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1. Michelle Malkin » Gird your loins for the UAW bailout fight; Update: White House says deal is “likely”
2. Shopfloor » Blog Archive » Auto Industry Financing and Restructuring Act
3. Cliff Notes’ version of Auto Bailout Agreement: Borrow. Spend. Repeat. Panic. FAIL. | Right Voices
4. Auto Industry Bailout Draft | David's Blog of Common Sense
5. Czars All Around « The Forum
6. Michelle Malkin » We Suck 2.0: GM recycles lame apology strategy from 2003
7. GM’s Strategy: Recycle The “We Suck” Apology from 2003 « Jane Q. Republican
8. Draft text of the automakers’/UAW bailout « Top Daily Digest Reading

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Comments

1. #565817
   On December 8th, 2008 at 3:51 pm, AlohaGuy said:

   Precis: Give us money

2. #565831
   On December 8th, 2008 at 3:57 pm, BayStateRepublican said:

   Fire, meet gasoline.

3. #565837
   On December 8th, 2008 at 4:00 pm, sonofdy said:

   Borrow. Print more money. Spend. Repeat. Panic. FAIL.

   Fixed that for you michelle.

4. #565840
   On December 8th, 2008 at 4:01 pm, sonofdy said:

   There is probably a good reason why we don’t know how much money the government has printed in the last year.

5. #565850
   On December 8th, 2008 at 4:06 pm, Flyoverman said:

   All you have to do is read the first two pages and “FALSE PREMISE” jsu leaps out at you.

6. #565851
   On December 8th, 2008 at 4:07 pm, Hangfire said:

   Fine. I’m still not going to buy any American autos unless, like the Mustang and Challenger retro’s, they make a retro-LTD or Fleetwood Brougham.

7. #565853
   On December 8th, 2008 at 4:08 pm, PBoilermaker said:

   Unprecedented fiscal and political incompetence.

   Incredible.

8. #565856
   On December 8th, 2008 at 4:10 pm, hawkeye54 said:

   still not going to buy any American autos unless, like the Mustang and Challenger retro’s, they make a retro-LTD or Fleetwood Brougham.

   I’m holding out for a retro Packard : )

9. #565859
   On December 8th, 2008 at 4:12 pm, sonofdy said:

   Do you know what was missing from that document?????

   drum roll

   The dollar amount to be borrowed printed.

10. #565865
    On December 8th, 2008 at 4:18 pm, tre said:

    On December 8th, 2008 at 4:07 pm, Hangfire said:
    Fine. I’m still not going to buy any American autos unless, like the Mustang and Challenger retro’s

    I’d like a retro ‘55,’56,’57 Bel Aire or a retro ‘69 Camaro. A retro ‘59 Cadillac would be nice, too. Any of those would make me look good cruising on Route 66.

11. #565875
    On December 8th, 2008 at 4:27 pm, The Master said:

    I’ll bet there is no “don’t come back to us for more” clause in the bailout. Given the gigantic hole that the Big3 are in, I don’t see how $15 billion is going to do much more than delay the inevitable for a few more months or even a year.

    Most if not all of the problems the Big3 have now will be there for the foreseeable future: lackluster product line, sky-high production costs, and suffocating union contracts. None of these problems will be fixed by giving them $15 billion. Indeed, by keeping them alive with a financial respirator, it may hurt their ability to negotiate with the unions for drastic cutbacks on benefits, etc.

    And here’s a sobering thought that not many people have been focusing on: if the Big3 can’t compete against the Japanese and Korean automakers now, how much worse off will they be when the Chinese and Indian automakers finally arrive in the USA?

12. #565877
    On December 8th, 2008 at 4:27 pm, pickax411 said:

    Where were the bailouts in the mid 1980 for Houston Texas took a big hit on the Oil Industry down turn? Oh, I forgot Oil is Evil and Unions (once?) controled by Crime Lords are Good…

13. #565882
    On December 8th, 2008 at 4:31 pm, Hangfire said:

    On December 8th, 2008 at 4:18 pm, tre said:
    I’d like a retro ‘55,’56,’57 Bel Aire or a retro ‘69 Camaro. A retro ‘59 Cadillac would be nice, too. Any of those would make me look good cruising on Route 66.

    Actually, I’d like a ‘69-’73 Opel GT to look good in, but:

    1.) Not American made.
    2.) Can no longer fit behind the wheel.

14. #565884
    On December 8th, 2008 at 4:33 pm, Jbgood said:

    If I were one of the big 3, I think, after reading the draft, going bankrupt would be much easier. Who in their right mind would want all those restrictions and regulations? If they think they’re in trouble now, wait until they try to comply with this pile of %^$# draft.

15. #565891
    On December 8th, 2008 at 4:42 pm, md1964 said:

    This is the convergence of Incompetence.

    Incompetent CEO’s who ran their companies into the ground, being lectured and dictated to, but a group of incompetent senators and congressmen who have run America’s Economy into the Ground. In this whole mess..is there anyone involved who has been successfull at ANYTHING?

16. #565909
    On December 8th, 2008 at 4:57 pm, alexwest said:

    What a mess. Are the competent automakers exempt from this?

17. #565913
    On December 8th, 2008 at 5:04 pm, sonofdy said:

    WARNING WARNING WARNING WARNING
    There is no dollar amount in this bill so the 15 billion dollar number is complete crap.

