Thread: Giving aid

We the taxpayers are paying for all, the bailouts, welfare, paying for illegal aliens being here. So what happens to the American taxpayers? We are forking the bills and the bailouts. Gee I wonder how much money these CEOS get to put in their pockets? From the illegal aliens being here, to the big bailouts, for car compaies and AIG, banks and everyone else who stands in line for a handout. Who gets to bail out the USA citizens, from forecloser and from losing there jobs, to forgien workers? Who gets to give us a handout? Like many Americans I am stuggling to make rent payments and bills, who is going to bail me out when I have a crises?
Did any of us AMERICAN taxpayers get to vote on all bailouts that the government approved of? No, they the government gets to pass everything, we have no say, but yet we have to pay for everything. I believe these CEOS are draining the system how they see fit, I would like to know how much money do these CEOS get to line there pocketbooks.
All, these Corporate company come to the government and beg for money to bail them out, shouldnt the American Taxpayers get to vote on all these, bailouts the government is so earged to pass. Its my money, I am sick, and tired of my tax dollars going to illegals, CEOS begging for money, gee I wonder how much and how many houses these people have and how many new cars, and what is there pocketbook, and bank accounts say?
Where is the 700 billion dollars going really? To the CEOS they get a "PROFIT"?
When is it time to BAILOUT the American taxpayers?

We were robbed of everything and those who are at fault should rot in jail.

Originally Posted by koobster

Gee I wonder how much money these CEOS get to put in their pockets? From the illegal aliens being here, to the big bailouts, for car compaies and AIG, banks and everyone else who stands in line for a handout.

We tax payers will also get to fund the foreign workers who have helped throw Americans out of work.

http://www.latimes.com/news/la-fi-gmwor ... k=ntothtml

General Motors' strength is overseas

As the U.S. automaker's revenue has fallen in the U.S., forcing it to turn to the government for a bailout, international operations have remained profitable.

By Ken Bensinger
December 7, 2008

Nearly three-fifths of the employees at General Motors Corp. work for a company that makes cars that are admired, popular and profitable.

They just don't work in the United States.

GM has a bigger presence outside the U.S. than in it, employs more people in other countries than here, and actually makes money selling cars everywhere from Sao Paulo to Shanghai. Its U.S. revenue has sunk 24% in the last three full years, but in the rest of the world, GM can boast a 28% increase.

Now, as lawmakers mull whether to provide billions of dollars in loans to keep the Detroit-based company from collapse, GM's global reach has become in many ways its most overlooked asset and a key to its ultimate survival.

"A major argument for keeping GM out of bankruptcy is the strength of its foreign footprint," said Kimberly Rodriguez, a partner at accounting and management consulting firm Grant Thornton, which works with auto companies.

Yet because of the deeply intertwined nature of GM's global operations, if the company goes down here, she said, "there will certainly be problems for the company worldwide."

Company officials declined to discuss what would happen in the event of a bankruptcy. GM's foreign units are separate corporate entities, which means they would probably be shielded from a U.S. filing and could continue to operate without concerns of a U.S. court seizing their assets, for example.

Still, if the automaker's U.S. operations fail, as GM says they will without an immediate cash infusion, it could set off a chain reaction that would not only put U.S. parts suppliers out of business, but could throw off production schedules overseas and freeze up GM's foreign plants.

That, in turn, could have a ripple effect on its overseas competitors.

"I am very concerned about GM because we share suppliers with [GM subsidiary] Opel," said Klaus Berning, head of sales and marketing for Porsche, which produces all of its vehicles in Europe.

GM says it has been the world's top-selling carmaker for the last 77 years, edging out rival Toyota Motor Corp. last year by a narrow margin. But where GM sells the bulk of its cars has changed dramatically.

Through the first nine months of this year, 4.3 million of the 6.7 million cars and trucks GM sold -- nearly two-thirds -- were purchased outside this country.

And of the company's 252,000 employees, 152,000 work abroad, building Chevys, Opels, Vauxhalls, Holdens and Buicks in 33 countries.

"Those overseas businesses over the last several years almost uniformly have been quite profitable, and they have, in almost every case, been able to send dividends back to help us address funding issues in the U.S," GM Chairman and Chief Executive Rick Wagoner told members of the House Financial Services committee Friday, lobbying for a favorable vote this week on an aid plan.

