Amazing << Hear this. Feel this, and tell me that this isn't music.
Groove to Black Violin EPK, too.
Posted on 12/03/2008 9:14:57 AM PST by Turret Gunner A20
By who? That would be General Motors. GM comes to Washington with absolutely no plan to weather the economic storm other than to grovel for taxpayer money. Do you get that? No plan! Nada! It's either hand over taxpayer funds or we're going to bail .. and if we bail we're taking the rest of the country with us. What arrogance!
The Big Three returned to Washington in their hybrid cars. They presented their plans in hopes that this will be enough to get them a government bailout. But guess what? There doesn't seem to be any really drastic changes. Their business models haven't really changed.
Their adhesion contracts with the unions are still in place. There aren't any secure plans to pay back the taxpayers other than creating a government oversight board. Oh yeah ... that makes me feel so good; a government oversight board. I feel better already. December 3, 2008 There is some talk about symbolic cuts. The CEO of GM and the CEO of Ford say that they will work for $1 a year if it means their companies get a taxpayer bailout. That's great. The problem isn't solved by paying CEOs a buck a year. The problem is solved by bring in some management talent that will make extremely difficult decisions and them paying them a gazillion dollars if they can pull their companies out of the fire without raping the taxpayers.
There is already a provision under our laws to take care of this mess. It's called Bankruptcy. Chapter 11 bankruptcy, to be more exact. Reorganization. The magic of bankruptcy is that all outstanding contracts that are making it difficult for these automakers to compete and survive would or could be cancelled --- and that includes the contracts with the United Auto Workers.
Nancy Pelosi is saying that bankruptcy is not an option. Why not? For the very reason I just set forth. Bankruptcy would not work well for the unions.
The capitalist system - free enterprise - has lifted more people out of poverty than any other economic system ever devised by man. Freedom works. And freedom means the freedom to fail if you don't live up to consumer expectations or if you allowed yourself to be drug into unprofitability by asinine union agreements and products the consumers just don't want.
My guess is that the only way these auto companies survive is if they have to fight their way through this without taxpayer help. A bailout is the easy way out for them. What a stupid idea it is to throw tens of billions of dollars at these companies only to have them declare bankruptcy down the road.
There's another idea floating around out there. Let's just take Ford, GM and Chrysler and combine them into one large auto company. Oh yeah .. that ought to work. Nothing like good old-fashioned competition to spruce up the marketplace.
And speaking of competition ... there is no way the Big Three can survive under their current agreement with the unions. These unions cannot be allowed to bring these automakers down. Get rid of them.
I agree wholeheartedly. After bankruptcy protection, if there was anything left worthwile, the company could either reorganize or sell out. Another good company would gladly buy something that is actually of value. Otherwise let it rot.
Can/will the GOP filibuster this crap?
Yes, Neil,, VERY stupid
Just think of Leyland in GB, They got a bailout a couple of years back [to save them]...They ain’t around
I say let the “Big 3” go bankrupt.
The Fairy Tale
A beautiful fairy appeared one day to a destitute refugee claimant outside a Maryland immigration office.
‘My good man,’ the fairy said, ‘I’ve been told to grant you three wishes, since you just arrived in the United States with your wife and three children.’
The man told the fairy. ‘Well, where I come from we don’t have good teeth, so I want new teeth, maybe a lot of gold in them.’
The fairy looked at the man’s almost toothless grin and — PING ! — he had a brand new shining set of gold teeth in his mouth!
‘What else?’ asked the fairy, ‘two more to go.’
The refugee claimant now got bolder. ‘I need a big house with a three car garage in Annapolis on the water with eight bedrooms for my family and the rest of my relatives who still live in my country. I want to bring them all over here..
’ PING ! - In the distance there could be seen a beautiful mansion with a three car garage, a long driveway, a walkout patio with a BBQ in an upscale neighborhood overlooking the bay.
‘One more wish’, said the fairy, waving her wand.
‘Yes, one more wish.
I want to be like an American with American clothes instead of these torn cloths, and a baseball cap instead of this turban. And I want to have white skin like Americans.
’ PING ! - The man was transformed, wearing worn out jeans, a Baltimore Orioles T-shirt and a baseball cap. He had his bad teeth back and the mansion had disappeared from the horizon.
‘What happened to my new teeth?’ he wailed. ‘Where is my new house?’
THIS IS GOOD .........
The fairy said ‘Tough s—t , Mac, Now that you are a White American, you have to fend for yourself.’ NO BAILOUTS FROM ME!
And she disappeared
A completely infested host must die to take all the parasites with it.
Our local talk show host said this morning that the average pay and benefit for workers (not including the management) for Chrysler = $147,000 per year; GM around $140,000 and Ford $135,000. By contrast the averages for American Toyota, Honda and Nissan workers is $96,000 per year.
There are 12 Chevy dealers in Denver and 5 Toyota dealers. My guess is that GM pumps out cars and foists them on the over abundance of dealershipt in order to get rid of inventory.
This is a bailout of over priced workers - make no mistake about that.
The bail out will become a permanent subsidy..which they will earn by supporting Rat congress critters. In the meantime..with card check they will try and bring down other non-union competition.
Naughty joke...but true.
Just like China in reverse; China is going the other way: discontinuing subsidies to SOE’s and laying people off.
They could start by stopping their ridiculous “we’ll pay you for not working” job banks. All those GM workers who called Rush a week or so ago saying they were being paid for not working or even if they refused to relocate to a state where there was actual work in progress for them, made my blood boil!
Let them clean up their own internal situations before asking taxpayers for any money. They’d just squander it anyway.
No more so than Hank Paulsen threatened....
Therein is the heart of the matter, no?
I have no problem with politicians running huge companies, or if their surrogates, the unions, do --- so long as they allow the consumer freedom of choice without direct or indirect financial penalty.
Unfortunately, I don't see that happening any time soon.
Am I the only one who sees the sham being proposed by the company leadership? Working for a buck a year.
Yeah, right.
And I'm Kermit the Frog.
Of course they'll work for a buck a year. I would too, if their income weren't deprived of bonuses!
Not a word about that!
It's called "Crony Capitalism" and we're in the process of turning the US into a banana republic.
See related post: http://www.freerepublic.com/focus/f-news/2142154/posts
More on United Auto Workers: http://www.huffingtonpost.com/2008/11/16/auto-workers-union-rules_n_144220.html
Faux just announced the UAW is suspending the “job-bank” until contract can be renegotiated.
Translation: wait until our buddies we put in ( Nazi P. and Tarzan Gang ) give us More money and we will slip this back in with back/pay.
What a Hoot.. Nikita would be proud, he didn't have to fire a shot !
Not a chance!
Instant Classic 'Rat solution: 'Level playing field' tarrifs...
Amazing << Hear this. Feel this, and tell me that this isn't music.
Groove to Black Violin EPK, too.
they have no balls to do such a thing.
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