Pelosi Outlines Auto Bailout Package

Speaker Says Automakers Would Have To Agree To New Fuel-Efficiency Standards, Commitment To Innovation

(CBS/AP)  House Speaker Nancy Pelosi said Saturday the House would provide aid to the ailing U.S. auto industry, requiring that the industry meet new fuel-efficiency standards, produce advanced vehicles and restructure "to ensure their long-term economic viability."

Pelosi, D-Calif., did not disclose the amount of funding House leaders intend to seek for the industry - automakers have been seeking $25 billion in loans to stabilize their sinking companies. But she said the funding should come from the $700 billion financial bailout approved by Congress in October.

"A restructured, competitive American automobile industry will continue to play a crucial role in our national economy and in the global marketplace," Pelosi said in a statement.

The move sets up a conflict with the White House, which has opposed using the bailout funds to help General Motors Corp., Ford Motor Co. and Chrysler LLC. The Detroit companies have been battered by an economic meltdown that has choked their sales and frozen credit.

Car sales in the U.S. are at a 25-year low - forcing dealers to offer as much as $15,000 discounts on 2008 SUVs and trucks, reports CBS News correspondent Michelle Miller.

"These companies are in really dire straits," auto analyst Rebecca Lindland told CBS News.

General Motors is burning through money. It has $16 billion on hand but warns it may run out of cash in the next 45 days, reports Miller.

"If one of them goes bankrupt, there is going to be a tremendous, tremendous ripple effect throughout the economy," said Lindland.

But not everyone agrees.

Dan Ikenson, an economist at the CATO Institute, estimates only 200,000 jobs are at stake. He actually sees bankruptcy as the best option.

"Once [bankruptcy] happens, the fortunes of the other two producers will improve," he told CBS News.

Bankruptcy, Ikenson says, could allow the auto industry to renegotiate their union contracts. The Big Three's workers make, on average, $74 an hour - the highest paid in the country. Their Japanese counterparts, on the other hand, offer their non-unionized American workers just $47 and hour.

"GM, Chrysler and Ford made very bad decisions regarding the products they made over the past few decades and as respect to how they dealt with labor relations," Ikenson said.

U.S. automakers are lobbying lawmakers furiously for an emergency infusion of cash. GM has warned it might not survive through year's end without a government lifeline.

President-elect Barack Obama said he believes that aid is needed but that it should be provided as part of a long-term plan for a "sustainable U.S. auto industry" - not simply as a blank check.

"For the auto industry to completely collapse would be a disaster in this kind of environment," Obama said in an interview with CBS's "60 Minutes" that will air Sunday. "So my hope is that over the course of the next week, between the White House and Congress, the discussions are shaped around providing assistance but making sure that that assistance is conditioned on labor, management, suppliers, lenders, all of the stakeholders coming together with a plan - what does a sustainable U.S. auto industry look like?"

Pelosi said the plan would call for "immediate, targeted assistance" and must include several principles, including the restructuring of the companies "to ensure their long-term economic viability," new fuel-efficiency standards, and the development of advanced vehicles.

She said it would include "even stronger limits on executive compensation and assurances to protect the taxpayer." House aides said the legislation was still being developed and a specific funding level had not yet been reached.

Pelosi did not mention any plans for the UAW to make any concessions as part of the legislation. UAW president Ron Gettelfinger told reporters earlier Saturday the problem is not the union's contract with the auto companies.

"The focus has to be on the economy as a whole as opposed to a UAW contract," Gettelfinger said. The union has said it made several concessions in its 2007 labor agreement, setting lower pay for new hires and placing retiree health care liability into a trust run by the UAW.

Facing an uphill battle in Congress and stiff opposition from President George W. Bush, supporters of the government bailout have considered reducing its $25 billion size. A House aide said Saturday that $25 billion was still the amount being discussed.

