GM Bailout, What's everyone's take? Options

[blu94gt]

So what does everyone here think of the US government bailing out GM with X billion dollars?

I think it's just plain silly. I do agree that if GM were to go under that roughly 3 million jobs could be lost, and would be a huge hurt to our economy. Realistically though, if they go under then Chrysler and/or Ford or someone else will just absorb them and take control. It's called FREE MARKET, if your business can't make it then you close your doors, the government shouldn't be involved at all. GM obviously can't make a quality car that people want to buy, can't figure out how to not get screwed by the labor unions, and drop all their money into silly projects like the Volt. Plus they waste all kinds of money selling the same exact cars under 4 different brands. Buick Rainer, Chevy Trailblazer, GMC Envoy, Saab 9-7x are all EXACTLY the same with different grilles and lights. What purpose does this serve other than wasting a whole bunch of money in having several different toolsets and suppliers? (all American companies do this, I've never been able to figure it out). Not to mention separate markets around the world.

So say the government bails out GM. They need to then supervise every financial move GM makes down to where they have a lunch meeting, require them to make eco-friendly cars or something like that, loosen the grip of the union, etc. Also to re-brand everything: Cadillac for luxury, Chevy for cars, GMC for trucks. Completely get rid of Pontiac and Saturn. After a few years of this setup, unify the US market lineup with the world market lineup of vehicles. Hopefully Ford and Chrysler would follow suit, I think they would all benefit.

In the end, I hope they don't get bailed out and are allowed to fail.

[D-Man]

Here is what I dont understand...
They are failing because they make crappy cars that no one wants to buy. If we bail them out, it might help them in the short term, but they will still make crappy cars people dont want to buy.

Agreed. They will not change their action plan. They will continue to do what they are doing thinking that it's working. As as always, point the blame elsewhere because they are not turning enough profit.

Hahahahahahaha

Wait? Hahahah how can ANYONE bail out a multi-national? So will the UK Bail out Vauxhaul? Germany bail out Opel? Sweden Bail out Saab? Austraillia bail out Holden? South Korea bail out Daewoo?

Hahahahaha.

Okay I know you guys are worried about your economy and all but man. Irony.

So when globalization happened and they moved most of their manufacturing to where they could find cheap labour, it was okay because they were a "multi-national" but all of a sudden when hard times come, they are a pure-blood "American" company who deserves to be bailed out? Hahahah wow.

Sorry, that made me laugh. What a good way to start the morning. In all honesty, I don't think you should pay tax-dollars to bail out a company that made some pretty awful choices when it came to expansion and adjusting to the market.... Though sadly, I would say they did it the best (of the Big 3 at least).

I wonder what will happen to Ford and Chrysler.

+247.36621 ( )
Seriously though. they've been working out of any country they could find cheap labor, Calling it an "American revolution" in their advertisements. Yeah, that's real AMERICAN... any 3rd world country willing for work for a dime a day, making the vehicles... REAL American right there 3 million jobs may be lost. Only 50 will be Americans loosing their jobs, and they'll all be cooperate fat-cat positions that are making the stupid decisions in the first place; blaming it on the fact that importing thousands of tons of vehicles from the other side of the world is too expensive to make profit, but paying a hard working man an honest days pay is even more expensive

Fcuk GM.