The Chinese want to buy GM and Chrysler now

http://www.agoracosmopolitan.com/home/Frontpage/2008/11/19/02867.html

What if they just want to steal the technology, strip the factories and ship the whole damned thing to Beijing? We also owe a lot of our debt to them so they might just be able to do it. I can't believe our country got this bad.

So what if they do?

This isn't a popular vote thing; there are people that own those companies, and they can choose to sell it if they wish, our wants/needs be damned.

Whatever the new buyer wishes to do with it is their own business, not ours. If they want to burn it to the ground, well, so long as they're not violating any laws when they do so, that's their own perogative.

ReverendDexter wrote: So what if they do? This isn't a popular vote thing; there are people that own those companies, and they can choose to sell it if they wish, our wants/needs be damned. Whatever the new buyer wishes to do with it is their own business, not ours. If they want to burn it to the ground, well, so long as they're not violating any laws when they do so, that's their own perogative.

Imagine China ends up owning a good percentage of our manufacturing capability. Then we end up going to war against China. (Not hard to imagine since they are now attacking American ships.) They could tie up our ability to build weapons to fight them. What if they decide they don't like what the President said about Tibet and decide to lay off a few hundred thousand people in Detroit in response? We are talking about the Chinese Government owning these companies, not private investors. What if they just march into Taiwan one day and decide to take over. They control our debt and a good part of our manufacturing base. Could we even do anything about it at that point? This is something to think about.

Snowdoggie wrote:

ReverendDexter wrote: So what if they do? This isn't a popular vote thing; there are people that own those companies, and they can choose to sell it if they wish, our wants/needs be damned. Whatever the new buyer wishes to do with it is their own business, not ours. If they want to burn it to the ground, well, so long as they're not violating any laws when they do so, that's their own perogative.

Imagine China ends up owning a good percentage of our manufacturing capability. Then we end up going to war against China. (Not hard to imagine since they are now attacking American ships.) They could tie up our ability to build weapons to fight them. .... ..... They control our debt and a good part of our manufacturing base.

I don't know where to start with the wild generalities, fear mongering, and gross inacurracies in your post. So I won't attempt too..

Now.. As for buying GM, It's a PUBLIC company. Anyone with the money and the ability to find enough sellers can buy it. ( a controlling stake that is)

Let me repeat that...

As for buying GM, It's a PUBLIC company. Anyone with the money and the ability to find enough sellers can buy it.

They'd probably do a much better job at value creation than the current clowns running the show.

Edited for clarity....

During WWII all the US car manufacturers built tanks, bombs, planes etc. If there are no more US auto manufacturers, who would build stuff like that if we need it?

Jensenman wrote: During WWII all the US car manufacturers built tanks, bombs, planes etc. If there are no more US auto manufacturers, who would build stuff like that if we need it?

The companies that currently do so now.. There was no defense contractor segement of the market in 1940's America.

of course you miss something.. we took over enemy factories and ships during the start of both wars.. of push comes to shove with China and they own GM.. A: I doubt the american workers in the plants would go to work. B: the governemt would be there in force to take the factories back.

Unfortunately greed got us into this mess

ignorant wrote:

Snowdoggie wrote:

ReverendDexter wrote: So what if they do? This isn't a popular vote thing; there are people that own those companies, and they can choose to sell it if they wish, our wants/needs be damned. Whatever the new buyer wishes to do with it is their own business, not ours. If they want to burn it to the ground, well, so long as they're not violating any laws when they do so, that's their own perogative.

Imagine China ends up owning a good percentage of our manufacturing capability. Then we end up going to war against China. (Not hard to imagine since they are now attacking American ships.) They could tie up our ability to build weapons to fight them. .... ..... They control our debt and a good part of our manufacturing base.

Now.. As for buying GM, It's a PUBLIC company. Anyone with the money and the ability to find enough sellers can buy it. ( a controlling stake that is) Edited for clarity....

Personal attacks and sarcasm edited out...

Vladimir Lenin was right about one thing. We will eventually sell them the rope they will use for our hanging.

