More on Obama at the Oval
More details are coming out about the meeting yesterday between President-elect Obama and President Bush.
Sources tell ABC News the general message Obama conveyed was: Let’s not wait for a new president before action is taken on the economy.
Obama focused on three basic items:
1) Working with the Congress to pass an economic stimulus package during the lame-duck Congress;
2) Using existing presidential authority to help the Big Three automakers, who are all on the brink of bankruptcy.
There are two primary ways President Bush could provide aid, either through the recently passed $25 billion in federal loans to help automakers retool (though automakers might needs those funds simply to make payroll) OR through the $700 billion in TARP (Troubled Assets Relief Program) funds, less than $500 billion of which has been allocated.
The Big Three automakers have asked for an additional $25 billion to help prevent their going into bankruptcy. On Saturday, House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid asked Treasury Secretary Henry Paulson to consider using the TARP funds to help the automakers, though the White House seemed to reject that idea on Monday;
3) Stepping up on spending the TARP funds to help people survive the housing crisis.
Adjustable rate mortgages for a lot of people struggling to make mortgage payments are about to expire, and their interest rates will go up. Obama (and others) are concerned that will cause more defaults, creating even more instability in the housing and financial sectors. There’s not enough action being taken on housing, Obama believes.
- jpt

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Already Obama’s team is leaking information from conversations that were to remain private.
Real classy —
Posted by: MaryD | November 11, 2008, 9:50 am 9:50 am
Hey MaryD, its called having an open presidency. I know it seems completely unfamiliar after 8 years of Bush but get used to it.
Posted by: Transparency | November 11, 2008, 10:04 am 10:04 am
Obama has already taken command of the deplorable situation that Bush is leaving this country in. I just hope that Bush has enough humanity and lack of ego and partisanship to help him save us!!
Posted by: Deborah from NC | November 11, 2008, 10:07 am 10:07 am
MaryD….You MAKE ASSUMPTIONS…when you say…”Already Obama’s team is leaking information from conversations that were to remain private. Real classy —”…….would it surprise you that this Administration founded in Karl Rove style sound bites and strategically placed leaks would be the FIRST to do a “leaking information” move. WHY? The man in the White House right now needs time – time to complete his pardon list – time to spend some of the billions that HIS administration appointees have not disclosed where – time to do the shredding (unreal, sorry sister look at the shredding machine appropriations through the GSA in the second quarter) and the same old Republican tactic – make the Democrats defend themselves while the wolves kill the last of the chickens. My first suggestion for those who want to know – ask the current Press Secretary (and Mr. McClellan can certainly fill you in on the blanks on that one.)
Posted by: MaryD
Posted by: OnTheGloryRoad | November 11, 2008, 10:07 am 10:07 am
How do you know it was supposed to remain private?
Give the guy a break…… He will be the next president, lets help him.
Attitudes like yours are what has this country in the shape it s in
Posted by: Donn | November 11, 2008, 10:09 am 10:09 am
MaryD, How do you know that the conversations were private and how do you know who eaked them?
Posted by: Patricia | November 11, 2008, 10:12 am 10:12 am
Already Obama’s team is working on solutions to today’s problems.
That’s classy —
Posted by: keredte | November 11, 2008, 10:12 am 10:12 am
Does anyone know anything about the Columbian Trade Agreement President Bush is pushing in order to sign a new Stimulus Package? I’ve read a few articles stating he’s told Congress ( the Dem leaders) that he will veto any stimulus package that doesn’t include this new trade agreement. What’s that about?
Posted by: Nichole | November 11, 2008, 10:16 am 10:16 am
Funny how the president-elect has to tell Bush to get off his butt and do something. You know McCain would have just sat there and had an easy going conversation with the president. He then would have gone home and put his feet up until January 20th.
Man did we pick the right guy for the job.
Posted by: keredte | November 11, 2008, 10:18 am 10:18 am
it’s amazing how you all can think Obama is so great. i would love if he could give us all he promises. one thing is nagging at the back of my mind, how can you even think of putting someone in the white house who is close friends with the people who bombed the trade center. any of you hear of that
Posted by: Anonymous | November 11, 2008, 10:26 am 10:26 am
Nichole..its called the TLC and its a good trade agreement between the US and Colombia (no u). Colombia has been a good partner for the US in our efforts to control the drug flow coming from there and also they have all but defeated the guerilla forces down here with our help(AUC/ELN/FARC. I think this trade agreement MUST be signed and made permanent
Posted by: Mark | November 11, 2008, 10:30 am 10:30 am
I hate to pile on here, but MaryD, perhaps you need to look at this a little differently. Let’s say this was a leak and not just the transparency Obama’s promised. I seriously doubt that’s the case, but let’s just say it is. If “leaking” the details of this conversation means Bush feels the pressure to DO something to help us before he leaves office, I’m really okay with that. In fact, and ironically, it may be Obama who gives Bush his last chance to leave office on a note. I think this is a classy move on Obama’s part because he cares more about helping the American people than he does about being the one to collect all the credit. What a nice change.
Posted by: nancy miller | November 11, 2008, 10:32 am 10:32 am
No more bailouts!
Posted by: Jim | November 11, 2008, 10:32 am 10:32 am
Obama shows his immaturity by leaking details of private conversations with the President. Obama obviously cannot be trusted and is just playing politics. President Bush gave him a warm welcome, said nice things and then Obama stabs him in the back. Obama is nothing but an old time corrupt politician but of course, many of us knew that months ago.
Posted by: brian | November 11, 2008, 10:33 am 10:33 am
funny,everything that was discussed was about using more tax money to bail out dying industries…..as far as the autos go the unions should put up every bit of their kitty first instead they cranked 1.2 toward the election of politicians…BO WILL be nothing more than the same whore to wall street as george bush….SOLUTIONS ARE GREAT,BUT EVERY TIME QUIT ASKING US TO DO IT!!!!!!!
Posted by: chad | November 11, 2008, 10:34 am 10:34 am
Hey Transparency- Obama will keep lots of data private when he doesn’t want you to know what he is doing. He will release data when it benefits him politically.
Posted by: brian | November 11, 2008, 10:34 am 10:34 am
GOD BLESS THE SOLDIERS, SAILORS, and AIRMEN who have fought for our freedom…and our right to vote. Thank you.
Posted by: DobermanSpencer | November 11, 2008, 10:36 am 10:36 am
Two heads are better than one? Neither heads are good. Both are idiots. One problem into a worse problem. Gotta love this A$$ backwards country.
Posted by: Wrong Choice | November 11, 2008, 10:36 am 10:36 am
Obama has shown his maturity as a leader by confronting Bush and letting him know in no uncertain terms things are going to change.
This time of year in 2000 and 2004, all that was going on in Washington was black-tie inagural balls for the privileged few who would destroy America in the years to follow.
Finally in Washington, work is getting done. Now that we have a seasoned, mature leader in the white house again.
Posted by: clifton | November 11, 2008, 10:37 am 10:37 am
I’m so glad to have a elected a man to the Presidency who is actually going to take the job seriously.
This is change we can believe in folks!
Posted by: Matthew | November 11, 2008, 10:37 am 10:37 am
Obama’s gonna do better, this guy has a paper thin record and more qualified people were passed up on both sides. He was elected because he looked good, talked good and mostly because he was BLACK. Case closed.
Posted by: PM | November 11, 2008, 10:38 am 10:38 am
Bankruptcy is a perfectly good option for the automakers. The airlines have used bankruptcy to deal with the same problems (up/down economy, fuel prices, labor issues) for years. What happens when we give them the money and they still end up in bankruptcy? IT’S GONNA HAPPEN!
Posted by: Paul R. | November 11, 2008, 10:42 am 10:42 am
Donn,
I can tell you that the intent was for the details to remain between two men. There were no cameras or mics present when they spoke. If anything were intended for public consumption, you would have had both men in front the microphones afterward presenting a “united front” as it were for the people to see.
The evidence…..
“Sources tell ABC News”
If it was not “leaked”, there would be no reason to say “Sources tell ABC News”.
Posted by: Mike_C | November 11, 2008, 10:44 am 10:44 am
What big secret was leaked, Mary? Obama has been saying this for awhile-because it’s the right thing to do. Pressure is on Obama to take over now. The world knows Bush will not do what’s right and this is Bush’s chance to end a completely incompetent political career on a high note. Doing what’s right…a concept Republicans still can’t get a grip on.
Posted by: tabs | November 11, 2008, 10:45 am 10:45 am
I’m sorry, did I miss something in the column…where does it say that this was ‘leaked’ by Obama or his team??? Ohhhh, “sources”! I forgot that word meant “specifically Obama”!
