News you CAN use!
There is one avenue not followed that could save the auto industry, and that is for the unions to loan them the money. They must be able to because they have the money to spend millions upon millions during every election to get Democrats elected. Of course they feel the Democrats owe them and figure that whatever the American people want or don’t want really is of little consequence. Chapter 11 is the only true course for getting the auto companies on a good footing. This would give them time to reorganize in a meaningful manner – getting concessions from the unions, concessions from vendors supplying parts needed, closing of unneeded plants, concessions from insurance underwriters, etc.
As far as salaries and bonuses are concerned, it’s not only the CEOs, but salaries of the Board of Directors that are exorbitant. I wonder if there is anyone but me who thinks Boards of Directors for all corporations are just a form of payola, graft, and political payoffs. I wonder how much Hillary got for sitting on the Board of Directors for Wal-Mart. I watched the hearings on the $700 billion bailout. Barney Frank and Maxine Waters were putting on thick that the manager handling the $700 billion bailout was really bad allowing foreclosures on homes to happen when they, themselves, kept Bush from putting controls on Fannie and Freddie, who are at fault for starting this financial meltdown and for all the foreclosures. Yet, they seem to get away with it. That’s why, during the election, the voters thought that Congress was in the hands of the Republicans and held them responsible when it was really the Democrats in control. Would you think that shows how stupid the Republican campaign managers were? The way that the Democrats are able to use propaganda to enhance their reputation and put down the Republicans is impressive.
There is no doubt that the Republicans have a very poor PR record.
Now a subject that’s dear to my heart… the disintegration of a part of the Democratic party. What I have reference to is the Chicago Tribune and LA Times going bankrupt – not good for the Democratic party. Also, the New York Times has to mortgage its headquarters – not good for the Democratic party. Another item… NewsWeek magazine due for more cuts and downsizing – not good for the Democratic party. They are owned by the Washington Post company, which also owns Slate magazine on the internet. The left-leaning news organizations losing circulation and readership warms my heart. I wonder if it will ever cross their minds that many Conservatives know how to read and are sick and tired of news media putting them down, supports the liberal line, and endorses, pushes, and spews the Democratic line of garbage.
You would think that years ago they would have figured out that people seeing their biases and noting their insults would not continue to purchase their products. I guess they saw how Jack Murtha called his constituents “racists and rednecks” and they still voted him in. Unfortunately, Republicans will stand for this just so long and then rebel. I know they think that the people in fly-over country are stupid, but we do read and think, and having free will we can choose what we buy and read.
I have noted with pleasure that there is less of a possibility that the auto bailout will happen. Let’s face it, the $14 billion will end up only enriching the UAW coffers. I figure it will take about 6 months before the union’s treasury will swallow up this first installment. After that, they will be back for more. If they don’t get it, I know it will break the Democrats’ hearts because this will take away many millions from them to help defeat Republican opponents. This is one of the few things that bother me about President Bush’s actions – pushing this bailout as well as the original financial bailout. Another thing is his failure to pardon the two border agents who were improperly tried by US Attorney, Johnny Sutton, and convicted on the word of a known drug dealer. That bothers me a lot.
Another incident of this nature was allowing Patrick Fitzgerald to prosecute Scooter Libby for outing Valerie Plame when it was known that another person in the administration had inadvertently leaked it and already had admitted it. However, Patrick Fitzgerald kept this quiet and worked hard to convict Scooter Libby for perjury for which he paid dearly. President Clinton committed perjury, paid no price as have many others. Bush has the power to right these wrongs of Scooter Libby and the two border agents, and if he doesn’t… SHAME ON HIM.
Corruption in Chicago is nothing new. However, it is not consigned only to Chicago. It rears its ugly head in most large and small cities, within all parties, in towns and municipalities, and will continue until the voters identify who these people are, use their right to vote in secret ballot, and not vote these crooked people in and use that same vote to vote out any that have allowed themselves to become tarred with this slime, the slime sending government funds to organizations such as ACORN to allow voter fraud and take our right away to have votes cast, being counted against another honest vote, not a fraudulent one, two, or three.
Another thing that is becoming preposterous is the fraudulent way the Congress and Senate are crying wolf over and over about the disaster coming if we don’t bail out the auto companies. A bailout would be the worst thing we could do. It would weaken them more. The best thing would be to allow them to take Chapter 11 bankruptcy and come out stronger than ever. The Democrats, so vocal about bailout out the car companies, are really concerned that the union coffers would not be available to get them re-elected. I saw one of them, Senator Barbara Boxer, saying she wanted this because of jobs, jobs, and jobs. What she really meant was unions, unions, and unions.
What I can visualize is union workers and politicians sitting around a huge table, feeding off tax payers with apples in their mouths.
© 2008, Kermit Buchanon. All rights reserved.
