Detroit Comes Begging ....

[TheBrutalTruth]

How about making the taxpayer a shareholder in GM, or any corporations that get bailouts? I'm sure there would be a way to divide it up, and that task would create jobs in itself. If you accept bail out monies, you must open a stock account issuing shares in the amount of taxpayers. If there are 200 million taxpayers and you get 2 billion, each share would be worth 10 bucks. Each person that pays taxes, or at least files gets 1 share for each 2 billion bucks loaned, 2 hundred billion bucks loaned, each shareholder gets a hundred shares. Sounds fair to me. Of course these shares would have to be held a reasonable time, say 3 years, before you could cash them in. So if the shares started out at 10 bucks and grew to 40-60 bucks, a taxpayer could end up with a tidy little sum. If the company went under, the taxpayer would be no worse off than if this program had never been created. What say you?

I agree with you Medman. If we bail them out, instead of the Federal Government keeping the shares the shares should be distributed to the taxpayers, at least those that actually pay net taxes instead of getting a handout.

Could divided the shares equally, so that regardless of how much or how little a person pays in taxes (as long as they pay some amount) they get the same number of shares.

 

[ViRedd]

I agree with you Medman. If we bail them out, instead of the Federal Government keeping the shares the shares should be distributed to the taxpayers, at least those that actually pay net taxes instead of getting a handout.

Could divided the shares equally, so that regardless of how much or how little a person pays in taxes (as long as they pay some amount) they get the same number of shares.

It would never work, TBT. Can't you just hear the uber-left screaming to the Heavens that "This is a tax break for the rich?"

So, unless you guys can come up with a scheme that also gives shares to those who pay no taxes, it will be known as "The Bush Share Distribution."

Vi

 

[Dankdude]

Why not let GM Fail, The world didn't end when American Motors went under. The world won't end if GM goes under.
I say it's their own fault anyway, when the Gas prices were through the roof they kept cranking out Full sized trucks and SUVs and no small cars and light trucks.

Why in the hell do we need bug gas guzzlers anyway.

 

[mexiblunt]

Bring on the electric cars! If they wont make em someone will.

 

[tipsgnob]

I live close to 2 auto plants, nissan and the GM traverse plant. I know people that work at factories, one is union the other non-onion. their pay, insurance/retirement fund is the same. nissan offers more perks, but other than that...so why can't GM do what nissan is doing...what is the difference?

 

[medicineman]

I live close to 2 auto plants, nissan and the GM traverse plant. I know people that work at factories, one is union the other non-onion. their pay, insurance/retirement fund is the same. nissan offers more perks, but other than that...so why can't GM do what nissan is doing...what is the difference?

The deal is tips, without the unions, neither of these factories would be paying living wages. The reason Nissan pays the union wages is for one, Japanese don't like to "lose face" and paying less than the competition would be "losing face", the reason I know these things is my son worked in Japan for 10 years. The Japanese see the workers as an integral part of the corporation, not as pawns to be exploited like American corporations do. If we would institute a Japanese type of corporate structure, the employees and management would work hand in hand with little apprehension. Japanese employees are the most loyal in the world, and the corporations treat them as humans. When you get hired in Japan, It is usually for life.

 

[TheBrutalTruth]

Why not let GM Fail, The world didn't end when American Motors went under. The world won't end if GM goes under.
I say it's their own fault anyway, when the Gas prices were through the roof they kept cranking out Full sized trucks and SUVs and no small cars and light trucks.

Why in the hell do we need bug gas guzzlers anyway.

I originally asked the same thing, but I in the end did some research.

http://gmfactsandfiction.com/wp-content/uploads/2008/11/support20for20the20auto20industry20is20in20america20111308.pdf

Bloomberg.com: Worldwide

Just in that alone, there's enough justification for it.

First, there's nearly 5 Million Jobs on the line, and unless you are a Stalinist POS, that's more than just a damn statistic.

The second link refers to a Bloomberg Article that provides a conservative estimate of not bailing out GM costing us $200 Billion +.

Though the real loss probably ramps up to $1 Trillion after the economic movement of the wages that are paid by GM, and their suppliers, and their suppliers suppliers, and their suppliers suppliers suppliers are included. Don't forget the retail sector in those areas, which will take a hit, because the people in those areas wont have jobs. And the restaurants, and the entertainment providers. Then the insurance providers of the GM Employees, and all the employees of the suppliers, and so on and so forth.

No, in the end it is way cheaper to bail out GM then to not bail out GM.

As far as gas guzzlers, perhaps you should open your mind, because GM has been moving away from producing gas guzzlers, and even foreign cars can guzzle gas.

Actually, I'd say foreign cars are the worst gas guzzlers. Know of any one that has one of those 8 mpg Lamborghinis? or what about a 12 mpg Ferrari?

Then there is the fact that the Unions have acted intelligently and agreed to wage cuts, I remember reading news stories about how new employees were starting at $14/hr instead of $22 - $24/hr. So it's not like the unions haven't shown that they understand that if GM, Ford and Chrysler go under they will be SoL.

 

[TheBrutalTruth]

It would never work, TBT. Can't you just hear the uber-left screaming to the Heavens that "This is a tax break for the rich?"

So, unless you guys can come up with a scheme that also gives shares to those who pay no taxes, it will be known as "The Bush Share Distribution."

Vi

Yeah, I know it would never work, too many net tax eaters that don't understand that the reason why they don't get tax cuts, is because they don't pay any taxes.