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US Government to cover Auto Warrantees????

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  • #31
    Re: US Government to cover Auto Warrantees????

    Originally posted by Josh View Post
    Guys... Please keep this focused on respectful.

    I'll admit that I am deeply disappointed with both parties right now. Something big needs to change and I dont think socialism is the answer (actually I know its not the answer) Anyways... Ill keep an eye on this thread but it is starting to head a bit south.

    Josh
    Josh, I'm glad you and Mark have allowed this thread to continue as long as it has. Right now it may be near the end, I know I don't have much else to say, but I'm still left with no clue as to how our country will get back on it's feet? Most of us seem to agree we don't like what is being done, but what needs to happen to change that? As an individual I can try and save what little money I have and not go further into debt, but I have no power to stop wasteful spending or create jobs. How do you see a good outcome in all of this mess? I agree socialism is not the answer, why can't business that are failing be allowed to fail?

    Comment


    • #32
      Re: US Government to cover Auto Warrantees????

      Originally posted by Frankiarmz View Post
      Back during the election Obama failed to mention anything about dropping the tax deduction on mortgage interest.
      That is sure to prevent foreclosures and raise housing prices ...

      Comment


      • #33
        Re: US Government to cover Auto Warrantees????

        I was reading about this Chrysler bailout in the 70's all of which was paid back.

        http://en.wikipedia.org/wiki/Chrysle...oan_guarantees

        I can see why we should not be bailing out these companies and allow them to fail. It's the natural order of things, survival of the fittest.

        But what about all of the people who will lose their jobs? Won't it make the already hurting economy worse if a couple 100,000 people lose their jobs at once.

        It's easy to hate and want to punish the executives who got these companies into this situation, but what about folks like you and me who need a paycheck?

        It is a loan after all, not not a welfare check.

        Lenny

        Pronounced A-Bear Drain Care

        I know, it doesn't make sense.


        http://www.hebertdraincare.com

        Comment


        • #34
          Re: US Government to cover Auto Warrantees????

          Originally posted by HebertDrainCare View Post
          I was reading about this Chrysler bailout in the 70's all of which was paid back.

          http://en.wikipedia.org/wiki/Chrysle...oan_guarantees

          I can see why we should not be bailing out these companies and allow them to fail. It's the natural order of things, survival of the fittest.

          But what about all of the people who will lose their jobs? Won't it make the already hurting economy worse if a couple 100,000 people lose their jobs at once.

          It's easy to hate and want to punish the executives who got these companies into this situation, but what about folks like you and me who need a paycheck?

          It is a loan after all, not not a welfare check.
          Lenny, I don't want to see the workers or execs punished. Really, what bad thing did they do? The big three made plenty of cars, trucks and SUVs that were being bought until the economy took a turn for the worse and then things started to get bad. Right now if people are not buying because they can't get the loans, want to save their money or are on hard times themselves where is the business? The government is essentially keeping failed business artifically alive. You bring up a good point about 100,000 folks being out of a job when things are already bad and that question deserves a serious well thought out answer not some scarcastic remark . I don't know what happens to all those folks? Unemployment if there is enough money to pay it and some kind of assistance if they go beyond the coverage time and there are still no jobs or restructuring? My point is it that the bailout (loan) won't help if the business is not there. I have more questions than answers the longer these problems drag out. On one hand I don't think extending credit to buy autos is a good idea if we don't create real jobs to employ Americans so they can pay off the credit, and on the other hand our economy is so driven by consumer credit I don't know if it can survive at this point without it. Most foreign countries impose all sorts of import limits and tarrifs on our products such as cars coming into their countries to protect their manufacturing base and economy, not the USA! We have American Auto makers with factories in canada and south america, how does that help the American worker? I have thought for many years that it was a matter of time until the American consumer was so broke by the loss of jobs and givebacks that they could no longer support our economy or buy what the rest of the world had to offer. I believed that when that day came folks would realize that all those people working for slave wages in the third world really didn't save them anything because they can't buy what they manufacture, not the cars, electronics or much of anything else. So here we are not buying many cars, holding off on those big screen tvs, many of us unable to meet the mortgage and more facing job loss. What is the answer? We all are seeing the problems and mistakes, but what are the answers?
          Last edited by Frankiarmz; 03-31-2009, 11:48 PM.

