{"id":337,"date":"2008-12-05T05:43:59","date_gmt":"2008-12-05T05:43:59","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=337"},"modified":"2008-12-05T05:43:59","modified_gmt":"2008-12-05T05:43:59","slug":"a_few_comments_on_the_auto_ind","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=337","title":{"rendered":"A Few Comments on the Auto Industry Bailout"},"content":{"rendered":"<p>According to <a href=\"http:\/\/blogs.abcnews.com\/politicalradar\/2008\/12\/dems-give-bush.html\">Political Radar<\/a>, ABC news is reporting that the Democrats in Cogress are putting pressure on the Bush Administration to release some of the original $700 billion credit market bailout to the auto industry.&nbsp; The Democrats are looking for an answer by today.<\/p>\n<p><span style=\"FONT-SIZE: 10pt; COLOR: #333333; FONT-FAMILY: 'Arial','sans-serif'\">According to the article, Democrat leaders in Congress sent&nbsp;a letter Thursday night, telling President Bush he must commit funds from either the TARP or the federal reserve or they will be unable to pass anything in Congress.<\/span><\/p>\n<p><span style=\"FONT-SIZE: 10pt; COLOR: #333333; FONT-FAMILY: 'Arial','sans-serif'\">I have my own ideas on the bailout&#8211;<strong>DON&#8221;T DO IT!&nbsp; <\/strong>Detroit pays its auto workers twice as much as the auto workers in the states that are not unionized.&nbsp; Their union contracts for retirees and workers add $2000 to the cost of every car.&nbsp; This is a bad business plan.&nbsp; They don&#8217;t need to be bailed out&#8211;they need Chapter 11 protection while they restructure.&nbsp; Anything else is throwing good money (our money as taxpayers) after bad.&nbsp; I drive a Ford&#8211;I love my Ford&#8211;but I don&#8217;t support a bailout.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Political Radar, ABC news is reporting that the Democrats in Cogress are putting pressure on the Bush Administration to release some of the original $700 billion credit market bailout to the auto industry.&nbsp; The Democrats are looking for &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=337\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-337","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=337"}],"version-history":[{"count":0,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/337\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}