Comments on: The Wrestling Match over the Auto Bailout http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/ Tue, 24 Nov 2009 03:51:59 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: sunshine http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/comment-page-1/#comment-119012 sunshine Wed, 10 Dec 2008 22:09:27 +0000 http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/#comment-119012 <p>ew<br /> What’s this about accepting funds from stock for health care? Is that “preferred stock” or “common stock”? According to Crammer it sounds like the preferred stock is still paying out dividends and has some value and he thinks the common stock might be disolved (like in bankruptcy?). I don’t know much about stock but Crammer was saying their “preferred stock” had some value and they were waiting to see how it was structured if their <strong>keeping the common stock</strong>. It sounds like they may not have any stock but preferred soon.</p> <blockquote><p>and accepting half of the money for the retiree health care trust fund in stock.</p></blockquote> <p><a href="http://www.thestreet.com/_yahoo/video/cramermarketupdates/10452488.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA" rel="nofollow">http://www.thestreet.com/_yaho.....;cm_ite=NA</a></p> ew
What’s this about accepting funds from stock for health care? Is that “preferred stock” or “common stock”? According to Crammer it sounds like the preferred stock is still paying out dividends and has some value and he thinks the common stock might be disolved (like in bankruptcy?). I don’t know much about stock but Crammer was saying their “preferred stock” had some value and they were waiting to see how it was structured if their keeping the common stock. It sounds like they may not have any stock but preferred soon.

and accepting half of the money for the retiree health care trust fund in stock.

http://www.thestreet.com/_yaho…..;cm_ite=NA

]]> By: fatster http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/comment-page-1/#comment-118958 fatster Wed, 10 Dec 2008 20:01:07 +0000 http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/#comment-118958 <p>Nice:</p> <p><a href="http://www.boycottalabamanow.com/" rel="nofollow">http://www.boycottalabamanow.com/</a></p> Nice:

http://www.boycottalabamanow.com/

]]> By: fatster http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/comment-page-1/#comment-118954 fatster Wed, 10 Dec 2008 19:54:29 +0000 http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/#comment-118954 <p>Do you know if there is a video up of Mel Watt blasting Paulson? I’d love to see it. Thnx.</p> Do you know if there is a video up of Mel Watt blasting Paulson? I’d love to see it. Thnx.

]]> By: readerOfTeaLeaves http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/comment-page-1/#comment-118927 readerOfTeaLeaves Wed, 10 Dec 2008 19:06:18 +0000 http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/#comment-118927 <p>You make a really good point, JohnJ. Particularly this part: </p> <blockquote><p>Do we have the guts?</p></blockquote> <p>Time to suck it up and find some.</p> You make a really good point, JohnJ. Particularly this part:

Do we have the guts?

Time to suck it up and find some.

]]> By: earlofhuntingdon http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/comment-page-1/#comment-118926 earlofhuntingdon Wed, 10 Dec 2008 19:00:31 +0000 http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/#comment-118926 <p><em>Right to Work = Right to Fire</em></p> <p>The phrase “right to work”, as used to describe state “worker” legislation, is a lie and an oxymoron. Such laws strip employees of employment protection and allow an employer can fire them at will, with or without cause, and incur no liability. </p> <p>The only thing laughable about it is when managers from these states attempt to “manage” their European operations, where employees have rights relating to performance evaluations and job retention, notice of plant changes and closures, personal and family leaves, and workplace safety (including ergonomic standards Antonin Scalia’s son personally skewered in America). </p> <p>The bad press and worker relations, the liability and the financial chaos that results is a reminder that the only thing we learn from history is that we never learn from history.</p> Right to Work = Right to Fire

The phrase “right to work”, as used to describe state “worker” legislation, is a lie and an oxymoron. Such laws strip employees of employment protection and allow an employer can fire them at will, with or without cause, and incur no liability.

The only thing laughable about it is when managers from these states attempt to “manage” their European operations, where employees have rights relating to performance evaluations and job retention, notice of plant changes and closures, personal and family leaves, and workplace safety (including ergonomic standards Antonin Scalia’s son personally skewered in America).

The bad press and worker relations, the liability and the financial chaos that results is a reminder that the only thing we learn from history is that we never learn from history.

]]> By: klynn http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/comment-page-1/#comment-118922 klynn Wed, 10 Dec 2008 18:49:07 +0000 http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/#comment-118922 <p>Did an Oxdown a few weeks ago about that very issue as an open letter to Boehner. Did county by county calculations.</p> Did an Oxdown a few weeks ago about that very issue as an open letter to Boehner. Did county by county calculations.

