Versa-Tech Posted November 17, 2008 Share Posted November 17, 2008 Now it's official. I just heard on FNC that several leaders in congress have confirmed that a vote simply will not pass to approve any further bailouts for the Big 3 (or at least until Obama is sworn into office). Say goodbye General Motors as we know it. It was nice knowing yah. Quote Link to comment Share on other sites More sharing options...
atomaro Posted November 17, 2008 Share Posted November 17, 2008 :rip: Quote Link to comment Share on other sites More sharing options...
Hemiman Posted November 17, 2008 Share Posted November 17, 2008 :rip: WTF? So a bunch of money changers get $700B, YET AN INDUSTRY THAT ACTUALLY PRODUCES SOMETHING GETS NO HELP?????????????????????????????????????????????????????????????????? Quote Link to comment Share on other sites More sharing options...
atomaro Posted November 17, 2008 Share Posted November 17, 2008 Thats the thanks you get for building all the equipment during WW2 Quote Link to comment Share on other sites More sharing options...
chiefstang Posted November 17, 2008 Share Posted November 17, 2008 Any confirmation on this? :reading: Quote Link to comment Share on other sites More sharing options...
jpd80 Posted November 17, 2008 Share Posted November 17, 2008 (edited) This sounds like survival of the fittest and no doubt suppliers are extremely nervous at this prospect. GM's suppliers should be all talking to Ford and Toyota about ramping up orders to transition from GM. Could this be Republican grandstanding ahead of a magnanamous offer to save the industry. Edited November 17, 2008 by jpd80 Quote Link to comment Share on other sites More sharing options...
Deanh Posted November 17, 2008 Share Posted November 17, 2008 from what I understand they are still in talks, so I take this with a grain of salt.....may be posturing... Quote Link to comment Share on other sites More sharing options...
Versa-Tech Posted November 17, 2008 Author Share Posted November 17, 2008 Any confirmation on this? :reading: I'm not sure there's been time yet. Shepard Smith said they had just heard, by word of mouth, that there simply are not enough votes to pass a bill. This comes straight from the top leaders of the senate and the house. Story broke a minute or so before I wrote this topic. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted November 17, 2008 Share Posted November 17, 2008 (edited) This from bloomberg Bush Administration Said to Not Seek Remaining Bailout Funds By Alison Vekshin Nov. 17 (Bloomberg) -- The Bush administration will not seek the $350 billion remaining as part of the $700 billion financial-rescue package, leaving it to the next administration to request the funds, a person familiar with the matter said. With weeks remaining in the Bush term, the Treasury Department will defer to President-elect Barack Obama to request the funds after he takes office on Jan. 20, the person said. This is a neat way of Bush administration avoiding debate on whether car makers should access funding. Throw it on the next administration's head. This doesn't bode well for GM but Ford will squeek through. Most likely if GM fails, Ford and Toyota may not see any increase next year due to slowing sales, in that case GM's market share would probably disappear completely along with half of US suppliers. I dont like the sound of that - not at all!! Edited November 17, 2008 by jpd80 Quote Link to comment Share on other sites More sharing options...
Deanh Posted November 17, 2008 Share Posted November 17, 2008 I'm not sure there's been time yet. Shepard Smith said they had just heard, by word of mouth, that there simply are not enough votes to pass a bill. This comes straight from the top leaders of the senate and the house. Story broke a minute or so before I wrote this topic. The Republican party is the stick in the cogs apparently....I just see this as a delay till Obama takes office.....the ramifications are stupendous....then again it is the republicans..... Quote Link to comment Share on other sites More sharing options...
Ron W. Posted November 17, 2008 Share Posted November 17, 2008 .....may be posturing... Or waiting for the pork (earmarks) to be added. Quote Link to comment Share on other sites More sharing options...
Versa-Tech Posted November 17, 2008 Author Share Posted November 17, 2008 The Republican party is the stick in the cogs apparently....I just see this as a delay till Obama takes office.....the ramifications are stupendous....then again it is the republicans..... I agree. It appears that aside from debates going on between reps and dems, the republican party is clashing internally as well. Quote Link to comment Share on other sites More sharing options...
