Babs Mikulski calls for order

In all her years in the Senate, that’s all she can produce???

MD Senators = worthless

“No. We’re not propping up companies. That’s your mistake,” he tells Stahl, who had asked him about taxpayer money going to prop up companies that had made bad decisions. “We’re propping up individuals. The world doesn’t consist of companies. The world is people. The country is people.”

Wow. Was he quoting Atlas Shrugged?

To MarcoPolo: I agree with you about not wanting riots. I’m much more for the peaceful protest in DC. However, as one Senator recently put it, people will start rioting when they lose their jobs while watching other, politically connected groups receive tax dollars to keep failing and sit on their ass.

We need a leader to arise from the mess and lead a peaceful revolution. The time just hasn’t come, yet. People won’t listen right now. A lot of us on here are still being derided as the “lunatic fringe” for thinking this bailout mess is going to ruin the country. Our economy and society will have to regress to a much greater state of breakdown and decay before someone can emerge on the kind of message we need: slashing government, eliminating entitlements, standing up for life and liberty…

Gird your loins. Gird your loins, indeed.

“No. We’re not propping up companies. That’s your mistake,” he tells Stahl, who had asked him about taxpayer money going to prop up companies that had made bad decisions. “We’re propping up individuals. The world doesn’t consist of companies. The world is people. The country is people.”

He did not state if the Car Czar would mandate all new cars be purple and pink. They will all have an AIDS awareness ribbon, the radio will be permanently set to NPR and there will be no Right Turn signal.

It is mind boggling that the union refuses to cut the employee’s wages to reasonable levels, but instead will cause them to lose their jobs

Studebaker.

The auto industry hasn’t put forth a satisfactory plan to fix their situation. That’s the main issue. I don’t think people are happy about the lay offs, but Bank of America annouced plans to lay off 35,000 people yesterday and that’s after the government promised $700 billion in funds to their industry! What is $15 billion going to fix in a mis-managed manufacturing company?

B o A’s reduction in workforce by 35000 has more to do with the merger with Merrill Lynch and eliminating redundant positions than it does the bailout. However, I take your point that the current restructuring and layoffs across many sectors is inevitable in a recessed economy.

And bluesoc, why should I have to bail out greedy union workers who can’t see the forest for the trees? Their refusal to negotiate is going to cause all of them to LOSE THEIR OWN JOBS!

The US is in the perilous economic situation because of bad risk management practices, i.e. lending money to people who couldn’t pay.

If you had a neighbor who was constantly late on bills and mortgage payments because they mismanage their money, would you lend them money and expect it back? Even more, would you expect them to pay it back w/ a return?

The auto industry hasn’t put forth a satisfactory plan to fix their situation. That’s the main issue. I don’t think people are happy about the lay offs, but Bank of America annouced plans to lay off 35,000 people yesterday and that’s after the government promised $700 billion in funds to their industry! What is $15 billion going to fix in a mis-managed manufacturing company?

You can’t put out a fire by throwing money on it.

On December 12th, 2008 at 12:15 am, tarpon said: Without UAW labor cost reductions, the issue of sustainability cannot be overcome. Doesn’t everyone see that the UAW and their crippling contracts and work rules has built an unsustainable house of cards.

It is mind boggling that the union refuses to cut the employee’s wages to reasonable levels, but instead will cause them to lose their jobs. This is nuts. I wonder what the actual employees think of all this. Wouldn’t you be willing to take a pay cut if it meant staying employed??

They do not care about any thing execpt what the can steal from the people!

I pay my bills on time evereytime but if I have no money I don’t spend/buy anything, the US goverment is out for its self