Comments on: GM, Chrysler Will Get $17.4B From TARP http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp Sat, 26 May 2012 05:33:45 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Media_man http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127397 Media_man Sun, 21 Dec 2008 21:39:33 +0000 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127397 The $17.4 billion isn't a GM bailout but a UAW bailout. Given that UAW is a wholly owned subsidiary of the DNC, why would the Bush administration give them this money? Who is advising him to do this? Let GM file for bankruptcy, dump the pensions onto the PBGC and begin the restructuring now rather than later. The $17.4 billion should have been used to shore up the pension workout. Now it's just burned off to no good effect. Maybe Bush is as stupid as the liberals have been saying all along. The $17.4 billion isn’t a GM bailout but a UAW bailout. Given that UAW is a wholly owned subsidiary of the DNC, why would the Bush administration give them this money? Who is advising him to do this?

Let GM file for bankruptcy, dump the pensions onto the PBGC and begin the restructuring now rather than later. The $17.4 billion should have been used to shore up the pension workout. Now it’s just burned off to no good effect.

Maybe Bush is as stupid as the liberals have been saying all along.

]]> By: cjokry http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127371 cjokry Sun, 21 Dec 2008 16:58:13 +0000 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127371 I want that Mitsubishi those ads on this site are showing off! :) I want that Mitsubishi those ads on this site are showing off! :)

]]> By: BigOil http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127266 BigOil Sat, 20 Dec 2008 22:44:57 +0000 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127266 These bailouts should have been left as millstones to hang around the collectivist necks of Bush, Pelosi, Reid et al. Instead, Bush pushes through ridiculous bailouts - giving cover for Democrats to shove socialism down our throats. Putting RIP on the gravestone of compassionate conservatism can not come quick enough. These bailouts should have been left as millstones to hang around the collectivist necks of Bush, Pelosi, Reid et al. Instead, Bush pushes through ridiculous bailouts – giving cover for Democrats to shove socialism down our throats.

Putting RIP on the gravestone of compassionate conservatism can not come quick enough.

]]> By: GuppyNblue http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127215 GuppyNblue Sat, 20 Dec 2008 19:33:56 +0000 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127215 There's one problem with minimum wage increases that we do know. Any increase in wages and salaries without a reciprocal increase in productivity encourages inflation. More money chasing fewer products and services. I wish union members understood this basic econ because they're the ones who get hurt by the artificial increase. Retailers, for example, can simply break out the price gun and compensate for any inflation while the worker must go through a comparatively much longer process of negotiating for another raise. But of course unions have nothing to do with free market principles. There’s one problem with minimum wage increases that we do know. Any increase in wages and salaries without a reciprocal increase in productivity encourages inflation. More money chasing fewer products and services.

I wish union members understood this basic econ because they’re the ones who get hurt by the artificial increase. Retailers, for example, can simply break out the price gun and compensate for any inflation while the worker must go through a comparatively much longer process of negotiating for another raise. But of course unions have nothing to do with free market principles.

]]> By: lstevetaylor http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127204 lstevetaylor Sat, 20 Dec 2008 18:34:16 +0000 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127204 Bush I think, but I am not sure now, was once a good leader, but now he is just not very smart, he just doesn't really undstand the real power and mechanics of captialisum, he should have just let the cards fall where they fall, but the flesh is self centered, and his only concern was not the economy, but what the people and his peers would think of him, he knows very well that Obama's liberal machine will take very good care of the auto industry, as we know they are all liberal socialist, so conservatives, I mean people who believe in God, it is time to go to work, we must stop the Obama devil bunch from destroying the USA and the rest of the world L.SteveTaylor of The Republic of Texas Bush I think, but I am not sure now, was once a good leader, but now he is just not very smart, he just doesn’t really undstand the real power and mechanics of captialisum, he should have just let the cards fall where they fall, but the flesh is self centered, and his only concern was not the economy, but what the people and his peers would think of him, he knows very well that Obama’s liberal machine will take very good care of the auto industry, as we know they are all liberal socialist, so conservatives, I mean people who believe in God, it is time to go to work, we must stop the Obama devil bunch from destroying the USA and the rest of the world
L.SteveTaylor
of The Republic of Texas

