Screwed over chrysler dealer speaks out

[AngelinaCat]

http://www.prisonplanet.com/letter-from-a-dodge-dealer.html

[Flamingo]

There is no one not affected in some way by the subprime mortgage mess that created the trickle down effect. Hopefully also people will learn not to take on more debt than they know they can handle (subprime borrowers for example). Many people saw this mess coming and were able to save their money (take it out of the stock market and put it into money markets) and/or sell their businesses in the summer/fall of 2007.

I am wondering what exactly is in the wording of the franchise contract for this business and I am wondering when the class actions suits are going to start.

[JRScott]

You feel for the man and the many others that will be affected.

That's the sad part really, all of us were forced by Obama and the people in Washington to bail out these large industries, but the bailouts were never to help us. That's what so many didn't realize, it was only to help the big donors to the people in Washington.

Everyone should have woke up when the Government backed deal came to light where the government put the unsecured debtors before the secured debtors. It was a deal to pay back those who had put the Democratic led majority into power. It wasn't about even the average UAW worker, it was about their leadership and the millions they pump into politicians pockets.

There will be many more tear jerking stories, many more than the press will ever cover. The suffering will hit many local communities. As I said what most Americans didn't realize is that the bailouts for the car industry, banks, etc wasn't for you. It was for the deep pocket corporate execs. However you do have the power to change the future, you have the power to vote those out of office who led you to this circumstance. You have the power to remove them entirely who sold your grandchildren's time to bail out their buddies but did nothing to save you.

[AngelinaCatHub]

http://alexkurtagicofficial.blogspot.com/2009/01/banknote-shown-above-has-denomination.html

[AngelinaCatHub]

Below is a quote from the site I just put the URL up. It is a short History of inflation. Can anyone but me see a coincidence in strategy that I do? Please read. There will be a test. 'Hub

The banknote shown above has a denomination of 1 milliard billion pengő (1 quintillion in short notation), yet even that was still 100 times smaller than the largest banknote ever printed. In the years immediatelly following World War II, Hungary experienced the worst ever recorded case of hyperinflation, with prices finally doubling every 15 hours. It has been claimed that this hyperinflation was deliberately engineered by Marxists specially trained in the destruction of national economies, who used the uncontrolled impression of banknotes to wipe out the middle class. Hungary's hyperinflation was much worse than the famous hyperinflation of the Weimar Republic, where by 1923 prices were only still doubling every two days.

http://alexkurtagicofficial.blogspot.com/2009/01/banknote-shown-above-has-denomination.html

[anuta]

I agree with both Angelina and JR--most peple didn't realize the largess of the bailout would be for the advantage of large business--only. I don't think that it all started with Obama--just look back over the past several presidents and the associated congresses. Pay to play helped allow CC's to write law that congress passsed.The right and left seem to be skipping down the yellow brick road, arm and arm, leaving the American people behind.

[Ifonly]

You can't blame just the Democrats. As a Democrat, I don't just blame the Republicans (well, expect for the 2005 BK law changes - W. did that all on his own with MBNA's help). Going as far back as Reagan, they all helped deregulate the system in little steps which led to the subprime meltdown. Bush's people are the ones who decided not to regulate the derivatives market. And Clinton before that helped deregulate. They all had a hand in it. And before Obama bailed out the auto makers, Bush bailed out the banks. The existing TARP program in which they HAVE NO IDEA what happened to the first half of the money was his.

Just blame greed - that's what is responsible for all of it. I think it used to be that CEO's, presidents, business owners and the like were happy having a large home for the families, retirement money, a few nice cars, maybe a little vacation spot. Now they all want to live like Jay-Z and if they have to fire 2,000 of their employees to do it, so what? Business owners like this Chrysler dealer who give back to the community are a dying breed. It really comes down to that when it comes to money, we just don't treat each other very well.

