Comments on: McCain’s Lobbyist Cronies: Their Deregulation Push Set The Stage For The Meltdown http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/ Firedoglake weblog Wed, 25 Nov 2009 22:13:08 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: sunshine http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1642173 sunshine Mon, 22 Sep 2008 18:28:38 +0000 http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1642173 <p>Bush’s 1st Chief of staff came directly from General MOtors and they have had trouble since day one. By shrinking the auto co. with buyouts they are getting rid of union workers that made $30 or so an hour and replaceing them with wages of $15. an hour wage and (Delphi) hiring immigrants and paying them $7. an hour (in Mi). Who would ever go on strike that made only $7. an hour? You just could not afford to. The unions are now impotent in my view.</p> <p>GM gave millions of dollars to buy outs, gave millions to United Axel when they were on strike and they then did buyouts and GM gave away dividends up until this year. How can any one run a failing company that way and have their hand out for corporate welfare? I’ve seen the clip “Who killed the electric car” and that is another made decission they made. </p> <p>They used to be a good place for an all American jog, good pay, health benefits, paid holidays, retirements packages but a couple years ago they were being trashed by a Republican reporter: is Gm in the insurance business or in the business to make cars? </p> <p>Why should we bail out compainies that took our jobs overseas? Why? Why?</p> Bush’s 1st Chief of staff came directly from General MOtors and they have had trouble since day one. By shrinking the auto co. with buyouts they are getting rid of union workers that made $30 or so an hour and replaceing them with wages of $15. an hour wage and (Delphi) hiring immigrants and paying them $7. an hour (in Mi). Who would ever go on strike that made only $7. an hour? You just could not afford to. The unions are now impotent in my view.

GM gave millions of dollars to buy outs, gave millions to United Axel when they were on strike and they then did buyouts and GM gave away dividends up until this year. How can any one run a failing company that way and have their hand out for corporate welfare? I’ve seen the clip “Who killed the electric car” and that is another made decission they made.

They used to be a good place for an all American jog, good pay, health benefits, paid holidays, retirements packages but a couple years ago they were being trashed by a Republican reporter: is Gm in the insurance business or in the business to make cars?

Why should we bail out compainies that took our jobs overseas? Why? Why?

]]> By: sunshine http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1642140 sunshine Mon, 22 Sep 2008 18:16:36 +0000 http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1642140 <p>A very interesting article here. I have thought for a while that this adm has put idiots in place to hurt our ecomony/country on purpose. There must be laws against this? McCain cries against earmarks yet wants to bail out companies that are just way too big. No company should be so large that it takes 700 billion to bail them out. How about helping them with 25% of their problem? Why foot the entire amount?</p> <blockquote><p>Make no mistake: The working people, who are the victims of the financial parasitism of the ruling elite, will foot the bill to bail out those who have enriched themselves by plundering the social wealth. <strong>The massive expansion of budget deficits and the national debt as a result of this plan will be used to justify a brutal assault on basic social programs, education, housing and the wages, jobs, pensions, and health benefits of the working class.</strong></p></blockquote> <p><a href="http://www.wsws.org/articles/2008/sep2008/econ-s22.shtml" rel="nofollow">http://www.wsws.org/articles/2.....-s22.shtml</a></p> A very interesting article here. I have thought for a while that this adm has put idiots in place to hurt our ecomony/country on purpose. There must be laws against this? McCain cries against earmarks yet wants to bail out companies that are just way too big. No company should be so large that it takes 700 billion to bail them out. How about helping them with 25% of their problem? Why foot the entire amount?

