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January 15, 2009

GM CEO's Got a Fever, and the Only Prescription is More Bailout Cowbell!

They've barely begun on talks to reduce wages and untangle the anti-productivity Gordian knot of work-rules, but already the GM CEO is asking for more bailout money. (Second item.)

And a Democratic bill is being circulated which would get rid of the original terms of the loan, easing the requirement of lowering wages and so forth. Thus insuring the company will never be solvent and never without its hand in our pockets.

Get rid of them. Gone. Good-bye.

Seems to me Ford would be healthier if GM and Chrysler shutter their factories. I'd rather have one solvent car company than three state-subsidized ones.

posted by Ace at 12:25 PM

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They've barely begun on talks to reduce wages and untangle the anti-productivity Gordian knot of work-rules, but already the GM CEO is asking for more bailout money. (Second item.) And a Democratic bill is being circulated which would get rid of the original terms of the loan, easing the requirement of lowering wages and so forth. Thus insuring the company will never be solvent and never without its hand in our pockets. Get rid of them. Gone. Good-bye. Seems to me Ford would be healthier if GM and Chrysler shutter their factories. I'd rather have one solvent car company than three state-subsidized ones. posted by Ace at 12:25 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 Guy No.999: "Uh. takes a look Think I'll pass. ..." Nods head in agreement : "Only the Supreme Court is coequal and can overrule ..." rhomboid: "Chicago annual Cinco de Mayo parade cancelled (rep ..." Pug Mahon: "Golden Emperor. I like it. But Orange Emperor soun ..." Ping: "Golden Emperor. I like it. But Orange Emperor soun ..." 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