why should car makers be baled out??
Discussion
I say let them stand alone. If they havn't got some liquid cash put back for rainy days then shame on them. I'm part of a family business that has been going for 80 years, We pay our taxes on time when asked but what would the answer be if we asked for some bale out money?? I think i know what the answer would be. FEK OFF probably..lol
Martin
Martin
And stick hundreds of thousands on the dole, lose all that skill set forever? Do you realise that 10% of our export economy has been down to the car industry? Do you realise that 800,000 jobs in this country rely on it?
You'd stick almost a million people on the dole purely based on your family business model?
lol indeed.
You'd stick almost a million people on the dole purely based on your family business model?
lol indeed.
Edited by flasher on Monday 22 December 19:32
flasher said:
And stick hundreds of thousands on the dole, lose all that skill set forever? Do you realise that 10% of our export economy has been down to the car industry? Do you realise that 800,000 jobs in this country rely on it?
You'd stick almost a million people on the dole purely based on your family business model?
In the short term it would be painful (lots of unemployment) but *in theory* better businesses will rise out of the ashes. So in the long term, baling out may not be the right thing to do.You'd stick almost a million people on the dole purely based on your family business model?
In many respects, the country NEEDS a shakedown, however painful it may be in the short term.
Just out of interest, where should/does the money come from to bale out companies? that funding will run dry. Well it already has as the govt. are having to borrow even more (causing much greater problems further down the line). This will follow with much higher taxation (there's only so much we can borrow else we'll bankrupt the country). This in turn will lower the spending power of the public meaning even LESS to spend on cars.
The worse option will probably be taken as politians NEVER go for the right long term solution (there's no votes in having done the right thing 10/20 years ago....)
Edited by Dracoro on Monday 22 December 19:46
Dracoro said:
flasher said:
And stick hundreds of thousands on the dole, lose all that skill set forever? Do you realise that 10% of our export economy has been down to the car industry? Do you realise that 800,000 jobs in this country rely on it?
You'd stick almost a million people on the dole purely based on your family business model?
In the short term it would be painful (lots of unemployment) but *in theory* better businesses will rise out of the ashes. So in the long term, baling out may not be the right thing to do.You'd stick almost a million people on the dole purely based on your family business model?
In many respects, the country NEEDS a shakedown, however painful it may be in the short term.
Just out of interest, where should/does the money come from to bale out companies? that funding will run dry. Well it already has as the govt. are having to borrow even more (causing much greater problems further down the line). This will follow with much higher taxation (there's only so much we can borrow else we'll bankrupt the country). This in turn will lower the spending power of the public meaning even LESS to spend on cars.
The worse option will probably be taken as politians NEVER go for the right long term solution (there's no votes in having done the right thing 10/20 years down the line....)
flasher said:
And stick hundreds of thousands on the dole, lose all that skill set forever? Do you realise that 10% of our export economy has been down to the car industry? Do you realise that 800,000 jobs in this country rely on it?
You'd stick almost a million people on the dole purely based on your family business model?
lol indeed.
Which is why we should never have closed the pits, sold the steel industry, closed our ship yards etc....You'd stick almost a million people on the dole purely based on your family business model?
lol indeed.
Sometimes it's better to prop up manufacturing through recessions rather than end up funding generations of dole claimants.
martin thomas said:
I say let them stand alone. If they havn't got some liquid cash put back for rainy days then shame on them. I'm part of a family business that has been going for 80 years, We pay our taxes on time when asked but what would the answer be if we asked for some bale out money?? I think i know what the answer would be. FEK OFF probably..lol
Martin
You'd end up with a few million unemployed and paying dole would cost far more than any bailout plus there will be an election coming up soon and a lot of those who work for the car or related industries are Labia voters. Just common sense really Martin
falcemob said:
martin thomas said:
I say let them stand alone. If they havn't got some liquid cash put back for rainy days then shame on them. I'm part of a family business that has been going for 80 years, We pay our taxes on time when asked but what would the answer be if we asked for some bale out money?? I think i know what the answer would be. FEK OFF probably..lol
Martin
You'd end up with a few million unemployed and paying dole would cost far more than any bailout plus there will be an election coming up soon and a lot of those who work for the car or related industries are Labia voters. Just common sense really Martin
It's probably also the wrong long term decision to make though.
Yes, there'll be a lot of short/medium term unemployment (which may cost more than any bale out) but it will be the cheapest and best long term option.
Anyway, as I say, no-one really cares about the long term anyway.
Alfa_75_Steve said:
flasher said:
And stick hundreds of thousands on the dole, lose all that skill set forever? Do you realise that 10% of our export economy has been down to the car industry? Do you realise that 800,000 jobs in this country rely on it?
