No Need For The Automakers And UAW To Meet Today’s Deadline, You Are Handing Them $7 Billion Today, No Questions Asked
Can you say payback for votes?
Sources said the struggling car maker wasn’t able to squeeze concessions out of the United Auto Workers – part of the cost-saving terms of its $13.4 billion rescue – despite progress made yesterday.
…….
GM execs have insisted the company only has to show substantial progress by today, with the whole plan finalized by March 31.
Fox News summed it up best:
GM, Chrysler set to pick up the second installment of their federal loans Tuesday, even as the Treasury Department begins to review the two automakers’ restructuring plans, also to be submitted Tuesday.
No one is going to look at this plan and I would bet that was the plan the whole time. We, the tax payers, are paying off their debt, with no chance of recouping the money. Who in their right mind would fall for a buying incentive by either of the companies. If you are going to buy new, go with Ford, Toyota, VW, Nissan, KIA, Hyundai, Honda, or any other car maker. You are not going to get any savings out of GM or Chrysler. Add the cost of the loans to those companies to the price of the car and you will find that you are entering into an upside down car loan..
Is the government going to bail out your employer? The answer is no. It is time for GM and Chrysler to file for bankruptcy protection. The excuse that no one will buy from them doesn’t wash any longer..No one can buy now, so why prolong the inevitable?
Trackposted to The Virtuous Republic, Rosemary’s Thoughts, DragonLady’s World, Shadowscope, Cao’s Blog, Democrat=Socialist, Conservative Cat, Nuke’s, Allie is Wired, third world county, Political Byline, Woman Honor Thyself, The World According to Carl, Walls of the City, The Pink Flamingo, Gulf Coast Hurricane Tracker, , CORSARI D’ITALIA, Wingless – Octuplet Case Raises Ethics Issue, and Gone Hollywood, thanks to Linkfest Haven Deluxe.
February 17, 2009 - 10:32 AM on February 17th, 2009
[...] Right Voices wrote an interesting post today on No Need For The Automakers And UAW To Meet Todayâ??s Deadline, You Are Handing Them $7 Billion Today, No Questions AskedHere’s a quick excerptCan you say payback for votes? Sources said the struggling car maker wasn’t able to squeeze concessions out of the United Auto Workers – part of the cost-saving terms of its $13.4 billion rescue – despite progress made yesterday. ……. GM execs have insisted the company only has to show substantial progress by today, with the whole plan finalized by March 31. Fox News summed it up best: GM, Chrysler set to pick up the second installment of their federal loans Tuesday, even as the [...]
February 17, 2009 - 11:32 AM on February 17th, 2009
This is ridiculous. They need to file for bankruptcy. It is bad business to keep supporting failing ideas or products. They’re Liberals and they have been supporting failing ideas for years, so it makes sense they are in bed together. But, the Republicans need to speak up and say enough is enough and tell these companies to file for bankruptcy and reorganize. It worked for the airlines and it will work for the auto industries.
It sure is odd. The airline unions understood what was at stake and renegotiated their contracts. For some reasons, the auto unions aren’t. Oh…that’s right! They are a huge supporter of the DNC and the DNC will be sure they get what they want, despite what is best for the U.S. taxpayer.
http://franklinslocke.blogspot.com/
February 17, 2009 - 12:01 PM on February 17th, 2009
Gee, now that I know I have such deep pockets, I’m going to start checking between the sofa cushions for the odd $billion or two…
*sigh*
February 17, 2009 - 09:38 PM on February 17th, 2009
[...] to Nuke’s, The Pink Flamingo, , and Right Voices, thanks to Linkfest Haven Deluxe. Standard Podcast: Play Now | Play in Popup | [...]
February 17, 2009 - 11:53 PM on February 17th, 2009
[...] world county, The Pink Flamingo, wingless, Gulf Coast Hurricane Tracker, Democrat=Socialist, and Right Voices. Also, thanks to Linkfest Haven [...]
February 18, 2009 - 11:52 AM on February 18th, 2009
[...] ? Read full article… [...]
February 19, 2009 - 12:13 AM on February 19th, 2009
I Have An Idea…
I am going to be taking a one month hiatus to finish moving 7000+ posts…I do not like the fact that all everyone is talking about is negativity…The Housing Committee, Sec. Paulsen and all the others…are the ones responsible for this economic do…..
February 19, 2009 - 12:53 AM on February 19th, 2009
[...] to Nuke’s, The Virtuous Republic, The Pink Flamingo, Rosemary’s Thoughts, wingless, and Right Voices. Also, thanks to Linkfest Haven [...]
February 19, 2009 - 03:40 AM on February 19th, 2009
[...] World According to Carl, The Pink Flamingo, , Gulf Coast Hurricane Tracker, CORSARI D’ITALIA, Right Voices, Wingless – Octuplet Case Raises Ethics Issue, and Gone Hollywood, thanks to Linkfest Haven [...]
