Remember what Cliff Clavin on the sitcom "Cheers" would ask after making one of his unwittingly revealing assertions -- "Did I say that out loud?"
A variation of the Clavin line came to mind yesterday -- "Did he say that out loud?" -- after top-rated liberal radio host Ed Schultz said this about Big Three CEOs pleading with Congress to help their ailing industry (click here for audio) --
As I said last week repeatedly and I'll say it again, is that, I think that there was just a chess game being played here, a poker game being played here. Those guys get the big bucks, they went up on Capitol Hill, got their ass kicked and they weren't going to say too much 'cause they wanted to know where the Congress was and now the Congress has basically told them, OK, this is what you gotta do ... Last week was nothing but a big negotiation session. You know, they're going to go, they're only going to pull up their dress so far so everybody can see what's up there, not the whole thing.
"Not the whole thing" -- as in, not from the waist up ...?
Schultz, who's been plugging away -- oops, sorry -- in favor of a bailout for Detroit (just as he did for $700 billion in taxpayer lucre shoveled to the financial sector), may have said more than intended in comparing auto execs to prostitutes.
Then again, the analogy could be all too apt. The Big Three CEOs flew to Washington in private jets, engraved cups in hand, only to see their indelicate overtures for cash in exchange for undefined services rebuffed by members of Congress.
Prostitution is not what most economists would consider a business model that can be sustained indefinitely -- much like those at GM, Ford and Chrysler.
And appropriately enough, many of the transactions involving prostitution -- the actual, lamentable thing itself -- occur within the confines of a vehicle.
When those who claim the demise of automaking in America would cost three million jobs, do they include streetwalkers in the tally?




















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Laugh out loud...good catch
November 25, 2008 - 16:20 ET by bigtimerLaugh out loud...good catch here regarding Schultz and his mouth in full-throttle ...
Costliest tricks are the ones being paid for by us by the political whores in congress...and elsewhere.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
the sigmund freud report
November 25, 2008 - 20:02 ET by TruthMongerso we know what ed's got on his mind for the drive home...!!!
thanks for telling the whole nation ed
Dominate education now
tho there is a good reason to keep automakers afloat
November 25, 2008 - 16:29 ET by UndercoverConservativethey build our tanks and planes in the event of war. If anything should be bailed out, it's industry, raw materials, etc. not "financial" or "mortgage" or other money supply hostage paymentswhich will end up in foreign banks anyways.
Such is the result of the Debt Standard. :(
"to call an illegal immigrant an "undocumented alien" is the same as calling a streetcorner drug dealer an "unlicensed pharmacist".
"You spend your money anyway you want and respect other's rights to do the same"
GM does not build our tanks anymore!
November 25, 2008 - 16:39 ET by PopularTechPlease stop repeating this myth
General Dynamics to acquire GM Defense business (USA Today, 2002)
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Maybe not tanks
November 25, 2008 - 16:47 ET by general companyBut you own artical said
GM said it plans to keep its military trucks unit, which is based in Troy, Mich.
This doesnt mean I am for a bailout either, just pointing it out.
"Television is a freak show" Bernie Goldberg
There are plenty of other U.S. Truck Manufacturers
November 25, 2008 - 17:29 ET by PopularTechThat can make military grade trucks. We do not need GM.
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Agreed. Let GM go Chap 11
November 25, 2008 - 19:47 ET by Free StinkerAgreed.
Let GM go Chap 11 or fail outright.
The idiots have 8 levels of management from what I'm told. Let them fail.
Hi UC... I think it was
November 25, 2008 - 16:43 ET by bigtimerHi UC...
I think it was PT who informed some of us that didn't know about GM selling to General Dynamics, this company is who now makes our military equipment ect...here is a link, I am sure PT has others, just google General Dynamics, there are a lot of links with info.
Just thought I would let you know.
I agree with you abou raw materials though, in more ways that one.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
I think ...
November 25, 2008 - 17:56 ET by MichiganVetI think General Dynamics was spun off from Chrysler, not GM.
I carry a gun because a cop is too heavy
Hey MV... Thanks, I
November 25, 2008 - 18:21 ET by bigtimerHey MV...
Thanks, I appreciate any corrections regarding this matter, all I thought I remembered was GM and General Dynamics..so any new and most of all correct info. is appreciated, this is not something I have ever delved too much into the back-ground about, I was just surprised about General Dynamics and was glad to learn about it..this is another reason I love NBs.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
No sweat
November 25, 2008 - 18:44 ET by MichiganVetNo sweat BT - I've had a great time reading your posts for quite a while and was recently granted membership - I really enjoy the postings (even those I dont agree with) and often find myself laughing out loud.
