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> Senate and UAW just gave up a few minutes ago ..., tomorrow is gonna hurt ...
sgarnett
post Dec 12 2008, 03:48 AM
Post #1


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The Senate, UAW, et al, just gave up (ie failed) on reaching a compromise a few minutes ago.

I don't know how GM will come out after bankruptcy (they just hired the bankruptcy lawyer), but the stock market futures are looking ugly tonight. It actually held up well through some dismal recent employment numbers, but I suspect tomorrow is gonna be ugly. Rebuilding my retirement is going to mean austerity and no new cars for a very long time, and I suspect that will be true for many others. That can't be good for any automaker.

I'll admit I wasn't convinced that bridge loans to March could solve the problems for GM, so I don't claim to know what the right answer was. Nevertheless, this is going to be a big kick in the teeth for the economy.

This post has been edited by sgarnett: Dec 12 2008, 04:07 AM
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Posts in this topic
sgarnett   Senate and UAW just gave up a few minutes ago ...   Dec 12 2008, 03:48 AM
mitchntx   ouch ... goodbye recession ... hello depression....   Dec 12 2008, 03:50 AM
rmackintosh   QUOTE (mitchntx @ Dec 11 2008, 10:50 PM) ...   Dec 12 2008, 08:19 PM
T.O.Dillinder   Did you hear that?.......... That is the economy g...   Dec 12 2008, 04:05 AM
sgarnett   It just amazes me that "they" just don...   Dec 12 2008, 04:19 AM
TSHACK   QUOTE (sgarnett @ Dec 11 2008, 08:19 PM) ...   Dec 12 2008, 08:45 AM
sgarnett   OK, now the treasury is going to backstop backstop...   Dec 12 2008, 04:18 PM
StanIROCZ   If your going to take the time to gripe about this...   Dec 12 2008, 05:44 PM
BigEnos   QUOTE (StanIROCZ @ Dec 12 2008, 12:44 PM)...   Dec 12 2008, 07:23 PM
FBody383   QUOTE (StanIROCZ @ Dec 12 2008, 11:44 AM)...   Dec 12 2008, 09:10 PM
cccbock   QUOTE (FBody383 @ Dec 12 2008, 04:10 PM) ...   Dec 12 2008, 11:20 PM
C3SS   I agree it is important but would still like to se...   Dec 12 2008, 06:47 PM
trackbird   QUOTE (C3SS @ Dec 12 2008, 01:47 PM) I ag...   Dec 12 2008, 07:26 PM
C3SS   QUOTE (trackbird @ Dec 12 2008, 01:26 PM)...   Dec 12 2008, 07:55 PM
trackbird   QUOTE (C3SS @ Dec 12 2008, 02:55 PM) QUOT...   Dec 12 2008, 08:40 PM
pknowles   I'm surprised the GM investors aren't fed ...   Dec 12 2008, 09:13 PM
nape   QUOTE (pknowles @ Dec 12 2008, 03:13 PM) ...   Dec 13 2008, 03:55 AM
pknowles   QUOTE (nape @ Dec 12 2008, 10:55 PM) QUOT...   Dec 14 2008, 03:21 AM
ESPCamaro   A labor union would have saved my job. I had the 3...   Dec 12 2008, 09:35 PM
T.O.Dillinder   My brother is making $ 17.50 per hour (...   Dec 13 2008, 04:03 AM
ESPCamaro   QUOTE (T.O.Dillinder @ Dec 12 2008, 11:03...   Dec 13 2008, 04:48 AM
T.O.Dillinder   QUOTE (ESPCamaro @ Dec 12 2008, 10:48 PM)...   Dec 13 2008, 06:18 AM
PeteL   QUOTE (T.O.Dillinder @ Dec 13 2008, 01:18...   Dec 13 2008, 05:37 PM
StanIROCZ   QUOTE (PeteL @ Dec 13 2008, 12:37 PM) QUO...   Dec 14 2008, 01:12 PM
BigEnos   QUOTE (StanIROCZ @ Dec 14 2008, 08:12 AM)...   Dec 14 2008, 02:53 PM
