Originally posted by Mister E.
Think of how that would affect the economy and business in the us. I don't think the government will allow an audit, and if they did, it would show
everything is ok and nothing is wrong as they keep us in the dark about it. And to think, these are the guys helping out car companies, banks, and
other bailout business in the us.
I'm sorry, but do you actually own a company or are you at least an executive within a company?
Well I do. And not only do I, but I also work with all the major car companies. I was 100% against the bailout and they aren't helping me at
all.
Yes, I have watched my revenue decline with haste over the past year and a half. To the point where the auto industry isn't even our main focus
anymore.
The only companies it helps out are those who keep getting big corporate loans. And news flash, that is not the majority of companies or businesses
out there. It is only the wall street corporations.
In fact, due to the inflation and increased prices due to the printing up of more money, it has actually hurt my company a good bit. My company is
debt free and doesn't borrow money. This means that as they print up more money, they are taking away the purchasing power my company has. And
while we may operate on savings rather than debt, it's not an unlimited supply. We've had to cut many "non-essential" employees pay just to try
and keep the overhead down.
As it turns out, giving GM and these companies billions of dollars doesn't help people buy cars. It doesn't help anyone. If GM should start
spending that money in a way other than paying off their existing loans, I'll be sure to let you know. But thus far this year they have just gotten
worse. I work with all the manufactures and they rank very low on my totem pole.
And I'm actually someone who has been a fan of chevy my entire life.
Turn off your TV and quit thinking wall street has much at all to do with the health of most companies. Propping up failed businesses doesn't help
anyone. There is a reason they were failing. I completely wish they had just gone under, would have been better for me. I might would have
lost a buyer/customer but it doesn't really matter if people aren't buying cars.