Big 3 Seek $50B In Taxpayer Money Because They Don't Know How To Do Their Job Right.

Big 3 seek $50B in fed loans

McCain now backs help for car makers; Money sought to retool plants

Detroit's Big Three automakers are planning an aggressive push on Capitol Hill as they seek up to $50 billion in low-cost loans to speed the development and production of more fuel-efficient vehicles.

General Motors Corp., Ford Motor Co. and Chrysler LLC would use the money to help pay for retooling of older assembly plants and developing advanced technologies.

The lobbying effort comes as the car makers face dramatically higher fuel economy mandates and consumers are demanding more fuel-friendly options in an era of high gas prices. The Big Three are revamping their product lineups to include smaller, fuel-sipping models.

An energy bill Congress passed last year authorized but did not fund $25 billion in direct loans to help automakers meet the new fuel standards. The financially-strapped companies now want additional funding, but it is not clear how much they hope to obtain.

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I don't agree with this proposed action, in my opinion if you can not operate your company at a profit level and sustain your business model YOU DESERVE to go out of business.

That is what "should" happen in a capitalist society driven by market demands.

Don't forget the big three automotive companies just laid off huge numbers of people and now also are probably salivating over this proposed bail out.

It's easy money.

The executive officers at any of the big three are a total embarrassment to the business world and everyone is buying into the mystique of their excuses.

Now us here at Detroit Daily Dirt...the American auto industry provided a crappy product for decades, provided crappy service for decades, laughed at the possibility of imports taking a lions share of the market.

I also hold the auto workers union, the UAW responsible for half of this debacle.

This "union" lost it's balls decades ago. They kept problem employees on site for years, take a galling amount of pay from the employees and stood by and did nothing while it's own membership population has been whittled down inch by inch for decades....the UAW is a total paper tiger that does nothing but raise the cost of the product.

What happens to you or I if we are business entrepreneurs and are failing in our task?...we certainly don't get a billion dollar helping hand from the taxpayers (i.e. the customer) when we can't sell our widgets.

Can you imagine your grocery store asking you for $100 dollars for a loaf of bread because they have upper management that doesn't know it's ass from a hole in the ground?

No you can't and neither can I.



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McCain - Republican Nominee For Tool Of The Day

McCain goes for the mud

I once heard of a man so rich he didn't know his kids were in college. The story was a joke. But Sen. John McCain, Republican presidential nominee-to-be, brought it back to mind when he forgot how many houses he owns.

Asked during an interview with Politico.com how many houses he and his wife, Cindy, own, McCain hesitated, then muttered, "I'll have my staff get to you."

You know you're doing pretty good in life when you have to ask your staff how many houses you own.

McCain's embarrassment was compounded when his staff, caught off guard, also sounded uncertain at first as to how many houses McCain and his wife owned. News reports eventually counted at least seven houses and condominiums in five cities, including La Jolla, Calif., Arlington, Va. and Hidden Valley, Ariz.

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Wow...I don't even know what to say...it kind of says it all doesn't it?...do you think he knows how much bread or milk costs the average consumer if he doesn't know how many houses he owns.

How many houses can he live in at once?

Which one does HE consider home?

Just how green can he claim to be when he is heating and cooling more houses than he knows about?

Who pays his bills on these? We figure them out ourselves at my house.

How many phone numbers does he own? What if one of his staff calls the chicks with dicks line on a phone he owns?

How many illegal aliens do you think might be taking care of his lawns?

Is his Indian name "squaw with too many tepees"?



"Do you hear that sound Mr.Anderson?.....thats the sound of inevitability"
-Agent Smith, The Matrix




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