February 19, 2009 - 11:35 AM on February 19th, 2009
[...] to Nuke’s, The Pink Flamingo, Rosemary’s Thoughts, wingless, and Right Voices. Also, thanks to Linkfest Haven [...]
February 19, 2009 - 07:40 PM on February 19th, 2009
Loose Lips sind ships?…
Are you getting tired of leaks of classified information?…
February 19, 2009 - 10:03 PM on February 19th, 2009
A Nation of Cowards…
Our country has, in the past century, come a long way, but in one important aspect, we are merely fooling ourselves. When it comes to honest discussions of stupidity, we are a nation of cowards. A lot of you may……
February 19, 2009 - 10:58 PM on February 19th, 2009
Kissing!…
Good grief.
Just what the U.K. needs: Less kissing. ha
……
February 19, 2009 - 11:36 PM on February 19th, 2009
[...] The Pink Flamingo, Rosemary’s Thoughts, wingless, Woman Honor Thyself, Conservative Cat, and Right Voices. Also, thanks to Linkfest Haven [...]
February 20, 2009 - 06:56 AM on February 20th, 2009
[...] to The Pink Flamingo, Rosemary’s Thoughts, , Woman Honor Thyself, Conservative Cat, Right Voices, and The World According to Carl, thanks to Linkfest Haven [...]
February 20, 2009 - 02:45 PM on February 20th, 2009
[...] Carl, The Pink Flamingo, Gulf Coast Hurricane Tracker, , Democrat=Socialist, Conservative Cat, and Right Voices, thanks to Linkfest Haven [...]
February 20, 2009 - 03:02 PM on February 20th, 2009
[...] Carl, The Pink Flamingo, Gulf Coast Hurricane Tracker, , Democrat=Socialist, Conservative Cat, and Right Voices, thanks to Linkfest Haven Deluxe. Possibly related posts: (automatically generated)Attorney [...]
February 21, 2009 - 03:34 AM on February 21st, 2009
[...] The Pink Flamingo, Gulf Coast Hurricane Tracker, , Democrat=Socialist, Conservative Cat, Nukes, and Right Voices, thanks to Linkfest Haven Deluxe. rac·ism Pronunciation: ?r?-?si-z?m also -?shi- [...]
February 21, 2009 - 03:19 PM on February 21st, 2009
[...] The Pink Flamingo, Gulf Coast Hurricane Tracker, Democrat=Socialist, Conservative Cat, Nukes, and Right Voices, thanks to Linkfest Haven [...]
February 21, 2009 - 03:26 PM on February 21st, 2009
[...] The Pink Flamingo, Gulf Coast Hurricane Tracker, Democrat=Socialist, Conservative Cat, Nukes, and Right Voices, thanks to Linkfest Haven [...]
February 22, 2009 - 09:29 AM on February 22nd, 2009
[...] Honor Thyself, The World According to Carl, The Pink Flamingo, , Gulf Coast Hurricane Tracker, and Right Voices, thanks to Linkfest Haven [...]
February 22, 2009 - 09:55 AM on February 22nd, 2009
Mr. Indebt and Mr. Nodebt…
This is a story about two men, Mr. Indebt and Mr. Nodebt, but I think they represent two distinct groups in American today. Both men live in the same state, are close to the same age, both are married with……
February 22, 2009 - 04:27 PM on February 22nd, 2009
Another Obama Miracle…
It turns out that the polar ice cap is not melting as fast as we thought, and in fact government predictions of an ice-free North Pole are simply wrong. Now, some people are arguing that this is just one more……
February 23, 2009 - 08:11 AM on February 23rd, 2009
http://www.angelfire.com/ky/kentuckydan/Committees...
If you want to make a statement to politicians about the Mega Pork Bill? May I suggest sending them a package of Pork Rinds?
For $0.99 plus shipping at amazon you can send them some Fat Back Pork Rinds…
June 25, 2009 - 11:08 AM on June 25th, 2009
How I’ve Learned to Stop Worrying and Have Learned to Live with Obama…
“The more you tighten your grip, Tarkin,
the more star systems will slip through your fingers.” Princess Leia (AKA Sarah Palin)
It’s just a matter of time before The One (anointed) blows it – in front of the whole world. We a…
June 25, 2009 - 11:08 AM on June 25th, 2009
Media Double Standard On Palin’s Tax Ruling…
I am beginning to believe Sarah Palin truly DOES have a future as the first female POTUS. It is obvious she can’t do a durn thing right (according to the liberals). If she keeps this up, she’s well on the way to being our nominee.
This is…
June 25, 2009 - 07:38 PM on June 25th, 2009
EXPOSE: The Soros Ruination of NASA…
By now, any rational person knows that George Soros basically owns the Obama Administration. He owns the Democratic Party. He funds Move On & the Huffington Post. He hates Jews, Israel, the GOP, democracy, freedom and Christians.
Junk Science ha…