Mother Jones - Comments for "No Bailout"

It may not be man-rated now,

It may not be man-rated now, but given time guiding packages, perhaps it will be.

Ideology uber alles

"Must take every opportunity to destroy unions" isn't much of an ideology.

Luther: Free trade means US wages have to be brought down to competitive levels if we are to survive, about $0.09 / hour.

Patent nonsense - skilled Chinese workers make at least twice that much.

I have just got through writing the Chairman of the Republican National Party=They won't be getting a Bailout either. Current Michigan Headlines say that it will take a generation before any Republican will get any votes from this State!

Free trade means US wages have to be brought down to competitive levels if we are to survive, about $0.09 / hour. We're living in such a fantasy world of past glories, maybe Michael Jackson would be best for president and the US renamed the Neverland country.

So, now the Republicans are against the sanctity of contracts? I thought we couldn't help homeowners with mortgage relief because of the sanctity of contracts. I guess when those contracts benefit working Americans, then that sanctity is more suggestion.

But if the wage cuts, along with the debt-for-equity swap that was also part of the bill, were enough to bring you around, why would you cavil at the cuts happening in 2011 instead of the end of 2009?
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Perhaps because the car companies could burn through all of the bailout money before any wage cuts became effective, meaning that all the bailout money would do is delay entry and exit from Chapter 11 bankruptcy.

Very well played by Corker - managed to insert a dealbreaker in at the end that turned Republican obstructionism ("how can the Republicans let the millions of jobs just vanish?") into all the fault of the big bad irresponsible UAW ("Everybody had a deal except for three little words that the Union wouldn't agree to" he said, sorrowfully on CNBC this morning).

Which side with the corporate media emphasize more - I've seen a lot of Shelby, Corker, Ensign, etc. giving Republican soundbites on TV this past week - can't say I've seen (or expect to see) any UAW-types getting the same opportunity to tell their side.

thersites,

Yeah, we need a No Bailout Left Behind federal program for our failing bailouts. Our country is falling behind the world in bailout successes.

Or, wait, does that already come under the No Child Left a Dime program?

If the government is setting wages then I propose the government also set the pay of the executives. I think in general Japanese companies have a much smaller spread between the line workers and the execs, am I right.

Maybe congress should tell the big three executives that they also much match the pay of their Toyota and Honda counterparts.

Yeah, like that will fly. Not.

This is the same old same old double standard. Billions for the executives, billions for the rich, cuts for the workers, cuts for the poor.

If anyone has any doubts left about who has the real power in America I think they are a fool.

This is Terry Schiavo for the corporate side of the GOP. Religion and corporations, strange bedfellows indeed.

This brings us to the issue of pay equity. We need pay cuts for all high income white collar workers.

Ditto Catfish's comments. It's not just ideology--also a twisted hostility to unions which, while partly ideological, is also rooted in a deeply cynical partisan calculus: Unions support Dems, so kill unions. Needless to say, the bigger picture--the effects of all this on the economy, our country & the planet--is obscured entirely by the mindset involved here.

Still, when the papers report on it, I hope they clearly state "Senate Republicans Block Bailout Bill", rather than "Senate Rejects Bailout".

Yeah, that's gonna happen.
Actually, I just looked at Google News and the Detroit bailout "failed." Bad bailout.

As a southerner, there is one striking feature about this situation. The Republican Party is now the hostage of Redneck Republicans.

Redneck Republicans are willing to wreck the entire economy because they believe that is an acceptable price to pay for killing unions. Redneck Republicans perceive collective bargaining to be as inherently evil as they believe homosexuality and racial mixing to be. So, Redneck Republicans just might destroy the Union once again in their single-minded pursuit of hatred.

This what has come of the Republican Party and the conservative movement.

Will the Senate Republicans be angry with Jeb when they discover they were duped into playing the bad guys, allowing the Bush name to ride to the rescue on a new white horse?