[AngelinaCatHub]

I agree with both posters above mine. It is NOT just the Dem's. It is the "Politicians" as we have no "statesmen" anymore. Greed is a good excuse, but it is greed of power. I don't believe in regulating private companies, except to keep them within the law. No not an oxymoron, what I mean is, we have usury laws that could be put into force and all would have to stay within the bounds. To MAKE a specific company or industry do something is Socialism, and to take over the business is Fascism. 'Hub

[Rahaton]

'Hub,

I am curious what do you see as the alternative here. This is not the result of Obama over the past few months, but rather the macro-economic chickens coming home to roost from years of structural problems with our economy. The truth of the matter is that economically speaking our pockets have already been picked over the course of the last several decades. We are only now seeing it directly.

You don't need to worry about Weimar style hyper-inflation but you should assume that half(or some percentage) of your dollar is not really there, after a while it will inflate to match the correct value. We can either take it and get it over with or we can let if fester and get worse.

[Mi Bankruptcy]

I am in my mid 30's and I could see all of this coming. To prove my point I turned down $24.00/hr job when I was making $9.00-$10.00/hr. Yes, it was a Delphi/GM job. I went to school to get that piece of paper that said I am allowed to make that money. When I was buying my home I talked to older people about home prices. My thought was how can we sustain this kind of growth in home prices & real estate when all the jobs are leaving the U.S. ? No new technology is being created other than the 90's with the big boom that we are still living off today.

However, I have hope. I hope we will sell to China when the demand is so huge that greed forces businesses to open up and sell to them. I have hope that "YES' the green liberal technology is real and can be created here in America. I have hope in 50 years the U.S. will not be "AS" worried about fuel and we will watch as China starts to deal with what the U.S. is now dealing with because demand is so high. I have hope as the Baby Boomers become older and health care becomes a priority we will take care of this country and it's citizens while creating new technology in health care( demand). I know their is PAIN and people are suffering.. However. I have hope the U.S. market resets itself and I will be the teacher of my kids on how to live and give and not to just be a consumer. I am sorry.. I know politics is bad and their is too much doom and gloom.. I have hope & faith.

[holding on]

It doesn't take a rocket scientist to see how quickly this would be turned into an anti-Obama anti-democrat post. EVERYONE contributed to this unfortunate situation the dealer had to go through. It has NOTHING to do with a bailout, this bad economy as has been stated earlier, is a result of the subprime mortgage fiasco.

If no bailout existed the dealer would STILL be facing a hugely rough time. After all Chrysler made insisted he go into multi million dollar debt to renovate. So what does any statement about bailout or free market economy have to do with that?

So please, let's start thinking before just posting blanket blaming and outright inflammotory statements.

[shabam]

I have little respect for car dealers. While they are not all the same, many have been ripping people off and exploiting others for years. Now that the tide has turned, they are kicking and screaming. Poor me Poor me.

There are not too many other industries or products where you have to negotiate the price and waste time doing so. The whole dealer system needs to go. I should be able to go to a store or warehouse, pick out my car and pay the minimum price the manufacturer is asking. Giving the dealer a few thousand, in commission, to remove plastic covers is ridiculous. I also love the paperwork fee many charge.

There are a hell of a lot of dealers that are multimillionaires for doing what, absolutely nothing. So spare me the tears and heartache.

[holding on]

I think you're being way too harsh. If consumers don't enforce their superpowerful right to not spend money for nothing, you can't blame the car dealers.

I just find it laughable that a company runs itself horribly for decades providing subpar products, and as soon as they start going belly up its because Obama and the democrats turning the country socialist. Insane.

[Abbey]

http://www.prisonplanet.com/letter-f...ge-dealer.html

Welcome to Obama land you wanted change you got it

[Mi Bankruptcy]

Welcome to Obama land you wanted change you got it

The US automakers and UAW are just as much to blame for their current problem. They didn't learn from the 70's about having cars that were fuel efficient.

I understand the public didn't care about having fuel efficiency. I am also to blame for my SUV & fuel consumption. However, why didn't these U.S. auto dealers have a plan in place to quickly transform their company to producing fuel efficient cars? They should have had a host of hybrid vehicle ready to be produced. They lacked innovation,strategic planning & a plan to execute a strategic plan to transform their industry.