Comments on: Is it your job to prevent the Big 3 from going under? http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/ Christian Personal Finance - Financial help, debt help and other financial resources Sat, 21 Nov 2009 05:30:02 -0600 hourly 1 By: Denise http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/comment-page-1/#comment-9042 Denise Wed, 31 Dec 2008 01:40:36 +0000 http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/#comment-9042 I think the government should be giving financial help to single moms and others who need it. As a single mom I need to watch what I spend every single day in order to get by. Do you think the big 3 auto makers did that? I don't think so because if they did they wouldn't be in the situation they are in. I think the government should be giving financial help to single moms and others who need it. As a single mom I need to watch what I spend every single day in order to get by. Do you think the big 3 auto makers did that? I don’t think so because if they did they wouldn’t be in the situation they are in.

]]> By: Joshua @ Accountable Living http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/comment-page-1/#comment-8839 Joshua @ Accountable Living Tue, 23 Dec 2008 18:57:02 +0000 http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/#comment-8839 I have to agree with several others here. The bailout really is just forstalling the inevitable. Unless the "big 3" make changes to their products and start SETTING the trends rather than CHASING the trends.... they will never win. Taking money from the taxpayers just to stay afloat for an unspecificed amount of time..... ridiculous. That and the egregious issues with the union, which truly has truly sucked the life out of the American automakers. I'm sorry to say it this way, but these are two ticks with no dog. I have to agree with several others here. The bailout really is just forstalling the inevitable. Unless the “big 3″ make changes to their products and start SETTING the trends rather than CHASING the trends…. they will never win. Taking money from the taxpayers just to stay afloat for an unspecificed amount of time….. ridiculous.

That and the egregious issues with the union, which truly has truly sucked the life out of the American automakers.

I’m sorry to say it this way, but these are two ticks with no dog.

]]> By: Jamie http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/comment-page-1/#comment-8709 Jamie Sat, 20 Dec 2008 17:33:23 +0000 http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/#comment-8709 I would question the statement that all three would go under. Ford has already said that they could make it another year. With a little competition out of the way they would be even stronger. I do agree that it would be a tough decision to make, but I think I would have to let them suffer and/or fail. They have learned nothing and we will have to suffer for it. I would question the statement that all three would go under. Ford has already said that they could make it another year. With a little competition out of the way they would be even stronger. I do agree that it would be a tough decision to make, but I think I would have to let them suffer and/or fail. They have learned nothing and we will have to suffer for it.

]]> By: Eileen http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/comment-page-1/#comment-8646 Eileen Fri, 19 Dec 2008 19:26:14 +0000 http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/#comment-8646 Good Point. Right now Obama is trying to develop a plan to improve the roads in our country. That will create a lot of construction-related jobs - not only for basic construction jobs but also for products and construction equipment - bulldozers, steamrollers, etc. Bottom line is that sometimes we need to adjust with the times. It may be tough at first, but in the end, it works out for those of us who are willing to accept the challenge. Good Point. Right now Obama is trying to develop a plan to improve the roads in our country. That will create a lot of construction-related jobs – not only for basic construction jobs but also for products and construction equipment – bulldozers, steamrollers, etc. Bottom line is that sometimes we need to adjust with the times. It may be tough at first, but in the end, it works out for those of us who are willing to accept the challenge.

]]> By: Jan http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/comment-page-1/#comment-8644 Jan Fri, 19 Dec 2008 19:09:35 +0000 http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/#comment-8644 Those making carriages for the horse and buggy....had to adjust when the car became a viable way of transportation. The government didn't bail out...the carriage companies, those selling horses , those selling oats..or whatever a horse eats...or those making all that is needed to hitch up a team to the carriage. They adjusted with the times. The big three need to do likewise...and if they can't...I am sorry. The automobile industry will not disappear....there are other companies besides the big three! Those making carriages for the horse and buggy….had to adjust when the car became a viable way of transportation. The government didn’t bail out…the carriage companies, those selling horses , those selling oats..or whatever a horse eats…or those making all that is needed to hitch up a team to the carriage. They adjusted with the times. The big three need to do likewise…and if they can’t…I am sorry. The automobile industry will not disappear….there are other companies besides the big three!

]]> By: Jonathan http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/comment-page-1/#comment-8641 Jonathan Fri, 19 Dec 2008 18:20:35 +0000 http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/#comment-8641 Exactly. Let the market correct itself. The problem with the "free market" right now is that we have too much intervention. If we step back and let Bayliner, Big 3, whoever else, shut down then that is nothing more than a correction. Just like the housing bubble burst, that was a correction for no other reason than that housing prices were way too inflated. Exactly. Let the market correct itself. The problem with the “free market” right now is that we have too much intervention. If we step back and let Bayliner, Big 3, whoever else, shut down then that is nothing more than a correction. Just like the housing bubble burst, that was a correction for no other reason than that housing prices were way too inflated.

