# GM bankrupt!!??? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [October 8, 2008, 9:51pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161 "2008-10-08T21:51:41Z")\ **Posts on this page:** 20\ **Page:** 17
**Author:** ![MOBOOST4U](https://avatars.discourse-cdn.com/v4/letter/m/f4b2a3/32.png) [@MOBOOST4U](https://forums.speedlife.net/u/MOBOOST4U)\ **Post date:** [December 10, 2008, 12:30pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/321 "2008-12-10T12:30:34Z")
> [@Onyx Z32](#): > > Too many people are waisting time talking about the quality of American cars vs. the rest. > > The issue here is bad management decisions and labor costs. Seriously… We have established 5416654561 times by now that GM somewhat got their build quality together but it is already too late. This is a management issue. Hell, I hate American cars but id consider buying a cobalt as a DD (if I was in the market) if they were priced like they should be. ---
**Author:** ![system](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/2X/b/b7170c8eddc0b95ece6b88172b2f416a08489a45.png) [@system](https://forums.speedlife.net/u/system)\ **Post date:** [December 11, 2008, 5:56am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/322 "2008-12-11T05:56:22Z")
I assume news has gotten out that late last night a bailout budget was passed for the big 3, $14 billion to start. ---
**Author:** ![Dr.Stevil](https://avatars.discourse-cdn.com/v4/letter/d/da6949/32.png) [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)\ **Post date:** [December 11, 2008, 6:08am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/323 "2008-12-11T06:08:50Z")
> [@Bastinado](#): > > I assume news has gotten out that late last night a bailout budget was passed for the big 3, $14 billion to start. actually, I believe it’s only GM and Dodge… Ford has enough to cover their costs for now ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [December 11, 2008, 6:29am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/324 "2008-12-11T06:29:48Z")
> [@Bastinado](#): > > I assume news has gotten out that late last night a bailout budget was passed for the big 3, $14 billion to start. In the House, not the Senate. They’re not getting anything yet. ---
**Author:** ![bigwoode](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bigwoode/32/5175_2.png) [@bigwoode](https://forums.speedlife.net/u/bigwoode)\ **Post date:** [December 11, 2008, 6:31am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/325 "2008-12-11T06:31:02Z")
^Is that why they are trying to sue that online forum for having the name “Ranger” in it? :lol: ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [December 11, 2008, 7:00am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/326 "2008-12-11T07:00:29Z")
> [@Onyx Z32](#): > > In the House, not the Senate. They’re not getting anything yet. They are going to get the money. Our represenatives are just showboating trying to make it look like they are in our corner. It is a bunch of crap, they were getting the money from day one. ---
**Author:** ![Dr.Stevil](https://avatars.discourse-cdn.com/v4/letter/d/da6949/32.png) [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)\ **Post date:** [December 11, 2008, 7:10am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/327 "2008-12-11T07:10:14Z")
> [@Blue Eyed Devil](#): > > They are going to get the money. Our represenatives are just showboating trying to make it look like they are in our corner. It is a bunch of crap, they were getting the money from day one. true speaking of which, I find it really sad that they bailed these banks out, pretty much over night without so much as a second thought, yet give (or claim to) the auto companies a hard time. Especially since the banks fucked a shit load more people over than the auto industry ever has. Why aren’t we prosecuting these people? (our government officials AND the corporate jagoffs on wallstreet) I wonder why that is :tinfoilhat: ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [December 11, 2008, 7:16am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/328 "2008-12-11T07:16:19Z")
Steve you agreed with me and put a tinfoil hat on yourself in the same thread? You are doomed on NYSPEED! The mobs will be coming after you too! lol They are clearly trying to “teach the union a lesson” too by stalling. ---
**Author:** ![Dr.Stevil](https://avatars.discourse-cdn.com/v4/letter/d/da6949/32.png) [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)\ **Post date:** [December 11, 2008, 7:24am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/329 "2008-12-11T07:24:35Z")
> [@Blue Eyed Devil](#): > > Steve you agreed with me and put a tinfoil hat on yourself in the same thread? > You are doomed on NYSPEED! The mobs will be coming after you too! lol :lol: > [@Blue Eyed Devil](#): > > They are clearly trying to “teach the union a lesson” too by stalling. lol clearly ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [December 11, 2008, 7:44pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/330 "2008-12-11T19:44:29Z")
