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#1
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Big 3 Bailouts...
They are working out the details on a bailout for the big 3. Sounds like they are getting 15 billion, not the 30 billion they want...
I really hope they dissolve the UAW.
__________________
-Justin 91 560 SEC AMG - other dogs dd 01 Honda S2000 - dogs dd 07 MB ML320 CDI - dd 16 Lexus IS250 - wifes dd it's automatic. |
#2
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I hope they dissolve the fools that agreed to the contracts. You can't blame the UAW for everything, I'm far from a fan but they obviously have better negotiators than the guys in suits.
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#3
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Anybody in my congressional delegation that supports this bail out goes on my shyte-list. Buncha freakin' socialists, ....
B |
#4
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I hope that they make the Big 3 file chapter 11 as part of the bailout agreement. Sounds like they may have the plan laid out by 5.00PM today.
__________________
-Justin 91 560 SEC AMG - other dogs dd 01 Honda S2000 - dogs dd 07 MB ML320 CDI - dd 16 Lexus IS250 - wifes dd it's automatic. |
#5
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Yeah, there were responsible parties opn BOTH sides of the bargaining table when some of these back-breaking benefits packages were agreed to. Unfortunately, these unsustainable fringe benefits that are killing the carmakers are no different than the Social Security, Medicare, and Medicad programs that will soon bring the whole country to its knees.
I doubt we'll learn anything from this, once the immediate pain passes, though.
__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century OBK #55 1998 Lincoln Continental - Sold Max 1984 300TD 285,000 miles - Sold The Dee8gonator 1987 560SEC 196,000 miles - Sold Orgasmatron - 2006 CLS500 90,000 miles 2002 C320 Wagon 122,000 miles 2016 AMG GTS 12,000 miles |
#6
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Bail-out with MY money rewards the incompetent, greedy, short-sighted management and rewards the greedy, short-sighted, incompetent unions.
Fock them all. |
#7
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I was thinking that if they DID file for bankruptcy, it might allow them to get out from under some of those unsustainable benefits programs. Otherwise, they'll just go under and leave us taxpayers to pay their pensions at greatly reduced levels just as happened with US Steel, PanAm, etc, etc.
__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century OBK #55 1998 Lincoln Continental - Sold Max 1984 300TD 285,000 miles - Sold The Dee8gonator 1987 560SEC 196,000 miles - Sold Orgasmatron - 2006 CLS500 90,000 miles 2002 C320 Wagon 122,000 miles 2016 AMG GTS 12,000 miles |
#8
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Looks like we are also getting a presidential overseer that can revoke the money awarded if they fail to follow their plans or meet their goals.
__________________
-Justin 91 560 SEC AMG - other dogs dd 01 Honda S2000 - dogs dd 07 MB ML320 CDI - dd 16 Lexus IS250 - wifes dd it's automatic. |
#9
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Quote:
__________________
-Justin 91 560 SEC AMG - other dogs dd 01 Honda S2000 - dogs dd 07 MB ML320 CDI - dd 16 Lexus IS250 - wifes dd it's automatic. |
#10
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Great, now the goverment is completely in-bed with business -- the government now has a stake in the success of the enterprise.
With the government performing unnatural acts on the willing business, what are the chances that a competitor would catch an even break? |
#11
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I think that would be crucial if they are to become profitable again. Everybody in Detroit is going to have to tighten their belts from top to bottom. Otherwise, the whole state of Michigan is going to be looking for work. I would hate to see that, but people are loathe to give up anything they have become accostomed to having.
__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century OBK #55 1998 Lincoln Continental - Sold Max 1984 300TD 285,000 miles - Sold The Dee8gonator 1987 560SEC 196,000 miles - Sold Orgasmatron - 2006 CLS500 90,000 miles 2002 C320 Wagon 122,000 miles 2016 AMG GTS 12,000 miles |
#12
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But its OK to loan AIG $85 Billion that is likey going to go into default and has much less net benefit to the country than a loan to our auotmakers?
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#13
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Quote:
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#14
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Quote:
B |
#15
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I really don't want to see people lose their jobs, but unless they (the Big 3) cut about a 1/3 of them they'll be right back where they started from when the money is gone. They just can't support the employment levels they are currently at and hope to regain profitability. It's going to be interesting to see what the UAW brings to the table as far as concessions go. Anything but drastic cuts in benefits or increases in employee contributions would just prolong the death.
CEO's cutting their pay from $10mil to $1 is all well and good, but the reality is that "only" accounts for 135-ish UAW workers (at $75K/yr.). It's a drop in the bucket compared to the tens-of-thousands to hundreds-of-thousands that might have to go. And why doesn't an Auto Czar comfort me or bring any degree of confidence? Who better to oversee a bloated, ineffiecient entity than someone who works for and is part of an even more bloated and inefficient entity???
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1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15 '06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod) |
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