]]> By: Eileen http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/comment-page-1/#comment-8636 Eileen Fri, 19 Dec 2008 16:01:32 +0000 http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/#comment-8636 No - it is not America's job to prevent the Big 3 or any other company from going under. We cannot, as a country, pick and choose what industries we are going to bail out. Locally, Bayliner is closing their plant because of the economy (people aren't buying pleasure boats anymore). I have a friend who works for Piper (airplanes) and his hours are cut. What the American people want and need right now are the basics. Good, reliable, economical transportation. If the Big 3 don't want to sell that, then they have caused their own problems. No – it is not America’s job to prevent the Big 3 or any other company from going under. We cannot, as a country, pick and choose what industries we are going to bail out. Locally, Bayliner is closing their plant because of the economy (people aren’t buying pleasure boats anymore). I have a friend who works for Piper (airplanes) and his hours are cut. What the American people want and need right now are the basics. Good, reliable, economical transportation. If the Big 3 don’t want to sell that, then they have caused their own problems.

]]> By: Connie Walsh http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/comment-page-1/#comment-8631 Connie Walsh Fri, 19 Dec 2008 15:24:31 +0000 http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/#comment-8631 It couldn't go on forever. The high salaries. The huge retirement plans. The mentality that anytime the process was improved there could be no job "adjustments". It was like when I worked at Nortel and they used to serve us gourmet food so that we would work overtime (we were paid too). It couldn't last and it shouldn't last. They (the leaders of the companies and the unions) are spending money they don't have and then looking for a handout from mom. It couldn’t go on forever. The high salaries. The huge retirement plans. The mentality that anytime the process was improved there could be no job “adjustments”. It was like when I worked at Nortel and they used to serve us gourmet food so that we would work overtime (we were paid too). It couldn’t last and it shouldn’t last. They (the leaders of the companies and the unions) are spending money they don’t have and then looking for a handout from mom.

]]> By: Matt http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/comment-page-1/#comment-8611 Matt Thu, 18 Dec 2008 22:35:16 +0000 http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/#comment-8611 I was also against the financial bailouts but I can see how that bailout was more more important to the entire country than a Detroit bailout would be. Think of it like this, the economy is an car that runs on money. If the money stops then the entire economy stops, but if the muffler breaks it still sucks but the vehicle will still move forward. That's the major difference between the two bailouts. There's a lot of people saying stuff like "millions will lose jobs." This is false. If the the Detroit auto makers were to completely collapse, the people who used to buy cars from those companies would not stop wanting to buy cars, they would just have to take their business elsewhere. So other (profitable) car companies would see a jump in demand for their products, they would then have to make more of them. Maybe those (smart and profitable) car companies would probably think it would be a wise move to buy some (now unused) car building factories in Detroit and hire people who have experience working in those factories? Just a hunch. It is not our responsibility and it is not the responsibility of the government to bailout failing businesses. What about the million people who lost their jobs in November? Where was their bailout? Why is Detroit more important than those people? It is the government's job to create a safe and free environment for people to engage in business for profit. Bailing out the Detroit auto makers would be doing the opposite of that. What if you owned a business that was doing well selling a product that people wanted at a good price and your competitor that sold a sub-par product and was irresponsible with their resources suddenly got a huge bailout from the government. How would feel for running your business properly? How would that be fair to you? I was also against the financial bailouts but I can see how that bailout was more more important to the entire country than a Detroit bailout would be. Think of it like this, the economy is an car that runs on money. If the money stops then the entire economy stops, but if the muffler breaks it still sucks but the vehicle will still move forward. That’s the major difference between the two bailouts.

There’s a lot of people saying stuff like “millions will lose jobs.” This is false. If the the Detroit auto makers were to completely collapse, the people who used to buy cars from those companies would not stop wanting to buy cars, they would just have to take their business elsewhere. So other (profitable) car companies would see a jump in demand for their products, they would then have to make more of them. Maybe those (smart and profitable) car companies would probably think it would be a wise move to buy some (now unused) car building factories in Detroit and hire people who have experience working in those factories? Just a hunch.

It is not our responsibility and it is not the responsibility of the government to bailout failing businesses. What about the million people who lost their jobs in November? Where was their bailout? Why is Detroit more important than those people? It is the government’s job to create a safe and free environment for people to engage in business for profit. Bailing out the Detroit auto makers would be doing the opposite of that. What if you owned a business that was doing well selling a product that people wanted at a good price and your competitor that sold a sub-par product and was irresponsible with their resources suddenly got a huge bailout from the government. How would feel for running your business properly? How would that be fair to you?

]]> By: Jan http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/comment-page-1/#comment-8604 Jan Thu, 18 Dec 2008 18:44:01 +0000 http://www.christianpf.com/is-it-your-job-to-prevent-the-big-3-from-going-under/#comment-8604 Kaitlyn, believe me I was against the bank bailouts too! It seems we have "representatives" in Washington DC that are bent on bringing this country down into a all and out Socialistic government!! Scott, I concur we must trust in God in all situations. Kaitlyn, believe me I was against the bank bailouts too! It seems we have “representatives” in Washington DC that are bent on bringing this country down into a all and out Socialistic government!!

Scott, I concur we must trust in God in all situations.

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