  Lmichigan Member Username: Lmichigan Post Number: 3879 Registered: 10-2003 |
Ha! Wouldn't this be ironic? George Bush giving Detroit money from the bank bailout that would have even less strings attached then the Democratic and Republican congressional loan packages. lol! Congress, you don't messed up real good... quote: Can you even imagine the headlines? "Bush administration saves Detroit." How ridiculous would that be? The Republican caucus of the Senate could, in effect, have pushed the Detroit right into the hands of an even better deal. Ha! | ||
Lilpup Member Username: Lilpup Post Number: 5001 Registered: 06-2004 |
Levin said a long time ago that Paulson distinctly told him the TARP funds could be used for the Big 3. This has been all politics from the get go. If they get the TARP money they can continue with the emissions standards lawsuit, too, along with the other companies. (Message edited by lilpup on December 12, 2008) | ||
Lmichigan Member Username: Lmichigan Post Number: 3880 Registered: 10-2003 |
I know he said it, now it's time to go see if Paulson and the administration are good on their word. BTW, this all to the backdrop that the government of Sweden is propping up Volvo and Saab to a tune of $3.4 billion dollars in a much smaller country: quote: Boy, does Congress look stupid, now, if the administration is able to come through with the save. | ||
Lilpup Member Username: Lilpup Post Number: 5002 Registered: 06-2004 |
Everybody else has plans in place for either the builders or the buyers, or is working on one. http://search.japantimes.co.jp /cgi-bin/nb20081211n2.html http://www.bmwblog.com/2008/11 /08/bmw-eyes-german-bailout-fu nd/ http://www.washingtonpost.com/ wp-dyn/content/article/2008/11 /30/AR2008113002173_pf.html | ||
Lmichigan Member Username: Lmichigan Post Number: 3881 Registered: 10-2003 |
Yep, from what I can remember there's Sweden, France, Spain, Canada, Germany, etc... | ||
Goat Member Username: Goat Post Number: 2891 Registered: 10-2003 |
First shoot all of the politicians, then the lawyers. After that the bank CEO fuck-ups. Then build machines that have redundant safety devices) (like light curtains or gates and sensors...) and the people who kill themselves on those machines won't be able to breed. Maybe our society will come away a bit smarter like we used to be. I am starting to think that we have dumbed down our society to the point of no return. (Message edited by GOAT on December 12, 2008) | ||
Supersport Member Username: Supersport Post Number: 2757 Registered: 10-2003 |
"I've been around the world and found that only stupid people are breeding." -Harvey Danger | ||
Johnlodge Member Username: Johnlodge Post Number: 9003 Registered: 10-2003 |
Meanwhile, the billions given to the financial sector with not 1/100th of the outrage continues to be given to high level employees in the form of bonuses. http://www.cbsnews.com/stories /2008/12/11/earlyshow/main4661 900.shtml?source=mostpop_story | ||
Mashugruskie Member Username: Mashugruskie Post Number: 364 Registered: 09-2006 |
Absolutely pathetic. | ||
Professorscott Member Username: Professorscott Post Number: 1704 Registered: 12-2006 |
Supersport, thanks - that's a cool song and I haven't thought about it in a while. | ||
Detroit313 Member Username: Detroit313 Post Number: 761 Registered: 02-2006 |
So let me get this right- If GM, and Chrysler go bankrupt, (I believe Ford is still sound, and has assets to sell) and they close plant, eliminate jobs ect... And the Government doesn't bail them out, Then the Govt will be DIRECTLY responsible for the recession. Ahh- Just like ol' times- <313> | ||
Crawford Member Username: Crawford Post Number: 458 Registered: 10-2006 |
Nope, the UAW is responsible. And the financial bailout is COMPLETELY different. If you don't understand why AIG is different from GM in regards to maintaining global market liquidity, then there's really nothing else to say. | ||
Johnlodge Member Username: Johnlodge Post Number: 9008 Registered: 10-2003 |
So how has AIG maintained market liquidity? Or are we still waiting? Will the million dollar bonuses they're giving their employees with our tax money somehow unfreeze the credit market? | ||
Novine Member Username: Novine Post Number: 939 Registered: 07-2007 |
"If you don't understand why AIG is different from GM in regards to maintaining global market liquidity, then there's really nothing else to say." BS. AIG's role in the financial markets has nothing to do with the complete lack of oversight and their willingness to keep compensating people who drove that company into the position it is in. Only someone like yourself would even bother to justify their actions. | ||
Otter Member Username: Otter Post Number: 455 Registered: 12-2007 |
Crawford, Your first posts in the other thread had a rather bad tone, but you did make some good points when you filter out the bile. But it is, I think, insupportable to say that the UAW is responsible for the position that GM and Chrysler are in. That the wages and benefits they receiv are artificially high for what the market would bear is an impediment, but not the major cause of their being in their present position. Primarily, I think, it is bad management and management decisions, and short-term strategic thinking rather than long-term. | ||
Johnlodge Member Username: Johnlodge Post Number: 9012 Registered: 10-2003 |
The fact that Ford may not need any government money at all to survive the recession is proof that the UAW is not completely to blame. | ||
Goat Member Username: Goat Post Number: 2908 Registered: 10-2003 |
Folks, at one time GM & Chrysler could afford the lavish wages of the union. Today that is not the case. The credit crunch has cut themoff at the knees and the global economic meltdown has cut their production. Therefore the wages the unions still want cannot be afforded, at this time. But GM should never have given such lucrative contracts in the first place. | ||
Angry_dad Member Username: Angry_dad Post Number: 282 Registered: 02-2006 |
Bob Lutz (and I paraphrase) said that during the hearings, when the subject of congress requesting Rick Wagoner be removed as CEO of GM would be akin to the Mayans throwing a virgin into a volcano to placate it. Lutz had it right, sort of, instead of virgin, congress should be thrown into a volcano. Don't think the volcano would like it though. |
