We can see how it’s gonna be. If Obama thought that he could run a “nonpartisan” administration, I hope he’s had second thoughts. He’s going to have to fight these fuckers and defeat them. They don’t go down easy.

And the money given away by the pallet load in Iraq.

Time to invest is pitchfork factories.

Pretty dangerous game of chicken these ignorant bastards are playing.
Once the process starts, you are not going to stop it.

Afuckingmen.

Digg

The last paragraph is what I have been saying ever since the car people first started talking about coming down to DC. For banking and insurance executives, no oversight, business and bonuses as usual, not to mention “retention” money for keeping these bad managers at the helm.

Then come the car people looking for nickels and dimes and Fuckin’ Fuggedaboudit.

Incredible.

if the auto industry goes under the republicans are going to hear it their next election, there is no way they can survive an election letting gm or chrysler go under, the demcrats will brutalize them

this needs to be made clear and you watch them fall in line like little wood soldeirs

unless of course the democrats don’t really want this deal, then they’ll just let the republicans do whatever they want to do

I doubt that Bush and the Republicans want to have tied around their neck the legacy of putting under quite possibly the largest manufacturing operation in the US, not to mention the 3 million jobs. Why are they doing this? Doesn’t make sense to me.

Makes me think they are playing hardball to get pork.

We can see how it’s gonna be. If Obama thought that he could run a “nonpartisan” administration, I hope he’s had second thoughts. He’s going to have to fight these fuckers and defeat them. They don’t go down easy.

Just thought it was worth repeating.

I’m actually not a fan of the 7 year term of the proposed loans in the proposal. I don’t want this deal to fail, but I really do think that the bill should be designed to facilitate and bridge to a comprehensive intervention directed from the Obama WH within the next quarter.

There were five of the rethugs up on C-span a little while ago making their threats to stop it.

They want Obama to fail, they don’t care if they lead us into another great Depression. They want power. They figure they can obstruct for 4 years and then get a Gooper pres. That’s my theory.

ABC playing up the Obama-BLagojevich angle. So do we know anything more about this, Gibson asks. Nope, replies the reporter, the head of the RNC has demanded that these be disclosed. That there aren’t really any and no evidence of any pretty much goes by the board.

House 1 hour debate until vote, 1 ammendment

I think this “anti-union” bias is going to hurt the Republicans in this deteriorating economy…they will look like hypocrites who were willing to give hundreds of billions to banks and investment giants without any oversight, and are balking at saving and helping retool an industry that has millions of worker’s jobs on the line…

I think, like the whole anti-gay, anti-abortion, anti-immigrant tack these right-wingers use, this attitude of total hostility to the US worker is gonna come back to bite them in the ass.

One can always hope anyway…

I’m wondering whether this is mostly coming from southerners? And BTW, Ford’s Mulally has been a regular campaign contributor to McConnell’s campaign committee. So much for loyalty.

If that’s their plan they had better take a course in “how to win friends and influence people” because they are going to need it.

the rethugs are going to kill the car bailout and then blame it on the evil socialist labor unions, whose members make $70 an hour.

It seems the Feds aren’t going to approve GMAC becoming a bank so they can’t get any TARP money either.

The Fed is requiring GMAC to pull together at least $30.0 billion, among other things, and that participation in the offers would be approximately 75.0%.

The offers are part of GMAC’s effort to buy or swap $38.0 billion of debt held by its divisions and mortgage business, ResCap, for cash, new notes or preferred stock. So far, only about $6.3 billion, or 22.0%, of the outstanding GMAC notes have been tendered and about $2.0 billion, or 21.0%, of the outstanding ResCap notes have been tendered, GMAC said.

If the firm can’t meet the requirements, the Fed won’t approve its application, keeping GMAC from having any chance of taking a slice of the U.S. government’s tasty $700.0 billion pie. It also may need to close the mortgage business altogether in order to prevent the whole company from filing for bankruptcy.

When GMAC announced its application last month, it told Forbes.com it’s planning to use the government’s expected Troubled Assets Relief Program funds to reach the minimum capital needed to transform itself into a bank.

http://www.forbes.com/markets/…..ss_markets

The Big 2.5

are dead. Repeat, fucking dead.

Give them some money so they can survive for a few months.

And then come back. For more money.

Dead. As in dead.

I think I can still detect a slight pulse.

Yeak, Kashkari sounded very hostile to the idea laying out all the hoops GMAC would have to jump through and making no exception for it the way it has done with AIG or Citi where deals were made fast, in the dark, over the weekend, without regard to any standing rules.

If nothing else, this whole auto bailout brouhaha is revealing how chillingly corrupt and economically delusional the GOP really is — even after getting their asses handed to them the past two elections.

The GOP cares more about ‘investors’ than it does about ‘citizens’.
Always has.
Always will.

‘Citizens’ all happen to be Americans.
“Investors’? Not so much.
The irony…

The Big 2.5

are dead. Repeat, fucking dead.

Then so is a significant chunk of our economy.

