cacoPremium
join:2005-03-10
Whittier, AK | reply to nosx
Re: Bailout? I'm sorry but both the above post have absolutely nothing to do with topic. Bailing out auto industry? Name an american car company that the US government has bailed out? |
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 SteveConIBEW 2222 Boston, MAPremium
join:2004-09-02
Boston, MA | umm.. Chrysler comes to mind. |
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DannyZGentoo FanboyPremium
join:2003-01-29 | reply to caco
Um Chrysler? |
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| reply to SteveCon
BINGO!!!
Will GM be next?  |
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Reviews:
 ·DSL EXTREME
| reply to caco
said by caco:I'm sorry but both the above post have absolutely nothing to do with topic. Bailing out auto industry? Name an American car company that the US government has bailed out? American Motors Corp. wasn't bailed out, When they asked for the same type of help that Chrysler got from Congress, Congress said no.
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Joker3: 1-270 cpu @ 2.40GHz[K8N-DL]v1.03, Bios 1007
(10.10GHz crunchin 4 SETI w/the PC Perspective Killer Frogs) |
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cacoPremium
join:2005-03-10
Whittier, AK | reply to SteveCon
Chrysler and ?. The previous poster made it seemed like the entire american auto industry was bailed out by government.
Bailout or loan?
"In desperation, the Chrysler Corporation on September 7, 1979 petitioned the United States government for US$1 billion in loan guarantees to avoid bankruptcy. At the same time, Lee Iacocca, a former Ford executive, was brought in to take the position of CEO, and proved a capable public spokesman for the firm. A somewhat reluctant Congress passed the "Chrysler Corporation Loan Guarantee Act of 1979" (Public Law 96-185) on December 20, 1979 (signed into law by President Jimmy Carter on January 7, 1980), prodded by Chrysler workers and dealers in every congressional district who feared the loss of their livelihoods. With such help and a few innovative cars (such as the K-car platform), especially the invention of the minivan concept, a market where Chrysler brands are still important, Chrysler avoided bankruptcy and slowly fought its way back. By the early 1980s, the loans were being repaid at a brisk pace and new models based on the K-car platform were selling well."
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"Give me your tired, your poor,Your huddled masses yearning to breathe free,The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!"
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cacoPremium
join:2005-03-10
Whittier, AK | reply to moonpuppy
You talking about GM, the healthcare company right?  |
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| Only if my next car comes from an HMO.  |
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| reply to caco
Sorry if I confused you-But I meant the "head in the sand" phrase to be the main point. |
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| reply to moonpuppy
Do I get a trunkload of Viagra with that new car? |
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 wcweaverPremium
join:2002-02-22
Fort Myers, FL
 ·voip.ms
·Future Nine Corp..
 ·Comcast
·Embarq Now Centu..
| reply to caco
We are already bailing out most of them anyway and a lot more with ERISA or the Employee Retirement Income Security Act. The government (meaning us} is responsilble for their pension plans.
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| reply to cableties
I better. |
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