In response to:

Obama's (Un)American Auto Bailout

jbaker199 Wrote: Sep 05, 2012 2:44 PM
How many of y'all work for GM? There are a bunch of regular people, with regular families , goals, and dreams,with good kids at all of these companies. There are 10's of thousand of your fellow Americans who have the opportunity to go to work every day because of the bailouts. I agree that the whole idea of "too big to fail" is hard to swallow, but the hard truth is, these companies are too big to fail. I think the issue of the amounts that the bailed out companies have paid back is up for debate, depending on your leanings.
Demosthenes5 Wrote: Sep 05, 2012 5:20 PM
Outside of the DNC, the UAW is the most overpaid group of unskilled labor on the face of the planet. I grew up w/ said families and it was obscene- I knew that the UAW's unreasonable demands on the "Automotive Industrial Complex" were unsustainable and would lead to the near demise of the Michigan economy over 25 years ago. Hence, I earned an out-of-state scholarship, escaped the state and watched the demise I predicted over 25 years ago.

I have no sympathy for the UAW or its "rank and file" membership of overpaid, underworked, unskilled, entitled "dinosaurs".
Alan176 Wrote: Sep 05, 2012 3:34 PM
That's bull.. Current bankruptcy law on the books would have been adequate for GM to reorganize and continue. But under that route, the unions would have had to take a haircut and the Organizer in Chief would not have that.
JTGA Wrote: Sep 05, 2012 2:55 PM
Why should I have to pay for insurance for union workers when I can not afford to insure my wife and me?
Why sould I have to subsidize a 30/hr paycheck when I make a fraction of that?
Joseph64 Wrote: Sep 05, 2012 3:01 PM
Because the auto industry is the backbone of any modern economy and if GM and Chrysler had failed it would affected more than just GM and Chrysler. Do you have any idea how many companies are in the supply chain of a major automaker? If GM goes under and all the plants are closed then the whole supply chain is disrupted and Ford, Toyota, Nissan, Volkswagen, Mercedes-Benz, and every other car company that has a plant in America has to go down, too, when they can't get parts and many of those smaller suppliers also serve other industries besides just the automakers so the ripple effect on the economy would be massive.
Harold15 Wrote: Sep 05, 2012 3:15 PM
I'm a union member (not by choice) and I can not afford to buy insurance. I was a member of one union and had signed up for my companies healthcare plan. A week later, I was informed that I was switched to a different union and would have to sign up under that union. I checked it out and discovered that under the new union, the very same healthcare plan would cost me 43% more than it would under the other union. Guess which union I now belong? The union that claims they are out to help the American Worker make life easier: SEIU!
jbaker199 Wrote: Sep 05, 2012 3:42 PM
Why do you think you are paying for their insurance?
Joseph64 Wrote: Sep 05, 2012 4:01 PM
Demosthenes5 Wrote: Sep 05, 2012 5:22 PM
SEIU? How does it feel to be amongst public union thugs w/ an avowed Socialist for a Union President?
Demosthenes5 Wrote: Sep 05, 2012 5:36 PM
Earth to J64:
Toyota is the biggest car manufacturer in the world (far surpassing GM) and their US plants have plenty of parts suppliers.
Joseph64 Wrote: Sep 05, 2012 7:45 PM
And you realize that many of those parts suppliers are shared with GM, right?

CHARLOTTE, N.C. -- Cue "Fanfare for the Common Man" and rev up the Government Motors engines. Wednesday is Great American Auto Bailout Day at the Democratic National Convention. Party propagandists have prepared a prime-time-ready film touting the "rescue's" benefits for American workers. UAW President Bob King will sing the savior-in-chief's praises.

But like all of the economic success stories manufactured by the White House, the $85 billion government handout is a big fat farce.

"I said I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back," Obama bragged...

Tuesday, June 18 | 09:55 PM ET
Tuesday, June 18 | 09:55 PM ET
Tuesday, June 18 | 09:55 PM ET
Tuesday, June 18 | 09:55 PM ET