It is so refreshing to read counter-points to the crap that's being dished out my the doofus media. NB is the best!!
I carry a gun because a cop is too heavy
No General Dynamics acquired Chrysler's Defense Division in 1982
November 25, 2008 - 19:21 ET by PopularTechGeneral Dynamics is its own company and acquired Chrysler's and GM's Defense Divisions. It was not spun off from either.
General Dynamics to acquire GM Defense business (USA Today, 2002)
General Dynamics acquires Chrysler Defense Division (The New York Times, 1982)
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Major U.S. Defense Contractors (None are the Big 3)
November 25, 2008 - 17:23 ET by PopularTechBoeing (AH-64 Apache, F-15 Eagle, F/A-18 Hornet)
General Dynamics (Abrams M1A2 Main Battle Tank, Aegis destroyer, Stryker Assault Vehicle)
Lockheed Martin (F-16 Falcon, F-22 Raptor, C-130 Hercules)
Northrop Grumman (B-2 Stealth Bomber, Nimitz-class Aircraft Carriers, Virginia-class nuclear attack submarine)
Raytheon (Missiles, Missile Defense Systems, Radar Systems)
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Hey PT
November 25, 2008 - 17:53 ET by MichiganVetHow about a list of all the suppliers to the Big 3?
If you don't think we need GM, the what industries do we need? How many people lost jobs from the AIG fiasco compared to a loss of GM?
I carry a gun because a cop is too heavy
Sorry but this is not a Socialist Country
November 25, 2008 - 19:13 ET by PopularTechFirst of all the Big 3 going Bankrupt does not mean they will disappear, they will simply be reorganized to be more efficient and more competitive. Someone competent will run them and they will have realistic labor contracts.
Second this is not a socialist country and when you suck capitalism says you fail.
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PT - what do you do?
November 25, 2008 - 21:12 ET by MichiganVetWithout GM, 100,000 direct American jobs will die. Health care for a million Americans will be lost or at risk. Hundreds of GM’s 1,300 suppliers will die. Their collapse could take down Ford Motor Co. and Chrysler LLC, perhaps even the precious North American transplants (Toyota, Honda, Hyundai, Mercedes). Thousands of Dealers in every county of America will close…Absent a LOAN, GM dies, and with it much of manufacturing in America.
The smugness of your posts suggests you feel completely safe in your job - what do you do for a living?
I carry a gun because a cop is too heavy
MV... I could say the
November 25, 2008 - 21:37 ET by bigtimerMV...
I could say the same thing about the logging industry and mills and all related workers and jobs that have to do with any wood product, and the mining industry....
where was the whining and crying for all of us who lost jobs and constantly had to relocate, ect, or the companies that failed, I saw no screeching for bail-outs, in fact I saw very little attention paid at all, the auto industry is not the be all end all in this country...and they CAN at least start over.
This was all hampered/destroyed by greenies, govt. regulations and especially lawyers and court cases by putting a halt for years....no, instead we had decades on production let alone closing down whole communities/towns that are ghost towns now, that were once thriving growing towns... who needed zilch for the most part from the Fed. govt...
but that has been the plan Stan for decades now...and it is coming to pass...the Big 3 can declare bankruptcy, reorganize, get rid of the union demands, or at least have it where there is some sensible negotiations ect...
This bail-out BS is just that....BS... taxpayer funded take over by the govt, via us peons out here.
Last I heard it is really 7 trillion, heck a trillion here, a trillion there, what does that matter.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
If you could to it over
November 25, 2008 - 22:03 ET by MichiganVetBT - if you could do it all over again (for the logging industry and mills) and there was a chance to get help from the Feds, you would turn it down?
I ask, sincerely, what did your industry in? Did they declare bankruptcy and did it do any good?
I carry a gun because a cop is too heavy
The Fed cannot help with Bailouts
November 25, 2008 - 22:09 ET by PopularTechThat is the big myth, first of all they don't have any money, they are broke. All they can do is borrow, tax or print more. All are a bad idea. You wind up hurting every American citizen just to foolishly prop-up failed businesses.
We still have a logging industry in this country, check out the TV show Ax Men.
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Hi guys, I am in between
November 25, 2008 - 22:33 ET by bigtimerHi guys, I am in between things..so anyway...
