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California State Sales Tax Increase (pg. 2)
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| gehzumteufel |
Well , I guess they didn't! |
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| sugar&ice |
Obama is going to bail out the automotive industry,
He just gave a press conferance.:confused: |
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| gehzumteufel |
| quote: | Originally posted by sugar&ice
Obama is going to bail out the automotive industry,
He just gave a press conferance.:confused: |
Are you dumb? That was promised by BUSH and he is continuing to uphold the promise. How is that his fault? ugh |
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| sugar&ice |
| How much are we charging Iraq per day, for 'protection'? |
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| zerotonin79 |
| quote: | Originally posted by gehzumteufel
Are you dumb? That was promised by BUSH and he is continuing to uphold the promise. How is that his fault? ugh |
you are so wrong.
Pelosi and other democrats are pushing for the automaker bailout and Bush is against it. |
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| gehzumteufel |
| quote: | Originally posted by zerotonin79
you are so wrong.
Pelosi and other democrats are pushing for the automaker bailout and Bush is against it. |
I watch this every day. Bush and his commies are for it. |
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| AmericnWldChild |
Hah so it is there!
I remember as a kid, you could only buy 1 of 5 cars from them or a very very small inventory. Looks like now on that website, you can get almost anything from them for a lower price but its STILL through a dealership!! :whip: There needs to be a place (like someone mentioned before) similar to Amazon.com that sells em for below retail/manufacturers retail price and without all those ridiculous taxes you could otherwise get rid of when buying from a private party. |
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| zerotonin79 |
| quote: | Originally posted by gehzumteufel
I watch this every day. Bush and his commies are for it. |
LOL
WASHINGTON -- The heads of Detroit's three auto makers and the United Auto Workers union pleaded Thursday with Democratic congressional leaders to rush more government aid to their foundering companies, offering to accept conditions such as granting stock warrants to the government in return for capital, a person familiar with the discussions said.
Fee what Ford, GM have been up to in recent years as their stock price and sales declined.
President-elect Barack Obama and some other Democrats have expressed support for proposals to double to $50 billion a previously authorized government-loan program aimed at helping Detroit's unionized auto makers retool to build more efficient cars. But House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid on Thursday made no explicit promises to the auto-industry delegation about approving additional assistance.
A spokesman for Mrs. Pelosi said after a meeting with the auto makers and UAW that she wants some form of "recoupment" for taxpayers in return for more subsidies, possibly faster rollout by the car makers of more fuel-efficient vehicles. He declined to be more specific about the kinds of commitments or conditions the speaker would want. "There's still a long way to go," he added.
Sen. Reid, who also met Thursday with the auto-industry delegation, said in a statement that the Bush administration should "exercise its existing authority to provide additional help" to the manufacturers. Mr. Reid also said Congress will "continue exploring ways to assist this important sector of our economy." The Bush administration so far has resisted using money from the $700 billion financial markets rescue package to help the Detroit auto makers.
Mrs. Pelosi, in an interview Thursday before the meeting, suggested the government assistance should be tied to moves to improve fuel efficiency. "I don't think you'll see much interest" if aid goes toward "doing things the old way," she told The Wall Street Journal.
Thursday's meeting came on the eve of announcements by General Motors Corp. and Ford Motor Co. about their third-quarter results. Both companies are expected to post big losses, amid what is shaping up as the worst year for automobile sales in more than two decades.
GM issued a statement Thursday describing the talks with Mrs. Pelosi as "a very frank and constructive discussion...on the deteriorating liquidity situation of our companies."
Rep. John Dingell (D., Mich.), the auto makers' longtime champion, emerged from the meeting and said "the end result would be a good one from the standpoint of the auto industry." He declined to elaborate.
Mrs. Pelosi said in the interview that she is open to providing new assistance to troubled U.S. auto makers as soon as this month. Some proposals would offer another $25 billion in low cost government loans targeted to Detroit's struggling unionized auto makers, on top of $25 billion Congress authorized previously.
The speaker expressed support for efforts to help auto makers "compete in the marketplace, in a green way."
The auto makers have all said they won't seek bankruptcy-court protection to restructure and shed crushing obligations to workers. But investors and analysts are concerned that the crisis could force at least one of the Big Three to file for bankruptcy protection within a year unless fresh financing is provided.
On Friday, GM is expected to lay out a series of fresh cost-cutting and structural initiatives aimed at assuring Washington and Wall Street that it has the ability to outmaneuver the growing crisis.
http://online.wsj.com/article/SB122...=googlenews_wsj |
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| gehzumteufel |
| LOL good job. A single article dated today. :rolleyes:If only the search wasn't broken on Autoblog. |
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| djjoshuaallen |
| quote: | Originally posted by R!CH
this is what happens when california goes bond measure happy. |
exactly, if the people would stop passing all these bond measures, getting out of debt may be a bit easier. |
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| gehzumteufel |
| quote: | Originally posted by djjoshuaallen
exactly, if the people would stop passing all these bond measures, getting out of debt may be a bit easier. |
We will be perpetually in debt. Sad truth, but people don't care about getting out of debt. |
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| zerotonin79 |
| quote: | Originally posted by gehzumteufel
LOL good job. A single article dated today. :rolleyes:If only the search wasn't broken on Autoblog. |
err
http://www.autoblog.com/2008/07/16/...for-automakers/
Bush says no bailouts for automakers
Posted Jul 16th 2008 8:02AM by Chris Shunk
Filed under: Government/Legal, GM
In the wake of GM's restructuring announcement, some observers are beginning to talk about government assistance to get automakers through tough times. President Bush has quickly shot down the idea of assitance for US automakers, saying that the government shouldn't be "bailing out companies." GM spokesman Greg Martin said the General isn't looking for a free pass from Uncle Sam, instead insisting the company is going to take care of itself.
While it's nice to see GM taking care of its own problems, there really isn't much else the Detroit automaker can say. Admitting that it needs help would be an admission of doom, which would further deplete its stock while signaling to customers that bankruptcy is near. A company in bankruptcy protection can go under, and companies that expire don't (theoretically) honor warranties or have parts available for repair.
As for President Bush's comments, it deserves noting that few industries are subject to more government oversight than the automotive sector, and no industry is more vital to reducing America's reliance on foreign oil. |
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