Romney's Latest Bold-Face Lie
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Jeep threads merged....Eat Us And Smile - The Originals
"I have a very belligerent enthusiasm or an enthusiastic belligerence. I’m an intellectual slut." - David Lee Roth
"We are part of the, not just the culture, but the geography. Van Halen music goes along with like fries with the burger." - David Lee RothComment
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I myself drive a 2004 Mercedes (pile of crap) but I'd still take it over anything Detroit kicks out today. I would never buy an American car that has been made in the past 20 years - eh, make that 40 years. This is not due to me thinking most imports are better but because Detroit is still living in 1972-ish.
Your 2004 Mercedes was a combined engineering effort of Daimler Chrysler. Mercedes bled the fuck out of Chrysler, sent most of the profits back to Germany, and then nearly let them go out of business. Thankfully Fiat stepped up and righted the ship. The Chrysler World HQ went from a virtual city inside a building, to a ghost town, almost overnight, thanks in a big part, to Mercedes.
Our current Government has allowed a whole bunch of automotive dies and stamping presses to be shipped over to China during this term. The majority of those are not still owned by the American Automotive companies. I believe, the Chinese will soon (I don't know how soon) be shipping cheap cars back to the U.S.
As far as the Jeep production over there, I believe the intention is to build them for the purpose of selling them only over there. Will that ultimately be the case? If it is, how does this benefit the UAW and its members? What if the Chinese start sending their Jeeps to Countries we are currently supplying them to, and doing it for a lot less? What about our military Jeeps? Will our Government continue to pay the UAW outrageous amounts to build their vehicles, when they can have them built in China for a lot less? I don't know the answers to these questions, or if they are even valid concerns, but I can tell you as I live in the Detroit area, there are concerns with the Chinese ramping up to build full scale automotive plants. Will the Chinese engineer vehicles? I believe they will. This will cause major issues to the American automotive market. It takes a lot more engineers to design a vehicle, than it does factory workers to build it.
Generic Motors still hasn't paid back it's bailout "loans". They still continue to spend and waste extreme amounts of money on things that have no bearing on the building, or quality, of their vehicles. Not to mention, their cars are lame, unimaginative, and poor quality. GM is a very arrogant company. Our Government should have never bailed them out. Our Government didn't hold GM accountable for what got them in trouble in the first place. That's why they are still struggling.
If the UAW employees spent as much time working, as they do trying to figure out how to get out of work, they'd never have to worry about anything. The attitudes inside those plants is obscene. Ungrateful and entitled are two words that come to mind everytime I step foot in one of those plants.Comment
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The problem with the bailout, as opposed to a structured resettlement (including a change in management), is that the same mistakes that were committed to get Chrysler in that mess in the first place will be committed again. Their dealerships are laying off people left and right...not a good sign. Chrysler is on the way out.Last edited by Nickdfresh; 11-01-2012, 10:31 AM.Comment
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Um, they mostly show Obama narrowly leading, and completely owning the Electoral College. And yes, there is a difference between polls, I think Pew Research actually admitted that their poll showing Romney with a solid lead was mostly comprised of Republican respondents...Comment
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No, they did in fact pay back their loans, with interest...
...They still continue to spend and waste extreme amounts of money on things that have no bearing on the building, or quality, of their vehicles. Not to mention, their cars are lame, unimaginative, and poor quality. GM is a very arrogant company. Our Government should have never bailed them out. Our Government didn't hold GM accountable for what got them in trouble in the first place. That's why they are still struggling.
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I was watching Romney speak on CNN, and it is almost physically painful at how uncharismatic and douchy he is with his meaningless drivel about how holding an American flag made his arm electrified. I wonder if that flag was made in China? I'm not saying that Obama is Mr. Sunshine or anything, but Jesus...Comment
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Wrong.
"New" GM paid back their loans. "Old" GM still owes $850 million, which will never be paid.
GMAC is still mostly owned by the Government. They still have billions of dollars on the ledger. Billions that will never get recovered, unless it goes into the pockets of those that didn't actually earn it.
GM has not paid back all of the money, nor will they ever. They got a handout, that we paid for. And the Unions came out smelling like a rose.Comment
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Wrong.
"New" GM paid back their loans. "Old" GM still owes $850 million, which will never be paid.
GMAC is still mostly owned by the Government. They still have billions of dollars on the ledger. Billions that will never get recovered, unless it goes into the pockets of those that didn't actually earn it.
GM has not paid back all of the money, nor will they ever. They got a handout, that we paid for. And the Unions came out smelling like a rose.
On May 15, 2012, the company put its ResCap subsidiary into Chapter 11 bankruptcy after it failed to make an interest payment of $20 million on unsecured debt. ResCap had written off $22 billion in mortgages in 2009, 2010, and 2011 much of it subprime mortgages. The move was seen as attempt for the company to focus on its profitable core business of auto loans and direct banking (Ally showed a $2.72 billion profit in 2011 in its auto finance unit but had a $402 million loss at ResCap).[18]
The Unions took significant losses and made huge concessions. Even roses grow in shit...Comment
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GMAC is now Ally Financial, and their problems do not stem from auto financing but from subprime mortgages and being one of the unlawful "auto-signers" that violated due process laws in handling foreclosures. However, Ally is actually very profitable:
The Unions took significant losses and made huge concessions. Even roses grow in shit...
Did the "Unions" make "huge concessions", or did their members make huge concessions? Can you be more specific as to what those "concessions" were? I am in those plants on a weekly basis. I have friends and family employed by all 3 of The Big 3. None of them are suffering. None of them have had any lifestyle change for the worse, only the better. None of them are making any less than they were before. None of them are getting less time off. None of them are getting fucked over with their benefits.
The real people that suffered through the automotive downturn were the suppliers and their employees. The ones that weren't protected by the criminals known as the UAW. The companies and their employees that were going out of business faster than you can blink, because GM was refusing to pay them for product that had already been delivered. Those are the real "auto workers" that made concessions, and suffered greatly. GM should have been put out of business, just like the HUNDREDS of companies they forced out of business by not taking their handout, and paying the proper people with it.
You can suck all the GM and Union cock you want. But what our Government, and GM did, was fucking CRIMINAL.Comment
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Eat Us And Smile - The Originals
"I have a very belligerent enthusiasm or an enthusiastic belligerence. I’m an intellectual slut." - David Lee Roth
"We are part of the, not just the culture, but the geography. Van Halen music goes along with like fries with the burger." - David Lee RothComment
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Your 2004 Mercedes was a combined engineering effort of Daimler Chrysler. Mercedes bled the fuck out of Chrysler, sent most of the profits back to Germany, and then nearly let them go out of business. Thankfully Fiat stepped up and righted the ship. The Chrysler World HQ went from a virtual city inside a building, to a ghost town, almost overnight, thanks in a big part, to Mercedes.Comment
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You are much too ignorant to know whether Detroit, or anyone else for that matter, are building good cars or not.
Even the junk Generic Motors is putting out these days, is as good or better than any of your over priced foriegn crap.
Keep buying the propaganda, and the "pile of crap" cars like you already own.
Break a nail....Comment
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