Gang of XX Rino Alert.
so the average Joe, who makes about 30 dollars an hour in salary and bennies gets to pay higher taxes in order to subsidize folks making 80 dollars an hour in salary and bennies.
Period.
I think this is another case of some dems and rinos trying to get in the limelight. I doubt they as of yet have enough votes in the senate and more importantly, enough votes in the White House.
ML/NJ
auot loan agreement?
we taxpayers are all getting new autos in exchange for paying country club and union dues for the next 3 months?
Do we get to pick our options?
Some sort of agreement has been reached. GM is back to over $3.20.
sounds like the bush plan.. use the money already set-aside for alternative fuel development..
Sounds familiar... and exactly what many of us have been saying would happen all along... they would pretend that no deal could be made, lots of prostration over the plight of those being bailed out, then bing...there is an agreement.
The UAW has been in overdrive, as has GM and their customer email list...
I have a question, why couldn’t the government buy some/all of the cars and trucks the Big 3 currently have in inventory at cost, and I mean demonstrated cost, then turn around and sell the inventory via Federal auctions? Detroit would turn dead inventory into badly needed cash, millions of new cars would be sold and the taxpayers would recoup most of their investment. At least this way taxpayers will get something back because I heard on tv the Big 3 will actually need up to $400 billion to survive.
“Auto Loan Agreement Reached?”
Sort of...they have agreed to a list of earmarks to include.
So, another superb plan from the Congress. Gee. I’m all excited!
This will fix things.
I must make a note to get some tranquilizers on the way home.
I will never,ever,buy another auto from the "Big 3" if they get my tax money.
Our local news is reporting that Voinovich is one of them. I just called his office and wasted my breath.
Notice the two Senators leading the charge in this so-called compromise. Audacity.
-Senator Carl Levin (D) Michigan
http://levin.senate.gov/contact/index.cfm
-Senator Christopher “Kit” Bond (R) Missouri
http://bond.senate.gov/contact/contactme.cfm
They both voted “YES” to the original bailout.
I want to know if there are others in this so-called “compromise deal” group. WHO ARE THEY? They are meeting this afternoon at 2:30pm. Is this a closed door meeting? Probably.
I am not from Missouri or Michigan so my letter to these two guys won’t mean anything but we need to write them.
It is disgusting that any Senator thinks that a backroom deal to shell out even $1 of taxpayer money to the “Big 3” is a possible win-win solution for all parties. Further, these Senators continue to show such lack of respect for the average taxpayer that they would sneak an EARMARK for the “Big 3” to the Jobless Benefit Bill President Bush said he would sign. Enough of this corruption and waste of money.
This “slipping an earmark” strategy to force other Senators to pass what they would otherwise not pass on its own merits must stop. I am so repulsed this method is the accepted way of doing business in Congress. I am ashamed of them especially because they do not have the decency to be ashamed of themselves. This is insane.
We need to call them out and continue to call them out for this corrupt way of operating.
Thank you in advance to the Michigan and Missouri Freepers who email these two Senators to discourage them from attaching any earmark spending to prop up the “Big 3.”
Chapter 11 will be the best thing for the “Big 3” It will force them to reorganize and renegotiate with Gettelfinger, President of the UAW. He really needs an attitude adjustment.
In other news on how f’ed we are:
- GMAC has applied to become a bank holding company so that access TARP funds and it, too, can suckle on the government teat.
- Capital One, another recipient of TARP funds, is in the running to use our money to acquire Chevy Chase Bank.
This country is done. Over. Kaput.
It is clear, they plan on doing what they want despite what the people want or elected them to do for the second time. I find the whole thing repulsive and ignorant. UAW apparently is pulling the dog collar on the relevant Senate members to walk with them. Clearly, UAW was afraid of bankruptcy court. And of course there is still that secrecy issue that has to be there to cover up some kind of crime or fraud or corruption or they would share it. It isn’t like we Americans can’t deal with the truth bad or good. Rather, we don’t like not knowing. I can’t believe GM who just opened a company in India and flew to DC in a jet got a bailout. I will vote against anyone who voted for a bailout in 2010 no matter what the party. I will not knowingly buy GM or assist or purchase any of those companies who got a bailout since they were too good for bankruptcy. Some serious investigations need to be happening with this corporate welfare. This is so surreal. Who cares what the American people want anymore is the message I am getting. And this won’t be enough, even Paulson and Barney said so and still spend. Yup, depression is on its way and I don’t think it will wait until 2011. If they think this will make people run out and get credit or even try if they don’t have to do so, they have lost their minds.