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Author Topic: What the $700 Billion Dollar Bailout Means for You  (Read 1448 times)
Shoval Manuts
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« Reply #90 on: November 20, 2008, 03:16:37 PM »

Letting these companies die will kill the economy as well as the market worldwide, which could cost us a lot more to just get back to "square one".  This wouldn't be the first time in history, however, that the auto industry was retooled for new purposes.  Think back to WWII when the auto industry produced planes, tanks, and weapons.

I ain't gonna argue it on the forums, but I don't think that's the case.

I'm not arguing, just looking for intellectual banter.  But just out of curiosity, which comment I made isn't the case?
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« Reply #91 on: November 20, 2008, 03:38:25 PM »

I ain't gonna argue it on the forums...

do it, do it, do it...


You KNOW you wanna do it!
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« Reply #92 on: November 20, 2008, 03:38:58 PM »

Letting these companies die will kill the economy as well as the market worldwide, which could cost us a lot more to just get back to "square one".  This wouldn't be the first time in history, however, that the auto industry was retooled for new purposes.  Think back to WWII when the auto industry produced planes, tanks, and weapons.

I ain't gonna argue it on the forums, but I don't think that's the case.

...just looking for intellectual banter.  

Good luck getting that on here... boobs boobs penis.
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« Reply #93 on: November 20, 2008, 03:44:24 PM »

titty titty bang bang
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Shoval Manuts
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« Reply #94 on: November 20, 2008, 03:47:46 PM »

Good luck getting that on here... boobs boobs penis.

Damnit, foiled again.   Grin  Well, let's return to our regularly scheduled postings related to Sheetz, Pittsburgh crimes and online multiplayer computer games.
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« Reply #95 on: November 20, 2008, 03:50:01 PM »

Actually I guess it isn't a comment that you made, it was mine. I don't think that they companies would die if they didn't get the whole bail out. Maybe 1 of the big 3 would, but the others would likely go into chapter 11, default on their pensions and cut back production to match market demand.

I also think that the impact on the economy could be mitigated to a certain point by other investment, like an investment in mass transit.

BTW. I hate it when I'm writing some BS on the forums and my boss comes over to "talk shop".

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« Reply #96 on: November 20, 2008, 03:58:32 PM »

The one argument I don't buy is that "people still flew on bankrupt airlines, they will therefore buy cars from a bankrupt car company".  They are totally different things, mainly cause when you buy a plane ticket all you care about is getting to your destination, versus a car that is a durable product you hope will last a long time and be supported by the manufacturer and whatnot.

Maybe bigger companies (such as rental agencies) would buy fleets of cars from the big three, but Joe Dirty Thirty Pounder ain't gonna spend his beer money on a car that you may not be able to find parts for in a few years.
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« Reply #97 on: November 20, 2008, 03:59:19 PM »

Actually I guess it isn't a comment that you made, it was mine. I don't think that they companies would die if they didn't get the whole bail out. Maybe 1 of the big 3 would, but the others would likely go into chapter 11, default on their pensions and cut back production to match market demand.

I also think that the impact on the economy could be mitigated to a certain point by other investment, like an investment in mass transit.

BTW. I hate it when I'm writing some BS on the forums and my boss comes over to "talk shop".



How dare he do that in the middle of the work day.  I usually post BS on the forums while both of my bosses are sitting 5 feet from me on my left and my right.  Now who's badass? ( /wrists )
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« Reply #98 on: November 20, 2008, 04:06:23 PM »

The one argument I don't buy is that "people still flew on bankrupt airlines, they will therefore buy cars from a bankrupt car company".  They are totally different things, mainly cause when you buy a plane ticket all you care about is getting to your destination, versus a car that is a durable product you hope will last a long time and be supported by the manufacturer and whatnot.

Maybe bigger companies (such as rental agencies) would buy fleets of cars from the big three, but Joe Dirty Thirty Pounder ain't gonna spend his beer money on a car that you may not be able to find parts for in a few years.

I totally agree - one's a service while one's a product.  You're not going to try and resell a plane ticket from 3 years ago.  However, Joe Dirty Thirty Pounder will be attempting to trade in his Ford truck with the sticker of Calvin peeing on the Chevy logo, though.  Where's Toby Keith when you need him?
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« Reply #99 on: November 20, 2008, 04:09:14 PM »

Actually I guess it isn't a comment that you made, it was mine. I don't think that they companies would die if they didn't get the whole bail out. Maybe 1 of the big 3 would, but the others would likely go into chapter 11, default on their pensions and cut back production to match market demand.