Make no mistake: The working people, who are the victims of the financial parasitism of the ruling elite, will foot the bill to bail out those who have enriched themselves by plundering the social wealth. The massive expansion of budget deficits and the national debt as a result of this plan will be used to justify a brutal assault on basic social programs, education, housing and the wages, jobs, pensions, and health benefits of the working class.

http://www.wsws.org/articles/2…..-s22.shtml

]]> By: Quzi http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1642039 Quzi Mon, 22 Sep 2008 16:06:52 +0000 http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1642039 <p>Shock doctrine — exactly</p> Shock doctrine — exactly

]]> By: Ann in AZ http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1642038 Ann in AZ Mon, 22 Sep 2008 16:06:25 +0000 http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1642038 <p>Lindsay has an <a href="http://campaignsilo.firedoglake.com/2008/09/22/kissingers-lessons-for-palin-lobbying-in-disguise/" rel="nofollow">new post</a> at Silo entitled: Kissinger’s “Lessons” for Palin: Lobbying in Disguise?</p> Lindsay has an new post at Silo entitled: Kissinger’s “Lessons” for Palin: Lobbying in Disguise?

]]> By: Hugh http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1642022 Hugh Mon, 22 Sep 2008 15:47:31 +0000 http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1642022 <p>As I believe selise was the first to point out this is the essence of the Shock Doctrine.</p> As I believe selise was the first to point out this is the essence of the Shock Doctrine.

]]> By: Ann in AZ http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1642003 Ann in AZ Mon, 22 Sep 2008 15:31:03 +0000 http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1642003 <p>What concerns me is the calculated way that Paulson, etal, laid in wait in the tall grass until just now, before the debates and with such a short time left before the election to ask for this much $. Seems they were not blessed with much foresight for the heads of the Treasury and the Fed, eh?</p> What concerns me is the calculated way that Paulson, etal, laid in wait in the tall grass until just now, before the debates and with such a short time left before the election to ask for this much $. Seems they were not blessed with much foresight for the heads of the Treasury and the Fed, eh?

]]> By: BooRadley http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1641998 BooRadley Mon, 22 Sep 2008 15:25:18 +0000 http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1641998 <p>Thanks.</p> Thanks.

]]> By: BooRadley http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1641994 BooRadley Mon, 22 Sep 2008 15:23:51 +0000 http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1641994 <p>This is really excellent stuff. Now if only I could get my US Senators on the phone. </p> <p>Please feel free to ignore this, but it seems pretty obvious that Paulson is desperate to insulate Wall Street from 200 years of U.S. Bankruptcy law. </p> <p>OT, future regulation it seems to me has to pass the test of functioning as an early warning system. It’s clear that Bernanke and Paulson thought last week’s infusion of cash, along with the AIG bailout, would “work.” They have no clue where all the cash they keep pumping in, is going. </p> <p>I think we have to better understand the problem, where the cash is leaking, before we just throw money at it.</p> This is really excellent stuff. Now if only I could get my US Senators on the phone.

Please feel free to ignore this, but it seems pretty obvious that Paulson is desperate to insulate Wall Street from 200 years of U.S. Bankruptcy law.

OT, future regulation it seems to me has to pass the test of functioning as an early warning system. It’s clear that Bernanke and Paulson thought last week’s infusion of cash, along with the AIG bailout, would “work.” They have no clue where all the cash they keep pumping in, is going.

I think we have to better understand the problem, where the cash is leaking, before we just throw money at it.

]]> By: selise http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1641984 selise Mon, 22 Sep 2008 15:18:17 +0000 http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1641984 <p>i may be wrong about this, but my understanding was that one of the goals of g-s was to build fire walls between different parts of the financial markets - so that if one part blew up it would be less likely to bring the whole system down with it.</p> i may be wrong about this, but my understanding was that one of the goals of g-s was to build fire walls between different parts of the financial markets – so that if one part blew up it would be less likely to bring the whole system down with it.

]]> By: selise http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1641980 selise Mon, 22 Sep 2008 15:15:50 +0000 http://firedoglake.com/2008/09/22/mccains-cronies-did-mccains-lobbyists-screw-the-rest-of-us/#comment-1641980 <p>thanks. i like your suggestions much better than the original list.</p> thanks. i like your suggestions much better than the original list.

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