‘Ripple Effect’: GM Launches Online Ad to Soften Public Opposition to Industry Bailout

GM: The collapse of the U.S.-based auto industry wouldn't just impact the more than 239,000 Americans directly employed by the Big Three. One out of every 10 people in America is employed in a service that is related to the U.S. auto industry. If a plant closes, so does its suppliers, the local stores, the hot dog vendors, and the local restaurants.

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November 18, 2008 at 12:33 am - General Motors
Dateline: Detroit, MI
Larse   November 18th, 2008 - 2:48 am

The Republicons are right on this one…

It is best to let the failed US auto industries die out…

They chose to follow their old failed route… and now death awaits those that made those stupid decisions…

I will have to buy a new vehicle early this year, and it will be a Toyota…

[...] more from the original source: ‘Ripple Effect’: GM Launches Online Ad to Soften Public Opposition to Industry… Filed Under: Latest News VideoTagged: pcu [...]

EV4EVR   November 18th, 2008 - 3:57 am

Let them burn.

Informer   November 18th, 2008 - 6:56 am

Yeah, let’s reward very bad management and very greedy unions.

PhoneBill   November 18th, 2008 - 8:24 am

If the company is unwilling to change and the unions are unwilling to yield, then why should they be saved?

Where was the government when the horse-drawn carriage industry was on they way out? Good thing they weren’t saved too.

carl   November 18th, 2008 - 9:09 am

Why reward three companies who have debt much greater than their market worth, with a bailout equal to Three times their market value?

The USG could just buy them outright for cheaper.

tan   November 18th, 2008 - 9:19 am

Maybe GM should build cars people want to buy…. Also as a conservative I cant buy Union made cars because of their support of democratic/socialist/comunist candidates.

Dr. Michael   November 18th, 2008 - 9:45 am

The only way to rid the U.S. automakers of their cancer; aka Unions, is to let them file Chapt. 7 and completely dissolve. Chapt. 11 only brings the unions to the negotiating table.

Mac-101   November 18th, 2008 - 9:56 am

I am a GM/chevy freak. I got over 30 GM cars and trucks from 1955 to a 2008 Cobalt. I’ve bought over a 100 used and a dozen new cars and trucks. I ALWAYS look at the American content. My Cobalt has an 85% American content sticker.

If management does not put a cap on their renumeration and if the UNION continues to REFUSE to negotiate contracts, and they both do not agree to drastic labor reductions and sweeten it with a Profit Sharing program, I WILL never pay the premium to by US/GM. I will buy local, a vehicle assembled in the SE where I live.

Let them EAT cake!

PS: My 1980 Sunbird weighs 2860 lbs and get 31 mpg, my 2008 Cobalt weighs 2880 and gets 31.5 mpgs. What’s up with 28 years of progress and the same mpgs?

tduck   November 18th, 2008 - 10:08 am

… GM doesn’t need a chevy,buick,pontiac version of the same car .
… members of the UAW , who don’t actually work on the line , don’t deserve the same pay . Line workers are “selling” their bodies .
… come take a tour of the Toyota plant in Georgetown and then tour the FORD plant in Louisville and you will see the difference .

Monica   November 18th, 2008 - 10:30 am

The only way the Industry will survive is to go into bankruptcy. We can’t keep throwing money down that well. Even if they are handed the money, there are no guarantees that they will get out of the mess they are in. They need to put everything on the table and, sorry to say, there will be a lot of job losses. They need to start fresh….

John   November 18th, 2008 - 10:49 am

The UAW finally gets what they got coming.

Boo. Hoo. Hoo.

They are toast anyway. The entire US auto industry’s market cap is $7 billion. GM alone owes $166 billion. It cannot be saved, no matter how much money is thrown at it.

And besides, who in their right mind would purchase one of their cars, since it is likely they will not be in business 6 months from now, let alone 3 years from now?

