Republicans: Time For The Automakers To Go Bankrupt

• March 9, 2009

House Republican Leader John Boehner is still making noises about the automakers meeting government conditions before they get any more money, but other Republicans are saying it’s time for bankruptcy.
And they’re right. Boehner needs to get on board.

WASHINGTON (CNN) – The House’s Republican leader said Sunday he did not support giving General Motors any more federal funds until the company can show it will be able to survive in the long-term and pay back the government, as two of his GOP colleagues in the Senate said it was time for the automaker to declare bankruptcy….
Sen. Richard Shelby, who opposed the idea of a domestic auto bailout, told ABC’s This Week that GM, Chrysler and Ford should only receive further federal funds as part of Chapter 11 reorganization: “Short of that, the UAW will run those companies and run them into the ground,” he said.
Sen. John McCain agreed, telling Fox News Sunday that bankruptcy would be good for GM. “I think the best thing that could probably happen to General Motors, in my view, is they go into Chapter 11, they reorganize, they renegotiate…union management contracts and come out of it a stronger, better, leaner and more competitive automotive industry,” he said.

I don’t think the automakers should be accepting any conditions from the federal government. I also don’t think the automakers should be getting any more money from the government.
Much as with the bank bailouts, the government is just going to use conditions attached to bailout money to exert more control over the auto industry. And that’s not what we want. We don’t want more government in any industry in America, and particularly not one as large and important as the auto industry. But that’s the endgame with these bailouts. The government rides in on its white horse and bails out these companies, but then the companies are dependent on government. And thus the government has more control over them.
It’s really pretty insidious. It is, in fact, how government expands power everywhere. Big government types are like drug dealers. They put a little bit of their drug (bailouts, entitlements, welfare, etc.) out on the street. Then they get some people addicted. Then those people start coming back for more and more. And then the government has them.
In the long run, these auto companies would be better off declaring bankruptcy and building their way back on their own. Better than than being quasi-nationalized.

Tags: Asshats, Domestic Issues, Politics

http://Array Buzz

There are 5 million Americans OUT OF WORK that will work for a lot less than $ 78.00 an hour

Scabs will work for the pride of stabbing there co-worker in the back, whats your point?
docdave

I don’t think that GM has any real excuses since Ford has inplace already a realignment plan with labor concessions by the auto union.
Buzz

Yea, whats two, three million jobs plus or minus.
doonuts

I’d take scabs over Union any day.
dawneyr

If GM can’t pull it off without being chained to an overreaching government that appears to be just passing through anyway, then close the doors or restructure and hang on until the Obama administration is just a bad memory. The job bone’s connected to the big government bone, is a ridiculous game that Americans are unwilling to pay for.
Mickey

Too bad, I liked the GM product.

Thank a union member and Barney Frank for mismanaging Freddy and Fanny.
2Hotel9

Had they done this to begin with the same numbers of people would have lost jobs, the debt would be restructured, and a vast amount of money would not have been wasted.
atease

Here is where GM screwed up, IMHO. They have stated that they are ready to meet to “next” whatever it is but needed the Fed to tell them which way to go (i.e. natural gas, electric, hydrogen, whatever).

This was a perfect opportunity for them to set up shop in a right to work state and force feed one of those platforms to the American people. This would have done two things..

1. If the “new” took hold, then they could move more operations to that facility in a right to work state and shed some union power.

2. The American people would have responded to GM’s bold move in a good way. We are hungry for a way to tell OPEC to take their oil and stick it in their ear.

Not only do we need a leader for POTUS, we need leaders in our industry.

atease

One pissed off citizen.
TomTom

All the billions the Govt. gave GM went to the Union..Get rid of the union!! There are 5 million Americans OUT OF WORK that will work for a lot less than $ 78.00 an hour
http://ndgoon.blogspot.com/ goon

I don’t think the automakers should be accepting any conditions from the federal government. I also don’t think the automakers should be getting any more money from the government.

I am tired of our government money going to a company that is being hamstrung by its employees union, the company needs to go chapter 11 bust the union and reorganize.
jer107

Whatever bailout money GM gets they better use it to create more jobs and Not give it to the fat cats of GM.
Brent

Big government types are like drug dealers. They put a little bit of their drug (bailouts, entitlements, welfare, etc.) out on the street. Then they get some people addicted. Then those people start coming back for more and more. And then the government has them.

“They put a little bit of their drug (caffeine, nicotine, three months of free satellite radio, six months of reduced price cable services, etc.) out on the street. Then they get some people addicted. Then those people start coming back for more and more. And then the government has them.”

The difference between drug dealers and the government is that there are many drug dealers, whereas there is only one government. Even if there were only one drug dealer, the government’s unchecked ability to use force makes it far more problematic.
http://suitepotato.blogspot.com/ sayanything-4808

Where is our favorite antisemite and racist Buzz to thank for the unions doing their part to put the auto workers out of work?

Well, we have not seen the end of the auto industry in America in toto, that’s for sure. The things I read about the current crop of backyard whizkids and rocket scientists give me a lot of hope for the next generation of vehicles. We’ll see more foreign corporate involvement and government too for a while, but the next stage of auto evolution I think is going to do its part to turn things around.
sayanything-2483

There are 5 million Americans OUT OF WORK that will work for a lot less than $ 78.00 an hour

whats your point?
Buzz on March 8, 2009 at 07:39 pm

That is the point.

SayAnythingBlog.com

Republicans: Time For The Automakers To Go Bankrupt

Create a SAB Readerblog

Recent Comments