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2008-11-20 Home Front Economy

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Posted by john frum 2008-11-20 00:00|| || Front Page|| [11135 views ] Top

#1 Who makes military vehicles, tanks and such now? We could be double screwed by bad management, bad unions, bad government. This situation affects our national defense.

Posted by Alaska Paul 2008-11-20 01:15|| 2008-11-20 01:15|| Front Page Top

#2 He was my choice for the Republican candidate. Wish we had him in there now.

Posted by Richard of Oregon 2008-11-20 04:21|| 2008-11-20 04:21|| Front Page Top

#3 A restructuring of the auto industry to make it excellent could be a new Manhattan-type project, if done correctly. Good for the defense industry, and good for domestic issues.

Posted by no mo uro 2008-11-20 06:10|| 2008-11-20 06:10|| Front Page Top

#4 If I am not mistaken, General Dynamics is the primary manufacturer of the M1. Pretty sure the Big Three have little or no involvement in military assets these days.

And I concur 100% with Mitt. The only way to save them is to force them to restructure. New management and kill the UAW. Our only hope is that GM goes under before NObama takes office, cause in January they'll get their money.

Posted by AllahHateMe 2008-11-20 09:16|| 2008-11-20 09:16|| Front Page Top

#5 As a shareholder of GM, I say.....let 'em declare bankruptcy. Yes, I know what little I have in them will be declared worthless, but that's better than saddling my kid and other future generations with debt that cannot possibly be repaid under their current business model.

Posted by Cornsilk Blondie 2008-11-20 11:54|| 2008-11-20 11:54|| Front Page Top

#6 GM stock is fast approaching $1 billion. It would be interesting if the UAW purchased majority ownership and then implemented needed reforms.

Posted by ed 2008-11-20 12:02|| 2008-11-20 12:02|| Front Page Top

#7 Not today. CNBC:
Key senators reached a compromise on a $25 billion bailout of the three big US auto makers, a Senate Democratic aide said. A draft of the compromise being worked on by Michigan Sen. Carl Levin and Sen. Christopher Bond, R-Mo., would use the $25 billion set aside by Congress in September for retooling auto plants over the next several years and lend it to auto makers immediately, the Detroit Free Press said.

Automakers would face strict conditions on using the money, similar to what financial firms faced under their bailout, and as they repaid the loans, the money would go back into the retooling fund, the paper said.

Posted by ed 2008-11-20 13:11|| 2008-11-20 13:11|| Front Page Top

#8 Oh my God!!!

"Automakers would face strict conditions on using the money, similar to what financial firms faced under their bailout,..."

ROFLMAO how stupid can these Bozos be??? They don't know that the financial firms used the money for executive bonuses??? I think that the entire Senate & House should be replaced by gold fish. They would make less noise, better decisions and be better looking.

Posted by AlanC 2008-11-20 13:42|| 2008-11-20 13:42|| Front Page Top

#9 I've been trying to send that asshole Levin packing every election and the sonofabitch keeps getting re-elected - the people in my homestate who vote for this clown are morons. He's been in the senate way too long.

Posted by Zenobia Ebbomose aka Broadhead6 2008-11-20 20:56|| 2008-11-20 20:56|| Front Page Top

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