Why do Republicans Oppose Bailout for the Big Three?
#16
11-17-2008 | 10:20 AM
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If you don't know, I guess I don't know. I thought the question was why did we do a bailout of the financial industry and are not wanting to bail out the auto industry. The bailout for the financial industry was not just AIG and Wachovia. Where did you get that?
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Jim
Jim
#17
11-17-2008 | 10:21 AM
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Bush is always at fault. Who is going to be the fall guy once Bush is gone? I find it completely laughable that you think the plan was his idea. Where were you the whole time everyone was up in arms about all the giveaways from that plan? Again I think you hear what you want to hear.
Do you really think Bush or any true Conservative Republican would push for a plan that included 20% of any profit to go to ACORN? Maybe you were too busy watching Obama make promises in front of his Greek columns.
Here's my favorite part of this article:http://www.cbsnews.com/stories/2008/...n4483168.shtml
Regardless, House Republicans are saying that unless the possibility of ACORN seeing any money from this bailout is eliminated, there's no deal. "Doling out favors to ACORN and other liberal special interest groups are a non-starter for House Republicans," said Behner spokesman Kevin Smith. "If Rep. Frank wants to keep ACORN in the bill he can secure the necessary Democratic votes for passage because he'll need every one of them."
If the plan ends up working and the companies that are bailed out pay back all their loans with interest are you then going to give Bush the credit? If the plan ultimately crashes and burns I'm sure the blame will be laid at the feet of W. Who will get credit and who will take blame? It's time for the Dems to start looking for their Republican scape goat in the Obama administration.
Do you really think Bush or any true Conservative Republican would push for a plan that included 20% of any profit to go to ACORN? Maybe you were too busy watching Obama make promises in front of his Greek columns.
Here's my favorite part of this article:http://www.cbsnews.com/stories/2008/...n4483168.shtml
Regardless, House Republicans are saying that unless the possibility of ACORN seeing any money from this bailout is eliminated, there's no deal. "Doling out favors to ACORN and other liberal special interest groups are a non-starter for House Republicans," said Behner spokesman Kevin Smith. "If Rep. Frank wants to keep ACORN in the bill he can secure the necessary Democratic votes for passage because he'll need every one of them."
If the plan ends up working and the companies that are bailed out pay back all their loans with interest are you then going to give Bush the credit? If the plan ultimately crashes and burns I'm sure the blame will be laid at the feet of W. Who will get credit and who will take blame? It's time for the Dems to start looking for their Republican scape goat in the Obama administration.
Funny, you always point the finger at a Democrat, but whine that I'm always blaming Bush, when in fact I'm not.
#18
11-17-2008 | 10:33 AM
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From: Massachusetts
Jim, I don't know what you're talking about. Can you be a little more specific?
I know the bailout wasn't just for them, I just used them as two of the larger examples.
I know the bailout wasn't just for them, I just used them as two of the larger examples.
#19
11-17-2008 | 10:37 AM
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does your small business providing the working capital for every other small business in the country?
that is the difference between bailing out the financial industry, and bailing out your business.
#20
11-17-2008 | 10:40 AM
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From: Bronco Country
More like if we bail out all the banks where does it stop? Oh, wait. It's all a crock of crap. Congress is addicted to our money and we can't stop it for another four years.
Not to mention this is the second time Chrysler has been bailed be the governemnt (1979). There is no reason to bail these companies out, they will eventually fail anyway.
Not to mention this is the second time Chrysler has been bailed be the governemnt (1979). There is no reason to bail these companies out, they will eventually fail anyway.
#21
11-17-2008 | 10:43 AM
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From: Bronco Country
#22
11-17-2008 | 10:49 AM
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well i didnt read none of the posts so sorry if this has been pointed out, bu ti think alot of refusing a bailout has to do with places like sears, kmart, ect. suddenly reporting losses after the manufacturers get it, then everyone would be expecting a bailout..... in which ill stay where ive been that whole time is really all this began with gas prices..... what the saudis did is im sure one way or another illegal, all this government money should be spent making sure whoever screwed up over there should get locked up or fined or something and make a permanent mark on where gas prices can only get so high here and to be fair add a minimum too, then well see work getting done when people can once again afford to drive to their work.... JMO
#23
11-17-2008 | 11:00 AM
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From: So. Texas
The housing industry in the States is far larger than the auto industry. You don't see home builders lined up in Washington do you? And builders are going broke daily. Check the stock market for BMC, Building Materials Corporation, and Builders First Source. Their losses are incredible yet they aren't crying like a bunch of wussys. If you bail out the auto makers, you might as well make the check out to the UAW because it's nothing more than a payback by the democrats for favors done by the union at taxpayer expense. The best plan is to let the auto makers go into bankruptcy and let them start over including contracts with the UAW. But lets not totally forget how we got here folks. Yeah, the UAW is the issue with the failing auto makers but the reason we got in this condition is the extreme cost of foreign oil. People had set their lives around energy for their vehicles to get to work at around $1.50 gallon. When it went to $4.00, the budget exploded and now the ends don't meet. Something had to give and that's why we are in trouble. If the World Summit meeting doesn't address OPEC, we're doomed to fail all over again. We have to look for ways to get off of the foreign oil and be energy independent.
#24
11-17-2008 | 12:50 PM
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How does it make sense to bailout anyone and let the same people that ran the companies in the dirt keep running them?
If someone crashed your truck due to inattention, you had to pay dearly to fix it....would you let them drive it again?
Why do people not look at all the white collar salaries and bonuses the same time they look at UAW?
UAW members did what they were paid to do building cars.
CEO's and white collar management did not.
Honda, Nissan and Toyota also don't pay upper management the way big 3 did either but that comparison was overlooked?
If someone crashed your truck due to inattention, you had to pay dearly to fix it....would you let them drive it again?
Why do people not look at all the white collar salaries and bonuses the same time they look at UAW?
UAW members did what they were paid to do building cars.
CEO's and white collar management did not.
Honda, Nissan and Toyota also don't pay upper management the way big 3 did either but that comparison was overlooked?
#25
11-17-2008 | 12:53 PM
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From: Massachusetts
#27
11-17-2008 | 01:08 PM
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From: Bronco Country
I do understand that they are not "forced" to do these things, but if they don't there will be a huge strike and eveyone knows it. The UAW makes ALPA look like a superstar.
#28
11-17-2008 | 01:09 PM
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CEO is deemed overpaid or is not performing you let them go. Can't do that with the union can we? In typical Democrat fashion you look down your nose at anyone who makes a large amount of money. So predictable it is sad.
#29
11-17-2008 | 01:12 PM
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From: Southeastern Virginia
Many of these contracts were made in times of feast...many concessions have been made, many more will be made except by the execs that mismanaged market share, cut benefits, broke promises....and now the UAW is the boogey man that is at fault?
The strangest part is that most here are middle class...and they lobby for the upper class while aggressively angry at average workers.
Everybody sucked huge profits out of the industry....a few still do as they go down in flames.
Go figure...
#30
11-17-2008 | 01:18 PM
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The "average worker" does not need to hide behind a union. Than can and do get a job on their own merits. Crazy idea huh? Getting paid what a job feels you are worth and not what they are threatened into paying you by the UAW