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| | From: Noserose (Original Message) | Sent: 12/12/2008 12:45 PM |
Auto industry bailout plan dies in the Senate Collapse comes as bipartisan discussions over union wage cuts stall WASHINGTON - A bailout-weary Congress killed a $14 billion package to aid struggling U.S. automakers Thursday night after a partisan dispute over union wage cuts derailed a last-ditch effort to revive the emergency aid before year’s end. Republicans, breaking sharply with President George W. Bush as his term draws to a close, refused to back federal aid for Detroit’s beleaguered Big Three without a guarantee that the United Auto Workers would agree by the end of next year to wage cuts to bring their pay into line with U.S. plants of Japanese carmakers. The UAW refused to do so before its current contract with the automakers expires in 2011. The breakdown left the fate of the auto industry �?and the 3 million jobs it touches �?in limbo at a time of growing economic turmoil. General Motors Corp. and Chrysler LLC have said they could be weeks from collapse. Ford Motor Co. says it does not need federal help now, but its survival is far from certain. http://www.msnbc.msn.com/id/28166218/ >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> { Now what? Is it all over? Will there be other attempts to bail the Auto industry out? Will the auto companies collapse? What kind of effect would that have on our economy? Can we afford to let that happen? Seems we are between a rock and a hard place. What do we do now?} |
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| | From: Jan53 | Sent: 12/12/2008 2:44 PM |
I wonder if it will/would work like the mortgage bailout? The 3 billion or 5 billion (or whatever the real total was with that)....was suppose to help 4000,000 people. To date it has helped 100. Where is the rest of the money? In the pockets of the mortgage company and Fannie Mae, Freddy Mac executives? Probably. That was a sham really. Sell your home to Uncle Sam, then if it ever gains equity, give him 50% of that when you sell! Too bad it wasn't a straighforward hand up for those struggling. Screw the government. They don't want to help anyone but themselves and their upper echelon cronies. |
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| | From: Lodi-_ | Sent: 12/15/2008 2:40 PM |
Screw the government. They don't want to help anyone but themselves and their upper echelon cronies. I very much agree with Jan. This damn govt. will do anything to give to foreign companies and the banks, but they lead the Senate around by the nose so they will do just what this screwed up govenment wants them to do with plenty of tax money. |
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This leaked GOP memo may explain a few things.... From Keith Olbermann's blog over at Countdown: Countdown has obtained a memo entitled "Action Alert - Auto Bailout," and sent Wednesday at 9:12am, to Senate Republicans. The names of the sender(s) and recipient(s) have been redacted in the copy Countdown obtained. The Los Angeles Times reported that it was circulated among Senate Republicans. The brief memo outlines internal political strategy on the bailout, including the view that defeating the bailout represents a "first shot against organized labor." Senate Republicans blocked passage of the bailout late Thursday night, over its insistence on an immediate union pay cut. From: xxxxxxxxxxxx Sent: Wednesday, December 10, 2008 9:12 AM Subject: Action Alert -- Auto Bailout Today at noon, Senators Ensign, Shelby, Coburn and DeMint will hold a press conference in the Senate Radio/TV Gallery. They would appreciate our support through messaging and attending the press conference, if possible. The message they want us to deliver is: 1. This is the democrats first opportunity to payoff organized labor after the election. This is a precursor to card check and other items. Republicans should stand firm and take their first shot against organized labor, instead of taking their first blow from it. 2. This rush to judgment is the same thing that happened with the TARP. Members did not have an opportunity to read or digest the legislation and therefore could not understand the consequences of it. We should not rush to pass this because Detroit says the sky is falling. The sooner you can have press releases and documents like this in the hands of members and the press, the better. Please contact me if you need additional information. Again, the hardest thing for the democrats to do is get 60 votes. If we can hold the Republicans, we can beat this. http://thenewshole.msnbc.msn.com/archive/2008/12/12/1713569.aspx |
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This leaked GOP memo may explain a few things.... What does it explain? |
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| | From: RayMc28 | Sent: 12/16/2008 3:42 AM |
15 billion to blue collar union workers is bad 20 times that amount to white collar wall street workers is good. Neo-logic. |
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Read it again. And if you don't understand, read it once more. Keep doing that until a goes on. |
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This explains it all United Auto Workers The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (commonly known as United Auto Workers) is one of the most politically active of all unions. A strong financial supporter of Democrats and labor causes in general, the union sometimes finds itself on the same side of an issue as auto manufacturers—as it did when opposing aggressive increases in fuel economy standards for cars. But on most issues, the UAW opposes big business. It has opposed free trade agreements that it says would imperil American jobs, and bankruptcy reform that would make it more difficult for consumers to get out of debt. UAW supports a prescription drug benefit in Medicare and ergonomics protections in the workplace, among other causes near and dear to labor. Cycle | Total | Democrats | Republicans | % to Dems | % to Repubs | Individuals | PACs | Soft (Indivs) | Soft (Orgs) | 2008 | $1,905,515 | $1,889,265 | $10,250 | 99% | 1% | $31,815 | $1,873,700 | $0 | $0 | 2006 | $2,311,040 | $2,283,290 | $12,500 | 99% | 1% | $9,690 | $2,301,350 | $0 | $0 | 2004 | $2,275,170 | $2,227,430 | $30,740 | 98% | 1% | $40,670 | $2,234,500 | $0 | $0 | 2002 | $3,328,944 | $3,286,194 | $25,750 | 99% | 1% | $11,631 | $2,441,500 | $0 | $875,813 | 2000 | $2,831,735 | $2,798,885 | $15,300 | 99% | 1% | $26,585 | $2,344,650 | $0 | $460,500 | 1998 | $2,193,570 | $2,157,570 | $21,000 | 98% | 1% | $13,330 | $2,053,860 | $0 | $126,380 | 1996 | $3,001,438 | $2,978,763 | $12,675 | 99% | 0% | $38,572 | $2,754,818 | $0 | $208,048 | 1994 | $2,582,752 | $2,558,297 | $14,455 | 99% | 1% | $8,315 | $2,386,690 | $0 | $187,747 | 1992 | $2,739,104 | $2,697,449 | $26,155 | 99% | 1% | $7,165 | $2,488,974 | $0 | $242,965 | 1990 | $2,019,282 | $2,002,907 | $11,375 | 99% | 1% | $1,300 | $2,017,982 | N/A | N/A | TOTAL | $25,188,550 | $24,880,050 | $180,200 | 99% | 1% | $189,073 | $22,898,024 | $0 | $2,101,453 | The numbers on this page are based on contributions of $200 or more from PACs and individuals to federal candidates and from PAC, individual and soft money donors to political parties, as reported to the Federal Election Commission. While election cycles are shown in charts as 1996, 1998, 2000 etc. they actually represent two-year periods. For example, the 2002 election cycle runs from January 1, 2001 to December 31, 2002. NOTE: Soft money contributions were not publicly disclosed until the 1991-92 election cycle and were banned after the 2002 cycle.
Data for the current election cycle was released by the Federal Election Commission on November 17, 2008.
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I wonder how that explains George Bush promising to bail them out with some of the $700 billion in spite of the GOP Senators. Oh, Georgie's a Dem, right? |
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Oh, and a link for your "data", please. |
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