Our Money Can't Save GM

I see the writing on Nancy Pelosi's and Chris Dodd's wall.

They will get their (our) money with fear tactics.

We must remind the public about GM -

These are the same assholes who bought up electric railway systems only to dismantle them... forcing people to be more dependent on their automobiles, buses, or diesel power.

http://en.wikipedia.org/w...

http://www.lovearth.net/g...

Los Angeles used to have a comprehensive mass transit system, until GM bought it and destroyed it.

In 1974 one Bradford Snell, a staff attorney for the U.S. Senate antitrust subcommittee, advanced the startling proposition that GM had (1) sabotaged energy-efficient electric transit systems in 45 cities around the country, including LA, in order to sell more fuel-guzzling buses and autos; (2) forced the railroads to replace nonpolluting electric locomotives with GM-built diesels by threatening to withhold lucrative auto shipments

And NOW they want a bailout? I say to them, "F*%k YOU!!"
Please call or write your congressman and reps - tell them "NO".

Any bailout money would be better spent rebuilding our mass transit. Let the unethical cockroaches die.

Now they want 34 billion. Jack Blood just called it grand theft auto.
I have to agree with that!

HYDROMAN
($16 million that year) was the General Motors Employee Health Plan.
Looks like they should have been able to keep it UP against Honda and Toyota.
Wonder what they spent on cosmetic surgery alterations.

Of the 8.5 TRILLION dollars that have been commited thus far to bailouts, the car companies (who represent 10% of ALL manufacturing jobs in the U.S.) are asking for LOANS equal to .004% of the total! Not a handout- A LOAN. Good Grief! It's "couch-cushion lint" relative to its worth.

Not defending any of the bailouts... But if we're going to offer support to any entity in the U.S., how about one that creates REAL JOBS and produces REAL PRODUCTS. GM is the flagship of American Industry.

If our auto industry fails, there WILL be a depression- COUNT ON IT!

I'd like to know how many successful entrepreneurs got there start because they won the lottery?

Just a well writtenarticle by Cameraon Salisbury I would like to share for those interested.

http://www.smirkingchimp....

I was a Union President of local 1335 at the young age of 21 of a small farm equipment manufacturer back in 1981. Needless to say the plant closed and the UAW heads could have cared less about any thing except of the two hours wage (TAX) they drew from membership. As a young man I was too blind to see the bigger picture.
The UAW is nothing more than a private social program that operates like a big government. They have forcefully collected huge sums of cash for over 70 years and protected the interests of the few. The Union heads in Detroit have salaries and benefits unlike most of the members it serves outside of Detroit.
The free market is working and the UAW and CEO's of the not so big three
are using the MSM to plead their sad case to the public. It all started when they implemented the 30 and out clause. Work thirty years and then you are done, retire with full health insurance care and a nice monthly pension check. I guess that proved to be an impossibility as far as the consumer was concerned. To pay for all of this they just raised the price of the autos and all of the improvements in productivity went to pay for these insane private social programs as well as out of control corporate bonuses.

The free market has rejected the not so big 3 anymore and will deal with local, state and federal union employee contracts going forward. The tax payers simply can not afford to pay these out of control wages and benefits. This will prove to be painful for many city, county,state and federal governing athorities.. welcome to reality!!!!!!!!

No more 10-15 paid accumulative sick days.
No more fully paid health insurance, with small deductables.
No more thirty and retire.
No more six weeks vacation
No more 4 times the private sector pension pay outs.
No more gimmies that the private citizens are working their ass off to pay for.

If you think back, you'll remember a time when the TARP bailout didn't have enough votes in congress to pass, and 95+% of Americans opposed the bailout.

It still passed.

Now the country is 68% opposed to this bailout.

They will get their money. It's just going to take some political games first.

George II already put a price on GOP approval for this bailout (free trade deal with Columbia). It's only a matter of haggling before this bailout gets approved.

This is a political show, sit back and enjoy the drama unfold.

VOLUMES need to decrease-

The truth is a bailout won't save jobs. We have had a credit bubble since the late 1990's (I'm certain everyone has noticed). Consumers have taken money out of their homes to finance consumption; including an unrealistic replacement cycle for family transportation they could not have otherwise afforded. People got accustomed to a new car every two years and buying or leasing models that, aside from accessing credit wealth, they could not have purchased. Call it an auto bubble.

