Bail Out

Has anyone noticed that CONGRESS is giving the auto companies holy hell for asking for a LOAN. They GAVE the banks about 55 times as much. This from an institution that exempts itself from social security, and has its own permanent pension plan with ful>>>

Randy and OS make good points I won't repeat. But I will add a couple One giant "elephant in the room" we all ignore is that people live a whole lot longer than they used too. When my dad was born in 1917 his life expectancy was about 58 years old. Pe>>>

So last night the bail out was quashed.....because the UAW refused to lower wages to non union rates until the end of their contract. So now you get nothing, and you add to the woes of a country already on it's back, and how many people lose their jobs?,>>>

A word we are going to using a lot whether the auto industry has bailout money or not, Deflation I'll repeat it so as we don't forget Deflation there is going to be a little bump in commodities in the coming months then it is a Nantucket Sleigh ride ri>>>

here is another D word...depression. If GM and Chrysler don't get their bridge LOAN (LOAN!!!) we could see our recession turn in to a depression.

It should be noted that the "bailout" they are asking for is a loan, not a handout. A handout is what we>>>

....but you KNOW that they will come back with their hand out for more, all projections indicate thet the amount requested is not enough. Again. The unions refused to lower their workers wages to that of non-union workers....I mean you think that is righ>>>

ciak, we are already experiencing deflation. Oil is at a record low, gas prices the same. They did'nt admit we are in a recession til almost a year later, hope you still got them dinars.....>>>

[quote]the amount requested is not enough. The amount requested is not the same as the amount under consideration.

[quote]The unions refused to lower their workers wages to that of non-union workers....I mean you think that is right?

t>>>

where is my edit button to fix "consrvative"?>>>

Here is the link where you can hear NPRs david Welner report that the talks broke down because the unions won't allow their workers wages to reach parity until 2011. http://www.npr.org/templates/story/story.php?storyId=98178010

The amount requested was>>>

[quote]Public opinion is not on the side of the car companies. I wonder why.

In part because they are uninformed and or misinformed,,again in part.

For instance Toyota auto workers in the United States average nearly 2 dollars an hour more than>>>

River Rat Dad wrote: [quote][quote]Public opinion is not on the side of the car companies. I wonder why.

In part because they are uninformed and or misinformed,,again in part.

For instance Toyota auto workers in the United States average>>>

If Walter Reuther, one of the founding fathers of the UAW, was alive today, I am sure he would find a way to have the union demands be more flexible, particularly in the dilemma our economy is now facing. Unfortunately too many union leaders today are so>>>

Jedd I mean deflation real deflation when suddenly the low interest rates we have been experience is suddenly gong up putting pressure on people who already are stretched and now interest is on sharp rise , gas prices are rising again nobody is now able t>>>

Perhaps the auto industry should be looking to the oil industry for their bailout. JMO.>>>