Posted by: snazzygirl4 | November 11, 2008, 10:47 am 10:47 am
“how can you even think of putting someone in the white house who is close friends with the people who bombed the trade center.” uuuummmm what?? How can you believe anything from a party that for YEARS insisted that there were WOMD?? Spied on their citizens illegally? Squandered TRILLIONS for a war and idiotic campaigns that went nowhere? Move to Alaska and revel in the illegal $160K spending habits and rhetoric of your late and great Palin. It’s obvious that’s where your getting your information from and McCain has already tucked tail and hid under Obama’s desk
Posted by: RJJR | November 11, 2008, 10:48 am 10:48 am
Bush looks like he has NO idea what Obama is saying. I don’t care what Chuckle#### does in these last couple of months. There is nothing he could do to restore the complete destruction of this country that he alone is responsible for. I hope he rots in a prison cell somewhere, with a big cellmate named Bubba.
Posted by: Lilly54 | November 11, 2008, 10:51 am 10:51 am
The only way the auto makers should be given anything is for them to show on paper their plans to move forward with affordable cars with higher MPG than today and their transisition plans on how we get to the days of roads dominated by fuel-cell/electric/hybrid vehicles which are affordable.
These plans should also include their recommendations for what resources are required and the time needed to put in place the infrastructure to support such vehicles.
We do not need to bail out the American auto industry, if it refuses to wake up and begin to focus on the vehicles needed for energy independence. If they are going to keep giving us hybrids that give no improvement over current vehicles in rergards to MPG but are more than twice the price, let them sink! We will only be prolonging the inevitable.
Posted by: Mike_C | November 11, 2008, 10:53 am 10:53 am
“Squandered TRILLIONS for a war and idiotic campaigns that went nowhere?”
RJJR,
you dont have to defend JFK & LBJ….
Posted by: Mike_C | November 11, 2008, 10:54 am 10:54 am
Wow I can’t wait until Obama enacts some more stimulus checks, that extra $300 is reallllllllly gonna help pay the bills.
And to the first post, we were the only ones thinking there was WOMD. You can’t use the information we have now to say we made the wrong decision then.
Posted by: Here is goes | November 11, 2008, 10:55 am 10:55 am
concerned in ohio,
bush is still living in the white house.
all of this has happened on bush’ watch, so it is his.
i think it is time to start impeachment of bush. it will soon be to late to do the right thing.
impeachment of bush now.
Posted by: What? | November 11, 2008, 10:56 am 10:56 am
hey guys,what is obama saying DIFFERENT yet that clinton and bush have been saying for the last 16 years…..im looking to hear someone talk about RESPONSIBILITY FOR YOUR ACTIONS…….bo is just another DC power broker that talks about problems GOVT SHOULD SOLVE!!!!!
Posted by: chad | November 11, 2008, 10:56 am 10:56 am
“Adjustable rate mortgages for a lot of people struggling to make mortgage payments are about to expire, and their interest rates will go up. Obama (and others) are concerned that will cause more defaults, creating even more instability in the housing and financial sectors. There’s not enough action being taken on housing”
Maybe if all these people didn’t buy homes until they were ready they wouldn’t be “struggling.” I’m not going to lie, I have debt but I least I know it’s my own fault and it was stupid of me to get myself in that situation…
Posted by: oh brother | November 11, 2008, 10:59 am 10:59 am
Most of you who post on here think you’re making objective comments and everyone else is bias. Obama is not “providing an opportunity for Bush…”. Bush was the one who invited Obama to the White House for this meeting. As for Bush “doing the right thing if he listed to Obama”.. it would e the right thing for the Democrats. There are pros and cons to every decision made. The majority of decisions are not clear cut. People complain about how our country’s going down the drain. The reason why is because of people who view everything through their political party’s eyes rather than trying to look at it objectively. When you think your party/politician can’t do no wrong and the other will always do wrong… we will get nowhere and that is the reason why we are where we are.
Posted by: al | November 11, 2008, 11:02 am 11:02 am
Gee, isn’t it ironic that those unions that sunk their money into Obama’s campaign are now in danger of losing their jobs as the manufacturers that they work edge towards bankruptcy. AND they want a bail-out?!?
I’m sorry, the pigs that have been at the trough for years now should have to pay for their over indulgence. I didn’t believe in the bail-out for the banks and I don’t believe in this one. Let them take their lumps.
Posted by: JDD | November 11, 2008, 11:03 am 11:03 am
This is the bigger story:
“The ASSOCIATED PRESS quickly followed with details of the conversation, citing “aides who described the discussion on grounds of anonymity, citing the private nature of the meeting.”
from Drudge
That sounds so collosally stupid it make one laugh.
Hubris.
It’s what for dinner.
Posted by: drjohn | November 11, 2008, 11:03 am 11:03 am
Obama has already taken command of the deplorable situation that Bush is leaving this country in. I just hope that Bush has enough humanity and lack of ego and partisanship to help him save us!!
FYI – the subprime mortgage crisis (that’s this recession, google it) was caused by the dems idea of handing out loans to any idiot that wanted a house. Bush, on the other hand, was calling for REGULATION, the complete opposite of giving them out. Gosh it is just mind-boggling to me how you guys still continue to place all the blame on Bush. Have you never heard of checks and balances? Man, the dems did such a great job of controlling congress the past two years (sarcasm intended), I can’t WAIT until they control all 3 branches of govt. Ohhh boy oh boy.
Posted by: oh brother | November 11, 2008, 11:03 am 11:03 am
Pushing Bush to bailout the failing auto industry to avoid bankruptcy (where it could restructure, and more importantly renegotiate its contracts with Obama’s key supporters, the UAW). In turn, the government gets an ownership stake in the auto industry so it has more leverage to help the UAW and micromanage the industry’s business. The added bonus, Obama can blame Bush if (when) it all fails and everyone realizes this is welfare for the poor decision making of rustbelt corporations with trickle down benefits for the UAW. By the way, didn’t Ford just enter a deal to open a $3B plant in Mexico.
What happened to Obama’s promise of punishing, rather than rewarding, all of the companies sending jobs out of the country?
Posted by: vancav | November 11, 2008, 11:04 am 11:04 am
“Maybe if all these people didn’t buy homes until they were ready they wouldn’t be “struggling.” I’m not going to lie, I have debt but I least I know it’s my own fault and it was stupid of me to get myself in that situation…”
If Clinton and the Democrats in Fannie didn’t lower the lending requirements to nothing this would not have happened.
Posted by: drjohn | November 11, 2008, 11:06 am 11:06 am
VERY GOOD IN OHIO, the more things change the more they stay the same…we already see one week after the election that bo is already distancing himself from many of his campaign promises!!!!!! why cant we ever elect someone who will take care of the countries finances like we the citizens have to budget in our own lives??????????
Posted by: chad | November 11, 2008, 11:06 am 11:06 am
Bail out America’s big three auto companies so they can continue to send america’s jobs and money to Mexico? When does the sanity end?
Posted by: A Realist | November 11, 2008, 11:06 am 11:06 am
concerned,
My point is that there is no need to give them anything at all if all they are going to do is build cars that cost more double the car i have now and dont give me a significant increase in MPG.
An even larger point that has been left completely untouched is the overhaul of gas stations in the country to support the Hydrogen based fuel cell technology.
Also the need for Many Many more electric charging stations on the nations highways for the rechargeable battery technologies that are emerging.
Also no one seems to be talking about the cost its going to take to train mechanics and body shops across the country to handle cars with these alterative fuels.
There is a lot more to this problem than just dropping 25K on the table today for a car that gives you nothing extra than a 10-12K normal car.
Posted by: Mike_C | November 11, 2008, 11:07 am 11:07 am
“Pushing Bush to bailout the failing auto industry to avoid bankruptcy”
Let them go bankrupt.
Then they can shed all those ridiculously obscene pensions and benefits.
That’s what the bailout is really for. To pay for the auto industry’s overblown promises. Who is going to bail us individuals out?
Posted by: drjohn | November 11, 2008, 11:08 am 11:08 am
Bail out America’s big three auto companies so they can continue to send america’s jobs and money to Mexico? When does the sanity end?
Posted by: A Realist
It ends when the liberals wake up and discover that some foreign auto makers are building cars here in the US! How exactly can they be doing that?????
Hmmm….I wonder!!!!!
Posted by: Mike_C | November 11, 2008, 11:09 am 11:09 am
I suspect Obama wants a new stimulus package (and checks?) passed now so it isn’t his budget problem to deal with.
The Big-3 automakers do not have a viable business model. There is no way the government can give them money to continue to operate the way they do- they’ll just end up in the same position once this money is gone.
I’m assuming Obama would rather have Bush deal with this, because Obama does not want to go up against the UAW.
Posted by: MayBee | November 11, 2008, 11:09 am 11:09 am
Obama won the election because he promised the voters he can fix the economy quickly. Now he said there will be no quick fix. What does this mean??? Another broken promise.
Posted by: Dan | November 11, 2008, 11:14 am 11:14 am
The frantic posts from the Republicans and right wing remind me of the old Charle Daniel’s line “like their hair was on fire and their ##### was catching.”
Maybe they should wait the next eight years and then see if we are still doing business the same old way. The time for change is here, the ultra rich ruling class should be worried.
Posted by: outwest | November 11, 2008, 11:15 am 11:15 am
“It ends when the liberals wake up and discover that some foreign auto makers are building cars here in the US! How exactly can they be doing that?????”
