Does Anyone feel like Bailing

[Trilby]

Originally Posted by Undertoad

Noticed in NYT story this morning saying it's the end of the line for SUVs:

http://www.nytimes.com/2008/12/24/bu...er=rss&emc=rss

For a YEAR. What an amazing deal.

Of course, in a market, everything is connected. The other side here is that GM is motivated to close the plant *sooner*, so they don't have to pay for nothing for too long. With gas prices dropping like a rock, perhaps there is life for the line after all. But GM can't risk it.

There is always the other side to these deals. The union negotiates a higher salary and greater benefits. The company must then lay people off wholesale, when the tough times come, instead of keeping more people and saving money on salary and benefits.

Still, GM had their chance to build a car in a non-union state, from scratch, with non-union North American labor just like the Japanese companies... and they built Saturn. Were we supposed to be impressed?

Chuh. I WORKED at that Moraine plant and I cannot think of a group of people more richly deserving of a plant closing than these fucks.

Go ahead and pitch your names at me----these people DESTROYED their plant. I saw it happen day by day. The union was invested in saving the jobs of your worst cow orker nightmare---is that what union dues are for? to save the scum of the earth? Coz that's what they did. Worst. People. Ever.

And beware, all of you. Lots of these displaced persons are heading for nursing school. Think things are bad in health care now? Just wait.

[Trilby]

PS---the workers at this particular GM plant are, of coursem predicting the end of the world as we know it because their plant is closing. Alarmist bullshit from folks who can't even fight their own traffic ticket.


We shall see.

[Trilby]

hey. tw. Ya know what unions do with problems? Throw money at them.


That's what unions routinely do.


Ya wanker.

[Trilby]

(a moment of silence while I weep for tw and his beloved gm employees)


tw is a shop rat.

[TheMercenary]

Originally Posted by Brianna

(a moment of silence while I weep for tw and his beloved gm employees)


tw is a shop rat.

[classicman]

Originally Posted by tw

Must be executed quickly because the White House will soon finally have someone with intelligence; not driven by blind loyality to a political agenda.

What? We elected Perot? When did that happen?

[tw]

Originally Posted by classicman

What? We elected Perot? When did that happen?

Well, you're gettting better. Instead of just reading the 1st paragraph, now you are up to reading every fourth word. Progress has been made. You are now reading more that George Jr does.

[classicman]

I read the whole post, as always. The first 90% was just your same old regurgitated bullshit - no need to comment on it as I already read the Economist as well. I just don't see the point in paraphrasing it and acting as if they were my original thoughts.

[TheMercenary]

Nice...

Autoworkers Union Keeps $6 Million Golf Course for Members at $33 Million Lakeside Retreat

http://www.foxnews.com/story/0,2933,472304,00.html

[tw]

From the Washington Post of 3 Jan 2009 is what happens when government does constant economic stimulus; then economics takes revenge:

U.S. Debt Expected To Soar This Year
... the national debt is projected to jump by as much as $2 trillion this year, an unprecedented increase that could test the world's appetite for financing U.S. government spending. ...
But about 40 percent of the debt held by private investors will mature in a year or less, according to Treasury officials. When those loans come due, the Treasury will have to borrow more money to repay them, even as it launches perhaps the most aggressive expansion of U.S. debt in modern history. ...
While the current market for Treasurys is booming, it's unclear whether demand for debt can be sustained, said Lou Crandall, chief economist at Wrightson ICAP, which analyzes Treasury financing trends.

"There's a time bomb in there somewhere," Crandall said, "but we don't know exactly where on the calendar it's planted."

The government's hunger for cash began growing exponentially as the nation slipped into recession in the wake of a housing foreclosure crisis a year ago. ...

As of yesterday, the debt stood at nearly $10.7 trillion, of which about $4.3 trillion is owed to other government institutions, such as the Social Security trust fund.

