Posted: 12/12/2008 6:55:25 AM EDT
|
GOP Senator Warns of 'Riots' if Automakers Are Bailed Out
In an interview following a Dec. 10 press conference where he and four other senators aired their opposition to the proposed bailout deal struck by congressional leaders and the White House (and approved by the U.S. House of Representatives 237-170 that evening), Sen. Jim DeMint, R-S.C., warned that the perception that some industries are being bailed out and some aren’t could lead to violence.
Discuss. |
Why do they need a bail out? Everybody buys their $40,000 trucks and Suv's and the ceo's and other executives dont even get paid that much anyway. 
Anyway you notice you can get those same truck that were 30,000 and 40,000 dollars are now under 20. So you know their just jacking up prices. I dont know of many people that make pretty much a house payment for a car its rediculous. No wonder they need money but somebody said it right You dont have to buy our cars for us to make money, well get it from the government. They are just as bad as the people who use gov. housing, EBT, and welfare. 
No one is helping my company were getting cut back on hours and close to shuting down but I dont think the tractor builders are in the back pocket of the politians like the car companies. |
|
The auto companies have every right to make as much money as they can and to do what they will with that money.
They have the right to have corporate cars, jets, and what the hell ever else they have. They have the right to pay their executives ridiculous salaries and give them huge bonuses even when their comanies are losing money. They have the right to pay their workers astronomically high salaries and benefits that most of us could only dream of. They have the right to pay their janitors six-figures a year. They have the right to ignore market trends and sit back and do nothing as their market share is eroded by foreign car companies. But, they DO NOT have the right to do all these things and then come to us begging for money. 
|
|
Quoted:
The auto companies have every right to make as much money as they can and to do what they will with that money. They have the right to have corporate cars, jets, and what the hell ever else they have. They have the right to pay their executives ridiculous salaries and give them huge bonuses even when their comanies are losing money. They have the right to pay their workers astronomically high salaries and benefits that most of us could only dream of. They have the right to pay their janitors six-figures a year. They have the right to ignore market trends and sit back and do nothing as their market share is eroded by foreign car companies. But, they DO NOT have the right to do all these things and then come to us begging for money. They have the right to do this; and we have the right to tell them to go f themselves. 
|
|
Quoted:
Quoted:
The auto companies have every right to make as much money as they can and to do what they will with that money. They have the right to have corporate cars, jets, and what the hell ever else they have. They have the right to pay their executives ridiculous salaries and give them huge bonuses even when their comanies are losing money. They have the right to pay their workers astronomically high salaries and benefits that most of us could only dream of. They have the right to pay their janitors six-figures a year. They have the right to ignore market trends and sit back and do nothing as their market share is eroded by foreign car companies. But, they DO NOT have the right to do all these things and then come to us begging for money. They have the right to do this; and we have the right to tell them to go f themselves. 
I think the majority of the people are. Unfortunately, they will get a free pass anyway. And the workers will continue to make $40+ an hour more than workers doing the same job in the southern states that work for companies other than the big3. I thought it was interesting the President of the UAW said that even if all the workers in the union worked for free. GM would still go into bankruptcy. So now their going to get billions in bailout money, and the workers will continue to get the same wage. Does anyone else see a problem with this? |
|
I thought it was interesting the President of the UAW said that even if all the workers in the union worked for free. GM would still go into bankruptcy.
That makes as much sense as a poopy flavored lollipop. So now their going to get billions in bailout money, and the workers will continue to get the same wage. Does anyone else see a problem with this?
That's the problem with unions. They protest pay cuts to the point where the companies they work for fall apart. |
|
You give the financial services companies over 350 BILLION dollars with pretty much no questions asked when the helathy banking companies are loaning more than ever and you complain about giving 14 billion to the auto workers that employ and keep employed more than a tenth of the total work force of the US? Are you farking kidding me? Seriously?
Go take an economics course ya morons. |
|
Quoted:
You give the financial services companies over 350 BILLION dollars with pretty much no questions asked when the helathy banking companies are loaning more than ever and you complain about giving 14 billion to the auto workers that employ and keep employed more than a tenth of the total work force of the US? Are you farking kidding me? Seriously? Go take an economics course ya morons. [>:/] I didn't give anybody anything. I didn't support it either. The auto industry will be just fine without my money. They aren't even trying to fix this themselves, just running straight to Washington saying "give us money so we can overpay ourselves and build more crap or else the economy is fucked." |
|
Quoted:
You give the financial services companies over 350 BILLION dollars with pretty much no questions asked when the helathy banking companies are loaning more than ever and you complain about giving 14 billion to the auto workers that employ and keep employed more than a tenth of the total work force of the US? Are you farking kidding me? Seriously? Go take an economics course ya morons. The point here is that the automotive employees are not going to willingly take a pay cut to help save whichever of the big3 that they work for. And the big3 don't have the nuts to step up and say "we are cutting your pay...if you don't like it then go work somewhere else and we will hire someone who will work for cheaper." With the way unemployment rates are right now, I'm sure there is no shortage of able bodied, hard working men and women who will do just as good a job for half the pay that the current auto employees are making. The UAW is not doing their part to help save the big3. They need to take a pay cut like the rest of America. And the big3 need to stop selling $3000 worth of steel and plastic for $50,000. |
|
Quoted:
You give the financial services companies over 350 BILLION dollars with pretty much no questions asked when the helathy banking companies are loaning more than ever and you complain about giving 14 billion to the auto workers that employ and keep employed more than a tenth of the total work force of the US? Are you farking kidding me? Seriously? Go take an economics course ya morons. Oh please enlighten us then. What part of an economics course would support giving billions to a company with a failed bussiness model, so that they can continue to lose money. GM lost over $180,000 a minute last year. They have no solid plan to restructure, and one of the driving forces that keeps them from being competitive will remain in place. GM and Toyota sold roughly the same amount of cars last year. GM lost billions upon billions. Toyota made billions. Hmmm... What about that economics course again??? Just to add I didnt support the bank bailouts either. But part of that money was to keep the banks loaning money on thinks like cars. I just bought my wife a new car less than 2 months ago. And like the millions of other Americans who are buying I bought the best product on the market for the best deal. I.E. not Ford, GM, or Chrysler. So since you are so enlightened on economics, explain to me how 14 billion dollars is going to make a bussiness competitive that has been losing money for the last 10 years, and havent tried fixed the problem yet? They have been in trouble long before the credit crunch. I think I know who could benefit from an economics course. You think anyone wants people to lose jobs?NO. You think I want my tax dollars to go to a company, just so the workes can lose their jobs anyway?NO. Their plan is to take the money to keep their companies afloat until consumers start buying cars again. Problem is, even when people were buying their cars the BIG3 was losing money 
Go watch some more MSNBC ya freaking OBAMANITE 
|