No one ever asked Obama where we’d be if Honda, Nissan and Toyota got punished by Japan for taking jobs overseas.
Gee, I wonder why that is?
Posted by: drjohn | November 11, 2008, 11:15 am 11:15 am
“The time for change is here, the ultra rich ruling class should be worried.”
Distribution of wealth has remained pretty consistent for the last 5 years.
Class envy is such a pathetic trait.
Posted by: drjohn | November 11, 2008, 11:16 am 11:16 am
50 years, not 5.
Posted by: drjohn | November 11, 2008, 11:16 am 11:16 am
…And President-elect Barack Obama’s transition team issued a code-of-conduct memo forbidding MEDIA LEAKS and financial conflicts.
- San Francisco Chronicle, 11-9-08 (Caps added for emphasis.)
“Senator Obama may not be familiar with a long-standing tradition of presidents holding their PRIVATE conversations, private,” a (Bush) senior adviser explained.
- Drudge Report, 11-11-08 (Caps added for emphasis.)
Is it asking too much of them for the Obama team to wait until they take office because flouting their own code of conduct?
Posted by: OBAMANATION [uh-bom-uh-NEY-shuhn] | November 11, 2008, 11:16 am 11:16 am
Candy, Candy, Candy, ….
We love our Greatest Dearest Smartest Leader to stimulate us more with Candies. The first time did us a great deal of good, equalizing the poor and the rich by 50% in stocks.
Posted by: Americans 1 | November 11, 2008, 11:17 am 11:17 am
$ 40 Billion to AIG but no $ 25 Billion to aid the auto industry. Yes, they made mistakes, but not to the degree of the banking industry that we are pumping money into while they party in Arizona. A point to remember is that hundreds of small businesses that have provided parts and services to the auto industry are also going out of business if the auto industry tanks.
Posted by: Harley | November 11, 2008, 11:19 am 11:19 am
Sure go ahead give to the auto industry- we’ve given to everyone else except Lehman which was dumb. Considering there are 5-7 workers for each auto worker affected, we don’t need more people on unemployment. So think of it was welfare before someone hits the welfare rolls. But I think the everyone that gets a bailout either has to fork up stock or take the money as a loan. And Obama can say look at all of the debt the previous administration put us in. I can’t possible fulfill any of my promises. Of course by january 20 it could be too late for the auto industry. Eventually we will be able to buy a GM-Ford-Chrysler auto. It will all be 1 company.
Posted by: jschmidt | November 11, 2008, 11:19 am 11:19 am
Class envy is such a pathetic trait.
Posted by: drjohn | Nov 11, 2008 11:16:30 AM
=====
Absolutely! We the proletariat of 95% middle Class Americans have been a united state under our Greatest Leader. We will defeat the filthy rich 5% bourgeoisie worms of our society. Yes, we Can!
Posted by: Americans 1 | November 11, 2008, 11:21 am 11:21 am
the reality is that change,whether up ,down ,left,or right dies in the US SENATE..i was fotrtunate enuff as a youth to be a page there and i can tell you NOTHING MOVES FAST and you have 100 people regardless of party who think they should be president…and upon closer look you will also notice that many dems are from consrevative states ie mccaskill ,toter,and the newly elected hagan who has already stated she will not march lockstep with bo. U MOVE ON .ORG PEOPLE BETTER HAVE THICK SKIN!!!!!!!!
Posted by: chad | November 11, 2008, 11:24 am 11:24 am
Foreign companies build cars here and make money doing it. I wouldn’t give the American companies any money until they showed me how they will change things to do the same. The new pluggables they are working on are priced out of the market before they even come out. To compete, you have to have a product as good or at least close enough to your competitors that the difference is not a factor for a price that is just as close. If your product costs 30% more, gives no more fuel economy – or neglegibly more – and you have a track record of inferior quality, then you have no chance. So giving away my tax dollars to allow them to lose it seems like a bad idea. I’m not trying to be partisan. I don’t like the republicans or the democrats. I am hopeful for Obama’s presidency – he couldn’t do much worse than what we’ve had -, but I don’t see bailing out bad companies doing bad things as a good idea – but that’s just me.
Posted by: Mark | November 11, 2008, 11:25 am 11:25 am
I would have much rather have seen the auto indistry bailed out insted of the banks 2 months ago. I also believe that much better fuel efichency and emisions standards should be tied directly to any bail out of the big 3.
Posted by: Eric from Ohio | November 11, 2008, 11:27 am 11:27 am
donn the country is in the shape it’s in because the country is filled with dumb people filled with greed high and low!!! this colapes started with the building boom which started in the clinton administration.by idiots that paid 50% to much for their mortages and the banks that allowed them to do so and by giving idiots that couldn’t afford the loans to begin with as far as i know that was a carter admin bill expanded by clinton
Posted by: steve | November 11, 2008, 11:27 am 11:27 am
Obama ‘s arrogance knows no bounds. Bush has been more than gracious in this transition process. Obama, as usual takes advantage of it.
Jake, why don’t you comment on the fact that every leak is from Obama’s vantage point. He goes to the WH and he has the meeting agenda? Give me a break. It was a time for him to appear gracious and listen to what President Bush wants to tell him as the tansition begins. It’s not the time for him to push an agenda while Bush is still president. His team leaking is so typical of his character.
Obama even tries to look more presidential by putting his arm on the back of President Bush while walking (while photos were taken of course). Several newspapers pointed out how this is a habit of Obama’s that he used with every leader in Europe to look like he is the “leader”. I was interested to see if he’d do it with Bush during the photo-ops, and sure enough he did.
Posted by: Lara | November 11, 2008, 11:29 am 11:29 am
“he couldn’t do much worse than what we’ve had -”
I love such foolish statements, of course he can do worse! He has to also deal with a power hungry speaker of the house who does not give a crap about anyone outside her own district!
Posted by: Mike_C | November 11, 2008, 11:30 am 11:30 am
Where are you people???? Obama is friends with the terrorists who took down the twin towers? Because of his name (?) are you assuming this?????
Why should we keep bailing out these companies? Who pays for it? AIG bailed out, goes on trips and then wants more money? What kind of deal is this? I would like the government pay me for bills and then go on a vacation.
Give Obama a chance, he is not even in office yet. He has been working to get the very best in his cabinet.
Would we be better with McCain or Palin? I think not. Palin doesn’t know what a vp does, nor policies.
If they had faced the issues during the campaing instead of slamming Obama, they may have had a chance, yes only a chance.
Palin dragged McCain down, whether you like it nor not. She does not have the knowledge to be vp or pres. Heaven help us, if she ever gets in office.
I think the most important thing, we can do is back our President-Elect. Give him a chance, he is walking into a horrendous mess. Just because he is part black many are jumping around.
I support Obama and I think he will do all he can to help us and our country. Remember, others have been in office and have had NO experience.
Posted by: smt | November 11, 2008, 11:33 am 11:33 am
May 31, 2008 – Ford announces $3B investment in Mexico plant to build the Ford Fiesta, which will replace larger models built in the US. Ford President Alan Mullaly states “We are convinced the geographic location as well as Mexico’s highly qualified labor force and economic stability make this decision the right one for our business.” It is estimated the new plant will create 4,500 new jobs — in Mexico.
November 9, 2008 – GM, which is seeking bailout from the federal government, announces opening of its first Russian factory in St. Petersburg.
Way to go Obama, no mercy for those companies sending American jobs overseas.
Posted by: vancav | November 11, 2008, 11:34 am 11:34 am
I remember a time shortly after 9/11 the American people were angry and wanted revenge. Plenty of Democrats came out saying Sadaam needed to be taken out if he didn;t disarm. And Congress voted for war. So don’t say this is Bush’s war. There are plenty of Dems that approved it and pushed for it. And guess what? You voted a lot of them back in.
Posted by: jschmidt | November 11, 2008, 11:38 am 11:38 am
I’m sure that Japan would protect Toyota from going bankrupt, or Germany would protect Volkswagen. So what’s wrong for America to protect its own companies?
Even for national security reasons, if you don’t save them, then where would you build tanks and airplanes if we have WW3? Do you think Honda would build them for us? I don’t think so.
Yes, their portfolio planning could have been done better; but the big 3 are also in the middle of turnaround plans when the credit crisis all sudden hit the entire economy, and they are not immune to it. So, don’t play the blame game 100% on them.
Posted by: American Worker | November 11, 2008, 11:40 am 11:40 am
$ 40 Billion to AIG but no $ 25 Billion to aid the auto industry. Yes, they made mistakes, but not to the degree of the banking industry that we are pumping money into while they party in Arizona. A point to remember is that hundreds of small businesses that have provided parts and services to the auto industry are also going out of business if the auto industry tanks.
Posted by: Harley
Harley,
If the US auto makers croak, does that mean the demand for cars dies as well?
Many of these smaller companies will still have a market for thier components. It just that they will also have to adjust and make components for foreign cars at a more economical price.
Posted by: Mike_C | November 11, 2008, 11:40 am 11:40 am
Ford President Alan Mullaly is reported to have received $28 million in compensation for four months of work in 2007. $40.5 million in 2006.
