Automotive bailout collapses in Senate

[pavyracer]

Why? Because the workers union did not concede their excessive wages to get in line with Japanese makers workers. And then you wonder what is wrong with this country? These people are willing to not have a job in a month than reducing their wages from $30 an hour to $20 an hour.

Watch out for Wall Street to crash tomorrow. It will be a bloodbath in the morning.

[Chi_archie]

yikes.... guess I shouldn't have bought those GM shares

[purecarnagge]

Yes, UAW is a joke.

[bigboydan]

Should we boycott buying U.S. cars Mr.Pavy?

[Cyclone]

The Dow futures are down 200 already (as of 11pm Eastern).

[pavyracer]

Should we boycott buying U.S. cars Mr.Pavy?

No...just walk in your local dealership tomorrow and buy one for half price. Many people will lose their jobs tomorrow and they will be willing to sell you a car for a loss.

[Rixsaw]

It's a good time to get my Mustang GT.

[Chi_archie]

The Dow futures are down 200 already (as of 11pm Eastern).

wow, might have a -700 or more day eh?

I love blood in the street....

[wtf]

uaw leadership is quite clever


NOT

fire them all, millions standing on side line waiting for those jobs at reduced wages

[Chi_archie]

what will happen to the Big 3's stocks? pennies?

[bigboydan]

what will happen to the Big 3's stocks? pennies?

If that were to happen I would have to buy some of that stock and take my chances. Unless of course Pat Venditto is feeling bullish on it.

[guitarjosh]

Should we boycott buying U.S. cars Mr.Pavy?

I think we already have been...

[Chi_archie]

I mean... isn't this the end though for them??? wasn't this their last card to play.... are they gonna lay off like 70% of their payroll and try to start over?

they won't cease to exist, is what you are saying?

[bigboydan]

I don't buy their argument they tried to feed congress sir. We both know they have other resources they can use in order to bolster their companies.

[Dark Horse]

The stock market could crash today (Friday). Unless something is done.

[wtf]

gm is 62 billion in debt YES BILLION 62 of them

they will never get out of debt

no plan will save them

they are doomed and they deserve for selling some of the worst cars on earth for decades and being manipulated by UAW

[jjgold]

Do not bail them out

Make them starve

Fuk those losers

[wtf]

wtf is wrong with the democrats???????? letting this bill go through!

letting those uaw leeches keep 100% of their salaries and entitlements.

and the uaw playing poker with congress. so arrogant.

[Dark Horse]

They were talking about 14 billion.

After ok-ing 700 billion to help banks... And those banks are refusing to lend to anyone, meaning that cars aren't selling.

In my opinion, home owners and car companies should have received aid directly, and the banks should have been allowed to go bust.

[wtf]

your abosolutely right about the banks, and history has proved your correct. japan is still mired in almost 20 years of no growth because they have a bunch of walking dead banks they refuse to let die.

BUT look who is running the fed and his butt buddies, all bankers and ex-goldman dorks. of course they are going to protect their hampton buddies with tax payers money.

[pico]

well, at least some of them has common sense.

most people don't understand, GM is not just a US operation...it is a multi-national corporation.

[pico]

The stock market could crash today (Friday). Unless something is done.

friday or monday.

i think the most common x-mas/kawnza gift in detroit will be auto parts.

[wtf]

their rational is they are to there to protect the financial system. and cannot "cherry" pick industries to bailout or protect. which does make sense, you have to draw the line somewhere.

but they still should have let goldman and morgan stanley collapse, they were not banks.

[Shark79]

As many other Mulit-national corporations.

I still cant believe how they preffer to have no job whatsoever than to drop their salary and wait for this recession to clear and then get back on track.


GM about 2 yrs ago started selling cars in Central America .... they now have ¨dealer ships¨ .... but there not BUILT TOUGH for the streets where I live ... fvkers break all the time ... worst car I have seen.

Toyota and Nissan a WAY superior around here.

[pico]

their rational is they are to there to protect the financial system. and cannot "cherry" pick industries to bailout or protect. which does make sense, you have to draw the line somewhere.

but they still should have let goldman and morgan stanley collapse, they were not banks.

paulson was a former goldman. so that is a big connection.

all the lawmakers has money in GS, so it affect their wallet directly. plus GS is much smarter than those auto-maker ceo, they pretty much scared the shit out of the lawmakers from the start.

