The Auto Industry Bailout...
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Harrypeaches
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PostPosted: Tue Dec 02, 2008 5:24 pm    Post subject: Reply with quote

It is disheartening to think of all the un-deserving people who are succeeding with minimal effort because of bull-shit circumstances.
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Bulkoth
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PostPosted: Wed Dec 03, 2008 1:22 pm    Post subject: Reply with quote

I seriously doubt Raytheon even pays $73 an hour for me and my benefits. And that is just the average, meaning some people probably make far more.
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Marcus Brody
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PostPosted: Sat Dec 06, 2008 12:57 am    Post subject: Reply with quote

http://www.usatoday.com/money/autos/2008-12-05-auto-hearing_N.htm

Looks like they're probably getting $15 billion.


I guess it's not that bad after that last bailout, but damn.
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Raptor
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PostPosted: Sat Dec 06, 2008 11:24 am    Post subject: Reply with quote

That is a sad statement.
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Marcus Brody
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PostPosted: Sat Dec 06, 2008 1:01 pm    Post subject: Reply with quote

Well, they haven't voted yet.


But I doubt it won't pass.
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Marcus Brody
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PostPosted: Wed Dec 10, 2008 8:21 pm    Post subject: Reply with quote

http://news.yahoo.com/s/ap/20081210/ap_on_go_co/congress_autos

Keep up the good work, guys.
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Raptor
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PostPosted: Wed Dec 10, 2008 10:34 pm    Post subject: Reply with quote

That is a nice suprise.
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Marcus Brody
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PostPosted: Fri Dec 12, 2008 12:38 am    Post subject: Reply with quote

http://biz.yahoo.com/ap/081211/congress_autos.html

Thank you US Senate!
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Jacob
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PostPosted: Fri Dec 12, 2008 1:30 am    Post subject: Reply with quote

Even a blind squirrel
May find an acorn sometimes
Stores for the winter

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Bulkoth
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PostPosted: Fri Dec 12, 2008 9:31 am    Post subject: Reply with quote

I got a good chuckle at the part where the Majority leader is calling for Bush to sap money from the Wall Street bailout and redirect it to the Auto industry.

GM's plan to recover is to focus on GMC, Cadillac, Buick, and Chevy. Leaving Saturn, the one company that makes cars that people would want to buy in a recession to sink or swim on it's own.

They really should declare bankrupcy now, while they still have some cash around, so that when they tell the UAW to take a flying leap they have the funds to get back in the game while they can't manage a loan.

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Marcus Brody
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PostPosted: Fri Dec 12, 2008 11:08 am    Post subject: Reply with quote

I think the reason for that decision is that very few people want to buy a Saturn in any circumstance. I assume you're talking about gas milege with the "want to buy in a recession" thing, and Chevy has small cars that are in the same category as Saturns for efficiency.
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Bulkoth
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PostPosted: Fri Dec 12, 2008 11:29 am    Post subject: Reply with quote

I meant fuel efficient, reliable, cheap, and safe. Generally things I don't associate with the Chevy name.
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Marcus Brody
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PostPosted: Fri Dec 12, 2008 12:39 pm    Post subject: Reply with quote

Dude, most Saturns are just Chevys with different body panels.
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Silverhand
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PostPosted: Fri Dec 12, 2008 1:11 pm    Post subject: Reply with quote

The Head of the UAW was just on Fox screaming about the Evil Republican caucauss that hates detroit and the american working man and wants them dead. That their hourly rates are less that Toyota that is whose labor contracts theirs is compared to.

Their hourly rates are less but they recieve over double their hourly rate in benefits which essentially pays them double what toyota employees at an american plant make.

Then new cry for when someone does not go with a democratic plan.

They Are Being ANTI PARTISAN!!!! They will not work with us! They said no, boo hoo hoo.

Fuck off UAW. Get competitive.

If they would have set a date on when the big 3 would be competitive the money would be theirs. They refused, so they got denied the money.

Chapter 11 now!


Oh, GM said its closing 21 plants in Jan for a month. They are trying to create sky is falling panic in the workers.

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Bulkoth
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PostPosted: Fri Dec 12, 2008 1:17 pm    Post subject: Reply with quote

So do away with both and make a decent car...

The point is that they aren't changing direction, they just want bailed out so they drive full steam into the ground instead of the more moderate impact of just failing alone.

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