Merger on the cards for GM and Chrysler

Merger on the cards for GM and Chrysler

The good time band is over and they should understand the meaning of enough is enough. I hope the auto worker of the big three and the big time spender of the auto worker has or did save some money for rough time in jericho.I know lot of my old frieds who is working for the big three spend money like water.Sorry I am just a school janitor and I do have small saving. I know they are crying the blues and I hope I wish them well.

Hey! UAW hot shots, American taxpayers remind the US Congress & Senate that UAW is NOT federal employees; hot shots, you don’t set conditions to US federal government to accept UAW offers, let the Obama’s pollers and TV media to decide your UAW folks' fate and how to live through direction. You are the one wearing Obama T-shirt to ask for bailout, you are the one refused Sen. JOHN McCAIN’s 2-year Community College re-training welfare program, what Republicans can say ? If Obama’s supporters don’t want to buy a UAW-made car, Republicans can’t acting like a car salesman to force Obama’s someone to love America, to buy American-made. So to bailout UAW, but NO future car marketing, NO American Patriotism, NO American dream car. YOU voted for A CHANGE THAT YOU BELIEVE IN, Obama DOES offers UAW to work on his Obama’s great Highway-repair plan since UAW turned down Sen. JOHN McCAIN’s 2-year Community College re-training for Transforming Lives. Too hard to comfort, UAW want to being a continuous Joe, the 6-pack.

Last ditch effort...
:confused:
With time short, Congress tries to seal auto deal
Dec 7, `08 WASHINGTON (AP) - Racing to seal a deal with the White House, Democratic congressional leaders dispatched aides Saturday to draft an emergency $15 billion aid package to pull Detroit’s Big Three automakers from the brink of collapse.

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Capitol Hill leaders prepared to sell yet another bailout to a skeptical Congress. It is an uphill battle: The anger is fresh over how the Bush administration used the $700 billion Wall Street rescue fund and lawmakers are questioning whether the once-mighty auto giants can survive. Still, with Washington spooked by massive job losses that provided the latest evidence of a deepening recession, the White House said it was in “constructive discussions” with lawmakers in both parties on the assistance. House and Senate Democratic staff aides worked through the weekend to hammer out details, with votes on the plan expected in the week ahead.

The emerging measure would speed short-term help to General Motors Corp. (GM), Ford Motor Co. (F) and Chrysler LLC, while empowering the government to order a wholesale restructuring of the industry and imposing tight restrictions on the Big Three, according to congressional officials and others close to the talks. They described the developing plan on condition of anonymity because the details were not final. It is designed to tide over the companies - particularly GM and Chrysler, which have warned that they are just weeks from going bust - through March, when Barack Obama is president and a new Congress could consider a longer-term solution.

A breakthrough on the long-stalled rescue came Friday when House Speaker Nancy Pelosi, D-Calif, yielded to President George W. Bush on a key point: allowing the aid to come from an existing fund set aside for the production of environmentally friendlier cars. White House press secretary Dana Perino said that was central to any agreement, along with requirements that the carmakers swallow tough business decisions and taxpayers be protected. “Taxpayers should not be asked to finance assistance for automakers without a strong likelihood that they will be paid back," Perino said in a statement Saturday.

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