Auto Bailout 1: Manzi Dismantles GM Plan
GM is about to submit it’s “Restructuring Plan” to Congress. Jim Manzi does a good job of dismantling it over at The Corner on National Review in his GM’s Magical Thinking blog post. The diary of Blackhedd is another good place to watch. This is going to be ugly no matter how it pans out. Cross-blogged at Incredible Colorado.
Big 3 Bailout Unlikely?
Blackhedd has given an excellent analysis of where the Big 3 bailout stands, and why Congressional leaders are having a hard time building support for quick action. It therefore should come as no surprise that House Majority Leader Steny Hoyer is now warning automakers that Congress will not act unless leaders reach a bipartisan agreement in the next few days: House Majority Leader Steny Hoyer | Read More »
Observations from the Cheap Seats
With due respect, if the Big 3 want our money, at least have the courtesy and respect for the American taxpayer to not feed us a line of bull regarding the reason the car companies are having so much difficulty. According to the Big 3 CEOs, the financial crisis is the cause of their woes. Really, so it’s only since September 15, 2008 that GM, | Read More »
Top Reasons To Bail Out The UAW…According to Sheila Jackson Lee And Other Democrats
I am listening to Neil Cavuto interview Sheila Jackson Lee (D-TX) on why we should bail out the Big Three Auto Companies…..er, unions. Reason #1-“it is necessary to the war on terror” (Yes, this one from Sheila, she is the only one who thinks her constituents are so stupid as to fall for that one…they may very well be). Yes you heard it right. Sheila | Read More »
UAW Employees Earn $130,000 a Year
Here’s a little known fact about the Big Three automakers: The average unionized worker costs his or her employer about $75 an hour in wages and benefits. That’s more than $130,000 a year — three times as much as the typical American worker. With executives for General Motors, Ford and Chrysler pleading their case for a government bailout, it’s worth remembering the UAW’s role in | Read More »
Republicans Have a Chance at Redemption
Michelle Malkin offers sound advice for Republicans on Capitol Hill: The first step toward GOP redemption is to stop the automakers’ bailout and roll back the creeping conversion of the Crap Sandwich 2.0 into an all-purpose bailout bonanza for every last American industry and corporate special interest in financial peril. For those of you who don’t read Malkin regularly, Crap Sandwich 2.0 is her description | Read More »
Transforming the Big 3
Barack Obama and the Congressional Democrats are clearly determined to extend Detroit a ‘loan’ that runs into the tens of billions of dollars, and which seems unlikely ever to be repaid. But as the Bush administration negotiates with Congress over the package, it’s clear that Democrats in Washington don’t want to ‘save’ the automakers. Rather, they want to run a car company and ensure that | Read More »
Tags: Barack Obama
, Barney Frank
, big 3
, General Motors
, green cars
, Harry Reid
, Nancy Pelosi
Tens of thousands of Michigan UAW members hoodwinked by Obama!!
**The rank and file UAW has been telling every member to support Obama because of his support for the auto industry in Michigan. The government is very close to loaning General Motors the money they need to merge with Chrysler. “Merge” is a very unusual term in this case. Word leaked out of GM stockholders meetings is that GM told everyone to “Relax because GM | Read More »
Big Labor’s got a great plan… if you’re completely off your nut!
Cross-posted on Right Michigan at www.RightMichigan.com. Following up on a couple of items from earlier in the week… remember how the Ocean State out east surpassed Michigan on the economic blight meter? And remember how the Grand Rapids Teachers Union was continuing to illustrate sheer, unadulterated lunacy by moving forward with plans for an illegal teachers strike? I hate to be the bearer of bad | Read More »
What to get the superstar rapper who has everything? How about a calendar!
Cross-posted on Right Michigan at www.RightMichigan.com. Gosh darn it. Why can’t I talk about the important issues? We’re now under two weeks to go before folks head to the polls here in Michigan to elect 110 members of the state House, fifteen members of Congress, a US Senator, a Supreme Court Justice, decide on a couple of ballot proposals and pretty much select the leaders | Read More »
Eminem endorses Obama… I’m switching my vote!
Cross-posted on Right Michigan at www.RightMichigan.com. There are so many important topics in the news today it’s tough to know where to start. I mean, seriously. We could cover Jack Hoogendyk’s second debate yesterday with Senator (for Life) Carl Levin, this one down in the motor city at the Detroit Economic Club. After all, Hoogendyk again assailed Levin’s position on the bailout, pledging that | Read More »
Granholm action admits state policy can affect Big 3, manufacturing jobs
Cross-posted on Right Michigan at www.RightMichigan.com. The next time a lefty tells you that tax breaks don’t work or that there is nothing state government can do to help fix the domestic automobile industry, kindly suggest they open mouth and insert sock. Then show them today’s newspaper. (Or your friendly, neighborhood, RightMichigan.com.) Tuesday the Michigan Economic Growth Authority Board approved a fresh set of what | Read More »