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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (114596)12/4/2008 9:11:28 PM
From: Aggie11 Recommendations  Read Replies (1) | Respond to of 206347
 
Hi Energyplay,

I have to tell you, it really cheeses me off, all this groundwork being laid for the Automaker Bailouts

Where's the counterpoint about the Automakers With Funny Foreign Names (AWFFN) doing just fine (building cars in America), by comparison? What about their union workforces, how come the union laborforce are copacetic with less costly work agreements, and how come these manufacturers are able to suffer through the tough times without bailout money?

Where's the picture of what happens with a structured bankruptcy, what it actually looks like when it eventually happens (as it undoubtedly will).

I just don't buy all the MoTown shuffle about Parts Suppliers and the Industry Backbone falling like dominoes and Our American Way Of Life collapsing. Does anyone else have a problem with this drivel? How does the AWFFN weigh in on this one???

IMHO Congress is just making the kind of concerned clucking noises they always make when the Fix is In. The Automakers will get the bailout and we'll all be the chumps.

WRITE YOUR CONGRESSMEN NOW! Say NO to bailing out unreformed failed industries.

Regards to all,

Aggie



To: energyplay who wrote (114596)12/5/2008 5:45:04 AM
From: Bearcatbob  Respond to of 206347
 
I cannot believe the auto companies will not be given "something". If nothing else - the "something" should be a bridge to allow time for a prepackaged bk. It is unimaginable to me that a democratic congress will tank the UAW. I do believe a bk is the only way to rid the companies of the myriad of contracts that now essentially doom them.

I suspect the bk of Lehman had a farr worse impact than was anticipated.

It will be interesting to watch. For instance - what cratered the NG producers (eg HK).