Bush Gives Auto Loan

[Topaz]

The problem does not go back to Clinton or the Dems it goes back to Alan Greenspan and guess whos party he belongs too?

The problem was created by the lawmakers of the US and the financially institutions who didnt take care of the problems and as usual the regular joe america is the one that has to pay.It really doesn't matter what party their are, they are a lot richer than most americans and don't have to pay the price for screwing up!!

[Oleg Bach]

I don't quite understand - how they take the tax money from the auto - workers - their money..then hand it over to a group of executives who are planning to close plants and fire the workers and KEEP the money. Much like the banks who take multi-billion dollar bail outs that are sent to them by their customers - they they will lend back the money to those customers and charge them interest on their own money? Whether it be the banks or the car companies or big oil for that matter...this is just a sad attempt at sustaining a dying status quo. A status that did not give a damn if the average citizen was alive or dead - but not appeal to the citizen to save their miserable lives....it's really quite funny "What goes around comes around" - There is justice in the universe after all - Merry Christmas.

[White Doors]

What they really need most of all though is the knowledge that their Nanny will be there to catch them in case their banks fall. Someone to keep them safe, warm and well nourished.

Socialism really does suckle after all doesn't it?

Not sure, but I am guessing you could tell me alot about the suckling, no?

[punked]

The problem was created by the lawmakers of the US and the financially institutions who didnt take care of the problems and as usual the regular joe america is the one that has to pay.It really doesn't matter what party their are, they are a lot richer than most americans and don't have to pay the price for screwing up!!

It matters a little.

http://www.nytimes.com/2008/12/21/business...tml?_r=1&hp

[Argus]

It matters a little.

http://www.nytimes.com/2008/12/21/business...tml?_r=1&hp

Yeah, Bush's White House had a lot to do with the Housing meltdown, but the real disaster is how those mortages were sold as derivatives around the world. And it was Bill Clinton who signed the bill allowing derivatives back into existence after they'd been banned after the great depression - blamed in part for that disaster too. The bill to bring them back was passed unanimously by congress after Allan Greenspan gave the idea glowing testimony. They all had a collective attack of the stupids.

[tamtam10]

Real Christmasy thoughts hugh? - I think we should kill people in Iran - yah - oh - and get those pesky Jews in Israel to fly in and blow off some arms and legs from the air with those great American flying machines.. Are you to serious - if you are I have to call you a bunch of dumb kids...what do you think of having your own towns blowned back to the era of the ape? I guess you would fit right in if you survived...why is it we lack the brain power to come up with solutions to our problems - instead like monkey men you just want to crash your club on the head of the other guy....thought you were educated?

So what do you propose? Let Iran develop their nuclear weapons while spewing their hate message against Israel continuously? Or are you one of those pathetic, ignorant fools who's going to tell me their developing nuclear capabilities for civilian purposes? Lets see...Iran calls for the destruction of Irsael...they are building nuclear weapons....and you say blowing the shit out of their nuclear plants is not a solution to the problem. I'm confused.

You also make reference to Israel's "great american flying machines" as if to say America deserves any credit for Israel's superior air force. It's true that America supplies the physical airplanes to Israel, but when Israel receives them, they completely strip them and install their own systems and technologies into the plane, making it more of a great Israeli flying machine than anything.

And did you say BLOWNED!?

[Goat Boy©]

OP, it's pennies compared to what's already been promised/handed over. GM alone directly employs 1/4 million people. Then downstream suppliers, raw materials extraction, sales, financing, etc, etc. Oh, and the big one, pensions I think it's cheaper than all those people heading to the welfare office, but then it certainly isn't a long term solution. They're in something of a quagmire.

Edited December 21, 2008 by Goat Boy©

[Wilber]

Interesting article and Q&A by Jeremy Cato on the realities and fictions surrounding the North American auto industry.

Who will be left standing?

[whowhere]

OP, it's pennies compared to what's already been promised/handed over. GM alone directly employs 1/4 million people. Then downstream suppliers, raw materials extraction, sales, financing, etc, etc. Oh, and the big one, pensions I think it's cheaper than all those people heading to the welfare office, but then it certainly isn't a long term solution. They're in something of a quagmire.

Bankruptcy, Bankruptcy, Bankruptcy. All needs to get what they deserve. A shit tree, bears shit fruit. That's what they all deserve.

[eyeball]

Not sure, but I am guessing you could tell me alot about the suckling, no?

What aren't you sure of, whether socialism sucks or suckles?

Its obvious capitalism can't walk and run at the same time, at least not without us being there to catch it when it trips.

[TCCK]

I say let them all go intot the first stages of bankrupcy so they can force the Unions to cut slaries, get rid of the job bank, hold pension pay-outs until a worker is 60 not just 25 years worked (my buddy retired at 47 and collects his full GM pension now plus has a new job.)

Then do a top down reform cutting many managment positions, and trim the fat out of the company so it will be profitable like all the Japanese auto makers that have Auto factories in Canada and the USA.

[Goat Boy©]

I say let them all go intot the first stages of bankrupcy so they can force the Unions to cut slaries, get rid of the job bank, hold pension pay-outs until a worker is 60 not just 25 years worked (my buddy retired at 47 and collects his full GM pension now plus has a new job.)

Then do a top down reform cutting many managment positions, and trim the fat out of the company so it will be profitable like all the Japanese auto makers that have Auto factories in Canada and the USA.

They'd need an equivalent of the CPP.

[punked]

I say let them all go intot the first stages of bankrupcy so they can force the Unions to cut slaries, get rid of the job bank, hold pension pay-outs until a worker is 60 not just 25 years worked (my buddy retired at 47 and collects his full GM pension now plus has a new job.)

Then do a top down reform cutting many managment positions, and trim the fat out of the company so it will be profitable like all the Japanese auto makers that have Auto factories in Canada and the USA.

Didn't Toyota post a loss not a profit this quarter?

[Smallc]

Didn't Toyota post a loss not a profit this quarter?

All auto companies are in trouble right now.