Couple of interesting articles
#1
#2
Join Date: Dec 2003
Location: Saskatoon, Saskatchewan
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#4
Join Date: Dec 2003
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#5
I see your point there. I guess a few things is, they think by keeping chrysler going, would keep more people in jobs. Also when Chrysler got loans (note loans, not bail out) they did pay them back, so I would think they should be in good standings.
I really know what ya mean though. They dont seen to be thriving as a company, so let em pass on, have a nice service for, and we can keep on (ford) truckin!
I really know what ya mean though. They dont seen to be thriving as a company, so let em pass on, have a nice service for, and we can keep on (ford) truckin!
#6
i agree 100% Fom. the bail money should have been set aside to provide employment insurance for any autoworkers losing their jobs because of a bankruptcy.
#7
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#8
i think the bailout cost more. paying unemployment costs 66%(in canada anyway) of the normal wage and they wouldn't have to pay for operational costs, or executive member costs. that would leave the company with basically no costs other than restructuring...
perhaps my methods of thinking aren't proper, but hey... what the gov'ts are doing isn't helping much either
perhaps my methods of thinking aren't proper, but hey... what the gov'ts are doing isn't helping much either
#9
#11
When it comes down to it I agree with ya Colin.
I have heard/read alot of the arguements that are pro bail out, but I dunno.
I personally think that Gm and Chrysler both would have managed without the bail out money, and it would have been better for them.
Lets also not forget that Ford was asking for money too. Although in the end they didnt get any (and I am glad they didnt) they did come asking with their hands out.
I have heard/read alot of the arguements that are pro bail out, but I dunno.
I personally think that Gm and Chrysler both would have managed without the bail out money, and it would have been better for them.
Lets also not forget that Ford was asking for money too. Although in the end they didnt get any (and I am glad they didnt) they did come asking with their hands out.
#12
#13
Your right about them remortgaging.
I thought I read that they were going with their hands out just like everyone, and then after the whole arriving in the jet episode, they kinda said screw it and managed to do it without the bail out money.
I know they werent innocent though, they were (at least at first) asking for some cash.
I thought I read that they were going with their hands out just like everyone, and then after the whole arriving in the jet episode, they kinda said screw it and managed to do it without the bail out money.
I know they werent innocent though, they were (at least at first) asking for some cash.
#14
Join Date: Jan 2005
Location: Rouleau, Saskatchewan
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I am not saying I am right but it is one of those things that just rubs me the wrong way so much it makes my blood boil. I don't have a problem with local gov'ts trying to help out companies with various means. But provincial and federal gov'ts are not banks and should not be in business competeing with private business. I am getting off my soap box now.
#15
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