]]> By: Diane http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127169 Diane Sat, 20 Dec 2008 10:10:05 +0000 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127169 You got me curious, crosspatch, so I did. Data from: http://www.dol.gov/esa/minwage/america.htm for the minimum wage and http://money.cnn.com/pf/features/lists/state_unemployment/ for the unemployment rates The minimum wage data is almost not comparable. Some states have rules that differ depending on the annual income of the business or the number of employees. Some states have multiple changes coming up. I went with the current (12/20/08) wage for "large" businesses. Thanks probably to Congress, all but eight of the states clustered between 6 and 8 dollars an hour, making the points look like a little table. The linear fit is almost flat, with a surprising slight negative trend - m = -0.0452. R^2 = 0.001. Given the way I graphed the data, the negative means there is a very minor tendency for lower unemployment in states with a higher minimum wage, but that number is really too small to be considered significant. Those two numbers pretty much say that, with respect to minimum wage and unemployment, we really have only one State, not fifty. For what it's worth... You got me curious, crosspatch, so I did. Data from:

http://www.dol.gov/esa/minwage/america.htm for the minimum wage and

http://money.cnn.com/pf/featur.....mployment/ for the unemployment rates

The minimum wage data is almost not comparable. Some states have rules that differ depending on the annual income of the business or the number of employees. Some states have multiple changes coming up. I went with the current (12/20/08) wage for “large” businesses.

Thanks probably to Congress, all but eight of the states clustered between 6 and 8 dollars an hour, making the points look like a little table. The linear fit is almost flat, with a surprising slight negative trend – m = -0.0452. R^2 = 0.001. Given the way I graphed the data, the negative means there is a very minor tendency for lower unemployment in states with a higher minimum wage, but that number is really too small to be considered significant. Those two numbers pretty much say that, with respect to minimum wage and unemployment, we really have only one State, not fifty.

For what it’s worth…

]]> By: crosspatch http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127167 crosspatch Sat, 20 Dec 2008 09:23:17 +0000 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127167 California increased their minimum wage. California unemployment has started to increase. Has anyone produced a graph of state minimum wage compared to state unemployment rate? California increased their minimum wage. California unemployment has started to increase. Has anyone produced a graph of state minimum wage compared to state unemployment rate?

]]> By: 1sttofight http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127127 1sttofight Sat, 20 Dec 2008 00:10:53 +0000 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127127 My soon to be exploding computer business just hit a brick wall. When can I expect my bailout check? I think a couple of mil will see me through these rough times. Any body got Weasle Bush's number? My soon to be exploding computer business just hit a brick wall. When can I expect my bailout check?

I think a couple of mil will see me through these rough times.

Any body got Weasle Bush’s number?

]]> By: crosspatch http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127126 crosspatch Fri, 19 Dec 2008 23:57:30 +0000 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127126 It isn't just Ford. GM makes Allison transmissions in Hungary, they have three assembly plants in Russia and build Hummers there. GM builds cars in China, too. They build cars all over the world. None of those companies are US companies, they are all global companies. Over the years US sales has played a smaller role in overall sales for all three companies. In other words, a greater portion of today's GM sales revenue comes from international sales than it did in, say, 1980. It isn’t just Ford. GM makes Allison transmissions in Hungary, they have three assembly plants in Russia and build Hummers there. GM builds cars in China, too. They build cars all over the world. None of those companies are US companies, they are all global companies. Over the years US sales has played a smaller role in overall sales for all three companies. In other words, a greater portion of today’s GM sales revenue comes from international sales than it did in, say, 1980.

]]> By: DEZ http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127124 DEZ Fri, 19 Dec 2008 23:38:51 +0000 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127124 Typical of union labor, I have seen this crap far too often, they resemble welfare recipients more than skilled labor. P.S. I really like the new format, Thanks for the hard work Steve. Oh, will we be getting custom avatars too? Typical of union labor, I have seen this crap far too often, they resemble welfare recipients more than skilled labor.

