Posted on 11/16/2008 8:40:07 AM PST by rellimpank
By any practical measure they have ALREADY failed. We are talking about resurrecting them.
It's the American way to throw good money after bad.....
I am sick of these bailout moochers. They made their choice to make fuel inefficient cars and they outsourced a considerable amount of work and hired illegal aliens as well. Who is auditing these clowns? As a taxpayer, I want to know. And this crap of sticking heating for low income people on is just that, crap. I would rather just give money directly to low income people even through congress than attach it to yet another bailout bill. They need to stop tacking on stuff to other bills and deal with the action at hand. Remember the good old days when made in the USA meant something? If they ever came around again, then “Born in the USA” may actually mean something again. Where is the accountability or will they go on an AIG spa day retreat too once they get their hands on money? Maybe we should be electing accountants and ethics people to congress. And these corporate moochers need to work off this bailout stuff. I am sick of the free ride mentality and from all indications will get worse. I don’t hold bad luck against anyone or illness or anything but if they are having money problems to begin with, why would they be able to pay it back. I think they should work for it if they are physically and mentally capable, including the corporate moochers along side old Peggy Moocher. Otherwise, let them go bankrupt and disappear.
Where there's a demand, there will be producers. Someone more efficient, cost-containing, and union-free will readily fill in the gap, and surprisingly quickly. Perhaps Toyota or Honda will for the time being, but expect another Chrysler or Ford to spring up to meet the demand and provide competition against these foreign companies. Only good can come out if this, even if it's a little painful in the meantime. The jobs will be back, just with different auto manufacturers.
Who knows? Maybe we'll have flying cars when all this is over.
Taxpayers are going to end up paying the pensions and
health care of the retirees.
Have yet to hear from anyone in any “official” capacity if given the $$ sought, what changes will be made to their business operations to avoid this from happening again?
If it’s going to be the same old, same old, after the massive cash infusion which I suspect will be the case...then not 1 thin dime.
Setting the stage for higher gov't SS payments and national health care.
I'd rather see the corporations who generated the wealth take it, divvy it amongst the execs, and close shop th`an for $1 to be given to a school.
Financial devastation? Fine by me. The parasites will suffer most. Johnny Come Lately anti socialists should have become indignant long ago.
This will give valdiation for taking over our 401k’s.
Let them fail, capitalism is characterized by creative destruction and there are players waiting to tae the markets after the losers fail.
I think back to Lou Dobbs a month ago when he was speaking of Joe the Plumber...his comment about more “Joes” going to Washington made perfect sense. Maybe if common people take over this nonsense will stop. TOO MANY LAWYERS are ruining this country!
Scary thought, isn't it?
A bailout simply foots the bill for the bad labor agreements the American automakers made with the UAW. Other automakers, non-union automakers, well-run automakers seem able to survive in the U.S. yet these three keep crying poor-mouth. They ought to shut down operations, lay off the union workers, close the doors and wait for the unions to bargain in good faith to help Detroit get back on better footing. If the unions aren't willing to do that, screw' em.
One thing's for sure...billions of dollars in bailout money to pay sky-high union wages and pensions is ridiculous. Which is exactly why the Democrats are trying to get it down on Bush's watch rather than Barry's.
Hey, I’m failing financially too- I wonder if the Democrats will go to bat for me like they are the auto industry? I’m sure they will- I just can feel it.
Yep, it is all about saving the UAW. Let them declare bankruptcy.
Any thoughts of a bailout should have ended when the UAW said they would make no concessions. Apparently many of them make 6 figure salaries. Only a union could demand that kind of salary for what is pretty much unskilled labor.
Let them fail. America will be better off, both financially and to finally be rid of a major contributor to the RAT party through political activism and direct cash donations, all money that should have been going towards union employee benefits instead of bilking the employer, the consumer, and the taxpayer.
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