Auto bail out has just been killed.... say good bye to America

[bcooter151]

discuss

[sLiPkNoT Fan]

Lots of jobs in Canada!!

[Freakish213]

bye america

[Un0RiGiNaL]

Big ****ing deal
(well actually it is)

but who cares, we can all just chill in front of 711 for Yobs neways

[Astaldoath]

cya XD

[get.set.go]

news article link?

[hurshabb]

http://finance.yahoo.com/news/Auto-b...-13813530.html

Linkage.

[ryan250]

brb buyin gold,guns and ammo

[Ted Nugent]

my spider sense says this is not good...at all

[shoobey]

why is this bad news? Should be good news? Unless someone provides sufficient evidence to show that a lack of auto bailout will more than likely lead to a depression, there is no reason for the bailout. And honestly I have a feeling it won't lead to a depression.

Did anyone actually ever claim that a failed U.S auto sector will plummet the economy into depression, other than the auto makers arguing for themselves?

[Phal4nx]

f*ck. so what happens to Ford, GM, and Chrysler now?

[qdiddy69]

the people who controll america.....
we will talk about a bail out to give a slight rise in the economy
shorlty after we will veto the bail out killing the economy
repeat... repeat...repeat
am i the only one seeing the trend here

[ufraag]

So whats gonna happen to the american auto makers? They will go out of business entirely? And can someone list the brands that are associate with this problem.

[ryan250]

So whats gonna happen to the american auto makers? They will go out of business entirely? And can someone list the brands that are associate with this problem.

China will most likely buy them for dirt cheap.

[killuminati2]

now wat?

[qdiddy69]

why is this bad news? Should be good news? Unless someone provides sufficient evidence to show that a lack of auto bailout will more than likely lead to a depression, there is no reason for the bailout. And honestly I have a feeling it won't lead to a depression.

Did anyone actually ever claim that a failed U.S auto sector will plummet the economy into depression, other than the auto makers arguing for themselves?

first of all we already are in a depression, it isnt as much as a lack of bailout is killing the economy in the long run, but more about how the news of it is killing the economy now

[effec]

they will go into a structured bankruptcy, not out of business. It's much better this way. Now we can finally get rid of that crappy management, those stupid unions and all that other dead weight.

[ryan250]

first of all we already are in a depression, it isnt as much as a lack of bailout is killing the economy in the long run, but more about how the news of it is killing the economy now

first off we are NOT in a depression.

second, this bill not passing is the best news the american people have heard in months.

[shoobey]

first of all we already are in a depression, it isnt as much as a lack of bailout is killing the economy in the long run, but more about how the news of it is killing the economy now

are you sure it's a depression now, and not a recession? I'm talking about leading is into pre WW2 type depression. If that's not gonna happen, let em fail

[zildjian_4]

well...if america bailed out the auto companies, itd send them into depression pretty quick. now, gm is gone(or will be i mean) and foreign automakers take over...=america is no longer #1...more like...7, 8, maybe 11 or 12 lol...cuz without that there really isnt too much left IMO

[shoobey]

first off we are NOT in a depression.

second, this bill not passing is the best news the american people have heard in months.

yea, depression is when like 70% of the population is unemployed, obviously not the case now, just a bad recession.

[username987654321]

Mexico is going to have to build a HUUUGE a$$$$$ wall to keep all the americans from coming into it and taking our yobs.

I think canada should do the same.

[ryan250]

well...if america bailed out the auto companies, itd send them into depression pretty quick. now, gm is gone(or will be i mean) and foreign automakers take over...=america is no longer #1...more like...7, 8, maybe 11 or 12 lol...cuz without that there really isnt too much left IMO

As far as America being number 1, we haven't been for some time now. Military, perhaps. That's about all we have going for us. Big deal though.

[qdiddy69]

first off we are NOT in a depression.

second, this bill not passing is the best news the american people have heard in months.

why dont u pay attention to the stock market as soon as news like this comes out, poeple act like a bunch of retarded crackheads and freak out when they hear anything that could be bad news, and if you know anything about the economy its that if poeple are freaking out then were hurting

i am not saying that the bailout would of been a good thing but i am saying that the news of the bailout should of never been made public because all its doing is killing the stock market

[jvinci]

yea, depression is when like 70% of the population is unemployed, obviously not the case now, just a bad recession.

LOL 70% unemployed!?!?!?



i think the unemployment rate during the great depression was like 25-30%

[TrippyChip]

I know i'm from canada, and to you americans, that makes me dumber, but im getting tired of ppl calling this a depression. It isnt yet. Go look at the numbers from the dirty 30's, unemployment rate, amount of failed banks, etc.

I honestly think american car manufacturers have dug themselves into this giant hole, and they should be the one to suffer because of it. I know thats harsh but it was dumb move after dumb move for these guys.

[gswarrior510]

yea, depression is when like 70% of the population is unemployed, obviously not the case now, just a bad recession.

*facepalm* Great depression-a depression is a severe economic downturn that lasts several years. It has nothing to do with unemployment, and never in history there was a 70% unemployment and will never be

[ryan250]

why dont u pay attention to the stock market as soon as news like this comes out, poeple act like a bunch of retarded crackheads and freak out when they hear anything that could be bad news, and if you know anything about the economy its that if poeple are freaking out then were hurting

I never said they weren't hurting. And expect the market to drop -400+ points tomorrow.

There is no logical reason to bail out ANY of these companies, ESPECIALLY the automakers. 14 BILLION, whoopdie doo.

8.4 TRILLION so far

The damage has already been done.

[paleozoic]

maybe this will be a wakeup call to the auto industry and they will stop hiring union workers to sweep the floor for $80k a year...

unions are killing the schools, they are killing the auto industy, they nearly killed the airlines until the unions accepted concessions that they did not want including paycuts and they are killing other areas like public transportation... every year the freaking MTA in ny city raises rates because its "losing money" yet every 3 years you hear them "reaching a new deal with the unions" to avoid a strike...

say goodbye to unions, not to america...

[Daegus]

More doomsday talk. It'll never end.

If GM and Chrysler go under, the other companies will pick up the slack to try and obtain more share of the market. The only ones really losing out would be Detroit.

i think the unemployment rate during the great depression was like 25-30%

No. There's a lot of conflicting data, but is was closer to 15-20%