The only reason Pelosi asked for the CEO’s to come back with a plan is to buy time for the dust to settle – with time the dissenters will not be making so much noise against the deal – then she can give them the money without getting so much flack. Especially with the holidays and Congress being out for now.

There is way too much wrong with the way those co. have been run to expect that this loan will be the answer to their problem or that it will tide them over during this economy. They thought it was smooth sailing when all they had to do was make the big guzzling SUV’s to sell to the credit happy public. They got caught with their pants down and now have gone crying to mama.

As far as the employees go, I always feel bad when anyone loses their job. And this would cause job loses beyond the auto workers alone. But the unions need to make more concessions to save jobs, too. I don’t know specifically about the UAW but there are unions that have become very corrupt. In some instances they have even hurt the nonunion work force. I have several neighbors who have retired in their 50′s because they had union jobs. It doesn’t seem right, somehow.

By Russ Dallen
Latin American Herald Tribune staff

General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.

According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to “complete the renovation of the line of products up to 2012.”

“It wouldn’t be logical to withdraw the investment from where we’re growing, and our goal is to protect investments in emerging markets,” he said in a statement published by the business daily Gazeta Mercantil.

http://www.laht.com/article.asp?ArticleId=320909&CategoryId=12396

Jerks…why don’t they ask Brazil to help them out.

Doesn’t Brazil require specific vehicles for their fuel? Interesting how GM will work with them to improve their energy independence….but fight American politicans to do the same here.

By Russ Dallen
Latin American Herald Tribune staff

General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.

According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to “complete the renovation of the line of products up to 2012.”

“It wouldn’t be logical to withdraw the investment from where we’re growing, and our goal is to protect investments in emerging markets,” he said in a statement published by the business daily Gazeta Mercantil.

http://www.laht.com/article.asp?ArticleId=320909&CategoryId=12396

Jerks…why don’t they ask Brazil to help them out.

Doesn’t Brazil require specific vehicles for their fuel? Interesting how GM will work with them to improve their energy independance….but fight American politicans to do the same here.

But I do believe we will see endless variations of blame GWB and Hillary in the next months and years.

I think that the dems are desperate for ANY agreement to dump money to the Big Three CEOs BEFORE the coronation of the 0-zero.

With GWB’s signature on this — HE can be blamed.

POTUS!!

PUMA!!

Now what will he give McCain?