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| Politics Forum Index » Democrats (House) Politics Forum » Auto Workers… Welcome Aboard The SS We Got Screwed By... |
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| Leroy N. Soetoro... |
 Posted: Sat Oct 31, 2009 6:57 pm |
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http://lezgetreal.com/?p=7414
On Monday, President Obama rolled out his plan to save the failing U.S.
automakers and while it has been a prime rib lunch for the bankers, it
could be the soup line for many autoworkers, as Obama said no we can’t
to the reorganization plans of General Motors and Chrysler.
Blaming what he said was a failure of leadership, from Washington to
Detroit for bringing the automakers close to collapse, Obama made it
clear he is willing to offer some degree of support to General Motors
and Chrysler but warned they must restructure much faster or end up in
bankruptcy court.
Obama’s experts concluded last week, that the Chevy Volt, the electric
car being developed by General Motors is too expensive to survive in the
marketplace and declared that GM was still relying too much on high-
margin trucks and SUVs, and that Chrysler’s best hope was to merge with
a foreign automaker, Fiat. They also decided that GM CEO Rick Wagoner
needed to go.
Obama has given GM 60 days to determine what to do about its massive
amounts of debt, get concessions from workers, slash dealers and cut its
list of auto brands. The company also must prove it can make money in a
normal sales market.
Chrysler is pretty much on its own and has just 30 days to complete its
proposed deal with Italian car maker Fiat, or else federal funding will
dry up. The administration said it has determined that Chrysler can’t
make it as a stand-alone company.
HOPE?
What we are asking is difficult, Obama said in his announcement of the
auto plan Monday morning. It will require hard choices by companies. It
will require unions and workers who have already made painful
concessions to make even more. It will require creditors to recognize
that they cannot hold out for the prospect of endless government
bailouts Only then can we ask American taxpayers who have already put up
so much of their hard-earned money to once more invest in a revitalized
auto industry, he said.
GM’s new CEO, Frederick Fritz Henderson, said Monday after Obama’s
announcement, that the government’s increasing demands that GM get debt
off its balance sheet means there is a very high risk that the company
will have to reorganize through bankruptcy.
Henderson told reporters on a conference call that the company still
would prefer to restructure outside of court. We need to move faster and
even deeper, he said. Our job is to run with that.
The unemployment rate in Michigan is currently 12%. Michigan voted
overwhelmingly for Obama last November’s election in the HOPE that Obama
would help turn those numbers around, but a GM bankruptcy, a Chrysler
liquidation and Obama’s plan to close more auto dealerships and
factories can only make that figure grow.
Autoworkers We LGBTI’s feel your pain.
On Fox News Sunday this past weekend, Secretary of Defense Robert Gates
was asked why there is currently money in the 2010 budget to keep
enforcing the military’s Don’t Ask, Don’t Tell (DADT) policy,
particularly since Obama has promised the LGBTI community he would
overturn it.
Gates said It continues to be the law. And any change in the policy
would require a change in the law. We will follow that law whatever it
is. That dialog though has really not progressed very far at this point
in the administration. I think the President and I feel like we’ve got a
lot on our plates right now and let’s push that one down the road a
little bit.
So it would now appear that the autoworkers will be joining us LGBTI’s
aboard the SS those who backed Obama during the election and got really
screwed this week by him.
Note that thanks to Obama's competence, GM is happily opening new
manufacturing facilities in China, and more American auto workers have
since been kicked to the curb.
He did the same thing to workers in Iowa, AFTER he suckered them into
voting for him.
--
Nancy Pelosi, Democrat criminal, accessory before and after the fact to
Rangel's tax evasion. |
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