Comments on: GM: Bankruptcy delay “fatal” to suppliers

By: lemonade

lemonade — Sun, 28 Jun 2009 04:09:06 +0000

I’m with leftwing on this one.

By: mayer_ray_nagin

mayer_ray_nagin — Fri, 26 Jun 2009 19:25:58 +0000

LWA you speak as if the ONLY option was for the companies to be stolen and handed to the UAW and feds. Plenty of companies go thru bankruptcy and dont need to be stolen by the federal government and doled out to political constituents, so you are wrong yet again. You need to open your eyes and quit defending these DC idiots.

If politicians ever do something right and efficiently I’ll applaud them, but there is not one significant thing the federal government has done both right and efficiently – hell, there are very VERY few things they have ever done right, but leftwingers goosestep right along shouting mantras that would give kim jong il, obama, and hitler all hard-ons.

By: leftwingagenda

leftwingagenda — Fri, 26 Jun 2009 18:22:55 +0000

i’ll reiterate this point, since folks like mayer will mis-characterize me as “pro-government” in future posts, i think the path we’re on is the lesser of two evils…this situation is not a good thing, or progress, it’s essentially damage control…i don’t like that gm and chrysler are majority owned by the government and unions, that doesn’t make me happy…but i really don’t like the alternative and i think that scenario would be worse…

By: leftwingagenda

leftwingagenda — Fri, 26 Jun 2009 18:16:42 +0000

jake, you think letting all these companies fail and millions more jobs disappear right now will work out better? really? that’s what you’re saying?

i get the fact that the government is more involved than it was a year ago, that’s pretty obvious, and many people have crafted many posts preaching about how the government involvement is bad…however, those same people gloss over what the consequence of letting these companies fail will be…

so i think folks that post about this should come clean…it’s ok to bitch about the government being involved if you’re willing to accept the economic consequences, which are huge…but nobody seems willing to man up and say “yes, we would be better off having millions of fewer jobs and dozens of additional companies bankrupt right now”…

so until then, i’ll keep pointing out that while government involvement is not a good thing, it’s the lesser evil compared to letting all those companies implode…

By: Borat

Borat — Fri, 26 Jun 2009 18:02:13 +0000

The reason Fritz in pooping his pants is that 10-15 years ago there were no suppliers industry. Delco was part of GM. Then brilliant minds decided to move stock price upward by dividing company into manufacturing assembly part and components part. Guess what? it worked then. The reality is that you can’t assemble without components. Since Fritz spend his life at GM he was the part of the first problem (Delco extraction from GM) and he knows consequences all to well. Let’s be real – mother Theresa he isn’t.

By: Long Dong Auto

Long Dong Auto — Fri, 26 Jun 2009 17:29:00 +0000

Mayer Ray – and the more dependents, the more votes, into a self-perpetuating cycle of destruction. American’s certainly voted for change, they just didn’t realize what kind.
Leftwing – does it really make sense to continue to support an industry that can’t compete and does not produce what people want to buy?

By: JakeK66

JakeK66 — Fri, 26 Jun 2009 15:38:13 +0000

^ Oh and leftwing – what you are preaching of governement ownership is what kept us in the great depression only to be taken out by a World War. Then again, I guess that’s what we are heading into anyway.

By: JakeK66

JakeK66 — Fri, 26 Jun 2009 15:34:20 +0000

Well there should be a surplus of plastic goods from the dismantlement of Michaek Jackson’s body and the enevitable decline og the little boy’s toy market to keep there doors open for a little while longer…

By: leftwingagenda

leftwingagenda — Fri, 26 Jun 2009 15:01:03 +0000

“such a bad move, we should’ve let all these companies go bankrupt so that millions more people would be out of jobs, states would have billions less in tax revenues – making their current budgetary shortfalls even more severe…sure, it would mean gm and chrysler would die, and 15 parts supply companies would die and several thousand dealers would die, and the communities in which these companies reside would see collateral damage as the salary and tax base dries smack in the middle of the worst financial crisis the country has seen in 80 years, but it would make america so much stronger!”

^^^^
the world according to mayer

By: Veda

Veda — Fri, 26 Jun 2009 14:55:27 +0000

Well those suppliers have had made their money in the good years where GM kept losing money by making too many vehicles. Now they want an exit…

By: smfic

smfic — Fri, 26 Jun 2009 14:45:47 +0000

let me help NMOFGm out, must still be sleeping in this morning after a hard night of, well, let’s be honest, nothing.
“This is great news. Just proves how well the planning for the NEW GM went. Praise be upon the magnificent One. GM’s suppliers love working with GM as evidenced by their single, totally dominant customer base and completely undiversied revenue base. If this was BMW or any of those Jap car companies, you know those stupidass foreign companies who treat their suppliers as partners and encourage them to have a broader revenue stream, as opposed to battered wives to beat on for every last nickel of savings, the suppliers wouldn’t care as much. Now go out and buy GM’s latest piece of crap, its only patriotic. The Volt will save GM, rescue kittens from trees, and fold your laundry using no gas for the first 40 miles.
Now, gotta go, excuse me while I take my Pontiac Aztek in for its 3rd set of brakes and rotors this year.’

By: johnnycanuck

johnnycanuck — Fri, 26 Jun 2009 14:38:22 +0000

Wat to go Fritz. You get the Good Samaritan of the year award. Pity no one else at GM expressed this sense of urgency say, I don’t know, 2, 5, 10, 20, 30, 40 years ago.

By: mayer_ray_nagin

mayer_ray_nagin — Fri, 26 Jun 2009 14:14:51 +0000

It’s all good because it will increase government dependency and that is the leftwing agenda.