"There's a need for immediate action," Alan Reuther, the United Auto Workers union's legislative director, said Friday. He said one option under consideration was a smaller, more targeted amount of funding "that would get the companies through to March."

Sen. Debbie Stabenow, D-Mich., said negotiations were taking place among senators on what the amount should be. "This is about getting enough votes to be able to solve the problem," she said.

Other auto suppliers and dealers with showrooms empty of customers plan to join the effort Monday when Congress returns following the Nov. 4 elections. The key Senate vote on preventing opponents from blocking the package could occur as early as Wednesday.

Democrats want to carve a portion of the $700 billion that the Bush administration is using to bail out banks, insurance companies and other financial institutions. The White House on Friday came out firmly against the approach.

White House press secretary Dana Perino said the administration would rather Congress expedite the release of a separate $25 billion loan program for the development of fuel-efficient vehicles and have the loans used for more urgent purposes as the companies struggle to stay afloat.

"Democrats are choosing a path that would only lead to partisan gridlock," Perino said.

Pelosi said Saturday that any attempt to divert money from the loan program would be a "step backward in assuring the viability and competitiveness of the U.S. auto industry."

Environmentalists and Pelosi have vehemently opposed using that money for anything other than designing and building vehicles that get higher gas mileage and produce less pollution. Democrats hold a 37-seat majority in the House and bailout supporters foresee little difficulty winning its passage there.

But the measure needs 60 votes to survive in the Senate, where Democrats will hold a razor-thin 50-49 majority when President-elect Barack Obama gives up his seat on Monday. A furious search was on for a dozen Republicans to break the anticipated filibuster from opponents.

Several Republicans have already lined up against it. "Like most Americans who are concerned about the direction of our economy and more federal spending, I must also ask - when is enough, enough?" said Sen. John Cornyn, R-Texas.

Two Republicans - Kit Bond of Missouri and George Voinovich of Ohio - said they will back the plan. Several other Republican senators have signaled they might accept a rescue if strict conditions are put on Detroit's Big Three companies, including management and salary changes, union concessions and a commitment to making more fuel-efficient vehicles.

Bond, whose home state of Missouri has several auto plants, said the concept of government mixing with the free market was "very troublesome." But he added, "We have to act in unique times of crisis when tens of thousands of Missouri workers are in danger of losing their jobs."

Democrats are modeling their bill on the bailout terms that the Bush administration has used for doling out $290 billion to banks and insurance companies. The government would get an ownership stake in the auto companies in exchange for the loans to ensure that taxpayers would get their money back if they return to profitability.

[chetthor]

as long as it is a government investment with oversight, no bonuses, start the cuts at the top

forget bailouts/handouts

[b0ludo]

Ms. Pelosi: It is very simple. GM, Ford and Chrysler manufacture, market and sell 60 mpg cars in Europe and the rest of the world. They are Diesel powered vehicles, which have a much lower carbon impact on the environment. Allow them (give them a two-year exemption on some of the more restrictive EPA and DOT requirements) and force them to start selling cars like the Ford Ka and Fiesta and the GM/Vauxhall Agila, both 60+ MPG cars by raising the CAFE to 40 MPG.

[whitemale08]

Too little too late...

Instead you should immediately draft legislation that will shut-down the private Federal Reserve System and bring into receivership!

Use your Congressional powers to conduct bankruptcy proceedings of the entire Federal Reserve System in order to CANCEL OVER A QUADRILLION IN DERIVATIVES!!!

FORGET THE AUTO INDUSTRY RIGHT NOW AND SAVE THE WELFARE OF AMERICAN CITIZENS!!!!!

[lf1952]

No bailout - it would just be pouring good money after bad.
If auto workers are making $150,000/year, THEY don''t need a bailout either.

The current situation is 100% predictable due to (1) a failed business model, producing huge, inefficient cars and (2) ludicrous wages. $74/hour = $150,000/year, for someone with high school diploma.

Sorry. They should be left on their own to declare bankruptcy.

