Detroit Three executives

I wouldn't blame the Detroit Three executives. They were as well
prepared as Paulson was. Why would they expect more detailed answers and
plans were needed?

 

C'mon, Tim... These turkeys knew they were coming before Congress to be
grilled and they should have been prepared to answer hard questions.
Paulson
is an administration hanger-on, admitted, but we are not really talking
about
Nardelli being better than Paulson.

The three "stooges" made fools of themselves.

 

I recognized two of the Senators you are referencing, but who do you think
was the third?

 

How many times has Paulson changed his mind about what he is going to do?
The reason they need the loan is obvious. There is a credit freeze
caused by the banks.
The companies have other problems but this is what has caused them to go
to the government for loans at this time.

The politicians were laying in wait, determined to make a show for the
electorate, who would rather have these companies fail or their workers'
standards of living drop than save an industry that helped improve the
blue collar worker's life to one that is the envy of the world.

 

It's quite a dilemma for those who hate corporate America but love the
unions.

 

It makes no difference. At this time, Paulsen is the "bull goose".

EVERYBODY has credit problems. The problems exceed the money even on
a national basis.

I am not at odds with you, but this is a shitteaux politics driven issue.

These pimps in Washington will eventually do something, even if it is wrong.

 

Unfortunately that's probably true. Or they'll do the right thing for
the wrong reasons - we can hope.

 

while you are free and happy to bash unions you seem oblivious to the
outrageous "compensation packages" the fuckheads in suits who do
nothing all day- they make far more than the workers who earn their
wage in mind numbing drugery day in day out. Show some respect

 

Come on Tim. You're coming across as an apologist for the automakers.
What does it matter what Paulson did? The Big 3 came to town for a handout
and it's perfectly reasonable to expect that they would have a well
prepared case for a hand out if they really want one. It's also quite
reasonable to expect they would not flaunt their stuff, coming into town in
their private jets, etc. They blew it big time, in every sense.

There is no credit freeze either. My daughter just bought a new car - her
first car loan. Easily got financing for 7.5%. Had several offers
hovering around that same mark. She's only 24 so she does not have the
history that you or I have, so that's a pretty good rate for her. What
kind of credit freeze is there Tim?

Politicians always want to put on a show for the electorate, and I agree
they did so this time. The problem is that the three stooges played right
into it and made the show real.

 

Mind numbing drugery is nothing to respect.

Outrageous compensation packages, I can agree with - folks in suits wo do
nothing all day, I can't. It only shows how little you really understand
about the various aspects of a business organization.

 

yeah, it's a scam

 

Show me where I bashed unions. I simply said the situation with the Big
3 is one that is a huge dilemma for those who hate corporate America but
love the unions. Tell me what's wrong with that statement.

I'll show some respect when it's earned - not because you tell me I have to.

 

A lot of corporations have some deadwood at the top. It is apparently
unpopular
to dismiss people at this level for a number of reasons.

I have seen suited thieves who were not fired, but were transferred sideways
to another
"opportunity".

I have seen the same pinstriped sapsuckers destroy the profitability and
morale of a
company due to their incompetence (and still be protected by their huddle of
coworkers).

I have seen them organize and implement acquisitions which are clearly
losers from the
onset, because their MBO bonus plan gives them 20% for completing
acquisitions.

The Peter principle is alive and well.

 

The Senate hearing?
Senators - hypocrites
Big 3 Execs - hypocrites
Self-righteous consumers - hypocrites
News media - you know that by now
All helped create the problems we're having now, or, ignored the symptoms.
Business as usual attitude got us here. The thing different here is the Big
3 Execs just don't get it. The retribution factor, from the consumer, due
the Big 3 slowness to change with the times just complicates matters. The
senate hearing as a result is a reflection of what those senators are
hearing from their constituents.

Oddly, more than half of the U.S. polled did not want to bailout banks.
Yet, here we are doing just that. Paulsen used fear tactics to get that to
pass. In the interim, we saw Paulsen change his mind a few times how to
attack the problem. Meanwhile, people were still losing their homes to
foreclosure. Corporate big whigs were partying up and still getting their
big multi-million bonues. Unemployment increased. The Big 3 Execs tried
fear tactics, and failed miserably. I don't see why there is a reason for
confusion or reason to question of why the senate hearing demanded a
detailed business plan. Some people tend to learn after being bashed in the
head a number of times. Even Senators...

 

We have more of a politburo rather than a responsive and responsable
representative democracy. They seem to play their little games, enrich
themselves, and feed off the lobbyists.

An extreme attitude adjustment is indicated.

 

There is a credit freeze in that the banks will not lend the car dealers
money, which is how they finance their showroom and car lot vehicles.

One case, your daughter's, does not disprove anything.

 

There does not seem to be any problem getting loans in this part of Texas,
if you have a good credit history, stable employment, etc.

The midwestern states have not been hit nearly as hard on the mortgage loan
forfeitures as the west coast and east coast...the heavily populated, high
real
estate market areas.

I am sure the floor plan loans are difficult.

 

Is your daughter a car dealer? Try reading the post.

 

Maybe you should phone the president and let him know. You would have
saved the country $800 Billion in additional money that they are going
to use to unfreeze the credit market.
Tell the president there isn't a problem because your daughter just got
a loan.

 

If you would read the post, you would realize I posted nothing about my
daughter.

The two posts are intermingled. Get your head out of your ass.

The credit market here in the midwest is not as bad as in other areas.. That
is
a fact, at this point.