The Senate had no problem handing the financial industry all the money it needed without condition or concession to correct the economy, never mind that no evidence has presented itself that they've even tried to do so. But when the CEOs of General Motors, Chrysler, and Ford came to Washington for help, they got their noses rubbed in the carpet for flying private jets.
These cats spend taxpayer dollars on golf outings for Saudi sheiks and they're complaining about guys flying their own jets.
Bottom line is that unless billions of dollars magically show up for Detroit, the town, the State of Michigan, and several surrounding states are screwed in the short term and the U.S. in the long term. ...
Leaving A Family Legacy
Will & Jada Smith have no problems with their children following in their footsteps in Hollywood.
Charley Gallay, WireImage
Willow & Jaden have both been cast into their father's movies.
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Phillippi Sparks' son might not have carried on the family football tradition of the NFL cornerback. But his daughter found success in another field.
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Jordin Sparks, the winner of the sixth season of American Idol and sang the "National Anthem" for the Super Bowl XLII, which made he dad very proud.
Mark Mainz, FOX / AP
Actor Alan Thicke passed on his good looks to his son, but not the acting gene.
Michael Buckner, Getty Images
While Grammy Award winning singer Robin Thicke does acting on occasion, he actually carries on the legacy of his singer mother Gloria Loring, who co-wrote the theme songs to "Diff'rent Strokes" and "The Facts of Life" with his father.
Retna
A name as cool asCuba Gooding has to be passed down through generations. The elder Cuba Gooding, the lead singer of the soul group The Main Ingredient, has passed on his legacy of entertaining to his two sons.
Michael Ochs Archives, Getty Images
In Cuba Gooding, Jr. movie "Radio," there is a scene where he is listening to The Main Ingredient. He's pictured here with his brother Omar.
Gregg DeGuire, WireImage
Basil Patterson a labor lawyer and longtime political leader in New York and Harlem passed the torch to his son, the 55th Governor of New York.
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Before becoming Governor, David Patterson represented the same Harlem district in the State Senate that his father did.
Spencer Platt, Getty Images
As UAW head Ron Gettlefinger pointed out at a Detroit press conference, Shelby and his cronies either do not care or are too ignorant to know how they may well have damned the U.S. economy. Truth is, most wealthy southerners cringe at the very idea of organized labor. Their idea of a good job and a living wage are the honorable duties and lofty wages of a Wal-Mart greeter.
The GOP felt that the bailout plan did not do enough to ensure that the auto companies could return to viability, but the devil is in the details. There was only one real sticking point in this whole debacle: the union. The Rebubs wanted the UAW to cut their wages and benefits down to parity with that of workers who are employed by foreign automakers, which they were willing to do by 2011 because of the complicated means of doing it and because that's when their contract expires.
Shelby and Co. wanted it done immediately and when the union said it had no more blood to give, the Senate voted the loan of $14 billion down.
This comes after weeks of conservatives who know nothing about automaking blathering on television the myth that every autoworker makes $70 and hour; that they sit in factories and do nothing all day; that Chapter 11 bankruptcy will give the companies a chance to restructure themselves and correct every problem; that the financial and credit crisis has nothing to do with poor auto sales.
Here are some facts:
_ The average autoworker wage in this country is closer to about $28 an hour. It goes up when benefits and insurance costs are factored in.
_ Auto plants are filled with people who have several responsibilities from welders, to engineers to inspectors, to linemen and women. It's tireless, stressful work and it takes teams of skilled laborers much effort to put together good cars. I should know, I was raised in a family of them.
_ Chapter 11 bankruptcy will almost certainly lead to Chapter 7 liquidation because there is not enough time to restructure the companies in a way that will allow them to become more efficient and eventually profitable. In the early 80s, Chrysler did have the time because they were given a chance by the government.
_ The economy tempest we're in is the biggest culprit of all in the suffering of the Big 3. The diminishing inability of many Americans to get loans to finance large purchases was predicted months ago to have an effect on the auto industries since, like homes, most people do not buy cars outright with cash.
Tennessee Sen. Bob Corker, whose home state hosts GM's Saturn plant and other foreign automakers did try to negotiate with Gettlefinger to make some type of 11th hour deal. But Scrooge Shelby would have none of it. Essentially, the GOP's demand was that there would be no deal unless the union put the barrel of a sawed-off shotgun in its mouth and pulled the trigger.
Now, I'm not saying that the Big 3 have not made mistakes. To be honest, the seeds were sewn when Hondas and Toyotas entered the American marketplace in the 70s, giving baby boomers who couldn't afford Detroit hogs cheaper cars to drive during a double-whammy recession and oil crisis. The children of those baby boomers grew up and remembered those brands, never feeling loyal to the American companies. Instead of offering them cost-effective fuel efficient options in the 90s, they sold them SUVs that they eventually would not be able to afford when their credit went bad.