If companies and the union(s) can''t agree on salaries that will permit competition on the international stage, then the company goes away, as do the jobs/unions. The companies and unions got themselves INTO this situation and it won''t go away with government money. They need to start from scratch.

We can buy foreign made cars that are well built and fuel efficient until new companies start producing US cars that are the same or better and the unions either get with the program or get out of the way. If the UAW thinks their contract isn''t a MAJOR part of the problem, they need to get oriented to reality. How many of you make $150,000/year??

If you haven''t written your Senator/Representative, do so. Tell them NO bailout. Restrict TARP to financial institutions to get credit available and then STOP!

[tmittelstaed]

The auto industry absolutely needs to be bailed out. But, giving the money to the car companies is the absolute wrong way to do it.
What the government needs to do is start handing out coupons to any state, city, or municipal government, redeemable for $4,000 on the purchase of a new car from one of the domestic automakers. Government fleets are large consumers of vehicles and if they got this money they could quickly purchase large numbers of cars, then place their older cars that are beginning to cost money for maintainence into the used car market. It would save local governments money both for the immediate purchase and for longer term maintainence costs, thus saving taxpayers money.

[airboatboy1]

Democrats want to carve a portion of the $700 billion that the Bush administration is using to bail out banks, insurance companies and other financial institutions.


There''s some help for the taxpayers. They can make more cars that are worth less the minute you drive them off the lot and by the time their paid for aren''t worth sh$t! But they might get a little better gas mileage.

[fiberglass3]

The first question is how will the "Big 3" help get us away from oil (really gasoline)? If they can offer solutions then I''''m not opposed to giving them help.
Electric is here and should be promoted much better.
30 MPG is a joke.

[sleepyric]

If the unions don''''t want to conceed their 30.00 plus per hour wages and enormouse benefits packages then let them get laid off. They will soon see what living on a normal paycheck is like. First the Banks then the insurance companies, then wall street, now the auto industry, I guess the oil companies are next. After all they aren''''t making their 300 billion in profits now that oil prices are down.


--------------------------------------------------------------------------------

Posted by withad at 08:14 AM : Nov 16, 2008


I totally agree! I can drive a Toyota/Nissan/VW just as well as a GM/Ford or crappy Chrysler product.

[opedanderson]

Everyone still happy about choosing Obama and the Dems?

This nonsense is just the beginning......

[cbs_oliver]

From Reuters comes this more accurate description of costs:

"GM%u2019s hourly labour costs at $73.26 and Ford%u2019s at $70.51 are about $30 higher than those of
their Japanese rivals operating U.S. plants, according to data compiled by the automakers. Much of that gap represents the cost of higher pensions and retiree health-care costs, according to the automakers.

I suspect that labor costs include all labor including management.

The characterization in the article on this site is simply wrong.

No doubt the error is deliberate and is made so as to support an anti labor political agaenda.

Too bad.

Thou shalt not bear false witness.

[shanev137]

Stop bailing out businesses!

That''s not how a free market economy works!

[tbuckl]

2008 Preamble to Declaration of Independence
We the rich hold these truths to be undeniable; that all rich people are created above all others & that from our superiority is created by our God, that we derive our rights inherent & inalienable, above anyone else, we decide what the preservation of life, & liberty, & the pursuit of happiness is; that to secure our position to these ends, our token government is instituted by the rich, deriving their just powers because they have the armies and from the consent of the rich; that whenever any person shall become destructive of our rules, it is the right of the rich to destroy, alter or to abolish any rule, law that interfere with the rule of the rich, & to institute new definitions at will and without notice , laying ours foundation on the backs of the not rich. We shall organize our powers in such a form, as to keep all non-rich at bay and shall protect our safety & happiness by force should the poor rise up due to the heavy yoke around their necks.

