WE REALLY F*CKED NOW

Discussion in 'General Chat' started by stewacide, Dec 11, 2008.

  1. Too bad they're already neck deep in it. And by "it" I'm going back to 1994 when the government thought it would be a good idea to force banks to relax guidelines and extend credit to less worthy applicants... all the way through the deregulation of the last 8 years, the handling of Fannie, Freddie, AIG, and all the investment banks...

    They're so deeply intertwined in this, they can't get out. It's too late to say, "we're not getting involved in the ecconomy!" This is the economy our government created.
     
  2. There's a HUGE difference in terms of preserving North American workshare. The Big Three are way more than just they're manufacturing plants. Just because someone would buy a lot of the better plants and keep building cars doesn't mean there'd be work for the laid-off executives and engineers: most of that would stay in Japan/SK/Europe. In effect *the best* we could hope for would be screwing together Japanese designs at the behest of Japanese companies who have a political interest in maximizing Japanese parts content and design workshare, and repatriating all the profits to Japan.
     
  3. How did they force the banks to lend more money?
     
  4. It's a shame that your constitution weren't clearer on this area, i.e. not doing a bunch of stupid shit.
     
  5. I'm no expert, but I'm pretty sure all sorts of 'non discrimination' laws have been passed in the US to prevent banks from 'discriminating' against racial minorities when getting a loan. The problem is in practise it's prevented them from discriminating against poor and untrustworthy people.
     
  6. See: Community Reinvestment Act

    (I got the year wrong, but the CRA is the act I was referring to)
     
  7. that's what I'm think of
     
  8. I'll buy a gr8 G8 m8 when it's like $100
     
  9. im pleased with this news. no more horrible cars from america. we should celebrate und tanz!
     
  10. The Big 3 are temporarily shutting down just about every plant in Canada for a month starting in January. It's the beginning of the end.
     
  11. #137 Veyronman, Dec 12, 2008
    Last edited by a moderator: Apr 25, 2016
    the puma is no longer in production (let alone the racing version)

    however, there are a few floating around used...
    http://www.pistonheads.com/sales/724089.htm

    i want it
     
  12. I think the same is happening in the US, at least with GM.

    But if the Big Three do collapse Oshawa and Windsor are future Detroits.

    Also suppliers are getting so iffy on Chrysler and GM they're starting to demand cash-on-delivery, which will cause them to run out of money all the quicker <A BORDER="0" HREF="http://www.supercars.net/PitLane?displayFAQ=y"><IMG BORDER="0" SRC="pitlane/emoticons/confused.gif"></A>
     
  13. Windsor is already full of rage. I hear that you can get your tires slashed if you don't drive a Big 3 vehicle.
     
  14. This particularly sucks from Canada's POV since the huge healthcare-cost gap that exists in the US between domestic and foreign plants doesn't exist here for obvious reasons. If the Big Three go under in Canada it'll be because of the US's failure to solve it's problems, nothing Canada did wrong (there's a reason the industry has become so concentrated in Canada: the operating environment in the US is suffocating)
     
  15. Nobody in Windsor/Detroit would dare drive a non-big-three vehicle so I wouldn't know <A BORDER="0" HREF="http://www.supercars.net/PitLane?displayFAQ=y"><IMG BORDER="0" SRC="pitlane/emoticons/wink.gif"></A>

    edit -- seriously speaking I've never heard of that, but there is definitely an aversion to foreign cars
     
  16. I drive a Subaru
     
  17. They'll have to shut Canadian plants down to not suffer US rage, but their cheapest and most efficient plants are in Canada. Oh the dilemma.
     
  18. Everyone things you're a douchebag.
     
  19. I wonder if there's an opportunity for the Canadian government to offer them the short-term credit they need in exchange for a pledge not to shut any Canadian plants / only to cut excess production in the US. That'd be pretty Machiavellian and politically dangerous, but the other-side-of-the-coin here is that the Big Three are desperate and can be bought off for a song.

    Better than, say, the Chinese buying them and moving production to China (which I think is a real possibility).
     
  20. There are some good arguments on both sides of this issue. There are also some really awful ones, mostly the awful ones come from the side of the opposition.

    The one I CAN'T STAND is the one from citizens in Alabama who say, "why should federal tax dollars, partially paid into by citizens of Alabama, be used to fix problems in Michigan?" That argument is just unbelievably laced with ignorance and a total lack of understanding of how deep the automotive industry's roots go all over the country and the world. Alabama thinks they're high and mighty because they build cars for foreign companies with non-union labor. What is Alabama going to do when Mercedes-Benz can't build cars anymore, due to the fact that they cannot get parts to build cars, once the parts suppliers go under once they're no longer filling massive orders from the Big 3?

    If the Big 3 fail, the ripple effects will be ENORMOUS. I can't believe there are people in any region of this country who actually believe their failure won't impact their lives.

    This situation is a lot of things - it's difficult, it's sad, it's what the companies and unions deserve, etc etc... but one thing it absolutely IS NOT, is a regional problem that only effects the Midwest, and something that Southern states can look at and go, "sucks to be you". It sucks to be ALL of us.
     
  21. Good English.

    Well, I think the Big 3 are stupid for not producing a 5-door hatch, all-wheel drive, manual transmission, car with a sporty feel to it.

    Before I bought my Impreza, I looked at the Focus. For the same price and with similar options, it didn't have AWD, it rode higher and handled mushier. I also would have had to place a special order for a manual transmission as there were none on the lot.

    Chevy and Chrysler didn't even have an entry that was remotely close to what I was looking for.
     
  22. Sweden gave money to GM and Ford solely for use in shoring up Volvo and Saab, yes?
     
  23. Won't it be strange if the Big 3 end up with more operations outside the US than in?
     
  24. only if you continue to think of the Big 3 as American companies.
     

Share This Page