AUTO BAILOUT GOES DOWN IN FLAMES BY UNIONS AND SENATE!!

There aren't a lot of jobs left in the US -- especially ones paying above min wage.

That makes these jobs a valuable asset because these people will be put out of work and immediately start sucking money out of the Government.

We live in a country where most small businesses will fail and be wiped out unless they have strong foreign backing. It's not the American Dream of the past.

A lot of people say corporations should be able to run however they please and while I agree in spirit, the reality is that most Corporations have declared war against America and the American worker.

Thus, I don't believe CEO's, owners, etc of such companies have any rights.

Look at how much the military industrial complex, the oil industry, etc, etc has been sucking out of us and left us dry with their wars, illegal immigration, made-in-china crap, etc, etc. We don't have many if any alternatives and they fixed the system that way in advance.

I think we are at the point where we need to start breaking up these companies and regulating the sketchy ones because if we don't they are going to destroy what's left of the US.

Oh, this is priceless. Have you read Nancy Pelosi's midnight statement about the Senate's refusal to pass the automobile bailout?

Excerpt (emphases and comments mine):

"The House-passed bipartisan legislation protects taxpayers,

Right out the gate, she hits us with this whammy. As if a bailout of the automobile makers somehow actually protects taxpayers! Ha ha ha!

preserves environmental standards

See what I mean? She's such a card! That's funny, Nancy! Declaring that bailing out companies is what preserves environmental standards -- quite the belly laugh, there!

and places tough accountability measures on the auto companies to help ensure their long term viability and competitiveness.

Oh, the tears in my eyes from laughing are making it hard for me to read the rest of her statement! Yes, accountability, Nancy! Just like the accountability we are stringently holding bankers to! My, aren't their feet to the fire, eh?!? Ha ha ha ha!

The House-passed bill demanded deep concessions from all parties -- the executives, shareholders and the union.

Okay, in that list of those making concessions, she forgot to include: the American taxpayers. But her delivery is so spot-on, that I'll just overlook that unimportant little tidbit!

“Senate Republicans’ refusal to support the bipartisan legislation passed by the House and negotiated in good faith with the White House, the Senate and the automakers is irresponsible

OH, THAT DID IT! I'm about to pee my pants, I'm laughing so hard. Ha ha, Nancy says that the Senate Republicans are the irresponsible ones -- not the people who run their businesses into the ground, but those who say we shouldn't rob from Peter in order to pay Paul. My sides are achin' I'm cracking up so hard!

...is irresponsible, especially at a time of economic hardship. The consequences of the Senate Republicans’ failure to act could be devastating to our economy,

She just delivers 'em one right after the other, in rapid-fire delivery! Oh, you Nancy! She even jibed senators by implying they "failed to act" when they just "failed to act as Nancy wanted them to act." She doesn't miss a beat!

All of the preceding was just the warm-up; now, here comes the biggest punchline:

detrimental to workers, and destructive to the American automobile industry unless the President immediately directs Secretary Paulson to explore other short-term financial assistance options, including TARP and those available to the Federal Reserve. That is the only viable option available at this time."

Get it??? If Congress doesn't behave properly, we'll just have the President (is he still around?) take charge of the situation. Like when kids are misbehaving in the back seat of the car, and the dad turns around and gruffly warns, "Don't make me come back there!" But we all know dad is all bark and no bite these days, and the actual situation will be handled by someone(s) else. As if "dad" or these "someone else"es could really solve the problem! Ha ha ha ha!!!....

...hey, how come you guys aren't laughing?

Instead of renegotiating contracts, and doing what was right, they chose to keep all those employees tied to higher wages that the industry can no longer sustain. When businesses slow down, or can no longer afford to pay workers they must start letting them go, and make drastic changes in order to survive, until the storm is over, if that happens. The contracts these unions have with the Big 3 are simply way out of hand. One needs to remember that a lot of these employees have been sitting at home collecting a full paycheck because it is cheaper for the Big 3 to do that instead of having them work and make cars that are not selling. In my opinion the Big 3 should have told the unions a year ago that they were going under, and gave them a time line to renegotiate contracts, and the Union should have reduced wages to match other car makers.