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Showing posts with the label automakers

Wow... wonder how this plays with GM-driving/loving conservatives?

Fuck Michigan, They Don't Vote For Us Anyway h/t - Atrios I'm not especially surprised that the Republican senators oppose a Big Auto bailout, though I am a bit surprised at the harshness of the rhetoric. WASHINGTON — Top Republican senators said Sunday they will oppose a Democratic plan to bail out Detroit automakers, calling the U.S. industry a “dinosaur” whose “day of reckoning” is coming. Their opposition raises serious doubts about whether the plan will pass in this week’s postelection session. Democratic leaders want to use $25 billion of the $700 billion financial industry bailout to help General Motors, Ford Motor and Chrysler. -------------------------------------------------------------- My take is that the Republicans are half right, GM is a freaking Dinosaur alright, so are a lot of other industries around the world, but most, unlike US industries, don't have to factor in the cost of health care for employees ( until they turn 65, when Medicare kicks in. Whi...