View Single Post
  #41   Report Post  
posted to rec.boats
Canuck57[_3_] Canuck57[_3_] is offline
external usenet poster
 
First recorded activity by BoatBanter: Jun 2008
Posts: 195
Default O's 50 Billion Plan


"Eisboch" wrote in message
...

So now Obama has recommended emergency loans to GM, Ford and Chysler and
is also pushing for a $50B bailout package to tide them over for a while.
Here's a quoted passage from the article:


Government Motors.

Once they start sucking, they will all want a teat and suck hard. Canada
has some experience with it. It is such a relief when they go out of
business or get bought out for 5 cents on the dollar.

"If the plan were to offer no strong guarantees against layoffs it would
likely draw fire from unions. But Obama advisers have been persuaded that
the impact on current workers and retirees would be staggering if the
companies went into bankruptcy."


I don't mean to sound calious. But how come they didn't think about this
some 10, 200 or 30 years ago while they ran down the company that was once
the worlds biggest company?

A little late now. GM and Chrysler are so far in debt they can't afford to
lay people off an pay severance.

Kind of like the wolf that just ate the chicken complaining of no chickens.

Here's what I don't understand.

To the best of my knowledge, only 12 percent of the total American
workforce is Union. Obviously the number of union auto workers is a much
smaller percentage.

So, Obama thinks that the taxpayers should cough up $50B to save the jobs
of a relatively small percentage of the workforce?

What about the millions of people working in non-union small businesses?
They are being affected by the economic slowdown as much as the auto
industry's union workers. Are they going to get a dedicated and specific
bailout as well to keep the companies they work for in business?


Quite easy to understand, pigs are at the trough and want non-union workers
to pay like a tax to keep union workers and bad managmeent in place. In
fact, every mismanged company and city ou there is lined up to take our
money via the government cofferes.

Those unfortunate enough to get laid off due to work slow downs typically
apply for unemployment benefits and try to find a new job. Why do the
employees of GM, Ford and Chrysler deserve more consideration?


They don't, but they make lots of noise.

Does the person elsewhere in the economy get special consideration?

Is this part of the "share the wealth" plan?

Eisboch


Share the wealth. Yep, from our pockets to theirs without sane reason other
than socialist greed. Socialism is a great ideal, as long as someone else
pays for it.

If a politician had any guts they would tell these parasites to screw off.
You made your bed now live with it or go out of business. The free money
government till is closed.