Failing US automakers seek $50 billion federal bailout…

After decades of pushing urban assault vehicle suv’s and monster pick up trucks, the high gas price bust leads the big three to seek LEMON SOCIALIST handouts! This from ap:


Auto industry seeks $50B in loans from Congress

Low interest loans would be used to help them modernize the industry’s assembly plants and develop next-generation fuel-efficient vehicles.

August 23, 2008

WASHINGTON (AP) — — Automakers plan to urge Congress to support funding up to $50 billion in low-interest loans over three years to help them modernize their assembly plants and develop next-generation fuel-efficient vehicles.

Industry officials said the loans, which are twice the amount authorized in last year’s energy bill, are a top priority when Congress returns next month because of the declining fortunes of Detroit’s automakers and tightening credit markets.

“The amount of concern and urgency from the Detroit companies has increased in the last month and significantly ratcheted up what they’re communicating what their funding needs are,” said Alan Reuther, legislative director for the United Auto Workers union.

Congress authorized $25 billion in low-interest loans in last year’s energy bill, but the auto industry’s allies in Congress have been unable to get funding for the plan.

The loans would provide low-interest credit for up to 30 percent of the cost of retooling facilities to build hybrids, plug-in hybrids, electric cars and other alternatives.


The idiot management in Detroit made bad decisions in a changing business climate, so now the tax payers have to pay, via lemon socialism, to bail them out? DAGNABIT! MORE corpoRATe welfare? They should all go OUT OF BUSINESS FOR THEIR FAILURE! Why should WE subsidize them with tax dollars, after they built THE WRONG PRODUCT FOR DECADES? Those IDIOTS AT gm, designed and went into LIMITED PRODUCTION of the car they should be driving back in the 1990’s. It was called the EV-1. You can learn why they built it, and then turned around and KILLED it by veiwing the film “Who killed the electric car?” Those idiots at gm should pull those old plans out and go into full scale prduction of the EV-1. They should do it with their own company money, not look to the taxpayers for a handout!

What do the three corpoRATeer stooges of the gas guzzling set have to say for themselves?

UHHHHHHH, UM, DUH?! Give us a sack of taxpayers cash bailout!

UHHHHHHH, UM, DUH?! Give us a sack of taxpayers cash bailout!

UHHHHHHH, UM, DUH?! Give us a sack of taxpayers cash bailout!

WTF!? These idiots and a handful of others DECIDED to make cars nobody wants to buy, THEY AND THEIR STOCKHOLDERS SHOULD PAY THE PRICE, NOT THE TAX PAYERS! LET THEM GO GET THE MONEY FROM THE BANKS! Oh yeah, the banks are in deep shit too! This has been caused by the DEREGULATORY policies brought on by raygunomics. These failed policies have given the ceo’s the idea that they don’t have to sensibly manage the companies they run. Anytime they screw up, they just run to good ‘ol Uncle Sam for a handout!

This is what happens when YOU believe the “get the government out of the way of business” BULLSHIT! YOU pay to fix the mess these unregulated/underregulated businesses make. Sensible increases in the federal mileage standards (CAFE) in the 80’s and 90’s would have solved this problem before it even happened, but the dirty dems and filthy repubs wouldn’t increase the cafe standards! YOU had to have that 10 MPG two ton death trap. You know the one, it’s sitting in YOUR driveway, cause now YOU can’t afford the gas to run it, and YOU can’t sell it, cause no one with half a brain will buy it!

I’ve had enough of this utter bullshit! There’s only a couple of things WE can do!




Support and vote for the only presidential candidate who has been warning us for decades that Detroit and washingtOOn have been mismanaging our transportation system and the rest of OUR economy!


The Telepathic Crickets™ on the ClapSotronics editorial board and I are pleased as punch that the ClapSotronics anti-stooge pie arsenal now numbers four!

Don’t forget to stop by our satirical sister blog:

The Intergalactic Times

The scientifically impossible I do right away

The spiritually miraculous takes a bit longer

~ by ClapSo on August 25, 2008.

One Response to “Failing US automakers seek $50 billion federal bailout…”

  1. Thats realy funny since the Hugesillo etc are offering “free gass” if you buy their suv or car…
    So that is getting passed allong…
    Their was a super general hatred for the suv after people seen it for what it is.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: