Posted on 12/05/2008 5:41:42 PM PST by re_tail20
WASHINGTON -- Amid fresh assembly line layoffs, congressional Democrats and the White House reached for agreement Friday on about $15 billion in bailout loans for the beleaguered auto industry. President Bush warned that at least one of the Big Three carmakers might not survive the current economic crisis.
Several officials said House Speaker Nancy Pelosi of California and White House Chief of Staff Josh Bolten spoke by phone. While no details of their conversation were available, it appeared the House's top Democrat had dropped her opposition to Bush's insistence that the aid come from a fund set aside for the production of environmentally friendlier cars.
The developments came as desperate auto executives pleaded for a second straight day with lawmakers for loans to help them survive, and the government reported the worst single month's job loss in 34 years.
(Excerpt) Read more at foxnews.com ...
So, is it Chrysler who isn’t going to make it?
Here’s hoping every Republican worth keeping votes against it. Then again, that’s all who are likely to vote against it.
“the government reported the worst single month’s job loss in 34 years.”
This is untrue, while the amout of jobs lost was high compared to 34 years ago. The actual percent is low due to the doubling of the number of workers.
So as a percent of workers this isn’t that high.
All will change come Jan. 20m 2009
Little Nancy and her boy frank will do nothing if that is the case, they will not walk the plank.
From all indications, it is Chrysler. Ford is set for another year. General Motors still has enough parts to keep going with the right bankruptcy overhaul. The only way Chrysler can keep going is to become part of General Motors, or another company, in a bankruptcy overhaul.
This is a victory for the “old” Democrats (Big Labor) over the Pelosi “new” Democrats (Big Environmental). Nancy’s group really, secretly want to kill off the Big 3 so that California can become the Green Car Capital of the World. They can only achieve this thru the demise of Detroit. At the same time, she had to face reality that Big Labor is still among the Democrats largest contributors.
I’m no economist, nor CEO, but seems to me there’s a lot of drama surrounding this auto bailout. Say they declare bankruptcy, that doesn’t mean every single person will be laid off. They make it sound like if they don’t get the bailout every worker in the auto industry and associated industries will automatically be out of a job. For those more informed, it wouldn’t work like that, would it? Wouldn’t the bankruptcy just force them to renegotiate contracts, some lay offs, I’m sure, but not everyone would lose their job?
Okay, so I live SOUTH of your border. Why don´t they let the 3 giants go down the drain, SELL the Railroad Right of Ways to private investors to get CASH, and turn these ole railroads into high rise up off the ground hi speed treins. Instead of building cars, they can revamp and make modules that fit on flat cars, that run on tracks and move at 200 mph for trips of 200 miles, a lower lever at 100 mi8les per hour for traffic that gets off in 100 miles, and the bottom tier for cargo. This would create a BOOM in jobs, making parking lots for parking modules, and enconomical little cars for people to pull in the Park and Fly towers...and get their rental cubicle ON LINE a railway. This would alleviate traffic on freeways, create all kinds of infrastrucure, building malls around railways. Top tier could be for scenic routes.. If they rescued the 3 companies...who is going to be buying cars in the next 2 years! Toss it all out, asnd start something NEW:
The really aggravating thing is that they all know this. It would be already be done except for the political reasons with the unions and the UAW. The Democrats in Congress don’t want the unions to lose power. The unions don’t want to lose power and their jobs. The auto execs don’t want to make the inevitable decisions that will irreversibly reduce the size of their companies - in other words they don’t want to adjust to reality if they don’t have to.
Bankruptcy protection will mean liquidation of their companies, they say, although they probably know different.
GM
“So, is it Chrysler who isnt going to make it?”
Oh please don’t say that!
I have a new 2008 Ram 4500 I got this past spring and I don’t want to see my 100,000 mile drivetrain and 3yr/36K mile bumper to bumper go down the tubes.
Chrysler dealers may be sunk since they cannot convert to F or GM dealer.
“Nancys group really, secretly want to kill off the Big 3 so that California can become the Green Car Capital of the World”
The best reason in the world to make sure the Big 3 survive and prosper.
If any law is passed it should be to make it a felony to produce a green car or import one!!!
GWB final present to us.
Right now 917 pm Amy Goodmann and Ralf Nader are saying government needs to takeover the big three on marxist show Democracy Now. Union leader Wendy Thompson organizing pro-bailout protest in DC, So GWB has friends.
Bush-bots? I know you are out there. Your spin?
Don't worry, Chuckie Schumer said the government is going to guarantee those warranties, LOL.
If you had to, you could go out and buy a warranty. It ain’t nothing but an insurance policy. Chrysler may even go out and purchase the warranty coverage in the insurance market anyway and they just pass it along to you when you buy the vehicle.
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