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2008-11-10 Home Front Economy

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Posted by Fred 2008-11-10 00:00|| || Front Page|| [11135 views ] Top

#1 "Washington needs to look at fast-forwarding the 25 billion dollars that has been provided for retooling the factories for basically a more fuel-efficient auto fleet"

Retooling? I thought it was going into the UAW-administered Voluntary Employee Beneficiary Association (VEBA)?

Posted by Pappy 2008-11-10 00:14|| 2008-11-10 00:14|| Front Page Top

#2 Retooling?

I believe this is done annually in the auto industry in preparation for the roll-out of the upcoming year's new models. Seems to me it used to be done in the Summer time, lasted from 2-6 weeks and was referred to as "changeover." Is the gummit now going to fund model changeovers?

What is really being "retooled" is the taxpayer's arss and all it's fixtures.?

Posted by Besoeker 2008-11-10 06:31|| 2008-11-10 06:31|| Front Page Top

#3 How about the UAW makes some concessions here?

Posted by tu3031 2008-11-10 10:04|| 2008-11-10 10:04|| Front Page Top

#4 this shit has got too stop somewhere and it either need too be here or not give AIG another dime. Sorry but a bailout of the US carmakers is not gonna help. the cars suck the employees are overpaid so handing the big men of the companies too piss away is not gonna help.

Posted by chris 2008-11-10 11:34|| 2008-11-10 11:34|| Front Page Top

#5 This bailout should only be considered if the UAW is forced to make very major and long-lasting concessions. I don't see that happening with the in-coming administration.

Posted by remoteman 2008-11-10 13:15|| 2008-11-10 13:15|| Front Page Top

#6 If "card-check" becomes law, what are the odds that the UAW walks into Toyota or Honda?

Posted by Grenter, Protector of the Geats 2008-11-10 13:21|| 2008-11-10 13:21|| Front Page Top

#7 Sorry, Fred, I don't think your social engineering is desirable, even though it's ten thousand times smarter than the sort we'd actually see out of this crowd of idiots.

It is to puke to see how the public square in the US almost excludes any intelligent discussion of economic issues. And now, thanks to Dubya, we're off to the races. The races to mediocrity, avoidable problems, deepened national insolvency, and galactic-sized opportunity costs unseen by the slowly boiling frogs.

As I noted once before, the radio ads for Fred G's and my new congresscritter, Duncan Hunter the Younger, included bigoted nonsense about "Wall Street greed" that Huey Long would have felt comfortable with. My sense of connection to others in this country, and concern for their futures, grows more tenuous by the day.

Posted by Verlaine 2008-11-10 13:34|| 2008-11-10 13:34|| Front Page Top

#8 how do you sign up for these bailouts? i need one too at a fraction of 1% of what they are giving these guys and would prob go too better use

Posted by chris 2008-11-10 15:02|| 2008-11-10 15:02|| Front Page Top

#9 Fred G? I still have hair!

Posted by Frank G">Frank G 2008-11-10 16:07|| 2008-11-10 16:07|| Front Page Top

#10 NEW YORK (AFP) General Motors shares plunged more than 30 percent Monday after an analyst forecast their price would fall to zero, saying that even if there is a government bailout of the auto giant, shareholders would not benefit.

"We are lowering our target on GM equity to zero dollars," the Deutsche Bank report said. "Even if GM succeeds in averting a bankruptcy, we believe that the company's future path is likely to be bankruptcy-like," it said.

"While we believe that GM's secured creditors may get a par recovery, unsecured creditors may get very low recovery. Equity shareholders are unlikely to get anything."

Posted by tu3031 2008-11-10 16:37|| 2008-11-10 16:37|| Front Page Top

#11 If "card-check" becomes law, what are the odds that the UAW walks into Toyota or Honda?"

Followed shortly thereafter by Japan, Inc. walking out of the U.S.

Posted by no mo uro 2008-11-10 19:03|| 2008-11-10 19:03|| Front Page Top

#12 I recommend we ask the Rahm Emanuel and Amy Rule Charitable Foundation to bail out GM. Since they don't pay ~~retail~~ property taxes.....

"According to the Cook County Assessor's website, the Chicago home of four-term Democrat Congressman and likely new White House Chief of Staff, Rahm Emanuel, doesn't exist. While the address of 4228 North Hermitage is listed as Emanuel's residence on the Illinois State Board of Elections' website, there seems to be no public record of Emanuel ever paying property taxes on this home... Why wouldn't 4228 North Hermitage property owners Rahm Emanuel and wife Amy Rule not pay property taxes?

One reason may be because Emanuel and Rule declared their 4228 North Hermitage home as the office location for their non-profit foundation appropriately called the "Rahm Emanuel and Amy Rule Charitable Foundation". As a non-profit headquarters, they may consider their home as exempt from paying taxes."

Posted by Besoeker 2008-11-10 19:34|| 2008-11-10 19:34|| Front Page Top

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