Don't you just love globalism.

mad_machine wrote: of course you miss something.. we took over enemy factories and ships during the start of both wars.. of push comes to shove with China and they own GM.. A: I doubt the american workers in the plants would go to work. B: the governemt would be there in force to take the factories back. Unfortunately greed got us into this mess

Even if we do take the factories back by force, they know a lot more about us than we know about them, simply by owning them. And by owning them they can influence us in many ways that make me uncomfortable even if it never gets to war. Do we really want any kind of dictatorship being able to give us orders.

I don't think we're giving the American people and American spirit much hope here.... When push comes to shove the american people will always come together and fight the common cause. Whether it be fighting for our rights, fighting against unfair taxation or an overbearing gov't we as a people will always come out on top when enough is enough......

Now, I'll let y'all decide if I meant that last sentence for 1776, or for 2009. Because, in all honesty I'm seeing a few too many similarities.

Snowdoggie wrote: Even if we do take the factories back by force, they know a lot more about us than we know about them, simply by owning them. And by owning them they can influence us in many ways that make me uncomfortable even if it never gets to war. Do we really want any kind of dictatorship being able to give us orders.

You mean like our current gov't?

mods.. nothing good will come from this here.. toss it in off-topic or the lock.

ignorant wrote:

Jensenman wrote: During WWII all the US car manufacturers built tanks, bombs, planes etc. If there are no more US auto manufacturers, who would build stuff like that if we need it?

The companies that currently do so now.. There was no defense contractor segement of the market in 1940's America.

Don't the defense contractors have outside suppliers as well? Suppliers who are NOT regulated as to who could buy them or control them.

Bobzilla wrote: You mean like our current gov't?

I was thinking that, just didn't want to say it.

China is already a major US defense contractor. They manufacture much of the electronics in our missile systems for example.

ignorant wrote: mods.. nothing good will come from this here.. toss it in off-topic or the lock.

I think who controls our auto industry is a legitimate issue on an automotive related board.

Snowdoggie wrote:

ignorant wrote: mods.. nothing good will come from this here.. toss it in off-topic or the lock.

I think who controls our auto industry is a legitimate issue on an automotive related board.

we already know who controls the auto industry.. They live in Japan.

ignorant wrote: mods.. nothing good will come from this here.. toss it in off-topic or the lock.

I am going to trust that our readers will be polite and considerate. Right?

I'd certainly like to believe David's trust is well-placed.

ignorant wrote:

Snowdoggie wrote:

ignorant wrote: mods.. nothing good will come from this here.. toss it in off-topic or the lock.

I think who controls our auto industry is a legitimate issue on an automotive related board.

we already know who controls the auto industry.. They live in Japan.

.....and Europe, and South Korea and......

Come to think of it, Germans running and stripping Chrysler wasn't such a great idea either, but under global capitalism, they did have the right to do it.

David S. Wallens wrote:

ignorant wrote: mods.. nothing good will come from this here.. toss it in off-topic or the lock.

I am going to trust that our readers will be polite and considerate. Right?

I will try not to use any four letter words other than 'berkeley'.

Bobzilla wrote: I don't think we're giving the American people and American spirit much hope here.... When push comes to shove the american people will always come together and fight the common cause. Whether it be fighting for our rights, fighting against unfair taxation or an overbearing gov't we as a people will always come out on top when enough is enough......

Man that movie was bad. A bunch of kids, with no military training what so ever, taking on a hardened and experienced army. Yeah, that's a believable script.

That was a fictional movie???

Coupefan wrote: Man that movie was bad. A bunch of kids, with no military training what so ever, taking on a hardened and experienced army. Yeah, that's a believable script.

It is the mullet, much like a cape, it contains magical 'super' powers.

Bobzilla wrote: You mean like our current gov't?

....after all these bailouts, gov't sponsored this and that, IMO we're getting closer to socialism than democracy. I do not want to argue this point though, I prefer to distract myself with car stuff so I don't go crazy. I have been working on a firearm collection just in case the 'E36 M3 hits the fan'.