GM Bailout
- Thread starter winlite
- Start date
teamorion22
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i need to do more reading because i still do not know a lot about this situation but it does concern me. things like this make me think that this is just the tip of the iceberg
They only have to wait until January and they will get the bailout. The Union workers will get raises and the execs will get thier big bonuses. 
uke:
uke:
sure bail them out... what are you going to do next year? just delaying the inevitable, they have grown fat, lazy and deaf to the market forces..
$70+ per hour labor is obscene... let them sink and allow someone that is going to listen to the market demand, put forth a decent car at a decent price take over all the stuff... you bail them out now, you are just throwing the money in the street and lighting it on fire... (I think they need "CHANGE" first)
$70+ per hour labor is obscene... let them sink and allow someone that is going to listen to the market demand, put forth a decent car at a decent price take over all the stuff... you bail them out now, you are just throwing the money in the street and lighting it on fire... (I think they need "CHANGE" first)
He doesn't think so.
REP. BARNEY FRANK, D-MASS.: There was also an assumption that if you did bankruptcy, you can undo labor contracts. Now the unions, to their credit, have negotiated some concessions, but you know, we already have too much union busting and too much income inequality for the average worker in this country for us to now say by the way if you're a company and you haven't been able to totally get rid of the unions, then go bankrupt and rewrite and write down the contracts.
r8
Now the key words there are income inequality. Once again, Frank says the feds should guarantee wages and benefits. That's not capitalism, congressman. Take a course.
Now, I say if the unions won't bend, we won't lend. Get it, congressman? Your vision of a socialist paradise is wreaking havoc with the American economy. It started with Barney Frank and his gang demanding government mortgage loans for people who can't pay them. Now it's income inequality again.
For me, I'd rather have Barney Fife chairing the House Financial Services Committee than Barney Frank. So I'm going with Romney and no loans, unless the unions stop strangling the auto companies.
No corporation can compete with the overhead the American car companies have.
So a government loan deal is a finger in the dike and not a permanent solution. And it is far too risky for we, the people; we, the taxpayers.
Sums it up.
r8
Now, I say if the unions won't bend, we won't lend. Get it, congressman? Your vision of a socialist paradise is wreaking havoc with the American economy. It started with Barney Frank and his gang demanding government mortgage loans for people who can't pay them. Now it's income inequality again.
For me, I'd rather have Barney Fife chairing the House Financial Services Committee than Barney Frank. So I'm going with Romney and no loans, unless the unions stop strangling the auto companies.
No corporation can compete with the overhead the American car companies have.
So a government loan deal is a finger in the dike and not a permanent solution. And it is far too risky for we, the people; we, the taxpayers.
Sums it up.
r8
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