Glad i'm NOT American.!

  Geronimo. 01:10 05 Dec 2008

worry's me to be involved in all this, although ive not had ANY part to play in it, it will cost me thousands of pounds for misstakes IVE not made, worries me, im simply glad i'm NOT american as they clearly see the eye of the storm before us..

click here

click here


clause after clause for the THREE can it be done..? & yes this will have a serious affect on us lot over here...

  Geronimo. 01:14 05 Dec 2008

i think MORE depends on these for the american economy than the "Blast Door's" of the Banks going under...we are no way through this yet...& NOW looks like this is going to get VERY VERY dark..

  24/7 02:09 05 Dec 2008

NOW this is late & a few whiskey's later however...yeah this is a serious pig sty we are all in & i cant see it getting better in the next three years maybe four.

  Mr Mistoffelees 07:37 05 Dec 2008

Looks like "the big three" are finally paying the price for continuing to churn out, poorly designed and built, gas-guzzlers.

  €dstowe 07:38 05 Dec 2008

With a moniker like yours, I would have thought you were American.

  Picklefactory 08:11 05 Dec 2008

I don't think NOT being an American makes that much of a difference. The US is such a huge market for us, Europe and the rest of the world that when they struggle, we also struggle to a certain extent. There are many, many companies here that supply to the US, and are being hit hard by lack of demand from there.
As 24/7 states, it's likely to get much worse before it gets better.

  interzone55 08:35 05 Dec 2008

Looks like a clause of any US government help would be that none of the money leaves the US, so maybe Ford & GM's foreign operations will suffer in a big way.

btw The bosses of the big three didn't help their cause flying to Washington for the first begging session on their corporate jets, this time they're driving in hybrid vehicles...

  Forum Editor 01:05 07 Dec 2008

of blaming the current economic climate for job cutting exercises, and fourm member's right - a lot of it is simply going to be what he calls Corporate Machismo.

A company like General Motors has got some nerve, saying that it wants to borrow $18 billion dollars if it is to avoid imminent collapse, as if that situation has arisen almost overnight.

The best suggestion by far is to let the US banks convert car manufacturers' bank debts into equity. That way the car companies will get the benefit of US taxpayers funds without any big chunks of cash being handed over - the banks have already been allocated $700 billion.

The interesting fact is that 60% of the american public is opposed to any public funding to support ailing car companies, and so are many Washington politicians. The fact remains however, that if a company like general Motors was to fold it would mean job losses on a massive scale, and that isn't something that any administration wants to face unless it has to.

What all this has to do with americans being able to "clearly see the eye of the storm before us." I'm not sure - the eye of the storm is the calm part.

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