Bailout At Work- Chrysler Gets Bailout Tax Dollars, Immediately Offers 0% Financing…
Seems Chrysler has decided to put the bailout dollars it got to immediate use: With $1.5 billion in federal loan money on the way, Chrysler LLC rolled out an array of financing options including 0 percent to lure customers back into dealerships. Chrysler is offering 0 percent financing for up to 60 months on many [...]
George Bush- “Auto industry bailout is not imminent…”
Thankfully, it seems Dubya has finally figured out that bailing out the Auto industry is like taking a large sum of money and throwing it in a bottomless pit. The essesnce of the free enterprise system is that profitable companies survive and excel, less profitable ones fail and go out of business. Detroit has chosen [...]
Yikes… UAW Contract has 2,215 Pages…
Any wonder why Detroit is so far behind when it comes to profit? I’ll tell you this much, those 2,215 pages don’t include much regarding efficiency and competitiveness. What you’ll find are hundreds of rules, regulations, and letters of understanding that have hamstrung the auto companies for years. Laborpains.org Posted by PUMA Pundit
UAW tries to blackmail Congress like they’ve been blackmailing Detroit…
UAW has a new ad talking about why they deserve a handout: Reason 1- Millions of people would lose their jobs if they don’t get one. Reason 2- Wall St. got a handout, so should they. How about if UAW voluntarily disbanded and allowed management to make decisions that focus on the bottom line instead [...]
Michael Moore on Larry King- Wants Uncle Sam To Take Over Big 3 Car Companies…
I respect Michael Moore, I really do, in college, he was a hero to me, then I grew up, worked in Corporate America and then became a business owner myself. At this point I realized that if I tried to implement a Michael Moore version of capitalism, I would be out of business very quickly. [...]
