tos, bhos decided which dealerships were to close, many of them were family owned and making profits. Today they are either gone ( along with all the jobs they provided ) or have scaled back their operations to selling used cars and repair services.
Romney had nothing to do with the auto bailouts.
I recall years past when Chrysler first went looking for a gov't bailout. The debate was on going for months. Not so under bhos, he did it in a matter of weeks. He changed the rules of law to screw the bondholders ( many who were not corporations ) so that they got nothing for their investment. And the UAW ( a union ) became the major shareholder in the new companies.
Part of the reason why these companies failed was the crazy union rules in place.
So now the foxes rule the chicken house.
How those Volts selling ? Its really getting close to becoming the new Edsel.
So many things said, so many things wrong, where do I start? I think the ONLY thing you got RIGHT was that Romney had NOTHING to do with saving the auto industry despite his claims last week.
Secondly, you said
"Part of the reason why these companies failed was the crazy union rules in place.""
This is not why detroit is failing. By president, starting with Reagan, once IMPORTS starting flooding our shores with cars, the domestic auto industry fails. Reagan imported millions of japanese cars and killed the domestic auto companies. Many folded during his term. BUSH 1 did the same and both ford and GM were close to closing the doors.
Clinton placed limits on the importation of foreign cars, 100,000 small trucks, 100,00 sedans and such and told the japanese and germans that if they wanted to sell more cars in the US they had to build them here.
At that point, the domestic auto industry grew. FORD, CHRYSLER and GM had the best 8 years in history. When your buddy BUSH took over, he lifted ALL the restrictions on imports that Clinton placed and the domestic auto industry was killed.
The big three cant compete with millions of cars sent to the US with cheap labor and prices well under the domestic price levels. BUSH brought more japanese models and included the korean cars and that combination spelled DISASTER for the american car companies.
BUSH even attempted to bring CHINESE cars to the US but the democrats in congress after 2007 blocked him from doing so.
Republicans since Reagan have done everything in their power to kill the american auto industry and they wont be happy until every single type of manufacturer is eliminated from the USA.
OBAMA has revived the big three and sales are on the rise. Cash for klunkers kicked off the resurge and all three companies are doing better. The issue of dealership closures was the decision of GM and Chrysler and had nothing to do with president OBAMA.
Dealers operate on credit, and with the collapse of the economy under BUSH, there was just not enough credit around to keep all the dealers floating.
All dealers buy cars on credit, not cash. Some dealers just didnt have the assets to stay open and had to be closed, family or not.
As far as the volt, I cannot see how ANY american can cheer against an american product and hopes that it will fail?? How american is that?
With the world producing more and more electric vehicles every year, its clear electric is a part of the future. YOU on the other hand, along with some help with some on this board, cheerlead for the failure of american technology.
What happened to american pride? What happened to encouraging the future of america?
Are you so brainwashed that you would enjoy the failure of an american car company to the point where there were only imports sold in the USA?
Do you even think about your support for america when you rally against american companies?
Get serious. The volt is the first of a new generation of cars. There will be problems, but with those problems will come solutions. Electric, natural gas and such will be part of our future and we need to support the ideas before the world eats our lunch and we are ALL stuck drving japanese cars.
Think about it. Why not support your country?
Peace
TOS
