The problem is a mirror image to the bank bailout when the financial institutions got bailout money from the Treasury with no strings attached and used the money to pay the unearned bonuses to the idiots who bankrupted the financial institution. Bush did nothing to stop this.
Obama will not allow the same thing to happen with the Auto Bailout. He will not allow the On Apr 30, 5:01 pm, dick thompson <[email protected]> wrote: > Love the one about does the US even need an auto industry - can't you > just see the UAW on that subject!! > > > > [ Attached Message ]From:NYTimes.com > <[email protected]>To:[email protected]:Thu, 30 Apr 2009 > 16:39:14 -0400Local:Thurs, Apr 30 2009 4:39 pmSubject:Afternoon Update: > 'Surgical' Bankruptcy Is Set for ChryslerTo view the latest headlines on your > mobile device, go tohttp://m.nytimes.com/If you have trouble reading this > e-mail, go tohttp://www.nytimes.com/afternoonupdate Thursday, April 30, 2009 > Compiled 4 PM E.T. TOP STORIESAdvertisement‘Surgical’ Bankruptcy Is Set for > Chrysler > By MICHELINE MAYNARD > The U.S. will provide financing during the bankruptcy proceeding, which > President Obama said would be “quick, official and controlled.”A Primer on a > Chrysler Bankruptcy > By MICHELINE MAYNARD > How the first bankruptcy for a major automaker since Studebaker in 1933 is > likely to play out.ROOM FOR DEBATEDoes the U.S. Need an Auto Industry? > By THE EDITORS > Many industries have moved to other countries. Robert Reich and others on > whether the car industry is different.Fort Worth Closes Its Schools as Swine > Flu Spreads in U.S. > By LIZ ROBBINS > As the number of confirmed cases in the U.S. rose to 109, Fort Worth became > the nation’s first major city school district to close.No Racial Gap Seen in > ’08 Vote Turnout > By SAM ROBERTS > The historic gap between blacks and whites in voter participation evaporated > in last year’s presidential race, according to an analysis released > today.•NYTimes.com HomepageBack to TopBUSINESSOPINIONSlide Show: Chrysler > A visual history, from the 1924 Chrysler Six to the 1968 Plymouth Road Runner > to the bankruptcy announcement today.A Turning Point for Voting Rights > Has race discrimination in voting changed so sufficiently that we no longer > need a central piece of the Voting Rights Act?BUSINESSABC Will Add Its Shows > to the Video Site Hulu > By BRIAN STELTER > ABC announced it would join NBC and the News Corporation as a partner in the > joint venture with Hulu, the popular video Web site.Stocks Give Up Early Gains > By JACK HEALY > Wall Street slouched toward neutral territory as investors weighed how > Chrysler’s bankruptcy filing would ripple through the financial > system.Consumer Spending Slipped in March > By JACK HEALY > The consumer spending and income growth data indicate that the economy is > still struggling to emerge from the recession.Lower Oil Prices Trim Exxon’s > Profit > By JAD MOUAWAD > Exxon’s first-quarter net income fell 58 percent to $4.55 billion as oil > prices plummeted and the company increased spending as it tries to expand > production.Senate Rejects Judicial Power to Lower Home Payments > By REUTERS > The Senate rejected an amendment that would have granted bankruptcy judges > the power ease a homeowners’s monthly payments and save them from > foreclosure.•More Business NewsBack to Top About This E-Mail > You received these headlines because you are subscribed to Afternoon Update > from NYTimes.com. As a member of the BBBOnline Privacy Program and the TRUSTe > privacy program, we are committed to protecting your privacy.Manage My > Subscriptions | Unsubscribe | Change Your E-Mail | PrivacyPolicy | How to > Advertise > Please include the following ID number when writing [email protected] > that we can track any reports of problems: 56196617Copyright 2009|The New > York Times Company|Privacy Policy|NYTimes.com 620 Eighth Avenue New York, NY > 10018 --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
