Posted on 11/12/2008 1:51:23 PM PST by penelopesire
FOX NEWS ALERT on Cavuto just now. Frank proposing legislation to 'partly' nationalize auto industry in America! Unfreakinbelievable!
They're not even in power yet (2 months to go) and they are already off the rails. Give them another month and I might even support a Bush coup dictatorship.
Ferdinand Porsche designed the Volkswagen.
Pretty interesting history of the vehicle here
http://en.wikipedia.org/wiki/Volkswagen
Volkswagen plans a new plant near Chattanooga, Tenn.
It should be coming increasingly clear that the management of the US Big Three are incompetent.
As a taxpayer, I don’t want to own shares of the Big Three. They will likely be worthless in a few weeks once the cash is burned through.
Buy shares of Toyota, BMW, Honda and Porsche/VW—well managed profitable companies.
Hint. Hint. BMW sits on a pile of cash—to carry through bad times, and to make strategic investments. They have passed on the “opportunity” to buy into any of the Big Three.
Mercedes took a bite into Chrysler. Chewed, gagged, and barely managed to spit it out.
I do not want to own shares in these companies. They are horribly managed. Some of their vehicles are good. But the companies are managed badly.
If leading companies in the industry are NOT interested in owning them, why should I be?
This would make a great bumper sticker protest. Nobody who has been educated recently in the public schools would know what it meant (they'd think it was a gang symbol)but we could send a message to the Bolshies that we are organizing and planning to vote conservative next time.
Go Gladsden!
I'm with you. I do not want to see us evolve into a banana republic. But, Obama has everything tilted in that direction already.
His "natural born" issue has been roundly ignored by the media. The issue is being ignored by the SCOTUS.
He has side-stepped McCain-Feingold and collected $650M+ in campaign contributions - with one estimate that 1/3 of it was foreign. He will NOT be audited by the FEC.
He was never vetted by the media (or even his own party). Now, many in the media describe him as "creepy" and only now opining on "his world view". Where were the questions prior to 11/4/08?
The Chicago street machine has been teleported to Wash DC. They will make the Clinton RICO look like kindergarten. You think travelgate and filegate was bad - you wait - but you'll never hear about any of Barry's antics in the MSM.
The "Fairness Doctrine" will make Will Rogers spin in his grave, and gag Rush, Hannity, et al.
The estimates of the Obamabots range from 3.5M to 10M - eager and at ready to spring to their keyboards and toe the line for Barry.
We have never seen the likes of this in the US, but history has MANY examples in other countries - but "history" won't be taught if Wm Ayers becomes the Sec of Education.
The US automakers should be forced to file bankruptcy but you are right...it is about the unions and the unions are responsible for ruining the US auto industry in the first place.
The latest HBO series about John Adams would probrably be considered too right wing to play for the kids in school.
Please try to grasp this - It has nothing to do with industry. It is all about saving the United Auto Workers, as greedy a bunch of people as any archetypical Wall Street Tycoon.
And I don't know if this has been previously stated. But even so, it bears repeating.
This aint about saving the car companies........ its about propping up the unions.
And like most things associated with government it won’t run on Mondays after a long weekend, will break down for 15 minutes every 3 hours and demand high octane gas after 40 hours of driving per week, will take forever to climb a hill and will be retired at full pension long before it’s imported cousins.
Dittos to you too.
The Chinese announced this week that they are planning to spend $875 billion to prop up their OWN economy. Those dollars won't be available to buy our Treasury bonds. So... interest rates will need to go up to attract more Treasury bond investors. This, of course will further harm our economy. maybe the Russians and Venezuelans will lend us some money to rebuild our economy. Or... maybe the Saudis? We'll see... I'm buying Swiss Francs.
Are you kidding?! You don't expect them to use common sense or do without those campaign contributions, they received to enact those regulations, to get them elected do you?!
As if any of this will cost them anything! They don't live by the same laws/rules we, the common people!
I’m sorry, but that isn’t the only choice.
Toyota USA is fine. Why? They chose not to incorporate in OH or MI. In the southern states, 91 million automotive jobs. Those jobs, however, are in states that aren’t union, high overhead, soak-the-rich type states.
Let. Them. Fail.
We’ve been carrying those three idiots since Honda kicked Chrysler’s ass in 1978.
All this is doing is preventing a showdown between Big Labor and Capitalism. You want to fund that postponement? I don’t.
It’s not all about Democrats and the UAW.
Put John Snow + Cerberus into a search engine and see what you get.
This deal is greased on both sides of the aisle.
I've been hearing this all day. If we are facing the collapse of our Constitution I'm supporting the Bush dictatorship rather than the Obama dictatorship because, at least, he has been a leader, a gentleman and... he's a Texan!
Go for it George! You'd have 58 million supporters!
If they want my tax money, I want ownership in them. Screw the idea that Motown moron CEOS and Boards of Directors are going to get billions of dollars without any strings so they can keep their mansions and yachts and their trips around the world. I refuse to pay for their mistakes. They don’t pay for mine. They don’t give a crap about me. I don’t want to nationalize the auto industry, but I would support it if the government was going to take my money at gunpoint and give it away, anyway.
Democrats urge federal stake in big auto companies
http://ap.google.com/article/ALeqM5gA2mr12dJLiWM1QN59MYfpM9OQfwD94DLU2O0
Michigan Gov. Jennifer Granholm answers questions during a news conference in Troy, Mich., Wednesday, Nov. 12, 2008. Granholm said that the crisis in the auto industry is urgent, arguing that “the national economy rests on this.”
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