Originally Posted by e1618978
If you were selling a house to somebody, and they said "I want to move in, sign the house over to me and then I will get the money to you at some undetermined time in the future (a time of my choosing)."
Considering that's pretty much how it works (I didn't hand over a big bag of cash for my house), I don't know why this is a problem.
Would you sell them the house? Because that is the kind of deal the UAW was trying to sell the American taxpayers - "bail us out and we will cut our wages at some undetermined time in the future, after 2009 for sure, a time of our choosing - trust us".
I would imagine that when you are negotiating with the federal gummit, you would get checked up on. Or that those details would be worked out in subsequent meetings. Or that funding would be contingent upon those agreements.
But apparently, that's not good enough.
I want to be clear about this: I don't 'give two shits about the big three. They make shitty cars and deserve to have their heads handed to them. And if this were happening, say, 3 years ago, I would be completely opposed to a bailout. Let'em go under. Sell them to Honda. I don't care. Hell, make a condition of the deal that in 2010, the big three become the property of the taxpayers.
What I don't want to happen is for the domestic auto industry to dump 300,000 workers, 740,000 dealers, and 610,000 suppliers
onto the job market in a collapsing economy. And that's not to mention the effect this would have on the banks and housing industry.
What I want, right now, is for the GOP to stop fucking around and act like grownups. They've gotten their pound of flesh from the unions. They've gotten their political theater. But they need to realize that every thing they have touched in the last eight years has turned to shit.