It's getting ugly out there.....

[Old'n'Slow]

http://www.nytimes.com/2008/11/19/business/economy/19ports.html?em

And on to the Big Three dilemma.....

[kronus]

in during politics thread that goes nowhere

[ldsbeaker]

yikes.

[Old'n'Slow]

in during politics thread that goes nowhere

Didn't read the article, didja?

[shiftbmw]

I rarely say this but there are two good sides to the argument for bailing out GM...

You can't give everyone a trophy just for playing though...I'd say let them fall. It will suck for a while, but in then end we will be better for it.

[jtb_29]

That's nuts...

[Ral]

I rarely say this but there are two good sides to the argument for bailing out GM...

You can't give everyone a trophy just for playing though...I'd say let them fall. It will suck for a while, but in then end we will be better for it.

I agree. I have mixed thoughts on the bailout of the financial institutions, but the case can be made that nearly all other businesses are dependent on them to function. They're the enablers that allow business to happen. So, it would make a bit more sense to help them out, to shore up the fundamental building block of the economy (Credit). However, bailing out the Big 3 sets a dangerous precedent, and as important as they are I can't justify bailing them out after ignoring calls for higher-quality cars through the years.

I hope that made sense, It's been a really long day.

[E30Idea]

WOW, I will take a free mercedez!

[Money$hit]

I wish we would have let the banks fail, and if the auto industry failed, let it go too.

[joshh]

I've noticed cars from 1k-4k have been selling quite well. People are trying to get out of their car payments.

[StereoInstaller1]

Da repo manz getting busy

[Money$hit]

I work at a bank, and so many people are behind on payments that its nuts. Ive handled an influx of calls where I just send them to the collections dept.

[Erick]

Thank goodness I work for Honda. And although it's not a great economy, we seem the ones to be doing OK.

[regnu]

Think SLR's will get down in to the 20K range?



here is to hoping :D

[Massive Lee]

Everyone is currently scared and keeps their money for the future, which affects their consumption and cuts jobs down the chain. In a society where the economy is based on consumption, cutting or reducing it has bad effects. As soon as people will realize it is not that bad, they will start buying again and that will make the ball rolling. Too bad that the current problems have been caused at a much higher level by pretty loose management. Both in Wall street and Detroit. How long will it take for American to gain confidence and spend again? I don'T know. 6 months, a year. And to resume to business as usual will probably take 5 years. Hopefully lessons will be learned.

My understanding of the big three requesting $50 billion is that they haven't yet been granted the support, and have been questioned about their lavish lifestyle and pay premiums in current hard times...