50 billion dollar bailout !!!
SCREW OBAMA.. NO BAIL OUT FOR GM VERY BAD FOR U.S.A PERIOD..
ALL HE WANTS IS TO PAY OFF UAW FOR ELECTION..
GM NEED TO GO BANKRUPT POORLY RUN COMPANY BAD DEBT NEEDS TO RESTRUCTURE LIKE ALL OF WALL STREET..
CHRYSTLER JUST SAID THEY HAVE A PLAN TO GO IT ALONE!!
Apex - now THAT ( the u tube link) was funny!!! ROFLMAO!!!!
On a more sirius note - it is my underastanding that if the co ever went BR that we (shareholders) would get nothing -- right? Wrong? Newbie here!
Last edited by RickF; 11-13-2008 at 02:02 PM.
you and I both know we need a auto bailout. nobody buying cars , nobody buying SiriusXM.
HOW THE HELL IS SIRIUS GOING TO GET ANYTHING OUT OF A BAILOUT
IF YOU DO YOUR HOME WORK THE BAILOUT IS MAINLY FOR UAW PENSIONS!!
AND TO COVER BURN RATE AT GM .. HAS NOTHING TO DO WITH PAYING DEBT BUILDING CARS AND WOULD NOT HELP OEM RATE
THE OEM RATE IS AFFECTED BY CAR SALES WITH RADIO BUILT IN
NEW FLASH NOBODY IS BUYING BECAUSE THERE IS NO CREDIT.. GOD DAMN PEOPLE READ WILL YA..
LISTEN TO THIS AND LEARN WHAT THE BAILOUT IS FOR.. PAY OFF UNION WORKERS AND HEALTH BENES
http://cosmos.bcst.yahoo.com/up/play...26720&src=news
IT AINT HELPING US
Apex: The beauty of a bailout is that it allows a company to put it's money to work in different places.
Let's say that I told you I was going to bail you out, and pay off your mortgage. While it would be true that I am only bailing out your mortgage, it still allows you to put the money that you WERE paying for your mortgage and reallocate it to a vacation for your family or paying off a credit card, or buying clothes for the kids, or whatever.
It is the same way with the autocompanies. Sure, they want the money to throw at the UAW, but that is money that GM will no longer have to pay out, and they can put the money into developing more fuel efficient cars that consumers will buy, or upgrade facilities to produce cars cheaper or more efficently, or to put towards GMAC, their financing wing, in order for money money to be used for auto loans.
A bailout will help, regardless of where it is paid to.
Homer, tell me if I am reading the report right:
438,820 - Cash on hand at beginning of period
79,163 - Cash Burn
359,657 - Cash on hand at end of period
Those numbers right?
.. GOD DAMN PEOPLE READ WILL YA..[/QUOTE]
lol !! I can't read ! but if you can't build cars , you can't install radios. when you layoff workers , you build less cars , right ? soooo , less satellite options. all in all , I hope you favor the bailout , I wouldn't want anybody losing their jobs or wish it upon them. and you are sooo not "gellin"
have a beer on me today