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Post by tenring on Dec 19, 2008 10:00:27 GMT -5
puts them on a very short leash, even the incoming Kenyan has to objections. Betcha Gettlefinger is having a nervous breakdown!
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Post by drs on Dec 19, 2008 10:38:21 GMT -5
Okay the auto industry is getting a bail-out too, I guess, to build more cars? Well, with the economy in the tank, who is going to buy the cars they are going to build?? Money is VERY tight for the average American.
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Post by johnc911 on Dec 19, 2008 14:25:11 GMT -5
This will save millions of jobs across the country. Not just union jobs, but every mom and pop store in every town that has a UAW factory.
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Post by Decatur on Dec 19, 2008 14:32:15 GMT -5
This will save millions of jobs across the country. Not just union jobs, but every mom and pot store in every town that has a UAW factory. For a while anyways.  |
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Post by indybassin on Dec 19, 2008 14:32:44 GMT -5
It won't save any more jobs than if they had to file bankruptcy...
As drs said above and I've said hundreds of times, NOBODY is buying new cars.
This will just delay the inevitable at a bigger expense.
There was no bailout when millions of manufacturing jobs were sent to china or for the 100's of thousands of I.T. jobs then went to India....
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Post by drs on Dec 19, 2008 15:01:27 GMT -5
This will save millions of jobs across the country. Not just union jobs, but every mom and pot store in every town that has a UAW factory. HOW?? The auto industry builds cars, as that is their business, BUT, if no one is buying new cars how is this going to help the economy?  What about the Taxpayer's money? |
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Post by kevin1 on Dec 19, 2008 23:33:24 GMT -5
It's a typically bandaid solution to a festering wound, they should have just told the automakers to circle their wagons and band together as GM and Chrysler are currently discussing rather than hand them a blank check. The banking industry had an automatic safety valve since their products are federally guaranteed vis a vis the FDIC and FSLIC, and the banks are way more important to the US economy than most other businesses will ever be. I'm hoping Congress finds a way to block this travesty and forces the automakers to take the route open to any other business, reorganization and/or merger.
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Post by cambygsp on Dec 20, 2008 3:43:28 GMT -5
I havent been following this real close, but from what I am hearing Ford is not asking for any money.
How can Ford be in such a better position than the other two?
I also beleive that the car companies need to join forces and quit competing with each other.
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Post by Decatur on Dec 20, 2008 4:43:59 GMT -5
I'm not sure I like the idea of only one American car company to choose from. Even tho there are Japanese autos to choose from, for me and many others, it would basically a monopoly.
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Post by huxbux on Dec 20, 2008 5:10:53 GMT -5
Congratulations to the U.S. auto industry and the UAW for being the first in the manufacturing sector to take the headlong plunge into the socialization of free enterprise in America.
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What about the Taxpayer's money?
