• Basketball legend Magic Johnson, whose new book is 32 Ways to Be a Champion in Business, talks with Alan about Obama’s election and the troubled economy.
• Thirty years after the Jonestown massacre, one survivor has made it all the way to Capitol Hill. Rep. Jackie Speier (D-CA) shares the gripping story of her escape.
• Alan anticipates the political fallout of naming Eric Holder to be Attorney General.
Oops, I posted the above post in the wrong section! I meant it for the Stevens one.
I can’t believe the criminal got as many votes as he did.
Steve,
The big 3 won’t disapear, but they will have to restructure and re-vamp their business plan if they want to compete in the market and be successful. It isn’t just republicans who are against this bail out, Democrats are as well. You don’t throw money at companies who are throwing money away and refuse to change their ways. It doesn’t help.
It is a crying shame that the unions, yes the unions are partly to blame for this. How can you justify continuing to pay workers $78 an hour (a number they threw out on CNN this evening) when your competitors average $38/hour for their workers?? These companies (the big 3 you want to bail out) are losing 2-3 grand on each car that rolls off their assembly lines.
They need to file for bankruptcy if necessary and deal with it the way every other business deals with it.
T.MASON,ROMNEY missed the nail. AMERICAN MOTORS merged. The trickle down affect will bankrupt this country. The anti – union south that backs out of the country auto makers because most of those makers are down in dixie. The lost of the big 3 will hurt all parts plants. Well over 100,000 jobs loss. The trickle down affect like mom and popo stores that hover around those plants. What gets me,i was reading the local paper here in LEXINGTON,KY and this state alone could have a loss of 50,000 jobs. What gets me with logic of THE GOP is flat out backwards. Also in tuesdays hunger has went up in this country and it,s mainly where McCAIN won at. The poorest parts of the country that need jobs. Yes the big 3 need to re-tool,but not going bankrupt. I wish i was in a union and i was once in 1. You will make more money and thats the AMERICAN way you are not for. I also say you are most likly a fan of rush and sean that play the flute for 1,000,000,s of mice that follow blindly to the tune saying how un-AMERICAN the left and i see the right being un-AMERICAN willing to make us slave to out of country auto makers. Go to kentucky.com and read about this state alone could have a loss of 50,000 jobs and part about this country going more hungry in tuesdays kentucky.com
Anony,
Which cars they produce, whether or not they continue to bow to the unions, and the quality of the product they turn out is their resonsibility. The fact is, other car companies pay their workers less, create a better product that is more economical and stays on the road longer with fewer problems.
Bankruptcy does not mean they companies go away. That would allow a judge to order the unions relent or go away, which in my opinion, isn’t a bad idea.
Romney hit the nail on the head.
I feel sorry for someone as stupid and misguided as you seem to be! You are hateful, rude, obnoxious and your ideas are completely and totally dangerous to the United States. Yes, you have the right to express your ideas, but it’s very offensive the way you constantly cut your guests off if they say anything that goes against what you believe. You are a typical, liberal Democrapper that is trying to ruin this great country.
November 18th, 2008 at 9:15 pm
Breaking News from the Washington Post!
Alaska Sen. Ted Stevens Loses Re-Election Bid
By MICHAEL R. BLOOD
The Associated Press
Tuesday, November 18, 2008;
ANCHORAGE, Alaska — Alaska Sen. Ted Stevens has lost his bid for a seventh term. The longest-serving Republican in the history of the Senate trailed Anchorage Mayor Mark Begich by 3,724 votes after Tuesday’s count. That’s an insurmountable lead with only about 2,500 overseas ballots left to be counted.
Stevens, who turned 85 Tuesday, also revealed that he will not ask President George W. Bush to give him a pardon for his seven felony convictions.
November 18th, 2008 at 9:21 pm
Saving the Detroit automakers isn’t a bailout. It’s a loan and an investment.
GM, Ford and (cough, cough) even Chrysler are nearly the only remaining foundation of the American industrial base. We’d all be poorer if they went bust.
Played right, the US government would even make money on a loan to them as we’ve done before. Loaning the Big 3 money to carry them through next year is an even better deal when you consider what it would cost us not to help them out. If any or all of the Big 3 fold, hundreds of thousands of suddenly orphaned retirees and their dependents will be tossed on Uncle Sam’s doorstep. Hundreds of thousands of middle class auto jobs (and the taxes they pay) will convert into something paying (and taxed at) a whole lot less.
