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| did you all read this?; what do you think? | |
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| Tweet Topic Started: Apr 7 2009, 11:49 AM (196 Views) | |
| apple | Apr 7 2009, 11:49 AM Post #1 |
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one of the angels
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Obama speaks President Obama: U.S. automakers must hit on all cylinders again By President Barack Obama, Special to The Kansas City Star One of the challenges we have confronted since the beginning of this administration is what to do about the state of our struggling auto industry. We simply cannot let our auto industry vanish. This industry is an emblem of America. It is what helped build the middle class and sustained it throughout the 20th century. And it is a source of deep pride for generations of Americans. But we cannot make the survival of our auto industry dependent on an unending flow of tax dollars. That is why the federal government provided General Motors and Chrysler emergency loans to prevent their sudden collapse at the end of last year — only on the condition that they would develop plans to reorganize. As I said in my speech last week, after careful analysis, we have determined that neither goes far enough to warrant the substantial new investments that these companies are requesting. My administration, therefore, is offering GM and Chrysler a limited period to work with creditors, unions and other stakeholders to fundamentally reorganize. For GM, that will mean making those much-needed changes that will let it emerge from this crisis a stronger and more competitive company. For Chrysler, that will mean reaching a sound agreement with the international car company Fiat or another company that protects American taxpayers — and if Chrysler does, we will consider lending up to $6 billion to help the plan succeed. To signal America’s commitment to its auto industry and to all who buy American cars, we are also taking an unprecedented step: If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired, just like always. Your warrantee will be safe. In fact, it will be safer than ever because it will be guaranteed by the United States government. But we must also recognize that the difficulties facing this industry are due in no small part to the weakness in our economy. That is why, to increase auto sales, we will ensure that Recovery Act funds set aside to buy government cars go out as quickly as possible. We will ramp up our efforts to get credit flowing and make car loans available to people who need them. We will provide a new tax benefit for auto purchases made between Feb. 16 and the end of this year — a provision that could save families hundreds of dollars and lead to as many as 100,000 new car sales. And we will also find ways to increase car sales while modernizing our auto fleet. Such fleet modernization programs, which provide a generous credit to consumers who turn in old, less fuel-efficient cars and purchase cleaner cars, have been successful in boosting auto sales in some European countries. I want to work with Congress to identify parts of the Recovery Act that could be trimmed to fund such a program, and make it retroactive starting immediately. Though the storm that’s hit our auto towns is not a tornado or a hurricane or a flood, the damage is clear, and we must respond. That is why I have appointed former Deputy Labor Secretary Edward Montgomery as the new director of recovery for auto communities and workers, to cut through red tape and ensure that the resources of our federal government are used to their fullest to help the workers, communities, and regions that rely on our auto industry. Together with Labor Secretary Hilda Solis and my Auto Task Force, Ed will help provide support to auto workers and their families, and open up opportunity in manufacturing communities. Michigan, Ohio, Indiana, Wisconsin and every other state that relies on the auto industry will have a strong advocate in Ed. He will direct a comprehensive effort that will help lift up the hardest hit areas by using the unprecedented funding available in our Recovery Act and throughout our government to create manufacturing jobs and businesses where they are needed most. And Ed will also lead an effort to identify new initiatives to help support your communities going forward. Many of your families have been going through tough times for longer than you would care to remember. And I cannot pretend there isn’t more difficulty to come. But I am confident that if we are each willing to do our part, then this reorganization, as painful as it will be, will mark not an end, but a new beginning — a new beginning for a 21st century American auto industry that is creating jobs, unleashing new prosperity, and leading the world in designing and building the next generation of clean cars. |
| it behooves me to behold | |
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| Kincaid | Apr 7 2009, 11:55 AM Post #2 |
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HOLY CARP!!!
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Hmmm...not a word about union contracts. |
| Kincaid - disgusted Republican Partisan since 2006. | |
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| Red Rice | Apr 7 2009, 11:57 AM Post #3 |
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HOLY CARP!!!
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He's essentially saying that the government can save the auto industry, a claim I view with great skepticism. I notice he didn't mention the possibility of bankruptcy for GM, or that Chrysler will likely end up being sold for parts. |
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Civilisation, I vaguely realized then - and subsequent observation has confirmed the view - could not progress that way. It must have a greater guiding principle to survive. To treat it as a carcase off which each man tears as much as he can for himself, is to stand convicted a brute, fit for nothing better than a jungle existence, which is a death-struggle, leading nowhither. I did not believe that was the human destiny, for Man individually was sane and reasonable, only collectively a fool. I hope the gunner of that Hun two-seater shot him clean, bullet to heart, and that his plane, on fire, fell like a meteor through the sky he loved. Since he had to end, I hope he ended so. But, oh, the waste! The loss! - Cecil Lewis | |
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| John D'Oh | Apr 7 2009, 12:00 PM Post #4 |
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MAMIL
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Talk about dumb optimism.Car Wars, Episode IV. A New Dope. |
| What do you mean "we", have you got a mouse in your pocket? | |
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| Mikhailoh | Apr 7 2009, 12:12 PM Post #5 |
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If you want trouble, find yourself a redhead
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Like always, it sounds great on its face. But I question whether or not selling 100K cars is going to make any difference whatsoever, in a US market that is reportedly down by almost 6 million vehicles a year, from 17.9M to 12M projected for this year. What I fear this is this is simply window dressing to be able to say it wasn't the administration's fault when they go bust. |
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Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball | |
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| 1hp | Apr 7 2009, 03:20 PM Post #6 |
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Fulla-Carp
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GM in Intense Preparations For Possible bankruptcy filing General Motors is in "intense" and "earnest" preparations for a possible bankruptcy filing, a source familiar with the company's plans told Reuters Tuesday. A plan to split the corporation into a "new" company made up of the most successful units, and an "old" one of its less-profitable units, is gaining momentum and is seen as the most sensible configuration, said another source familiar with the talks. The sources requested anonymity because they were not authorized to speak on the record. Shares of GM fell almost 14 percent on the New York Stock Exchange and its bond prices declined. |
| There are 10 kinds of people in this world, those that understand binary and................ | |
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Talk about dumb optimism.
10:55 AM Jul 11