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| Interesting email from GM http://bbnovaracing.com/forum/viewtopic.php?f=1&t=16526 |
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| Author: | Susie [ Nov Tue 18, 2008 3:02 pm ] |
| Post subject: | Interesting email from GM |
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 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. Sincerely, Troy Clarke It is really easy to click on the link and send a message to your senator and or represenitive. I hope that you all do this. |
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| Author: | RICK MILLER [ Nov Tue 18, 2008 3:24 pm ] |
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Sent!!! |
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| Author: | underdog [ Nov Tue 18, 2008 4:16 pm ] |
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Done |
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| Author: | underdog [ Nov Fri 21, 2008 1:27 pm ] |
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Okay, I'd like to find out if he actually emailed me or if this is a copy and paste with no meaning. Here is my email: Dear Mr. Anderson, Thank you for taking the time to contact me about government loans to the Big Three auto companies. I appreciate knowing your concerns. The auto industry is vital to Michigan's economy. General Motors, Ford and Chrysler account for roughly 65 percent of U.S. auto production and support millions of jobs across all 50 states. According to a recent report released by the Center for Automotive Research, the failure of even one U.S. automaker would mean the loss of millions of jobs and cost our economy hundreds of billions of dollars in lost wages and local and state tax revenues. Michigan is already suffering from one of the highest unemployment rates in the nation. If Michigan loses the auto industry, the state could face mass worker dislocation and a near total erosion of its tax base as a result. The consequences to local communities, our state government, and our country would be devastating. I signed a letter, along with all of Michigan's Members of Congress and Senators, asking the House and Senate to provide financial assistance to the U.S. automotive industry before the end of the year. Assistance from the federal government is critical to protecting the millions of jobs supported by the U.S. automotive industry, as well as the U.S. economy, which is suffering from a widespread economic crisis that extends well beyond the vital automotive sector. On November 18 and 19, the House and Senate held separate hearings where the auto industry executives, union leaders and others testified. Many ideas and concerns were raised but the Senate was unable to reach an agreement to help the auto companies. However, leaders of the House and Senate have asked the auto company executives to submit plans to Congress by December 2, 2008, describing how the companies will transform themselves into viable competitors, if granted federal loans. If these plans are submitted, it is likely that Congress will consider their proposals in December. Thank you again for taking the time to contact me. With best wishes, I am Sincerely, Vernon J. Ehlers Member of Congress |
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| Author: | Safari-wagon [ Nov Fri 21, 2008 3:24 pm ] |
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That letter from GM doesn't cover the devastating impact that would occur to the Pension Guarrantee Board if the Big 3 filed Ch 11 & dumped their pensions on the US Govt. (65% loss to the pensioner) The loss of state tax revenue. The loss of $5-8Billion to the hospital/insurance industry The increase in Medicare/Medicade costs to the state when folks lose their medical benefits. and the beat goes on... |
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| Author: | kireol [ Nov Fri 21, 2008 5:14 pm ] |
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I'm downloading Rosetta Stone to learn Mandarin Chinese so I can speak the language of our new overlords. |
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| Author: | underdog [ Nov Tue 25, 2008 7:22 am ] |
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Here is the next email I recieved. Thank you . . . . . for contacting me about providing financial support to the American automotive industry. I agree with you, and I'm fighting in the Senate to protect our manufacturers and Michigan workers. I have led our efforts in the Senate to help the Big Three. In September, the Senate passed a retooling program to provide auto manufacturers with $25 billion in loans to modernize aging plants. This program, which was signed into law, will help automakers begin building the next generation of fuel-efficient vehicles. Our automakers have been working hard to restructure their businesses to meet the manufacturing needs of the 21st Century. Their employees have sacrificed with job losses and cuts to pay and benefits. We are seeing the generation that created the middle class give up retirement benefits for the survival of the companies they worked for so long to support. Unfortunately, this global economic crisis comes at the worst possible moment for the Big Three, which is why the federal government needs to step in and help. I am fighting in Congress to give the automakers access to an additional $25 billion in loans out of the $700 billion financial rescue package passed earlier this year. This bridge loan is only a small fraction of the amount we're giving to Wall Street, but investing it in the automotive industry would protect our manufacturing economy and millions of American jobs. The American automotive industry helped create the middle class. We cannot allow these companies to fail. One out of every ten jobs in our country is auto-related. The loss of the Big Three would cost at least 2.5 million jobs, devastating not only the people of Michigan, but the entire country. With the loss of these jobs, even more families will struggle to pay the mortgages on their homes or to make everyday purchases, expanding the current economic crisis to levels we can hardly imagine. Know that I will continue to do everything I can to support the domestic automakers and American workers through this economic crisis. We cannot allow the country to be dependent on foreign technology when the creativity and innovation is right here in the United States. Thank you again for contacting me about this urgent matter. Please continue to keep me informed about issues of concern to you and your family. Sincerely, Debbie Stabenow United States Senator |
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| Author: | underdog [ Dec Sat 20, 2008 5:18 am ] |
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Brian Anderson, Last week . . . . . after a minority in the Senate blocked passage of bridge loans for the automotive industry, I called on the administration to step up and save the manufacturing base in our country. I am pleased that they have taken action to provide the necessary bridge-loan to help our automakers through this global credit crisis, and preserve jobs here at home. While today's actions may not be perfect, and come later than I had hoped, this investment will ensure that our domestic automakers will stay solvent into the new year. Unfortunately, the administration's plan also calls for unfair, punitive conditions placed on the backs of workers - who have already made major concessions. I look forward to working with President-elect Obama and the new administration to ensure the viable future of our domestic automobile industry and to develop a 21st century manufacturing policy that will invest in good-paying, middle-class jobs. I will also work with him and my colleagues in the Senate and House to make this a better package that is fair to all parties involved, including middle-class workers. Sincerely, Debbie Stabenow United States Senator |
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