I never said the logging industry was completely gone, we have also seen Ax Men...lol.
MV...no I do not think for one second they should accept bail-out money, they need to get the damned environmentalists and govt. out of the way...they destroy business, good lumber, make sure of ensured fires in the global warming period of this country called 'summer.' whole danged towns...these people that put lawsuits on others to halt production is costly, let alone the tree huggers that destroy machinery, spike trees, block logging sites, ect ..these groups with various names need to pay up when they lose,every single way there is, which there are a lot... in the meantime until court makes decisions, no matter how high they take the case, production should go on, not halted.
I could go on and on, I'm not going to bore others with logging, let alone what they have done to stop mining in my area, one of the biggest silver mines in the NW has been trying to comply, paying millions, to just get production started in our area...
My husband and I have lived around been involved in logging forever...so much had been done to destroy this evil industry, along with oil, and mining.
God forbid...
Let the govt. rule...they want control, they know best, they are going to slowly get their wish full-filled.
Full socialism rules.
I weep for what I have seen happen to this country in my lifetime.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
Why do you support failing Businesses? Are you a Socialist?
November 25, 2008 - 21:52 ET by PopularTechI work for myself and in IT and I am not a socialist. And I own two Hondas.
Let Detroit Go Bankrupt (The New York Times)
We lose jobs all the time it is no big deal. The U.S. Auto industry will not be gone it will be reborn as something viable.
Please explain how the collapse of GM will take down efficient and profitable auto manufacturers? That doesn't even make any sense!
Who care about dealers, people hate dealers. Getting rid of dealers would be fantastic! I would rather buy my car online anyway
The Auto industry is not remotely "much of the manufacturing in the United States".
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Good luck
November 25, 2008 - 22:44 ET by MichiganVetYou say work in IT but cleverly leave out the industry your support. I assume you are an agency/rent-a-body based on your flippant comment about losing jobs.
I think this may be a surprise - you should be aware that your ability to find work is not guaranteed. IT people are a dime-a-dozen (and I mean no disrespect) and there are smart, hard-working and less costly people coming to the U.S. from Asia everyday.
Be aware your biting and smug words may come back to haunt you someday.
I carry a gun because a cop is too heavy
Don't Assume and don't be a Socialist
November 26, 2008 - 01:03 ET by PopularTechI work in IT and for myself. I have nothing to do with head hunters. Good IT people are not a dime a dozen, they are rare to non-existent. There are alot of computer "users" who "think" they know what they are talking about but know jack.
I have no problem finding work as I have everytime the industry shifted, which is why I now work for myself (much more stable). Actually it is incredibly difficult for my personal business to suffer since it is so dynamic (by design - mine).
You still did not answer why you support failing businesses or are you a socialist?
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Thats great PT but?
November 26, 2008 - 10:21 ET by general companyI lived in MI in the early 80's. What MV suggest is very true. It happened in the late 70's when the Auto manufactures had to reorganize. Many machines shops and fabricators of all kinds went belly up when the auto business had to cut back or went and found cheaper vendors outside of the States. It is easy to say, well they will just be taken over by competency, but suggesting it wont make it so. Our manufacturing force has been under cut so badly that we no longer even bother taking the work to the cheap labor, we import the cheap labor.
While it is obvious that the US auto companies need some serious restructuring, I believe it would be a serious mistake to let them collapse. The Feds have tied there own hands behind their backs, they fully support the Unions to a fault, but yet it is the Union who are the biggest part of the problem.
While I agree that bailing them out will not solve the problem, I also believe that our Gov. with it's current laws and restrictions can do nothing to help, only delay it in the form of a bailout.
Just as in the 70's and early 80's when the rest of the country was in collapse, here on the Gulf Coast they were booming, it is starting to repeat its self. This time could be much worst, if we loose some of these Co altogether.
You are lucky PT you get to work for yourself and be very secure. Many folks in this county have to rely on others to be successful in order to have a secure job. Many of these CEO's run these large Co into the ground, leaving their employees at the mercy of their poor managing skills or corrupt behavior. I have seen this time and time again, thousands suffer so that a handful can get filthy rich. Their is never any penalty for killing thousands of jobs, it is perfectly legal to take a profitable Co and sell it in pieces or run it into the ground, leaving the employees and community in shambles. I fear until this practice halts we will never recover and have a profitable and consistent job market.
"Television is a freak show" Bernie Goldberg
Socialism cannot fix economic problems
November 26, 2008 - 10:45 ET by PopularTechWe import the cheap labor because we still have too much government regulations and too high taxes on our manufacturing industry, combined with anti-capitalist environmental laws.
