Dodd: Dems Can’t Pass Auto Bailout This Year

just keep bailing out aig the corruption is obvious–as for saving millions of jobs,its a no go–are we all to be that stupid as to not see what is going on—–millions in bonuses for the same people responsible for the failure—hope in my lifetime i never see another repub as president..some things never change,now they want a free trade agreement with colombia—what the hell is wrong with these people.

watch what happens as the gas prices drop–the dummies will be running to buy the old guzlers.—glad we have honda and toyota in this country.freaking american cars are junk anyway.

hey harry
next year germany will produce a car 4 seats 3 cyl diesel-bio diesel ok—-over 100 mpg—what ever happened to the us being on top of tec.

It took a two-day strike, extraordinary solidarity and more than two months of tough bargaining for 73,000 UAW members at General Motors to bring home a new contract with unprecedented product and investment commitments.
With the protection of U.S. manufacturing jobs at the top of the union’s bargaining agenda, UAW negotiators insisted on — and won — solid pledges from GM to build specific products in specific plants.
The agreement will deliver more than $13,000 in economic gains for a typical UAW member, including a $3,000 signing bonus, two 3 percent lump sums and a 4 percent lump sum.
Active workers will see their comprehensive health care coverage continue, with dental, hearing and other benefits improved. Retired workers will have their health benefits secured by a Voluntary Employee Beneficiary Association (VEBA), prefunded by GM with $29.9 billion in cash and other assets. The fund can only be used to pay retiree health benefits, and will remain solvent for decades regardless of the financial condition of GM.

WHY IS THE CAR INDUSTRY SO IMPORTANT—check how much of the parts are coming from canada and mexico—WHERE WERE THESE IDIOTS WHEN NAFTA TOOK MILLIONS OF JOBS OUT OF OUR COUNTRY,sound like a bunch of hypocrites..the garment and shoe industry were destroyed,along with others and no one gave a crap about it,we have paid a very deep price for what mr nafta did–(SLICK WILLY)

Nows the time to break the back of the UAW. Let the Big 3 fail, reoranganize and go the way of Toyota and Honda.

Dodd needs to be escorted out of his senate office in hand cuffs and sent immediately to jail. This man is a under criminal investigation for his sweetheart mortgage deal with Countrywide, not to mention he was number 1 on the Fannie/Freddie money list. Dodd is the poster boy for term limits!!! GET THIS CROOK OFF THE NATIONAL STAGE!! Dodd your a joke!!

BAIL OUT. Senator Dodd is among many who is lining his pockets first. There are many articles in the criminal investigation of this Senator. Basic rule in life: The rich get richer when the poor get poorer.

roscoe02…just go to Ford’s & GM’s website and look at ALL the benefits that the auto worker gets…pay child care, medical benefits that are unbelieveable, • Supplemental Unemployment Benefits: Entry-level workers with at least one but less than three years seniority will be eligible for 26 weeks of SUB. That increases to 52 weeks (which can be extended) for workers with three or more years seniority. Survivor Income Benefit Insurance (SIBI) has been increased $50, from $650 to $700 per month. The bridge benefit (24 months) has been increased $50 per month, from $650 to $700. In addition, the Mothers and Fathers Benefit will increase by $25, from $350 to $375.Life insurance coverage will increase with base hourly wage increases (see chart). In addition, members will become eligible for life insurance on the day of hire. Previously, they became eligible the first day of the month after hire.The interim supplement is paid to retirees who retire prior to their Social Security 80 percent date and who have fewer than 30 years of credited service. This benefit is paid until that date in addition to the basic benefit described above, but is reduced for early retirement. The amount per month per year of credited service, under the current agreement, payable at retirement ages 60 and 61, is $47.30. The corresponding amounts negotiated under the proposed agreement are $48.25, effective Oct. 1, 2007; $48.45, effective Oct. 1, 2008; $48.65, effective Oct.1, 2009; and $48.85, effective Oct. 1, 2010. Reduced amounts will be paid for retirees at younger ages.