PeteL   QUOTE (StanIROCZ @ Dec 14 2008, 08:12 AM)...   Dec 14 2008, 11:15 PM
mitchntx   QUOTE (trackbird @ Dec 12 2008, 01:26 PM)...   Dec 15 2008, 12:12 AM
pknowles   QUOTE (mitchntx @ Dec 14 2008, 07:12 PM) ...   Dec 15 2008, 01:37 PM
NJSPEEDER   This is part of the problem with electing people w...   Dec 13 2008, 11:23 PM
Rob Hood   Here's a (lengthy) article on GM and their ban...   Dec 14 2008, 02:51 AM
jeffburch   I would like to see a tariff similar to what was o...   Dec 15 2008, 03:03 AM
mitchntx   QUOTE (jeffburch @ Dec 14 2008, 09:03 PM)...   Dec 15 2008, 01:51 PM
jeffburch   Re: Texas Toyotas, Yeah, but they're assembled...   Dec 15 2008, 04:13 PM
mitchntx   Interesting reading ... QUOTE Heavy Load For Toyo...   Dec 15 2008, 07:17 PM
BigEnos   QUOTE (mitchntx @ Dec 15 2008, 02:17 PM) ...   Dec 15 2008, 09:11 PM
mitchntx   QUOTE (BigEnos @ Dec 15 2008, 03:11 PM) Y...   Dec 15 2008, 09:40 PM
BigEnos   QUOTE (mitchntx @ Dec 15 2008, 04:40 PM) ...   Dec 16 2008, 02:28 AM
mitchntx   QUOTE (BigEnos @ Dec 15 2008, 08:28 PM) W...   Dec 16 2008, 02:30 AM
cccbock   QUOTE (mitchntx @ Dec 15 2008, 09:30 PM) ...   Dec 16 2008, 12:33 PM
mitchntx   QUOTE (cccbock @ Dec 16 2008, 06:33 AM) W...   Dec 16 2008, 12:53 PM
pknowles   QUOTE (BigEnos @ Dec 15 2008, 09:28 PM) W...   Dec 16 2008, 12:28 PM
FBody383   QUOTE (BigEnos)You forgot the part about ambition,...   Dec 15 2008, 10:52 PM
00 Trans Ram   Hahaha - I get the same reaction. Pull up in the 1...   Dec 16 2008, 06:43 PM
trackbird   QUOTE (00 Trans Ram @ Dec 16 2008, 01:43 ...   Dec 16 2008, 08:34 PM
StanIROCZ   QUOTE (00 Trans Ram @ Dec 16 2008, 01:43 ...   Dec 16 2008, 09:37 PM
TSHACK   QUOTE (StanIROCZ @ Dec 16 2008, 01:37 PM)...   Dec 16 2008, 11:23 PM
BigEnos   QUOTE (TSHACK @ Dec 16 2008, 06:23 PM) QU...   Dec 17 2008, 03:22 AM
TSHACK   QUOTE (BigEnos @ Dec 16 2008, 07:22 PM) Q...   Dec 17 2008, 07:08 AM
BigEnos   QUOTE (TSHACK @ Dec 17 2008, 02:08 AM) QU...   Dec 17 2008, 12:55 PM
T.O.Dillinder   Why would the average employee want a pension, whi...   Dec 17 2008, 02:27 AM
pknowles   QUOTE (T.O.Dillinder @ Dec 16 2008, 09:27...   Dec 17 2008, 02:11 PM
mitchntx   The drop in my 401K has several zeros and a comma....   Dec 17 2008, 01:23 PM
mitchntx   Let me add ... I've seen several on other boa...   Dec 17 2008, 02:55 PM
00 Trans Ram   FYI, my 401k has gone up over the past few months....   Dec 17 2008, 04:00 PM
trackbird   QUOTE (00 Trans Ram @ Dec 17 2008, 11:00 ...   Dec 17 2008, 04:36 PM
C3SS   QUOTE (trackbird @ Dec 17 2008, 10:36 AM)...   Dec 17 2008, 04:51 PM
StanIROCZ   QUOTE (C3SS @ Dec 17 2008, 11:51 AM) QUOT...   Dec 17 2008, 05:53 PM
trackbird   From my local news: http://www.10tv.com/live/cont...   Dec 17 2008, 07:40 PM
00 Trans Ram   Looks like everyone is getting hit. I hear that th...   Dec 18 2008, 02:14 AM
94bird   Considering I work at GM doing engine calibration ...   Dec 18 2008, 07:06 AM
mitchntx   QUOTE (94bird @ Dec 18 2008, 01:06 AM) I ...   Dec 18 2008, 01:14 PM
94bird   Mitch, I was referring to this: QUOTE Besides, wh...   Dec 18 2008, 02:48 PM