]]> By: earlofhuntingdon http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/comment-page-1/#comment-118918 earlofhuntingdon Wed, 10 Dec 2008 18:41:16 +0000 http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/#comment-118918 <p>Harry Reid suggest that the US Automotive & Manufacturing Resources Restructuring Project (the “bail-out” to the word-challenged MSM) is so important he’ll demand that the GOP filibuster it, instead of mildly threaten to do so, which normally works with today’s Dems? </p> <p>Consider the source. This man has been in George Bush’s Washington the last eight years. He has witnessed the Patriot [sic] Act, the MCA, the Detainee Treatment Act, and White House condoned torture, domestic spying, and lying us into wars. But he reserves his hyperbolic criticism for a corrupt Midwestern state official and a Democrat:</p> <blockquote><p>The charges against Governor Blagojevich are appalling and represent as serious a breach of the public trust as I have ever heard.</p></blockquote> <p>The man is blind and deaf, a house cat caught in a back alley with his more feral mates, whose meows are barely heard and rarely paid attention to. </p> <p>h/t Crooks and Liars</p> Harry Reid suggest that the US Automotive & Manufacturing Resources Restructuring Project (the “bail-out” to the word-challenged MSM) is so important he’ll demand that the GOP filibuster it, instead of mildly threaten to do so, which normally works with today’s Dems?

Consider the source. This man has been in George Bush’s Washington the last eight years. He has witnessed the Patriot [sic] Act, the MCA, the Detainee Treatment Act, and White House condoned torture, domestic spying, and lying us into wars. But he reserves his hyperbolic criticism for a corrupt Midwestern state official and a Democrat:

The charges against Governor Blagojevich are appalling and represent as serious a breach of the public trust as I have ever heard.

The man is blind and deaf, a house cat caught in a back alley with his more feral mates, whose meows are barely heard and rarely paid attention to.

h/t Crooks and Liars

]]> By: Kathryn in MA http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/comment-page-1/#comment-118910 Kathryn in MA Wed, 10 Dec 2008 18:36:16 +0000 http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/#comment-118910 <p>From Mary at The Left Coaster =<br /><a href="http://www.laobserved.com/archive/2008/09/extimes_reporters_sue_zel.php" rel="nofollow">http://www.laobserved.com/arch.....ue_zel.php</a><br /> Times Reporters Sue Zell.</p> <p>Good! This action should catch on.</p> From Mary at The Left Coaster =
http://www.laobserved.com/arch…..ue_zel.php
Times Reporters Sue Zell.

Good! This action should catch on.

]]> By: Oxford08 http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/comment-page-1/#comment-118902 Oxford08 Wed, 10 Dec 2008 18:09:26 +0000 http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/#comment-118902 <p>There are a lot of good points here. It’s always useful to keep in mind, or be reminded, that the issues at work here aren’t so easy to generalize, the fact that the media likes digestible chunks (as does Congress) notwithstanding. </p> <p>On the other hand, the attempts by the Big 3 at union busting is pretty upsetting.</p> There are a lot of good points here. It’s always useful to keep in mind, or be reminded, that the issues at work here aren’t so easy to generalize, the fact that the media likes digestible chunks (as does Congress) notwithstanding.

On the other hand, the attempts by the Big 3 at union busting is pretty upsetting.

]]> By: applepie http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/comment-page-1/#comment-118899 applepie Wed, 10 Dec 2008 17:55:05 +0000 http://emptywheel.firedoglake.com/2008/12/10/the-wrestling-match-over-the-auto-bailout/#comment-118899 <p>Grumpspaniel: I agree with you! </p> <p>I just want to see more reform come from the shopfloor upwards! </p> <p>I support the bailout, and most certainly the union. </p> <p>I just really despise what the corporate behemoths have done to our environment…and we need to do more.</p> <p>The next car I buy (I currently have an environmentally unfriendly Mazda 3) I hope will be a greener American union made vehicle that drives well and will last. </p> <p>And isn’t that what this all comes down to: Who will make our next car? Union labor or non-union labor?</p> Grumpspaniel: I agree with you!

I just want to see more reform come from the shopfloor upwards!

I support the bailout, and most certainly the union.

I just really despise what the corporate behemoths have done to our environment…and we need to do more.

The next car I buy (I currently have an environmentally unfriendly Mazda 3) I hope will be a greener American union made vehicle that drives well and will last.

And isn’t that what this all comes down to: Who will make our next car? Union labor or non-union labor?

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