Comments on: Friend of Angelo Senator wants GM head to quit for bailout

By: herself

herself — Tue, 09 Dec 2008 06:40:03 +0000

10 step automotive bailout plan – first cut.

1) Be men, admit you’re broke, and declare bankruptcy.

2) Use the bankruptcy to rid yourself of bad union deals including excessive pension plan provisions and layoff provisions.

3) Chop all CEO down to Vice-President level bonuses except perhaps in the technical design and development corporate chain.

4) Rebuild corporate leadership to have a far more consumer responsive character. (GM – forget it. It’s been dead for 40 years I know of and just running on momentum. Ford and maybe Chrysler have a chance.)

5) NOW ask Congress for a loan with no sweetheart provisions. The loan payback priority must be above every other expense except taxes.

6) Congress MUST generate a law that declares closed shop deals are no longer allowed in the United States.

7) Allow the automakers to renegotiate with unions and non-union people for jobs for contracts that reward workers no higher than what is being paid in non-union Toyota, Honda, and other plants in the US.

8) Pay back on schedule with its interest. Have the IRS as the collection agency accepting payment with tax payments.

9) If the company pulls through they must maintain this ongoing effort to respond to customers and avoid bloated payrolls.

10) Emerge from bankruptcy renewed.

{^_^} Hey, I can dream, can’t I?

By: Friend of Angelo Senator wants GM head to quit for bailout « Top Daily Digest Reading

Tue, 09 Dec 2008 06:25:17 +0000

[...] Continued here. [...]

By: ThePrez

ThePrez — Mon, 08 Dec 2008 22:46:33 +0000

Stories like these have me thinking of the corruption of the Roman Senate.

By: Owen Glendower

Owen Glendower — Mon, 08 Dec 2008 20:53:40 +0000

Why aren’t Dodd & Frank in jail?

And I read this morning that the UAW might “suspend” the so-called “jobs bank” program in exchange for an equity share and seat on the GM board. Great head fake, guys.

Chapter 11 might be the best solution after all, because I assume that new management could go in and say, “Jobs bank? What jobs bank? Union contract and work rules? What contract? What rules?”

Because of its 4th-generation, 5th-rate management, my former employer went into Chapter 11, burned through short-term refinancing in 3 months, and was purchased by another company. All employees were promptly informed that they could consider themselves terminated. Almost all were hired back, but starting over at ground zero allowed the new management to keep the place going–and slightly profitable–for a few more years. Needless to say, the union had no say in anything that was done, since the company with which they had previously had a contract no longer existed.

By: reshas1

reshas1 — Mon, 08 Dec 2008 20:49:56 +0000

bluejacket on December 8, 2008 at 11:35 AM

ROFLOL.. I almost fell off my chair when I heard the dancing queen song on Rush last week… Tee Hee

By: oakpack

oakpack — Mon, 08 Dec 2008 19:56:03 +0000

Just looked up irony in the dictionary. It just had pictures of Dodd and Frank. hmmmm

By: ernesto

ernesto — Mon, 08 Dec 2008 19:42:30 +0000

Hey Barney, how about YOU and DODD stepping down, since you presided over the Fannie and Freddie fiasco that started this whole mess!! Everyone should start lobbying for their removal! hopefloats on December 8, 2008 at 12:54 PM

Except they weren't. Sure they are culpable in supporting the status quo with regards to fannie and freddie, but they did not preside over it. That job went to the republicans controlling congress at the time.

By: Iblis

Iblis — Mon, 08 Dec 2008 18:58:41 +0000

When Dodd resigns and releases his records, and is thrown in prison, then we can worry about who runs GM.

There, fixed that!

One of these guys should have the balls to call out Dodd, Frank and his Fannie buddies for causing all of this. The fact that there hasn’t been a divine airstrike either proves Allah is right, or God has a twisted sense of humor. Given the giraffe, I’m going with option b.

By: TrickyDick

TrickyDick — Mon, 08 Dec 2008 18:49:03 +0000

When Dodd resigns and releases his records, and is thrown in prison, then we can worry about who runs GM.

There, fixed that!

By: Rick007

Rick007 — Mon, 08 Dec 2008 18:07:25 +0000

Many Borrowers Re-Default After Mortgage Is Modified

What the hell did people expect with the “O” Dumbo going to bail them out.

I’ll gaurentee you 70% are sitting on their money waiting for the Great “O” Dumbo.
Why pay when he is going to get you the house fron sombody elses tax dollars!!!!!!!!!!!!!

