det er lidt uhyggeligt at følge med i hvad der sker i kongressen i usa
der er ikke ret mange der vil støtte bilindustrien
og formodentligt kan de ikke overleve alligevel, hvis de får 34 mia dollar
men sammenlignet med alle de trilliarder, man har brugt på finanssektoren uden virkning
er det helt klart at ingen forstår at bilindustrien er en grundpille i økonomien, medens de fleste finansselskaber faktisk er overflødige og intet producerer
det eneste der betyder noget er produktion, medens finansselskaber på linie med hospitaler, undervisningssteder, socialforsorg, hjemmehjælpere og børnehaver mm
intet produktivit foretager sig og er en udgift for samfundet
et kollaps i bilindustrien i usa vil være en katastrofe, meget værre end hvis AIG og alle de andre var kollapset
hvor dumme har politikere lov til at være?
http://www.reuters.com/article/topNews/idUSTRE4AL2C720081205?feedType=RSS&feedName=topNews
der er ikke ret mange der vil støtte bilindustrien
og formodentligt kan de ikke overleve alligevel, hvis de får 34 mia dollar
men sammenlignet med alle de trilliarder, man har brugt på finanssektoren uden virkning
er det helt klart at ingen forstår at bilindustrien er en grundpille i økonomien, medens de fleste finansselskaber faktisk er overflødige og intet producerer
det eneste der betyder noget er produktion, medens finansselskaber på linie med hospitaler, undervisningssteder, socialforsorg, hjemmehjælpere og børnehaver mm
intet produktivit foretager sig og er en udgift for samfundet
et kollaps i bilindustrien i usa vil være en katastrofe, meget værre end hvis AIG og alle de andre var kollapset
hvor dumme har politikere lov til at være?
http://www.reuters.com/article/topNews/idUSTRE4AL2C720081205?feedType=RSS&feedName=topNews
5/12 2008 12:11 le 0
474 Auto bailout could be tied to gov't-run overhaul
Congress weighs tying auto bailout to government-run restructuring of Detroit's Big Three
Julie Hirschfeld Davis, Associated Press Writer
Friday December 5, 2008, 4:27 am EST
Yahoo! Buzz Print Related:Ford Motor Co., General Motors Corporation
WASHINGTON (AP) -- The government would order a major restructuring of Detroit's struggling Big Three auto companies in exchange for a multibillion-dollar bailout under a plan circulating in Congress.
Auto executives, from left, General Motors Chief Executive Officer Richard Wagoner, UAW President Ron Gettelfinger, Ford Chief Executive Officer Alan Mulally, and Chrysler Chief Executive Officer Robert Nardelli testify on Capitol Hill in Washington, Thursday, Dec. 4, 2008, before a Senate Banking Committee hearing on the auto industry bailout. (AP Photo/Gerald Herbert)
Related Quotes
Symbol Price Change
F 2.66 0.00
GM 4.11 0.00
{"s" : "f,gm","k" : "c10,l10,p20,t10","o" : "","j" : ""} Skeptical lawmakers are weighing whether to dole out as much as $34 billion in aid to the automakers as the once-mighty companies make their second round of pleas for government help to keep them from collapsing by year's end and potentially deepening an already painful recession.
With several lawmakers in both parties pressing them to consider a pre-negotiated bankruptcy -- something they have consistently shunned -- members of Congress and the Big Three both were contemplating a government-run restructuring that would yield similar results, including massive downsizing and labor givebacks.
U.S. auto executives were appearing before the House Financial Services Committee for the second time to outline their plans for staying afloat with a government infusion.
The rescue, though, was facing fresh obstacles in Congress, with lawmakers still unconvinced they should support yet another bailout and congressional officials saying a leading proposal for helping the carmakers wouldn't come close to covering the cost.
"We're looking at a death sentence" for the auto companies, Sen. Chris Dodd, D-Conn., the Senate Banking Committee chairman, said Thursday, pledging to try to help the Big Three. He quickly added, "I'm not a miracle worker and no one here is."
Finding the money was proving to be an uphill battle. Congressional budget analysts said one leading proposal -- to use an already approved fund set aside for making cars environmentally efficient -- would provide just $7.5 billion -- a fraction of what General Motors Corp., Ford Motor Co. and Chrysler LLC say they need.
