As someone who was born in Detroit and raised in southeast Michigan all my life, I was not in favor of what GW and Obama did bailing out GM and Chrysler. All the bailout money did was go to the unions ahead of the bond holders.....blatantly against the law! You know who held those bonds......older retired folks who invested in the company they or their family had worked for. They were kicked to the curb when they should have been payed off first. And what really amazes me is that people think Obama saved GM and Chrysler from bankruptcy..........
WRONG!!! They both went through bankruptcy after they recieved the bailout. Romney's position was let them go through bankruptcy (as they actually did!) and
let private investors loan them the money to come out leaner and more competitive with the government backing the private loans. This would gaurantee vehicle warrantees to nervous prospective buyers. Obama didn't save the auto companies......he just paid off his union backers
LOL. And where were all these "private investors" chomping at the bit to loan money to bankrupt companies, and how many workers, their families, and auxiliary companies would've been sitting around waiting for that to happen.
Typical REPUBLICAN lack of vision on how PEOPLE are negatively impacted by CALLOUS actions of others.
But what I find interesting are other comments written in the article. They say "the DEVIL IS IN THE DETAILS" and every once in awhile Romney, or Ryan or some other party candidate or affiliate let slip WHAT THEY MEAN, INSTEAD OF WHAT THEY SAY. (hmmm...title for my next thread??)
Like Romney's "Big Bird" comment in the first debate (plans to slash funding for public television) or his brief reference to unions going to the back in the last debate (plans to bust unions and effectively put an end to all COLLECTIVE BARGAINING).
Or like Ryan's latest comments on how he envisions the funding of benefit programs like Medicaid and Family Assistance programs (doling out block grants to states to figure out how they'll use the money), or Palin's latest looney "shuck and jive" comment aimed at Obama, or Trump's insulting bullshit money offer.
Or GOP candidate Richard Mourdock's comments on abortion (I've always wondered how they figure that one - that life begins at contraception, that abortion is murder, but not murder in the case of rape or incest? Thank's Mourdock for clearing that up for us and letting us know what y'all
really think).
Or even Florida GOP senate candidate Connie Mack's more FRANK expose on what Republican style foreign policy will REALLY be like: "United Nations should be kicked off of American soil."
Their idea of "world peace", no doubt.
And then there is what Romney says in "Let Detroit Go Bankrupt":
"...huge disadvantage in costs relative to foreign brands must be eliminated. That means new labor agreements to align pay and benefits to match those of workers at competitors like BMW, Honda, Nissan and Toyota."
Translation: Auto workers are being paid too much. Pay 'em what they pay in Japan.
"retiree benefits must be reduced so that the total burden per auto for domestic makers is not higher than that of foreign producers."
Translation: After you busted your ass on the job for some 25 - 30 years you sure as hell don't deserve all that money you've been contributing to your RETIREMENT. You can manage with LESS.
"Companies in the 21st century cannot perpetuate the destructive labor relations of the 20th. This will mean a new direction for the U.A.W., profit sharing or stock grants to all employees and a change in Big Three management culture."
Translation: Fuck unions, and kiss your profit sharing goodbye.
"accepting sanity in salaries and perks."
Translation: See all the above.
To his credit he does however say that executives should "Get rid of the planes, the executive dining rooms — all the symbols that breed resentment among the hundreds of thousands who will also be sacrificing to keep the companies afloat."
Yeah. Getting rid of those planes and executive dining rooms must be HELL.