Comments on: Bailout Watch 125: U.S. Treasury Dept. Could Allocate $5b to GM-Chrysler This Week http://www.thetruthaboutcars.com/bailout-watch-125-us-treasury-dept-could-allocate-5b-to-gm-chrysler-this-week/ The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Sun, 22 Nov 2009 07:54:01 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: JK43123 http://www.thetruthaboutcars.com/bailout-watch-125-us-treasury-dept-could-allocate-5b-to-gm-chrysler-this-week/comment-page-1/#comment-895201 JK43123 Tue, 28 Oct 2008 14:40:55 +0000 http://www.thetruthaboutcars.com/?p=127531#comment-895201 <em>Or our Cadillac which cost us more in repairs each month than the car payment was. AND IT HAD A WARRANTY!</em> Her Buick had a 36k warranty...started falling apart, literally, at 36,100 miles. John Or our Cadillac which cost us more in repairs each month than the car payment was. AND IT HAD A WARRANTY!

Her Buick had a 36k warranty…started falling apart, literally, at 36,100 miles.

John

]]> By: Redbarchetta http://www.thetruthaboutcars.com/bailout-watch-125-us-treasury-dept-could-allocate-5b-to-gm-chrysler-this-week/comment-page-1/#comment-894861 Redbarchetta Tue, 28 Oct 2008 13:54:04 +0000 http://www.thetruthaboutcars.com/?p=127531#comment-894861 <em>Spending 5 billion in a vain attempt to fix something worth 3 billion is, on a much larger scale, the experience my dad had owning GM cars. I about fell off my chair laughing! Thanks for a laugh. So you’re familiar with my wife’s POS Buick?</em> Or our Cadillac which cost us more in repairs each month than the car payment was. AND IT HAD A WARRANTY! Spending 5 billion in a vain attempt to fix something worth 3 billion is, on a much larger scale, the experience my dad had owning GM cars.

I about fell off my chair laughing! Thanks for a laugh. So you’re familiar with my wife’s POS Buick?

Or our Cadillac which cost us more in repairs each month than the car payment was. AND IT HAD A WARRANTY!

]]> By: JK43123 http://www.thetruthaboutcars.com/bailout-watch-125-us-treasury-dept-could-allocate-5b-to-gm-chrysler-this-week/comment-page-1/#comment-894771 JK43123 Tue, 28 Oct 2008 13:21:00 +0000 http://www.thetruthaboutcars.com/?p=127531#comment-894771 <em>Spending 5 billion in a vain attempt to fix something worth 3 billion is, on a much larger scale, the experience my dad had owning GM cars.</em> I about fell off my chair laughing! Thanks for a laugh. So you're familiar with my wife's POS Buick? John Spending 5 billion in a vain attempt to fix something worth 3 billion is, on a much larger scale, the experience my dad had owning GM cars.

I about fell off my chair laughing! Thanks for a laugh. So you’re familiar with my wife’s POS Buick?

John

]]> By: windswords http://www.thetruthaboutcars.com/bailout-watch-125-us-treasury-dept-could-allocate-5b-to-gm-chrysler-this-week/comment-page-1/#comment-894631 windswords Tue, 28 Oct 2008 12:52:38 +0000 http://www.thetruthaboutcars.com/?p=127531#comment-894631 John Horner: "Isn’t there some way we can accelerate the process and kick the current administration to the curb on November 5th once we have a new President Elect?" John, John, John, your argument is that a new administration (I'm assuming Obama) won't do what the current administration is doing. That's right - they will do more of exactly what you do not want them to do, which is had over your money to Detroit to piss away. If The ONE is elected, you should hope that they delay the inaugeration as long as possible. John Horner:

“Isn’t there some way we can accelerate the process and kick the current administration to the curb on November 5th once we have a new President Elect?”

John, John, John, your argument is that a new administration (I’m assuming Obama) won’t do what the current administration is doing. That’s right – they will do more of exactly what you do not want them to do, which is had over your money to Detroit to piss away. If The ONE is elected, you should hope that they delay the inaugeration as long as possible.

