Bush Caves!

[Zembonez]

COMPLETELY NON-POLITICAL NEWSFLASH!

 

Bush caved in like a drunk 16 year old and now we will fund the big 3 with BILLIONS of tax dollars so that they can have a few more months worry free.

 

WTF?

 

If they haven't been able to figure it out by now... how the hell do they expect them to figure it out by March?

 

OH... WAIT... This pushes it off of Bush's plate and makes it a nice fat entree on Obama's plate.

 

NOW it all makes sense.

 

 

 

BUY GUNS AND AMMO!

[VMax2007]

This surprises you?

[Zembonez]

This surprises you?

NO... just had to vent. We're f**ked no matter who is in there.

 

NUKE WASHINGTON.

[VMax2007]

This LOAN was taken from the TARP, it is NOT new bailout money. What's the difference if they give it to the banks or to the Automakers?

[svensk]

This LOAN was taken from the TARP, it is NOT new bailout money. What's the difference if they give it to the banks or to the Automakers?

banks would use it to invest and provide money for loans?

[VMax2007]

This LOAN was taken from the TARP, it is NOT new bailout money. What's the difference if they give it to the banks or to the Automakers?

banks would use it to invest and provide money for loans?

 

 

 

yeah, and the automakers will use it to prevent the loss of up to 3 million US jobs.

[tobias]

When I read "Bush Caves" I thought this was going to be be the new NSFW "Hot Women" thread.

 

This seems kind of like a dissolving tourniquet and the nearest hospital is about 200 miles away.

[Draenor]

This LOAN was taken from the TARP, it is NOT new bailout money. What's the difference if they give it to the banks or to the Automakers?

banks would use it to invest and provide money for loans?

 

 

 

yeah, and the automakers will use it to prevent the loss of up to 3 million US jobs for the next 3 months.

 

Fixed

[VMax2007]

When I read "Bush Caves" I thought this was going to be be the new NSFW "Hot Women" thread.

 

This seems kind of like a dissolving tourniquet and the nearest hospital is about 200 miles away.

 

read the article....They are not just "giving them money" without stipulations. And it is a loan, not a grant.

 

http://abcnews.go.com/Politics/Business/st...4698&page=1

 

The loans come with strings attached, including limits on executive compensation and a ban on the use of corporate jets. The automakers will need to restructure, getting tough concessions from creditors, suppliers and the labor union.

 

The deal also includes non-binding "target" provisions, including making work rules and wages competitive with workers at foreign car companies in the U.S.

 

Treasury Secretary Henry Paulson will administer the plan until Jan. 20, at which point there will be another presidential designee to oversee the loans under the new administration.

 

If the companies cannot prove they are financially viable by March 31, the loans will be recalled and the money returned to the Treasury.

 

The White House is also calling for no dividends for stockholders until the money is paid back, and stipulating that the government can block transactions over $100 million.

 

Other non-binding targets of the plan include debt reductions by two-thirds as well as the elimination of jobs banks, a system that allows workers to get paid a large percentage of their wages even when they're not called in to work.

[Draenor]

Lets see if the UAW will coorporate.

[tobias]

When I read "Bush Caves" I thought this was going to be be the new NSFW "Hot Women" thread.

 

This seems kind of like a dissolving tourniquet and the nearest hospital is about 200 miles away.

 

read the article....They are not just "giving them money" without stipulations. And it is a loan, not a grant.

 

 

 

I was only referring to the fact that this doesn't let them really restructure (See also, Get Rid of the UAW) the way they need too. I'd much prefer to see this money used as seed money after a restructuring than a loan that very possibly is only delaying the bankruptcy anyway. I hope it works, honestly, I'm just not confident it will.

[2000DV4.8]

Lets see if the UAW will coorporate.

 

 

Now that is funny stuff.

 

[tobias]

Lets see if the UAW will cooperate.

 

What does that word mean?

[Paul58]

When I read "Bush Caves" I thought this was going to be be the new NSFW "Hot Women" thread.

 

When I read "Bush Caves" the first thing that came to mind was: Oh great, the political pressure is getting to great and he's gone underground just like Hussain and Bin Laden!

[BuckFeverZ]

I knew it was just a matter of time before they got the money, regardless of where it came from