Posted by: vancav | November 11, 2008, 11:41 am 11:41 am
Bail out BIG 3 Automakers?…
1. Any bailout would only secure the union wages and benefits that MUST go away if the automakers ever hope to compete globally.
2. Why should taxpayers pay to “retool” when the big 3 should pay for that themselves? If a company refuses to plan and finance change…then they find themselves liquidated by an efficient market!
Posted by: Steve from VA | November 11, 2008, 11:43 am 11:43 am
Obama even tries to look more presidential by putting his arm on the back of President Bush while walking (while photos were taken of course)….
Posted by: Lara | Nov 11, 2008 11:29:06 AM
With things like a mock presidential seal, stage sets with ornate “Greek” columns (like on the White House), and even the nicknaming of his own plane (“O Force One”), Obama has been playing fantasy president for so long he might actually think he already is the President.
Posted by: OBAMANATION [uh-bom-uh-NEY-shuhn] | November 11, 2008, 11:47 am 11:47 am
vancav- my guess is that Ford and Gm are building plants overseas to sell cars overseas. That make perfect financial sense. If they built a car in the US to send to mexico or Russia, it could not be competitive. This is similar to Honda, Nissan and Toyota building plants here to sell cars here. I don;t think you can say GM and Ford are shipping jobs outside of the US by building a plant overseas. If they built a plant overseas to build cars sold in the US, then you have an argument. But building plants overseas is no different than building computer, TVs overseas except in those cases computer and TVs are being built for US companies to sell here. If you want those to built here, than you better be willing to pay the higher price.
Posted by: jschmidt | November 11, 2008, 11:47 am 11:47 am
I remember a time shortly after 9/11 the American people were angry and wanted revenge. Plenty of Democrats came out saying Sadaam needed to be taken out if he didn;t disarm. And Congress voted for war. So don’t say this is Bush’s war. There are plenty of Dems that approved it and pushed for it. And guess what? You voted a lot of them back in.
Posted by: jschmidt
—————
I told many friends at the time this would be an ongoing action for many years and that after a couple of years with no attacks, the liberals would come crawling out demanding we cut back because there had been no attacks. They would very quickly establish “selective” memory in regards to 9/11 and the anger we felt that day.
I will give credit to those who voted no to the war in Iraq and they are they only ones who have the right to complain. anyone that voted for the war based on the intel of the day is as “Guilty” as Bush of doing the “wrong thing”.
The only problem with this whole WMD BS is anyone with an ounce of common sense should be able to grasp the idea that if we had only moved our military to Afganistan, these terrorists would have simply moved to the middle east while our build up was on going. We would have had to move into Iraq at some point anyway. To think otherwise is being incredibly nieve and shows a true lack of understanding of how these guys work.
Posted by: Mike_C | November 11, 2008, 11:49 am 11:49 am
So conversations between presidents is no longer confidential? Obamas people are leaking anything to undermine bush at this point. Shows you they have no class. They used the media to brainwash the public, and now they are going to show their real face. It gets ugly from here on
Posted by: Hip | November 11, 2008, 11:59 am 11:59 am
Spend Spend Spend!
Spend more money!
Woooooo!
Throwing money at the problem will not work. Neither Obama or Bush get it.
Posted by: JoshLowry | November 11, 2008, 11:59 am 11:59 am
To address some of the uninformed on this blog:
1) The media were allowed into a portion of the meetings yesterday, following the two around taking pictures and collecting tidbits to publish. Therefore, the only people that “leaked” this information was the media, who was placed there to REPORT.
2) Obama is not a terrorist and is not affiliated with such. Out of all the countries and world citizens who learned of Obama’s election results, those in Iraq, Afghanistan, and Iran were not thrilled. Journalists even reported that terrorist websites overseas had blog comments about how the terrorists wished McCain had won. No joke, look it up.
3) Of course Obama looks Presidential, he’s SUPPOSED to! If he didn’t look the part, act the part, and hit the ground running some of you would be at his throat even worse than you are now.
Posted by: Kim W. | November 11, 2008, 12:00 pm 12:00 pm
jschmidt: I will agree with you on GM’s Russian plant, but the Fiesta is being produced for the US market. It’s one of those high MPG cars everyone wants Detroit to manufacture, but Ford can’t afford to build it in the US. It’s a double whammy for the UAW because the Fiesta is expected to replace US produced models. Nothing new, as the Mexican and Canadian borders are lined with industries supplying the US auto industry.
Posted by: vancav | November 11, 2008, 12:00 pm 12:00 pm
I still think the best solution to this housing crises is simply to weather it out. They’re not making more land. Rather than save the big 3, allow them enough money for a “furlough” of three months where everybody (including execs) accepts a minimal furlough pay and production is cut drastically to better meet low demand. Is anybody thinking creatively?
Posted by: scotti | November 11, 2008, 12:02 pm 12:02 pm
Obama’s looking to make a mark.
If he pushes Bush on this decision and it goes well, he’s going to gloat and take all of the credit.
If this fails then he’ll blame Bush.
I say, wait for the stimulus package, let Obama be a responsible dictator and do it himself.
Posted by: BT | November 11, 2008, 12:03 pm 12:03 pm
great – a two headed snake – why can’t hillary have been nominated? boys….
Posted by: shannonk | November 11, 2008, 12:05 pm 12:05 pm
1) The media were allowed into a portion of the meetings yesterday, following the two around taking pictures and collecting tidbits to publish. Therefore, the only people that “leaked” this information was the media, who was placed there to REPORT.
To those who dont understand the concept here…..
The actual real discussions were PRIVATE!
Of course there were some moments for the media, but the real sit down and talk time was just Obama & Bush. No media!
Get a clue, If this were info that a media person got, they would have been credited with it. It didn’t say an ABC News source..it said sources told ABC News. For thse who are uninformed as to how things really operate in Washington, “sources” are 99 times out of 100 inside people.
Posted by: Mike_C | November 11, 2008, 12:05 pm 12:05 pm
SPIN…. Since it was JUST the two of them in the room….It’s BO story… he and his lackeys can spin it anyway he wants…… and I’m sure he wants it taken care of before assumes office…. that way if it fails.. He’ll blame it on Bush…. if it works he will take credit for it…. and the bias media will help him do it….
Posted by: MediaTalkingPoints | November 11, 2008, 12:06 pm 12:06 pm
Until recently US administration was suing foreign companies before international courts on matters of companies being subsidized by their governments. Top officials were explaining that companies unable to survive were to disappear for the good of economy, opening the way for more competitive new companies to develop.
Do antiquated monsters like GM need to survive. Certainly not.
Posted by: frenchreader | November 11, 2008, 12:09 pm 12:09 pm
I still think the best solution to this housing crises is simply to weather it out. They’re not making more land. Rather than save the big 3, allow them enough money for a “furlough” of three months where everybody (including execs) accepts a minimal furlough pay and production is cut drastically to better meet low demand. Is anybody thinking creatively?
creative solution for 3 months…nothing more
They are in this position because they building cars people do not want to buy! Your solution is only going to postpone this until the next quarter.
Posted by: Mike_C | November 11, 2008, 12:10 pm 12:10 pm
Mike_C – Where would the Al Qaeda terrorists have operated in the Middle East, if we had not removed Saddam for them? It is very difficult to conduct terrorism in a police state, which is why they could not operate in either Iraq or Saudi Arabia. Shiite Iran certainly would not have accepted them. About all they would have had is Yemen, and that is rather an exposed position from which to conduct a global jihad. No, northwestern Pakistan suits them just fine, and they will stay there until they are forced out.
Posted by: jock59801 | November 11, 2008, 12:11 pm 12:11 pm
Ah yes…finally a ‘real’ President. Can’t wait to see Bush get the hell out of the way so we can finally get back on track.
Posted by: I voted for 'that one' | November 11, 2008, 12:12 pm 12:12 pm
Paul Harvey reported yesterday that a GM plant in Oklahoma is now working overtime to produce SUV’s because the demand is up because of the lower gas prices! How ironic!
Posted by: bob | November 11, 2008, 12:13 pm 12:13 pm
jschmidt wrote: “I remember a time shortly after 9/11 the American people were angry and wanted revenge. Plenty of Democrats came out saying Sadaam needed to be taken out if he didn;t disarm. And Congress voted for war. So don’t say this is Bush’s war.”
But Bush mislead the Congress and American people by hiding or outright misrepresenting information gathered by agencies controlled by the White House. So, yes, it was Bush’s war.
The CIA’s Joseph Wilson investigated and told the White House that the Nigeria-Iraq uranium paper was a forgery. Yet Bush had that paper displayed at the UN. And Wilson’s reward for speaking out was to have his wife, Valerie Plame, put in danger by the White House when it leaked her name. I could go on and on.
Posted by: Mickey | November 11, 2008, 12:13 pm 12:13 pm
Kim W: You are wonderful! Thank you for clearing some things up for the critics!
Of course, no one who dislikes Obama will listen. Failed promises and all that. I mean, he is the first president in history to ever not make good on a promise, right? Oh wait, I mean president ELECT. Really – why give him a chance to actually be inaugurated before trying to make good on what he said?