Democratic congressional leaders are leaning on President George W. Bush to instead tap into the already enacted $700 billion Wall Street bailout fund to aid the auto industry, arguing that a carmaker collapse would have a devastating impact on the financial firms the program is designed to help.
The Bush administration has said it has no intention of doing so, arguing that the money was supposed to be for financial institutions, and instead wants to convert the fuel-efficiency money into emergency loans.
Auto state lawmakers are threatening to block the administration from accessing the second half of the financial rescue fund unless it comes to the aid of the Big Three.
And President-elect Barack Obama wasn't stepping forward with an alternative. Rep. Barney Frank, D-Mass., who has been dealing with both the financial bailout and the auto rescue proposal as chairman of the House Financial Services Committee, said Obama is "going to have to be more assertive than he's been."
Repentant after a botched first crack at bailout pleas, the companies' executives said they were willing to overhaul their companies and own up to past errors.
"We made mistakes, which we're learning from," GM chief Rick Wagoner said. Ford CEO Alan Mulally also acknowledged big missteps, saying his company's approach once was "If you build it, they will come."
"We produced more vehicles than our customers wanted, then slashed prices," he said. But as a result of these past mistakes, "we are really focused," he said.
United Auto Workers union President Ron Gettelfinger, aligned with the industry in pressing for the aid, told senators that any kind of bankruptcy, even a prepackaged one, was not "a viable option." Gettelfinger said consumers would not buy autos from bankrupt companies, no matter the terms of the arrangement.
He also warned that without action by Congress: "I believe we could lose General Motors by the end of this month." He said the situation was dire.
It wasn't enough for some skeptics.
"I don't know how they're going to make it," Sen. Richard C. Shelby, R-Ala., said of the automakers. "If they called this a plan to get money, the bankers all over the world would laugh."
Even sympathetic Democrats said it was difficult to find a way to help the Big Three with time running out on this year's Congress.
"Can it be done in the next week?" said Sen. Evan Bayh, D-Ind. "That's a tough lift."
Associated Press writer Ken Thomas contributed to this report.
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Congress weighs tying auto bailout to government-run restructuring of Detroit's Big Three
Julie Hirschfeld Davis, Associated Press Writer
Friday December 5, 2008, 4:27 am EST
Yahoo! Buzz Print Related:Ford Motor Co., General Motors Corporation
WASHINGTON (AP) -- The government would order a major restructuring of Detroit's struggling Big Three auto companies in exchange for a multibillion-dollar bailout under a plan circulating in Congress.
Auto executives, from left, General Motors Chief Executive Officer Richard Wagoner, UAW President Ron Gettelfinger, Ford Chief Executive Officer Alan Mulally, and Chrysler Chief Executive Officer Robert Nardelli testify on Capitol Hill in Washington, Thursday, Dec. 4, 2008, before a Senate Banking Committee hearing on the auto industry bailout. (AP Photo/Gerald Herbert)
Related Quotes
Symbol Price Change
F 2.66 0.00
GM 4.11 0.00
{"s" : "f,gm","k" : "c10,l10,p20,t10","o" : "","j" : ""} Skeptical lawmakers are weighing whether to dole out as much as $34 billion in aid to the automakers as the once-mighty companies make their second round of pleas for government help to keep them from collapsing by year's end and potentially deepening an already painful recession.
With several lawmakers in both parties pressing them to consider a pre-negotiated bankruptcy -- something they have consistently shunned -- members of Congress and the Big Three both were contemplating a government-run restructuring that would yield similar results, including massive downsizing and labor givebacks.
U.S. auto executives were appearing before the House Financial Services Committee for the second time to outline their plans for staying afloat with a government infusion.
The rescue, though, was facing fresh obstacles in Congress, with lawmakers still unconvinced they should support yet another bailout and congressional officials saying a leading proposal for helping the carmakers wouldn't come close to covering the cost.
"We're looking at a death sentence" for the auto companies, Sen. Chris Dodd, D-Conn., the Senate Banking Committee chairman, said Thursday, pledging to try to help the Big Three. He quickly added, "I'm not a miracle worker and no one here is."