[pico]

As many other Mulit-national corporations.

I still cant believe how they preffer to have no job whatsoever than to drop their salary and wait for this recession to clear and then get back on track.


GM about 2 yrs ago started selling cars in Central America .... they now have ¨dealer ships¨ .... but there not BUILT TOUGH for the streets where I live ... fvkers break all the time ... worst car I have seen.

Toyota and Nissan a WAY superior around here.

that is why i never by american cars.

[Dark Horse]

What's happening is so corrupt that I could only qualify it as satanic. And I do mean that in the darkest occult sense. I'm reminded of Christ who, in a fury, threw out the money changers (and shortly after was crucified for no apparent reason at all). The money changers are back. In fact, their greedy fingerprints are all over this crisis.

http://iamthewitness.com/DarylBradfordSmith_Bankers.htm

[wtf]

dark horse, i have read this previously and it is fascinating. but why you think they are in on this one?

trying to start some global currency?

i really dont think they will EVER get their greedy filthy paws on anything in asia.

[EBSB52]

Why? Because the workers union did not concede their excessive wages to get in line with Japanese makers workers. And then you wonder what is wrong with this country? These people are willing to not have a job in a month than reducing their wages from $30 an hour to $20 an hour.

Watch out for Wall Street to crash tomorrow. It will be a bloodbath in the morning.

Those numbers are misleading. The Jap makers don't have retirements and other costs that the American makers have. I would like to compare the actual wages of the American vs the Jap makers. American workers have taken it up the ass for so long that I commend them for standing up, but don't worry, some scabs will help the fascist gov break the union so wages will once agin be low. Also, the Jap makers don't have the seniority that American auto workers have.

And then you wonder what is wrong with this country? These people are willing to not have a job in a month than reducing their wages from $30 an hour to $20 an hour.

You're guessing where they are and where the fascist gov wants them to be. As well, once you make concessions, you are constantly asked to make more. Why fight for a $20 hour job that you've been at for 20-30 years, you can get one for that w/o fighting for it.

Have they demanded the CEO's take a big hit, a 33% hit or more? I don't see how wages are the issue, it's more like corporate waste and mismanagement. The worker is usually the scapegoat.

To say we don't need collective bargaining and union representation is like saying we don't need healthcare, as they are linked.

[EBSB52]

Yes, UAW is a joke.

Yes, low wages are the rule, anyone that wants to have representation to earn more is just a theif.

[EBSB52]

The Dow futures are down 200 already (as of 11pm Eastern).

Good, hope they crash 1000 points today. Fund the fiscal sector to the tune of 700B so AIG can have 400k parties and that's cool, ask for 14B for the automakers so we can actually produce something and the roof falls in. THAT is what's wrong with America.

[EBSB52]

uaw leadership is quite clever


NOT

fire them all, millions standing on side line waiting for those jobs at reduced wages

I agree, we should pay workers a flat wage; $8 / hour and then there's no more whining about minimum wage and the sort.

[EBSB52]

gm is 62 billion in debt YES BILLION 62 of them

they will never get out of debt

no plan will save them

they are doomed and they deserve for selling some of the worst cars on earth for decades and being manipulated by UAW

The UAW manipulated them to make big junk? The UAW doesn't care what GM makes, just how they compensate. They've been making big junk forever and have been profitable, the problem is with their product line not staying current.

[EBSB52]

wtf is wrong with the democrats???????? letting this bill go through!

letting those uaw leeches keep 100% of their salaries and entitlements.

and the uaw playing poker with congress. so arrogant.

I know, **** the AMerican worker, scumbag motherfvckers. Let's go back to foodlines and begging, put that some bitch back in their place.

[pavyracer]

I think you should go after Walmart EBSB52. They are the ones that make toys for 25c an hour in China and sell for $25 a piece in the US for profit. It's called capitalism and this is why Walmart doesn't need a bailout. If you like blood sucking greedy unions go live in France. This is a capitalistic country. Socialism will never work in the US.