Pelosi refuses to let auto industry fail

She's going to let Barney Frank write the legislation? The same guy that helped with the housing mess?
I heard Barney Frank has a man date in congress, shoot, don't they all?
 
Quote from TGregg:

New (to the US) automakers don't have legacy pensions and health care based on pay when there was no serious competition and no health care cost spirals.

Nobody realized it at the time, but yes unions put the US Auto Industry square behind the 8-ball. But anybody in the auto biz already knows this.
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GM's health care expense is running at $5 BILLION per year.
 
Quote from gastropod:

I would like to ask the a-hole Pelosi, "What is the position you offered your opponents who lost their race against you?" I say this because there are winners and losers in every race. Why does she feel obligated to "help" those who lost the "automobile manufacturing race," but not those who lost their congressional races against her? It reminds me of the post somebody had out here about Congressman Bowie not wanting to give as "charity" what wasn't from his own pocket - this is the libs - giving what is NOT from THEIR own pocket.
-gastropod
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You have no idea what you are talking about. GM generates $50-$60 BILLION in tax revenue to the federal government, not too mention the fact that they employ 3 MILLION people in this country.

And you claim that this is merely a partisanship ploy by Pelosi?

Get real.
 
Quote from DrPepper:

American Express is transforming itself into a bank holding company so it can get a piece of the bailout pie:

http://www.nytimes.com/2008/11/11/business/11amex.html?em

The question is, after our bankrupt country, which is over $10 trillion in debt, finishes bailing out all of the financial institutions, auto makers, etc., who is going to bail out the USA?:confused:
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What vital role does American Express play that justifies a bailout?

A useless company that should be allowed to die.
 
Quote from Landis82:

You have no idea what you are talking about. GM generates $50-$60 BILLION in tax revenue to the federal government, not too mention the fact that they employ 3 MILLION people in this country.

And you claim that this is merely a partisanship ploy by Pelosi?

Get real.
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WRONG! Perhaps YOU have no idea what you are talking about!

Fact: GM: General Motors Corporation:
Full Time Employees: 263,000

Fact: Income Tax Expense 37,162,000 (2,785,000) (5,878,000 (in thousands) for tax year 2007, 2006, 2005
 
Quote from Landis82:

You have no idea what you are talking about. GM generates $50-$60 BILLION in tax revenue to the federal government, not too mention the fact that they employ 3 MILLION people in this country.

And you claim that this is merely a partisanship ploy by Pelosi?

Get real.
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Please tell the Toyota employee making cars in AMERICA why his/her gov't should take money from him/her and give it to a poorly managed competitor...so that the competitor can take business from the company providing their salary!

May YOUR competitors be so richly blessed with taking YOUR money and trading against you ;-)
 
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