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I'm nothing if not a man of the times, NYE.
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I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891 -
Senator Shelby threatens to filibuster any bailout.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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I want to get some of these bailout RINOs out of the legislature. Start with Cantor. He's such a ****ing turd. Acts all tough and conservative, but he's really a *****.Comment
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what if Jobs ran Chrysler?
Originally posted by Serb:Please, remind me, how exactly and when exactly, Russia bullied its neighbors?
Originally posted by Ted Striker:Go Serb !
Originally posted by Pekka:If it was possible to capture the essentials of Sepultura in a dildo, I'd attach it to a bicycle and ride it up your azzes.Comment
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Steering wheels > clickwheels"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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That's a fun "blue sky thinking" article. Apple has great industrial design that is something of a riff on the New Beetle.
But I wonder whether Detroit has an ounce of design creativity in it. There is so little truly great design even in Silicon Valley.
Also, you can completely outsource your luxury/specialty car manufacturing. Lotus will happily make the cars for you. But I bet it would be at least somewhat tougher in the mass market.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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So the Dem leadership and Bush are still negotiating on a bailout. They keep saying a deal is near, but nothing has been presented so far.
Nobody is counting votes yet, which seems sort of ridiculous. There appear to be hurdles here. There have to be several deals to make this happen -- not merely a deal between the Dem leadership and Bush. Hopefully, the good Republicans in the Senate can band together with a few Dem stragglers to kill this off.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Amen.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio RegumComment
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Originally posted by KrazyHorse
You are a fvcking moron
One post. Correct diagnosis.
The old man's still got it. At times...Comment
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Originally posted by KrazyHorse
You are a fvcking moron
One post. Correct diagnosis.
The old man's still got it. At times...Comment
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Evidently, not this time."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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I'll charge the tank with a hand grenade.Comment
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A deal has reportedly been reached to bailout the automakers.
WASHINGTON -- The White House and top Democrats on Capitol Hill reached agreement in principle on a sweeping rescue package for the nation's auto makers, hoping to propel action this week on billions of dollars in aid, a senior administration official and congressional aides said.
The legislation would provide billions in loans to the car industry in return for the U.S. government taking a potentially substantial ownership stake and a direct role in the industry's restructuring, setting the stage for one of the most far-reaching government interventions in American industry in decades.
The bill would provide short-term funds, expected to total about $15 billion, and would kick off discussions about longer-term taxpayer financing.
The final pieces of the legislation, which could begin to be debated and perhaps voted on as soon as Wednesday, came together late Tuesday after several hours of dickering over terms from taxpayer protections to what the industry should give up in return for loans. A senior administration official said line-by-line drafting of the legislation was still taking place Tuesday night, but added the core elements of the plan have been decided.
"We think we have achieved an agreement that is consistent with the president's goals and principles," the official said, stressing the president's commitment to a return to financial viability for the companies. "We have an agreement in concept."
Industrial policy experts compared the scale of the proposals to bailouts of Lockheed Aircraft Corp. and Chrysler Corp. in the 1970s, but noted that the auto rescue would impose far stricter conditions.
Government attempts to set strategy for individual industries are unusual, said David Hart, an associate professor of public policy at George Mason University, noting that "the last big effort" in which President Harry S. Truman tried to seize steel mills was declared unconstitutional.
With an agreement in hand, allies of the troubled industry will face their next big challenge: pushing the initiative through Congress. The prospects for passage appear favorable in the House, where Democrats, who debated the issue behind closed doors Tuesday, have firm control over the levers of power and have led efforts to avert an industry collapse.
"There were questions, but no loud opposition," said one participant in Tuesday's meeting.
The outlook is much less certain in the Senate, where 60 votes will be needed to ensure passage and Democrats until the end of the year are operating with a slim 50-49 majority.
If passed, the program would be overseen by an official whom congressional aides and lawmakers describe as an auto czar. He or she would bring together labor, management, creditors and parts suppliers to negotiate a long-term restructuring plan. The czar could pull back the loans if the companies don't negotiate in good faith. And if a company and its stakeholders can't agree on a plan, the czar would be required to recommend one, including the possibility of a Chapter 11 bankruptcy reorganization.
The plans would have to be in place by March 31. The companies could qualify for a 30-day extension. But after that, the legislation would require the president to call the loans if no plan is produced.
"Bottom line, that's a big hammer," the official said. "If they're not viable, the money comes back to the government."
In the give and take, lawmakers agreed to ease a mandate that the government review large transactions by the car makers. The legislation would now subject deals valued at $100 million or more to government review, up from the $25 million previously proposed, according congressional aides. The White House had suggested the cap be set at $250 million.
One unresolved issue is a Democratic-backed provision would bar the car makers from participating in lawsuits challenging state limits on greenhouse-gas emissions. Some congressional officials were insisting Tuesday night the provision stay in, but others conceded it would have to fall out to ensure Republican support.
Democratic leaders hope to have the legislation on the House floor late Wednesday, with Senate action following soon after. Senate Majority Leader Harry Reid (D., Nev.) suggested he is willing to hold the Senate into session through this coming weekend if that's what it takes to overcome promised filibusters from opponents, including Sen. Richard Shelby (R., Ala.).
"Everyone should understand, we're going to work until we complete this," he said.
General Motors Corp., Chrysler LLC and Ford Motor Co. are seeking $34 billion in loans or lines of credit to weather the recession and steep drop in car sales. Ford says it doesn't need short-term financing but is seeking a long-term line of credit. GM and Chrysler say they need cash before the end of the year or risk collapsing.
[rest of article snipped]
Nationalization has always been my preferred course of action. Let them have money and let the people get an ownership stake.
This path worked extremely well for both Renault and Volvo. All we have to do is make sure the companies are really restructured and then reprivatized rather then just ****ed over and dumped like Thatcher did with British Leyland.Try http://wordforge.net/index.php for discussion and debate.Comment
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The good news is we now know exactly what the eventual auto bailout will look like and the taxpayers will get an ownership stake for putting up the money. Passage in the Senate may be problematic but the good news is there are enough votes to change the terms of the fuel economy loans if Republicans attempt to block progress. Then in January Democrats will have 8 more votes in the senate which should be enough to over come Republican resistance if it is necessary.Try http://wordforge.net/index.php for discussion and debate.Comment
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Bleck. Hopefully the filibuster works...
And no, there is no good news. Good news would be, "GM has filed for Chapter (something) bankruptcy".
I wonder if I can sue the Senate for wasting my money? I'm sure there's a harm there somewhere...<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote.Comment
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