Maybe we should, in order to create some auto working jobs. But how many middle-income workers could that $30 million in executive bonuses pay for? And why should they have "retention bonuses" for the very people that have run the industry into the ground?
It's the same argument everywhere when it comes to golden parachutes. Only at the executive level does on get rewarded for fucking up.
No, we shouldn't. They failed, and they knew that they were failing for several years, yet did nothing about it. If anything, the "big 3" should be dismantled, keeping only the brands that are viable. They all have shot themselves in the foot by making the same bad cars two or three times and only changing the medallion. The automakers have resisted efficiency at every turn, and the market has rejected them for it.
Observers have been commenting on the massive, structural failures of the American auto industry for years now. (Robert Farago has made an institution of it on his blog, thetruthaboutcars.com, where he's been keeping a GM Death Watch for like 4 years. And back when he started, people called him crazy!)
Throwing more money at them isn't going to help anything unless they get their shit together. They need to trim their entire executive structure, get their health care in order, get the unions to accept some fucking benefits cuts, and _start making any cars that are at all good_. Giving them another couple hundo billion to keep on keeping on is as good as just lighting it on fire.
we already bailed out the fucking banks. . .we might as well bail out the auto companies, just because it's average people that got laid off over that.
I dont give a fuck about some douchebag at an insurance company office getting laid off. faggot makes more than me. fuck 'em
Well, as fucked up as the bank bailouts were, the idea was less to prevent them from having layoffs and more to loosen up credit so that everybody in America (and businesses too, for that matter) would be able to borrow again! That's not what the banks chose to fucking DO with the money they got, but that was the idea at least
The bailout of the "big" three is more of a job-save for that industry, which is nice and all, but (a) these companies really need to shrink anyway, and (b) what about every other industry where people are losing jobs?
It's fucking sickening to think about the fact that, so far, between the $700 billion of the TARP and the estimations of off-record emergency treasury loans through other programs, we've thrown THREE TRILLION DOLLARS at the banks already, and to what result? Have they learned any lessons? Absolutely not, see: multi-hundred thousand dollar AIG retreat they tried to keep secret last week, multi-million dollar bonuses for executives that ran banks into the ground, etc. And now the big push still haven't been to loosen up credit at all, but instead to BUY MORE OTHER BANKS, I guess until we ONLY have banks that are "too big to fail" anymore, so that we just bail out everybody!
Think about that. THREE TRILLION DOLLARS. You can't think about that, the number doesn't make any sense. And we just pissed it away. Fuck, let the investment firms fail, let the car companies fail. INVEST IN THE PEOPLE. Give a ton of people new jobs rebuilding our collapsing infrastructure and constructing mass transit systems and cheap long-distance trains. Dump a ton of research money into things that we can EXPORT that people are going to WANT again -- clean power technology (since we lost the photovoltaic cell lead we used to have to China, Europe is leading in tidal and geothermal, and we can't get fucking biomass off the ground yet), water purification, low-impact and sustainable living solutions. (Stop focusing on "clean" coal and corn ethanol -- I know you guys take a shit ton of money from their lobbies, but they're dirty and unworkable! Jesus!) Fuck, pour billions back into the schools so that we can afford to produce a world-beating workforce again! Nobody seems to want to let us go back to being a country with a lot of mass manufacturing, so if we're going to pull any real income ever again, we need to be smart enough to invent and produce other things that people are going to want SOMEHOW. Jesus, make a homeowner loan refinancing program. Save community banks. UHH, HEALTH CARE? STEM CELL RESEARCH? NEW ORLEANS? DETROIT?
Three trillion accountability-free dollars for the fucks who put us here in the first place, and nothing for the people.
China just passed a $586 billion stimulus package, too. You know what they spent it on?
ROADS, AIRWAYS, RAILROADS, POWER GRIDS, LAND REFORM, AFFORDABLE HOUSING, AND ENVIRONMENTAL PROTECTION.
Do any Republicans care that we're losing the moral high ground to China? Or is it all just Filthy Fucking Socialism to be condemned?
@scurvyman - the government really should've know that those bastards were just gonna go party with that money.
should've let the fuckers rot.
they got themselves into this, let them get themselves the fuck out.
we reward stupidity entirely too much in this fucking country, and we don't expect people to have PERSONAL RESPONSIBILITY for anything. that's what the fuck is wrong with us.
those faggots think ANYTHING that doesn't benefit them and only them is "socialism". fucking bombaclaat maricons need to be SHOT!