P.S. I really like the new format, Thanks for the hard work Steve.
Oh, will we be getting custom avatars too?

]]> By: Steve http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127122 Steve Fri, 19 Dec 2008 23:14:12 +0000 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127122 Check out this video if you want know one reason why the "Big Three" have such problems: Rescue 4 Investigates Ford Employees http://www.clickondetroit.com/video/10235271/index.html Check out this video if you want know one reason why the “Big Three” have such problems:

Rescue 4 Investigates Ford Employees
http://www.clickondetroit.com/.....index.html

]]> By: Paulajay http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127120 Paulajay Fri, 19 Dec 2008 22:25:13 +0000 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127120 The following video is a good reason why Ford doesn't need a bailout. Very interesting... http://info.detnews.com/video/index.cfm?id=1189 The following video is a good reason why Ford doesn’t need a bailout. Very interesting… http://info.detnews.com/video/index.cfm?id=1189

]]> By: U NO HOO http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127119 U NO HOO Fri, 19 Dec 2008 22:17:25 +0000 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127119 I intend to buy a Mazda6. No financial relationship, just that Mazda6 appears to be a better car than Ford Fusion. I intend to buy a Mazda6. No financial relationship, just that Mazda6 appears to be a better car than Ford Fusion.

]]> By: Odie44 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127103 Odie44 Fri, 19 Dec 2008 18:51:49 +0000 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127103 Subprime loan redux. Do not loan people and/or companies who cannot repay a loan, aka Loan 101. When said company expresses the fact they may not be able to pay back the loan - it shouldn't take a genius to figure out - don't make the loan. Of course, the reason for GM and Chryslers "anti-bankruptcy" tripe - is "people wouldn't want to buy a car from a bankrupt company". Well, considering your sales numbers - they aren't buying anyway due to poor craftmanship and bloated prices to pay the union fees for overpaid autoworkers. Force them to claim bankruptcy, under specific reorg guidance that is devoid of union influence and you will see results. See Delta... Subprime loan redux.
Do not loan people and/or companies who cannot repay a loan, aka Loan 101. When said company expresses the fact they may not be able to pay back the loan – it shouldn’t take a genius to figure out – don’t make the loan.

Of course, the reason for GM and Chryslers “anti-bankruptcy” tripe – is “people wouldn’t want to buy a car from a bankrupt company”. Well, considering your sales numbers – they aren’t buying anyway due to poor craftmanship and bloated prices to pay the union fees for overpaid autoworkers.

Force them to claim bankruptcy, under specific reorg guidance that is devoid of union influence and you will see results.

See Delta…

]]> By: proreason http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127102 proreason Fri, 19 Dec 2008 18:41:11 +0000 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127102 Isn't it curious how Ford, which is in relatively good shape gets scant mention in the press. In this article, for example, the only mention of Ford's relative health is to say that it supports a bailout of it's competitors. Ford must have drunk deeply of the socialist elixer (or perhaps there is an eentsy tiny chance Ford has it's own self-interest in mind). Mustn't let the unwashed know that it's possible to survive hard times without government largesse!!! Isn’t it curious how Ford, which is in relatively good shape gets scant mention in the press. In this article, for example, the only mention of Ford’s relative health is to say that it supports a bailout of it’s competitors. Ford must have drunk deeply of the socialist elixer (or perhaps there is an eentsy tiny chance Ford has it’s own self-interest in mind).

Mustn’t let the unwashed know that it’s possible to survive hard times without government largesse!!!

]]> By: crosspatch http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127096 crosspatch Fri, 19 Dec 2008 18:19:12 +0000 http://sweetness-light.com/archive/gm-chrysler-to-get-174b-from-tarp#comment-127096 I think I will go buy a Ford this weekend. I think I will go buy a Ford this weekend.

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