Whether parts manufacturers are punching out parts for GM or Toyota, they will keep busy. Yes, some of those parts will come from Japan but the Japanese are smart enough to know that if the unions don’t blow up labor costs, they can get good work product at a decent price in the U.S. without having to ship everything from the other side of the planet.

I work for a Chrysler supplier. We also supply BMW, Freightliner, and Mercedes but a majority of our products are Chrysler components. It doesn’t quite work the way you’re envisioning. Honda and Toyota aren’t going to transition any of their business over to a factory like ours, and unfortunately they are very right when they say all those jobs are at stake. They are.

Any politician that votes for this bailout needs to be removed from office the next time they are up for election. Santorum is right that Chambliss would not have faced a runoff if he hadn’t voted for the last bailout.

Not going to happen anywhere north of the Mason-Dixon.

Any politician that votes for this bailout needs to be removed from office the next time they are up for election. Santorum is right that Chambliss would not have faced a runoff if he hadn’t voted for the last bailout.

Anyone know how many private jets are owned by AIG and the rest of the banking and hedge fund fat cats. Seriously-why doesn’t Congress and the media inquire into this?

They’re too big to question.
(/sarcasm)

All this whining about the execs flying in on private jets is a big red herring. Typical stupid Dim propaganda.
TexasJew

Anyone know how many private jets are owned by AIG and the rest of the banking and hedge fund fat cats. Seriously-why doesn’t Congress and the media inquire into this?

Of course not. They’ll just shove underpowered compacts at the masses while pointing at some overly priced car as their “muscle car”. It’ll be 4x what the Big Three would have as a price, right where the lifestyle “Our 2nd home is in Aspen” environmentalists want it.

Never mind Europe and Asia sneaking in the front door, when they use the side door with automotive design.

There’s finally enough snow on the ground outside the bunker to drive back the foot that’s slow.

JammieWearingFool reports that the next Congress will be known as Teh Most (Un)Ethical Congress Evah Ver. 2.0™, partly……

And Save Me from the gimmick of driving hybrids to Washington, D.C. – a coach ticket would cost you $300 which is less than the fuel (even in a hybrid) costs you to drive from Detroit to DC. Idiots.

mngirl on December 4, 2008 at 9:16 AM

What clearer demonstration of incompetence could there be?

CNN poll: 61% now “dead set” against auto bailout

Thank goodness!

Now, will Congress listen, or just pull more stunts like badgering CEO’s into driving, not flying to Washington? Did Congress require them to check the air in their tires too?

And definitely not one under this (sort of) Republican Administration, Allah is right, let “The One” make a decision on this – God knows it will be one of the first of his career – and not just his Presidential Career, his entire career.

And Save Me from the gimmick of driving hybrids to Washington, D.C. – a coach ticket would cost you $300 which is less than the fuel (even in a hybrid) costs you to drive from Detroit to DC. Idiots.

OK – how about 100K to every registered voter ?

Since we are handing money out just print some more and send it my way.

Fine, then 100k will be worth exactly 0.01 in today’s money. You need to get a little economic sense. 300M x 1M = 300 Trillion. If everyone had 1M dollars, the value of the dollar would fall to about zero. Printing more money does nothing be devalue the dollar.

Any politician that is for a bailout is anti-American, IMHO. Capitalism works when the government stays out of the way and doesn’t regulate the companies into oblivion. Our government and the idiocy of the companies execs are to blame for the Big 3’s failures, and that’s why we have bankruptcy. Re-org these companies, re-negotiate the deals with the unions and get rid of the CAFE standards.

If I were GM’s CEO, I’d shut down all of their divisions but three. Make Chevy the low end and produce 4 cars/3 Trucks|vans|SUVs, make Saturn/Pontiac the middle tier with 3 cars/1 SUV/Van, and move the Corvette over to the Cadillac division and make Cadillac the top tier division. Produce 3 cars (Cadillac CTS, STS, & Corvette) and 1 SUV/Truck (Escalade). The XR already uses Corvette’s frame and engine technology, so its a good fit. After that, the primary job would be negotiating fair contracts with the union, moving the plants and all parts makers back to the US and make high quality cars. The #1 problem with the US automakers is that they lost their reputation for quality in the late 70s and 80s to the Japanese and Germans. They have to change that image problem.

Moving jobs back into the US will give the automakers back something they lost, company loyalty = more cars sold. When factory workers get paid decent wages for the work they do, they typically will purchase their company’s products, thus creating a base of sales. When the auto maker’s moved factories away (NAFTA), the ex-workers no longer had company loyalty nor the jobs to pay for new cars. Foreign labor costs about 5% of what US labor costs, so since the price of cars didn’t drop significantly, the profit rose. However, if you don’t sell cars, that high profit margin (not to mention the crap quality) means nothing.

Bailouts = socialism.

Get used to it folks, the USA has become a socialist nation. Its all downhill from here, straight into the crapper. Maybe I need to move to Ireland.

goat on December 4, 2008 at 12:19 AM

Exactly right. Perfect.

All this whining about the execs flying in on private jets is a big red herring. Typical stupid Dim propaganda.
The problem is the UAW. Kill it, as well as the entire regressive Dim pro-union agenda and the problems will solve themselves.

TexasJew on December 3, 2008 at 11:49 PM

All the more reason to contact your representatives and senators to block the card-check legislation in Congress. The Dems are happy to seize power by coercing every employee to be forced into a union. Their best voting blocs are the sheep of the UAW, the UMW, the NEA, and the service and government unions sectors that have gouged the taxpayers with higher prices and higher taxes.

But I do like the idea of keeping them going until January 20 and then letting Obama handle it all.

Anyone with more knowledge on (Nardelli?)

I seem to recall that Nardelli didn’t actually lose money at Home Depot, but he was apparently content to settle for single digit growth which did not please Wall Street.