          Comment


          • #35
            Re: US Government to cover Auto Warrantees????

            What I'm reading seems pretty reasonable to me.

            Provide a satisfactory restructuring plan within 30 days for Chrysler, and 60 days for GM, to show that you can be profitable enough to pay back the loan, or go bankrupt.

            Backing warranties will help get people to buy vehicles.

            Also, get rid of this guy thats been running you into the ground.

            http://www.google.com/hostednews/ap/...Y2BPwD978E2BO3

            Now this article pi$$es me off. Its not a bonus, but still...
            http://www.abcnews.go.com/Blotter/st...7208201&page=1

            Lenny

            Pronounced A-Bear Drain Care

            I know, it doesn't make sense.


            http://www.hebertdraincare.com

            Comment


            • #36
              Re: US Government to cover Auto Warrantees????

              "GM and Chrysler employ about 140,000 workers in the U.S. In February, GM said it intended to cut 47,000 jobs around the globe, or almost 20 percent of its work force, close hundreds of dealerships and focus on four core brands — Chevrolet, Cadillac, GMC and Buick."

              Thats a potential 140,000 people in the U.S. to add to the unemployment pool. Scary.
              Last edited by HebertDrainCare; 04-01-2009, 12:32 AM. Reason: Bad Math

              Lenny

              Pronounced A-Bear Drain Care

              I know, it doesn't make sense.


              http://www.hebertdraincare.com

              Comment


              • #37
                Re: US Government to cover Auto Warrantees????

                Thanks for this thread Josh.

                It made me want to read up and get more educated on the issue.

                Whether I learned anything or not is debatable.

                Lenny

                Pronounced A-Bear Drain Care

                I know, it doesn't make sense.


                http://www.hebertdraincare.com

                Comment


                • #38
                  Put them all on a plane and let them crash and burn, die

                  Anyone that loses a job........guess what: get another damn job.

                  I don't feel sorry for them because they've been living high on the hog long enough, they make more than any auto industry worker around and that is a good ole boys club to work for those big companies.


                  Let them perish, I know tons of people flocking to "stable" companies like honda, toyota, nissan.


                  Foreign cars are just built to last.


                  There's a statement that is so true, "If Honda built people, we'd never die."


                  Let's not forget 30 years ago that when you owned a vehicle that was ford chrysler or dodge, chevy; if it got anywhere near 50 or 60 thousand, it needed a transmission and brake pads were almost a yearly thing. Timing chains, oil pumps, what about those spark plug wires that never lasted? HUH? How bout those damn spark plugs that lasted 10,000 miles, IF you're lucky.

                  ALWAYS tuning those vehicles up, ALWAYS putting distributor caps on along with rotor buttons. WHY? Because they need a job, YOU are the fool.

                  And then came foreign cars, cars that were hated by the masses...but revelled one simple concept: they run without error.

                  "What?"

                  "You mean, they don't operate and break down?"


                  "Well, how is anyone going to keep a job like that?"


                  And that my friends, is your good night bedtime story of why the american auto worker pilfered your income for so many years, and the divorce from america has finally come.

                  You would be absolutely effing retarded to buy a GM product right now, especially if you have the government covering the warranty, and your payments on that vehicle for up to a year if you lose your job!!! Fancy that ****!

                  Americaa will do just fine without these vehicles, Toyota has proven they can build a vehicle that will last forever, just like a honda and please don't insult the masses stating that your 81' chevy citation has only needed brakes in the 110,000 miles you've drove and owned it.

                  It's UNAMERICAN at this point to continue the participation in these companies as they've lost their shirt and their pants in this, and too bad it didn't happen 25 years ago when it really needed to happen.

                  America shouldn't be a country that bails out idiotic fools behind the wheel of the "american dream" that found the end of a boat ramp into the ocean where no one wants to talk about it.

                  I could look at the president of ford right now in defiance of their belief that my 45 thousand dollar truck without grease fittings was an insult to all americans that like to own something that has the ability to last longer,

                  not have an implied or embedded safety catch for your union to union relationships that allow someone to stay employed if the idiotic fool decides to own your vehicle more than a few years.

                  Perish, fail with dignity. GM is not needed, neither is chrysler for that matter.


