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  • A suicide bomber killed at least 55 people in Iraq today, after striking a crowded restaurant in northern Iraq. Kurdish officials and Arab tribal leaders were meeting there in an attempt to reduce historic tensions. — AP

  • The House of Representatives passed a $14 billion bailout for US automakers today, but GOP opposition might derail it in the Senate. — CNN
  • Every Democratic Senator and a number of Illinois leaders have called on Gov. Rod R. Blagojevich to step down. Some state lawmakers are looking for a way to remove him from office. — Chicago Tribune
  • While the UN has warned that Zimbabwe's cholera epidemic is getting worse, President Robert Mugabe declared that there is no cholera in his country. — BBC News

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Shadowdamage Shadowdamage 7 years
*blatant ARROGANCE and contempt for their own consumer.
Shadowdamage Shadowdamage 7 years
I agree, Mich, which is why I don't buy the cars, and I am generally unable to support the bailout.Organic, my point was directed not directly against you but I could have been more pointed in how I worded it, simply that I would never support an inferior product simply BECAUSE it was American. Its not my role in this world to support massive corporations, and it certainly isn't my role to support those who have steadfastly treated their consumers with disregard and contempt.(So I should have referenced, for instance, that dealership guy that was posted about recently..he definitely DID care that people "buy American".)I worry about the AFTERMATH either way, and I worry about the people that will lose their jobs either way. If a bailout doesn't happen, I worry what will happen. BUT....Ultimately, I've come to decide that throwing money at bad companies when good ones are struggling as it is, is beginning to give me that little throw up feeling in my mouth. Everything seems so horribly backwards when we throw money at companies who have acted with such blatant ignorance and
Shadowdamage Shadowdamage 7 years
I agree, Mich, which is why I don't buy the cars, and I am generally unable to support the bailout. Organic, my point was directed not directly against you but I could have been more pointed in how I worded it, simply that I would never support an inferior product simply BECAUSE it was American. Its not my role in this world to support massive corporations, and it certainly isn't my role to support those who have steadfastly treated their consumers with disregard and contempt. (So I should have referenced, for instance, that dealership guy that was posted about recently..he definitely DID care that people "buy American".) I worry about the AFTERMATH either way, and I worry about the people that will lose their jobs either way. If a bailout doesn't happen, I worry what will happen. BUT.... Ultimately, I've come to decide that throwing money at bad companies when good ones are struggling as it is, is beginning to give me that little throw up feeling in my mouth. Everything seems so horribly backwards when we throw money at companies who have acted with such blatant ignorance and
Michelann Michelann 7 years
Buying American cars because you want to support American auto-makers <b>is</b> the free market. That's why they call it voting with your dollars. So if you don't buy American cars (as so many Americans obviously don't), then you probably shouldn't support the bailout. Now <b>that's</b> what I call trying to have your cake and eat it too.
Michelann Michelann 7 years
Buying American cars because you want to support American auto-makers is the free market. That's why they call it voting with your dollars. So if you don't buy American cars (as so many Americans obviously don't), then you probably shouldn't support the bailout. Now that's what I call trying to have your cake and eat it too.
patchouli patchouli 7 years
Shadow, well put. The bailout is the same 'alarm' as the housing industry and who really won in the end, while vacationing at expensive hotels and jetting cross country? Ultimately it's us that will suffer while other idiots continue to buy trucks and Stupid Useless Vehicles and those damn Hummers.
zeze zeze 7 years
Honestly, I dont see an easy way out of this, the bailout will just stall the inevitable. They will eventually collapse and get bought up and it will have negative effects on our economy as a result - but the bailout won't work. The only reasons i have for sort of, kind of supporting it is that it is an indirect way of helping people who would be laid off otherwise. I wish they would just send the money out straight to them to keep them afloat until foreign companies come in and rehire them but that would be too simple.
zeze zeze 7 years
Honestly, I dont see an easy way out of this, the bailout will just stall the inevitable.They will eventually collapse and get bought up and it will have negative effects on our economy as a result - but the bailout won't work. The only reasons i have for sort of, kind of supporting it is that it is an indirect way of helping people who would be laid off otherwise. I wish they would just send the money out straight to them to keep them afloat until foreign companies come in and rehire them but that would be too simple.
LaurenG22 LaurenG22 7 years
I love how the government bails out an industry without an actual product, but refuses to bailout an industry that America was built on. Henry Ford would be rolling in his grave.(this coming from someone who disagrees on BOTH bailouts and also drives a Honda)
organicsugr organicsugr 7 years
What?
organicsugr organicsugr 7 years
What?
