GM Rationalizing Bailout Via Email to Consumers

Posted on November 18th, 2008 in Daily Stock Market / Economic News - The Real Story, Mr Mortgage's Personal Opinions/Research

I just got this via email. They try to blame it on the economy.  Why don’t they tell us what went wrong during the boom times. This is a joke. – Best, Mr Mortgage

Actual email I received today…

An urgent message to GM owners

“You made the right choice when you put your confidence in General Motors, and we appreciate your past support. I want to assure you that we are making our best vehicles ever, and we have exciting plans for the future. But we need your help now. Simply put, we need you to join us to let Congress know that a bridge loan to help U.S. automakers also helps strengthen the U.S. economy and preserve millions of American jobs.

Despite what you may be hearing, we are not asking Congress for a bailout but rather a loan that will be repaid.

The U.S. economy is at a crossroads due to the worldwide credit crisis, and all Americans are feeling the effects of the worst economic downturn in 75 years. Despite our successful efforts to restructure, reduce costs and enhance liquidity, U.S. auto sales rely on access to credit, which is all but frozen through traditional channels.

The consequences of the domestic auto industry collapsing would far exceed the $25 billion loan needed to bridge the current crisis. According to a recent study by the Center for Automotive Research:

• One in 10 American jobs depends on U.S. automakers
• Nearly 3 million jobs are at immediate risk
• U.S. personal income could be reduced by $150 billion
• The tax revenue lost over 3 years would be more than $156 billion

Discussions are now underway in Washington, D.C., concerning loans to support U.S. carmakers. I am asking for your support in this vital effort by contacting your state representatives.

Please take a few minutes to go to www.gmfactsandfiction.com, where we have made it easy for you to contact your U.S. senators and representatives. Just click on the “I’m a Concerned American” link under the “Mobilize Now” section, and enter your name and ZIP code to send a personalized e-mail stating your support for the U.S. automotive industry.

Let me assure you that General Motors has made dramatic improvements over the last 10 years. In fact, we are leading the industry with award-winning vehicles like the Chevrolet Malibu, Cadillac CTS, Buick Enclave, Pontiac G8, GMC Acadia, Chevy Tahoe Hybrid, Saturn AURA and more. We offer 18 models with an EPA estimated 30 MPG highway or better — more than Toyota or Honda. GM has 6 hybrids in market and 3 more by mid-2009. GM has closed the quality gap with the imports, and today we are putting our best quality vehicles on the road.

Please share this information with friends and family using the link on the site.

Thank you for helping keep our economy viable.

Sincerely,

Troy Clarke”

18 Responses to “GM Rationalizing Bailout Via Email to Consumers”

  1. Thank you GM with GMAC for helping crush our economy…FU!

  2. That is too funny Mr. M. because I got this letter from GMCA…

    “You made the right choice when you put your confidence in GMCA, and we appreciate your past support. I want to assure you that we are making the best vehicles possible when you consider our bloated union salaries and massive health care cost. Once you factor in our ponzi scheme pension funds (like our national S/S program) it is no wonder we are still in business. We do have some exciting plans for the future. But we need your help now. Simply put, we need you to join us to let Congress know that a bridge loan to help U.S. automakers is imperrative to our survival. You see because we are so top heavy and have made so many poor decisions over and over and over again we are… well broke to be honest.

    With your help however we can preserve millions of overpaid American jobs when factoring in our competition. You see we feel we are entitled to these bloated union contracts that leave us at a huge disadvantage to our competitors and we know we will ruin the company and eventually falter as a result of our greed, but screw it all we care about is ourselves. Future generations can get their own like I got mine…

    Despite what you may be hearing, we are not asking Congress for a bailout but rather a loan that will be repaid. We don’t know when we will repay it (hint… probably never), but hey what’s a couple of TAX PAYER’s Billions of dollars between friends (your political campaign contribution check is in the mail as soon as this bill gets passed… trust me!).

    The U.S. economy is at a crossroads due to the worldwide credit crisis, and all Americans are feeling the effects of the worst economic downturn in 75 years. Despite our unsuccessful efforts to restructure, reduce costs and enhance liquidity, U.S. auto sales rely on access to credit, which is all but frozen through traditional channels because people are simply broke.

    The consequences of the auto industry collapsing would far exceed the $25 billion loan needed to bridge the current crisis. According to a recent study by our Centre for Automotive Research (you know our research company).

    • One in 10 over priced American union jobs depends on U.S. automakers because we are one of the only unions left and for good reason… we think?

    • Nearly 3 million jobs are at immediate risk throughout the economy, but we are auto manufacturers and unions so we take TOP priority. Let’s get it done!

    • U.S. personal income could be reduced by $150 billion and people will not make $20.00 per hour sweeping floors anymore. We could see wages reduced to what everyone else in the real world is paying…

    • The tax revenue lost over 3 years would be more than $156 billion and the politicians will cry about that so we have them in our pockets!!! They will a

    Discussions are now underway in Washington, D.C., concerning loans to support U.S. carmakers. I am asking for your support in this vital effort by contacting your state representatives.