As a CT transplant, I can tell you first hand that Chris Dodd is a lying pile of garbage, and belongs in jail. This Kennedy wannabe along with Barney Franks and Maxine Waters all had plenty of chance to avert the Fannie/Freddie meltdown and did nothing about it other than to say there were no problems(sic), everything was fine. Of course it was, FOR THEM, they made some serious money and didn’t want to give it up. They ALL need to be investigated and prosecuted and put in jail. Of course, with their party in charge, that’s NOT gonna happen even with pinhead Pelosi’s promise of having a “more ethical congress”. Yeah right.
The scarier thing is, these same morons who drove it down are the ones who’ll decide who gets the bailout money, how the hell does THAT make sense? The bail out is a scam and I’m really pissed off, will do everything I can locally and with the power of the internet to make sure all these idiots are NOT voted in again. Time and time again WE get screwed, and it’s about time we hold them accountable, for NOT doing the will of the people, THEIR EMPLOYERS! Pardon me for not being a lying, self serving, scumbag that thinks I know what’s better for my constituents, to whom I took an oath to represent. “Just words, just speeches”… tell me about it.
The “BIG 3″, Wall St and the insurance companies are victims of their own greed and stupidity and can all go to hell. What? An un-regulated mortgage system pushed to loan to un-qualified clients is a taxpayers issue? I think not. Let them sell their yachts, mansions and other niceties they scammed us for over the years and make do like the rest of us, “spread the wealth around”. Unions killed the US auto business, plain and simple, nothing anyone says can convince me otherwise. NAFTA, with US business sending their labor out of the country for cheap labor and to keep their profit margin high and tax liability low, was the killing blow. As I work in the auto parts aftermarket industry, for example, I can tell you that there is almost NOTHING made in the US anymore, even though the “brand” stays American. Can you say China, Japan, Taiwan, Mexico, Canada, Korea, Turkey, Pakistan, Poland, Germany, Italy, India… and these are just a sampling of suppliers for AMERICAN cars. So don’t tell me how NOT bailing GM etc will cost so many jobs, that’s total bull. Dump the unions and get proficient at making cars people WANT to buy at a fair price. Not the over inflated prices (to cover union perks) for junk you wouldn’t (or shouldn’t) sell to your own mother…

