Dargo
Super Member
- Joined
- Mar 6, 2004
- Messages
- 5,981
- Location
- S. IN
- Tractor
- Jinma, Foton, TYM, Belarus, Yanmar, Branson, Montana, Mahindra and maybe some green and orange too.
I'm more of a forgiving person. I give people a chance to make things right.
Some of the banks that got money a year ago paid it back already. Chrysler paid its' rescue money back with interest in the 80's in their first bailout. Chrysler remained healthy for 20+ years because of that loan and America reaped the benefits in jobs, GDP and tax revenues.
I will give them a chance to make good on paying the money back rather than say the blew it already.
Yes, Chrysler did pay the government back largely with the vision of Lee I. Unfortunately, GM has already stated that it will not be possible for them to pay the money back, thus the "New GM". They've written off the "old GM" like the debts it owed.
Some of their new policies are a recipe for failure as well besides being unethical. They forced new dealer agreements down dealer's throats that, among other things, destroyed their protected selling area. A good friend of mine has had a GM dealership in their family in a rural area for 3 generations. Due to the "New GM" rules, GM has allowed a larger 'city' dealer from another state put up a larger dealership selling the same vehicles less than a half a mile from their dealership. When they pleaded their case to GM about how a competing dealership a half mile down the road from them would kill them after 3 generations of loyalty to GM, GM's response was a simple 'you may no longer be the type of dealer we want'. Unfortunately, that's what we get with Government Motors.
Maybe I shouldn't have let it influence me, but I passed on a medium duty Cat powered GM rollback truck because I just can't support Government Motors. Honestly, I'd really like to find a medium duty rollback that is 4X4 like your dump truck. I've only owned 2 dump trucks, one tandem and one single axle, and I managed to constantly get them stuck when I was building my lake. If they had just a little more grip, such as would be provided by the front wheels turning, I wouldn't have had to stop working another piece of equipment and go pull them out.