Well it looks like they were serious about teaching the union a lesson, no wage cuts = no bailout. ---
**Author:** ![Violator](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/violator/32/7278_2.png) [@Violator](https://forums.speedlife.net/u/Violator)\ **Post date:** [December 11, 2008, 8:08pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/331 "2008-12-11T20:08:35Z")
“Auto bailout talks collapse over union wages” [http://news.yahoo.com/s/ap/20081212/ap\_on\_go\_co/congress\_autos](http://news.yahoo.com/s/ap/20081212/ap_on_go_co/congress_autos) STUPID fucks. Still wont concede when the companies supporting their livelihood are on the chopping block. If Republicans have their way with the Bankruptcy then the fucking unions are DONE. I hope they get fucked in the ass regardless. ---
**Author:** ![rj-92](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/rj-92/32/7310_2.png) [@rj-92](https://forums.speedlife.net/u/rj-92)\ **Post date:** [December 11, 2008, 8:14pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/332 "2008-12-11T20:14:33Z")
Bill was voted down 3 min ago. Only got 52 votes, needed 60. \*sidenote: am i a dork for watching the preceedings live for the last 90 minutes? ---
**Author:** ![Paulo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/paulo/32/7328_2.png) [@Paulo](https://forums.speedlife.net/u/Paulo)\ **Post date:** [December 12, 2008, 7:49am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/333 "2008-12-12T07:49:56Z")
Unbelievable. They would rather get their normal wages for another 2 years, instead of actually helping to keep their companies afloat by taking wage cuts now. Is this a joke? Am I missing something here? When the companies actually do hit bankruptcy, it will call for a complete restructuring of the company, and those unions will be get the boot. They are going to end up with NOTHING. Fucking retards. ---
**Author:** ![Dr.Stevil](https://avatars.discourse-cdn.com/v4/letter/d/da6949/32.png) [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)\ **Post date:** [December 12, 2008, 7:52am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/334 "2008-12-12T07:52:24Z")
I’m personally glad our politicians made a stand :tup: maybe there is some hope for this shithole afterall ---
**Author:** ![Paulo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/paulo/32/7328_2.png) [@Paulo](https://forums.speedlife.net/u/Paulo)\ **Post date:** [December 12, 2008, 7:57am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/335 "2008-12-12T07:57:24Z")
> [@Dr.Stevil](#): > > I’m personally glad our politicians made a stand :tup: maybe there is some hope for this shithole afterall Yeah that’s definitely a good thing. But what the fuck is going through the minds of the Union officials? ---
**Author:** ![Dr.Stevil](https://avatars.discourse-cdn.com/v4/letter/d/da6949/32.png) [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)\ **Post date:** [December 12, 2008, 8:03am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/336 "2008-12-12T08:03:24Z")
who knows… I’m sure they’ll cave. They’re just holding out for every last dime they can get from the deal either that or pass a bill banning unionized labor (at least in the auto industry) :tup: that would be fucking awesome ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [December 12, 2008, 8:04am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/337 "2008-12-12T08:04:42Z")
^No more laws, just let the market decide. ---
**Author:** ![Dr.Stevil](https://avatars.discourse-cdn.com/v4/letter/d/da6949/32.png) [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)\ **Post date:** [December 12, 2008, 8:05am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/338 "2008-12-12T08:05:50Z")
> [@Blue Eyed Devil](#): > > ^No more laws, just let the market decide. as in let them (GM/Ford) go under? ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [December 12, 2008, 8:07am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/339 "2008-12-12T08:07:51Z")
Whatever. ---
**Author:** ![Dr.Stevil](https://avatars.discourse-cdn.com/v4/letter/d/da6949/32.png) [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)\ **Post date:** [December 12, 2008, 8:11am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/340 "2008-12-12T08:11:21Z")
I don’t know… this issue seems even bigger than the bank bailout. Think about how many people would be out of work as a result. We’ll have that many more people collecting welfare/unemployment, not to mention the lost tax revenue would be pretty huge (and where else are most of these people going to get jobs if the companies cease to exist?). It just seems like something that our economy cannot afford right now… it certainly wont make things better [Previous page](https://forums.speedlife.net/t/gm-bankrupt/56161.md?page=16) [Next page](https://forums.speedlife.net/t/gm-bankrupt/56161.md?page=18)