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View Full Version : Hannity, Limbaugh and the "Obama Recession"



Losthwy
11-14-2008, 02:47 PM
Hannity and Limbaugh are referring to the ongoing economic troubles as the "Obama Recession". They are to politics what the National Enquirer is to journalism.
http://mediamatters.org/items/200811120011

DHR
11-14-2008, 03:17 PM
With Respect I will say, this is not a fair comparison. The National Enquirer stands for absolutely NOTHING!!! Hannity and Limbaugh stand for alot. I see your point but, come on. We need Hannity to combat Colmbs. The National Enquirer is just a sad case for anything. Obama is going to be challenged with this economic situation. This could make or break his presidency. He made such a big deal on this in his debates and speeches to the masses. Lets see what he does. So far, i'm not a bit impressed with bailing out the autobroke industry. i would hate to pay for this one.

Neil

K G
11-14-2008, 03:56 PM
Regardless of what you say about the automotive industry, 3 million jobs (auto and auto-related) are at stake. You want this country in a depression? Let them go broke and see where the country goes. Unless you're sitting on several hundred thousand dollars in CASH, you DON'T want that to happen.

Let the government bail them out with strong, enforceable caveats attached. Make them rebuild on solid terms that help the country, not just the unions, their stockholders, or their fat-cat officers and directors.

The opportunity exists for a sea-change in the world of business. We should be praying for those that have to make the decisions that will affect us, our children, and our children's children........

Cooler heads MUST prevail regards,

kg

Buzz
11-14-2008, 04:14 PM
Regardless of what you say about the automotive industry, 3 million jobs (auto and auto-related) are at stake.

kg

I don't know if it is true or not. Not everything you hear on the TEE VEE is...

But on CNBC they said that 3 million get their paychecks from direct involvement in automobile manufacturing with the big 3. And 20 million make paychecks for indirect involvement.

Is that what they mean by, as GM goes, so goes the country?

I grew up and started my career in Detroit. One of my grandfathers worked for GM for 40 years. Another worked for Cadillac before they were part of GM. That was before he started a scrap yard where I worked as a kid stripping good parts off of junked cars for resale. He actually knew Henry Ford, he used to visit his scrap yard and walk around looking at the competition's cars, talking about good and bad design with Grandpa.

A few years ago my grandpa died just months before turning 100. He was really upset about what the unions had done to the companies. He was a big union proponent in his younger days, but he said that what we see today was NOT what they intended.

If any good comes from this, it will be that the UAW will be brought back down to earth with the rest of us. I support the idea of bailing out the big 3, but only if the government gets concessions from the union that would put them on par with those working for the foreign makers.

Gerry Clinchy
11-14-2008, 04:55 PM
Let the government bail them out with strong, enforceable caveats attached. Make them rebuild on solid terms that help the country, not just the unions, their stockholders, or their fat-cat officers and directors.

I guess I don't have a whole lot of faith in the government attaching "strings" to such a bailout. It would appear that the banking bailout is already failing in that regard, i.e. money going to some of the fat cats in terms of those "golden parachutes" for which the money was not supposed to be used. Since both presidential candidates voted in favor of the banking bailout, I think we should have a right to expect that both of them, in their respective government positions, should lean heavy on seeing the funds are used as intended.

M Remington
11-15-2008, 12:11 PM
It sounds like Rush may be sending his servants out to buy illegal drugs again!

Cody Covey
11-15-2008, 12:31 PM
nothing substantial so you just decide you should attack him? telling....

Hoosier
11-15-2008, 12:53 PM
It sounds like Rush may be sending his servants out to buy illegal drugs again!

Didn't Obama admit to cocaine use. Maybe you should photo shop in a nose bleed on your avatar.

Paul Johnson
11-15-2008, 08:17 PM
Regardless of what you say about the automotive industry, 3 million jobs (auto and auto-related) are at stake. You want this country in a depression? Let them go broke and see where the country goes. Unless you're sitting on several hundred thousand dollars in CASH, you DON'T want that to happen.

