Skip to comments.Shelby warns of filibuster of auto bailout
Posted on 12/07/2008 7:53:28 PM PST by Ernest_at_the_Beach
With job losses mounting and Detroits Big Three automakers facing a battle on Capitol Hill over emergency federal aid, President-elect Barack Obama on Sunday predicted more hard times for the U.S. economy before it starts to turn around, and Sen. Richard Shelby (R-Ala.) threatened a potential filibuster of any attempt to bail out the automakers.
This is a big problem. Its gonna get worse, Obama warned on NBCs Meet the Press.
Things are going to get worse before they get better, he added.
Obamas comments came on a busy Sunday morning that saw Secretary of State Condoleezza Rice making stops on three talk shows to talk about the fallout from the Mumbai terrorist attacks, and lawmakers clashed over whether a $15 billion bridge loan to American automakers should be approved.
Sen. Carl Levin (D-Mich.), a staunch ally of the U.S. carmakers, and Shelby, who has emerged as the leading opponent of any aid package for the Big Three, sparred over the whether the American government should rescue U.S. automakers during an appearance on Fox News Sunday.
Levin said he was confident that Congress would consider a bailout bill for the auto industry, but stopped short of predicting whether it would pass. Democratic leaders in the House and Senate are considering a $15 billion bridge loan to help out the automakers.
"I think they're very close to a deal, I think there will be a deal and that will happen in 24 hours," Levin told host Chris Wallace. Obviously, that's a much more complicated question of whether the votes are there. What I'm confident of is that a bill will be introduced."
(Excerpt) Read more at politico.com ...
First of all, there is no Constitutional authority to give my money and your money to the automakers.
Doing this will only keep them pursuing the same bad policies which got them in this hole — plus a bunch of expensive liberal social nostrums that will make matters worse.
Chapter 11 could be the best thing that could happen to them. It woudl enable them to shed unsustainable obligations, streamline, and reorganize in a way that makes for a more efficient operation.
Contact your Representative and Senators and tell them to oppose the auto bailout.
The US auto industry has not yet pared to the bone. The retirees make more in retirement than many other Americans make in their yearly paycheck. I am a proud Toyota Corolla owner and I support a good company by buying a dependable vehicle at a fair price. Why should I be forced to support the Big 3 bozos with my tax money.
Hey that's not too bad..LOL
You are right. The man apparently thinks in banal soundbites. He has never uttered publicly, to my knowledge a truly informative or insightful statement. It is all PT Barnum stuff.
But I gess that is what false-fronts are made of isn't it.
Exactly! I did my part when I purchased a new Ford Taurus this summer. If the American people were interested in bailing them out, we’d be buying more of their cars.
The government needs to eliminate all of the stupid regulations they put on the auto industry for starters and the unions need to stop paying some of their employees not to work. The industry needs to go through a re-organization.
Contact your Representative and Senators and tell them to oppose the auto bailout.
Oh sure I’ll contact Chuckie cheese Schumer and whoever governor Stevie Wonder appoints as the next bozo senator from NYS -—LOL
I keek seeing the light at the end of the tunnel—and it ain’t anywhere near NYS.
I actually watched the hearings on CSPAN...
You could tell that the politicians, the auto executives, the lawyers, and the union bosses knew the outcome. The whole thing was a show trial, a formality, lots of lip service to the taxpayers, but nobody asked the ultimate question of why I (and YOU) should pay for someone else’s poor business decisions.
It is not a net benefit to the nation to take from people with a median family income of $50.233 and use it to keep people making $74/hr employed, especially when the latter group is “done making concessions”.
What do I say to this?
"This is a bridge loan to nowhere."
"This is a down payment on many billions to come,"
"This is 30 years in the making."
"These companies basically have failed or are failing. They probably need, according to some people, about 60 percent of the management to go, and about 40 percent downsize of the workers."
Sen. Shelby is correct.
WTF does that dick-head know? All he wants is people to be afraid so he can come "save them." He wants control, and the more bail outs we have, the more control Obama will have over the nations commerce. Obama has'nt enough clues to sit down and STFU. He is showing everyone that he is dumber than dirt, even for a POS born outside of the USA.
Of course its a bridge loan to nowhere. This is strictly fodder for the Unions for an industry that is way over staffed by line workers who earn 75 bucks an hour, and have pension plans envied by the whole nation. This is the Union attempt to extend their hog wallow for one more year or so.
Whats happened is that the Unions have ruined another perfectly good business. You will notice that Toyota is not Unionized, and its workers do quite well.And Toyota thrives.
NO UNION BAILOUT. Let the big 3 file for Bankruptcy and work their way out of it, and EFF the Unions.We can all drive Toyotas if they do not make it.
BTW, he knows where Obama was born. The State of Alabama has the ammunition to save the nation from this POS Obama, if they would only use it.
Bailing out any carmaker to allow them to contimue in a market that is not big enough for all the players is just stupid. No matter how much money gov’t hands out, they can’t increase the market. Somebody needs to shrink or go away.
He's seen his birth certificate?
"This is a down payment on many billions to come," Shelby warned. "This is not something that happened overnight. This is 30 years in the making. These companies basically have failed or are failing. They probably need, according to some people, about 60 percent of the management to go, and about 40 percent downsize of the workers."
The ultimate question is: Who is going to buy the damned cars?
Detroit only makes one car I want... a Corvette.