Shadowdamage Shadowdamage 7 years
My biggest concern with the bailout is its a handout designed to buy time, and won't necessarily save any company. (I am cynical about how fast these jetsetting "CEO's" will actually restructure and revamp when they've ignored the need to do so for ..uh..generations. Ergo, the company might fold anyway, the Americans working for said company will lose their jobs anyway, the government will have spent the money to "buy time" and probably for nowt. Organic, I fail to see how you can have your cake and eat it too. You either believe in the free market, or you don't. I won't make exceptions for an inferior product in the name of nationalism. That's just..wierd.
Shadowdamage Shadowdamage 7 years
My biggest concern with the bailout is its a handout designed to buy time, and won't necessarily save any company. (I am cynical about how fast these jetsetting "CEO's" will actually restructure and revamp when they've ignored the need to do so for ..uh..generations.Ergo, the company might fold anyway, the Americans working for said company will lose their jobs anyway, the government will have spent the money to "buy time" and probably for nowt.Organic, I fail to see how you can have your cake and eat it too. You either believe in the free market, or you don't. I won't make exceptions for an inferior product in the name of nationalism. That's just..wierd.
StolzeMama StolzeMama 7 years
Now, my thoughts on him aside, I think people should refrain from asking blagojevich(sp?)to step down until the investigation is over with.
StolzeMama StolzeMama 7 years
If you think going with the status quo is childish, fine.
momma-tikita momma-tikita 7 years
ZEZE your comment is scary but so true. It really sad...
momma-tikita momma-tikita 7 years
"I will blame Obama the same way dems blame Bush for EVERYTHING that has happened following his inaugurations. Even if it is proven to be an after effect of something Clinton did." hmm... so you dont agree that some people do that but your going to do the same thing anyways? Kinda childish dont ya think?
momma-tikita momma-tikita 7 years
"I will blame Obama the same way dems blame Bush for EVERYTHING that has happened following his inaugurations. Even if it is proven to be an after effect of something Clinton did."hmm... so you dont agree that some people do that but your going to do the same thing anyways? Kinda childish dont ya think?
skb9850 skb9850 7 years
"way" should be "wall".
skb9850 skb9850 7 years
"way" should be "wall".
skb9850 skb9850 7 years
When I read about everyone worrying about millions of people out of work if we don't bail out the big 3 I think they are assuming the the companies would file a chapter 9 bankruptcy. Some parts of the auto industry have already failed and gone through bankruptcy. Delphi, a spin-off of GM, declared bankruptcy 3 or 4 years ago. They filed chapter 11 on one day and everyone reported to work as scheduled on the next day. They offered early retirements to as many workers as possible and restructured the business. They consolidated product lines and closed some plants. And yes, some people that didn't qualify for early retirement lost their jobs. But it was over the course of one to two years, not all at once. And during that time frame, other people saw the writing on the way and found other jobs, further reducing the number of people that ultimately got laid off.
skb9850 skb9850 7 years
When I read about everyone worrying about millions of people out of work if we don't bail out the big 3 I think they are assuming the the companies would file a chapter 9 bankruptcy. Some parts of the auto industry have already failed and gone through bankruptcy. Delphi, a spin-off of GM, declared bankruptcy 3 or 4 years ago. They filed chapter 11 on one day and everyone reported to work as scheduled on the next day. They offered early retirements to as many workers as possible and restructured the business. They consolidated product lines and closed some plants. And yes, some people that didn't qualify for early retirement lost their jobs. But it was over the course of one to two years, not all at once. And during that time frame, other people saw the writing on the way and found other jobs, further reducing the number of people that ultimately got laid off.
kranky kranky 7 years
Does anyone here think that an autoindustry bailout would work? If so, please speak up and give me something to believe in. I have two problems with the bailout. First - it is my belief that government intervention in the marketplace only wrecks havoc. See bailout #1. Second - I do not believe that the Big 3's problems are soley issues with cash flow. There was a great article posted in a comment yesterday that was written in 2003 about all of the problems with the current management style, labor relations, industrial set-up, etc. I do not believe that throwing money at these companies will do anything other than delay an inevitable outcome.
kranky kranky 7 years
Does anyone here think that an autoindustry bailout would work? If so, please speak up and give me something to believe in.I have two problems with the bailout.First - it is my belief that government intervention in the marketplace only wrecks havoc. See bailout #1.Second - I do not believe that the Big 3's problems are soley issues with cash flow. There was a great article posted in a comment yesterday that was written in 2003 about all of the problems with the current management style, labor relations, industrial set-up, etc. I do not believe that throwing money at these companies will do anything other than delay an inevitable outcome.
Myst Myst 7 years
UnDave, if they go under they will be bought by foreign companies and the American government will lose out on taxes and will be forced to imposed trade and tariffs on the companies and treat it as a MNE that's operating in the US, just like they did when Anhuesr-Busch was sold to a German company. It's no longer an American brand and company. Shareholders could lose their dividends, which isn't something that they want either. They could always file for Chapter 11 bankruptcy, but the process is long and the board would rather sell to a foreign entity and get their severance pays and benefits.
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