I also think that the impact on the economy could be mitigated to a certain point by other investment, like an investment in mass transit.

BTW. I hate it when I'm writing some BS on the forums and my boss comes over to "talk shop".



How dare he do that in the middle of the work day.  I usually post BS on the forums while both of my bosses are sitting 5 feet from me on my left and my right.  Now who's badass? ( /wrists )

I found that creating a light gray background color in Outlook and then shrinking the Forums in Firefox provides pretty decent camoflage against unwanted eyes. I call my technique the mossy oak breakdown.
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« Reply #100 on: November 20, 2008, 04:23:53 PM »

I call my technique the mossy oak breakdown.

That's a Boo point for you sir, and not only that but a Boo point on post #666.
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« Reply #101 on: November 20, 2008, 05:01:32 PM »

The one argument I don't buy is that "people still flew on bankrupt airlines, they will therefore buy cars from a bankrupt car company".  They are totally different things, mainly cause when you buy a plane ticket all you care about is getting to your destination, versus a car that is a durable product you hope will last a long time and be supported by the manufacturer and whatnot.

Maybe bigger companies (such as rental agencies) would buy fleets of cars from the big three, but Joe Dirty Thirty Pounder ain't gonna spend his beer money on a car that you may not be able to find parts for in a few years.

Parts what kind of parts? You mean like parts like fenders or mirrors you can find from other cars in a junkyard? Or the engine parts that are made from another company other than the car company that made the car? The only thing I can see it affecting is perhaps the warranty.
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« Reply #102 on: November 20, 2008, 05:04:28 PM »

The one argument I don't buy is that "people still flew on bankrupt airlines, they will therefore buy cars from a bankrupt car company".  They are totally different things, mainly cause when you buy a plane ticket all you care about is getting to your destination, versus a car that is a durable product you hope will last a long time and be supported by the manufacturer and whatnot.

Maybe bigger companies (such as rental agencies) would buy fleets of cars from the big three, but Joe Dirty Thirty Pounder ain't gonna spend his beer money on a car that you may not be able to find parts for in a few years.

Parts what kind of parts? You mean like parts like fenders or mirrors you can find from other cars in a junkyard? Or the engine parts that are made from another company other than the car company that made the car? The only thing I can see it affecting is perhaps the warranty.

After our society breaks down, we'll just be stealing parts from the cars of our vanquished enemies and we'll all be wearing armor and football shoulder pads with spikes and shit all over it as we drive around in a post-apocalyptic world anyway.
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« Reply #103 on: November 20, 2008, 05:59:31 PM »

Didn't watch this yet as I was at work, but it should be good:

http://www.youtube.com/watch?v=tWk4SSeF1NM
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« Reply #104 on: November 21, 2008, 08:22:44 AM »

After our society breaks down, we'll just be stealing parts from the cars of our vanquished enemies and we'll all be wearing armor and football shoulder pads with spikes and shit all over it as we drive around in a post-apocalyptic world anyway.

I've already invested heavily in both shoulder pads and spikes. The demand for spikes is gonna be HUGE!
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« Reply #105 on: November 21, 2008, 08:55:25 AM »

The one argument I don't buy is that "people still flew on bankrupt airlines, they will therefore buy cars from a bankrupt car company".  They are totally different things, mainly cause when you buy a plane ticket all you care about is getting to your destination, versus a car that is a durable product you hope will last a long time and be supported by the manufacturer and whatnot.

Maybe bigger companies (such as rental agencies) would buy fleets of cars from the big three, but Joe Dirty Thirty Pounder ain't gonna spend his beer money on a car that you may not be able to find parts for in a few years.

Parts what kind of parts? You mean like parts like fenders or mirrors you can find from other cars in a junkyard? Or the engine parts that are made from another company other than the car company that made the car? The only thing I can see it affecting is perhaps the warranty.