[rbsims]

The auto industry got themselves into this mess, let them bail themselves out or fail. Capitalism is a government free business system. They decided to build *** that no one wants to please their big oil buddies, now it''s time to suffer the consequences. The democrats are off to a poor start by injecting a socialist agenda into a capitalist market. I voted for the democratic platform, but I''m already rethinking my decision.

[robert2237]

Any one with any knowledge of this knows that the UAW is and has been the main problem in most industries. Look at all the industries that have been in trouble over the years. Funny that those are mostly union industries. The auto industries should tell the UAW they have a option, if they take a 25% cut across the board in wages and benefits they will be able to keep their jobs if not they are out of work in a few months. These bail outs have to stop now.

[mainedoggie]

Can you believe this? Tell Nancy "No"

[e-mail]

If you are not a resident of California''s 8th Congressional District and are contacting me in regard to my role as Speaker, please email me at [e-mail]

If you are a resident of the 8th District of California, please contact my office in Washington, DC at [phone] to be added to our database.

[mainedoggie]

========
Everyone still happy about choosing Obama and the Dems?

This nonsense is just the beginning......

Posted by opedanderson
===================


Riiiiight. But the whole bail-out idea was started by a bunch of crony neo-cons!

[mainedoggie]

NEW YORK (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) has been telling U.S. government officials that a bankruptcy filing by the automaker would set off a chain reaction hitting hundreds of its suppliers and dealers as well as its Detroit rivals, The Wall Street Journal reported on Saturday.

Citing people familiar with the situation, the Journal said on its website that GM''s auto-industry bailout lobbying effort in Washington was reaching out to congressional leaders, the outgoing Bush White House and members of the transition team of President-elect Barack Obama, with meetings going on over the weekend.

[cbs_oliver]

Auto workers do not "make" and average of $74 dollars an hour.

The auto industry estimates the labor costs embedded in its cars as $74 dollars an hour. That seems to include benefits for workers and retirees. It may include management as well as non-management. It may even include estimates of embedded labor costs in the pieces parts used to make the cars.

Only God and GM know what sort of tenuous relationship their estimate of labor costs bears to salaries.

The writers of this story should have done much better research. As it is the story is useless fluff and political spin.

[specialty8]

Pelosi needs to go on another 5 week vaction and promote another book or something and leave this to someone who knows what they are doing.Please California do not reelect this woman.

[cbs_oliver]

Auto workers do not "make" an average salary of $74 dollars an hour.

The auto industry estimates the labor costs embedded in its cars as $74 dollars an hour. That seems to include benefits for workers and retirees. It may include management as well as non-management. It may even include estimates of embedded labor costs in the pieces parts used to make the cars.

Only God and GM know what sort of tenuous relationship their estimate of labor costs bears to salaries.

The writers of this story should have done much better research. As it is the story is useless fluff and political spin.

[McHineguy]

Lets see, $74 an hour (thats AVERAGE, some make more, some less) is about $150,000 a year. Wish I earned that much. Wonder where that fits in with Obamas "spread the wealth". I know its above executive pay for many corporations. But, then they only have one high paid CEO.

No wonder Toyota makes a better car for less right here in America. Their labor costs are only 2/3 as much so there is lots left to buy parts that work better. Maybe even buy them in the USA.

[promaclaura]

Bankruptcy, Ikenson says, could allow the auto industry to renegotiate their union contracts. The Big Three''s workers make, on average, $74 an hour - the highest paid in the country. Their Japanese counterparts, on the other hand, offer their non-unionized American workers just $47 and hour.

Democrat''s are not mentioning the elephant in the room, labor costs. Let''s say we do bail them out to help them put out more fuel efficient cars, in the end we still will not be competitive with foreign automakers because they are already producing "said" cars. Plain and simple, the UAW is bringing the big three down and they will never make it out of the gate with their huge labor costs.