Let the government bail them out with strong, enforceable caveats attached. Make them rebuild on solid terms that help the country, not just the unions, their stockholders, or their fat-cat officers and directors.

The opportunity exists for a sea-change in the world of business. We should be praying for those that have to make the decisions that will affect us, our children, and our children's children........

Cooler heads MUST prevail regards,

kg

Cooler heads? The best thing that can happen for the "Big 3" is for them to declare bankruptcy. If I recall correctly, most major airlines have declared bankruptcy and they are still around. Oh! I forgot! Barack, Harry and Nancy definitely would not want to put the unions in a postion of having to renegociate their contracts. Forgive me! I also forgot about the federal government guaranteeing the union pension funds (Pension Benifit Guarantee Coorporation -- Employment Retirement Income Security Act). My gosh, I just keep forgetting things! Barack, Harry and Nancy would not want everyone to know that the CAFE standards adversly affect American cars.

Maybe we should all write to or representatives and tell them to keep make revolving loans of $15 billion or more to the "Big 3" until the Republicans again have the majority, then we can blame the whole mess on them. After all, it doesn't matter if the loans never get paid back as long as the Democrats can use it to regain power. Isn't this the way government is supposed to work? Just ask Barney and Chris.

Thomas Jefferson believed that all governments, including our own, will eventually become corrupt and it is the responsibility of the people to overthrow corrupt governments. Has our government reached this point?

M Remington
11-15-2008, 10:08 PM
Paul, while I agree with part of your previous post (I am a huge believer in the free market), remember that bankruptcy is the step before failure. Do you want to go out and buy a new car and not know if you'll be able to get parts and service? That's the problem with bankruptcy. Now, lenders are even shying away from making loans to people who buy GM cars (fearing they could be out of business soon and their collateral will be worth less than the loan amounts). So, while I agree that making the Big 3 become more efficient and competitive, I think we're stuck with bailing them out.

As for the CAFE standards, they should be far harsher. If they had been harsher, the Big 3 wouldn't be having these problems. The Big 3 have failed to realize that people want more fuel efficient cars. The Japanese realized that long ago and, while having difficulties, are far sounder than American auto manufacturers.

The memories of Americans are only as long as the discomfort we experience. Several years from now, we'll have subprime mortages again, the Big 3 will build cars/trucks that have ridiculously low gas mileage, and people will be resume speculation in anythign they can.

The American government is not corrupt, American people are corrupt (Ben Stein calls us a "nation of looters."). Our work ethic is gone, we don't save money, we try to make as much money as quickly and irresponsibly as possible, and we try to screw anyone we can to save a buck.

Paul Johnson
11-15-2008, 11:16 PM
As for the CAFE standards, they should be far harsher. If they had been harsher, the Big 3 wouldn't be having these problems. The Big 3 have failed to realize that people want more fuel efficient cars. The Japanese realized that long ago and, while having difficulties, are far sounder than American auto manufacturers.

The problem for CAFE standards is that it is the sales weighted mean fuel economy of the current model year of cars and light trucks manufacturered for sale in the U.S. The key point is the light trucks. The "Big 3" sell a disproportionate number of light trucks to the agriculture sector. In order to meet the CAFE standards, the cars manufacturered by the "Big 3" have to be very light and grossly under powered relative to the imports. The law was impleminted after the 1973 oil embargo to force manufacturers to make more fuel efficient vehicles. Since then, the standard has been increased to show the "environmentalists" that the Democratic party is the "green" party. The problem is the law of unintended consequences, the "green" party did not consider the problems it created for Ford, Chrysler and General Motors.


The American government is not corrupt, American people are corrupt...

