Comments on: The Post Wherein I Agree With A Huffington Poster About GM

By: Cousin Dave

Cousin Dave — Tue, 09 Dec 2008 20:12:43 +0000

And don’t forget the bailout being proposed is only for 2009, and it barely covers even that. They’ll be right back towards the end of next year for another one. And the year after that. And…

By: Matt

Matt — Fri, 14 Nov 2008 20:30:05 +0000

Mat, unfortunately, you are correct.

I wish someone would do a blog on how many congressmen lose their seats this year because they voted for the bailout.

By: Trish

Trish — Fri, 14 Nov 2008 02:15:52 +0000

So somebody finally said it. I used to work in the unemployment office, and I was and am continually astounded by the arrogance of UAW members. There were actually times, when there was a layoff, that the state employees went to the auto plant to take their claims, instead of making the poor fellows actually come to the office like everyone else. There was no such accommodation for any other industry, of course.
And yes, they get away with not looking for work, even though everyone else who receives unemployment pay has to do just that.
No sympathy here for either side.

By: Martin

Martin — Thu, 13 Nov 2008 23:46:44 +0000

Keeping the banking system operational seems to have some merit, but it should stop there (and no freebies please, get part of the stock as compensation).

I think a government that tries to rescue everything will fail because it simply becomes too expensive. And it leads to others demanding equal treatment. Already, car makers in Europe clamor for subsidies so they are “not at a disadvantage compared to the US companies”.

As a European I hope our governments say no – I think our car makers can survive on their own.

By: Mat

Mat — Thu, 13 Nov 2008 21:40:47 +0000

Matt,

We opened one hell of a can of worms when congress approved the bailout package. GM is simply the first of many.

By: Matt

Matt — Thu, 13 Nov 2008 20:50:17 +0000

We, the public, should not be the one to determine whether GM lives or dies. What’s wrong with going to Chapter 11 and work out its problems like everyone else? Let the market works the way it should and maybe we will end up with some leaner and meaner auto companies that can really compete later.

By: Amy

Amy — Thu, 13 Nov 2008 18:40:55 +0000

I’m still blown away by the fact that when GM lays off its line workers, they receive 90% of their pay and they have to report to a location and sit there and play cards all day. And they wonder…….