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General & Off-Topic
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GM Bankrupt
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<blockquote data-quote="ddgermann" data-source="post: 198828" data-attributes="member: 3537"><p>Nice negative topic... </p><p></p><p>Timing in business is critical and certainly this is bad timing for GM and the rest of the car companies who are now looking to recover engineering and tooling costs on new models. Many new orders and perspective buying plans will be scrapped with the economic meltdown that is coming for consumers buying not only cars, but pretty much everything.</p><p>Why wouldn’t they deserve a bailout? This supports the 10s of thousands of workers who basically would benefit as much as the company, let alone the economy in general. </p><p></p><p>Thinking you need to look at the bigger picture. before you get all triggered; remember you asked the question. Best be prepared for the answers.</p><p>GM will be only one of many that will be at risk of falling as this mess moves forward. We have huge adversity ahead and better be prepared to pay for it. let’s see what the banks do is a more pressing question for me as it has an impact on pretty much every Canadian. So far they are not clear on interest for deferred mortgage payments and loans. Fortunately at this stage I’m not subject to any of that but it is still a massive deal for all of us as it too will have a knockoff effect in many ways in the mid to long term. </p><p>Sorry didn’t mean to derail your topic but it just seemed a bit shortsighted. </p><p>Hope you come through unscathed.</p></blockquote><p></p>
[QUOTE="ddgermann, post: 198828, member: 3537"] Nice negative topic... Timing in business is critical and certainly this is bad timing for GM and the rest of the car companies who are now looking to recover engineering and tooling costs on new models. Many new orders and perspective buying plans will be scrapped with the economic meltdown that is coming for consumers buying not only cars, but pretty much everything. Why wouldn’t they deserve a bailout? This supports the 10s of thousands of workers who basically would benefit as much as the company, let alone the economy in general. Thinking you need to look at the bigger picture. before you get all triggered; remember you asked the question. Best be prepared for the answers. GM will be only one of many that will be at risk of falling as this mess moves forward. We have huge adversity ahead and better be prepared to pay for it. let’s see what the banks do is a more pressing question for me as it has an impact on pretty much every Canadian. So far they are not clear on interest for deferred mortgage payments and loans. Fortunately at this stage I’m not subject to any of that but it is still a massive deal for all of us as it too will have a knockoff effect in many ways in the mid to long term. Sorry didn’t mean to derail your topic but it just seemed a bit shortsighted. Hope you come through unscathed. [/QUOTE]
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General & Off-Topic
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GM Bankrupt
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