When the president had intelligence and not a political agenda, then debt was about to be eliminated. Wackos since promoted outright myths to the ignorant such as tax cuts, corporate welfare, and even blames unions. These same anti-Americans also promoted another myth: if it was promoted or created by Clinton, then it must be wrong.

Others say those fears are overblown. The market for U.S. Treasurys is by far the largest and most liquid bond market in the world, and big institutional investors have few other places to safely invest large sums of reserve cash.

Unfortunately, that same reasoning justified mortgage backed securities, CDOs, massive economic government stimulus, corporate welfare, tax cuts, and even "Mission Accomplished". The resulting costs appeared years later, suddenly, and brutally.

In the next few years, we will learn how much damage a mental midget has done to America - as 1968Nixon did to 1970s America. We have yet to see the real costs of wacko extremist conservatism - what happens when the mental midgets get a president they can relate to.

[classicman]

U.S. governors seek $1 trillion federal assistance

The governors of New York, New Jersey, Massachusetts, Ohio and Wisconsin -- all Democrats -- said the initiative for the two-year aid package was backed by other governors and follows a meeting in December where governors called on President-elect Barack Obama to help them maintain services in the face of slumping revenues.

"The Obama team has been very receptive in listening to us," said Gov. Jim Doyle of Wisconsin. He said "quite a number" of other governors back the initiative.

The Republican Governors Association, however, said the level of federal aid being sought would create a burden for the future.

"The proposal by the Democratic governors goes beyond things like 'shovel-ready' infrastructure projects and is essentially a bailout of these states' general funds," Nick Ayers, executive director of the Republican Governors Association, said in a statement. "Now is the time to focus on finding cost-effective ways to provide essential services without burdening future generations with ever greater debt."

Corzine said the money called for represents about 3 percent to 3.5 percent of the economy, equivalent to the amount that the economy is expected to contract by over the next two quarters.

In light of the $700 billion provided to bail out the financial industry, "It's not shockingly large," he said.

We seem top have lost all perspective and reason. All I hear is gimme gimme gimme - just print more money....

I feel ill.

[TheMercenary]

I am considering forming a bank and asking for money.

[HungLikeJesus]

From CNN's Rebecca Sinderbrand and Mark Preston

Larry Flynt is asking for a bailout.



WASHINGTON (CNN) — Another major American industry is asking for assistance as the global financial crisis continues: Hustler publisher Larry Flynt and Girls Gone Wild CEO Joe Francis said Wednesday they will request that Congress allocate $5 billion for a bailout of the adult entertainment industry.

“The take here is that everyone and their mother want to be bailed out from the banks to the big three,” said Owen Moogan, spokesman for Larry Flynt. “The porn industry has been hurt by the downturn like everyone else and they are going to ask for the $5 billion. Is it the most serious thing in the world? Is it going to make the lives of Americans better if it happens? It is not for them to determine.”

Francis said in a statement that “the US government should actively support the adult industry's survival and growth, just as it feels the need to support any other industry cherished by the American people."

“We should be delivering [the request] by the end of today to our congressmen and [Secretary of the Treasury Henry] Paulson asking for this $5 billion dollar bailout,” he told CNN Wednesday.

[richlevy]

Well, it looks like the White House will have to bail out GM now if it wants parts and service for the new presidential limo.

When President-elect Barack Obama pulls up to 1600 Pennsylvania Avenue Jan. 20, he will do so in a new car -- a highly armored, specially designed limousine manufactured in near secrecy by General Motors.

Both GM and the Secret Service are keeping the specs of the car under tight wraps, but according to a spokesman for the car company, the limo is a new and "unique" design that was not simply built atop an existing GM chassis.

Personally, if I had to place my life in the hands of an American company, I don't think GM would make the list. I hope he at least got free roadside assistance.

[lookout123]

Yes, Mr President. It is Tuesday and you do need to travel through the city. Well the problem is Mr Wagoner says he won't reactivate our keys until he get another $25,000,000,000. Yes sir, he did cackle when he said it.