FRIHOSTFORUMSSEARCHFAQTOSBLOGSCOMPETITIONS
You are invited to Log in or Register a free Frihost Account!


How far hypocrisy?





icecool
Quote:
GM says it "disappointed" and "betrayed" consumers


anybody running a business in a "free" market economy knows that the only way you can stay successful is to provide good services / products, consistently, on time, on price.
OR
you either have a very large share of the market creating a near monopoly
OR
you are very good at marketing and are able to hide your misdemeanours so cleverly that either consumers don not see them or if they do they still have no choice but to buy your products.

SO

Quote:
DETROIT (Reuters) – General Motors Corp on Monday unveiled an unusually frank advertisement acknowledging it had "disappointed" and sometimes even "betrayed" American consumers as it lobbies to clinch the federal aid it needs to stay afloat into next month.


finally there is somebody we think who has the guts and says sorry.
or are they?
why suddenly NOW?

for years gm has shown its muskle by buying brands on the international market - instead of creating their own improvements.

Quote:
"While we're still the U.S. sales leader, we acknowledge we have disappointed you," the ad said. "At times we violated your trust by letting our quality fall below industry standards and our designs became lackluster."


for years car makers have KNOWN the economic squeeze the consumers are being put under - instead of building more economical cars they arranged easier loans to buy ever bigger ones.

Quote:
"We have proliferated our brands and dealer network to the point where we lost adequate focus on the core U.S. market," the ad said. "We also biased our product mix toward pick-up trucks and SUVs."


now building cars is not something you plan today and do tomorrow. it takes years from a concept to a mass produced new vehicle - so the people who are in charge NOW have been responsible for the company's policy for many years.
so quite rightly some people say:
if you admit to having been not exactly straight with your customers what are you going to so with the people who gave the directions - and have been handsomely rewarded for their failure in the past??? and why have you suddenly as a company such a NEW insight into your won failures?

Quote:
It also came as Chief Executive Rick Wagoner, who has led the automaker since 2000, faces new pressure to step aside as GM seeks up to $18 billion in federal funding.


oooooops
there is MONEY on the table
TAXPAYERS money
YOUR money

first you pay good money to buy crap products to pay fatcats salaries
now you pay good taxes to bail them out when THEY mismanage their companies.
and they just know how to put the screw on:
Quote:
A failure of GM would deepen the current recession and put "millions of job at risk," according to the ad, which also highlights the automaker's pledged restructuring and intention to begin repaying taxpayers in 2011.

but also how to make more promises for the future.

there is a saying:
would you buy a used car from THIS man?
with a new twist
would you buy a NEW car from this man?

Quote:
Senate Banking Committee Chairman Christopher Dodd, a Democrat from Connecticut who is central to the effort to craft an auto bailout bill, on Sunday said GM should replace Wagoner.

GM says Wagoner has the support of the company's board.


now who is made to look like a sucker?

edit:
forgot the link
http://news.yahoo.com/s/nm/20081208/us_nm/us_gm_ad_2
ocalhoun
Its sad really. I see our economy of free competition vanishing before my eyes, for the sake of stopping loss of jobs. What they don't see is that after the jobs are lost, new, better companies will have room to expand and hire more people, making the economy stronger in the long run.

Everyone is concerned about the short term though.
paul_indo
I hope this funding can be sorted out quickly. If the car manufacturers go under I think it will trigger another massive stock market drop and also world currency fluctuations.
deanhills
ocalhoun wrote:
Its sad really. I see our economy of free competition vanishing before my eyes, for the sake of stopping loss of jobs. What they don't see is that after the jobs are lost, new, better companies will have room to expand and hire more people, making the economy stronger in the long run.

Everyone is concerned about the short term though.


This posting is totally on the mark for me. And the remark about short term, as I think that is exactly how the credit bubble occurred in the first place. Short term interest all round and everywhere.

Looks as though the trend is socialism, but then given that everything is short term interest, probably only in the short term. Think capitalism goes too deep for it to even be mildly shelved. It sort of is in the fabric of everything in the US and what the world admires in a great way.
Bikerman
deanhills wrote:
Looks as though the trend is socialism, but then given that everything is short term interest, probably only in the short term. Think capitalism goes too deep for it to even be mildly shelved. It sort of is in the fabric of everything in the US and what the world admires in a great way.
Err....I think not. I think you will find that most of the world does NOT particularly admire unfettered capitalism - which is why they have more mixed systems (partly capitalist and partly socialist). In Europe there are no 'pure capitalist' states and there is little demand from the populations for such.
harismushtaq
I personally beleive that this financial system with lots of credit and a lifetime primiun pay periods is not just. The income of each individual should be enough for his basic needs, like food, shelter and health. Public transport provisions should be good and cheap so as the other utilities like elctricity, water and telephone. All other needs cum luxuries should be available in a good competitive retail market so that the consumer can keep growing in his reach and keep improving. I don't find any fun in life if you are crusing in carebean or flying over atlantic if you have debt on your shoulder for doing this.

This bad financial system eventually leads to results like this and in both cases, people suffer.
ganesh
I completely agree with harismushtaq!

The American people have forgotten the art of saving, and the need for it.

They run everything on credit, and how long could it last? Somehow, sometime or the other, the rug would be pulled out from under their feet, and at this juncture, I guess even the people who have saved might get into trouble because of the other guys ending up pulling down the economy as a whole.

The only way out is that people should learn to differentiate between 'want' and 'need' and prioritize their spending accordingly why making sure that some of their paycheck is put in the form of savings.
Related topics
Yay! Hosted! Check it out so far!! :)
HL˛ engine & its future
was Hitler a Christian?
What did Bush lie about?
LIVE, come check it out!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
“Suicide-bombing” – Hypocrisy of the West
Far Cry vs. Half Life 2
Power of Punctuation! - u'll like it.
Support Danish
Quran in drain
Updates of the Cartoon Row
Articles of Impeachment for President Bush
Hints? or reading to far into it?
More hypocrisy from the Democrats
Reply to topic    Frihost Forum Index -> Lifestyle and News -> Discuss World News

FRIHOST HOME | FAQ | TOS | ABOUT US | CONTACT US | SITE MAP
© 2005-2011 Frihost, forums powered by phpBB.