The Big 3 have been steadily been losing market share to the foreign manufacturers for years and failing to re- size themselves accordingly. Now that the auto bubble has popped right along with the housing bubble that supported new car purchases for a decade, volumes must decrease. Bailout or no bailout. Volumes must decrease. Plants must be closed. Jobs must be lost. They will be lost at the manufacturer level, the supplier level and in the service industry sector that is supported by them.

"Auto bubble wealth" delayed the day of reckoning for US manufacturers in terms of trimming the fat at management levels, negotiating UAW contracts they could pay and still compete with foreign manufacturers, closing plants that constitute excess capacity and introducing small vehicles to the North American market- which requires a host of changes from re-tooling to wage reduction as the profits in them are lower than in large vehicles.

Reckoning Day has arrived. Unless credit wealth magically reappears and continues to fund a two year replacement cycle for new vehicles, VOLUMES WILL DECREASE. It's just that easy. The market needs fewer cars and trucks, and market share for the Big 3 is unlikely to be positively impacted by bailing them out. The painful changes have needed to occur for a long time and they will now happen in a flurry. The alternative is to keep producing un-needed vehicles at these levels and attempt to rack em and stack em in people's front yards (the lots are full) and use taxpayer money to do it. It makes little sense.

There are massive lay-offs coming as these manufacturers finally marry market share with capacity translating to huge numbers of white collar job losses. They will hit the unemployment line with or without a bailout. Huge numbers of blue collar workers will also need to hit the street. Hopefully, the jobs bank will disappear so John Q Public isn't unfairly being taxed to pay jobs bank benefits and nearly full pay to those folks that he doesn't qualify for himself. A bailout won't stop the inevitable in terms of job loss. At this point it really won't even slow it down. If it does it will hinder the changes that need to be made in order for any of them to have a chance at survival.

Should we also bailout US Builders so they can keep people employed putting up scores of new suburban homes they can't sell?

who killed the electric car??
http://www.youtube.com/wa...

Want Government out of your life??
get off your asses and do something about it.
Hiding will solve nothing.

Quote--ThePatriot


★★★thank you RON PAUL★★★

I look at all this fascism and socialism running rampant and feel sorry I am an American. Geez, I feel sorry I'm a human being...

With the IRS (and similar agencies/instruments of conquest) in place stealing everyone's productivity and future all the bailouts in the world cannot do any permanent good. Stop the thievery and destruction of productivity and America and the world will surge ahead at little cost to anyone. Keep the pseudo-(foreign controlled) government in the middle of things and we all go down to socialistic purgatory.....
 

They own Obama. They also owned McCain.

It cost so much to get into office, I do not know how this can change.

Telling you.

http://video.google.com.a...

TvNewsLIES.org editor, Jesse Richard, shares his thoughts on the proposed bail out of the US auto industry. He explores aspects of the bailout that are not being discussed in the mainstream media.

ENOUGH ! America has been living above its means for to long. There is as much corruption in unions as corporations. The easy money era is over for most. This thinking of prosperity while doing less has been filling the minds of people longer then I can remember. America is corrupt to the core and we are reeping what we have allowed others to sew. NO BAILOUTS for businesses, banks or corporations.
Government intervention has been closing small businesses, small farms, etc. for decades and most have been sitting back doing absolutely nothing except living above their means. And that includes most who are reading this very comment post. Our government is looking straight at us and smileing while poisoning our minds, food,etc. and we do nothing.
Those who support the current president elect are jumping on the band wagon of government handouts and lies while some of us try and save this country.
What few jobs are remaining with unions are for the "most part" over paid and filled with corrupt thinking owners and management as well as workers who think they are owed everything. What a joke.
The very freedom and liberty that our fathers, brothers, uncles, grandfathers and beyond died for are slowly disappearing and yet we squabble about how many channels to get for our television or if we need to purchase a car for junior or if we should get that thirteenth pair of shoes for the wife or if our dog spot needs a hat and coat.
Where are the men and women that uphold those standards and values that our creator gave us. Are there any people remaining with backbone or have most given in to the corrupt zombie state.
I and my family will not give in. We will continue to fight for the freedoms that were God given. Those that hide behind the curtain and pull the levers of operation for this world are pulling levers that you and I have made. It's time to stop those behind the curtain and destroy their very existance before they destroy us.
Do not sit back any longer and continue to trust words. There is a saying my grandfather use to quote when I was young. "Actions speak louder then words". And there have been absolutely no acitons from our leaders at any level of society representing the people who allowed them to be in those positions.
So we must remove 99.9% percent of them. I do not buy the statement that they can only do what they can do. Hog wash! They are still getting paid, they stilll have new clothes, a new vehicle, a large home, an office, etc. etc., and we continue to re elect them. When I watch congress or most politicians, representatives, etc. they do not look like they are even breaking a swet. IT LOOKS LIKE A JR. HIGH SCHOOL DEBATE CLUB. If anything, they have someone carrying their brief case or purse for them,ordering their lunch and dinner, etc.. They smile and keep right on doing what they have been doing for "years". And yet we continue to keep them there.
If most who work for a company are not doing their job, its out the door with your smock and all.
It's past time to clean house. Take action. Do not wait to be loaded up and hauled away before you think of doing something about the dirt in our society. We need to take our country back while we are still able.
Most in office now know that if you tell people something enough they will start believeing it. They also know that if they control the money in society and make all the rules that most people will do what they are told.
DO NOT GIVE IN ! If there is any rightness in any of you, then by the power given by God GET UP AND FIGHT.