The American government may not be corrupt, but eventually ALL of the elected officials WILL become corrupt. Currently, most of the corruption is legal, but make no mistake, these officials are in government for power and money. For example, a few years ago, we published a study in PNAS (Proceedings of the National Academy of Sciences) where we showed that we could determine, with a simple needle biopsy, whether prostate or breast cancer was malignant before there was any evidence of micro-metastasizes (the cancer has spread). In other words, a woman would be able to make a good decision as to whether she should have a radical mastectomy or a simple lumpectomy. Currently, a doctor will tell the woman what her options are but he or she will not make any recommendations because of the risk of medical malpractice. If the woman makes the wrong decision, she either will die or be grossly disfigured. We got worldwide acclaim. The next day we received a call from NIH telling us that "off the record" our grant would NOT be refunded because the NIH had been contacted by numerous members of congress stating that our procedure would interfere with drug company profits. In other words, the elected officials' campaign coffers and entertainment perks are more important then their constituents’ health. This IS corruption! These people were elected to represent you and me, not themselves and the drug companies.

This is just one on many cases that I am familiar with where our elected representatives have put themselves before their constituents. I'm sure that there are others on this bulletin board that could recount equally disturbing cases.

subroc
11-16-2008, 05:53 AM
...The American government is not corrupt, American people are corrupt (Ben Stein calls us a "nation of looters."). Our work ethic is gone, we don't save money, we try to make as much money as quickly and irresponsibly as possible, and we try to screw anyone we can to save a buck.

WoW!


Are all American people or some just some corrupt? Which groups are corrupt? Are the American people that are in government immune from this corruption? Is any political party more corrupt than the other? Are you corrupt?

txbadger
11-17-2008, 05:47 AM
So far our "government" has given 2 trillion away and taught business it's ok to fail for they will bail them out.

As to the auto industry, let them go Chap 11, rid them of the HORRIBLE legacy costs and start anew. 60B, the remaining portion of the 700B equates a couple of months on the roppe for the noose at their current burnrates.

mjh345
11-17-2008, 11:56 AM
[quote=Paul Johnson;
Thomas Jefferson believed that all governments, including our own, will eventually become corrupt and it is the responsibility of the people to overthrow corrupt governments. Has our government reached this point?[/quote]

More and more, I'm beginning to think so

Gerry Clinchy
11-17-2008, 12:11 PM
So far our "government" has given 2 trillion away and taught business it's ok to fail for they will bail them out.


And the mayor of Philadelphia thinks it should be the Federal government's responsibility to bail the city out from its financial problems as well. (along with some other big cities like New York) He's drafting a letter to the President & President-Elect in this regard (per local TV news Saturday)

Steve Amrein
11-17-2008, 12:42 PM
What they need are sales so as to make profit. Why doesn't the government give everyone a huge rebate check to buy a new vehicle plus a tax break until its paid off.

I would have bought a new truck this year but the 30k in depreciation before the warranty ran out kinda made up my mind.

I am not worried if they go away there are enough companies that produce parts for the cars now that parts would easily be available. This bailout crap has to stop before China does not have enough money to bail us out. :(

Paul Johnson
11-17-2008, 10:32 PM
What they need are sales so as to make profit. Why doesn't the government give everyone a huge rebate check to buy a new vehicle plus a tax break until its paid off.(

Sales will not fix the problem! There is an excellent article by Mr. Levine (a former airline excutive and a distinguished research scolar and senior lecturer at the NYU School of Law) on page 19 of the November 17, 2008 Wall Street Journal that explains the problems for the big three. These problems include such thing as the UAW "Jobs Bank" which guarentee's almost full wages and benifits for workers that lose their jobs due to automation or plant closure, dealerships (almost 5 times as many as Toyota) that cannot be closed because of state laws, revenue bonds for municipalities, more retirees than current workers, property and facilities that are not and probably will not ever be used again, and the list goes on and on. The argument that the manufacturers will go out of business is nothing but a scare tactic because the Democrats are afraid of losing UAW votes. Airlines have gone through Chapter 11 and they are still with us. Why would the auto manufacturers be any different? The only thing that is going to save the big 3 is Chapter 11.