Saturday Night Live Spoofs the Auto Bailout
The Saturday Night Live gang is at it again, this time mocking the CEOs of Detroit’s struggling automakers, who were recently on Capitol Hill begging Congress for cash. We’ll have to see if this ends up stirring the kind of controversy that their last bailout-themed sketch did.
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Car bail out (Loan)
Actually Congress should pass a law to limit the amount of the money the Unions of the Big Three get. This bail out is all about politics and is for the Union,not the company. The foreign manufacturers build cars in the US using US workers for 1/2 the money because they are not unionized. If the Big 3 made cars people wanted to buy, they wouldn't have to worry about their aging plants. Aging plants is not for the taxpayers to fix; the automakers have decided not to upgrade. Look at the Big 3 sales oversees and they are doing ok. I bet it all that this tax payer extortion is going right into the Unions and one of them will fold anyway. I only hope that since I am a taxpayer bailing out a private company, that I will get stock from that company, as well as a generous employee discount, and free health care. I can't wait till the next election when Nancy "Bela Ligosi" Pillosi and Barney "mumbles" Frank get booted out!
Car bail out (Loan)
Washington needs to pass a law prohibiting States, Counties, Local govs from granting tax breaks to entice Foriegn Companys to build factories in their communities. Such a law would level the playing field a bit more for our old manufacturing plants. Also it would raise the local tax base needed to support the accompany population growth brought on by the new jobs.
Taxes are a big deceiding factor as where transplants will build their new factories. The Press seams to have ignored that overhead burden for old plants.
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