Maybe we should, in order to create some auto working jobs. But how many middle-income workers could that $30 million in executive bonuses pay for? And why should they have "retention bonuses" for the very people that have run the industry into the ground?
It's the same argument everywhere when it comes to golden parachutes. Only at the executive level does on get rewarded for fucking up.
No, we shouldn't. They failed, and they knew that they were failing for several years, yet did nothing about it. If anything, the "big 3" should be dismantled, keeping only the brands that are viable. They all have shot themselves in the foot by making the same bad cars two or three times and only changing the medallion. The automakers have resisted efficiency at every turn, and the market has rejected them for it.
Observers have been commenting on the massive, structural failures of the American auto industry for years now. (Robert Farago has made an institution of it on his blog, thetruthaboutcars.com, where he's been keeping a GM Death Watch for like 4 years. And back when he started, people called him crazy!)
Throwing more money at them isn't going to help anything unless they get their shit together. They need to trim their entire executive structure, get their health care in order, get the unions to accept some fucking benefits cuts, and _start making any cars that are at all good_. Giving them another couple hundo billion to keep on keeping on is as good as just lighting it on fire.
we already bailed out the fucking banks. . .we might as well bail out the auto companies, just because it's average people that got laid off over that.
I dont give a fuck about some douchebag at an insurance company office getting laid off. faggot makes more than me. fuck 'em
Well, as fucked up as the bank bailouts were, the idea was less to prevent them from having layoffs and more to loosen up credit so that everybody in America (and businesses too, for that matter) would be able to borrow again! That's not what the banks chose to fucking DO with the money they got, but that was the idea at least
The bailout of the "big" three is more of a job-save for that industry, which is nice and all, but (a) these companies really need to shrink anyway, and (b) what about every other industry where people are losing jobs?
It's fucking sickening to think about the fact that, so far, between the $700 billion of the TARP and the estimations of off-record emergency treasury loans through other programs, we've thrown THREE TRILLION DOLLARS at the banks already, and to what result? Have they learned any lessons? Absolutely not, see: multi-hundred thousand dollar AIG retreat they tried to keep secret last week, multi-million dollar bonuses for executives that ran banks into the ground, etc. And now the big push still haven't been to loosen up credit at all, but instead to BUY MORE OTHER BANKS, I guess until we ONLY have banks that are "too big to fail" anymore, so that we just bail out everybody!
Think about that. THREE TRILLION DOLLARS. You can't think about that, the number doesn't make any sense. And we just pissed it away. Fuck, let the investment firms fail, let the car companies fail. INVEST IN THE PEOPLE. Give a ton of people new jobs rebuilding our collapsing infrastructure and constructing mass transit systems and cheap long-distance trains. Dump a ton of research money into things that we can EXPORT that people are going to WANT again -- clean power technology (since we lost the photovoltaic cell lead we used to have to China, Europe is leading in tidal and geothermal, and we can't get fucking biomass off the ground yet), water purification, low-impact and sustainable living solutions. (Stop focusing on "clean" coal and corn ethanol -- I know you guys take a shit ton of money from their lobbies, but they're dirty and unworkable! Jesus!) Fuck, pour billions back into the schools so that we can afford to produce a world-beating workforce again! Nobody seems to want to let us go back to being a country with a lot of mass manufacturing, so if we're going to pull any real income ever again, we need to be smart enough to invent and produce other things that people are going to want SOMEHOW. Jesus, make a homeowner loan refinancing program. Save community banks. UHH, HEALTH CARE? STEM CELL RESEARCH? NEW ORLEANS? DETROIT?
Three trillion accountability-free dollars for the fucks who put us here in the first place, and nothing for the people.
China just passed a $586 billion stimulus package, too. You know what they spent it on?
ROADS, AIRWAYS, RAILROADS, POWER GRIDS, LAND REFORM, AFFORDABLE HOUSING, AND ENVIRONMENTAL PROTECTION.
Do any Republicans care that we're losing the moral high ground to China? Or is it all just Filthy Fucking Socialism to be condemned?
If it was Filthy Fucking Socialism we'd have all these huge public works projects. Commies can do public works like nobody's business.
@scurvyman - the government really should've know that those bastards were just gonna go party with that money.
should've let the fuckers rot.
they got themselves into this, let them get themselves the fuck out.
we reward stupidity entirely too much in this fucking country, and we don't expect people to have PERSONAL RESPONSIBILITY for anything.
that's what the fuck is wrong with us.
those faggots think ANYTHING that doesn't benefit them and only them is "socialism".
fucking bombaclaat maricons need to be SHOT!