Smart Liberal and Female


Big Three Auto Wankers

So I came across this comment today and I wanted to respond.  I had originally planned on just commenting, but I’ve decided to make it post of its own.  The comment is in response to a prior post about the Big Three Auto CEOs (or wankers as they should be titled) and the Senate Republicans that killed the auto deal. 

 

To give good story and history…Here is my prior post…

Perhaps a more appropriate title should be:  “Two of the Big Three getting Minuscule Amount of Relief.   I’m still pretty torn about bailing out the Big Three.  I do think their CEOs should be fired.  So should much of their top managers for that matter.  They’ve done a crap job.  They do not deserve the outrageous amount of pay they get nor their bonuses.  However, I do not think putting 3 million more people into the unemployment line sounds like a good idea.

I also find the political posturing that is taking place right now to be a lot more than a little sickening!  Seriously.  Other than DeMint (SC-R), which one of the 5 Republicans making waves about the $14 billion auto bail out said one word about the $700 billion Wall Street bailout?!  Did any of them cry out when AIG continued to party on the tax payers dollars…uhhhh…NO!  No they did not.  Bastards.  And does anyone else find it curious the Alabama senators are so adamant about calling off the bailout???  Isn’t it Alabama that has a HUGE Toyota plant?  Just asking!

I also wonder why no one questions blue collar job loss, but a junk bond salesman loses his job and man oh man it’s a big deal. 

Just one of my many angry rants of today.

Now following is the comment.  I would like to thank crowded hours for posting.  I don’t agree with his/her post.  I think they missed the fundamental point of my post.  However, it does give me the opportunity to crawl back up on my soap box and try to make my point once again.  For that I truly do thank him/her!

Hi Smart, Liberal and Female! Haven’t been to your site in a while so thought I’d see what was on your mind!

Always blaming the Republicans and the CEOs? I find it curious Dems and the media rarely bring up the unions…

No secret that the UAW is holding their employers financial hostage (and by default, the country).

And it’s no shock that unions are going to lambaste the Republicans and favor the Democrat party. The Democrats enable the unions to financially hold the auto industry hostage while the Republicans feel that enough is enough with these unions. The auto industry isn’t failing because of bad leadership. It’s failing because it can’t make a profit while paying all these union full-pensions and ridiculous benefits. I applaud the Republican minority for standing up for what’s right.

Why is it that the Republicans are being demonized as the ones torpedoing this bailout? How about exploring the root cause, which is the UAW that won’t budge an inch. If the auto industry fails, it won’t be the Republican Party’s fault. It will be the unions.

On the other side of the aisle, the Democrats are nothing but paid accomplices. They’re not standing for principle. They’re standing to make a buck or a million. This year the UAW gave $1.9 million to Democrats but only $11,500 to Republicans. Why? Because they knew that the Democrats don’t have a conscience and would support the highest bidder in this battle.

Shameful.

And finally here is my response….

I wouldn’t go as far as saying I always blame the Republicans and CEOs, but when the shoe fits….

Why do I blame CEOs?  Well they are steering the ship so to speak.  When I was in the Navy if a ship ran aground who was responsible?  The Commanding Officer, that’s who!  Why, because ultimately he is responsible for the direction of the ship…much like a CEO.  If the CEO isn’t responsible for the company, its direction, and well being, why on earth are they making so damn much money?  Are they only responsible when things go right???

It really is the HYPOCRACY of it that makes me so angry.  Did we demand employees of Wall Street take pay cuts?  NO.  Did we ask them to make concessions regarding their retirements?  NO!   Did we suggest they should let go of some of their health benefits?  NO.

AIG threw damn parties on our dollar and we gave them more money.  I don’t remember Senate Republicans showing outrage over that.  I don’t remember Bob Corker demanding they tell us when they’d take pay cuts, do you?  I didn’t think so. 

I’m not blaming all Senate Republicans.  I’m blaming a few. In fact I singled out five, which even though your numbers are dwindling I think you will agree is not ALL Senate Republicans.  I even went on to say DeMint has a valid point…remember he didn’t like the Wall Street bailout either.  I’m on my high horse about hypocrites.  I’m on my high horse about the fact that blue collar workers and the unions have to bend over and take it in the ass, yet again (they already made concessions in 2007), while investment bankers, junk bond salesmen, insurance salesmen, and gamblers get a totally free pass.

 As for the union… I know it’s shameful that they are fighting for living wage jobs and decent health care.  Damn them. 

To me that is what is fundamentally wrong with this country.  We value too many of the wrong things. 



Big Three and the US Senate

Perhaps a more appropriate title should be:  “Two of the Big Three getting  Minuscule Amount of Relief. 

I’m still pretty torn about bailing out the Big Three.  I do think their CEOs should be fired.  So should much of their top managers for that matter.  They’ve done a crap job.  They do not deserve the outrageous amount of pay they get nor their bonuses.  However, I do not think putting 3 million more people into the unemployment line sounds like a good idea. 