People are hilariously critical…according to his opposers, Obama is either obnoxious for trying to get a head-start on our problems OR he hasn’t changed enough yet and isn’t moving fast enough for them (depsite the fact he’s not even in office and anything he says is a suggestion, not an order).
Ah, hey…at least they’re consistent in their general bitterness! Hold your breath crankypants, maybe you’ll get your way in 4 more years. If ANYTHING is actually good enough for you.
Posted by: snazzygirl4 | November 11, 2008, 12:15 pm 12:15 pm
dan: Yes, that was my original point. “Cannot afford” is Ford’s excuse while paying its president $40 million per year. But why is Obama seeking to reward Ford which is sending jobs overseas when he expressly promised not to continue the failed policies of the Bush administration? Is that why he wants Bush to do it on his watch?
Posted by: vancav | November 11, 2008, 12:18 pm 12:18 pm
Well only the two there but a leak. Since its a pro Obama side I guess Obama can not keep his month shut on private matters or he is using this to make himself president. If this is going to be his foreign policy with close door meetings we are in for very harsh times that will make Bush years look great. With these public announcement he is trying to force Bush to carry out his (Obama) ideas. If they succeed he will take credit if it fails them blame Bush. With these leaks Obama is looking very immature in leadership ability to the world.
Posted by: pohcd | November 11, 2008, 12:19 pm 12:19 pm
For thse who are uninformed as to how things really operate in Washington, “sources” are 99 times out of 100 inside people.
Posted by: Mike_C | Nov 11, 2008 12:05:37 PM
—————————————-
If that’s the case, then at least people are informed enough to know Republican party leaders aren’t intelligent enough to make strategical leaks since everyone swears it was the Obama camp.
It could have been either party. Where’s your press pass? If you know it was Obama’s camp then you must have been the media person they leaked to…
(Not directed at you personally Mike.)
Posted by: snazzygirl4 | November 11, 2008, 12:20 pm 12:20 pm
Well all I’m saying is, if they cant fix their inventories in three months then there probably is no saving them and we shouldn’t bother to bail them out.
Posted by: Scotti | November 11, 2008, 12:21 pm 12:21 pm
Bush ought to step aside right now so that a real president of 95% of American people can take over. But wait, I forgot, Bush wants to have his final going away party with his 5% of ‘haves and have mores’ so they can toast the financial rewards that they’ve raped away from the good American people’s pockets.
Posted by: bob | November 11, 2008, 12:24 pm 12:24 pm
Mickey- can you prove Bush mislead anyone? And you’re telling me Bush was smarter than Kerry, Mrs. Clinton, Gore, Pelosi, Powell and the rest so that he could actually mislead them? And earlier this year, the US secretly moved tons of uranium ore out of Iraq- they were afraid it would be used for a dirty bomb. No your excuses are just that. Excuses to get the Dems off the hook. If your party was so dumb to be mislead by Bush why did you vote them back in? No Sadaam never imagined that Bush would call his bluff. The UN never- they didn;t even enforce their own resolutions. Bush did. If you’re not willing to punish you shouldn;t threaten. And there was a lot of public support for going to war. Americans have short memories.
Posted by: jschmidt | November 11, 2008, 12:27 pm 12:27 pm
Bob- 95% of Americans? Obama had 46% vote aqainst him. It wasn’t a mandate. So stop being ridiculous.Maybe 95% of the media wanted him and they voted him in with their propaganda.
Posted by: jschmidt | November 11, 2008, 12:29 pm 12:29 pm
No offense, republicans, and I used to be one of you, you guys had your shot and you failed…miserably! Crying here like a bunch of stuck pigs is not going to help our country at all. Democracy is about voting for a president, the people have voted, their voices have been heard, the president has been chosen, he is the nation’s leader and we will stand behind him! The elections over, ask yourself are you ready to move on together and follow the constitutionally elected government or are you just gonna be dead skin? Country first, not party first. I have always believed that and I know you do too.
Posted by: Scotti | November 11, 2008, 12:29 pm 12:29 pm
snazzy,
No offense taken. This is the way Washington works, for BOTH parties. Nothing new here at all.
A much larger issue that Obama should be focusing on is the Move by Pelosi/Reid to broker this auto makers deal without involving him!
He should make a public display of them coimng to meet with him. In private he should be blasting them for even thinking about doing this without publicly seeking his council on the matter.
Pelosi seems to think she is in charge of the country. That was very evident back around the Labor Day weekend, when she REFUSED to stay in session and work on an energy bill. Gas was over $4 at the time and threatening to go even higher. She did NOTHING to help, but send the house home to campaign.
Now all of a sudden, with a new President-Elect barely a few days into froming his team and beginning the transition, she decides its a good time to go off on her own (Well…with Reid) and try to broker a deal of this magnitude!
This is one reason why I felt Obama was not ready yo be president. He has already allowed this to take place, without a public display of “taking them to the woodshed” as it were.
Now they have forced Obama into dealing with this now, when technically its still not his job yet!
Posted by: Mike_C | November 11, 2008, 12:30 pm 12:30 pm
people needs jobs.. and the auto industry is one of our largest employers.
This economy wil never get better until we re-establish and / or create high paying jobs with excellent benefits.
Obama is spot on in how he is going about things. bush and the conservatives are hell bent on putting this country in the toilet just to have an “I told you so” moment.
republicans are so insane that they would rather fully destroy this country then concede that they screwed the country up.
just reaidng these messages from conservatives / rebulicant’s pretty much ensures we will have a civil unrest in this country that will be very bitter and could turn violent.
I keep reading conservative view points and I just want to puke.. .just knowing people like that exist frightens me to the point I feel I will have to defend myself from them by any means possible.
Posted by: Daryl | November 11, 2008, 12:33 pm 12:33 pm
jschmidt: Of course the American people fell for those lies, especially after Bush told us the Saddam was the onbe who placed the anthrax in our mail. We trustyed him at the time toi tell us the truth, but his bold faced lies ended up costing us over 4,000 more American lives and nearly 1/2 million Iraq civilian their lives, plus the complete destruction of their country.
Posted by: bob | November 11, 2008, 12:35 pm 12:35 pm
The elections over, ask yourself are you ready to move on together and follow the constitutionally elected government or are you just gonna be dead skin? Country first, not party first.
——————————–
My only views on this are simple, I will support him and be critical when its needed.
That is a far cry from the BS treatment Bush got after the 200 election. The true Cry-Babies in this country are the libbies who whined and complained for years about ’00 election. They never showed Bush the respect or the support that they all demand now for Obama.
Perhaps in your attempts to “unite”, you may want to remember this in the future, when the next Republican is elected.
Posted by: Mike_C | November 11, 2008, 12:35 pm 12:35 pm
vancav- I don;t have the information- but I’d like someone to do a study and state why Toyota, Honda, Nissan can build a car in the US and make a profit while Detroit Can’t. Then maybe we can concentrate on the differences and equalize the game. Is it union cost only or does Japan subsidize the parts and labor to build the cars. I would guess union costs are a big factor and the union pensions and health costs are big. To subsidize the auto companies to continue to pay the same high costs makes no sense. But would Obama expect the unions to put up some givebacks for this bailout? I doubt it. I also seem to recall that Congress gave the auto industry 25billion in loan guarantees just before the big bank bailout? Anyone remember that?
Posted by: jschmidt | November 11, 2008, 12:37 pm 12:37 pm
If Bush was human. if Bush as patriotic he would resign today and allow the next president to make the changes necessary. Everythign Bush did was failure. how else do you get a 6 % approval rating…
Wake up republicant’s 6% approval rating says it all… the faster we push this guy aside the faster we can change the direction of this country
Posted by: Daryl | November 11, 2008, 12:39 pm 12:39 pm
jschmidt There have been plenty of books, some by the president’s own inner staff, documentation, and investigations that have proven Bush intentionally misled congress and the world into going into Iraq by using only information that he wanted to use, because quite frankly he just wanted to go into Iraq. I’m sorry it has all passed you by. Try reading sometime.
Posted by: Scotti | November 11, 2008, 12:40 pm 12:40 pm
To address some of the uninformed on this blog:
1) The media were allowed into a portion of the meetings yesterday, following the two around taking pictures and collecting tidbits to publish. Therefore, the only people that “leaked” this information was the media, who was placed there to REPORT.
2) Obama is not a terrorist and is not affiliated with such. Out of all the countries and world citizens who learned of Obama’s election results, those in Iraq, Afghanistan, and Iran were not thrilled. Journalists even reported that terrorist websites overseas had blog comments about how the terrorists wished McCain had won. No joke, look it up.
3) Of course Obama looks Presidential, he’s SUPPOSED to! If he didn’t look the part, act the part, and hit the ground running some of you would be at his throat even worse than you are now.
Posted by: Kim W. | Nov 11, 2008 12:00:38 PM
1) Then why did Jake write, “SOURCES tell ABC News the general message Obama conveyed was: Let’s not wait for a new president before action is taken on the economy.” (Caps added for emphasis.)