mitchntx   OIC ... I can see both sides ... ALL cars are now ...   Dec 18 2008, 02:57 PM
00 Trans Ram   94bird - You're right, it sounds like I was sa...   Dec 18 2008, 04:18 PM
trackbird   CASHOLA!!!!! http://www.cnn.c...   Dec 19 2008, 02:24 PM
00 Trans Ram   interesing.I don't know - but is it realistic ...   Dec 19 2008, 06:02 PM
trackbird   QUOTE (00 Trans Ram @ Dec 19 2008, 01:02 ...   Dec 19 2008, 06:30 PM
CrashTestDummy   QUOTE (trackbird @ Dec 19 2008, 12:30 PM)...   Dec 19 2008, 06:56 PM
marka   Howdy, QUOTE (trackbird @ Dec 19 2008, 01...   Dec 21 2008, 05:43 AM
marka   Howdy, Having said that... I'd rather have se...   Dec 21 2008, 05:53 AM
94bird   QUOTE (marka @ Dec 21 2008, 12:53 AM) But...   Dec 21 2008, 06:10 AM
marka   Howdy, QUOTE (94bird @ Dec 21 2008, 01:1...   Dec 21 2008, 06:04 PM
94bird   QUOTE (marka @ Dec 21 2008, 01:04 PM) How...   Dec 23 2008, 05:58 PM
trackbird   QUOTE (marka @ Dec 21 2008, 01:04 PM) How...   Dec 28 2008, 05:39 PM
94bird   I think the simple answer is many things have cons...   Dec 21 2008, 05:56 AM
00 Trans Ram   Bring a little levity to the situation: TH...   Dec 22 2008, 04:58 PM
T.O.Dillinder   QUOTE (00 Trans Ram @ Dec 22 2008, 10:58 ...   Dec 26 2008, 04:48 AM
94bird   Todd, I realize this can become a very emotional ...   Dec 26 2008, 05:20 AM
marka   Howdy, QUOTE (T.O.Dillinder @ Dec 25 2008, 1...   Dec 26 2008, 05:50 PM
marka   Howdy, QUOTE (T.O.Dillinder @ Dec 25 2008, 1...   Dec 27 2008, 04:38 PM
robz71lm7   QUOTE (marka @ Dec 27 2008, 11:38 AM) How...   Dec 28 2008, 09:23 PM
94bird   QUOTE (robz71lm7 @ Dec 28 2008, 04:23 PM)...   Dec 29 2008, 09:41 AM
StanIROCZ   QUOTE (94bird @ Dec 29 2008, 04:41 AM) Th...   Dec 29 2008, 03:35 PM
killer_bluebird   I'm surprise no one has said anything about th...   Dec 23 2008, 08:27 AM
pknowles   QUOTE (killer_bluebird @ Dec 23 2008, 03...   Dec 23 2008, 12:14 PM
BigEnos   QUOTE (killer_bluebird @ Dec 23 2008, 03...   Dec 23 2008, 01:09 PM
94bird   Regarding GM cutting brands, they've already s...   Dec 23 2008, 05:50 PM
00 Trans Ram   A little info on the Buick, GMC, Pontiac dealershi...   Dec 23 2008, 08:06 PM
marka   Howdy, Also... How does an overabundance of deale...   Dec 26 2008, 05:53 PM
94bird   QUOTE (marka @ Dec 26 2008, 12:53 PM) How...   Dec 27 2008, 04:23 AM
marka   Howdy, QUOTE (94bird @ Dec 26 2008, 11:2...   Dec 27 2008, 04:41 PM
BigEnos   QUOTE (marka @ Dec 27 2008, 11:41 AM) How...   Dec 28 2008, 12:01 AM
marka   Howdy, QUOTE (BigEnos @ Dec 27 2008, 07...   Dec 28 2008, 01:39 AM
robz71lm7   http://findarticles.com/p/articles/mi_qn41...s_/ai...   Dec 28 2008, 04:00 PM
marka   Howdy, Both of those articles blur the line betwe...   Dec 28 2008, 05:17 PM
marka   Howdy, I'd need to see the exact poll (and wh...   Dec 28 2008, 08:12 PM
robz71lm7   It's a CNN poll paid for by CNN: "The CN...   Dec 28 2008, 09:16 PM
00 Trans Ram   I'm rapidly getting out of my element here, gi...   Dec 29 2008, 06:08 PM
StanIROCZ   QUOTE (00 Trans Ram @ Dec 29 2008, 01:08 ...   Dec 29 2008, 08:52 PM
rpoz-29   By federal law, hours over forty in a work week ar...   Dec 29 2008, 09:38 PM
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