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December 11, 2008

Senate Source: Auto Bailout Dead, At Least Until Next Year

Because the UAW wouldn't make the compromises necessary to keep the venture alive.

The reforms Corker insisted upon are reasonable, and the fact the UAW won't contemplate them puts lie to the notion that anything will change without a crisis to force the change.

Manana, Manana: The UAW said no changes for three years.

Which is really an attempt to avoid changes entirely, of course. Get the bailout now, then work to overturn any conditions later.

GM Retains Bankruptcy Counsel: I sense this might be a bluff, an attempt to underscore how desperately they need taxpayer money.

If not -- eh. If you're bankrupt, you should get a bankruptcy lawyer probably, I'm thinking.

posted by Ace at 11:16 PM

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Which is really an attempt to avoid changes entirely, of course. Get the bailout now, then work to overturn any conditions later. GM Retains Bankruptcy Counsel: I sense this might be a bluff, an attempt to underscore how desperately they need taxpayer money. If not -- eh. If you're bankrupt, you should get a bankruptcy lawyer probably, I'm thinking. posted by Ace at 11:16 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments pawn (on his new laptop!!!): "So would you rather have him hanging out and messi ..." 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