Comments on: Obama Asks Bush To Back Aid To Automakers
Washington Post: President-Elect Pushes New Stimulus Plan During White House Meeting
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DHL, was holding on in hopes that McCain would get elected. Now that Obama is elected they are cutting 9500 jobs...
Posted by mr22587 at 10:21 AM : Nov 11, 2008
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Omama''s not even the President yet. Don''t you think it''s a little early to be blaming Bush''s failures on him?
lol!- Reply to this comment
China sees NO growth in the American Economy under an Obama administration for the next four years!!! The Chinese government infused %586 billions into their financial system to firm up their economy!!!
Posted by scb1111_1 at 10:18 AM : Nov 11, 2008
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Bush is still the President. I know you''re anxious but don''t you think it''s a little early to be blaming his failures on Obama?
lol!- Reply to this comment
Top executives need to be earning much more realistic salaries. These execs earn Millions, that is not right. I work for the phone company who''''s CEO earns Millions. The company has a "Cash Issue"now and Management has gone through a 50% force reduction within the last 5 years or so because business is not good and competition is tight. However Our CEO does not take a reduction in pay or not even offer not to take a bonus which is also in the Millions. Preferring instead to throw good workers out in the street and onto the unemployment line. BTW, he also had the nerve to donate $14 Million to Pace University, while claiming the company has a cash crisis and continuing with a force reduction. This type of attitude and selfish manner of running a business is what is getting all US companies in the mess we are in now.
Posted by josebcruz at 10:16 AM : Nov 11, 2008
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Good point! The executives that wreck these companies get millions in salary in bonuses regardless of whether they run them into the ground or not.- Reply to this comment
- "Bush, speaking privately to Obama during their first Oval Office meeting, repeated his administration''s stand that he might support quick action on those bills if Democratic leaders drop their opposition to a Colombia trade agreement that Bush supports"
In short, that Republican S.O.B. puts Colombia''s jobs - and citizens - before Americans, because that approaches puts the most profits in the pockets of his core constituency.
That S.O.B. is about as American as Fidel is. - Reply to this comment
This is the first issue I do not agree with Obama on! What, are we going to bail out the whole country now over everything? There has to be a limit!!
Posted by adek1 at 10:14 AM : Nov 11, 2008
The federal government has, for the last 8 years, taken a anything goes approach to overseeing industries that are the lifeblood of our economy. We have no choice but to bailout the auto industry. But we can set conditions that guarantee the money isn''t wasted.- Reply to this comment
- Top executives need to be earning much more realistic salaries. These execs earn Millions, that is not right. I work for the phone company who''s CEO earns Millions. The company has a "Cash Issue"now and Management has gone through a 50% force reduction within the last 5 years or so because business is not good and competition is tight. However Our CEO does not take a reduction in pay or not even offer not to take a bonus which is also in the Millions. Preferring instead to throw good workers out in the street and onto the unemployment line. BTW, he also had the nerve to donate $14 Million to Pace University, while claiming the company has a cash crisis and continuing with a force reduction. This type of attitude and selfish manner of running a business is what is getting all US companies in the mess we are in now.
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- We need to stop providing welfare to our economy. Stop the subsidies to the farmers, hospitals and schools. These systems will thrive when they are open to the free market without government regulations or assistant.
When the government become involve in education, we fell behind the rest of the world. The government become involve with welfare, more people went onto welfare. When the government got involved farm subsidies, prices went up. When the government started raising minimum wage, inflation went up faster.
Posted by danielle_mom at 09:56 AM : Nov 11, 2008
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Well, you can go hungry. The farmers aren''t the problem...
Regarding colleges, it''s disgusting how tuition costs skyrocket every year - the students shouldn''t have to paid for "principal greed", no pun intended...
As for hospitals, $30 for one aspirin tablet is ludicrous too. Or the $20 sheet of tissue to sneeze on. Some fees are legitimate. It''d be cheaper to smuggle in a bottle of Tylenol and a box of Kleenex for crying out loud... - Reply to this comment
- This is the first issue I do not agree with Obama on! What, are we going to bail out the whole country now over everything? There has to be a limit!!
- Reply to this comment
Dow down over 240 points, the Obama''''s Firesell" continues!!! No bailout for Ford, GM or Chrsyler, let them all go oversea to China and get that "makeover" they need to compete in the GLOBAL Market!!!
Posted by scb1111_1 at 10:11 AM : Nov 11, 2008
Obama''s not even the President yet. I know you''re anxious but don''t you think it''s a little early to be blaming Bush''s failures on him?- Reply to this comment
- I implore Mr Bush, Mr Obama, and others to read up on the life of Henry Ford. He had some good sense.