By: hopefloats

hopefloats — Mon, 08 Dec 2008 17:54:48 +0000

Hey Barney, how about YOU and DODD stepping down, since you presided over the Fannie and Freddie fiasco that started this whole mess!!

Everyone should start lobbying for their removal!

By: petefrt

petefrt — Mon, 08 Dec 2008 17:32:47 +0000

Watch the Dem’s put a rider on any bill bailing out the auto Co’s to include monies for the MSM that is going under.

Rick007 on December 8, 2008 at 11:57 AM

I expect them to attempt an MSM bailout. My only doubt is whether we can raise enough stink to prevent it from happening.

By: ex-Democrat

ex-Democrat — Mon, 08 Dec 2008 17:30:12 +0000

Can you imagine if all these wankers were Republicans?

The media stories would never end.

Oh, who am I kidding. The media won’t even identify Wm “ziplock” Jefferson or the-latest-corrupt-Detroit-mayor as Democrats.

Let’s roll.

By: Rick007

Rick007 — Mon, 08 Dec 2008 16:57:29 +0000

Watch the Dem’s put a rider on any bill bailing out the auto Co’s to include monies for the MSM that is going under.

By: entagor

entagor — Mon, 08 Dec 2008 16:56:52 +0000

Maybe I missed this but who has Dodd asked to be fired from Congress for getting us into this mess to begin with?

grdred944 on December 8, 2008 at 11:55 AM

the pages?

By: grdred944

grdred944 — Mon, 08 Dec 2008 16:55:32 +0000

Maybe I missed this but who has Dodd asked to be fired from Congress for getting us into this mess to begin with?

By: entagor

entagor — Mon, 08 Dec 2008 16:55:18 +0000

I was speaking metaphorically

By: entagor

entagor — Mon, 08 Dec 2008 16:54:37 +0000

Then I want the head of Barney Frank on a platter

I don’t want Dodd’s head, it is too big

Just hit him with a shovel and be done with it. They are a drain on our economy

By: scalleywag

scalleywag — Mon, 08 Dec 2008 16:42:51 +0000

Why is it no one in the MSM will ask if what’s good for the GM goose is good enough for Congress’ gander?

drjohn on December 8, 2008 at 11:32 AM

The do if it has a R after it’s name.

By: scalleywag

scalleywag — Mon, 08 Dec 2008 16:40:07 +0000

And let me say this: where I work there are only a couple of ways you can qualify as an “extraordinary” contributor…save the place a bazillion dollars a year, or invent something the place can make a bazillion dollars selling. The standards should be no different for elected officials.

There. Must go try and lower blood pressure.

By: Chris Dodd Wasnts GM’s Wagoner To Resign But Where Is His Outrage Against Angelo Mozilo? | Right Voices

Mon, 08 Dec 2008 16:39:16 +0000

[...] contributed to the financial disaster we call our economy, took sweetheart deals and he has the nerve to call for someone else’s resignation! Dodd, why don’t you and Teddy go grab yourselves another waitress sandwich! Instead of [...]

By: bluejacket

bluejacket — Mon, 08 Dec 2008 16:35:49 +0000

I can’t find an email for Barney Fwank..

reshas1 on December 8, 2008 at 10:20 AM

Try bankingqueen@us.house.gov

By: drjohn

drjohn — Mon, 08 Dec 2008 16:32:47 +0000

Why is it no one in the MSM will ask if what’s good for the GM goose is good enough for Congress’ gander?

By: scalleywag

scalleywag — Mon, 08 Dec 2008 16:32:25 +0000

You know all of us who work have something that’s called an annual review. If we got a good review, well, they keep us on. Not good? You’re put on a probationary period or tossed out altogether. I say we need legislation to start giving our congressional leaders annual reviews. Make them justify why we pay them to sit in our capital. Make them name their accomplishments for the year. Make them account for every dollar that went in their pocket. Make them name goals for the next year. Then hold them accountable. At their review they’re evaluated as a contributor, an extraordinary contributor, or below contributor. If they’re below, they’re out. No more of this, “well, yea I did take a few hundred thousand dollars from a mortgage lender that went under, but I’m also on this committee that decides if we bailout the big 3 or not, so cut me some slack” BS. Produce results or you’re out. Our country can’t afford these rump “leaders”. THEY WORK FOR US!

By: whitetop

whitetop — Mon, 08 Dec 2008 16:31:35 +0000

Voters: Please pay attention and recall these bastards.
Rest of world: If you need a legitimate reason to hate America, these men are it.