We should all as a nation show our true patriotism and support our country, while being “Conservative”.
You should be saying “Yes” on a vote to Bailout the “American Auto Makers”. I know Ford and GM both met the request of “President Clinton and VP Gore” to build hybrids that ran on the unlimited supply of natural gas here in the United States. Many of our countries municipalities have purchased their vehicles and benefited from the cost saving “CNG” provided, while cleaning up the environment with virtually no Emission. Massachusetts has shown the initiative to “Go Green” with Mass Highway Department vehicles. I believe Mass has over 15% of their vehicle now running on “CNG”. Why haven’t the news programs and the rest of the conservative radio shows talked about the easy ways to fix this country’s economic headaches. You guys use words like Pro-Growth, Conservative, Patriotism and Environmentally Responsible. Do the people of this nation, news channels and conservative radio industry believe in any of those words or just like saying them? I think all of them could be used in the same paragraph believe it or not regarding the U.S. Auto Industry.
We need someone to finish mandating the installation of “CNG” gas stations that the Republican Party has side tracked for so long (twelve years). So that they could keep collecting their dividends from their Exxon Stocks. That was a shame! We could have freed of the U.S. need from foreign oil a long time ago. Which would have lowered our home heating oil costs, the price of diesel fuel to the trucking industry, as well as this nation’s consumption of gas as we know it. That would lower the cost of gas worldwide. Not to mention if congress required each town to have as least one gas station put in the “CNG” (Compressed Natural Gas) pumps, there would be construction jobs created nationwide (Massachusetts too), taxes, building permits and fees collected by cities and towns to spur every State’s local economy. Drilling for more oil will only continue the oil industry’s strangle hold on our nation. Gas stations could bid for the rights to their city or town’s “CNG” station. If that was not fair we could draw straws, LOL.
Each station willing to install the “CNG” pumps could receive a tax break for their trouble and a thank you from the “Green Team of America”. Maybe the rest of you would stop bashing each other and take this fight to your State’s Congressman or Senator. There must be someone on the other side of this monitor of mine that believes in rebuilding America from the ground up. It starts with the “CNG” tanks for the public to fill up at being installed all around this great country of ours. GM, Chrysler and Ford have been patiently waiting for almost fifteen years for our government to follow though with the promises to the “Big Three” to go green with “CNG” within the next ten years (Said in 1997/1998). Electric “Hybrids are nice, but do not create enough power for larger vehicles for long over the road trips with a load in or behind them (Towing). “CNG” engines have virtually the same amount of pulling power as a similar equipped gas engine. Well, ten years have come and gone for the “Big Three” and no government support yet to go green. Let’s get started for once instead of just talking about it!!!
The U.S. Auto Makers are building quality autos. If the world thought as negatively as you and the general pubic, Mercedes Benz would have never purchased Chrysler several years ago. They could see the quality, but had to sell off Chrysler when they realized how the media in this country are bias in their belief that only foreign automobile manufacturers build a competitive/quality car or truck. They saw the market share of Chrysler continue to drop off even with the Mercedes “High Quality” name tag behind them. That is also a shame!
After 9/11 the “Big Three” donated 12 Million plus dollars to the relief efforts, Toyota and Honda Gave Zero. There is something to be proud of, true “Patriotism”. During World War II, GM shut down their Plants and changed over to build the United States of America tanks to protect our country. Maybe it is our turn to return the favor.
The Big Thee deserve a “Bailout” and the media support for once in the last ten years! We as nation should stop being our own worst enemy! That is why the world has stopped looking at the United States as a leader.

I make about $14 per hour and it infuriates me that taxes might be taken out of my check to pay for some walking-dead dinosaur company like GM and $73 per hour UAW workers. They refuse to make quality vehicles with good gas milage that are more affordable than the completition. They are just an international company like Honda in Ohio (Mexico plants, etc). When our kitchen puts too much salt and ruins a dish we don’t pick out each grain -easier to wipe the slate clean and start over again without all the baggage. If they get a bail out, I want one too. Bailing out is moral hazard -it rewards bad decisions -look it up. We need to put our efforts into fresh new companies that have a more environmental focus. It makes me want to almost cry that the guuvment just wants to reward the status quo of wall street fat cats auto execs & UAW members that feel entitled. Sure the transition will be painful -but as the song says it has to be a catastrophe (temporary) TO GROW!!! Go USA -down with GM. If GM is gone it does not mean that people will stop buying US cars so the domino effect is overstated.

Thank you Ashley, you are correct. What makes me laugh is how people keep said how GM and Ford are not building fuel efficient car and trucks. GM has the most vehicles getting over 30 MPG. Ford is not far behind. Honda Ridgeline is small truck, but only gets 16-17 miles per gallon. Say what you want, but both full size Ford F150 Pickup and Chevrolet Silverado 1500 Pickup are much larger and still get 21 MPG. Do you know this is the only country in the world that sells itself short when looking at the quality of their Automobiles. Mercedes Benz sold off Chrysler after they realized, no matter how good the quality has become, the media and the idiots in this country that listen to them will make it hard to overcome market conditions. That is a Shame!!

I’ll laugh when the rest of you have your mother and father living with you. Not, because their no longer of sound mind. It will be because their Social Security check isn’t enough to cover their average living expenses. You voted to finish off their IRA/Mutual Funds invested in the U.S. Auto industry. Hope you have an extra bedroom and a few extra thousand dollars you can throw their way. They’ll need it, LOL