The domestic industry is in trouble because Ford and GM now make only SUVs and trucks that waste gas and fall apart.
If there are issues with health care costs, let''s fix health care. That''s not GM''s, or the workers'', fault.
I agree, add conditions to these bailouts. If they can''t regulate themselves...
I won''t say much about unions, which aren''t the core problem anyway -- and there are plenty of genuine ways to get those union exec crooks to lose their necessity either. They gave us the 40 hour work week, paid vacations, and so on, but others have raised good points about their dues, thieving of their own, and other arguable talking points. - Reply to this comment
If U.S. automakers get bailout money it should be conditional that they come up with a viable plan to turn themselves around and pay the government back.
Otherwise this would just be throwing money away.- Reply to this comment
- I am so glad that President Bush is linking this to the stalled free trade pact with Columbia. Both Senator McCain and President Bush understand the truism that liberals can''t seem to get. The economy is in bad shape (although fundamentally strong) because we don%u2019t have enough free trade and business is mired in too much regulation. Senator McCain has a theory that markets left alone will self regulate and mitigate risk through a concept known as moral hazard. It is a pity that the liberals stole the election so these theories could not have been put into practice.
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- NO MONEY TO DETROIT, NO MONEY PERIOD. THEY HAD YEARS TO FIX THE US AUTO INDUSTRY AND FAILED. OTHER COUNTRIES LIKE THE UK LET THEIR AUTO INDUSTRY GO BECAUSE THEY COULD NOT COMPETE DECADES AGO AND GOT THOUGH IT.
WE WILL TOO.
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Posted by CPelzar at 09:47 AM : Nov 11, 2008
We cannot compete because of the union! Overbloated wages and benefits are not allowing automakers to be competitive in the world economy. The UAW should have prepared their supporters for lower wages and benefits instead of ramming their demands up GM''s
b utt. The union should have shouted to the rooftops, "a lower wage job is better than no job at all", but they didn''t the greedy pigs. - Reply to this comment
- I live in Michigan and not all GM employees are union or lazy. My brother is a senior engineer and has worked his b utt off to improve the engines in cars and provided computer technology to tweek the gasoline engine for all it''s worth. According to him, GM did go overboard with their variety of SUV''s and the UAW is GM''s worst enemy. The UAW is uneffective and a dinosaur in today''s society. Pushing for overbloated wages and out of this world healthcare benefits have been their goal and the survival of the company has been last on their moneygrubbing list. I resent using bailout money for the retirees healthcare as it is above and beyond what most people see in benefits. Union workers have rode high on the hog during good times and continue to want to take that road while the company falls down around them. I want conditions for this bailout, no bonuses for exec''s and the UAW should be kicked to the curb. Let''s stop shucking out money to a group that is no longer necessary in today''s modern society, paying people to be a middle man is wasted money and promoting false hopes in a competitive manufacturing environment.
- Reply to this comment
- We need to stop providing welfare to our economy. Stop the subsidies to the farmers, hospitals and schools. These systems will thrive when they are open to the free market without government regulations or assistant.
When the government become involve in education, we fell behind the rest of the world. The government become involve with welfare, more people went onto welfare. When the government got involved farm subsidies, prices went up. When the government started raising minimum wage, inflation went up faster. - Reply to this comment
- This would be a perfect opportunity to attach a carrot to the stick. GM has resisted efforts for many years to produce engines smaller than 2 liters. It should be a mandate that ALL of the infusion of capital be used for retooling for small engines for passenger cars with fuel economy minimums of 29 mpg city and 32 mpg highway. In addition the amount of infusion should be doubled if GM can meet a deadline of 3 years for market availability of a gas-electric hybrid priced below $20,000.
We need leadership and direction, not finger-in-the-*** handouts. - Reply to this comment
- BAILING OUT DETROIT WILL MARK THE BEGINNING OF THE CONSERVATIVE REVIAL IN 4 YEARS. PUTTING MONEY INTO DETROIT IS A BOTTOMLESS PIT......
- Reply to this comment
- NO MONEY TO DETROIT, NO MONEY PERIOD. THEY HAD YEARS TO FIX THE US AUTO INDUSTRY AND FAILED. OTHER COUNTRIES LIKE THE UK LET THEIR AUTO INDUSTRY GO BECAUSE THEY COULD NOT COMPETE DECADES AGO AND GOT THOUGH IT.
WE WILL TOO. - Reply to this comment
- gop_will_Win at 09:18 AM
NOT! - Reply to this comment
- Let BO go on record for doing it.
- Reply to this comment
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