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Auto Industry To Push Congress For $50B In Loans

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Auto Industry To Push Congress For $50B In Loans Auto industry allies hope to secure up to $50 billion in government loans this month that would pay to modernize plants and help struggling car makers build more fuel-efficient vehicles. With Congress returning this coming week from its summer break, the industry plans an aggressive lobbying campaign for the low-interest loans. The situation is growing dire after months of tumbling sales, high gasoline prices and consumers' abandoning profitable trucks and sport utility vehicles.

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UnDave35 UnDave35 7 years
What's a trabant? I'll have to look that one up.
UnDave35 UnDave35 7 years
What's a trabant? I'll have to look that one up.
hausfrau hausfrau 7 years
Rac's going to have us all driving Trabants by the end of the day!
organicsugr organicsugr 7 years
The Volkswagen, which meant "people's car" in German, was a political promise to win goodwill by Adolf Hitler.
UnDave35 UnDave35 7 years
Probably at the end of that pointed nose, given your picture. BTW, you really should get out more. You need some sun. ;)
UnDave35 UnDave35 7 years
Probably at the end of that pointed nose, given your picture.BTW, you really should get out more. You need some sun.;)
raciccarone raciccarone 7 years
Yeah, I'm kidding. I think I know where you stand on the major issues after these past months. Sometimes, I don't know where I end and you begin, UnDave.
UnDave35 UnDave35 7 years
Bailing out homeowners isn't the same as loaning a company money. Yes, I'm against giving homeowners money so they can keep a house they should never have purchased. I'm also against bailing out companies by just giving them money (I'm talking about you, airline industry!!). I don't think government loans = Karl Marx, so I'm going to believe that last part was a joke.
harmonyfrance harmonyfrance 7 years
sigh....RAC. Don't bring them back here. :mob:
raciccarone raciccarone 7 years
The same argument can be made for bailing out individuals who are losing their homes. They too contribute to a tax base. So, I feel either you're for the government bailing out failing businesses and individuals or you're not. Either the government should be allowed to interfere with the free market process or it's not. If the government is allowed to loan money just for a 3% - $4% return, that's clearly not reflecting what's going on in the market. Not when most loans have 9% interest. So, that to me is still government interference. As for your reasoning about taxes and jobs ... why not let the government just open up their own car company and cut out the middle man? That would have the same effect, wouldn't it? Wouldn't it, Mr. UnDave? OR SHOULD I CALL YOU KARL MARX????
UnDave35 UnDave35 7 years
Good lord. I go away for like two hours, and this thread gets dredged back into WWII. Give it a rest. Does anyone care that Hitler was anything other than a monster who sought world domination for his own personal gain? Not anymore. To answer your question Rac, "More to the point, so you are in favor of government intervention in the free market?" There is a diference between government intervention and the government doing business in that free market. IMO, the government loaning money makes good business sense. It gives the auto industry the opportunity to create, market, and sell cars that are in high demand, which makes them money, creates jobs, and brings tax dollars to the government. It also gives the government an investment income from the loan, even if it is only 3-4%. Do you have a problem with a government loan like this?
UnDave35 UnDave35 7 years
Good lord. I go away for like two hours, and this thread gets dredged back into WWII. Give it a rest. Does anyone care that Hitler was anything other than a monster who sought world domination for his own personal gain? Not anymore.To answer your question Rac, "More to the point, so you are in favor of government intervention in the free market?" There is a diference between government intervention and the government doing business in that free market. IMO, the government loaning money makes good business sense. It gives the auto industry the opportunity to create, market, and sell cars that are in high demand, which makes them money, creates jobs, and brings tax dollars to the government. It also gives the government an investment income from the loan, even if it is only 3-4%. Do you have a problem with a government loan like this?
Michelann Michelann 7 years
Well if other people were talking about the global right/left, they didn't do a very good job of explaining it. Thank you for clearing up the misunderstanding. I'm glad we can all agree that Hitler would be a leftist by American standards, and a right-winger by global standards(which I know nothing about and therefore wouldn't bother to comment on).
lilkimbo lilkimbo 7 years
But, there's no point in me continuing to argue with people whom I normally agree with. I have a lot of work to do anyone. Have a good day, you two!
lilkimbo lilkimbo 7 years
Michelin, the condescending comment was directed toward organic, who keeps accusing me of not having read the thread. And organic, if you read what people are saying, it becomes blatantly obvious that they are discussing the worldwide left/right spectrum.
lilkimbo lilkimbo 7 years
Michelin, the condescending comment was directed toward organic, who keeps accusing me of not having read the thread.And organic, if you read what people are saying, it becomes blatantly obvious that they are discussing the worldwide left/right spectrum.
Michelann Michelann 7 years
I am not trying to be condescending, I'm simply pointing out that I have been discussing the American right and left the whole time. So everything I have said is still true, it's simply a mis-communication.
organicsugr organicsugr 7 years
Yes, you're right, they were discussing the original French right and left. That's what we usually discuss around here.
lilkimbo lilkimbo 7 years
I read the beginning of this thread and I don't appreciated your condescending attitude. The thread may have begun as such, but if you were actually paying attention to what anyone else was saying over the course of the thread, you would have known that others were clearly not exclusively discussing the American left and right.
organicsugr organicsugr 7 years
"And Michelin, you are making the mistake of looking at the right in the U.S. What the U.S. views as right (smaller federal government, etc.) is not viewed as right throughout the world." If you had read the beginning of this thread, you would have known that the discussion began within the parameters the American left and right.
organicsugr organicsugr 7 years
"And Michelin, you are making the mistake of looking at the right in the U.S. What the U.S. views as right (smaller federal government, etc.) is not viewed as right throughout the world."If you had read the beginning of this thread, you would have known that the discussion began within the parameters the American left and right.
lilkimbo lilkimbo 7 years
What point, what historical fact? And I have read all of your posts. I disagree with them; I don't see how that equates with not having read them.
organicsugr organicsugr 7 years
Lilkim, you seem to have overlooked a very central point to my argument, are unaware of a commonly known historical fact, and have not read my posts on this thread. I'm sorry if I have hurt your feelings.
Michelann Michelann 7 years
Well, you and everybody else "kept" saying it. Don't be defensive, we're just having a friendly disagreement.
lilkimbo lilkimbo 7 years
I see how yours wasn't a personal attack, Mich, but Organic's clearly was. I mean, how does he know if I have researched this topic?
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