Step One: Mismanage Your Company Into Insolvency, Step Two: Spend Tens Of Millions Lobbying Congress

• December 5, 2008

Step three: Profit?
Depends on whether or not all that lobbying pays off and the automakers get their bailout.

The auto industry spent nearly $50 million lobbying Congress in the first nine months of this year.
And people tied to the auto industry gave another $15 million in campaign contributions…
It’s not surprising that a lot of that money went to members of Congress from Michigan, where the auto industry is the biggest employer and politicians are passionate advocates for their constituents.
Take Sen. Carl Levin, who received $438,304 from the automotive industry. And in the House, Rep. Joe Knollenberg received $879,327. Rep. John Dingell got nearly a million from the industry. All have enjoyed generous support from the auto industry over their careers, with GM and Ford as their two top contributors. All support a bailout.
But nobody’s been a bigger advocate for Motor City interests than Dingell. And for him, the stakes aren’t just political, they’re personal.

Just so we’re clear: The “big three” have plany of money available for paying off members of Congress and fly in private jets to DC to beg for a bailout, but not enough money to run their businesses in a solvent manner without taxpayer money.
Not a very pretty reality, is it?
We shouldn’t be bailing these idiots out. We should let them fail. Because that’s how free markets work.

Tags: Domestic Issues, Politics

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Bill, dinothefakehomo is our comic relief.

And 2 words for you, dinothefakehomo. Jobs Bank.
di butler

Proof,

Don’t try to misdirect Dino, he has his screed on a loop, you will just knock him off the next talking point on the script. Evil Republicans-check, evil homophobes-check, evil George Bush-check, evil capitalists-check, see if you throw another topic in there he may have to start over.
bill-tb

Excuse me — Couldn’t quit laughing at the ignorance.

The election proved it’s real easy to make idiot voters out of ignorant people. Next thing they will want is to sell you the global warming hoax. See comment above for details, or watch the post-election videos of the brilliant Obama voters.

Rob: You missed the unsustainable retirement and benefits packages the union thugs demanded.

Here is a video about building cars … When you don’t have the unions and government crap to deal with.
http://info.detnews.com/video/index.cfm?id=1189

I say the US auto companies should all move to China or South America, dump the unions, then sell cars to the world, make money, be happy. The Chinese need and want jobs — Americans want free pies.
Dino

30 years of conservatism kissing corporate butt brought us here. 30 years of worshipping the wealthy, 30 years of catering to the top 1%, 30 years of bowing down to the moneyed interests.

And now you complain?
http://proof-proofpositive.blogspot.com/ proof_positive

30 years of conservatism kissing corporate butt brought us here.

Dino: What part of the letters “U” “A” “W” don’t you understand?

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Step One: Mismanage Your Company Into Insolvency, Step Two: Spend Tens Of Millions Lobbying Congress

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