Cedric Glover for Bailout

"We're not asking for a handout for them," Glover said at a news conference. "We are asking for a hand up."

Glover bristled at the proposal being labeled a "bailout." He equated it to the loans provided to Chrysler in the late 1970s, which the company was able to repay.

Glover was among 35 leaders, many from Michigan, who visited members of Congress pleading for passage of the loan program in this week's lame-duck session of Congress."

STORY

Tags: bailout, cedric, glover

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Permalink Reply by Grice on November 19, 2008 at 5:51
Maybe while he is up there, he and Landrieu can petition for financial relief of all the other local companies that are struggling. The GM plant is not a singular concern. If he can get the "loan" approved for GM, maybe they will give him two Suburbans, as symbols of their appreciation.
Permalink Reply by The_Baron on November 19, 2008 at 6:24
I'm sure glover is just pandering for votes. Too many voters are tied to the health of the Auto industry.

Besides we know how much he likes to travel on the public dime.
Permalink Reply by The_Baron on November 19, 2008 at 8:14
I'd like to see some other industry than auto manufacturing. This country just can't countinue to base its economy on more cars and roads.
Permalink Reply by The_Baron on November 19, 2008 at 9:14
Besides, just how much influence does a mayor from louisiana really have in Washington anyway.

I of course hope that GM survives. I just have a hard time throwing tax dollars into another bailout. Let GM go bankrupt, reorganize, and maybe build a product that will actually sell.
Permalink Reply by RAY on November 19, 2008 at 19:23
if they want part of the $700 billon, let them have it ,seems as though no body but the big boys are getting it anyway.
Permalink Reply by Grice on November 20, 2008 at 2:31
The senate has already rejected any voting on the issue (ie. no bailout for the auto industry). While the Treasury retains the power to disregard the senate's recommendations, it is unlikely that Paulson will approve the bailout. The "big 3" are set to make amendments to their original proposal, and reissue the amended proposal. However, the senate hearing committee is scheduled to adjourn for the holidays, so it is likely that nothing will happen until they reconvene. Unless Paulson approves the DAI's amended proposal, it appears they (DAI) will be forced to seek bankruptcy.
Permalink Reply by The_Baron on November 20, 2008 at 3:55
Looks like Harry Reid is trying to put the issue on the Bush Administration.

Anyone ever played Hot Potato?
Permalink Reply by barneyfife on November 20, 2008 at 10:22
I can't believe one of the Big 3 didn't offer Cedric a ride in the corporate jet since he is a mayor of an important city with an automtotive plant. Maybe with the Obamanator is prez, they'll fly back and whine some more and let Cedric fly with them. That giant sucking sound you hear is your taxes dollars being sucked down the rat hole - the Big 3 automakers. Even if they get the money, with all their baggage, unions, etc., the bailout won't be enough to save them - they are dinosaurs and need to be extinct. Toyota, Honda, Nissan, et al build better cars period! I will not buy another American made piece of crap anymore!
Permalink Reply by wpt9452 on November 20, 2008 at 16:12
Ask yourself one question. Would you buy a car or truck from a bankrupt company..........oh, I thought so.
Permalink Reply by The_Baron on November 20, 2008 at 16:38
Maybe. Whats the reliability. Whats the price?

This is the same lame argument used in the eighties when Chrysler went belly up.

My question is: Would you buy a car or truck from a company who can't survive without government help, a company that has no foresight, a company that burns through 2 billion in cash a month....

The latest sales figures already answer my question.
Permalink Reply by Snake Stewart on November 21, 2008 at 1:15
Buying an American made product over one that was made from overseas companies is a grand idea and I believe should be used as much as possible. I would even but American if it cost a little more comparitively speaking , just to try to do my part for the economy. But paying $40,000 for a vehicle thats worth $25,000 isnt smart.
Unions had their place and have done wonders for workers rights over the years.It seems now that they are more like a political activist group then anything else.And yes , I was a union member until this past month.There just seems to be a whole bunch of people making a whole bunch of money for doing absolutely nothing.My union rep went from cleaning floors to driving a "Caddy".I am all for people getting ahead in life but not if I am the one paying for it. I am afraid that in this global economy it seems that the unions place may be in a soup line.
Permalink Reply by Cathaus on November 21, 2008 at 3:10
Funny KB,
After 30+ years of buying all things Kenmore, I have gone global! My last Kenmore refrigerator was nothing but a headache. Every 3 months I was paying an exhorbitant service call to have the freon replaced. The repairman said that it was a design flaw. I finally bit the bullet and bought a Samsung refrigerator. I don't love it yet but I am very fond of it. If it promises not to leak freon, thus spoiling my orange sherbert, I will soon replace that fondness with downright out and out LOVE!

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