Finding the money was proving to be an uphill battle. Congressional budget analysts said one leading proposal -- to use an already approved fund set aside for making cars environmentally efficient -- would provide just $7.5 billion -- a fraction of what General Motors Corp., Ford Motor Co. and Chrysler LLC say they need.
Democratic congressional leaders are leaning on President George W. Bush to instead tap into the already enacted $700 billion Wall Street bailout fund to aid the auto industry, arguing that a carmaker collapse would have a devastating impact on the financial firms the program is designed to help.
The Bush administration has said it has no intention of doing so, arguing that the money was supposed to be for financial institutions, and instead wants to convert the fuel-efficiency money into emergency loans.
Auto state lawmakers are threatening to block the administration from accessing the second half of the financial rescue fund unless it comes to the aid of the Big Three.
And President-elect Barack Obama wasn't stepping forward with an alternative. Rep. Barney Frank, D-Mass., who has been dealing with both the financial bailout and the auto rescue proposal as chairman of the House Financial Services Committee, said Obama is "going to have to be more assertive than he's been."
Repentant after a botched first crack at bailout pleas, the companies' executives said they were willing to overhaul their companies and own up to past errors.
"We made mistakes, which we're learning from," GM chief Rick Wagoner said. Ford CEO Alan Mulally also acknowledged big missteps, saying his company's approach once was "If you build it, they will come."
"We produced more vehicles than our customers wanted, then slashed prices," he said. But as a result of these past mistakes, "we are really focused," he said.
United Auto Workers union President Ron Gettelfinger, aligned with the industry in pressing for the aid, told senators that any kind of bankruptcy, even a prepackaged one, was not "a viable option." Gettelfinger said consumers would not buy autos from bankrupt companies, no matter the terms of the arrangement.
He also warned that without action by Congress: "I believe we could lose General Motors by the end of this month." He said the situation was dire.
It wasn't enough for some skeptics.
"I don't know how they're going to make it," Sen. Richard C. Shelby, R-Ala., said of the automakers. "If they called this a plan to get money, the bankers all over the world would laugh."
Even sympathetic Democrats said it was difficult to find a way to help the Big Three with time running out on this year's Congress.
"Can it be done in the next week?" said Sen. Evan Bayh, D-Ind. "That's a tough lift."
Associated Press writer Ken Thomas contributed to this report.
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5/12 2008 12:20 le 0476 interresant iøvrigt at regeringen kan købe hele bilindustrien for mindre end de 34 mia dollars ifølge børskurserne
Man kan også spørge sig selv om en evt. hjælpepakke vil hjælpe aktionærerne?
Jeg kan godt forstå hvis politikerne måske ikke har lyst til at støtte den gamle industri, der ikke har udsigt til lønsomhed eller sågar overskud.
I og med at Obama ikke er i lommen på nogle "vested interested" så kan han måske se mere nøgternt på det.
Når man besluttede at redde den finansielle sektor, tror jeg ikke det var fordi man tænkte på sine "venner" eller jobs. Jeg tror - og det havde man ret i efter min mening- at man frygtede for hele banksystemet, hele den liberale kapitalistiske system. Derfor gik man ind og reddede det.
USA må jo indse at hvis de skal være konkurrencedygtige indenfor den industri kræver det altså andre boller på suppen.
Men når alt det er sagt så tror jeg noget af det er spil for galleriet. Man vil ikke virke protektionistisk eller socialistisk. Bailouten skal nok komme før eller senere.
I og med at Obama ikke er i lommen på nogle "vested interested" så kan han måske se mere nøgternt på det.
Når man besluttede at redde den finansielle sektor, tror jeg ikke det var fordi man tænkte på sine "venner" eller jobs. Jeg tror - og det havde man ret i efter min mening- at man frygtede for hele banksystemet, hele den liberale kapitalistiske system. Derfor gik man ind og reddede det.
USA må jo indse at hvis de skal være konkurrencedygtige indenfor den industri kræver det altså andre boller på suppen.
Men når alt det er sagt så tror jeg noget af det er spil for galleriet. Man vil ikke virke protektionistisk eller socialistisk. Bailouten skal nok komme før eller senere.
