tag:blogger.com,1999:blog-6762928.post7116314820586698189..comments2024-01-03T05:23:36.046-08:00Comments on The Citizens: What do you mean, auto companies in bankruptcy by the end of the year?Unknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6762928.post-40622237371860373112008-12-13T03:40:00.000-08:002008-12-13T03:40:00.000-08:00Maybe they had an executive retreat and used up al...Maybe they had an executive retreat and used up all the money?Raised By Republicanshttps://www.blogger.com/profile/03461006522141969925noreply@blogger.comtag:blogger.com,1999:blog-6762928.post-70096445333029777622008-12-12T11:12:00.000-08:002008-12-12T11:12:00.000-08:00It's also amazing how the first time GM came to Co...It's also amazing how the first time GM came to Congress, it had funds to last through March. Two weeks later it was on immiment life-support and might expire by the end of the year. Again, that's ridiculous, as you note.Get Off My Backhttps://www.blogger.com/profile/09461493394831426978noreply@blogger.comtag:blogger.com,1999:blog-6762928.post-38400546719174938292008-12-12T08:56:00.000-08:002008-12-12T08:56:00.000-08:00Yes, LTG! My thought exactly when I heard this mor...Yes, LTG! My thought exactly when I heard this morning. <BR/><BR/>Not only that, now the treasury is saying that it will release funds from the $700 mil. bailout money to "save" these companies, which is what these companies wanted all along. So I see this is as the GOP's sly little method of preventing any type of government oversight or control over the actions of these CEOS. And there is a good part of me that believes they planned that all along. The White Hose could look good supporting a Democratically lead and negotiated plan, and then let the GOP congressional delegation take the heat when it fell apart. Then the White House can say, "But we have no choice now but to use bail out money."<BR/><BR/>Companies don't just dissolve like that, especially not THESE companies.<BR/><BR/>It was a dirty, underhanded trick to try and blame the unions, unions who have already made a lot of sacrifices.<BR/><BR/>OH, just a note: people mention the number of pensions and benefits the companies have to pay out and they claim that GM is paying benefits to something like 7,000 people while Honda is paying to like 4,000 people. But what they fail to say is that GM has more beneficiaries because they gave away more golden parachutes in order to cut costs, not because these guys all retired at 65.USWesthttps://www.blogger.com/profile/07572294996079264655noreply@blogger.com