Some of the blame does go to the UAW, even though they negotiated for future wages and benefits for younger workers, they did not see the writing on the wall when it came to what U.S. trade policies would do to their employers, making them unable to stay profitable and continue with the wage and benefit structure.
Most of the blame goes to the American consumer (YES YOU), however, for demanding gas guzzlers from the Big 3 as if the 90s gravy train would never run out. Rather than demanding and purchasing well-engineered, safe autos with a high resale value, you bought those big, ugly Escalades and Yukons. That was pretty stupid, folks.
There is one last longshot, maybe (and I do mean maybe) President Bush will redeem himself for eight years of idiocy by giving money meant to bailout the finance industry to the auto companies. $14 billion does not seem like a lot when the potential cost to the U.S. could run into the trillions in unemployment payments, welfare, business bankruptcies and health care.
New Orleans had been warned for years that a storm like Hurricane Katrina would wipe the town out. Nobody listened. Nobody wanted to spend the relative pittance of federal money it would have taken to shore up the levies in that town to prevent catastrophe. The storm came. The storm destroyed an entire American city.
Once again we're facing a catastrophe that Stevie Wonder could see with clarity. If nobody acts, we can expect a slow motion Hurricane Katrina, first in Detroit, then spreading to the entire nation.


Comments: (19)
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By: chas jr on 12/14/2008 12:23PM
The unions busted themselves , I only had bad experiance with them taking my money when I didnt even work for the company anymore. I hope they burn in hell.
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By: Ester on 12/14/2008 4:01PM
I understand what the employees are saying, and hopefully something will be done to protect their jobs. It's the CEO'S and crooked politicans that should held accountable for all this mess. Free trade and Fair trade are not one and the same. Anybody heard of the BILDERBERGERS?
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By: ROSE FORD on 12/14/2008 10:07PM
WHY CANT HE BIG OIL COMPANY BAIL THEM OUT. THEY MADE
PLENTY OF MONEY.?
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By: ROSE FORD on 12/14/2008 10:15PM
WHY CANT THE OIL COMPANY BAIL THEM OUT. THEY MADE PLENTY OF MONEY?
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By: J ANELL on 12/15/2008 12:03AM
COULD U TELL ME WHY THAT YOU ALL DON'T WANT TO BAIL GENERAL MOTOR. WELL YOU ALL BAIL OUT THE BIG BANKS, SO WHY NOT GM. ALL OF YOU PEOPLE THAT SIT IN YOUR BIG MENSON AND TALK FOR A LIVING, OR SELL WALLSTREET DOWN THE DRIAN, AND GET BIG MONEY FOR IT. WHAT'S THAT ALL ABOUT.WHO SUPPOSE TO LISTEN YOU,WE WORK,WE NEED TO GET PAID.
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By: J ANELL on 12/15/2008 12:18AM
WHY IS IT THAT EVERY THING GOES WRONG YOU ALL WANTS TO BLAM THE INCOMING PRESDENT,YOU ALL HAVE CALL HIM EVERY THING BUT A CHILD OF GOD, WE HAVE HAD ALL OF THE OTHER PRS. WHAT MAKE YOU THINK THAT WE ALL WERE HAPPY WITH YOU GUYS.PEOPLE GIVEING UGLY LOOK,WHAT THAT SUPPOSE TO MEAN. WE ALL LOVE AMERICAN,AS ANY ONE ELSE.
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By: Terra on 12/15/2008 12:40AM
Amen to Thomas G.
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By: James Roebuck on 12/15/2008 9:07PM
I just retired from GM after a 44 year career We may not all agree with what people do or say but the auto industry has been the back bone of the united states. we need to help them The state of Michigian might as well not exist if this happens. we gave foreign auto companies large sums of break to come here. At the site i retired from over 10000 people have retired
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By: Willie Walker on 12/16/2008 4:48PM
IF YOU WORKS FOR A COMPANY AND DOESN'T WANT A UNION AT THAT COMPANY....YOU'RE A DAMN FOOL !! IF YOU THINK THESE COMPANYS CARES ABOUT YOU....ONCE AGAIN....YOU'RE A DAMN FOOL.....UNIONS CARES ABOUT WORKING PEOPLE...COMPANYS DOESN'T CARE, AND YOU'LL FIND OUT SOON THAN LATER. DON'T BE BLIND BECAUSE THEY'RE PAYING A DECENT WAGES.YOU'LL LOSE IN THE LONG RUN....LIKE HAVING RESPECT FOR YOURSELF AND FAMILY.
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