After our society breaks down, we'll just be stealing parts from the cars of our vanquished enemies and we'll all be wearing armor and football shoulder pads with spikes and shit all over it as we drive around in a post-apocalyptic world anyway.
Don't forget hockey masks and gimp costumes
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« Reply #106 on: November 21, 2008, 09:05:22 AM »

Yeah without the mass media around to show us how to dress, humans naturally get all fetishy.
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« Reply #107 on: November 21, 2008, 10:27:21 AM »

TWO MEN ENTER ONE MAN LEAVES!

man I've been waiting my entire life for this.
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Shoval Manuts
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« Reply #108 on: November 21, 2008, 10:42:39 AM »

Didn't watch this yet as I was at work, but it should be good:

http://www.youtube.com/watch?v=tWk4SSeF1NM

I was pretty disappointed in this clip.  I was hoping Paul would do more grilling and make Bernanke look like an ass.  But, it was mostly just Paul blabbing about stuff for 4 minutes.
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« Reply #109 on: November 21, 2008, 10:45:21 AM »

Yeah without the mass media around to show us how to dress, humans naturally get all fetishy.

This is the greatest quote.
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« Reply #110 on: November 21, 2008, 10:51:10 AM »

Yeah without the mass media around to show us how to dress, humans naturally get all fetishy.

This is the greatest quote.

Yeah, it's alright.
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« Reply #111 on: November 21, 2008, 10:53:01 AM »

While I can understand not wanting to go buy a car where the parts aren't going to be available in a few years if the company is liquidated - I think that bankruptcy is inevitable for at least one of the big three even if they get bailout money - I heard on the radio this morning, that each of the big three on average loses 1 billion a month, so realistically, how long is $25 billion going to last between the three of them.

Just to be clear - You guys do understand the difference between chapter 11 bankruptcy and liquidation, right?
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« Reply #112 on: November 21, 2008, 11:07:53 AM »

Yeah.... this month could have been better... but it could've been worse, I mean we only lost 1 billion.
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« Reply #113 on: November 21, 2008, 11:16:57 AM »

While I can understand not wanting to go buy a car where the parts aren't going to be available in a few years if the company is liquidated - I think that bankruptcy is inevitable for at least one of the big three even if they get bailout money - I heard on the radio this morning, that each of the big three on average loses 1 billion a month, so realistically, how long is $25 billion going to last between the three of them.

Just to be clear - You guys do understand the difference between chapter 11 bankruptcy and liquidation, right?

Chapter 11 means that all your problems go away and you get free candy.

Liquidation is what happens when you eat a bunch of jalepenos and your stomach feels like a percolator.
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« Reply #114 on: November 24, 2008, 08:56:31 AM »

Yeah.... this month could have been better... but it could've been worse, I mean we only lost 1 billion.

So, to use a football analogy, it's kind of like the lose five yards play, multiplied by 200 million? 
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« Reply #115 on: November 24, 2008, 08:59:16 AM »

Something like that.
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« Reply #116 on: November 24, 2008, 09:12:28 AM »

I don't understand why GM needs to make soo many vehicles, that's the problem. For example why make a gmc truck and a chevy truck that are exactly the same looking! They have way too many vehicles and produce way more than they need. I think I read somewhere that they have like 3 times the amount of dealerships than other makers. It used to be if they didn't have what you wanted on the lot you would have to wait for them to custom build the vehicle you wanted (paint colors option etc.) But now everyone wants to walk away with a car on the spot.
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« Reply #117 on: November 24, 2008, 10:02:48 AM »

Yeah, they've certainly mutated their business model away from the typical supply and demand situation.  Instead of building up supply and selling it until it's gone, they make way to much of a product and then sell it at a discount at the end of the year so the can start pushing their new models. 

It's pretty stupid and it sucks that the workers are the ones who suffer from it.  Someone should just buy them all out and start making cars that people don't want to replace every 2 years.
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« Reply #118 on: November 24, 2008, 10:57:29 AM »

I was talking about this situation with a guy at work and he had a pretty good idea.  His thought is that the government should go to each of the car companies and tell them to come up with a limited lineup, call them "people's" cars, and then instead of giving the $25B to the companies, give it to the consumers as tax breaks to buy these new cars.  That way, the car companies don't see the money unless they make a product that the people want.  Just a thought.
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« Reply #119 on: November 24, 2008, 11:03:20 AM »

They should outlaw all gasoline powered vehicles, bring home all the troops and let the rest of the world rot.
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