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(Yahoo) NewsFlash If you guessed UAW as the entity that would hose the Auto Bailout, step up and claim your prize   (biz.yahoo.com) divider line 1092
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36242 clicks; posted to Main » on 11 Dec 2008 at 11:45 PM (5 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»


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2008-12-11 10:57:19 PM  
ruh-roh
 
2008-12-11 11:06:52 PM  
This is the time to get the UAW more in line with reality. They're in no way completely responsible for the Big Three fark up, but they are a big piece of it.

I wonder if this will really be the end of Chrysler as we know it?
 
2008-12-11 11:08:40 PM  
Republican Sen. George V. Voinovich of Ohio, a strong bailout supporter, said the UAW was willing to make the cuts -- but not until 2011.

2011? Do they have any farking idea what is actually going on? Somebody tell them there is a good chance their wage will be cut to zero by 2010 if this plan doesn't go through.
 
2008-12-11 11:10:38 PM  
The Nikkei is not reacting well to this. The US markets are going to get reamed tomorrow.
 
2008-12-11 11:11:23 PM  
sullyman: Republican Sen. George V. Voinovich of Ohio, a strong bailout supporter, said the UAW was willing to make the cuts -- but not until 2011.

2011? Do they have any farking idea what is actually going on? Somebody tell them there is a good chance their wage will be cut to zero by 2010 if this plan doesn't go through.


There's a solid chance that their wage will be cut to zero by 2010 even if we do push through this danegeld loan.

GM better get over their fear of chapter 11 with a quickness. The UAW needs a solid cockpunch, and a federal judge would be just the person to do it.
 
2008-12-11 11:12:07 PM  
BFD.

Fark 'em. This (admittedly terrible for US workers) day of reckoning has been coming for decades.
It's the UAW who drove the whole damn US auto industry off the cliff to begin with.
$1bil a year solely for viagra????

Fark 'em.
 
2008-12-11 11:15:51 PM  
Don't worry, they'll just get money from TARP
 
2008-12-11 11:19:30 PM  
RodneyToady: The Nikkei is not reacting well to this. The US markets are going to get reamed tomorrow.

Dow futures are already down 350
 
2008-12-11 11:24:55 PM  
What I am trying to figure out is why they don't file for Chapter 11 Protection.....All that will do is make them reorganize(They are absolutely unsustainable as they are) and allow them to put any obligations on hold so that they can do so. Ok so a few jobs will be lost with C11 but without they have a good chance of being completely liquidated and sold off
 
2008-12-11 11:25:40 PM  
TRUBored: What I am trying to figure out is why they don't file for Chapter 11 Protection.....All that will do is make them reorganize(They are absolutely unsustainable as they are) and allow them to put any obligations on hold so that they can do so. Ok so a few jobs will be lost with C11 but without they have a good chance of being completely liquidated and sold off

They're afraid it might hurt their brand image. Y'know, like 30 years of selling cars no one wants.
 
2008-12-11 11:29:02 PM  
This is why Mother Nature "allows" the more stupid chicks to often jump out of the nest to be eaten alive by reality. The little birds think they don't need a safe haven, and can fly like the best of them with no skills other than a wide open mouth.

Too bad you UAW pricks have the mindset of a .005 IQ bird.
 
2008-12-11 11:29:51 PM  
Occam's Chainsaw: TRUBored: What I am trying to figure out is why they don't file for Chapter 11 Protection.....All that will do is make them reorganize(They are absolutely unsustainable as they are) and allow them to put any obligations on hold so that they can do so. Ok so a few jobs will be lost with C11 but without they have a good chance of being completely liquidated and sold off

They're afraid it might hurt their brand image. Y'know, like 30 years of selling cars no one wants.


Although I currently drive a Pontiac, I do hate the damn thing, I can't seem to get it to run properly.....It's 10yrs old for sure, but my friend drives a 20yr old Honda with the original transmission and engine and over 200K on the clock and it runs super smooth and quiet.....so I can definitely see why they are going down the tubes but if they want to come out of it, they are going to have to make some drastic changes
 
2008-12-11 11:31:04 PM  
A parasite killing the host is good news for neither.

Don't worry, by next week, the UAW will bend over and agree to the bailout. They really have no choice whatsoever.

Tomorrow will be a great opportunity to buy stocks at amazing prices.
 
