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So Long GM, See Ya’ Chrysler — Hope America Enjoys The Second Great Depression

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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:03 PM
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So Long GM, See Ya’ Chrysler — Hope America Enjoys The Second Great Depression

by Charley James –

In the 1950s, “Engine” Charley Wilson – then chairman of General Motors – said “What’s good for GM is good for America.”

We’re about to find out that the reverse is also true.

Thanks to a handful of Republican Senators whose twofold purpose of trying to bust the United Auto Workers while simultaneously protecting their home state, non-union, foreign-owned car manufacturers who received tens of millions of taxpayer subsidies, the loan deal passed by the House died in the Senate last night because, the GOP knuckle-draggers maintain, the auto industry shouldn’t receive government help.

“Let them eat cake,” which Marie Antoinette never actually said, has become “let tens of millions of Americans go to hell.”

Republican Senator Bob Corker insists the breakdown came over differences on employee compensation. But he and other GOP Senators say the UAW must make even more concessions than they already have made, a clear attempt to break the union which is busy trying to organize workers at Honda, Toyota, BMW and Volkswagen plants in the old Confederate states.

Corker and his pals are liars: For one thing, the Southern states they represent have given millions of dollars in taxpayer money to foreign manufacturers to attract their plants. For another, unionized auto workers in Detroit already earn less than non-union workers. The average hourly rate in Detroit is about $27 per hour while non-unionized auto workers Southern states earn an average of roughly $39 per hour, according to MSNBC. At Toyota, workers earn an average of about $37 an hour – plus an annual bonus.

Clearly, the issue is all about unions, not the false concerns raised in their pompous, self-serving speeches on the Senate floor about wasting money.

Repeating History
What Republicans are doing today parallels precisely what the GOP did as the Depression gripped America following 1929’s stock market crash: Nothing.

Like frail birds trying to fly directly into the gale force winds of history – and economics – Senate Republicans today aren’t content with losing two elections in a row, both badly and the last one horrendously. Instead, they are content to follow Herbert Hoover and his Congressional cronies into perpetual discredit, allowing America to sink helplessly into economic disaster while sanctimoniously claiming to be looking out for the very people they’re destroying.

Continued>>>
http://www.laprogressive.com/2008/12/12/so-long-gm-see-ya%E2%80%99-chrysler-hope-america-enjoys-the-second-great-depression/
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HereSince1628 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:09 PM
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1. It's really bad for all the auto dealers. But
the last time I was there I didn't really notice any dealerships down in the financial district.

My guess is GM or Chrysler will be in Chinese hands by February.

What they couldn't win in the cold war, they well buy for pennies on the dollar.




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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:22 PM
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6. Most of the bigger dealers also sell a transplant brand
The local Chevy store sells Hyundai.

Chrysler dealers seem to also sell Toyotas.

Buick dealer sells Subaru.

Honda seems to be sold only in Honda stores.
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derby378 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:11 PM
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2. And Senate Republicans steamrolled over the Democrats in order to achieve this
You'd think the Senate Dems would have learned a few things during their time in the wilderness, but no...
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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 12:11 AM
Response to Reply #2
8. Politics as usual, no Democratic backbone to stand up to the Republicans, things better change soon.
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drm604 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:12 PM
Response to Original message
3. They're getting the money.
Edited on Fri Dec-12-08 05:13 PM by drm604
http://finance.yahoo.com/news/White-House-considers-help-apf-13817782.html
WASHINGTON (AP) -- With Congress gridlocked and the economy floundering, the Bush administration declared Friday it would step in and prevent the "precipitous collapse" of the U.S. auto industry and the disastrous national economic impact of the hundreds of thousands of job losses sure to follow.

The day after the sudden demise of emergency legislation in Congress, administration officials said no decisions had been made on the size or duration of the new rescue plan, or what type of concessions, if any, would be demanded from the struggling automakers, their workers, stockholders or others.

In a reversal, the most likely option under consideration involved billions of dollars originally ticketed for the bailout of the financial industry. President George W. Bush had long declared that money off-limits to the beleaguered automakers
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mrreowwr_kittty Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:12 PM
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4. They'll get TARP funds and then the Dem Congress can revisit it next year.
We simply cannot let these important industries go under, for national security reasons if nothing else.
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Tandalayo_Scheisskopf Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:17 PM
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5. It is time for the Dems...
To start making life miserable, utterly miserable, for the next congress's repukes. Start planning now to come up with every way imaginable to make life in the Senate living hell for them. Make them dread going to work. Make them have to go on ananxiolytics en masse.

There is no way you could fuck with them too much, so don't stay your hand, dems.
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onethatcares Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 05:35 PM
Response to Reply #5
7. it is time for us to make life utterly miserable for our Democratic leaders
gaudamit, it'a about time they get a clue, take a vucking dollar outa the TARP program and buy one if they have to, but it's time to take back America for we AMERICANS. Jesus in a handbasket, we can't keep letting the rich get richer and the working class die. It's beyond time to vote "OUT".
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