GM Govt. Bailout? - Toyota Yaris Forums

PetersRedYaris · 11-14-2008, 12:54 AM

Quote:

Originally Posted by Nigal

If a company is unable to run it's business so that they offer a marketable product then they should be allowed to fail. It will only strengthen the rest of the industry in the long run. Bail outs do nothing but prolong the suffering. Look at AIG. They are already coming back to the trough for seconds.

Can anyone honestly say that it is right and proper for a company to assume all profits yet we, the tax payers, assume all risk? No.

Nigal- one of the smartest Yarisworldians around...

Nigal · 11-14-2008, 07:33 AM

Quote:

Originally Posted by PetersRedYaris

Nigal- one of the smartest Yarisworldians around...

I wouldn't go that far. How about best looking in stead?

Woody_Woodchuck · 11-14-2008, 07:59 AM

Chapter 11. Even with a bailout jobs will be lost. One bailout is not going to be enough, they will be back for more.

Giving them money for having a company that has not been business smart is ridiculous. It really does not give them any immediate incentive to turn the company around to make it financially stable. A bailout will only buy them time before this happens again, it is short term solution. And, how much money is it really going to take, 25 Billion is nowhere near enough to get that large of an operation turned around. I understand that the auto industry fingers are into everything and many, many people are affected. But, no matter how much cash they receive, they are going to have to cut jobs, production costs and scale back on everything to make it. Let’s get the ball rolling now instead of putting this off for a few years at taxpayer’s expense.

Bankruptcy will force them to re-think their business plan and they will be dealing with their money, not mine. True, I will be paying unemployment and many other costs associated with layoffs but in the long run it is the right way to proceed.

View Poll Results: Should The US Govt. Bail Out the US Auot Industry?
YES - Bail Them Out!	11	17.74%
NO - Let them Fail!	51	82.26%
Voters: 62. You may not vote on this poll

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11-14-2008, 07:59 AM	#3
Woody_Woodchuck Drives: 2008 Yaris LB 5M Join Date: Oct 2008 Location: Wake Forest, NC Posts: 64	Chapter 11. Even with a bailout jobs will be lost. One bailout is not going to be enough, they will be back for more. Giving them money for having a company that has not been business smart is ridiculous. It really does not give them any immediate incentive to turn the company around to make it financially stable. A bailout will only buy them time before this happens again, it is short term solution. And, how much money is it really going to take, 25 Billion is nowhere near enough to get that large of an operation turned around. I understand that the auto industry fingers are into everything and many, many people are affected. But, no matter how much cash they receive, they are going to have to cut jobs, production costs and scale back on everything to make it. Let’s get the ball rolling now instead of putting this off for a few years at taxpayer’s expense. Bankruptcy will force them to re-think their business plan and they will be dealing with their money, not mine. True, I will be paying unemployment and many other costs associated with layoffs but in the long run it is the right way to proceed.