DAR [TotalFark]
2008-12-11 11:31:47 PM  
One thing I don't understand is why the clowns in Washington had no problem giving 700 billion repeat 700 billion to Henry Merritt "Hank" Paulson Jr. and his rich friends on Wall Street and will not even toss a bone (15 billion) to the dump ass's in Detroit.
 
2008-12-11 11:31:48 PM  
mainstreet62: A parasite killing the host is good news for neither.

Don't worry, by next week, the UAW will bend over and agree to the bailout. They really have no choice whatsoever.

Tomorrow will be a great opportunity to buy stocks at amazing prices.


I do believe the Senate has deemed the issue closed for this year
 
2008-12-11 11:33:50 PM  
TRUBored: I currently drive a Pontiac

Is it this one:

i38.tinypic.com
 
2008-12-11 11:34:23 PM  
DAR: One thing I don't understand is why the clowns in Washington had no problem giving 700 billion repeat 700 billion to Henry Merritt "Hank" Paulson Jr. and his rich friends on Wall Street and will not even toss a bone (15 billion) to the dump ass's in Detroit.

even though they passed the bailout earlier in the year, I am pretty certain that there are hearings taking place that are discussing such things as

OMFG why did we do that,
Holy crap where is this money going to come from,
Are you serious we passed that thing,
So we're going to be able to monitor where this cash is going right,

and many, many, more
 
2008-12-11 11:35:02 PM  
the eidolon: TRUBored: I currently drive a Pontiac

Is it this one:


No, unfortunately it is far more crappy looking
99 Grand Am
 
2008-12-11 11:36:21 PM  
DAR: One thing I don't understand is why the clowns in Washington had no problem giving 700 billion repeat 700 billion to Henry Merritt "Hank" Paulson Jr. and his rich friends on Wall Street and will not even toss a bone (15 billion) to the dump ass's in Detroit.

There's a fundamental difference. The banks had us cold. Had the short term credit market not unfrozen, we were looking at the economy completely ceasing to function. We had no option but to give them whatever they damn well wanted, and they knew it. If GM shuts doors tomorrow, we'll still have an economy.

I just love that the Bush Administration doesn't even bother trying to kick this to the next guy, they just walk off the farking field altogether. Party of responsibility!
 
2008-12-11 11:36:54 PM  
I'm going to get right down to the heart of my reaction to this:

This doesn't strike me as awesome
 
2008-12-11 11:38:24 PM  
TRUBored: the eidolon: TRUBored: I currently drive a Pontiac

Is it this one:

No, unfortunately it is far more crappy looking
99 Grand Am


I wouldn't buy that for a dollar.

/drives a 97 Lumina
//surprisingly no problems, but I've never trusted it
///misses his '87 Accord
 
2008-12-11 11:38:35 PM  
TRUBored:

I do believe the Senate has deemed the issue closed for this year


The White House is already talking about going around Congress if it fails to reach an agreement. Link (new window)

FTA:

However, the Big Three could still wind up getting government funding. Bush officials warned wavering GOP senators earlier Thursday that if they didn't support the legislation, the White House will likely be forced to tap the Wall Street bailout to lend them money, two Republican congressional officials told CNN.
 
2008-12-11 11:42:30 PM  
I'm actually quite happy the Senate whipped up the testicular fortitude to stick to their guns on this. Well, until they add a few billion here and there for pet projects. But still... Looks like the balls in Paulson's court now.
 
2008-12-11 11:44:17 PM  
And coincidentally, there's about 15 billion left in the TARP.
 
2008-12-11 11:45:28 PM  
Silverhammer: Looks like the balls in Paulson's court now.

shouldn't there be an apostrophe in there
 
DAR [TotalFark]
2008-12-11 11:48:03 PM  
Occam's Chainsaw: The banks had us cold. Had the short term credit market not unfrozen, we were looking at the economy completely ceasing to function. We had no option but to give them whatever they damn well wanted, and they knew it.

Bingo.....anybody else notice that the price of gold was at $1000.00 an oz last year and now its dropping like a rock during the worst market down turn in 30 years when it should really be going up right now....

The rich insiders on Wall Street knew this was going to happen and now they are unloading their gold driving the price down.

Supply 101, somebody is making a bloody fortune. I just wish I was in on the deal.
 
2008-12-11 11:48:17 PM  
IronTom: Silv'erhammer: Looks l'ike the balls in P''aulson's c'ourt now.

shouldn't there be an apostrophe in there


FTFH
 
2008-12-11 11:48:17 PM  
Gonna have to preserve my American cars now.