2) I agree Obama is not terrorist. The fact, though, that we have to pause even for a fraction of a fraction of a second to ponder this qusetion does not inspire confidence. I hope as President he will be less careless with who he associates and socializes. As Americans, I hope we all feel this way.
3) So much about Obama appearing “presidential” this past year was rooted in superficial things like stage sets, mock presidential seals. and so forth, it was as if we were watching a $700 million dollar movie. The question to be answered still: Is there real substance to the leading man when the cameras are not rolling?
Posted by: OBAMANATION [uh-bom-uh-NEY-shuhn] | November 11, 2008, 12:40 pm 12:40 pm
mike_c–the reason there was so much “whining” about Bush after the 2000 election is because he did not win the popular vote. Not only did Obama win the popular vote, but he did so by a pretty wide margin.
Posted by: tj | November 11, 2008, 12:42 pm 12:42 pm
bob – in a court of law there has to be 100% proof. Is it possible that Bush was mislead by the evidence. It is possible that Sadaam was a successful liar. Don;t forget one of the criticisms of intelligence was we had no insight into the working and secrets of the the Iraqi government. Sadaam got rid of anyone who could have informed. Remember intelligence told Clinton the baby factory was a missile factory. No one criticized him. It could be our intelligence was bad and everyone jumped to the same conclusions. But to say Bush mislead everyone even those intelligent Democrats who always touted Bush as stupid is unbelieveable. Doesnt say much for their intelligence.
Posted by: jschmidt | November 11, 2008, 12:44 pm 12:44 pm
we cannot keep bailing out failed/corrupt/ industries/ceo’s/and companies.
as far as the auto industry they have not kept up with alternative energy options in manufacturing-why pay them to keep cranking out gas hogs?
Posted by: nevada 2 | November 11, 2008, 12:44 pm 12:44 pm
Bush certainly doesn’t want to add this failure to his on-going list during his infamous presidency. He should take Obama’s advice. Obama should require the automakers to focus on building energy efficient cars in America. One of the reasons they are going under is that they continued to make big gas guzzlers long after they were obviously bad for the environment and the economy.
Posted by: DebNStPaul | November 11, 2008, 12:45 pm 12:45 pm
Scotti- it is opinion not proof.
Posted by: jschmidt | November 11, 2008, 12:46 pm 12:46 pm
nevada 2–i agree, as a matter of fact Ford manufactures a highly fuel efficient car that is available in Brazil, but not the US. why is this?
Posted by: tj | November 11, 2008, 12:46 pm 12:46 pm
DebNStPaul- I would argue that any car that sells is good for the economy. Detroit built the big cars because they sold and the margins were higher. Unfortunately they were also gas guzzlers. In the small car business, Detroit can’t be as competitive. What needs to be found is can the be competitive in the small car business or will they always lose out to the foreign makers.
Posted by: jschmidt | November 11, 2008, 12:53 pm 12:53 pm
a cogent haiku for the rich elitists follows:
4/15 4/15 4/15 4/15
selfish egocentric republicans ,enjoy!
4/15 4/15 4/15 4/15
;)
Posted by: bah | November 11, 2008, 12:54 pm 12:54 pm
But to say Bush mislead everyone even those intelligent Democrats who always touted Bush as stupid is unbelieveable. Doesnt say much for their intelligence.>>>> You tell a lie often enough and the public will begin to believe it. Before the invasion of Iraq, Saddam even pleaded with Bush not to invade and that he would go into exile if need be, but good ole Bushie wanted to have his way just like a rich spoiled rotten kid. Consumed by his greed, he couldn’t get all that black gold off his mind. Most people didn’t know how ignorant he was until he declared ‘Mission Accomplished’!
Posted by: bob | November 11, 2008, 12:55 pm 12:55 pm
people needs jobs.. and the auto industry is one of our largest employers.
This economy wil never get better until we re-establish and / or create high paying jobs with excellent benefits.
Obama is spot on in how he is going about things. bush and the conservatives are hell bent on putting this country in the toilet just to have an “I told you so” moment.
———————————-
So your in favor in taxing these companies then ? That is EXACTLY what Obama has promised! Much of the work on an American car is done outside of this country! He has promised to increase taxes on ANY business that does that!
You do not just CREATE high paying jobs! It really is incredible to me how nieve and foolish people are. They have no idea how a so-called high paying job comes about, or the very simple fact that everyone in this society CANNOT make 75K or 100K a year.
Many of us attempted to warn you what was coming if Obama was elected. Wait & see just how many more jobs go bye-bye as he tries to implement his promises.
It is because of this artificial high paying job creation, that the auto industry began to fall. You cannot compete with foreign auto makers when you pay someone nearly twice the wage to perform a task as your competitor does. It gets worse when you also turn out an inferior product! This has been the story of the american auto industry for years now.
Even now, with the unveiling of some of the new generation hybrids that you see are just expensive beasts that really offer nothing any better than what your driving now.
Simple example…the Escolade Hybrid????
Complete Joke!!! A hybrid that gets 20 MPG!!!! For OVER $70,000 !!!!Yep…going to be millions of those on the road!
My 4cyl minivan cost me 15K 4yrs ago and gets better than 26 MPG. Oh Yes, Im running right out to spend my kids college moeny on an Escolade that gets WORSE gas Mileage!
The future Fuel Cell based cars are still YEARS from hitting the roads for the common people.
Posted by: Mike_C | November 11, 2008, 12:55 pm 12:55 pm
mike_c–the auto industry is going out of business because they are not making fuel efficient cars, not because they are paying their workers 75-100K
Posted by: tj | November 11, 2008, 1:12 pm 1:12 pm
The number one job facing the middle class, and it happens to be, as Barack says, a three-letter word: jobs. J-O-B-S.
Posted by: OBAMANATION [uh-bom-uh-NEY-shuhn] | November 11, 2008, 1:13 pm 1:13 pm
mike_c–the reason there was so much “whining” about Bush after the 2000 election is because he did not win the popular vote. Not only did Obama win the popular vote, but he did so by a pretty wide margin.
TJ,
Again, liberals whining…the president is elected but the vote of the Electoral College. You dont have to like it, but it is the LAW. Kennedy only won the popular vote by a little over 100,000 out of a total vote of almost 69,000,000. And he did not get over %50 over the vote. Yet, he won huge in the electoral vote! No one was whining about it then!
In 1968, Nixon won with 43% of the vote, but again a big win in the electoral college. in 76, Carter got more than %50 of the vote, but won a close electoral college vote. In 92, Clinton only got %43 of the vote but had a landslide win in the electoral college. He did the same in 96 – landslide electoral win, but didnt get %50 of the vote.
I dont recall whining after those elections. No people screaming to overhaul the system because they lost! People stood up as Americans and supported the new president.
This syem has been in place with this kind of flaw for over 200 yrs. It works – get over it already!
Posted by: Mike_C | November 11, 2008, 1:13 pm 1:13 pm
Maybe what we are seeing is the end of the industrial age-style corporation. Maybe it’s the business model that’s out of date. Working for a large corporation used to be a good deal: great benefits, high paying jobs, decent pension, etc. All of that is going away. Maybe we’ll see the return of the small business where the owner is more accountable. Sink or swim.
Posted by: tj | November 11, 2008, 1:16 pm 1:16 pm
mike_c–the auto industry is going out of business because they are not making fuel efficient cars, not because they are paying their workers 75-100K
Posted by: tj
—————————–
Hmm….sarcasm…study the concept!
th epoint is unless you want some version of a socialist society for everyone, there will always be some people who are making more than others.
What no one wants to stand up and admit here is the simple fact that you cant have a HS graduate who has is working an entry level positon in a company making the same amount of money as a college graduate who is working in a position demanding a higher skill set than the HS grad.
Scale it out any way you want to, the system will not work if those two individuals are making the same wage!
If you insist on maing the minmum wage say $25/hr, what do you think a loaf of bread or a gallon of milk is going to cost ?
The simple fact of life is the is no system of labor that works that in not some form of a pyramid.
Posted by: Mike_C | November 11, 2008, 1:21 pm 1:21 pm
mike_c–I’m happy that Obama won, I voted for him. My point to you was that you can not compare his win to Bush’s “win” in 2000. Bush was put in office after the Supreme Court stopped the re-count in Florida which Bush won by only 537 votes. Of course this was going to be controversial, all of the examples that you cited do not compare.
Posted by: tj | November 11, 2008, 1:21 pm 1:21 pm
mike_c–have you lost your marbles? I never said that a HS graduate should make the same as a college grad. My point is that the auto industry needs to make a better product period. Why does Ford make a very fuel efficient vehicle in Brazil, but not the US? That’s the point I’m making.
Posted by: tj | November 11, 2008, 1:24 pm 1:24 pm
“mike_c–I’m happy that Obama won, I voted for him. My point to you was that you can not compare his win to Bush’s “win” in 2000. Bush was put in office after the Supreme Court stopped the re-count in Florida which Bush won by only 537 votes. Of course this was going to be controversial, all of the examples that you cited do not compare.”
——————————-
He WON….plain and simple…and people like yourself are the PROBLEM!