I live in Michigan and the union is arrogant, only family members get a foot in for jobs. A daughter of a union member got a job at Fisher Body in Lansing starting at 55,000 a year (she just graduated from H.S.). This makes me want to puke, individuals with college degrees do not start at that wage! Many members of my family who have jobs related to the auto industry (non-union) want Chapter 11 to force re-organization of these contracts. We are soooo sick of the spoiled UAW workers ruining it for the rest of us who live in reality.

[ichabod57]

I firmly believe that IF the government is going to help bail out the auto makers, then the money should come from the $700 Billion already approved for bailouts. The American taxpayers cannot afford ANOTHER $25 Billion, or however much it will be. And the so-called "Big 3" should have to agree on cutting executive compensation and "bonuses" in order to receive even one cent of taxpayer money.

[promaclaura]

Did you get your first job on your own merit, or did someone "get you in"?
Posted by IwasHungry68

My God Hungry, this statement is what the UAW is all about! Receiving high paying jobs, not from their merit, but from who they know in the union.

[promaclaura]

any autoworker that hasnt been training for new career....deserves what they get

Posted by jamesm12341 at 10:39 AM : Nov 16, 2008

Part of the problem is the UAW continually pulling the wool over their eyes. Convincing their members they deserve these out of bounds wages and benefits simply because they belong in the union. A desire to better oneself is eliminated when your already handed everything on a silver platter.

[promaclaura]

Many non-union automotive workers in Michigan HATE the UAW. People should see it up here, UAW workers have all the "bling", "toys" and "huge homes" and still cry about execs trying to "stick" it to them. We all know who is sticking it to us, the UAW.

[promaclaura]

I know it - you''''re not telling me anything I don''''t know. I used to rent an apartment, and the landlord''''s kid got a job there right out of high school - two weeks after his graduation party.

But this doesn''''t exempt jamesm12341 from making fun of them, laughing at their demise, because he was born with a silver spoon in his mouth, and NEVER worked a day in his life.


--------------------------------------------------------------------------------

Posted by IwasHungry68 at 11:00 AM : Nov 16, 2008

I don''t know anything about James life and I do feel that alot of UAW workers will suffer because of the UAW convincing them of a lifestyle that is not in reality.

What REALLY hurts is watching the foreign automakers setting up shop in the south where there is lower taxes and NO unions. Man, we need those jobs here, but Michigan''s taxes and unions drive them away. I''m sick, because we are shooting ourselves in the foot.

[promaclaura]

I also have other family members who are in unions that are not related to the auto industry. These individuals also believe that the UAW is ridiculous.

[promaclaura]

UAW Stand Your Ground. 19 more republican Senate seats will be on the blick in 2010. The automakers helped this nation win the second world war. We should not turn our backs on them now.


--------------------------------------------------------------------------------

Posted by rightbehind at 11:02 AM : Nov 16, 2008

I believe you should base your arguement on what is happening in 2008, not WWII era. The rest of the world has caught up to us and in order to compete we must adjust. Not adjusting has brought us to where we are at now.

[qutlaw104]

How much money has the goverment alredy to develope more fuel efficient autos. how did they spend that money and where are the cars.

[promaclaura]

Here are some wages of individuals I know: Plant Manager-130,000, Financial Controller/CPA-84,000, Human Resources Mgr.-100,000, Electrical Engineer with Masters in Computer Programming-120,000. Anyone want to tell me why a lineworker with no degree deserves comparable wages?

ps. material managers, marketing specialists, cost accountants, quality managers all make within 50,000 to 100,000 a year. The high end wage being what they make closer to retirement, some will not make close to 100,000 although it is something to strive for.

[rational_1]

It''s too bad Nancy Pelosi is such an old hag and will not have to suffer the failure of Social Security. All this money they''re wasting on these idiotic bailouts could have been used to help bolster that giant Ponzi scheme called Social Security. So, let''s just prop up companies that build products few want to buy at the expense of our retirements. Lovely.