Please don't sell me that Auto makers cannot be profitable in the U.S.
Honda opens new U.S. plant as Detroit seeks bailout (Reuters)
The free market breaks inefficient ways of manufacturing, including the socialist demands of the UAW.
If it is profitable to sell a company into pieces then it should be done. But if what that company made is in demand then someone will have to make it, the key is only if what it made is in demand.
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We import the cheap labor
November 26, 2008 - 11:29 ET by general companyWe import the cheap labor because we still have too much government
regulations and too high taxes on our manufacturing industry, combined
with anti-capitalist environmental laws.
I agree, no argument from me. I have often said that the only auto makers that cant seem to make a profit in the US are US auto makers, again I agree. But as I suggested, the Fed in not going to correct any of this. The Union will continue to run rough shod over them, and The Gov will even encurage it.
If it is profitable to sell a company into pieces then it should be done.
Even when the only one it is profitable too are corrupt CEO's? I think when you employ someone let alone thousands you take on a responcibility for those folks. You exspect them to give you a good name, good product, and make the Co money, but then you in turn steal their lives from under them at a greed induced whim? That is not capitalism, it is slavery pure and simple. It is easy to say, well you can move on, or you can go work some where else. But how do you know in this day and age when your Co is going to do stupid crap? How do you achieve security so you can raise a family of buy property?
A Co I worked 12yrs for was taken over by this type of greed, they were not sold to make a stronger Co, they were sold for the profit of the CEO's, who ran away leaving the stock holders (us) holding an empty sack. This happend in 2 yrs, 10k people lost their jobs, "and they aint never comming back". This is dispicable, and to think the American worker should be held hostage like this is rediculious.
"Television is a freak show" Bernie Goldberg
Stock Holders are responsible for the Corporation
November 26, 2008 - 11:41 ET by PopularTechThe majority share holders are responsible for appointing the board of directors, who hires the CEO. Ultimately the majority share holders are responsible. There is this myth of the CEO as the owner of the business which is simply not true, the board can fire him if they wish. Greed is good.
Greed (1/3) (Video) (12min) (John Stossel, ABC News)
Greed (2/3) (Video) (13min) (John Stossel, ABC News)
Greed (3/3) (Video) (14min) (John Stossel, ABC News)
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Not in our case
November 26, 2008 - 12:56 ET by general companyThe majority share holders were the Board of Directors!! As they often are!! I use the term CEO, meaning Board of Director member, if this is an error, sorry. As far as we were concernd they were one and the same.
The Board after a hostile take over sold all properties and then leased them back, claiming we needed to funds to expand. When the stock plummeted from $28 a share to $9 a share, they, the CEO's went on a share buying spree. Then as the Co was continuing to decline, suggested that they would declare Bankruptcy. The Co was sold/auctioned to another about the same size, they also were forced to declared bankruptcy because all they bought were leases and the shell of a company that had been very profitable for over 50 yrs. The Co was sold via its shares at an above market value to lure them away from the share holders, problem was the CEO's had bought most folks shares as the stock was falling, so they owned most of it. Most of our share holders were empoyees and retireies. When the stock started falling they sold off thier share very quickly. The CEO's got filthy rich off of the above market buyout we all got unemployed. The Co that bought us, did not run any of our facilities for even a single day. This was a premeditated ploy to deconstruct a Company for profit, currently their is no laws against such behavior. All they had to do was to continue to tell their work force that every thing would be just fine until the day they ran with the loot.
This Co just 2yrs previously owned everything they had, all facilities all equipment and a ton of properties, all sold and the $ never invested.
If this is fine with you, I dont really know what to say? Over 10k jobs lost, just in our Company. I think it is shameful and unfortunately it happens all of the time. There were many lawsuits, but unfortunately there isn't a law for supposed incompetence, witch is what they argued.
"Television is a freak show" Bernie Goldberg
Nothing you could do then that is Capitalism
November 26, 2008 - 13:35 ET by PopularTechIf the majority owners choose to do this then there is nothing you can do about it. That is the way capitalism works. There is nothing fair about it and any government intervention is simply socialism to try and address what some feel are unfair. The fault unfortunately lies with the majority share holders, just like the owner of a private business.
Being a stock holder in a company is a risk and if people are not willing to take this risk they should not invest. There is nothing fair about it.
What are you going to prevent? People buying and selling shares in stock? How could you write a law to prevent someone from buying or selling stock?
