GM to Use $1 Billion of Bailout Money to Save Jobs...In Brazil

Yeah, I know, I'm preaching to the choir.

General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.

According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012."

GM already announced three programs of paid leave, and Ardila added that GM Brazil "is going to wait and see how the market behaves in order to know what decision to take" with regard to possible layoffs.

Thanks Suckers: Chrysler Thanks Taxpayers for Bailout Money by Purchasing $100,000 Ad in the USA Today

Chrysler has purchased a full page ad in the USA Today thanking Americans for providing them with bailout money. An action that most Americans opposed. Not exactly good business sense to spend the bailout money on such an ad. Then again, why not? It's not their money anyway.

See the ad here.

Angry UAW Workers Lash Out at Southern Senators

They cry now, but in the end, they'll get what they want. And the American taxpayer will be stuck paying the tab for the greedy UAW to continue to work in a failed business model and make wages way above the average American.

Festering animosity between the United Auto Workers and Southern senators who torpedoed the auto industry bailout bill erupted into full-fledged name calling Friday as union officials accused the lawmakers of trying to break the union on behalf of foreign automakers.

The vitriol had been near the surface for weeks as senators from states that house the transplant automakers' factories criticized the Detroit Three for management miscues and bloated UAW labor costs that lawmakers said make them uncompetitive.

But the UAW stopped biting its tongue after Republicans sank a House-passed bill Thursday night that would have loaned $14 billion to cash-poor General Motors Corp. and Chrysler LLC to keep them out of bankruptcy protection. The Bush administration later stepped in and said it was ready to make money available to the automakers, likely from the $700 billion Wall Street bailout program.

UAW Commits Suicide: Bailout Dead!

The Big Feed is taking full and sole credit for this conservative victory. Well, actually, the greedy UAW workers sealed their own fate.

A $14 billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night after the United Auto Workers refused to accede to Republican demands for swift wage cuts.

Senate Majority Leader Harry Reid said he was "terribly disappointed" about the demise of an emerging bipartisan deal to rescue Detroit's Big Three.

He spoke shortly after Republicans left a closed-door meeting where they balked at giving the automakers federal aid unless their powerful union agreed to slash wages next year to bring them into line with those of Japanese carmakers.

Republican Sen. George V. Voinovich of Ohio, a strong bailout supporter, said the UAW was willing to make the cuts — but not until 2011.

It seems everyone was set to make concessions except for the UAW. At least not for 3 years. What an absolute joke. I'll see you putzes in the soupline.

There Will Be Riots if the Auto Bailout Passes

This is an exclusive interview of Senator Jim DeMint by ALG News on 12-10-2008. Senator DeMint talks about possible reactions once people realize how unfair the 'bailouts' are.

Detroit Church Prays for Bailout...with SUV's at the Altar

So now it's a God thing? This UAW bailout is a mistake of epic proportions. And the blame needs to be placed squarely on the Democrats.

With sport-utility vehicles at the altar and auto workers in the pews, one of Detroit's largest churches on Sunday offered up prayers for Congress to bail out the struggling auto industry.

"We have never seen as midnight an hour as we face this week," the Rev. Charles Ellis told several thousand congregants at a rousing service at Detroit's Greater Grace Temple. "This week, lives are hanging above an abyss of uncertainty as both houses of Congress decide whether to extend a helping hand."

Local car dealerships donated three hybrid SUVs to be displayed during the service, one from each of the Big Three. A Ford Escape, Chevy Tahoe from GM and a Chrysler Aspen were parked just in front of the choir and behind the pulpit.

Ellis said he and other Detroit ministers would pray and fast until Congress voted on a bailout for Detroit's embattled automakers. He urged his congregation to do the same.

They're going to fast? My ass. Ten bucks says you can find them at Mickey D's tomorrow morning throwing back the McGriddles.

In Argentina, Ford and GM are Selling Autos At Cost to Survive -- In America, They Beg for Taxpayer Money

Take a look at what Ford and GM are doing in South America. Yet here, they have the "audacity" to take taxpayer money to feed the greedy UAW workers.

Argentine automakers will sell basic models at cost through state-subsidized loans in a plan to protect jobs in Latin America's third-biggest economy from the global economic slowdown, government officials said on Saturday.

Local plants of Renault SA, General Motors, Peugeot, Ford Motor Co. and other automakers will participate in the government's plan to protect 150,000 auto industry jobs and to keep production from falling steeply next year.

"We have agreed with the plants that these cars will be offered without a profit margin and the dealerships will also reduce their profit margin," Industry Secretary Fernando Fraguio told a news conference on Saturday.

Automaker Bailout Bill in Trouble

Say no to this bill.

They can’t get it done.

That is the backroom word on Capitol Hill as auto executives from the Detroit Three wrapped up a second, and final, day of hearings before the House in attempt to get a $35 billion loan to keep them solvent.

Instead, speculation is that the Bush administration — loath to watch a U.S. automaker drown in its last month in office — will offer $8-14 billion band-aid to GM and Chrysler (both of which will run out of cash this month) possibly from the TARP.

“Detroit’s automakers will be lucky to get less than half of the $34 billion they’re seeking for survival, as several House members said today there was simply not enough time to examine the industry’s pitch and hammer out a consensus by next week,” reads one report from the Detroit Free Press. “Only stopgap funding of up to $14 billion appeared possible next week.”

This will act as a tourniquet for the two most-crippled automakers so they can limp along until the Obama administration can convene with a new Congress and tackle long-term surgery in the new year.

h/t NRO

Look at this Crap

A UAW commercial begging Americans to fund their bailout so they can continue to make their extremely generous wages, their health insurance, their disability insurance and their fantastic pensions.



Say no to the UAW bailout

Shameful: GOP Congressman Says Bailout Money is Not Your Money

Watch Michigan Congressman Joe Knollenberg flat out lie trying to justify giving taxpayer money to his constituents.

Mitt Romney: Do Not Bailout the Automakers

This might be the most sober and honest take on the automaker bailout plan yet. Great read.