[incog-nito]

There is no special technology needed to make fuel-efficient cars. First, make them a little smaller. They don''t need to be tiny econocars, but neither they need to huge SUVs that barely fits in a parking space. Second, reduce the horsepower. A family vehicle or commuter car doesn''t need to have 3-400hp. Not long ago 150hp is just fine for a family sedan. Performance might be reduced a little, but unless they''re drag-racing most people won''t even notice. With the reduction in size, performance may not even be an issue.

These two steps alone is enough to significantly increase fuel-efficiency and reduce dependence on foreign oil. It''s just a matter of doing it. Newer technology will come along, but they''re still expensive for consumers at this time. These are the things manufacturers can do right now.

[incog-nito]

The Big Three''s biggest mistake was that they focused on profit over market share. The profit margins on big SUVs are much higher than those of regular sedans. But obviously SUVs tend to be more expensive, so Detroit was also steadily losing market share to the Japanese imports when it comes to sedans and first-time buyers. As this segment grows older, they of course tend to be loyal to the brand they know.

Detroit needs to build cars that younger, less affluent buyers want, or they will continue to fall further behind.

[seah5]

The Goal is to get as much Government control over all big business and industry, banks and the market, before the Democrats Start with Government Control in Jan.

Making it easier to mandate control of the Country and the people. To nationalize and Socialize the Government and the country with no problems.

They will continue to work on the people blasting the news and media and utube so their is no resistance from the people for their plans.

The DNC-Chicago Machines Play book, playing out step by step to their final Goal.

Plenty of planning and money has gone into this and they could not of pulled it off with out all their wealthy friends and backers and know how of George Soros and company to play the economy and market.

Will the people blindly sit back or follow into the Destruction of America.

[hitoyou1]

This Bit-- is going to run the tax payer dry. Talk about an idiot. She needs to leave Government. She has to sleeping with somebody in the UAW. Why else would she even think of helping the Auto people. She is a hag and she needs to get out.

[pirmin3]

Everyone in the Congress is on the take. Period. They set their own salaries, perks and give our tax dollars away like it''s candy on Halloween.

[berniepeders]

God D-a-m-n, am I the only person who is shocked that the AVERAGE union wage is $74.00/hour, and non-union is $47.00/hr? ***?! I''ve been a union worker for fifteen years, running my machine in a plastic factory, and I make a little over $20.00/hr. Man, I''m in the wrong business! I hope these greedy b-a-s-t-a-r-d-s DO lose their jobs! Jesus!

[berniepeders]

It''s no wonder that vehicles from the "big three" cost so much, when they have to pay wages like this! The unions have more or less forced the manufacturers to pay these wages over the years, driving up the cost of the vehicles. "If you don''t pay us what we want, we''ll strike, and then you won''t have anything to sell". Now they''re losing their ridiculously overpaid jobs? BOO HOO. Try getting by on $40,000 a year, you overpaid slobs!

[far_point200]

"... the problem is not the union''s contract with the auto companies."

I have some beach front property in Arizona for sale if anybody believes the statement above.

[bhappy2-2]

I''ve said it before and I''ll say it again: If the government really wants to help the economy they would give the 700 billion to the citizens. We would pay off our mortgages, invest in new vehicles, possibly start our own businesses and thereby help the banks, the automobile manufacturers, the local stores, the local workforce and, most of all, the U.S. economy. But, if they did that, their buddies wouldn''t be able to waste 700 billion on themselves while continuing to foreclose on all these houses, etc. This whole bailout is one big fiasco. No one benefits from it except the banks, their incompetent managers and the government. The citizens are, once again, screwed.

[ajmarine111]

UAW Stand Your Ground.

Posted by rightbehind at 01:17 PM : Nov 16, 2008



Yes, even though the ship is on fire, refuse to do anything to help put it out.

[bailmeout1]

$74 an hour? On average... that means that many make more? ***? Oh, I wonder why they are going bankrupt. Let everyone making more than that bail them out. WHY should my tax dollars go to this when I do not make that kind of money? This is insane!