    WARNING WARNING WARNING WARNING

18. #565921
    On December 8th, 2008 at 5:15 pm, fred5676 said:

    In case you don’t know about the autoworkers’ incredible job bank, see how 12,000 UAW workers are paid to do crossword puzzles.

    And these are 2005 numbers!!!

    http://www.detnews.com/2005/autosinsider/0510/17/A01-351179.htm

    And the UAW wants MY money????

    As Charlton Heston so aptly put it, “From my cold, dead hands!”

19. #565922
    On December 8th, 2008 at 5:15 pm, Lee Hazel said:

    This whole thing is potentially Dead on Arrival. Look no further than Pg 3 Lines 10-14.

    “Preserves the jobs of 355,000 workers in the United States directly employeed by the automotive industry…..”

    It further states that the 4.5 Million industry related jobs be equally protected.

    DUH, There has to be a headcount reduction or there is no way this thing has any chance at all. Management whould be looking at somewhere around a 50% force reduction and a 30-40% cut in union labor.

    At this point if the union balks tell them quite simply, fine, do what you have to do, cooperate, strike, whatever, but pink slips will be out in 2 to 4 weeks.

    Suppliers need to come forward with equally forceful cost cutting showing a desire to continue as suppliers. Supply Chain Management takes on a whole new meaning in this new environment. Incidently, so does Union Relations.

    PC is Thought Control
    LEE

20. #565927
    On December 8th, 2008 at 5:22 pm, FamilyMan said:

    (B) enhances the ability and the capacity
    of the domestic automobile industry to pursue
    the timely and aggressive production of energy
    efficient advanced technology vehicles;

    Why the hell is that requirerment even in there?
    GEEEEEES

21. #565928
    On December 8th, 2008 at 5:23 pm, Hangfire said:

    “Captain Jones, you ran your attack submarine aground, so we’re going to give you a bigger Trident submarine…”

22. #565931
    On December 8th, 2008 at 5:24 pm, FamilyMan said:

    It looks to me like big union saving document.

23. #565937
    On December 8th, 2008 at 5:29 pm, sonofdy said:

    “Captain Jones, you ran your attack submarine aground, so we’re going to give you a bigger Trident submarine…”

    You forgot to mention the new sub has a launch on grounding safety feature for the nukes.

24. #565939
    On December 8th, 2008 at 5:30 pm, walterc said:

    sonofdy said:

    WARNING WARNING WARNING WARNING
    There is no dollar amount in this bill so the 15 billion dollar number is complete crap.

    I too noticed the lack of dollar figures. I also noticed the need for oversight here being covered by creating a new government position (at a pretty good salary I would imagine) that is connected with either the finance industry (read bank bailout ala Paulson) or someone familiar with the auto industry i.e. someone close to the current big 3 upper management.

    Either way, it’s going to be a big loss for the taxpayer.

    And what’s the point of owning securities in a valueless company?

    Unless Romney is the President’s oversight guy, he’s familiar with the auto industry, finance and salvaging a poorly managed entity (Salt Lake Olympic). So obvious he won’t be the first choice of President Rino bush or Leftist elect B.O.

    We’re screwed again.

25. #565962
    On December 8th, 2008 at 5:55 pm, Frank DiGiorgio said:

    Where are the “Bail Out Palooza 08″ t-shirts?

26. #565980
    On December 8th, 2008 at 6:15 pm, rambler said:

    Morons saving morons.

27. #565987
    On December 8th, 2008 at 6:24 pm, teachem2 said:

    Cliff Notes’ version: Borrow. Spend. Repeat. Panic. FAIL.

    Can we just skip to the end (FAIL) and save our time, effort, and money?

28. #566006
    On December 8th, 2008 at 6:43 pm, shooter said:

    Finance guilty parties;
    -CRA/community organizers
    -Dodd
    -Frank
    -Obama
    -Pelosi
    no mark to market
    All still there. No chance of change or recovery.

    Auto Guilty parties;
    -Cafe Standards/government interference
    -UAW
    -CEO(s)
    All still there. No chance of change or recovery.

    Patterns are emerging.
    You can’t solve the problem with the same minds and entities that created the problem.

29. #566078
    On December 8th, 2008 at 8:37 pm, Freddy said:

    I ‘like’ how congress nicely placed ‘overseeing’ this disaster firmly into the hands of the president. Clearly, they recognize that they are not competent in the automobile business. I suspect that the president will feel the same way, and will ‘demand’ that congress be responsible for the ‘oversight’.

    This might be where the process gets ’stuck’.

30. #566095
    On December 8th, 2008 at 9:19 pm, jjmurphy said:

    Whew! Am I glad our incredibly competent Congress is able to step in and save the U.S. auto industry. I am sure everything will be fine now.

31. #566234
    On December 9th, 2008 at 1:28 am, WisCon said:

    And guess what? W will go along with it.

    Thanks, George, for helping socialize our country you idiot.

32. #566457
    On December 9th, 2008 at 10:35 am, erbarker said:

    I suggest a protest. Let you Congressmen and Senators know that you will never again buy a Ford, Chevrolet or Chrysler product if they go through with this, Send you intentions to your Congressmen and Senators.

    It is your taxes paying for this. If you don’t like it protest it.