You cant get over it. My examples are perfectly valid. When the diference in an election with 69 million votes cast is less than 0.2 %, obviously it was a closely contested race! The was no whining back then, there was no outrage. Nop cry to throw out the electoral college system. This possiblity ofr this has existed since the beginning, This was the way the founding fathers put it together!
Only in 2000, and oh by the way, if GOre had only carried his OWN state, he would have won!
Posted by: Mike_C | November 11, 2008, 1:30 pm 1:30 pm
Bob- Bush’s oil war- wow that is the biggest misconception. So Bush started the war to get Iraqi oil. There were a lot easier ways to get oil. And yes ant oget Halliburton rich- yes I guess if you do say something long enough people will believe it. The left has been publishing the oil and halliburton war for years now, so people are believing it. But of course it is all untrue just more propaganda from the left. Of course we’ll never agree on this. I believe Bush has been tarred unjustly. After 9/11 and the tech bubble bursting he did his best to get the economy on track and that cost money. The tax cuts helped and along with the war on 2 fronts and creating Homeland security increased the deficit. We had prosperity with low unemployment, rising stock prices. The wars were not executed correctly with the worst thing being done was disbanding the Iraqi army. But that’s another story. Then came the subprime crisis, the cause going back into history with the 70s when Dems forced banks to give loans to the unqualified if the banks were going to be allowed to expand. The mortgages were securitized in the 90;s with both parties and Clintons approval.In 2005 Democrat Frank said Fannie was a great company while taking Fannie campaign contributions. And this year, with Democrat Dodd getting a special mortgage from Countrywide, the Dems controlling Congress for 2 years,Murtha knowing about the crisis 6 months before it peaked, the subprime crisis peaked. Of course Pelosi denies that it is anyone elses fault but the Republicans. Now we have bailouts and another recession. Combine that with the worst hurricanes in years that forced evacuations of 3 states, and you have a lot of money spent and a deficit. Since the worse thing to do in a recession is to raise taxes on anyone, we will have more deficits. So Bush has been a target of the left but the very people who caused some of these issues like subprime such as Dodd, Frank, Pelosi are still in power to do more mischief. So now that Bush is not going to be President, who will the left target as the cause of everyones problems??? Probably the american people who are greedy, bitter and embrace guns and religion. Where did I hear that before?
Posted by: jschmidt | November 11, 2008, 1:30 pm 1:30 pm
the price of gas is artificially being lowered to sucker us into purchasing gas hogs. once the auto industry gets back on its feet economically and we are tied into car loans then the price of gas goes back up.
Posted by: nevada 2 | November 11, 2008, 1:31 pm 1:31 pm
nevada2- who is doing the artifcially lowering of gas prices? I thought it was tied to supply and demand, but silly me.
Posted by: jschmidt | November 11, 2008, 1:39 pm 1:39 pm
any industry, business, corp that gets so big that its failure will cause our global economy to tank is a liability that we cannot afford.
that should be the lesson learned.
the auto industry for example is holding us hostage right now-it is either bail us out or else.
Posted by: nevada 2 | November 11, 2008, 1:39 pm 1:39 pm
“mike_c–have you lost your marbles? I never said that a HS graduate should make the same as a college grad. My point is that the auto industry needs to make a better product period. Why does Ford make a very fuel efficient vehicle in Brazil, but not the US? That’s the point I’m making.”
Their failure began with giving into the unions and allowing union workers to make outrageous amounts of money in comparison to what foreign auot makers were doing. Ask yourself this, why are foreign auto makers having better success making cars in America. One part of it is there are NOT unionized. There are paying good wages, but not wages out of line for the work being done.
Second, they are indeed making a superior product. Again, the US auto makers have not learned the lesson, and now they are about to collapse. As I stated, even the hybrids are pretty much a waste as far as appealing to the real US market.
The fuel cell technology is still a very long way form the every day person. Even Honda’s is still astronomically expensive to build, and only available in exteremly limited quanity for lease…at $600/month for 3 years! And at that, Honda is hand picking who gets them. They are targeting families with an income of at least 150K.
Posted by: Mike_C | November 11, 2008, 1:40 pm 1:40 pm
supply and demand plays a role absolutely.
but the oil and gas industry profit and stock is dependent on us the consumer continuing to buy gas hogs.
by lowering the price of gas we are lured into buying gas hogs and getting back into debt.
that helps the credit industry and oil and gas stock but how about the consumer.
Posted by: nevada 2 | November 11, 2008, 1:51 pm 1:51 pm
hhmmm i read here.. “impeach obama” i hear it is alll obamas fault and bush is a nice guy!!! i REALLY hear a load of whining republicans who will not accept that they have LOST!!! impeach obama??? FOR WHAT??? HE HAS NOT EVEN TAKEN OFFICE YET but your hero bush has taken our constitution and flushed it and has screwed us up so badly FOR 8 YEARS!!! i did not hear you calling for impeachment of bush! i really truly understand why your party has been purged and the american people have shunned you!
Posted by: craig | November 11, 2008, 1:53 pm 1:53 pm
to add to my last post! the republican party has catered to the wealthy for 8 years…. while i pay more taxes than a ceo and barely make ends meet…. AND I AM SUPPOSED TO VOTE FOR YOUR IDIOTS??
after seeing the circus of lies you called a “presidential campaign” and the phoney mantras that changed weekly… even the obama mantra “change” ripped off…. i heard a load of crap and lies and innuendos yet no real strategies or solutions from mclame… lets touch on failin palin…. i heard and saw nothing but a crackpot liar promoting her own ambitions and slandering yet cannot even name a newspaper she reads!!! come on…. WHO DO YA THINK YOUR TALKIN TO HERE???? if your party of failures are banking on sendin in your “loudmouth with lipstick” as your bid for our next president i would think america would laugh you out of what little business you have left here!!! she is incompetent and emptyheaded yet you look for any phoney to carry the (r) for you !!!! AT THE RISK OF OUR NATION!
Posted by: craig | November 11, 2008, 2:10 pm 2:10 pm
I really don’t understand how bailing out all these companies (auto & banks) really is going to help. If no one can afford to pay their mortgages, credit cards, etc, how in the world are they going to purchase new cars.
Give us $300.00 stimulas package will not help. If they just gave everyone who paid taxes a quart million dollars, it would have been a lot less then what this bailout is, plus I’m thinking a lot of people would be able to pay off their debt and purchase new cars and other items.
Posted by: krtnews | November 11, 2008, 2:24 pm 2:24 pm
to add to my last post! the republican party has catered to the wealthy for 8 years…. while i pay more taxes than a ceo and barely make ends meet….
LOL…you need to actually look at real numbers, your ranting is just that…ranting…no facts…all just rehashing of political rhetoric
Posted by: Mike_C | November 11, 2008, 2:36 pm 2:36 pm
MaryD ..What exacly in the leaked conversation should be private?
Posted by: moderaterepublican | November 11, 2008, 2:57 pm 2:57 pm
No time for the conomy. George Bush is busy righting (writing) a book on the results of his presidency. See George run. Run George, run.
Posted by: JoeForSure | November 11, 2008, 2:57 pm 2:57 pm
Mike C–Ford, an American car company, already has the technology to make a more fuel efficient car. They are already selling them in Brazil, where there is an abundance of alternative energy vehicles. Why can’t Ford sell the same car in the US? There ability to sell these cars in the US has nothing to do with the Unions.
Posted by: tj | November 11, 2008, 3:03 pm 3:03 pm
Examples of more fuel efficient cars made in Brazil:
The Montana is based on GM’s subcompact Corsa car. Its 1.8-liter FlexPower engine generates 112 horsepower at 5,600 revolutions per minute and 174 foot-pounds of torque at 2,800 revolutions per minute. But it’s a spunky, stable little thing at high speeds. Its five-speed manual shifter works smoothly. With its barely five-foot-long cargo box, it offers urban utility while minimizing urban parking hassles. The interior is one of the best looking I’ve seen in any small truck. It averages the U.S. equivalent of 35 miles per gallon on the highway.
–The Chevrolet Celta, a FlexPower one-liter, four-cylinder subcompact car that is too much of a lightweight for long U.S. highway runs. But it would be perfect for daily suburban-urban commuting. It gets the U.S. equivalent of 40 mpg. You can park it on a dime. It’s the perfect car for academic and corporate campuses. The engine generates 70 horsepower at 6,400 revolutions per minute and 86 foot-pounds of torque at 3,200 revolutions per minute. Cute.
–The Chevrolet Corsa hatchback and Chevrolet Meriva city wagon, both of which are excellent substitutes for American-style minivans that are anything except “mini” and small-to-mid-size “crossover vehicles” that are minivans pretending to be sport-utility models.
The Meriva and Corsa are straightforward family mobiles, elegant in their overall simplicity, efficient and economical in operation, and beyond sensible in meeting the daily transportation needs of most American motorists and their families.
The Meriva city wagon and Corsa hatchback also come with GM’s 1.8-liter, four-cylinder FlexPower engine. They are maneuverable as heck, and they both get a bit more than 30 miles per gallon.