[McHineguy]

The Entire American Auto Industry Need to be : Rebuilt
Auto Management needs to have an : American Patriotic Attitude

Rather Than the NAZI Fascist Ideology of :
The Corporation Outweighs the Needs of the Worker

US Auto Manufacturing Plants in :
Mexico - China - Germany - France - Egypt and Saudi Arabia
Built by : Chrysler - Ford and GM
Paid for by : Chrysler - Ford and GM - Investors

All of Them Built For one Purpose :

TO PURPOSELY and INTENTIONALLY DESTROY :
The DEMOCRATIC INFRASTRUCTURE and
The ECONOMIC INFRASTRUCTURE of : The United States

Definition of TREASON :
1 : The betrayal of a trust : treachery
2 : The offense of attempting by Overt acts to overthrow the
government of the state to which the offender owes allegiance


--------------------------------------------------------------------------------

Posted by lastdance133 at 01:10 PM : Nov 16, 2008

How do you feel about the "foreign" cars (Toyota, Volvo, etc.) manufiactured in the US at an average wage of $47 per hour? Who pays their benefits?

A typical executive job in the US pays $25 to $30 per hour. But for some reason, the Detroit "middle class" thinks big business is ripping them off.

I wonder if the US government can fix this for us too.

[ajmarine111]

UAW Stand Your Ground.
Posted by rightbehind at 01:17 PM : Nov 16, 2008

Yes, even though the ship is on fire, refuse to do anything to help put it out.

First I need to throw those that started the fire overboard. Then I''''ll put it out.


Posted by rightbehind at 01:28 PM : Nov 16, 2008



Some say the UAW is at the top of the list.

Anyway, if the fire is not put out by someone, everyone will sink with the ship and "that will show them that they can''t push us around",....now won''t it.

[ajmarine111]

RE : machineguy

No-Body believes that Perverted ad degenerate statement of :
Average wage of $47 per hour

If you are going to Dream Up , Make up and Lie - Make it almost Believable

Where Do You Dream up That Garbage

Take another Pill Drift back into That dream land

Posted by lastdance133 at 02:19 PM : Nov 16, 2008



The three American automakers generally pay about 30 percent more per hour in wage, pension and health care costs than Japanese automakers.

Ford, according to its annual report, paid $70.51 per hour in wages and benefits to workers last year. GM''s annual report says its labor costs average $73.26 per hour, while Chrysler''s costs average $75.86 -- all well above the average $48 hourly cost incurred by Toyota, Honda and Nissan.


http://www.usatoday.com/money/economy/2007-06-22-181234878_x.htm

[bill517]

NO NO NO Do not use MY TAXMONEY to prop a FAILED UAW DISASTER. The facts are simple: Americans can''t afford cars built by UAW people. They are simply too pricey. MOVE ON.

[McHineguy]

No-Body believes that Perverted ad degenerate statement of :
Average wage of $47 per hour

If you are going to Dream Up , Make up and Lie - Make it almost Believable

Where Do You Dream up That Garbage

Take another Pill Drift back into That dream land


--------------------------------------------------------------------------------

Posted by lastdance133 at 02:19 PM : Nov 16, 2008

I have valid information and post the truth. I will not hurl insults in the midst of a discussion. You seem too angry to be reasonable. Your divisive anger is why our country is failing to find workable solutions for serious problems. I do not deserve your spite and will not discuss further with you.

Goodbye

[nickpr53]

some of the posts oout here make little in any sense.. what''s so wrong with auto bailout plan? I hope obama implements it.. www.spinwhip/com/obama

[ajmarine111]

Posted by lastdance133 at 02:32 PM : Nov 16, 2008


My facts were from USA Today, they must be part of the people who believe"

"Its People like You - Who Actually Believe the
Fraudulent Reports of a Corporate Controlled Media"




Truths are truths, where ever they come from.