Skip to comments.
Bush: Automakers will get $13.4B from TARP plus an additional $4B later if they become 'viable.'
money.cnn.com ^
| 12/19/2008
| staff
Posted on 12/19/2008 5:59:48 AM PST by kellynla
Bush: Automakers will get $13.4B from TARP plus an additional $4B later if they become 'viable.' More soon
(Excerpt) Read more at money.cnn.com ...
TOPICS: Business/Economy; Front Page News; Government
KEYWORDS: 110th; automakers; bailout; bailouts; bush; detroit; grandtheftauto
Navigation: use the links below to view more comments.
first previous 1-20 ... 61-80, 81-100, 101-120 ... 141-142 next last
To: hunter112
The money has already been appropriated for the TARP program. So what? American Express has appropriated $15,000 to me with their shiny plastic card, but I'm not required to go out and charge $15,000 worth of fortune cookies to my account.
81
posted on
12/19/2008 6:54:14 AM PST
by
Rutles4Ever
(Ubi Petrus, ibi ecclesia, et ubi ecclesia vita eterna!)
To: BobS
Bob I had a lynx diesel in the 80s. Got over 40mpg. I would love to have that car again. But NO! The wacko's in Congress jacked up the diesel cost and will not let a small diesel in. You have the far right protecting their southern turf with non union foreign shops and you have the far left wacko's who want to tell YOU what you will drive and pay for. Cafe standards, emission controls, bla . . . bla . . Bla!
82
posted on
12/19/2008 6:56:30 AM PST
by
70th Division
(I love my country but fear my government!)
To: bella1
UAW?
If you don’t like the UAW don’t join. LOL
Before this is all over, the UAW will be about as significant as a screen door on a submarine.
But you go right ahead and buy a foreign car...
the Japs & Germans will appreciate it very much!
Just don’t come crying to me when your grandchildren have to learn a foreign language to survive
83
posted on
12/19/2008 6:59:05 AM PST
by
kellynla
(Freedom of speech makes it easier to spot the idiots! Semper Fi!)
To: CatoRenasci
They have 3 months to change or give the money back. According to Bush. No jobs bank and change silly work rules. The UAW is not stupid. They know they are walking the plank. They have already put in a two tier wage system. But it will take time. Every new hire makes much lower.
84
posted on
12/19/2008 7:00:05 AM PST
by
70th Division
(I love my country but fear my government!)
To: tobyhill
The cave-in Bush. Bush never farts, he sucks.
85
posted on
12/19/2008 7:01:14 AM PST
by
org.whodat
(Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
To: quack
Heres the kicker though,when they collapse,the loan is defaulted on ,money spent,and taxpayers will still be on the hook for it. Cannot remember the congressman's name, but he said it wasn't your money. LOL
86
posted on
12/19/2008 7:03:18 AM PST
by
org.whodat
(Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
To: 70th Division
>>They have 3 months to change or give the money back.<<
No, the conditions like “viability” in this latest Bush bailout are so vague that they will not have to do anything except make PR statements.
87
posted on
12/19/2008 7:04:07 AM PST
by
ding_dong_daddy_from_dumas
(I want to "Buy American" but the only things for sale made in the USA are politicians)
To: 70th Division
They have 3 months to change or give the money back. According to Bush. No jobs bank and change silly work rules. The UAW is not stupid. They know they are walking the plank. They have already put in a two tier wage system. But it will take time. Every new hire makes much lower. Seeing that Paulson has lied repeatedly regarding the TARP, why on earth should anyone believe that there will actually be consequences after three months??
This is a total shell game, and we are the dupes.
88
posted on
12/19/2008 7:04:59 AM PST
by
Rutles4Ever
(Ubi Petrus, ibi ecclesia, et ubi ecclesia vita eterna!)
To: vietvet67
89
posted on
12/19/2008 7:06:41 AM PST
by
MBB1984
To: P-Marlowe; Eagle50AE
Ford is not getting any money.My guess is that Ford will have their hand out very shortly..
