Obama Switches Tactics; Attacks Self

Airstrip One

Airstrip One

Completely Effed
Has anyone seen that new "Insourcing vs. Outsourcing" Ad from Obama? It was almost good, and then he mentions that he supported helping the Auto Industry. That was a dumb thing to do, because it's admitting that he supported the bail-out to a public that is not only largely opposed, but actively creates problems for the Big 3 by purchasing all of those stupid foreign cars in the first place.
 
Yeah, explain that to the unwashed masses. Still, if the goal is just saving the Big 3, the unwashed masses clearly don't care when they all drive around in Toyotas, Hondas, Nissans, Hyundais, Volkswagons, Volvos, BMWs, etc...
 
Paranoid Android said:
Yeah, explain that to the unwashed masses. Still, if the goal is just saving the Big 3, the unwashed masses clearly don't care when they all drive around in Toyotas, Hondas, Nissans, Hyundais, Volkswagons, Volvos, BMWs, etc...
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When/If the big 3 offer a product that holds up as well as my VW, I might consider buying it.

I still buy US made trucks.


Lest we forget....the Big 3 went under, largely due to the narrowminded, backward thinking executives who plodded headlong into the 'Bigger Is Better', Hummer based marketing strategy. Funny how it all started with Desert Storm. Talk about the unwashed, pseudo patriotic masses.

There was nothing on the drawing board, for those who wanted a quality, fuel efficient vehicle.

When the price of gas tripled, the party was over. The big 3 had millions of obsolete gas guzzlers sitting in the ports.

It's just as easy to blame the US populace, as they were easily led into believing that they 'needed' a 12 mpg 4 door pickup, in order to get their kids to soccer.


In the free market, if your product is garbage, you eventually reap what you've sown.

Bailing out the auto industry was necessary. The unions/CEOs had to make huge concessions, which brought the business model back down to Earth.

Not to worry...they'll create another fad, and it will be off to the races again.
 
Althea said:
Lest we forget....the Big 3 went under, largely due to the narrowminded, backward thinking executives who plodded headlong into the 'Bigger Is Better', Hummer based marketing strategy.
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and yet SUVs are still the best selling vehicles made......perhaps there's some truth to the rumor that it was employee benefit programs that brought the Big 3 down (oops, make the Big 2, Ford didn't take a bailout)..........
 
Paranoid Android said:
Has anyone seen that new "Insourcing vs. Outsourcing" Ad from Obama? It was almost good, and then he mentions that he supported helping the Auto Industry. That was a dumb thing to do, because it's admitting that he supported the bail-out to a public that is not only largely opposed, but actively creates problems for the Big 3 by purchasing all of those stupid foreign cars in the first place.
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Not to mention what that 'bailout' meant to the at the time current investors of the concerns...Instead of following contract law, the administration told investors to get in the back of the line, and take pennies on the dollar, while union concerns got the big pay off, that some $30 billion was never paid back and probably will never be.
 
PostmodernProphet said:
and yet SUVs are still the best selling vehicles made......perhaps there's some truth to the rumor that it was employee benefit programs that brought the Big 3 down (oops, make the Big 2, Ford didn't take a bailout)..........
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Ford stock was selling for about a buck or two.
 
j-mac said:
Not to mention what that 'bailout' meant to the at the time current investors of the concerns...Instead of following contract law, the administration told investors to get in the back of the line, and take pennies on the dollar, while union concerns got the big pay off, that some $30 billion was never paid back and probably will never be.
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What would investors get if there was no bailout?


GM's European branch is suffering the same fate as the US branch was pre bailout. They've got to renegotiate the overly generous union contracts. I'm sure they'll also cut CEO pay as they did here.

If not for Europe, GM stock would be doing better, and essentially cover the balance of the bailout principle.

Now, they can raise stock shares by laying off a few thousand employees, but I'd rather see them work through the Europe issue first, and share price will naturally improve as a result.
 
Althea said:
What would investors get if there was no bailout?
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More than likely GM and Chrysler would have gone into a restructuring BK, that would have allowed a re negotiation of Union contract, and investors by contract would have been in line first to be paid back. As it stood, Unions got the lion share, and investors got screwed.

GM's European branch is suffering the same fate as the US branch was pre bailout. They've got to renegotiate the overly generous union contracts. I'm sure they'll also cut CEO pay as they did here.
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In this time of "fair share" it should be everyone taking a haircut, not just the top...Unions need to do more as well.

If not for Europe, GM stock would be doing better, and essentially cover the balance of the bailout principle.
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Cut em loose then...We need our money back.

Now, they can raise stock shares by laying off a few thousand employees, but I'd rather see them work through the Europe issue first, and share price will naturally improve as a result.
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How long should the US taxpayer wait to get paid back? 10 years, 20 years?, Never?

this bailout was a sham, and it's looking more and more like just another payoff to Obama cronies, and political friends, in this case unions.
 
For all the talk about Greece and silly comparisons between our economy and theirs; we would be in far off worse shape today if we had allowed GM and Chrysler to fail. Like Romney wanted.
 
j-mac said:
More than likely GM and Chrysler would have gone into a restructuring BK, that would have allowed a re negotiation of Union contract, and investors by contract would have been in line first to be paid back. As it stood, Unions got the lion share, and investors got screwed.
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Newsflash....unions did renegotiate.

So tell us what 'lion's share' the unions got?
 
Howey said:
For all the talk about Greece and silly comparisons between our economy and theirs; we would be in far off worse shape today if we had allowed GM and Chrysler to fail. Like Romney wanted.
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Yes..we would. Now it's just a question of how long it will be until Romney tries to take credit for the auto industry's success?
 
Truth in Advertising Indeed!

wolf-romney-offshored.JPG
 
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