He may be doing his work. At the end of the linked film something pretty interesting is said
http://info.detnews.com/video/index.cfm?id=1189
Someone linked to it early this AM. Can’t remember who. hat tip to anonymous

No one needs to look further for the “Real Class War” than this.

I don’t often do the Oxdown Diary whore bit, but I do touch on the lie of the “$70 per hour” in this diary.

Ian if your around, it would be very interesting if someone could get the UAW guy to visit us here.

This link from earlier fits right in with that shows how full of shit these hypocrites are.
http://www.autoblog.com/2007/0…..rst-time-l
Another hat tip to annonymous 2

thank you barney frank and chris dodd , you rotund little whores, for giving our treasury away to the very few. ugh

Will BO be able to see the books of co’s that took bailout money?

thanks. This is precisely why I have absolutely zero confidence in Big 3 management, and why I’m frankly dubious about bailing them out except on a quarter-by-quarter pay-as-you-go basis while they’re still being run by the same bunch of rethug CEOs (and, yes, they’re all hardcore rethug donors).

I notice my Bluedog congresscritter (DINO-Ok Boren) didn’t vote against the bailout. He must have been really torn. Right to work state on one hand, GM plant in Ok City on the other hand. He surprised me.

Bush is not through f**king us over. He has just spent a couple of hundred billion for next year but I wonder if the big 2 1/2 will be helped?
http://wonkroom.thinkprogress……ate-taxes/

I’m starting to thing the dems don’t want a deal myself. This is bull shit. These turds were just crushed and the dems still can’t defeat them? What a bunch of chicken shit bastards.

Michaud voted AGAINST it? He’s an old union paper mill worker for God’s sake!

Unfortunately we are still dealing with the 110 congress/ New people come in Jan 6

My Congrescritter is up now – Ed Perlmutter

Is Mr. Wagnor sure he can’t wait till Jan 20 for the bailout? Should we be jamming their phone lines? We their “future customers”. If GM comes out of this with a tarnished reputation then they won’t sell their cars any ways.

late to the thread and haven’t read the comments yet, but in case this hasn’t been posted…. here are some details:

house rules committee had an emergency meeting today at 12:45 pm.
rule H.RES. 1534 was reported out.

H.R. 7321 – Auto Industry Financing and Restructuring Act (has not been posted yet on thomas, expected link will be: HR 7321)

1. Structured rule.

2. Provides one hour of debate equally divided and controlled by the chairman and ranking minority member of the Committee on Financial Services.

3. Waives all points of order against the bill and against its consideration.

4. Provides that the bill shall be considered as read.

5. Provides that the amendment printed in the Rules Committee report shall be in order if offered by Rep. LaTourette or his designee.

6. Provides that the amendment made in order shall be considered as read, shall be separately debatable for 10 minutes equally divided and controlled by the proponent and an opponent, and shall not be subject to a demand for a division of the question.

7. Waives all points of order against the amendment printed in the report.

8. Provides one motion to recommit with or without instructions.

9. Provides that, notwithstanding the operation of the previous question, the Chair may postpone further consideration of the bill to a time designated by the Speaker.

SUMMARY OF AMENDMENT TO BE MADE IN ORDER
(summary derived from information provided by sponsor)

1. LaTourette(OH)/Greene(TX): The amendment requires that any lending assistance provided under TARP or EISA to an insured depository institution shall report the amount of any increase or decrease in new lending attributed to the TARP or EISA assistance. If the institution cannot provide an accurate report, the institution shall report the total amount of increase or decrease in overall new lending in its quarterly reports.

from today’s floor summary:

at 5:29pm, the vote on H RES 1534 was delayed and then at 6:12pm, passed 225 to 179.

debate on H.R. 7321 began at 6:17pm.

700 billion dollars was given directly to the financial sector, another 7 trillion or so was used by the Fed to support the financial sector, and the banks and brokerages used that money to give themselves 70 billion dollars in bonuses for wrecking the economy. But twenty-five billion to save 3 million jobs and a major industry? Forget it.

but don’t you dare say there is class warfare in America unless you’re talking about supporting progressive taxation.

I think I can still detect a slight pulse [in America’s car companies].

It’s the very weak ‘heartbeat of America’.
It appears Republicans want to kill America.

It appears Republicans want to kill America.

Voinovich is going to hear about it, that is for certain. Ohio unemployment is expected to hit 8.7% next year, and after DHL pulled anchor and sailed away, if places like Lordstown fold, Ohio goes a deeper shade of blue in 2010.

Kill America? Hurt it, sure, but not kill it. Kill the Republican Party for a generation is more like it.

What you said. If this thing goes down, Ohio will probably take an even bigger beating than it already has.

If this Pelosi/Bush bill goes through GM will be done by St Patrick’s day, it will not live through Bush’s conditions. Chrysler/Cerebrus will be saved to protect the Carlyle group at least long enough to sell off the parts. Ford will be the last one standing, at least long enough to finish off the UAW. God help all the GM retirees.

I hope the UAW remembers its roots, and stages a sit-down strike.

Caw!

I doubt it, Reuther is probably spinnning in his grave.