]]> By: Orian http://www.thetruthaboutcars.com/bailout-watch-125-us-treasury-dept-could-allocate-5b-to-gm-chrysler-this-week/comment-page-1/#comment-894501 Orian Tue, 28 Oct 2008 12:20:24 +0000 http://www.thetruthaboutcars.com/?p=127531#comment-894501 But never you worry! The same party that has the white house still controls one house and is dead even with the other party in the second contrary to popular belief. This is exactly why it is a bad idea to have one party controlling all parts of the government. But never you worry! The same party that has the white house still controls one house and is dead even with the other party in the second contrary to popular belief.

This is exactly why it is a bad idea to have one party controlling all parts of the government.

]]> By: 50merc http://www.thetruthaboutcars.com/bailout-watch-125-us-treasury-dept-could-allocate-5b-to-gm-chrysler-this-week/comment-page-1/#comment-893821 50merc Tue, 28 Oct 2008 01:53:14 +0000 http://www.thetruthaboutcars.com/?p=127531#comment-893821 tulsa_97sr5: "So are we officially down to one branch of government now? The executive branch seems to have consolidated power quite nicely" Nope, this conforms to Constitution Article 1, Section 9. Indeed, Congress was more eager to help Detroit than was the Administration. As the Reuters article says, the "White House has long been cool to any straight bailout of the auto industry ... Industry supporters inside and outside of government have mounted a furious lobbying campaign to tie the health of automakers to the needs of the general U.S. economy. ... Key congressional lawmakers have also pressured Treasury to use all of its tools to free up liquidity." Everybody in the pool! tulsa_97sr5: “So are we officially down to one branch of government now? The executive branch seems to have consolidated power quite nicely”

Nope, this conforms to Constitution Article 1, Section 9.

Indeed, Congress was more eager to help Detroit than was the Administration. As the Reuters article says, the “White House has long been cool to any straight bailout of the auto industry … Industry supporters inside and outside of government have mounted a furious lobbying campaign to tie the health of automakers to the needs of the general U.S. economy. … Key congressional lawmakers have also pressured Treasury to use all of its tools to free up liquidity.”

Everybody in the pool!

]]> By: tulsa_97sr5 http://www.thetruthaboutcars.com/bailout-watch-125-us-treasury-dept-could-allocate-5b-to-gm-chrysler-this-week/comment-page-1/#comment-893531 tulsa_97sr5 Tue, 28 Oct 2008 00:29:00 +0000 http://www.thetruthaboutcars.com/?p=127531#comment-893531 So are we officially down to one branch of government now? The executive branch seems to have consolidated power quite nicely, which is truly amazing considering their approval ratings. So are we officially down to one branch of government now? The executive branch seems to have consolidated power quite nicely, which is truly amazing considering their approval ratings.

]]> By: Joe ShpoilShport http://www.thetruthaboutcars.com/bailout-watch-125-us-treasury-dept-could-allocate-5b-to-gm-chrysler-this-week/comment-page-1/#comment-893521 Joe ShpoilShport Tue, 28 Oct 2008 00:18:57 +0000 http://www.thetruthaboutcars.com/?p=127531#comment-893521 Haven't heard anything from Ghosn and Co. lately. I'm thinking he missed his opportunity. The fact that it's been in limbo for a week(?) now suggests that someone (GM/Chrysler) is waiting on someone else (Daddy Warbucks). This is going to be interesting. Haven’t heard anything from Ghosn and Co. lately. I’m thinking he missed his opportunity. The fact that it’s been in limbo for a week(?) now suggests that someone (GM/Chrysler) is waiting on someone else (Daddy Warbucks). This is going to be interesting.