Bill   November 18th, 2008 - 11:19 am

I have owned 8 cars in my life. The 6 trucks and cars I bought were all GM. I love GM but it is time to let it go.

I remember as a kid in 75 by Dad bought a yellow Toyota celica all the neighbors laughed until they say it never broke down. Then boom the imports were all up and down the street.

I know the chevy will break and the quality is not there but that is why I own the Gm shop manuals to my car and truck.

Pull the plug, if they recover great if not maybe someone will take the assets and make a better go.

Should be a great business plan of what not to do. Greedy executives and greedy labors with questionable quality is a no go.

Travis   November 18th, 2008 - 1:33 pm

I didn’t realize it was the governments job to bail out private sector businesses.
The US is Capitalism, not Socialism.
If they cant adapt and change to meet modern market demands, then maybe it’s time for them to fall.

Chuck Larrabee   November 18th, 2008 - 1:56 pm

Just like the bushies. Trying to use scare tactics. Same crap, different toilet.

Andy   November 18th, 2008 - 1:56 pm

After reading the comments above I am happy to see that there are some savvy people out there. Bailing them out even with govt intervention would be a disaster but it would just come a little later. Let them file BK and I am sure some smart entrepaneur, like Buffet, will buy them out cheaply and restart them profitably. Thats the nature of business. When you become too bloated with non productive people and factories, you should go under. If there is a market there will always be a supplier, and it doesn’t have to be GM, Ford, or Chrysler.

Tim   November 18th, 2008 - 2:29 pm

I’d like to see numbers on how many 100’s of millions of dollars the American auto industry has spent on marketing to convince American men that they can’t be real men, and American women that their children won’t be safe, unless they drive a giant vehicle that belongs on a battlefield rather than a city street. The auto corporations whine “we’re only giving the American consumers what they want!”. WRONG – they have been providing the American consumers with what they have been TOLD to want by the auto and oil corporations. These giant companies know the power of modern advertising – that’s why they spend huge amounts of money on it – they are responsible for the unsustainable markets they have created for the sole purpose of profit above any other consideration.
Time to pay the price.

Mr Flusher   November 18th, 2008 - 2:54 pm

Is Michael Moore producing the commercial?

Flush them along with Moore. Cha Ching!

Apollo   November 19th, 2008 - 8:57 am

The bailout of the “Big Three” is more important than the bailouts of the financial sector. Why the animosity towards the auto industry? Just keep filling up your foreign cars with foreign oil and buy all your cheap foreign products from Wal-Mart, but don’t ask what happened to the American economy. I’m a conservative who despises the UAW primarily because they are extremely inefficient and partly because of their liberal agenda. I guess this is what we can expect for the next four years. I’m not saying everybody else is wrong, but I just don’t see foreign cars as being that great once you get some miles on them. I have owned a Chevy, Ford, Toyota and Honda and I have always had a lot better luck with the Chevys. Gotten a lot better gas mileage and performance too.

Ron Reale   November 19th, 2008 - 9:53 am

Let the ripples begin! Screw any union trying to bankrupt companies.
Management bent over to give these thugs outrageous wages and benefits, It could not last forever.
They should be laughed out of the room when they ask for the money of working Americans to give to these featherbedding thugs and their golden retirement packages.
Go bankrupt, and reorganize. Without the unions, some other manufacturer will come and invest.
The same way the unions destroyed Eastern airlines, they have destroyed the big 3. Say goodbye, they are done. Now sell off the parts and get new companies to run them. The Auto companies down south, where they don’t have a liberal, taxraising, anti-business governor, are doing just fine. Screw Detroit, they are not nearly as important in real life as they are in their minds.
We are looking at corrupt liberal dems trying to pay off their debts to the corrupt union thugs WITH OUR MONEY!
Any politician looking to bail out Detroit without insisting they reorganize under the bankruptcy laws is an idiot, out to pad their own wallet, not look out for the average voter. Beware and remember at election day.

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