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TheAnvil

Have you called your Senator and Representative to oppose the Auto Bailout?

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Obamas opinion

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President-elect Barack Obama accused auto executives of a persistent "head-in-the sand approach" to long-festering problems.


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"What we haven't seen is a sense of urgency and the willingness to make tough decisions. And what we still see are executive compensation packages for the auto industry that are out of line compared to their competitors, their Japanese competitors, who are doing a lot better," he said.

Asked whether the top executives should remain in the jobs, he said: "Here's what I'll say, that it may not be the same for all the companies. But what I think we have to put an end to is the head-in-the-sand approach to the auto industry that has been prevalent for decades now."


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Later, at the news conference, he appeared to temper his comments, saying that current management should be ousted if it doesn't understand the urgent need to make changes in the industry.



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A breakthrough on the long-stalled rescue came Friday when House Speaker Nancy Pelosi, D-Calif., yielded to President George W. Bush on a key point: allowing the aid to come from an existing fund set aside for the production of environmentally friendlier cars.


This part was funny because that is what GM said it was going
to do with the money all along. The stupidity is that they haven't
done it before now.

Senator Dodd isn't that gracious.
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Rick Wagoner, the chief executive of GM, "has to move on," said Christopher Dodd, D-Conn., chairman of the Senate Banking, Housing and Urban Affairs Committee. He spoke on CBS' "Face the Nation."

"I think you have got to consider new leadership," Dodd said. Asked if that should be a condition of any bailout, he added, "I think it is going to have to be part of it."

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Here are the major issues with ANY bailout.


#1 The government should not bailout nor take vested interest in free enterprise.... (if I have to explain why to someone opposing that, then you're a f**king moron!)

Pay real close attention to this next one......

#2 When a government is operating in the red such as the House bank with it's trillions in deficit, then the government must borrow any funds to bail someone out. THUS.... mortgaging our future and the future of our grandchildren to pay the tab. These bailouts are NOT backed by cash securities.

Does anyone else find it funny that we made a SPORT out of an EMERGENCY PROCEDURE?!?!

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Well? If not, WHY? THis is absolutely fucking stupid. I mean MORONIC. And We're going to let it happen? WHY?

:S



When congress voted for the bank bailout even though 90-95% of the calls to congressmen (and women) were against it, what makes you think that a call is going to do any good this time?

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