The Detroit 3’s problems are not all of their own making. The sudden run up in fuel prices wasn’t their idea (it was Bush-Cheney’s idea) and they’re also a victim of the credit squeeze your friends on Wall Street sent their way.
It’s interesting to watch how different people are reacting to the auto crunch.
Senator Richard Shelby (Republican – Senate Committee on Banking, Housing and Urban Affairs) from Alabama seems to be cheering for them to fail. Alabama is the new home of Honda, Toyota, Mercedes-Benz and Hyundai mfg operations but I’m sure that has nothing to do with his feelings.
Paulson/Bernanke are throwing their TARP all over Wall Street but claiming they don’t have the authority (more likely, the interest) to throw even a corner of it over Detroit.
Other anti-union conservative voices (and their minimum wage sycophant kapos) seem to be salivating over the chance to watch the UAW die as the Detroit 3 fail.
Days ago, I thought we were close enough to the end of the Bush years to get out with no more scrapes. If Bush and his Republican friends stall a Detroit loan long enough to flush the industry down the toilet before Obama takes over, I will sadly have been proven wrong.
November 19th, 2008 at 1:20 am
While I agree that if all 3 auto companies fail and all the workers were out of jobs, that would be bad for the reasons you state.
However, do you think that if the 3 auto companies fail that people would just make do with out cars? I won’t, I’ll still need a car.
The demand will still be there and companies that can fill that demand will pop up and most of those workers will be back on the job, albeit for maybe another more efficient company.
Its called capitalism and it seems to work if we let it.
November 19th, 2008 at 1:36 pm
With slipping median incomes and more wealth concentrated with the top 5%, fewer Americans will be able to afford new vehicles. We’ll be keeping the old ones on the road longer.
So, no. The demand won’t be there for anything but repair parts.
We’ve begun a long slide into the abyss. The only thing still “working” for some us will be found in their chance to climb over the bodies of others and stay at the top.
Good luck with that.
November 19th, 2008 at 6:06 pm
Anony,
Which cars they produce, whether or not they continue to bow to the unions, and the quality of the product they turn out is their resonsibility. The fact is, other car companies pay their workers less, create a better product that is more economical and stays on the road longer with fewer problems.
Bankruptcy does not mean they companies go away. That would allow a judge to order the unions relent or go away, which in my opinion, isn’t a bad idea.
Romney hit the nail on the head.
November 19th, 2008 at 9:11 pm
T.MASON,ROMNEY missed the nail. AMERICAN MOTORS merged. The trickle down affect will bankrupt this country. The anti – union south that backs out of the country auto makers because most of those makers are down in dixie. The lost of the big 3 will hurt all parts plants. Well over 100,000 jobs loss. The trickle down affect like mom and popo stores that hover around those plants. What gets me,i was reading the local paper here in LEXINGTON,KY and this state alone could have a loss of 50,000 jobs. What gets me with logic of THE GOP is flat out backwards. Also in tuesdays hunger has went up in this country and it,s mainly where McCAIN won at. The poorest parts of the country that need jobs. Yes the big 3 need to re-tool,but not going bankrupt. I wish i was in a union and i was once in 1. You will make more money and thats the AMERICAN way you are not for. I also say you are most likly a fan of rush and sean that play the flute for 1,000,000,s of mice that follow blindly to the tune saying how un-AMERICAN the left and i see the right being un-AMERICAN willing to make us slave to out of country auto makers. Go to kentucky.com and read about this state alone could have a loss of 50,000 jobs and part about this country going more hungry in tuesdays kentucky.com
November 19th, 2008 at 9:44 pm
Steve,
The big 3 won’t disapear, but they will have to restructure and re-vamp their business plan if they want to compete in the market and be successful. It isn’t just republicans who are against this bail out, Democrats are as well. You don’t throw money at companies who are throwing money away and refuse to change their ways. It doesn’t help.
It is a crying shame that the unions, yes the unions are partly to blame for this. How can you justify continuing to pay workers $78 an hour (a number they threw out on CNN this evening) when your competitors average $38/hour for their workers?? These companies (the big 3 you want to bail out) are losing 2-3 grand on each car that rolls off their assembly lines.
They need to file for bankruptcy if necessary and deal with it the way every other business deals with it.
November 19th, 2008 at 10:12 pm
I can’t believe the criminal got as many votes as he did.
November 19th, 2008 at 10:57 pm
Oops, I posted the above post in the wrong section! I meant it for the Stevens one.
November 19th, 2008 at 10:59 pm