Stunning

http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide

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6 Responses to “Stunning”

  1. urstupidnourstupid Says:

    They should be forced to disclose the info or be put in jail–simple as that! And I didn’t even know about the other funds mentioned that did not need congressional approval. Now the auto industry wants $$. Jesus Christ. Let them file chapter 11 like everyone else, get rid of the shitty management, kick out the unions, and get back to business. How about killing two birds with one stone by producing attractive, affordable, effective hybrids/alternative fueled autos. If the gov’t bails them out they should mandate that!!!! Whose dumb ass idea was it too sink all the R&D money into Hummers and SUVs when they should have been doing the opposite? I’m no business genius, but I saw that one coming years ago. Business leaders seem to have no foresight, and that is one of the key ingredients for success and longevity. People piss me off!!

  2. urstupidnourstupid Says:

    Now this is a topic we can completely agree on!!!!!

    Accept on one thing. The whole government mandating what to do with our major industries thing.

  3. urstupidnourstupid Says:

    Well if I give you $25 billion, I want a little guarantee that you won’t continue producing Escalades and Hummers. With money comes strings attached–you know that. You wanna give them $25 billion and say “OK fellas, now go have fun”

  4. urstupidnourstupid Says:

    It just comes down to the fundamental beliefs again. Government should get out of the way. One of the big reasons why Detroit produced big cars is because smaller cars did not have profit margins big enough to cover all of their union and pension costs. Granted management was short sighted but government will never be able to run a business better than a business can. I don’t have a problem with coordinated standards (like cafe) and tax incentives.

    Our car companies are done. It’s just a matter of when. Why not let them burn and let capitalists pull out some of the framework from the ashes and start something new. Without unions, bloated costs and short sighted management.

  5. urstupidnourstupid Says:

    I agree. But bad management and unions and pensions have nothing to do with government–business can fuck up things up too, ya know, not just Washington. I’m just saying, if I agree to bail your ass out after you fucked things up so badly, then I want some guarantees on my investment. This is common practice in all walks of life. Call it collateral or the cost of business or interest or whatever…money is never free.

  6. urstupidnourstupid Says:

    Speaking of unions. There is a bill that is set to pass in January that I will be ranting about very soon. Keep an eye out 🙂

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