I also find the political posturing that is taking place right now to be a lot more than a little sickening!  Seriously.  Other than DeMint (SC-R), which one of the 5 Republicans making waves about the $14 billion auto bail out said one word about the $700 billion Wall Street bailout?!  Did any of them cry out when AIG continued to party on the tax payers dollars…uhhhh…NO!  No they did not.  Bastards.  And does anyone else find it curious the Alabama senators are so adamant about calling off the bailout???  Isn’t it Alabama that has a HUGE Toyota plant?  Just asking!

I also wonder why no one questions blue collar job loss, but a junk bond salesman loses his job and man oh man it’s a big deal. 

Just one of my many angry rants of today.

http://money.cnn.com/2008/12/10/news/companies/auto_bailout_legislation/index.htm



Sink or Swim for the Big Three?
December 4, 2008, 7:08 pm
Filed under: bailout, politics, Uncategorized | Tags: , , , , ,

The Big Three Auto CEOs are back in DC.  This time they drove hybrid cars, offered salary cuts, and had some type of plan.  Now, I’m in now way saying what they’ve got is a good plan, but for the moment they appear more desperate than arrogant.

According to a poll by CNN, 61% of Americans oppose a bailout.  I hear ya.  I feel ya.  And on many levels I agree with ya but….lets be real here for a minute.  How many jobs will be lost by those employed by the Big Three?  And how many jobs lost by companies that will go under if the Big Three go under?

I also wonder if this is a more emotion decision for many of us rather than an educated decision.  We keep watching Big Business CEOs rake in big bucks, crap all over workers, and then hold out their hand for our tax money.  I’m not just talking the Automobile Industry…how many investment/banking institutions have come to the government hat in hand?

I’m leaning towards a bailout here I’ll admit, but not without some serious oversight and concessions! 

http://money.cnn.com/2008/12/04/news/companies/senate_hearing/index.htm



Big Three in the Poor House
December 2, 2008, 7:26 pm
Filed under: bailout, politics, Uncategorized | Tags: , , , , ,

I read earlier that the Big Three Auto CEOs had finally made some concessions regarding pay.  Now to be fair, the CEO of Chrysler offered to do this last week, however the CEOs of Ford and GM have decided they too could use a pay cut.  Ford CEO Alan Mulally made nearly $25 million last year…of which nearly $22 million was in bonuses.  Now I’m not sure how you make anything in bonuses when your companies sales are in the shitter, but that’s just me!

Chrysler is asking for $7 billion, Ford $9 billion, and GM a whopping $12 billion.  Apparently all three are offering to sell some of their jets.  Ha. 

I say fire your damn CEOs and some other top level managers, get a plan together, and then we’ll talk. 

http://money.cnn.com/2008/12/02/news/companies/automakers_plans/index.htm?postversion=2008120217



Three Words for the Big Three Auto Execs:
November 24, 2008, 5:48 pm
Filed under: bailout, politics, Uncategorized | Tags: , , , , , ,

YOU SERIOUSLY SUCK!

In my mind the workers and the unions have already conceded enough.  Enough is enough.  It is time for the upper echelon in Detroit’s auto industry to take a look in the mirror.  Do they really need to make upwards of $20 million a year?  Uh…NO!  Certainly not while they are asking for my damn dime they don’t!

Now do I think we need to bail out GM, Ford, and Chrysler.  Yeah.  Do I think we do it for their CEOs?  NO.  Do we even need those CEOs?  NO NO NO!!!  We do it for the workers.  We do it for hard working Americans like Mike Green’s family.  Many of Mike Green’s family members have been working for GM for a combined total of 300 years.  Ten members of his family work for GM currently.  That my friends is dedication!

I say bail out the Big Three.  Fire the top managers.  Lower the CEO and upper management pay.  Sell those damn jets.  And then keep some living wage jobs with health insurance.

http://www.cnn.com/2008/US/11/24/gm.uaw.family/index.html



Broke Ass Big Three…
November 19, 2008, 6:51 pm
Filed under: Uncategorized | Tags: , , , , ,

Fly private jets to ask Congress for a handout.

Apparently one spokesperson from the Big Three stressed security as the reason.  Did I miss something?  Do CEOs really need to fly private jets?  They also stressed other CEOs fly private jets.  I guess my question is, do other failing companies needing a cash infusion from the government fly private? 

GM spokesman whines that “Making a big to-do about this when issues vital to the jobs of millions of Americans are being discussed in Washington is diverting attention away from a critical debate that will determine the future health of the auto industry and the American economy.”  What I think he is missing is his own point….that jobs should be the focus and by continuing down the path of wasteful loses jobs. 

I say sell your jets and keep a worker or two.  I’m not opposed at this point to aiding GM, Chrysler, and Ford.  What I am opposed to is funding companies that can’t seem to accept changes will need to be made. 

http://www.cnn.com/2008/US/11/19/autos.ceo.jets/index.html




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