    Please take a few minutes to go to http://www.gmfactsandfiction.com, where we have made it easy for you to contact your U.S. senators and representatives. Just click on the “I’m a Concerned American” link under the “Mobilize Now” section, and enter your name and ZIP code to send a personalized e-mail stating your support for the U.S. automotive industry.

    Let me assure you that General Motors has made dramatic improvements over the last 10 years. In fact, we are leading the industry with award-winning vehicles like the Chevrolet Malibu, Cadillac CTS, Buick Enclave, Pontiac G8, GMC Acadia, Chevy Tahoe Hybrid, Saturn AURA and more. We offer 18 models with an EPA estimated 30 MPG highway or better — more than Toyota or Honda. GM has 6 hybrids in market and 3 more by mid-2009. GM has closed the quality gap with the imports, and today we are putting our best quality vehicles on the road.

    Please share this information with friends and family using the link on the site.

    Thank you for helping keep our economy viable.

  3. Delete that please as I was not done and hit enter by mistake… Sorry!

  4. dont give them a penny unless the DEMOCRATS make them rework EVERY UNION contract and make them once agin able to compete with toyota who does it for almost $30 LESS AN HOUR

  5. instead of visting congress

    why don’t they go see prospects

    because selling cars is hard work

    buying off congress is easy

  6. Actually it is the “dramatic improvements” part that I really want deleted…

    People are not buying new cars anymore anyway. Everyone has one!!! How many shit boxes do you see now? In the 70’s and 80’s it was like what 1 in 10? Now it is more like what 1 in 200? I mean seriously you don’t see beat boxes anymore.

  7. And when exactly would this bridge loan be repaid? When is GM going to create cars people actually want to buy? Fuel efficient, stylish… Not to mention they all use imperial MPG in Canada, and most of GM cars barely reach 30 on the highway!

    I would be outraged if my tax dollars were being spent so someone can maintain their 60$ an hour wage.

  8. Don’t worry C Jack it will NEVER pass. Republicans are too smart and Democrats to scared to go there by themselves…

  9. I got a similar email from a GM dealer and replied I wasn’t interested in being an unpaid lobbyist for GM.

    I watched the Big 3 begging in front of Congress. The best question/comment was they should be evaluated individually to see if they were going concerns – in a shrinking market there isn’t need for 3, you could have heard a pin drop. To qualify for the pending $25B energy efficiency loan they have to attest they expect to be a going concern – so they’re either lying or arguing against themselves

  10. Stu, I can’t believe it. Haven’t you learned that what ever the American populace wants our gov’t to do, they do the exact opposite. I bet this will go through. Our (oops it’s not ours, it’s the powerful special interest LIKE THE CAR industry and Unions) Congress is just putting up a show, in hopes of appeasing the public.

    Just watch. They will get the money.

  11. od, no! not this time… too much exposure for the liberals to pull off. Too many conservatives left (TG) to allow it. Not happening, this time anyway… maybe in January and it will be even a bigger mistake then!

  12. This may sound mean,and I’m sure his speech impediment is legit, but isn’t ironic that Barny Frank, the chairman of the Financial Committee sounds like a bumbling retard.

    How appropriate. ; P

  13. You are mean… but I love it! He is such a shill and such a waste of space and time. What kills me is the voters decided he was the “best” candadate. Kind of tells you all you need to know about Mass voters huh? Sinful…

  14. He’s killing me! He reminds me of a Disney character, but I can’t picture who??!

  15. “Despite what you may be hearing, we are not asking Congress for a bailout but rather a loan that will be repaid.”
    REPAID?? From what…the profits?? wait, there haven’t been any profits!!
    The statement above is true to a point, until “we” go chapter ll and then the loan won’t get repaid…will it?
    25B$ won’t do shit. This would be money thrown away.
    Full disclosure.. I own three GM vehicles.

  16. My Chevy Tahoe started leaking today…or was it crying?

  17. Here is an “inconvenient truth” for people who think GM only builds “gas guzzling behemoths”. GM builds 18 vehicles that get 30+ mpg. That is about the same number as Toyota, Honda and Nisan combined. What the foreign
    automakers business blueprint includes is US taxpayers
    taking care of their retirees when they jetison them after 30+ plus years of loyal servitude. When the Big 3
    “shed” their pension and health care responsibilities, who do you think wil pick up that tab? With many new and inovative products coming out in the next 1.5 years, doesn’t a bridge loan sound like a better alternative?

  18. After listening to the stinking, whining, threatening UAW president, and the Three Begging Stooges, I swear, if they get any bailout loan with my tax money, I will never, ever, buy a FORD, GM, or Chrysler again.

    Let ’em feel the PAIN! Those whining, overpaid, arrogant, jet-setting CEOs and their whining, overpaid, arrogant UAWs.

    (And I’ve been scouring EBay and Craigslist for GM gas-guzzling classics. That purchase is on hold now.)

    So there.

    JAllen

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>