To: 70th Division
They have 3 months to change or give the money back. According to Bush. No jobs bank and change silly work rules. The UAW is not stupid. They know they are walking the plank. They have already put in a two tier wage system. But it will take time. Every new hire makes much lower. The stuff about the wages etc. is not binding, it's just a goal - so they don't have to change or give the money back. And the Democrats will never make them, anyway. Even if new hires are paid less, that doesn't solve the problem for decades on the wage side and doesn't even begin to address the legacy/retiree costs that add some $1500 to the price of a Detroit 3 vehicle on average. IF the Detroit 3 are going to be competitive, they have to eliminate that $1500 differential immediately (as they could in bankruptcy) so that the compete on an even playing field in terms of quality/price ratio. I will personally NEVER pay a penny towards those additional costs if I am buying the car. I can't do anything about the taxes, but I can sure as hell vote against anyone who supports the bailout.
91
posted on
12/19/2008 7:06:55 AM PST
by
CatoRenasci
(Ceterum Censeo Arabiam Esse Delendam -- Forsan et haec olim meminisse iuvabit)
To: sam_paine
Thanks for the pic. This is exactly what Bush was talking about with work rules. The UAW will now have pressure to change because the other option is bankruptcy.
And I would venture that a year of loss is not short term. People are not buying cars world wide.
I remember in the 60s you would see people from the south come to Michigan to work. Why? Because they were paid well had health benefits and you were guaranteed a job if you showed up and worked. The unions never got it that The Big 3 is not an oligopoly anymore. We are a world market.
We went through this with the steel companies. We could ship RR over seas and get steel back cheaper than we could do it our selves because of antiquated Union work rules. Well we know where that went.
92
posted on
12/19/2008 7:07:07 AM PST
by
70th Division
(I love my country but fear my government!)
To: kellynla
But you go right ahead and buy a foreign car... the Japs & Germans will appreciate it very much!I'm keeping my 5 German cars, my Jag and my '69 Chevy truck. I'm not interested in any other American car besides the new Corvette and since I am paying for it, I want one delivered.
93
posted on
12/19/2008 7:08:07 AM PST
by
Sir Francis Dashwood
(Arjuna, why have you have dropped your bow???)
To: CatoRenasci
They can’t force people to buy new cars and they can’t force banks to make auto loans. It’s as simple as that.
As unemployment does a rocket shot in 2009, the private used car market is going to put the last nails in the coffin of Detroit.
94
posted on
12/19/2008 7:09:32 AM PST
by
Rutles4Ever
(Ubi Petrus, ibi ecclesia, et ubi ecclesia vita eterna!)
To: MBB1984
George Bush may end up like Millard Fillmore - his party's last president.
Unless the congressional republicans repudiate him big time, I'm done with the party after more than 50 years.
95
posted on
12/19/2008 7:09:32 AM PST
by
CatoRenasci
(Ceterum Censeo Arabiam Esse Delendam -- Forsan et haec olim meminisse iuvabit)
To: edge10
Yes, we have blatantly been betrayed by this President. In some ways he is worse than Carter in that: 1. I expected much more from Bush while I knew Carter would be a disaster and 2. He left the GOP in a much weaker position than when he was elected. Obama is the true Bush legacy. Carter helped elect Reagan.
96
posted on
12/19/2008 7:10:14 AM PST
by
MBB1984
To: org.whodat
“Cannot remember the congressman’s name, but he said it wasn’t your money.”
I too read that and also cannot remember who said it. I wish I had kept the article.
He said something like: The tax money does not belong to the tax payers. It belongs to Congress.
To: P-Marlowe
“What GM needs to do, however, is bring back the ‘57 Chevy”.
I’d be the first in line to buy one!!!
98
posted on
12/19/2008 7:13:39 AM PST
by
BnBlFlag
(Deo Vindice/Semper Fidelis "Ya gotta saddle up your boys; Ya gotta draw a hard line")
To: kellynla
99
posted on
12/19/2008 7:14:33 AM PST
by
meyer
(We are all John Galt)
To: All
Well, guess I'll be hanging on to my 1991 Toyota Camry for a while longer.
After all, it's paid for and still runs good. It may not look the best anymore, but who cares.
100
posted on
12/19/2008 7:16:34 AM PST
by
Marathoner
(The dream: 1-20-2013, hearing "I, Sarah Heath Palin, do solumnly swear...")
Navigation: use the links below to view more comments.
first previous 1-20 ... 61-80, 81-100, 101-120 ... 141-142 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson