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Post Number: 1
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TheCatt 
Top 2%

Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Dec. 11 2008,14:21 |
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I hate Congress.
-------------- It's not me, it's someone else.
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Post Number: 2
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TPRJones 
I saw The Fault in our Stars opening night.

Group: Privateers
Posts: 12384
Joined: May 2004
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Posted on: Dec. 11 2008,14:48 |
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I'm hoping not. It's pretty clear that most everyone in the country outside of Detroit hates the idea. I'm - perhaps foolishly - hoping that our representatives in Congress will actually, you know, represent us for once.
-------------- Vidi Perfutui Veni
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Post Number: 3
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TheCatt 
Top 2%

Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Dec. 11 2008,14:54 |
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I'm hoping not, but I'll put money on it.
-------------- It's not me, it's someone else.
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Post Number: 4
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thibodeaux 
RAG

Group: Privateers
Posts: 6494
Joined: May 2004
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Posted on: Dec. 11 2008,14:59 |
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No Congressman can resist the power of the Dark Side.
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Post Number: 5
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TheCatt 
Top 2%

Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Dec. 11 2008,16:01 |
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I contacted both of my senators to let them know my feelings.
My company's going under, where's our bailout? Â And hell, we were profitable. Â GM hasn't been able to say that since 2004. Â And you can't tell me the economy was in the shitter in 2005, 2006, or 2007.
Edited by TheCatt on Dec. 11 2008,16:01
-------------- It's not me, it's someone else.
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Post Number: 6
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thibodeaux 
RAG

Group: Privateers
Posts: 6494
Joined: May 2004
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Posted on: Dec. 11 2008,16:09 |
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"There's a great deal of ruin in a nation."
Our government seems hell-bent to find out just how much.
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Post Number: 7
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Malcolm 
I disagree.

Group: Privateers
Posts: 27168
Joined: May 2004
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Posted on: Dec. 11 2008,16:10 |
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Much as I don't want it to happen, it'll probably occur.
-------------- Diogenes of Sinope:
"It is not that I am mad, it is only that my head is different from yours."
"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."
Arnold Judas Rimmer, BSC, SSC:
"Better dead than smeg."
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Post Number: 8
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TheCatt 
Top 2%

Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Dec. 11 2008,16:24 |
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I will agree to a bailout on one term:
Every Congressperson that votes for it put up 100% of their assets into the bailout fund.
-------------- It's not me, it's someone else.
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Post Number: 9
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Post Number: 10
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Post Number: 11
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TheCatt 
Top 2%

Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Dec. 11 2008,20:38 |
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Stock market is down 4-5% in futures trading (ie what price it will open at in the morning)
-------------- It's not me, it's someone else.
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Post Number: 12
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TheCatt 
Top 2%

Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Dec. 11 2008,21:11 |
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What a pile of bullshit. QUOTE The proposal to loan $14 billion to Detroit's struggling automakers collapsed late Thursday night but the Big Three may get some money anyway.
Bush officials warned wavering GOP senators that if they didn't support the legislation, the White House will likely be forced to tap the Wall Street bailout to lend them money, two Republican congressional officials told CNN earlier.
This is a noteworthy change since the White House and Treasury Secretary Henry Paulson have previously refused to use bank bailout funds to help General Motors (GM, Fortune 500), Ford Motor (F, Fortune 500) and Chrysler LLC.
The sources asked not to be named because of the sensitivities of private conversations.
The White House negotiated a deal with Democrats to give Detroit a short term $14 billion loan with strings attached, including a so-called "car czar" charged with helping the companies draw up restructuring plans.
Most Senate Republicans opposed the plan as too weak in terms of focusing long-term viability for the U.S. auto industry.
As part of their full-court press to urge skeptical Republicans to back it, they made clear that if Congress didn't act, the White House would have to step in to save Detroit from collapse with funds from the $700 billion Troubled Asset Relief Program (TARP), according to the sources familiar with the conversations.
"I would only hope that the president, who has worked so well with us for the past several weeks, would now use consider using the TARP money," said Senate Majority Leader Harry Reid, D-Nev., after the vote.
One of the sources said the a White House official made clear to a GOP Senator that would be the worst option, because the loan could go to the auto companies with few or no requirements along with it.
-------------- It's not me, it's someone else.
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Post Number: 13
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TheCatt 
Top 2%

Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Dec. 11 2008,21:11 |
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Article
-------------- It's not me, it's someone else.
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Post Number: 14
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WSGrundy 
Group: "Members"
Posts: 1506
Joined: Jan. 2005
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Posted on: Dec. 11 2008,21:14 |
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The sad part is those 35 that voted no are just waiting for their rider to get attached to the bill.
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Post Number: 15
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Mommy Dearest 
Ask me about my TMD's.
Group: Privateers
Posts: 1396
Joined: May 2004
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Posted on: Dec. 11 2008,21:56 |
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(TheCatt @ Dec. 12 2008,00:11)
QUOTE What a pile of bullshit. QUOTE The proposal to loan $14 billion to Detroit's struggling automakers collapsed late Thursday night but the Big Three may get some money anyway.
Bush officials warned wavering GOP senators that if they didn't support the legislation, the White House will likely be forced to tap the Wall Street bailout to lend them money, two Republican congressional officials told CNN earlier.
This is a noteworthy change since the White House and Treasury Secretary Henry Paulson have previously refused to use bank bailout funds to help General Motors (GM, Fortune 500), Ford Motor (F, Fortune 500) and Chrysler LLC.
The sources asked not to be named because of the sensitivities of private conversations.
The White House negotiated a deal with Democrats to give Detroit a short term $14 billion loan with strings attached, including a so-called "car czar" charged with helping the companies draw up restructuring plans.
Most Senate Republicans opposed the plan as too weak in terms of focusing long-term viability for the U.S. auto industry.
As part of their full-court press to urge skeptical Republicans to back it, they made clear that if Congress didn't act, the White House would have to step in to save Detroit from collapse with funds from the $700 billion Troubled Asset Relief Program (TARP), according to the sources familiar with the conversations.
"I would only hope that the president, who has worked so well with us for the past several weeks, would now use consider using the TARP money," said Senate Majority Leader Harry Reid, D-Nev., after the vote.
One of the sources said the a White House official made clear to a GOP Senator that would be the worst option, because the loan could go to the auto companies with few or no requirements along with it.
Okay with me. Bail out the banks unconditionaly may as well bail out the automakers.
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Post Number: 16
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Cakedaddy 
Group: "Members"
Posts: 6241
Joined: May 2004
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Posted on: Dec. 12 2008,00:02 |
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Detroit WILL be bailed out. WWWAAAYYYY too many union votes to lose. Democrats have been buying the union vote since. . . I have no idea when. But it's been a long time.
Letting them go down would hurt. A TON. But, then they can come back in a new, more efficiant form. It's not like GM would just disappear. It would be reborn as something different. Hell, maybe even something better. And then everyone goes back to work at fair rates and life moves on.
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Post Number: 17
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unkbill 
The Mope.

Group: "Members"
Posts: 4058
Joined: May 2004
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Posted on: Dec. 12 2008,05:13 |
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Ya unions bad. Same old story. Unions give up 40% of thier wages to save company. Execs are going for deferred payment of wages. Which mean they will recieve all thier pay. Lets get rid of unions and union contracts the CEOs will make sure the workers recieve fair pay. Bullshit. How many company execs will work without a contract. Come up with a better way than unions. And don't give me the crap about there are laws now. That is BS in the highest form. The trickle down effect doesn't work anymore. The only thing that trickles down is the cum down the workers leg after the company or exec fucks them.
-------------- In marriage there is always one person right. And the other one is the husband.
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Post Number: 18
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TheCatt 
Top 2%

Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Dec. 12 2008,05:33 |
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The financial crisis wasn't about bailing out the banks, it was about making sure we didnt end up in the Great Depression 2.0.
The auto companies have a chance to simply reorganize under bankruptcy protection. That's what it's for. There will be some pain, but it won't be 3 million jobs or whatever bullshit they've been claiming.
-------------- It's not me, it's someone else.
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Post Number: 19
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Post Number: 20
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