As GM shares near record low, taxpayer loss on bailout rises to $35 billion

[knuckleboner]

GM and Chrysler will eventually go belly up anyway because they are being managed by incompetents. The public will be holding the bag for their debt when they do. If I were a Chrysler or GM worker, I'd be going to night school NOW and training for a new career.

actually, they're both more successful now than they've been in years.

[Terry]

This goes way beyond "bailing out jobs".

This is a matter of saving one of the few industries left in the US that actually MAKES something, and pays their employees a living wage to do so.

And, as Terry said, the impact would be on more than just the GM employees themselves. Just ask anyone in Flint Michigan. One factory closed there and the whole fucking town pretty much died as a result.

Where the Hell are all these people supposed to work, WalMart?

For 1/5 of the wages, and no benefits??? And how the fuck would the WalMart even stay open, if nobody had any money to spend there??

The government, when it functions properly, (as it did from 1933 to 1980) doesn't have to "bail out jobs", because greedy corporate fucks aren't outsourcing them, and there are enough to go around.

But in the beginning of that period, FDR did more than protect jobs, he created jobs for many who needed them, ended the Depression as a result, and built some much needed infrastructure in this country as a result (dams, bridges, rural electfrication, etc.)

If Obama had done these things (some of us hoped he would, based on his speeches in 2008) he would be reelected in a landslide that put Nixon 72 to shame.

Even the Prince of Darkness agrees with me...

Hail, Satan!!


(P.S. thanks for answering my speaking-in-tongues chanting to you about that other thing...you know, that thing we talked about?)