]]> By: Gardiner Westbound http://www.thetruthaboutcars.com/bailout-watch-125-us-treasury-dept-could-allocate-5b-to-gm-chrysler-this-week/comment-page-1/#comment-893221 Gardiner Westbound Mon, 27 Oct 2008 23:07:36 +0000 http://www.thetruthaboutcars.com/?p=127531#comment-893221 BNN reports Treasury Secretary Paulson told GM, "We just loaned you $25-billion. Use that!" BNN reports Treasury Secretary Paulson told GM, “We just loaned you $25-billion. Use that!”

]]> By: indi500fan http://www.thetruthaboutcars.com/bailout-watch-125-us-treasury-dept-could-allocate-5b-to-gm-chrysler-this-week/comment-page-1/#comment-893191 indi500fan Mon, 27 Oct 2008 22:57:12 +0000 http://www.thetruthaboutcars.com/?p=127531#comment-893191 as seen on TTAC......... <strong>“Who’s your Mama, Obama” by rapper 2 Big 2 Fail</strong> as seen on TTAC………

“Who’s your Mama, Obama” by rapper 2 Big 2 Fail

]]> By: John Horner http://www.thetruthaboutcars.com/bailout-watch-125-us-treasury-dept-could-allocate-5b-to-gm-chrysler-this-week/comment-page-1/#comment-893051 John Horner Mon, 27 Oct 2008 22:25:41 +0000 http://www.thetruthaboutcars.com/?p=127531#comment-893051 Isn't there some way we can accelerate the process and kick the current administration to the curb on November 5th once we have a new President Elect? I know it doesn't work that way, but the President and his ~3,000 appointees can't be replaced fast enough. Isn’t there some way we can accelerate the process and kick the current administration to the curb on November 5th once we have a new President Elect?

I know it doesn’t work that way, but the President and his ~3,000 appointees can’t be replaced fast enough.

]]> By: hltguy http://www.thetruthaboutcars.com/bailout-watch-125-us-treasury-dept-could-allocate-5b-to-gm-chrysler-this-week/comment-page-1/#comment-893021 hltguy Mon, 27 Oct 2008 22:05:30 +0000 http://www.thetruthaboutcars.com/?p=127531#comment-893021 Someone correct me if I am wrong (and I don't think I am), where and when has it been announced that top management of GM have taken pay cuts? I presume they continue to rake in millions of dollars in compensation while sucking up taxpayers money. I sincerely hope that all Americans are so disgusted by this, they never buy any vehicle associated with GM, I know I won't. Someone correct me if I am wrong (and I don’t think I am), where and when has it been announced that top management of GM have taken pay cuts? I presume they continue to rake in millions of dollars in compensation while sucking up taxpayers money. I sincerely hope that all Americans are so disgusted by this, they never buy any vehicle associated with GM, I know I won’t.

]]> By: no_slushbox http://www.thetruthaboutcars.com/bailout-watch-125-us-treasury-dept-could-allocate-5b-to-gm-chrysler-this-week/comment-page-1/#comment-892981 no_slushbox Mon, 27 Oct 2008 21:43:32 +0000 http://www.thetruthaboutcars.com/?p=127531#comment-892981 Spending 5 billion in a vain attempt to fix something worth 3 billion is, on a much larger scale, the experience my dad had owning GM cars. Spending 5 billion in a vain attempt to fix something worth 3 billion is, on a much larger scale, the experience my dad had owning GM cars.

]]> By: jkross22 http://www.thetruthaboutcars.com/bailout-watch-125-us-treasury-dept-could-allocate-5b-to-gm-chrysler-this-week/comment-page-1/#comment-892811 jkross22 Mon, 27 Oct 2008 20:43:19 +0000 http://www.thetruthaboutcars.com/?p=127531#comment-892811 They'll need a lot more than $5b after <a href="http://www.marketwatch.com/news/story/moodys-knocks-gms-debt-down/story.aspx?guid={4D08BCDC-3504-496C-9AB7-EF8E17C47624}&dist=TQP_Mod_mktwN" rel="nofollow">this announcement</a>: They’ll need a lot more than $5b after this announcement:

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