Comments on: Wage Demands Sink Auto Bailout In Senate

Despite Coming Within "About 3 Words" Of A Deal, Republicans Block $14B Package Over UAW Refusal To Accept Pay Cuts

[endurorob]

Anyone venture a guess when the stuff will hit the fan? I can only imagine one morning waking up and turning on the TV news and showing mass confusion.



Posted by Hackerpc

I thought mass confusion had already hit congress.

[endurorob]

The auto workers need to make some concessions. Getting 90% fo your salary when you are laid of is ridiculous. How did that ever happen.

[bailthisout]

PLEASE SENATORS - JUST SAY NO!!!
This "Bridge Loan" will not work. It leaves all contracts in tact - in essence all it does is continue business as usual which we all know can''''t happen. The players (Big 3, UAW, etc.) will have to "work together" and NEGOTIATE alterations - which means a great deal of time any energy being spent while this $15B is blown through rapidly.
Chapter 11 is the answer - it truly protects the companies from creditors, voids overbearing contracts sucking the comapnies dry, and places appropriate oversight of the companies to actually make these people amke appropriate decisions.
Bankruptcy IS NOT the end of the companies, NOT the end of Unions, and does NOT screw the supplies that are owed money - it is a process to protect all of those IF quick appropriate decisions can be made and implemented to stop the bleeding of these companies. Leaving everything intact assures only one thing - FAILURE
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Posted by craigh9

Could not of said it any better.

[debinok1]

When auto makers go down because of this and milllions more are out of work the next step will be to "temporarily" suspend the minimum wage.

[debinok1]

hacker,
I would venture to guess probably august or september of 09 if not sooner. it could hit as early as spring/summer of 09.

[gmcnally2]

Translation: We got this thing, and it''s golden. We''re not just giving it away for f''ing nothing.

Ante up again, Big 3!

By the rich, of the rich, for the rich.

[craigh9]

PLEASE SENATORS - JUST SAY NO!!!
This "Bridge Loan" will not work. It leaves all contracts in tact - in essence all it does is continue business as usual which we all know can''t happen. The players (Big 3, UAW, etc.) will have to "work together" and NEGOTIATE alterations - which means a great deal of time any energy being spent while this $15B is blown through rapidly.
Chapter 11 is the answer - it truly protects the companies from creditors, voids overbearing contracts sucking the comapnies dry, and places appropriate oversight of the companies to actually make these people amke appropriate decisions.
Bankruptcy IS NOT the end of the companies, NOT the end of Unions, and does NOT screw the supplies that are owed money - it is a process to protect all of those IF quick appropriate decisions can be made and implemented to stop the bleeding of these companies. Leaving everything intact assures only one thing - FAILURE

[debinok1]

hackerpc,
Yeah thats pretty much right, we are on the verge of the new Depression, and not a stinking thing we can do but bend over and grab our ankles. I just hope we all remember this in 2010 when these politicians who have been in office so long they forgot who they represent.

[omega40]

This is the text of the 1886 Supreme Court decision granting corporations the same rights as living persons under the Fourteenth Amendment to the Constitution. Quoting from David Korten''s The Post-Corporate World, Life After Capitalism (pp.185-6):

In 1886, . . . in the case of Santa Clara County v. Southern Pacific Railroad Company, the U.S. Supreme Court decided that a private corporation is a person and entitled to the legal rights and protections the Constitutions affords to any person. Because the Constitution makes no mention of corporations, it is a fairly clear case of the Court''s taking it upon itself to rewrite the Constitution.


I can only surmise by the above ruling that I also then have the same rights as a corporation.

Since times are tough, and my finances are taking a battering...I shall be calling on my congressman for a bailout.

[ford555551]

Sen. David Vitter, remember the name, *** addict senator from Lusiana who was caught going to prostitutes. Question is, did he use tax payers money for his *** addiction?

[debinok1]

This has nothing to do with the GOPs concern for how taxpayer money is being spent, it just isn''t being spent the way "they" want it spent. They are thumbing their collective noses at the american people for taking them out of power. How I wish Oklahoma had uprooted these longtime career politicians when they had the chance.

[omega40]

It just amazes me. $700 billion to save some bankers and investors but they are fightning about spending $15 billion to save hundreds of thousands of jobs and an entire industry.

Posted by endurorob

Republicans have always hated organized labor; they see this as an opportunity to destroy or badly damage one of the last remaining unions with any sort of clout.

[endurorob]

It just amazes me. $700 billion to save some bankers and investors but they are fightning about spending $15 billion to save hundreds of thousands of jobs and an entire industry.

[endurorob]

The last sentance of this article says "Also included in the bill is an unrelated pay raise for federal judges." It doesn''t tell you this stuck in by Harry Reid. Nor does it say these judges already make $169,300.00 a year. Way to go leadership. Having tax payers pay more to these guys when everyone else in this country has to worry whether they will even have a job next week.

[usclimey]

I hope all 3 million workers whose jobs disappear will remember for ever which party placed saving banks over 45 times as important as saving the car companies.

[omega40]

Republicans are challenging lame-duck President George W. Bush on the proposal, arguing that any support for the domestic auto industry should carry significant concessions from autoworkers and creditors and reject tougher environmental rules imposed by House Democrats.

Too bad the boneheaded Republicans didn''t demand that the banks actually lend money when they threw 700 billion at them under the guise of a "credit crisis".