Posted on 11/13/2008 11:03:49 AM PST by sickoflibs
Holy crap. Who spiked Boehner's Cheerios this morning?? He sounds like he is pro-capitalism here.
I'll bet the "ownership" part is that we get to own GM's pension fund.
Why don’t they just change their Corp. status to “Bank Holding Co.?”
The bailout is not for the management of the big 3 automakers.
It is for UAW. Just turn the costs of the agenda that UAW imposed upon the US-based automobile manufacturers over to the Pension Benefit Guarantee Corporation, another “government-supported enterprise”, and excuse the auto manufacturers’ corporate management from having to continue to fund these pensions. That way, GM, Ford and Chrysler can go back to the business of being manufacturers, and cease to be pension and health benefit administrators.
This would be a “transfer payment” that would actually benefit US competitively, by lifting what has been largely an “unfunded mandate” on the auto manufacturers.
The bailout is not for the management of the big 3 automakers.
It is for UAW. Just turn the costs of the agenda that UAW imposed upon the US-based automobile manufacturers over to the Pension Benefit Guarantee Corporation, another “government-supported enterprise”, and excuse the auto manufacturers’ corporate management from having to continue to fund these pensions. That way, GM, Ford and Chrysler can go back to the business of being manufacturers, and cease to be pension and health benefit administrators.
This would be a “transfer payment” that would actually benefit US competitively, by lifting what has been largely an “unfunded mandate” on the auto manufacturers.
This is the problem. We don't have any Pub leadership willing to point out the underlying problem, but instead are just trying to make sure the govt. makes money.
The problem is it costs GM 50% to 120% more to make a car than their competitors. Putting money into the company doesn't change the underlying problem of cost. The solution is obvious, cut cost.
If they want to stay in business the unions are going to have to cut salary & benefits, the retirees are going to have to cut pensions & health benefits and management will have to cut salary and options. The alternative is to declare bankruptcy and let a judge sort it out.
Michigan has the highest unemployment and lowest growth for a reason.
Does this mean I get a new Cadillac for free?
So that’s what it was about from the start. Nationalizing the biggest American industries. The biggest dogma of communism is that private ownership of the means of production is bad, and must be transferred to the government.
And that’s what the dems are doing. And Bush helped them.
test
And I suppose all the unions will get what they demand...bailout for 100% retirement and medical
And whatever else they want.
And I suppose all the unions will get what they demand...bailout for 100% retirement and medical
And whatever else they want.
Every Republican should vote against every bad piece of legislation that is put forth from these dopes. Do not be attached to anything from them.
I was thinking how no one buys the bailout B.S. now. “Wolf” has been cried too many times. If any of the investors thought a bailout would help, the stock market wouldn’t be tanking so badly.
Well, the Commies do have cover for their bad decision making, at least until Jan. 20, 2009; blame it on Bush.
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