Yet because the U.S. continues to be GM's largest single market in terms of revenue, with $115 billion in sales last year, and because it was founded by William Durant in Flint, Mich., more than a century ago, this truly global car company is still looked upon as a quintessentially American one.

Indeed, in two days of hearings last week, members of Congress repeatedly asked Wagoner, as well as the heads of Ford and Chrysler, to promise not to spend any of the bailout money on foreign operations.

So while 61% of Americans in a recent poll viewed the U.S. automakers as damaged beyond repair, and as Congress works to save the image of GM the American company, GM is a rising star in China.

The automaker's China operations include 11 plants and roughly 20,000 employees, not to mention a $250-million research campus in Shanghai.

On the line, workers like Ma Jianming, a technician in the quality department of the company's Shanghai Cadillac plant, can't imagine the company falling on hard times. Not with annual sales growth of at least 27% over the last four years.

"Many friends came to ask me if our company would be affected or even go bankrupt if our U.S. group goes bankrupt," Ma said. "But this is not the case. . . . We are still working overtime these days."

Why can't GM make cars in the US and ship them to China. Oh yeah, forgot Chinese workers earn a pittance compared to American workers. While GM going under here would destroy a lot of lives in this country, the company will continue to exist with its global operations.
Chrysler may be the loser in all of this since it is privately owned (no transperancy) by Cerberus and is headed by Robert Nardelli, that as head of Home Depot nearly destroyed the company.
Yes, Wagoner should be gone, and someone like Jack Welch (former CEO of GE) should be put in charge. Welch oversaw a massive corporation that produces anything from light bulbs to turbine engines for planes in their most successful days. While Wagoner may have been experienced in the auto industry, it is becoming apparent that running a multi-national corporation is more than knowing the components of the product.
The only company that seems nimble in this mess is Ford, which is only asking for a line of credit (not a bailout) if they need it because of the downturn. Mulally, who successfully ran Boeing, has come in and trimmed and made the company responsive to conditions. Henry Ford would be proud.

Remember ENRON? This all sounds like it.

Originally Posted by millere

Originally Posted by koobster

Gee I wonder how much money these CEOS get to put in their pockets? From the illegal aliens being here, to the big bailouts, for car compaies and AIG, banks and everyone else who stands in line for a handout.

We tax payers will also get to fund the foreign workers who have helped throw Americans out of work.

."

WE ARE STILL IN THE TWILIGHT ZONE FOLKS!!!!

Originally Posted by April

Originally Posted by millere

Originally Posted by koobster

Gee I wonder how much money these CEOS get to put in their pockets? From the illegal aliens being here, to the big bailouts, for car compaies and AIG, banks and everyone else who stands in line for a handout.

We tax payers will also get to fund the foreign workers who have helped throw Americans out of work.

."

WE ARE STILL IN THE TWILIGHT ZONE FOLKS!!!!

Have you noticed how the Government's solutions to things are just cover-ups for more scams?

One lie leads to another. Until eventually everything said and done is a lie. Are we there yet? Are we there yet?

Originally Posted by millere

Originally Posted by April

Originally Posted by millere

Originally Posted by koobster

Gee I wonder how much money these CEOS get to put in their pockets? From the illegal aliens being here, to the big bailouts, for car compaies and AIG, banks and everyone else who stands in line for a handout.

We tax payers will also get to fund the foreign workers who have helped throw Americans out of work.

."

WE ARE STILL IN THE TWILIGHT ZONE FOLKS!!!!

Have you noticed how the Government's solutions to things are just cover-ups for more scams?

The lies of the US government still contiue, now I fill like I am in the twilight zone........

I'm seriously considering calling citibank and demanding a personal bailout on my student loan with them. Better yet, I will simply stop paying on it and let them track me down! When they find me, I will claim i'm broke and demand my bailout!

Why should I bust my ass paying my bills when corporate America, deadbeat homeowners (those who secured subprime loans with zero down and now in their third year, suddenly find can no longer afford the adjustable payments) and everyone in between are getting money handed to them hand over fist, courtesty of the American tax payers!

I'm sick and tired of playing by the rules and seemingly getting screwed in the process!