Posted on 11/09/2008 11:13:31 AM PST by tobyhill
In his first interview since joining the Barack Obama team, incoming White House Chief of Staff Rep. Rahm Emanuel, D-Ill., said this morning that Obama supports government assistance for the auto industry using existing authority.
"First the auto industry is an essential part of our economy and an essential part of our industrial base," Emanuel said in a "This Week with George Stephanopoulos" interview.
"Second they should look at accelerating the $25 billion that was offered for re-tooling for the industry going forward.
Third, there are other authorities within the administration that they should use at this time and fourth, President-elect Obama has asked his economic team to look at different options at what it takes to help bridge the auto industry so not only are they apart of a revived economy but part of an energy policy where America is less dependent of foreign oil."
(Excerpt) Read more at abcnews.go.com ...
Of course. He’s indebted to the UAW.
Obama’s fault.
Once Obama-economics are instituted, you won’t need pickup trucks. There won’t be any work.
What will I do with my $100.000 (comparatively cheap) motorhome? What will my friends do with their $750,000 rig in which they live and travel 24/7/365?
How about my SIL who has a small truck to perform his work chores. How about my daughter’s company that uses a ‘big rig’ to buy/sell wholesale tomatos? How about the hundreds of Wal-Mart trucks delivering from warehouse to store?
The auto industry are in their current position for a reason. How does giving them 50 billion change anything? If they don’t change what brought them to this place, they will be right back where they are now after they lose the bailout money.
If a business is failing, it needs to...
A new “People’s car” much like the Soviet Zaporozhets or a Chinese Geeley. Little cars that get 44 mpg and go 26 mph.
What will I do with my $100.000 (comparatively cheap) motorhome? What will my friends do with their $750,000 rig in which they live and travel 24/7/365?
How about my SIL who has a small truck to perform his work chores. How about my daughter’s company that uses a ‘big rig’ to buy/sell wholesale tomatos? How about the hundreds of Wal-Mart trucks delivering from warehouse to store?
Someone has to pay for those salaries, pensions and insurance promised by a bankrupt auto industry.
Anybody heard that 10 Billion will go to the Unions supposedly for health care of Union members?
Sure, I’m going to put around the Riverside county hill country with a Hyundai 4 cylinder enviro-friendly piece of crap. Bail out Detroit, and dump on their products. The audacity of hypocrisy.
Obama will give up looking for another job. We will give up all our money and freedoms
That works too. Classic. Sleek. Priced for everyone.
Although Trabants had been exported from East Germany, they became well-known in the West after the fall of the Berlin Wall when many were abandoned by their Eastern owners after migrating westward. News reports inaccurately described them as having cardboard bodies. This is likely due to the fact that the body of the Trabant was Duroplast, a material that, in East German production, often made use of varying quantities of different fibers, such as cotton, or occasionally paper.
Them makin’em, and us buyin’em, is two different things.
Is enough for the masses. White for the People’s and black for the gobermint. Black Caddies.
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