/hopefully they will continue to make parts that are measured in inches instead of millimeters for a while.
 
2008-12-11 11:48:42 PM  
The UAW needs to be buried under the Meadowlands.
 
2008-12-11 11:49:03 PM  
From_The_Year_2000: IronTom: Silv'erhammer: Looks l'ike the balls in P'aulson's c'ourt now.

shouldn't there be an apostrophe in there

FTFH


w'ow
 
2008-12-11 11:49:21 PM  
Thank god that the GOP is getting back to what it used to do well.
 
2008-12-11 11:50:03 PM  
Good. Let somebody else make cars in the US. GM, Ford and Chrysler had their shot and they failed.
 
2008-12-11 11:50:24 PM  
$68?
 
2008-12-11 11:50:40 PM  
DAR: $1000.00 an oz last year and now its dropping like a rock during the worst market down turn in 30 years

gold is a measure of international instability, not the health of our auto industry
 
2008-12-11 11:51:23 PM  
Ever since Detroit stopped making cars with tailfins... and David Lee Roth left Van Halen...

/drives a 7 yr old S'n'aturn, never mind.
 
2008-12-11 11:51:34 PM  
Good for the United Auto Whores! They rode the big 3 into the dirt, now they can eat dirt after the bankruptcy is flushed out.
 
2008-12-11 11:51:44 PM  
Mouth Breather: $68?

Coincidentally, that's GM's current market capitalization.
 
2008-12-11 11:51:50 PM  
I believe this to be the Republican party trying to make the shiatpile they hand off to Obama stink even more.

Assholes to the end, truly.
 
2008-12-11 11:52:38 PM  
I guess someone had an unreasonable quibble with the provision allowing every UAW member to sodomize a random taxpayer...
 
2008-12-11 11:52:40 PM  
Smarshmallow: Thank god that the GOP is getting back to what it used to do well.

Not wanting to give money to people with manufacturing jobs != fiscal responsibility even if the two coincide in this case.
 
2008-12-11 11:52:43 PM  
CravenMorehead: Good. Let somebody else make cars in the US. GM, Ford and Chrysler had their shot and they failed.


They had a shot at your Mom too...... they failed again.
 
2008-12-11 11:52:49 PM  
PawisBetlog: I believe this to be the Republican party trying to make the shiatpile they hand off to Obama stink even more.

Assholes to the end, truly.


I believe it was the UAW, not the republicans who refused to budge
 
2008-12-11 11:53:03 PM  
DAR: Bingo.....anybody else notice that the price of gold was at $1000.00 an oz last year and now its dropping like a rock during the worst market down turn in 30 years when it should really be going up right now....

The rich insiders on Wall Street knew this was going to happen and now they are unloading their gold driving the price down.

Supply 101, somebody is making a bloody fortune. I just wish I was in on the deal.


Maybe I'm missing something here, but wouldn't "buy high sell low" be a BAD thing in most cases?
 
2008-12-11 11:53:14 PM  
It seems like not even the Democrats were fully on board with this one. I don't think it's entirely due to the Republican "revolt".
 
2008-12-11 11:53:43 PM  
Can we as Americans hose the UAW? Please?
 
2008-12-11 11:53:48 PM  
Good to see hard working people's union dues being used to effectively price themselves out of the market..

Unions were fine back in the 20s and 30s, before Federal safety and employment laws were as widespread as they are now. Now, unions only serve to fill their own coffers with dues to perpetuate their stranglehold on competitiveness.

It's gone from worker protection to legalized extortion.
 
2008-12-11 11:53:51 PM  
EvilElecBlanket: I wonder if this will really be the end of Chrysler as we know it?

Fark Chrysler. Cerberus has billions of their own money they can us to fund their own bailout.

/I drive a Chrysler (really)
//My friend drives a Dodge (really)
 
2008-12-11 11:53:53 PM  
Oh, and I better use this before society collapses and I run out of interwebs:

i37.tinypic.com
 
2008-12-11 11:53:55 PM  
Lets see, take a wage cut and keep your job. Or, demand no wages be cut and lose your job. What am I missing.
 
2008-12-11 11:54:02 PM  
Good politics from the Republicans in the Senate on this one. They weren't going to vote for this bill anyway so they went to the UAW and asked them to take wage concessions so deep that they would have to reject them. This lets the Republicans shift the blame for blowing up the bailout to someone else. Of course, if the UAW had agreed the Republicans (especially the ones in the South) win because they would have finally busted the most powerful Union in the country.
 
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