OK, please send me a check out of your bank account because my job, which pays me more than you make, is vital to your health.(I spent more than I make, sorry) Please add as many zeros to the sum as you can./s
What part of socialism is bad, don't you understand?
I am perfectly happy with my 20 year old BMWs.
If the "Big 3" can find money for their homosexual benefits and pervert social advocacy, why should I have to subsidize them?
The planned obsolescence on the parts for older cars and the unnecessary technical gadgets making service outrageously expensive on newer models is something they incorporated into the design of their product line.
The throw away product line as a business model is coming back to haunt them.
And making things more complicated so the average buyer cannot service the vehicle themselves doesn't help that. Give me another '69 Chevy pick-up I can rebuild in one day or keep your plastic junk...
heh, heh... Mine's a '78 Chevy, almost fully restored. Wouldn't trade it for one of those new POSs even if you gave it to me. Been there, done that, didn't like the wrecker charges.
Might as well write myself a letter.
You get the picture perfectly clear.
I reverted back to buying older, more reliable cars that are user friendly in maintenance and repair. Getting gouged by the towing and repair scam is ridiculous.
I don't need seats wired into the central computer that massage my testicles. It is not the user friendly feature I'm looking for IN A CAR.
Yes, it has had an enormous impact. Just THINK of all those hours of productivity lost because your Big Three car wouldn’t start one cold morning - all because Earl on the production line in Chicago couldn’t be bothered to install the starter properly and now it’s chewed up your flywheel.
GM makes some great drivetrains, it’s just too bad that the cars they’re bolted into are crap. :P
They are killing themselves.
How does a manufacturer screw up a brake caliper piston that bad????
They should scrap everything but the Corvette and make various bodies that just bolt on over the top.
It was a rhetorical question, I already knew the answer. :P
I got a deal on an 01 (pretty new at the time) which promptly broke down a zillion miles back up in the woods. There was nothing I could do with it- "check engine" was on and would not let the motor start. It took me 2 days to hike out, another day for a buddy and me to go get the thing (he only charged me 1/2 day for the wrecker), and then I got whacked $675 to replace a $12 crank sensor (or some such).
Considering I completely rebuilt the 350 that's in my current truck for a bit more than $450, and I guarantee it would drag that 01 around the yard without even breathing hard, and get better mileage doing it, you can understand where my butt got a little sore. :D
There's no way I will go back to something I can't fix right here out of my garage.
The bigger issue, and you see it with globaloney warming among other things, is that the libs are seeking to remove dynamism out of life by telling us we have to preserve the conditions that exist at a particular point in time whether they be climate conditions or the state of an industry including the number of businesses and employees. Every policy they have is designed to manage a steady state which is contrary to nature and the only way they can do that is by strict control. Bailing out the auto industry comes with strings not because they want to hold them accountable, but because the libs want to maintain the snapshot they have of it. So how ever many businesses and employees exist at the time of their snapshot, that's how many businesses and employees they will seek to maintain no matter what it takes. Central planners, who cannot control the teenagers in their own houses and don't learn a thing from their failures there, somehow think they can control entire industries and ultimately the economy. They cannot, of course, but they'll ruin the economy trying and far too many here in this country are now willing to allow it.
I just found a 69 El Camino... That's gonna be my parts gitter.
Body is pretty good... done to block-coat, interior is all there, needs to be put together, 12bolt posi 3:73, m-22 rock crusher, poor skins on centerline mags, chrome is all there no motor... $2700 bucks
My buddy has one of those. 350/350 with a non-LSD rear, mostly restored to factors specs.
The only thing it does well is go in a straight line. The rest of the car is badly designed, poorly assembled, and what moron thought that handling was adequate back in 1969? Even for a truck?
Yeah... remind me to not let you near any of the toys I play with.
Or for that matter, anything made after 1970.
Seriously, what’s so hard about plugging in a scanner and reading the information there? It’s a lot easier than figuring out why your Edelbrock 1405 suddenly started going super-rich for no apparent reason.
And on some cars, the car will actually display the problem, in ENGLISH, on a dashboard display if you ask it.
Also, you do realize that most of these “old tech” 350s don’t make more than 300 horsepower, while that’s where most of the new-tech engines *start*.
Of course, you *did* buy domestic, so I suppose you have a reason to think that “all new cars are too hard to fix and are crap.” They’re not, really.
Well there's yer problem, right there.
You must be a UAW member. YOu can talk all you want but I won’t buy a car from any company that gets a bailout.
“There was nothing I could do with it- “check engine” was on and would not let the motor start. It took me 2 days to hike out, another day for a buddy and me to go get the thing (he only charged me 1/2 day for the wrecker), and then I got whacked $675 to replace a $12 crank sensor (or some such).”
Wow, what a story! You must have been a zillion miles back in the woods.
Yeah... though if he was smart, he would have carried a new-fangled invention called a “radio” with which he could have contacted others to come assist him. :P
What's so hard about being a mechanic and working without the meters?
The problem occurs when you are broke down on the road- Where I live, especially with a pickup, that can be 50 miles from nowhere real easy, with no cellphone, and probably no CB (mountains are like that). The more complicated the system is, the less likely one is to have the part onboard, not to mention having the tools and whatnot available to complete the repairs. Pre '85, converted to HEI ignition is a pretty simple system. Barring a catastrophic failure, onboard parts are negligible, and I can tune it by ear just about as good as a meter can do.
Who looks at the speedometer?