Korean Job Discussion Forums

canuckistan · Posted: Sun Nov 30, 2008 11:13 am Post subject: The Big Three Auto Bailout

Their execs should be made to pull out their best hybrids the skunk works supergeeks in the basement have cooked up, and personally drive them to Washington.

The one that gets the best mileage (minimum 55 mpg) gets the taxpayers cash.

On the other hand · Joined: 19 Apr 2003 Location: I walk along the avenue

Just a point of clarification here...

canuckistan · Posted: Sun Nov 30, 2008 1:10 pm Post subject:

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994

That's not a bad idea.

sojourner1 · Posted: Sun Nov 30, 2008 3:38 pm Post subject:

Not only that, but relieve the officers of their duty and send in new trained professionals from the Fed who are ready to set things straight within the company; not destroy value by making deciions that only benefit themselves personally.

Executives making decisions that only benefit themselves personally is what got us all into this big mess in the first place. When is the media going to open this can of worms? This is indeed the single most underlying problem behind it all.

canuckistan · Posted: Sun Nov 30, 2008 4:32 pm Post subject:

I forgot to add the proviso that the automaker who gets the cash has to agree to have the hybrid on the road within a year.

Rusty Shackleford · Joined: 08 May 2008

Haha. Nice idea, then watch the cars sit on the shelf with nobody buying. If hybrids are so awesome why isn't someone making mega bucks building them?

It's the government that allowed the current situation to come about. What makes you think more government and cash is going to fix it?

Let the auto makers fail and let the person who comes in and buys up all that productive capacity use it to it's most efficient means.

The government will probably be forced to take on all the retirement and health plans of the retired workers though.

Ukon · Joined: 29 Jan 2008

Rusty Shackleford · Joined: 08 May 2008

Ukon wrote.
"Toyota is making money off them....SUVs have a higher profit margin for a couple of reasons I don't really feel like typing out......"

I wouldn't doubt for a second they make money off them. Toyota could probably turn their hand to most anything and make money. But why would they want to? They make more from SUVs because of the myriad subsidies and tax exemptions across various classes of car. It's distortions from market interference by government that puts us in our current situation.