                  Let these fools become employees of McDonald's, so I can throw my big macs with extra "special sauce" and hit them in the face so they understand they're meaningless to those who supported their taint for too long.
                  Last edited by DUNBAR PLUMBING; 04-01-2009, 12:53 AM.
                  Northern Kentucky Plumbers Twitter Feed | Plumbing Videos

                  Comment


                  • #39
                    Re: US Government to cover Auto Warrantees????

                    I feel sorry for the Union employees. The President said all parties including the Unions must sacrifice more. This will likely mean more cuts in pay, retirement and health-care for both current and retired Union members. The other option might be for the Manufacturers to go bankrupt and then there will be a total loss of pay, retirement and health-care for both current and retired Union members. Sounds like it's time to make lemonade.

                    Mark
                    "Somewhere a Village is Missing Twelve Idiots!" - Casey Anthony

                    I never lost a cent on the jobs I didn't get!

                    Comment


                    • #40
                      Re: US Government to cover Auto Warrantees????

                      Originally posted by HebertDrainCare View Post
                      "GM and Chrysler employ about 140,000 workers in the U.S. In February, GM said it intended to cut 47,000 jobs around the globe, or almost 20 percent of its work force, close hundreds of dealerships and focus on four core brands — Chevrolet, Cadillac, GMC and Buick."

                      Thats a potential 140,000 people in the U.S. to add to the unemployment pool. Scary.
                      Lenny, I don't think our government will allow that kind of job loss. They will come up with plan after plan, at least it looks that way. I wonder if they will bailout the foreign auto makers here as well?

                      Comment


                      • #41
                        Re: US Government to cover Auto Warrantees????

                        Originally posted by ToUtahNow View Post
                        I feel sorry for the Union employees. The President said all parties including the Unions must sacrifice more. This will likely mean more cuts in pay, retirement and health-care for both current and retired Union members. The other option might be for the Manufacturers to go bankrupt and then there will be a total loss of pay, retirement and health-care for both current and retired Union members. Sounds like it's time to make lemonade.

                        Mark
                        Mark, I know our government is deeply involved with the auto industry but what's happening along the lines of new jobs? We kept hearing about new jobs, green jobs and yet nothing so far? Maybe if some real jobs came about folks would start buying cars again? I also don't know if retired Union members would lose anything, some pensions are guaranteed. What about vested rights? Unless the government can undo legal contracts folks have rights that were agreed to in writing, I think.

                        Comment


                        • #42
                          Re: US Government to cover Auto Warrantees????

                          I felt the stimulus should have included tax breaks for buyers buying cars but that was not included. I would much rather seeing cars being built and sold then paying for the assembly lines to sit idle. As for the retirements, if they are guaranteed by the manufacturer, which many of them are, once the manufacture is gone so is the retirement. Those retirements which are in outside trusts have lost a lot of money just like everyone else in the market. Both plans rely on employees continuing to pay into retirement. If there are no manufacturers and there are no employees paying into the programs there will be no money to pay to retirees.

                          As far as new jobs I have heard the President now considers jobs not lost as jobs gained. I'm not sure I would agree with him but that is the new interpretation.

                          Mark
                          Last edited by ToUtahNow; 04-01-2009, 01:54 AM.
                          "Somewhere a Village is Missing Twelve Idiots!" - Casey Anthony

                          I never lost a cent on the jobs I didn't get!

                          Comment


                          • #43
                            Re: US Government to cover Auto Warrantees????

                            In 3 months Obama has managed to systematically stick the knife into the backs of all those that got him elected.

                            Business would have fixed itself. It always has. If left alone the strong would survive and the weak be bought out or re-structured, but the Dem's had to do something quick in order to obtain as much power as possible before everyone woke up. I have never seen a time in my life with the exception of Viet Nam, when so many folkes are watching the news and are actually befinning to think about what is going on in this country. The sleeping giant has once more been wakened. There will be tremendous fallout from this huge democratic power grab that will come to a head when the elections begin again. They seriously under estimated the sheer number of educated rednecks in this country. Seriously, have anyone of you heard anyone (except MSNBC) defending any of this crap?
                            sigpic

                            Comment


                            • #44
                              Re: US Government to cover Auto Warrantees????

                              Originally posted by ToUtahNow View Post
                              I felt the stimulus should have included tax breaks for buyers buying cars but that was not included. I would much rather seeing cars being built and sold then paying for the assembly lines to sit idle.

                              Mark

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