The cause of the auto market collapse has little to do with the recession. All the recession did was cause the entropic path the big three are on to decay faster. The reason for this decay is twofold. 1.)They make crappy cars. 2. and obviously more important since Suzuki, another maker of crappy cars, is still in business) Their pay levels and associated employment benefits(Primarily the latter) are not competitive. Thus, it made eminent sense to curtail wages.

Turn to AIG et al. Their collapse had jack all to do with the wages paid to workers and EVERYTHING to do with practices endorsed both de jure and de facto by the U.S. government. Thus, there was no real need to include such stipulations since their pay scales had no connection to their problems. They could have paid all their execs $1 a year and they still would have collapsed like a house of cards.

iamthewitness.com

This is sick. Why in the world are we helping these companies that keep sending millions to people who do not know how to run a company? They cry yet get paid millions on the “average joes” taxes. Furthermore, I fear this is just the tip of the iceberg. Look what Enterprise rent-a-car did to get bailout funds:

http://www.butasforme.com/2009…..out-money/

Not to make excuses for these people, but the bailouts are making crooks out of everyone that touches the money.

if we are lucky we get crumbs while the banksters get hundreds of billions.

If we can get some important structural changes it will be worth it.

Health care reform.
Card-check unionization.
Universal savings accounts.
Financial industry regulations.
Stop Rs from kicking everybody out of their homes when they lose voter reg.
Save car companies to protect people and keep manufacturing base.
Enable competition to oil to free us from foreign dependence.
etc.

If Obama (the buck stops with him) keeps this bullshit going for much longer, Chuck Norris will be President of Texas. Is this a joke?

Would that be a bad thing? Just think, no more US presidents from Texas.

Yes of course, that’s clearly what is needed, but why not also spell out the case for retrieving the ’bonuses’ and your historical precedent of the UAW w/r/t TARP as well? I really doubt my comments to the petition will be read by staffers, though the petition text likely will be.

The conservatives got lots of mileage over the mythical welfare queen, driving her Cadillac at the taxpayers expense. Where is their outrage now that we have real welfare queens that dwarf any they imagined previously?

I would like to see President Obama take some action to prevent this. Expressing outrage is not enough. Some ideas about how this could be prevented are already showing up online:(link, Link). If no action is taken, I suspect some of that populist justified anger will rub off on the Obama Administration.

If the politicians in Washington where Nascar drivers, which ones would have the biggest Wall Street bailout company logos on their cars and uniforms? What actions have they taken to stop this outrage?

The answer, well duh…

How long before Americans start to realize that NONE (how did Geithner get that job anyway, Obama the hero?) of them are above being dishonest, to playing for one side only(hint hint not the American people).

Until we realize it’s really us vrs. them, we are going to lose each and every time…