Deanh Posted November 17, 2008 Share Posted November 17, 2008 I agree. It appears that aside from debates going on between reps and dems, the republican party is clashing internally as well. they're just pi$$ed their guy lost...pure spite, LOL! the more shite they can put on Obamas table the better it seems.....I'm sure there is no simple answer, but they HAVE to hash it out with a VIABLE answer...hell, one black mark is Chrysler just paid its big wigs a $30mill bonus...tell me that doesn't seem out and out wrong!............ Quote Link to comment Share on other sites More sharing options...
Versa-Tech Posted November 17, 2008 Author Share Posted November 17, 2008 they're just pi$$ed their guy lost...pure spite, LOL! the more shite they can put on Obamas table the better it seems.....I'm sure there is no simple answer, but they HAVE to hash it out with a VIABLE answer...hell, one black mark is Chrysler just paid its big wigs a $30mill bonus...tell me that doesn't seem out and out wrong!............ Indeed. Chrysler makes me sick these days. They have no right to ask for any money. Hell, they already have it available. Quote Link to comment Share on other sites More sharing options...
jasonj80 Posted November 17, 2008 Share Posted November 17, 2008 I agree. It appears that aside from debates going on between reps and dems, the republican party is clashing internally as well. So is the Democratic Party, Look at the Waxman / Dingell battle that is unfolding. Quote Link to comment Share on other sites More sharing options...
Versa-Tech Posted November 17, 2008 Author Share Posted November 17, 2008 Great discussion about this on FNC right now with Neil Cavuto. Quote Link to comment Share on other sites More sharing options...
Deanh Posted November 17, 2008 Share Posted November 17, 2008 Great discussion about this on FNC right now with Neil Cavuto. more armchair experts with ZERO input to the conclusion..... Quote Link to comment Share on other sites More sharing options...
probeGT Posted November 17, 2008 Share Posted November 17, 2008 Great discussion about this on FNC right now with Neil Cavuto. Has anyone ever uttered the words "great discussion" and "Neil Cavuto" in the same sentence before? Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted November 17, 2008 Share Posted November 17, 2008 Has anyone ever uttered the words "great discussion" and "Neil Cavuto" in the same sentence before? Cavuto seems like a nice enough guy, but his show is usually a lot of feel-good fluff with little substance. Quote Link to comment Share on other sites More sharing options...
Versa-Tech Posted November 17, 2008 Author Share Posted November 17, 2008 (edited) Cavuto seems like a nice enough guy, but his show is usually a lot of feel-good fluff with little substance. I like him. More often than not, he is better informed than the experts that he interviews. Edited November 17, 2008 by Versa-Tech Quote Link to comment Share on other sites More sharing options...
ironhorse Posted November 17, 2008 Share Posted November 17, 2008 The stock traders and stockholder value crowd is what devestated this market and economy....they all suck. Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted November 17, 2008 Share Posted November 17, 2008 I like him. More often times than not, he is better informed than the experts that he interviews. His stuff on Fox Business channel is much better than "Your World" on FNC, which seems to appeal to the lowest-common-denominator a bit too much. I don't catch him much anymore though over the past few years now that I work later. Quote Link to comment Share on other sites More sharing options...
Versa-Tech Posted November 17, 2008 Author Share Posted November 17, 2008 His stuff on Fox Business channel is much better than "Your World" on FNC, which seems to appeal to the lowest-common-denominator a bit too much. I don't catch him much anymore though over the past few years now that I work later. True, but I honestly can't watch FBC for more than 15 minutes without a fix... Quote Link to comment Share on other sites More sharing options...
mettech Posted November 17, 2008 Share Posted November 17, 2008 The stock traders and stockholder value crowd is what devestated this market and economy....they all suck. You have no stock investments? :shades: Quote Link to comment Share on other sites More sharing options...
Versa-Tech Posted November 17, 2008 Author Share Posted November 17, 2008 You have no stock investments? :shades: I sure as hell don't. All of my money is in precious resources and patents. Quote Link to comment Share on other sites More sharing options...
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