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Home » News » Business

Friday, November 14, 2008

Senate to resume push for auto bailout

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ScottVA

Here we go again. First the financial sector, then the mortgage sector, now the automobile industry; next year the health care industry and pharmas. This is the Union Protection Act. If the auto makers go to court for Chapter 11 protection, a judge could kick out the unions, or at least cut back their bloodsucking demands. Meanwhile, the Socialist agenda marches on.
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PacificGatePost

Forget Chapter 11, however, WHAT you implement and HOW you do it is critical. Here is a plan worth a look by Congress... http://pacificgatepost.blogspot.com/2008/11/solution-for-detroit-gm-friends.html Trying something outside the box like this, is the only way to save the U.S. Auto Industry. ... it deserves saving.
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woody1

How about those who lost their monies in their 401K retirement monies? Lehman,AIG,ENRON,Merrill Lynch etc. Employees much like GM employees suffer due to poor or non-existent corporate leadership? They did not have pensions but relied upon their investments. What makes GM special..POLITICS..PAYBACK We should bail out GM? Good luck. If you are manufacturing a vehicle that customers do not want..then whose problem is it..me the co-signer of this bail out? Let the free market straighten itself out. The weak will go by the wayside and in the process those who remain will be stronger. UNIONS/GM TAKE A HIKE STAY OUT OF MY POCKET..DO NOT REWARD POOR LEADERSHIP WITH MY MONIES
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xpress_yourself

The left-wing illuminati are so set in helping those who are rich and crooked, but what about those who worked their entire life, and their pension may be gone?
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