UAW to Congress: The autoworkers union calls on the government to give aid to GM Get a deal done Ford and Chrysler before Congress adjourns. (CNN.com)
Since they are fighting for this bailout, I know its a bad idea. If any congressional leader elects to give the money to the auto companies based on this plea, then they are spineless just like I thought.
"Congress must not adjourn with the Bush administration in place without an
agreement,"
UAW President Ron Gettelfinger.
That sounds like a demand instead of a request, from a person who didn't see this coming. Now they suddenly know how to fix the car industry! 2 years ago they didn't see this crash coming. Yes it is a crash, it is time to stop calling it an economic downturn. Its time for economist and people in the financial sector to stop acting like they know whats going on. Every week it is some new anomaly in the system they are trying to explain for the reason why the bailout isn't working. Can't they admit this is a completely new situation that can't be fixed by using the economic models that got us into this mess. The people old enough to remember the depression, are not the same people that pulled us out of the depression. Just because they have a government title, does not mean they know anything when it comes to the financial sector. In fact it probably means the opposite.
Business in the areas of the big 3 factories agree with a bailout (CNN.com)
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