Traveling To Washington!

Detroit’s Big Three automakers will not be flying on their private corporate jets to Washington to ask for $25 billion in bailout money. The last time they came to Washington they all flew in on their corporate jets, which they where criticized for. I was reading that GM Chief Rick Wagoner would be driving in a company car as well as Ford Motor Co. CEO Alan Mulally. Chrysler LLC CEO Robert Nardelli also will not be taking the corporate jet out. The Chrysler spokeswoman said his travel plans would remain secret for security reasons. So I’m guessing that means he either taking a bus or someone is driving him in, I’m going with a driver. Anyway at lease they got a little smarter by simply driving this time. Maybe this act or show their putting on will get them the money they want, which I’m sure it will in the end.

Tags: Automakers, Bailout Money, Detroit’s Big Three, U.S. Congress

GM In Trouble!

Things are only getting worst with GM. They’re telling their employees that more production jobs are going to need to be cut. GM is also cutting their salaried staff people as well. This is all in hopes of saving cash to get them through this year. But what will happen starting next year is my question? Are they just stalling their bankruptcy proceedings, or are they wanting to Obama comes into office? If they could stay alive until Obama comes into office they might have a chance. That’s because Bush doesn’t want to give out anymore money, but Obama wants to help the automakers. I think President Bush knows that it would be a waist of taxpayer money to help the automakers. So I guess this could be Obama’s first big mistake if he gives the automakers the money they’re seeking.

Tags: Chrysler, Ford, GM

Our Economy!

Now that Detroit’s Big Three need to submit a business plan to Congress who knows what will happen to General Motors Corp., Ford Motor Co. and Chrysler LLC. I don’t think they will have enough time to get this plan to them before Congress goes on their 2-month vacation, must be nice. The Dow Jones dropped almost 450 points. Making this week one of the worst it’s seen in many years. I would like to say that this bailout plan for General Motors Corp., Ford Motor Co. and Chrysler LLC. Is not a good idea? They need to do themselves out of this whole. I’m sick and tired of the Government handing out money to any big businesses out there. We also need to stop handing out money to banks; it’s not working. And what about people like me, who’s lost a lot of money in their 401k’s. First they destroy our economy, then our 401k’s, and now they want use to bail them out. Does this make since to anyone out there, because it makes no since to me. I say let them all fold, who really cares at this point. Our economy is in the trash and there’s no relief in sight. The White House isn’t an ATM!

Tags: Economy

Ford Motor Co!

I just read a report online that reported Ford Motor Co. lost $129 million in the 3rd quarter. And on top of the huge lost they also blow away $7.7 billion in cash. If you ask me, instead of trying to grow at this point you should maybe try to cut back some. Ford Motor may have peak and is now to cut back with the times. If they haven’t already they should also stop making so many trucks. People in today’s world are not buying trucks anymore. The only ones buying trucks are the people who really need them for work related stuff. Now I know that trucks carry the biggest profit for any automaker, but you can’t make money if their sitting car lots across America. People want better fuel economy cars, and that’s what all automakers should be focusing on, which I think they are. Anyway, Ford and other automakers need to get their acts together or they will be closing factories across America. And the only ones that will get hurt are the people working in these high paying factory jobs.

Tags: Ford Motor