RegDunlop Posted November 11, 2008 Report Share Posted November 11, 2008 What if the government allowed you to deduct the interest you pay on a car loan, but only if it was for an American car? Wouldn't that increase sales of Ford and GM? Rather than just handing them money? Now I haven't fully tought this through I'm just throwing it out there, somebody far smarter probably already knows why this has not been done. if we're looking for a shark we're not gonna find him on the land Link to comment Share on other sites More sharing options...
Chuckles Posted November 11, 2008 Report Share Posted November 11, 2008 Not a bad idea, but I have another question about the auto industry bailout. I sort of know a guy who owns one of the biggest Toyota dealerships in the mid-Atlantic and he just had to let a big chunk of his workforce go because of one little nuance congress included in the bill... that is, the bailout money can evidently only go to plants that have been operating for over 30 years or something like that. This eliminates any of the Toyota or Honda facilities that have been building cars here for over 20 years. Anyone have the skinny on that? I strongly suspect the stench of a certain MI Senator is all over this... Link to comment Share on other sites More sharing options...
Wraith Posted November 11, 2008 Report Share Posted November 11, 2008 Where is the incentive to change for the better, if 'we' keep 'propping' up bad business practices with 'bailouts'? Let them sink, or swim, on THEIR own merits. Out of the ashes, will come a stronger, smarter Manufacturer. * Link to comment Share on other sites More sharing options...
Steve Shoe Posted November 14, 2008 Report Share Posted November 14, 2008 In 1991 I wrote a letter to then newly elected Pres. Clinton (crazy I know) with just that idea . A long detailed letter. This was shortly before he opened the borders with what I believe was NAFTA. Obviously it went over like a lead balloon. At least someone on his staff wrote me back and signed the pres's name. Link to comment Share on other sites More sharing options...
jmjftw Posted November 14, 2008 Report Share Posted November 14, 2008 What if the government allowed you to deduct the interest you pay on a car loan, but only if it was for an American car? Wouldn't that increase sales of Ford and GM? Rather than just handing them money? Now I haven't fully tought this through I'm just throwing it out there, somebody far smarter probably already knows why this has not been done. AND a tax credit if you bought flex fuel.... You think health care is expensive now?Wait until it's free. Link to comment Share on other sites More sharing options...
Wraith Posted November 14, 2008 Report Share Posted November 14, 2008 AND a tax credit if you bought flex fuel.... Yep, 'flex fuel', Corporate welfare rears its ugly head again with the Ethanol boondoggle................... * Link to comment Share on other sites More sharing options...
saltydawg Posted November 14, 2008 Report Share Posted November 14, 2008 Keep the government out of this...let the market fix them. - Link to comment Share on other sites More sharing options...
Nessmuk Posted November 14, 2008 Report Share Posted November 14, 2008 Keep the government out of this...let the market fix them. Bingo. Link to comment Share on other sites More sharing options...
iphish Posted November 14, 2008 Report Share Posted November 14, 2008 The problem with auto industry is summed up in the following recent announcement by GM. GM announces a new "hummer" My reaction: what are you nuts? Scrap it or put it on ICE, Fire the project manager, fire the marketing manager, for that matter get rid of the whole team. Start building and designing cars/trucks that make sense! Build the right car and release it at- even if it's every 5 years. This is not rocket science- this is basic business fundamentals Link to comment Share on other sites More sharing options...
RegDunlop Posted November 14, 2008 Author Report Share Posted November 14, 2008 In 1991 I wrote a letter to then newly elected Pres. Clinton (crazy I know) with just that idea . A long detailed letter. This was shortly before he opened the borders with what I believe was NAFTA. Obviously it went over like a lead balloon. At least someone on his staff wrote me back and signed the pres's name. I cant blame you for writing to HIM in 91, a few years later and you would have realized you should have wrote to HER as she wore the pants in the family and well ......he just didnt like pants. if we're looking for a shark we're not gonna find him on the land Link to comment Share on other sites More sharing options...
RegDunlop Posted November 14, 2008 Author Report Share Posted November 14, 2008 The problem with auto industry is summed up in the following recent announcement by GM. GM announces a new "hummer" My reaction: what are you nuts? Scrap it or put it on ICE, Fire the project manager, fire the marketing manager, for that matter get rid of the whole team. Start building and designing cars/trucks that make sense! Build the right car and release it at- even if it's every 5 years. This is not rocket science- this is basic business fundamentals Gm should pick one brand...lets say Chevy and only make chevies and just ONE luxury brand ...say Cadillac...they should concentrate on fewer models too...then maybe they could compete. if we're looking for a shark we're not gonna find him on the land Link to comment Share on other sites More sharing options...
fishweewee Posted November 14, 2008 Report Share Posted November 14, 2008 some companies and industries should be allowed to fail. isn't that capitalism? yes, i understand there are 5 million jobs attached to the u.s. auto industry. question is ... is a "bailout" only going to delay the inevitable? p.s. i drive american. Link to comment Share on other sites More sharing options...
Joe H Posted November 14, 2008 Report Share Posted November 14, 2008 I just posted the same thing in the union auto thread. GM is making 5 different brands of the same thing. Do it like the toyota/lexus business model. One nice car, one luxury car. Not 5 brands to compete with yourself. And I thing GM is destined for failure and has been for years. I used to buy a new GM every two or three years and stopped after they sold me a lemon. I'm a Ford guy now. Link to comment Share on other sites More sharing options...
canyondiver Posted November 14, 2008 Report Share Posted November 14, 2008 question is ... is a "bailout" only going to delay the inevitable? Yes, but in the process, it will hurt every American that is barely scraping by right now. Proud to be a NERB and I have the shirts to prove it!! Link to comment Share on other sites More sharing options...
9wait Posted November 14, 2008 Report Share Posted November 14, 2008 some companies and industries should be allowed to fail. isn't that capitalism? yes, i understand there are 5 million jobs attached to the u.s. auto industry. question is ... is a "bailout" only going to delay the inevitable? p.s. i drive american.[/ can my family and i come live with you when it "fails"....... i guess i am just 1 of "5 million" people that would lose my job..... "Fishing is not an escape from life, but often a deeper immersion into it...." - Harry Middleton Link to comment Share on other sites More sharing options...
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