Comments on: Frank on Auto Bailouts and Income Inequality

By: Japanese Used Cars

Japanese Used Cars — Sat, 28 Feb 2009 15:39:02 +0000

It would cost about $100 billion to rescue the Big Three auto makers. This amount is more than five times the amount of loans the car makers have already received. And the burden will come on taxpayers – that too in the times of recession.

By: Japanese Used Cars

Japanese Used Cars — Sat, 28 Feb 2009 07:39:02 +0000

By: Mumbai SEO

Mumbai SEO — Sun, 08 Feb 2009 09:05:43 +0000

Well, the unions all over the world have to realize that they learn to adjust to tough economic times or perish soon!

By: Devin K.

Devin K. — Mon, 12 Jan 2009 06:35:56 +0000

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By: csc5502

csc5502 — Thu, 01 Jan 2009 20:07:06 +0000

Unions already drove out most of the manufacturing jobs in this country, but that's not good enough I guess. They'll be happy when the auto industry folds too.

As for Barney Frank and his "income inequality" nonsense...give me a break. This isn't a communist country, you socialist dolt, although it may be in the next four years.

If you get a better job, you make more money. Simple formula. And by the way, didn't Congress just give themselves a raise? They make more than twice the average American already. Doesn't Comrade Frank care about that?

Liberals are hypocritical liars. If they really cared about all this socialist crap, they would all work for at MOST the median income of their constituents. They don't. They would use the Social Security system they require us to pay into. They don't. They would send their kids to the same failing public dropout factories they make us pay for. They don't.

It's all a bunch of lies.

http://poorrepublican.today.com/

By: Jill

Jill — Mon, 15 Dec 2008 20:24:31 +0000

so quick to believe Republican LIES. Union members do NOT make anywhere near $65/hr. the GOP claims. The calculations they use to magically come up with that figure is VERY SKEWED and has been disproven, HET they continue to tell that bold faced LIE. The GOP would love nothing more than to break the backs of American workers. PERIOD. They LOVE high unemployment…they can cut their workforce, pay less all while paying themselves even more!

By: massimo

massimo — Sat, 13 Dec 2008 17:00:50 +0000

Our politicians are saying that the hard working Americans must get pay cut !
Is it okay to spend money in order to get elected or Re-elected ?

http://www.truthdig.com/report/item/20080401_a_...

By: Bryan in Miami

Bryan in Miami — Sat, 13 Dec 2008 03:15:44 +0000

The UAW didn't destroy anything. The big 3 are being forced to compete with companies who don't have to cover healthcare and retirement costs because THEIR GOVERNMENT PICKS UP THE TAB FOR THESE THINGS.

If we get single payer healthcare and strengthen the OASDI and make gov't sponsored IRA's more viable, and the Big 3 STILL FAIL, then you can let the market have its way.

By: Susan

Susan — Tue, 25 Nov 2008 01:21:32 +0000

Gettelfinger is out of touch with reality. The UAW destroyed the big 3. When people on wallstreet get a pink slip, they don't go to a jobs bank for lifetime paychecks and benefits. Without drastic concessions from the UAW, the big 3 will never be profitable. Taxpayers don't want to give their money to support failing companies and the UAW outrageous wages and benefits. If a company can't turn a profit, there is no reason for them to exist. The big 3 haven't turned a profit in years. UAW workers are greedy and were overpaid for decades. Its time they learned how the rest of America's workers have it.

By: Lance

Lance — Mon, 24 Nov 2008 17:33:23 +0000

Great, I don't have a pension, and minimal health benifits, but the UAW wants to take MY money and give it to a bunch of people who already get paid WAY more than me. Why would have to support those jerks who sucked their own company dry? Ummm, maybe they should get rid of the labor pool and stop paying people NOT to work? The UAW abused their power and killed the goose, now they want to siphon from tax payers. What jerks….

Any bailout for any business is a bad idea. It's not the governments job to take risk out of the system. Risk and the resulting consequences of taking too much are necessary. The UAW is seeing the result of the financial risk they put on the big three, not the american auto industry. The US auto industry will just fine without them.