Posted by: tj | November 11, 2008, 3:08 pm 3:08 pm
In 1908, the Ford Model T got 25 mpg. We are no better off than we were 100 years ago, no wonder the US auto industry is failing!
Posted by: tj | November 11, 2008, 3:10 pm 3:10 pm
Guys,
I am not talking about Flex-fuel cars. They have been sold here for years!
These things do not offer anything special at all.
I am talking about the Hybrids & the Fuel-Cell based vehicles and how far we really have to go before they are viable in the real marketplace.
These flex-fuel cars have been around in the US for just about 10 years now and have made no significant changes in gasoline consumption!
Posted by: Mike_C | November 11, 2008, 3:35 pm 3:35 pm
TJ – the cars made in other countries by GM and Ford? Do they live up to our stringent EPA standards and our stringent crash standards? If they were produced in the US would they cost the same? My guess is no. The labor costs in the US are much higher. The union members get much higher wages and much higher benefits. While the auto makers were making money they promised great benefits to employees including paying for people just to show up and sit in a room, and to pay retire health benefits. The unions exacted a price and the corporations are now paying for it. The auto makers wanted the unions to take over health care costs for retirees and gave them lump sums in the last contract to do it. That money came off the bottom line of the company. Now you can’t renege on the contracts with retirees. But someone needs to identify the costs incurred by union involvement in comparison to non-union auto makers. We also need to move health plan selection to the individual. Right now the workers are not the consumers. THe unions and companies are the consumers as they deal directly with the insurance companies. The workers need to be the consumer. COmpanies need to pay into a fund to provide a base amount of coverage. THe consumer than can decide to pay more if they want. The base coverage needs to be adequate to handle preventive, emergency and in depth care without bankrupting the individual. None of this will change as the unions will have a lot more clout in an Obama adminstration
Posted by: jschmidt | November 11, 2008, 3:40 pm 3:40 pm
Since Bush has not given a damm for the common man, rest assured that he will not raise a hand to help anything or anybody in the last days.
President-elect Obama had a few great thought/ideas for Bush but par norm he closed his ears to it. No suprise!!
Posted by: Ranger Phx | November 11, 2008, 4:06 pm 4:06 pm
Since Bush has not given a damm for the common man, rest assured that he will not raise a hand to help anything or anybody in the last days.
President-elect Obama had a few great thought/ideas for Bush but par norm he closed his ears to it. No suprise!!
—————————————-
Hey, maybe if Obama had spent the past few years in his senate seat doing what he was supposedly elected by the state of illiois to do, soem of his “wondeful” ideas would have been enacted by now!!!!
Posted by: Mike_C | November 11, 2008, 4:20 pm 4:20 pm
The president-elect shows a dreadful lack of class, leaking the contents of his conversation with president. And, this one he can’t pretend he had nothing to do with as he and President Bush were the only two people in the room.
Barack Obama: One mouth, two sides.
Posted by: Thank God for Karma | November 11, 2008, 6:30 pm 6:30 pm
My two(2) cents worth. The issue of big american and gas guzzling cars kept recurring because it fails to consider the framework of american lifestyle. If america will move into small and fuel efficient cars it will have to re-engineer a lot of infrastructures, roadways, long distance travels and other related ways which are incompatible to the american image and lifestyle. other countries such as Kapan or Singapore are designed for mass transport, hence the need for big vehicles such as SUV’ and big engine cars is more for status rather than functionality.The american auto industry’s woes will keep recurring unless they can find a cheap source of fuel or invent an entirely new kind of engine to maintain the american image and lifestyle. I believe this is easier than re-engineering the american infrastructure. It is not the fault alone of the auto industry.
The american car maker woes
Posted by: HUNGKAG | November 11, 2008, 9:13 pm 9:13 pm
Cries of “Save us! Save us!” Hah. Save Auto manufacturers for… what? Manufacturing jobs? Feh. Unions? Feh. Pouring more of our money down a rat hole.
Let them fail. Darwinian survival of the fittest. What happens if they fail? And so what? Why should my tax money be spent to keep blowing air into a corpse? It IS a corpse. Between the unions and the management and the most ignorant self-centered consumers in the world, we deserve it, just like we deserve everything else that is coming our way.
Osama bin Laden knew what he was doing when he set upon this nation. Two buildings drop and a nation slowly sinks to its knees, done in by itself.
You want to blame Bush? Good. It takes your eye off the ball. Let the stupid companies fail and lets be done with them. Perhaps then they will reorganize like real companies or perhaps the Koreans or Japanese will buy them out and run them like real companies.
Posted by: Zul | November 11, 2008, 11:26 pm 11:26 pm
Ford doesn’t produce a single fuel-efficient car that they make money on. They were the truck people, producing big pickups and SUV’s, and when fuel prices skyrocketed nobody was buying anything they made anymore.
Why did they put all of their eggs in the truck basket?
I’ll tell ya… because it’s what YOU WANTED TO BUY. It’s where you put your money. Companies will make anything that people want to buy. You forgot all about the ’70′s. Well, now everyone’s going to pay for it.
I say no. I say let them go bankrupt. Let them solve their problems like big people do. It’ll teach ‘em a lesson.
Perhaps it’ll teach organized labor a lesson, too… but that’s not bloody likely.
Posted by: Sta-Puf Marshmallow Man | November 11, 2008, 11:34 pm 11:34 pm
The entire subject of American car manufacturers ignoring the importance of fuel-efficient cars relates to the stranglehold big oil has had on our country for decades. They actively discouraged any discussion on global climate change in government policies.
If our government had been actively working on reducing emissions, our car manufacturers would have switched to making efficient cars long ago, at about the same time as the Japanese did.
That’s the inherent weakness in our corporate structure. Greed rules absolutely, as well as only working toward this quarters profits, rather than looking at the long-term picture.
Japan limits corporate salaries to a multiple of the lowest paid worker in said company. Thus the greediest people aren’t in charge but the best managers make it. Their corporate heads aren’t into stripping companies so that they can get huge salaries and bonuses for a few years, leaving the company ill-prepared for the future. Their corporate people don’t sit on each others boards and vote each other obscene raises and bonuses.
Our oil companies fought tooth and nail to deny global climate change for their own greedy ends, while weakening our whole country as our auto industry,electric companies,etc. were not being upgraded for the future.
Hopefully with a new president who understands dealing with the present AND planning for the future is what makes a great leader, our country and the auto industry can change for the better.
Posted by: Lydia | November 12, 2008, 9:18 am 9:18 am
There are several reasons why the US auto makers are doing so poorly. Of course the first one is their late of foresight in producing fuel efficient vehicles. The others are all related to exorbitant union contracts and the money crisis created by the Democrats on the House and Senate Banking Committees. Barney Frank and Chris Dodd should be in jail for the mess they caused.
The first requirement for any bailout should be the nullification of the current UAW contracts. These should be redone to match the UAW contracts with the Japanese auto makers in the US. What Frank and Dodd don’t want us to know is that auto workers for the foreign companies producing vehicles in the U.S. make $20 AN HOUR LESS is salary and benefits than do auto workers for the Big 3. Eliminating that difference alone will save the Bib 3 and put them on a more equal footing with the foreign competitors.
Any rescue plan that doesn’t include substantial cuts in compensation for UAW workers will not be a plan to rescue the Big 3 American auto producers, it will be a rescue plan for the UAW, period. As a 25-year union member, we can’t let that happen.
Posted by: Chris C. | November 20, 2008, 3:39 am 3:39 am
“Let’s not wait for a new president before action is taken on the economy.”
Obama is right, but a cynic would say that Obama doesn’t want to take any responsibility for whatever goes wrong. Still, it would calm the markets if he’d actually ‘not wait’ to say SOMEthing instead of hiding away.
Posted by: Paul in NJ | November 21, 2008, 4:38 pm 4:38 pm
Hey, maybe if Obama had spent the past few years in his senate seat doing what he was supposedly elected by the state of illiois to do, soem of his “wondeful” ideas would have been enacted by now!!!!
Instead he has spent the past few years preparing to make a greater impact as President! ;)
Posted by: rita | November 24, 2008, 10:39 am 10:39 am
I like DobermanSpencer’s comment. It may not be related to anything discussed in this political blog but it is true.
Second thought, let the big 3 go bankrupt. They are sending all their jobs and money overseas to other countries…most of them don’t even produce stuff here in the US.
Thirdly, Both political parties are morons. Ditch the political parties and vote on how you believe.
Fourth, Personally I don’t see why we elect someone with no military experience as Commander in Chief.
Fifth, It will be a long 4 years, maybe shorter if Mr. Barack Obama cannot prove himself to the American People.
Sixth, Even though we may have not voted for him, we still should stand behind him and at least respect his position of authority, We don’t have to agree to respect.
Seventh, This whole thing, especially with broken promises and such, is likened to Ice Cream and third graders. This country has shown itself to be a bunch of kids running for ice cream instead of finding out how they are going to pay for it. etc..
Point proven, I think we just elected a moron.
Posted by: airman_e1 | January 20, 2009, 1:34 pm 1:34 pm