You'd stick almost a million people on the dole purely based on your family business model?
lol indeed.
Which is why we should never have closed the pits, sold the steel industry, closed our ship yards etc....You'd stick almost a million people on the dole purely based on your family business model?
lol indeed.
Sometimes it's better to prop up manufacturing through recessions rather than end up funding generations of dole claimants.
I work in manufacturing (Civil aerospace) only the strongest survived after 9/11 currently we aren't losing any major orders at the moment but it will come. Aerospace is always the last to be affected by the recession but its also the last to come out.
I do see the OP's point though. Why should we the tax payer give our money to Tata owned Jaguar/Landrover when they clearly have funds. They bought this company for just over £1 billion pounds and were asking for money from the government to maintain it through this recession. (most probably with the threat of taking the jobs to a low cost country. (anybody fancy an Indian built Jaguar ?) it goes against the luxury branding.
Any money pumped into failing businesses should be for a part/full ownership. If the government want to help they should try buying it for a discounted amount if its losing money. Once its owned by the tax payer then I agree they should put some money into the company for a limited period. it must be cheaper than paying for benefits for generations to come.
When/if the financial crisis improves they can sell again and make a profit.
I do see the OP's point though. Why should we the tax payer give our money to Tata owned Jaguar/Landrover when they clearly have funds. They bought this company for just over £1 billion pounds and were asking for money from the government to maintain it through this recession. (most probably with the threat of taking the jobs to a low cost country. (anybody fancy an Indian built Jaguar ?) it goes against the luxury branding.
Any money pumped into failing businesses should be for a part/full ownership. If the government want to help they should try buying it for a discounted amount if its losing money. Once its owned by the tax payer then I agree they should put some money into the company for a limited period. it must be cheaper than paying for benefits for generations to come.
When/if the financial crisis improves they can sell again and make a profit.
falcemob said:
martin thomas said:
I say let them stand alone. If they havn't got some liquid cash put back for rainy days then shame on them. I'm part of a family business that has been going for 80 years, We pay our taxes on time when asked but what would the answer be if we asked for some bale out money?? I think i know what the answer would be. FEK OFF probably..lol
Martin
You'd end up with a few million unemployed and paying dole would cost far more than any bailout plus there will be an election coming up soon and a lot of those who work for the car or related industries are Labia voters. Just common sense really Martin
Martin
Turbo5 said:
I work in manufacturing (Civil aerospace) only the strongest survived after 9/11 currently we aren't losing any major orders at the moment but it will come. Aerospace is always the last to be affected by the recession but its also the last to come out.
I do see the OP's point though. Why should we the tax payer give our money to Tata owned Jaguar/Landrover when they clearly have funds. They bought this company for just over £1 billion pounds and were asking for money from the government to maintain it through this recession. (most probably with the threat of taking the jobs to a low cost country. (anybody fancy an Indian built Jaguar ?) it goes against the luxury branding.
Any money pumped into failing businesses should be for a part/full ownership. If the government want to help they should try buying it for a discounted amount if its losing money. Once its owned by the tax payer then I agree they should put some money into the company for a limited period. it must be cheaper than paying for benefits for generations to come.
When/if the financial crisis improves they can sell again and make a profit.
well said that man!!I do see the OP's point though. Why should we the tax payer give our money to Tata owned Jaguar/Landrover when they clearly have funds. They bought this company for just over £1 billion pounds and were asking for money from the government to maintain it through this recession. (most probably with the threat of taking the jobs to a low cost country. (anybody fancy an Indian built Jaguar ?) it goes against the luxury branding.
Any money pumped into failing businesses should be for a part/full ownership. If the government want to help they should try buying it for a discounted amount if its losing money. Once its owned by the tax payer then I agree they should put some money into the company for a limited period. it must be cheaper than paying for benefits for generations to come.
When/if the financial crisis improves they can sell again and make a profit.
martin thomas said:
falcemob said:
martin thomas said:
I say let them stand alone. If they havn't got some liquid cash put back for rainy days then shame on them. I'm part of a family business that has been going for 80 years, We pay our taxes on time when asked but what would the answer be if we asked for some bale out money?? I think i know what the answer would be. FEK OFF probably..lol
Martin
You'd end up with a few million unemployed and paying dole would cost far more than any bailout plus there will be an election coming up soon and a lot of those who work for the car or related industries are Labia voters. Just common sense really Martin
Martin
On the basis of your argument we would shut down the rail network because the goverment has to subsidise it, along with countless other public services.
As I said earlier, you can't base your entire argument on the business model of the firm you run. its utter nonsense.
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