1. This is (wasted) water on dead vegetation

or

2. Nancy and Harry are going to find much displeasure among the Unions

the transplants have paid much more in federal and state taxes over the last several years

Link please……
my perception is they have massive state tax abatements and also artificially inflate the value of imported content to eliminate “profit”

Count me in to – All I ever read about the transplants was that they learned from the Big 3 how to play states off against each other and get not only tax abatement, but road & rail improvements and training funds from the “winning” state.

Not only that, but the transplants have met accusations over the use of “permatemps” (supposedly temporary employees with lower pay and fewer benefits, that get kept in that status for years) with stony silence. Not as much in the way of income taxes from lower paid employees.

Please add me to the “Link please……” request.

Link please……
my perception is they have massive state tax abatements and also artificially inflate the value of imported content to eliminate “profit”

but I’m willing to be convinced otherwise

Do we know what Ford plans to ask for? How about Chrysler? and Honda/Toyota might want a piece too! If distributed equally, that would be $5B per company–do we know what GM seeks, and how that would be impacted if the maximum would be $5B? If we remove Honda + Toyota the largess provided (assuming equal distribution) would be only $8.3B–would that be enough?

TTAC doesn’t have a stance, TTAC writers do.

I’d put even money on Red Ink Rick resigning and taking his millions of dollars before he signs a “no bonus or parachute” bailout. He’s an impotent leader but he ain’t stupid.

We need to figure out what Honda, Toyota, Nissan, Subaru, BMW and MB are doing in response to all of this. Are they pounding on their senators and congressmen? If I was them, I’d be saying “WTF?!”. After all, the transplants have paid much more in federal and state taxes over the last several years than the Big 2.8 has. And the number of American jobs that they’ve created is substantial. It’s not on par yet with the 2.8…but we are only a couple of years away from the transplants taking over the lead in the jobs metric, too.

We’ve had 3 years or more slagging Wagoner and his band of derivatives — I agree with that. But if the US government loans him big bucks, he’s better at disbursing these funds than some oversight board? Huh? Well, looks as though the insane Pelosi is going to allow Wagoner to write an essay entitled “How I saved GM”, give him a check for $25B and tell him not to spend it all at once.

So why is German nationalization okay, but US oversight no good?

Like Tireguy, I’m looking forward to reading these plans.

It seems that we are looking foward to some really good cooked up business plans showing that GM will immediately turn a monthly 1 bn USD loss into a profit.

I.e., how many executive bonuses 25B will buy.

John