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I dont know
November 26, 2008 - 15:48 ET by general companyMy problem? Is this the best we can do for our workers? Should there be no obligation from the corporate fat cats toward their employees? Will this not create the same resentment found in communist states?
My situation hurt my family and community very deeply. All we ever did to deserve it, was to give faithful service for 12 yrs.
BTW long story short: I was fired right before the end, (mostly so they could take my severance pay and other benefits) so we sued for wrongful discharge (their was a Union vote imminent in 20 days). The Union (witch I was against) took up my case and a few others all the way to the federal Labor Board. I was awarded about 57k in back pay and damages. I also sued them for liable and defamation of character with my dime, because they had bad mouthed me to several employment opportunities, I was friends with many of them). I was awarded by the civil suit about 180k. They spent over a 1 mil in appeals just to prevent me from getting my $. It worked, 11 yrs later about 2 yrs ago, I received a check for $728.oo from the bankruptcy court.
Pity though, it was a great job for a time for a young man
"Television is a freak show" Bernie Goldberg
Best we can do? Central Planning does not work
November 26, 2008 - 18:49 ET by PopularTechA Free Market is the best economic system for the average worker. Your other option is central planning which would give you less options and less pay.
Severance pay needs to be in a contract and benefits are really entitlements forced on businesses by the state.
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Those are peacetime defense
November 26, 2008 - 08:58 ET by jpm100Those are peacetime defense contractors. Wartime requires a little more production. There are few automotive facilities that were around in 1940 that don't have their own 'war stories'.
And even in peacetime, those defense contractors rely on the same suppliers as the automotive industry. Without the relatively constant auto business, what survives of the supplier base will fail during the first military spending reductions, which is about 5 minutes away when Obama takes over.
The current Defense industry was not around in the 1940s
November 26, 2008 - 18:52 ET by PopularTechIt is perfectly capable of dealing with wartime demands as it has been. In a market economy the supplier base will adapt as necessary as in not make as much stuff that is not needed anymore for the failed US auto industry.
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Perfectly capable?
November 26, 2008 - 19:36 ET by MichiganVethttp://blog.wired.com/defense/2007/05/vehicle_require.html
http://detnews.com/2004/project/0407/13/a06-209336.htm
"Perfectly capable" of dealing with wartime demands?
I carry a gun because a cop is too heavy
Yes the US Defense industry is perfectly capable
November 27, 2008 - 09:03 ET by PopularTechFirst of all please do not equate Donald Dumsfelds failed idiotic strategy in Iraq with the US Defense industries ability to build equipment. Those are not even related.
U.S. defense companies partner to build armored vehicles for American troops in Iraq (International Herald Tribune)
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Shultz is actually close.
November 25, 2008 - 18:16 ET by Conservative VoiceShultz is actually close. The hooker in this case is government...promising cheap and dirty money for power.
Or he didn't go far enough with his description. The government took all the business opportunities from this vibrant young woman, to where she was left to the only way to pay the rent and feed the kids, must sell her goods to the very people who forced this hostile economic environment on her.
could lose 3 million jobs...
November 25, 2008 - 21:38 ET by ChattychitoDoes it include street walkers in that equation? the real question is it just 3million jobs? no it is in fact much more than that. it will trickle down to ever facet of society to lunch truck drivers (mob run mostly) to school teachers and employees of Wal-mart as well.
My opinion is the Auto industry needs to be revamped and the Unions need to be closed. there is enough people who want jobs if someone doesn't like the benefits and working hours. fire them and hire a new one. the computerized machiniery is designed that even a 12 year old can operate it.
the Mob has had it's hands in the auto industry and others as well for far to long. Time to take back our industries from these mob run Unions and get America back on the road as a nation that once again supplies quality products at prices the world can afford.
The Mob hasn't figured it out yet but why are all our industries being taken over seas? one, overly reactive to the enviromental issues, and two, Cheaper labor and material costs.
$50 per hour at the Auto industry. you can fill it with people who will be satified with $20 and some basic benefits (medical, dental)
Yeah but, Obama will bend
November 25, 2008 - 21:53 ET by Clear thinkerYeah but, Obama will bend over backwards for Unions. He needs more thugs supporting him!
The Crackdown Has Started
Making Fun of AGW http://giovanniworld.wordpress.com/
Haggling Hooker
November 26, 2008 - 21:06 ET by spiffThere is another way this is like prostitution. Payment is made up front with price and service varying from place place.