Comments on: Auto Bailout Compromise Fails

By: Anonymous

Anonymous — Fri, 12 Dec 2008 14:06:00 +0000

Now that Madoff is looking for a new job, perhaps he can turn around Detroit (both the city and the plants).

I don't believe anything the auto companies, unions and washington say.

This is not about an industry, its about a business model for some plants that does not work and must be readically changed. There are federal judges experienced and impartial to take care of this, but putting it in the hands of the power brokers in Chicago or DC makes no sense to me.

By: charlottemom

charlottemom — Fri, 12 Dec 2008 13:13:00 +0000

To 11:07

Your blaming of Dems and Obama illustrates your blind loyalty to the Republican way.

Many to blame here. Obama is NOT the President, he's the President Elect. Bush is nowhere to be found. Guess what = he's the President who should be dealing with this, sez The Constitution. shesh!

By: baychev

baychev — Fri, 12 Dec 2008 13:02:00 +0000

“It’s over with,” Majority Leader Harry Reid said on the Senate floor in Washington. “I dread looking at Wall Street tomorrow. It’s not going to be a pleasant sight.”…

i bet he was referring to bankers being mad they have to share their TARP loot with union workers.

By: purple

purple — Fri, 12 Dec 2008 10:56:00 +0000

But especially after this, there had better not be Wall Street bonuses this year, top to bottom. TARP money cannot go to bonuses.

Stamping your feet won't make it so. They don't give a damn what you think.

By: rexl

rexl — Fri, 12 Dec 2008 07:05:00 +0000

anon 11:30 pm
agreed, they should definitely stand and take responsibility.
also it is open season on all publick employees unions and pensions including police, fire, teachers, congressmen, senators, etc. cut them all.

By: artichoke

artichoke — Fri, 12 Dec 2008 06:41:00 +0000

I think that this is the right outcome for this negotiation. Things can be fixed up in Ch. 11, that is the right destination.

But especially after this, there had better not be Wall Street bonuses this year, top to bottom. TARP money cannot go to bonuses.

By: Andrew Bissell

Andrew Bissell — Fri, 12 Dec 2008 06:11:00 +0000

Hard to see how this constitutes ‘revenge on American prosperity’ given that the automakers had no connection to prosperity whatsoever for a decade or more.

By: john bougearel

john bougearel — Fri, 12 Dec 2008 05:48:00 +0000

@ ndk

"Every time I hear, "there's a broad and growing consensus that..." I cringe."

Here, Here!
Euphemisms of any ilk that smack of reasssureances and false security makes me cringe as well

@anon 12.36
good point, rome burns and lawmakers (pelosi) calls a recess

By: Anonymous

Anonymous — Fri, 12 Dec 2008 05:36:00 +0000

This, then congress goes on a well-earned vacation while rome burns…

I’m PROUD to be an American…

By: Anonymous

Anonymous — Fri, 12 Dec 2008 05:13:00 +0000

Now the money has to come from TARP. TARP has only 15B left and Paulson is not going to release it without a sign-off on the second TARP installment. To do that the congress has to come back from recess and I don’t know how difficult it will be to reconvene congress, have useless debates, do arm twisting etc. etc. and have a sign-off during this break.