I dont know why that eveyrone assumes that I love Obama.
I am now a democrat, and I did vote for the man, but there are a lot of things I dont like about the guy.
I dont make assumptions, it is the truth. Did Nissian get millions of dollars in tax breaks by American goverments to allow them to produce vehicles here?
And you can ASSume that because the Republicans did not like the UAW, that they would sacrafice all of GM to bring them down?
Im looking at the biggest picture possible, America. As long as it wasnt thier state losing jobs, they didnt care. The senators and congressman that had GM plants in thier respective states stood up for GM, be it republican or democrat.
I never liked the UAW, and they were greedy. Their balls were inches away form the bandsaw, and they didnt flinch once. And these so called representives of the American people would have NO problem putting another few million people on the streets.
What happend was the best possible outcome for GM, and for America IMO. The companies were kept alive and people were allowed to keep thier jobs.
I did not agree with the blank-check writing that the past president did for the banks. But, these banks are back on thier feet now...at least some of them.
GM did not "fail", they were spending millions of dollars to reorganize themselves when the economy took a nose dive. Just a year before, GM was tauted as being quick and responsive with massive UAW consesions and huge strides to improve thier product mix. Cars like the Malibu and CTS were getting awards left and right, and in a few months, the return of the Pony Car, the Camaro, was coming.
Ford, at teh time, was called out on its risky move to mortgage thier entire company to hopefully have money to bring out some decent product. They hired an outsider with zero experience in the automotive field to be the CEO, and it looked like Ford would be in shambles soon enough.
But then the economy took a crap, GM could no longer secure lines of credit due to the banks dying every day and a massive credit crunch, and therefor could no longer fund its opperations.
Ford, on the other hand, had secured a line of credit and thats what they are currently living off. Thanks to Chrysler and GM's Chap 11 adventure, the UAW was pretty brused and batterd when Ford stepped up to the plate to negotiate massive changes for consessions.
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2/20/2013: They Day the ****s Stopped
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