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To: BWAC who wrote (165106)11/18/2008 5:34:31 PM
From: MulhollandDriveRespond to of 306849
 
based on their sales, i doubt few actually go to that website<g>

but yes it's disgusting to watch the gun to the head threats for taxpayer cash



To: BWAC who wrote (165106)11/18/2008 5:36:45 PM
From: AggieRead Replies (4) | Respond to of 306849
 
Just saw a talking head on CNN - obvious industry spokesperson - waxing epic about the cataclysm that will happen, should the eminently obviously sensible bailout fail to materialize. No cars anywhere! No parts anywhere! No imports anywhere! Life, as we know it, will cease.

Geez. All over a little bailout money, talk about bang for your buck! This could be quite a show, if properly managed, for us taxpayers.

Trouble is, no one that I hear is talking about the actual scenario, just the disaster scenario (whereby GM and Ford disappear from the face of the earth before 2009, without a trace).

GM and Ford will NOT shut down, as the more astute here have said. We have Ch 11 and Ch 13 as protective measures against just such catastrophic impacts to heavy industry and service sectors.

Could anyone here speculate outcome if Ch 11 is taken? What would be the actual events as they unfold?

Thanks

Aggie



To: BWAC who wrote (165106)11/18/2008 11:16:50 PM
From: posthumousoneRespond to of 306849
 
Getting serious if GM is advertising for a bailout.........>>

lol more serious than that....being GM owner i had the privledge of getting this sickening email from them a couple hours ago:

RE: URGENT MESSAGE TO GM OWNERS

Dear XXXXX,

You made the right choice when you put your confidence in General Motors, and we appreciate your past support. I want to assure you that we are making our best vehicles ever, and we have exciting plans for the future. But we need your help now. Simply put, we need you to join us to let Congress know that a bridge loan to help U.S. automakers also helps strengthen the U.S. economy and preserve millions of American jobs.

Despite what you may be hearing, we are not asking Congress for a bailout but rather a loan that will be repaid.

The U.S. economy is at a crossroads due to the worldwide credit crisis, and all Americans are feeling the effects of the worst economic downturn in 75 years. Despite our successful efforts to restructure, reduce costs and enhance liquidity, U.S. auto sales rely on access to credit, which is all but frozen through traditional channels.

The consequences of the domestic auto industry collapsing would far exceed the $25 billion loan needed to bridge the current crisis. According to a recent study by the Center for Automotive Research:

• One in 10 American jobs depends on U.S. automakers
• Nearly 3 million jobs are at immediate risk
• U.S. personal income could be reduced by $150 billion
• The tax revenue lost over 3 years would be more than $156 billion

Discussions are now underway in Washington, D.C., concerning loans to support U.S. carmakers. I am asking for your support in this vital effort by contacting your state representatives.

Please take a few minutes to go to www.gmfactsandfiction.com, where we have made it easy for you to contact your U.S. senators and representatives. Just click on the "I'm a Concerned American" link under the "Mobilize Now" section, and enter your name and ZIP code to send a personalized e-mail stating your support for the U.S. automotive industry.

Let me assure you that General Motors has made dramatic improvements over the last 10 years. In fact, we are leading the industry with award-winning vehicles like the Chevrolet Malibu, Cadillac CTS, Buick Enclave, Pontiac G8, GMC Acadia, Chevy Tahoe Hybrid, Saturn AURA and more. We offer 18 models with an EPA estimated 30 MPG highway or better — more than Toyota or Honda. GM has 6 hybrids in market and 3 more by mid-2009. GM has closed the quality gap with the imports, and today we are putting our best quality vehicles on the road.

Please share this information with friends and family using the link on the site.

Thank you for helping keep our economy viable.

Sincerely,