UPDATED: GM about to smash another record!
Great news- they're within spittin' distance of surpassing the 2004 record set for most GM recalls ever! :) News report wrote: General Motors recalls another 2.7 million vehicles The latest ...
Forum Discussion
Damn Spoon you just can't get it can you. Lets do this by the numbers.
1: GM and Chrysler close their doors laying off over 250,000 direct workers and another 250,000 indirect workers (these are very conservative numbers).
2: The sub pay GM and Chrysler direct hourly workers get, stops.
3: These people can no longer make their mortgages/rent, car payments, or pay their bills.
4: The banks now have 500,000 or so mortgages, car loans and credit cards not being payed. What do you think that will do the the banks?
5: Unemployment that was already taxed to the hilt before GM & Chrysler closed their doors. Now they will be bankrupt do to the new claims being filed. So you know the Feds were already subsidizing State unemployment.
6: The vendors that already were waiting 90+ (more like 180) days for their bills to be paid are not going to get anything and they too close their doors. Terryallan should be able to attest to this.
7: Now with even more people losing their jobs the already slow auto market stops dead along with everything else. So without sales how is Ford and the rest going to sell their cars. You do understand that the massive recession the WORLD was in, not just the USA is the reason GM and Chrysler could not get their loans refinanced right?
8: Now the whole Country along with the World dives into a massive depression.
9: Even jobs that were recession proof like your's are laying people off.
Note: number seven, if you don't have any customers you can't sell any cars and you can't hire anyone. But lets not let anything like the facts get in the way.
Don
1: GM and Chrysler close their doors laying off over 250,000 direct workers and another 250,000 indirect workers (these are very conservative numbers).
2: The sub pay GM and Chrysler direct hourly workers get, stops.
3: These people can no longer make their mortgages/rent, car payments, or pay their bills.
4: The banks now have 500,000 or so mortgages, car loans and credit cards not being payed. What do you think that will do the the banks?
5: Unemployment that was already taxed to the hilt before GM & Chrysler closed their doors. Now they will be bankrupt do to the new claims being filed. So you know the Feds were already subsidizing State unemployment.
6: The vendors that already were waiting 90+ (more like 180) days for their bills to be paid are not going to get anything and they too close their doors. Terryallan should be able to attest to this.
7: Now with even more people losing their jobs the already slow auto market stops dead along with everything else. So without sales how is Ford and the rest going to sell their cars. You do understand that the massive recession the WORLD was in, not just the USA is the reason GM and Chrysler could not get their loans refinanced right?
8: Now the whole Country along with the World dives into a massive depression.
9: Even jobs that were recession proof like your's are laying people off.
Note: number seven, if you don't have any customers you can't sell any cars and you can't hire anyone. But lets not let anything like the facts get in the way.
Don
