Obama is on TV talking about how he plans to rescue the American auto industry. How can he justify that?

How can he justify that while he is also pushing his agenda to drastically change the laws for recognizing unions during organizing campaigns? His plans will be very bad for industry. If you don't know what I'm talking about, please don't answer.

Although I am not an auto worker, I prefer to see Americans making Toyotas in US than foreigners making Fords off shore.

What's next.retailers? It's not going to be a very profitable selling season for them.will they go crying to the government too?
What do other people think about this country bailing out these industries?

We need to bail out the automakers, as well as the other businesses. If we don't, we won't have an economy left. What needs to be done is to make the businesses accountable, put caps on executive salaries and bonuses and make sure they treat their employees fairly.
If the automakers go under, millions of jobs would be lost. Not only the jobs at the auto plants, but the jobs at all the places that make the parts to be made into cars. Plus, everyone needs a car, if the US has no automakers, then every time an American would buy a car, the money will go overseas, and out of the US.
US companies have been extremely greedy with executive salaries, bonuses, perks and with stupid management. We need our companies, but not the idiots who got us into this mess.

I have made an inquiry about a job for an "auto rescue of miami LLC" company and see they are all over the usa advertising.I am wondering if anyone knows anything.They claim to work for big name companies like Geico etc.How do you get paid?Anyone ever work for them?Please respond before I commit.Thanks

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Is it highly LIKELY or highly UNLIKELY that congress will secure a $25 billion rescue package for the auto ind? Is it highly LIKELY or highly UNLIKELY that congress will secure a $25 billion rescue package for the auto ind?

From what I have heard it sounds like it won't happen.

Is there anyone in America that does not know this auto bailout stuff with congress is a UAW rescue? Is there anyone in America that does not know this auto bailout stuff with congress is a UAW rescue?

Totally correct. It's disgusting.

The unions brough the auto industry to it's knees, and now they want us to help continue their reign of terror in the American auto industry?

This is their chance to get out from under the opressive contracts. They should just file for bankruptcy and get over it.

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In grand theft auto liberty city. In the mission where you have to rescue these guys at the gas place.?

How do you beat it. When you get away where go?

I don't know how helpful this will be, but I find that when I am being chased by cops in LC, it's useful to use your backward view point so you can see what the cops behind you are doing. not only can you avoid a PITT manuever, you can also get some extra speed if one of them rams you straight from behind.


Also also... try planning to run through some police bribes. there's one down an alleyway in the middle of town, and I think one in the tunnel with the entrance near eight ball's place. I think.

According to Barack Obama we can:
* raise tax on 5% top earners by 3% (from 36% to 39%)
* lower lax for the remaining 95%
* and bail out entire nation in the process

The plan of action should be oblivious to auto CEOs:
* cut salaries of 5% of top earning employees by 3%
* give raises to the remaining 95% lower paid employees
* and bail out auto industry in the process

Lol!.

Of course, the source of the problem is that the auto companies have been giving far too much to their union employees. The death blow is health benefits for retirees. While this sounds good in principle, when the government changed the accounting rules and required the auto companies to set aside the maximum amount of this benefit for each employee pretty much from the day they were hired destroyed the companies' cash flow.

It's not that the auto companies don't have the money, it's just that the money is allocated for purposes that won't occur for decades, if ever. And you can thank the liberal democratic union shills in congress for that one.

Besides, there is a bailout system for all these companies without huge expenditures from the federal government (ie us taxpayers). It's called bankrupcy court.

Because the U.S. automakers don't have more cash coming in than going out. Business rule No. 1 is make money.

According to Argus analyst Kevin Tynan, GM had a net cash shortfall of $13.8 billion at the end of 2005, then another shortfall of $12.3 billion for 2006 and then again $12.1 billion for 2007. Tynan expects it to burn through $1 billion of cash per month.

The automakers keep screaming, Why did the banks get bailouts and not why not us? Simply put: You don't make money. The chance of getting the loans paid back is slim.

The numbers being tossed around right now ($34 billion) are staggering for an industry that does not provide the life blood of the American economy, which is what the financial system does. I know that millions of jobs are at stake, which is what makes it so difficult to decide what to do.

It seems to me the federal government might be better off using half that money to finance new American car and truck purchases since consumer spending is what this country desperately needs. If you lend the full cash price at a nominal interest rate and spread it out over 90 months, then people can buy the new cars they want and pay the government back with interest.

Lend the auto makers the $25 billion to re-tool their plants in order to produce greener cars, and be prepared to provide D.I.P. financing or merger financing if it makes economic sense to do so. But I would rather spend $1 billion a month on financing new car/truck purchases, and providing tax credits for the high mileage cars/trucks, than take a chance on any one of the Big Three right now given the enormous obstacles in terms of their future viability.

Otherwise, I would form an entity to purchase GM and Chrysler at their current value, merge them, establish a new business model, and if GM-C can make a profit in the car/truck business, then the federal entity can sell the business back to an ESOP-vehicle for fair value at that point in time.