CAR So it looks like the auto bailout is going to happen

[Lat]

http://www.nytimes.com/2008/12/09/business/09auto.html?hp

The United Auto Workers union, meanwhile, is planning to seek a stake in General Motors and a seat on its board in exchange for concessions by its members.
The draft bill, which is still being negotiated by Congressional leaders and the Bush administration, would provide emergency bridge loans totaling about $15 billion to the foundering automakers, particularly General Motors and Chrysler, which are in the greatest danger of financial collapse.

 

[nuclear]

ok

 

[Slickismax]

Jesus Fuck. Why I even bother to pay my bills I have no idea.

 

[Thurman Merman]

Great.

More taxpayer money for corporations who will just run their businesses into the ground again in a few years. And the UAW gets even more of a say in how they operate. Ugh. I hate this country.

 

[HalfPastGone]

got in some Ford stock at 1.27

 

[TriShield]

It's not enough to bail any of them out.

They need nearly 130 billion between the three of them until the auto market comes roaring back, if it every does.

 

[Lat]

Great.

More taxpayer money for corporations who will just run their businesses into the ground again in a few years. And the UAW gets even more of a say in how they operate. Ugh. I hate this country.

it's going to go from bad to worse

 

[Blue Diamond]

UMMM wtf, i thought congress already voted no on the auto bailout

 

[Lat]

It's not enough to bail any of them out.

They need nearly 130 billion between the three of them until the auto market comes roaring back, if it every does.

The gov should just rip up the UAW contract and then bail them out

 

[Lat]

UMMM wtf, i thought congress already voted no on the auto bailout

It happened with the financial bailout as well. They just reword it and it will pass

 

[DaninTexas]

I was going to say something witty and insightful - but I think all of this mess can be summed up in one word



*sigh*

 

[Blue Diamond]

It happened with the financial bailout as well. They just reword it and it will pass

lol, what made them take back the decision?

 

[xpinchx]

 

[Thurman Merman]

lol, what made them take back the decision?

President Bush threatened martial law behind closed doors if they didn't pass it.

Strong-armed.

 

[Blue Diamond]

President Bush threatened martial law behind closed doors if they didn't pass it.

Strong-armed.

and how does this profit bush?

 

[Lat]

lol, what made them take back the decision?

If I remember correctly, the big 3 wanted the bailout and all operations will remain the same. Gov said So they came back with recessions and all this shit so it can pass. Which doesn't mean a damn thing because in order for these recessions to pass within the UAW, GM will have to give a seat on the board to a UAW representative.

 

[Shiva Chaos]

lol chrysler.

 

[Shiva Chaos]

on another note

honda and toyota are still busy trying to find places to put the cars they're producting overseas. Since no one's buying cars.... hello inventory glut.

 

[Thurman Merman]

and how does this profit bush?

I thought you were asking about the financial sector bailout. And it doesn't...directly.

 

[Scoob_13]

This is pretty much the only acceptable response.

 

[Blue Diamond]

on another note

honda and toyota are still busy trying to find places to put the cars they're producting overseas. Since no one's buying cars.... hello inventory glut.

in for 2008 S2000 for $25k flat

 

[Scoob_13]

If I remember correctly, the big 3 wanted the bailout and all operations will remain the same. Gov said So they came back with recessions and all this shit so it can pass. Which doesn't mean a damn thing because in order for these recessions to pass within the UAW, GM will have to give a seat on the board to a UAW representative.

You mean concessions.

At least I hope you do.

 

[couchlock]

wait, they want to put a UAW member on the board? isnt the damn UAW a large reason why this shit is all fucked up in the first place?

 

[nubian]

 

[Scoob_13]

wait, they want to put a UAW member on the board? isnt the damn UAW a large reason why this shit is all fucked up in the first place?

Yup