Detroit Three executives

C'mon, Tim... These turkeys knew they were coming before Congress to be grilled and they should have been prepared to answer hard questions. Paulson is an administration hanger-on, admitted, but we are not really talking about Nardelli being better than Paulson.

The three "stooges" made fools of themselves.

I recognized two of the Senators you are referencing, but who do you think was the third? ;)

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How many times has Paulson changed his mind about what he is going to do? The reason they need the loan is obvious. There is a credit freeze caused by the banks. The companies have other problems but this is what has caused them to go to the government for loans at this time.

The politicians were laying in wait, determined to make a show for the electorate, who would rather have these companies fail or their workers' standards of living drop than save an industry that helped improve the blue collar worker's life to one that is the envy of the world.

It's quite a dilemma for those who hate corporate America but love the unions.

It makes no difference. At this time, Paulsen is the "bull goose".

EVERYBODY has credit problems. The problems exceed the money even on a national basis.

I am not at odds with you, but this is a shitteaux politics driven issue.

These pimps in Washington will eventually do something, even if it is wrong.

Unfortunately that's probably true. Or they'll do the right thing for the wrong reasons - we can hope.

while you are free and happy to bash unions you seem oblivious to the outrageous "compensation packages" the fuckheads in suits who do nothing all day- they make far more than the workers who earn their wage in mind numbing drugery day in day out. Show some respect

On Mon, 24 Nov 2008 18:00:22 -0500, Tim cast forth these pearls of wisdom...:

Come on Tim. You're coming across as an apologist for the automakers. What does it matter what Paulson did? The Big 3 came to town for a handout and it's perfectly reasonable to expect that they would have a well prepared case for a hand out if they really want one. It's also quite reasonable to expect they would not flaunt their stuff, coming into town in their private jets, etc. They blew it big time, in every sense.

There is no credit freeze either. My daughter just bought a new car - her first car loan. Easily got financing for 7.5%. Had several offers hovering around that same mark. She's only 24 so she does not have the history that you or I have, so that's a pretty good rate for her. What kind of credit freeze is there Tim?

Politicians always want to put on a show for the electorate, and I agree they did so this time. The problem is that the three stooges played right into it and made the show real.

On Mon, 24 Nov 2008 19:06:55 -0800 (PST), snipped-for-privacy@gmail.com cast forth these pearls of wisdom...:

Mind numbing drugery is nothing to respect.

Outrageous compensation packages, I can agree with - folks in suits wo do nothing all day, I can't. It only shows how little you really understand about the various aspects of a business organization.

yeah, it's a scam

Show me where I bashed unions. I simply said the situation with the Big

3 is one that is a huge dilemma for those who hate corporate America but love the unions. Tell me what's wrong with that statement.

I'll show some respect when it's earned - not because you tell me I have to.

A lot of corporations have some deadwood at the top. It is apparently unpopular to dismiss people at this level for a number of reasons.

I have seen suited thieves who were not fired, but were transferred sideways to another "opportunity".

I have seen the same pinstriped sapsuckers destroy the profitability and morale of a company due to their incompetence (and still be protected by their huddle of coworkers).

I have seen them organize and implement acquisitions which are clearly losers from the onset, because their MBO bonus plan gives them 20% for completing acquisitions.

The Peter principle is alive and well.

The Senate hearing? Senators - hypocrites Big 3 Execs - hypocrites Self-righteous consumers - hypocrites News media - you know that by now All helped create the problems we're having now, or, ignored the symptoms. Business as usual attitude got us here. The thing different here is the Big

3 Execs just don't get it. The retribution factor, from the consumer, due the Big 3 slowness to change with the times just complicates matters. The senate hearing as a result is a reflection of what those senators are hearing from their constituents.

Oddly, more than half of the U.S. polled did not want to bailout banks. Yet, here we are doing just that. Paulsen used fear tactics to get that to pass. In the interim, we saw Paulsen change his mind a few times how to attack the problem. Meanwhile, people were still losing their homes to foreclosure. Corporate big whigs were partying up and still getting their big multi-million bonues. Unemployment increased. The Big 3 Execs tried fear tactics, and failed miserably. I don't see why there is a reason for confusion or reason to question of why the senate hearing demanded a detailed business plan. Some people tend to learn after being bashed in the head a number of times. Even Senators...

We have more of a politburo rather than a responsive and responsable representative democracy. They seem to play their little games, enrich themselves, and feed off the lobbyists.

An extreme attitude adjustment is indicated.

There is a credit freeze in that the banks will not lend the car dealers money, which is how they finance their showroom and car lot vehicles.

One case, your daughter's, does not disprove anything.

There does not seem to be any problem getting loans in this part of Texas, if you have a good credit history, stable employment, etc.

The midwestern states have not been hit nearly as hard on the mortgage loan forfeitures as the west coast and east coast...the heavily populated, high real estate market areas.

I am sure the floor plan loans are difficult.

Is your daughter a car dealer? Try reading the post.

Maybe you should phone the president and let him know. You would have saved the country $800 Billion in additional money that they are going to use to unfreeze the credit market. Tell the president there isn't a problem because your daughter just got a loan.

If you would read the post, you would realize I posted nothing about my daughter.

The two posts are intermingled. Get your head out of your ass.

The credit market here in the midwest is not as bad as in other areas.. That is a fact, at this point.