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Government Motors Creates New Jobs
Topic Started: Aug 9 2010, 08:31 AM (186 Views)
Jolly
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Geaux Tigers!
Just not in the U.S.:

http://www.industryweek.com/articles/gm_to_build_new_vehicle__at_plant_in_mexico_22462.aspx
The main obstacle to a stable and just world order is the United States.- George Soros
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Mikhailoh
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If you want trouble, find yourself a redhead
Swell.
Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball
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jon-nyc
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Cheers
Good to see there was no political pressure applied to build the plant in the US. Of course, had there been, you two would probably be among the first to criticize Obama for it.
In my defense, I was left unsupervised.
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Mikhailoh
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If you want trouble, find yourself a redhead
Wrong again.
Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball
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Kincaid
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HOLY CARP!!!
Seems that GM could scarcely have run the company worse, but I think it is best if the major shareholder doesn't tell them how to do their business more than they have. Not really sure how their mgmt team is working out so far.

Mulally at Ford, picked the old-fashioned way, seems to be doing much better.
Kincaid - disgusted Republican Partisan since 2006.
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jon-nyc
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Mikhailoh
Aug 9 2010, 09:47 AM
Wrong again.
So your view is that Obama should intervene and force GM to locate the plant in the US?
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Mikhailoh
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If you want trouble, find yourself a redhead
That's not what I said. Anyone who was halfway smart writing the deal would have included conditions to preserve US jobs.
Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball
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jon-nyc
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Sounds like that is what you are saying. Your desire would have been that the administration interfered with economic decisions in GMs ongoing operations in order to protect or create American jobs, is that right? You would just have had them do it when offering DIP financing.

Please clarify if that is not the case.
In my defense, I was left unsupervised.
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Luke's Dad
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Emperor Pengin
Correct me if I'm wrong, but wasn't the whole point of the takeover because the job losses from the American Automobile Industry would have been catastrophic to the whole country?
The problem with having an open mind is that people keep trying to put things in it.
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jon-nyc
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Cheers
Are you among those who think Obama should have interfered with the decision?
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jon-nyc
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Luke's Dad
Aug 9 2010, 03:00 PM
Correct me if I'm wrong, but wasn't the whole point of the takeover because the job losses from the American Automobile Industry would have been catastrophic to the whole country?
More or less, but what does that have to do with this single plant in Mexico?
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Kincaid
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HOLY CARP!!!
I am most concerned about GM's long term viability. If locating a plant in Mexico gets them there, which will preserve U.S. jobs in the long run, then I'm all for it.

There are still several GM cars I would consider buying if I was in the market.
Kincaid - disgusted Republican Partisan since 2006.
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jon-nyc
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jon-nyc
Aug 9 2010, 02:56 PM
Sounds like that is what you are saying. Your desire would have been that the administration interfered with economic decisions in GMs ongoing operations in order to protect or create American jobs, is that right? You would just have had them do it when offering DIP financing.

Please clarify if that is not the case.
Bump.
In my defense, I was left unsupervised.
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JBryan
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I am the grey one
I am not in favor of the government interfering with the business decisions of any company as long as they are operating lawfully. Would be nice if many in government felt the same way.
"Any man who would make an X rated movie should be forced to take his daughter to see it". - John Wayne


There is a line we cross when we go from "I will believe it when I see it" to "I will see it when I believe it".


Henry II: I marvel at you after all these years. Still like a democratic drawbridge: going down for everybody.

Eleanor: At my age there's not much traffic anymore.

From The Lion in Winter.
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Mikhailoh
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If you want trouble, find yourself a redhead
Agreed. Ita is impossible for me to believe that the government bailout actually saved GM. The turnaround is just too rapid.

But now that we have thrown in, it's a big smack in the face to see jobs go out of the country.
Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball
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jon-nyc
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Mikhailoh
Aug 10 2010, 03:49 AM
It is impossible for me to believe that the government bailout actually saved GM. The turnaround is just too rapid.
Bankruptcy saved GM, and rapid turnarounds aren't that remarkable when a heavily indebted company gets its debt wiped out.

What the government did was make reorganization possible - without that they faced certain liquidation.
In my defense, I was left unsupervised.
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Jolly
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Geaux Tigers!
Bigger question contained herein...

Is pure, naked capitalism what is best for the country? Or do ethics and benevolence have any place in American business?
The main obstacle to a stable and just world order is the United States.- George Soros
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jon-nyc
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Cheers
That is a bigger question, but I disagree that its contained herein. Its a global company, and they sell a lot of cars in Mexico. There's nothing unethical about opening a plant there.
In my defense, I was left unsupervised.
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