We are set to loan all this money to GM for one reason; the UAW. When my dad was busting his ass 60 hours a week at Electrodesign, a supplier for AMC/Chrysler, he was making less money than a laid-off UAW worker. The jobs didn't get sent to Mexico until after Electro went UAW. When GM was chasing 60% of the market, they shared the wealth. When times went bad, the UAW refused to share the burden. GM's products have improved immensely. They haven't done as well as Ford, but they are doing better than most. (If you don't believe me, look up VW's quality record) That said, I am opposed to bailouts. Unfortunately, I think they'll get what they ask for. Loans don't bother me as much if the payback goes to make up the unfunded liabilities for Social Security and Medicare. Speaking of moronic government programs, if we don't bailout GM under current law the federal government will have to take over their health care and pension obligations. GM has $60 billion dollars annually in healthcare costs. (the Japs can put that money into their products, why haven't they won already?) It really says something about how far this country has fallen when the fiscally conservative thing to do is loan $34 billion to failed corporations.

I think if you ran a dailypaul poll about a gm bailout it would run at least 9 to 1 against. The banks, however, are asking for 28000% more than gm and that is a conservative number. So this whole thing is essentially a distraction. Our determination and passion is vast but ultimately finite. We should keep our focus on the fed.

a bit of Blowback for GM's decision to put out the Hummer instead of the electric car. ["Who Killed the Electric Car"]

How about this deal -- we'll "loan" you the money but you'll only be able to manufacture electric cars and alternative fuel cars that run on alcohol, algae biofuel, etc. or powered by solar.

2008-11-11 - General Motors (GM) opened a 300 million dollar, flexible assembly plant in St. Petersburg (Russia). The plant will add 70,000 units of capacity to more than 100,000 already available to GM at joint venture and partner facilities in the country. It will build the Opel Antara and Chevrolet Captiva SUVs and, as of late 2009, the all-new Chevrolet Cruze compact saloon. The plant features a flexible, modern design that can accommodate a variety of different models. The opening ceremony took place in presence of the Russian President Dmitry Medvedev.

The car manufacturer's new plant in Shushary on the outskirts of St. Petersburg is the third manufacturing site to build GM vehicles in Russia. The new plant will employ 1700 people. The new employees have undergone intensive training in the company's global manufacturing system which focuses on top quality in all processes, continuous improvement and involvement of the workforce. One of the other plants is based in Togliatti. The GM Avtovaz joint venture plant is manufacturing the Chevrolet Niva SUV. In Kaliningrad GM's partner, Avtotor, is assembling various Chevrolet, Cadillac and Hummer models for the Russian market.

GM nearly doubled industry growth in Russia from January to September 2008 with sales up 44 percent to 256,765 cars and SUVs. The car manufacturer reached a market share of eleven percent and was the leading international vehicle manufacturer in Europe's second biggest market.
source: www.atzonline.com
then in search box: GM factory

no one should be bailed out.. but if someone had to be I would much rather have gm bailed then a bunch of butt humping banksters! they get 700 billion and the auto guys want a paltry 25 billion? give me a break! we know who the absolute elite are.. and the auto makers are not them or included in that group!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain