Video Highlights of the Auto Hearings
Senator Dodd's opening remarks:
Senator Shelby's opening remarks:
Acting GAO head gives statement on government assistance of auto industry:
Protesters during the hearing:
- FILED UNDER: Finance, Autoworkers, Bailout, big three, Economic Crisis, GM, Hearings, Teamsters, unions, video highlights
- December 4, 2008








WAHHH!!!
Why cant you GIVE us money like the banks? We're too big to fail too!
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By blogbobDecember 4, 2008 - 11:18pmInhoff is outraged by the outrage...
And someone wants rice pilaf.
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By f u bush2December 5, 2008 - 1:08amWhile everyone in the Senate
and the House are posing for the camera trying to fake sincerity when they claim they want to know whose responsible for the pending collapse of our domestic auto industry, I have a few questions.
From here on out the words "lobbied to" and "bribed" are interchangeable.
Who bribed our government into anti-American, so-called "free trade" agreements that specifically had no domestic industry or labor protection provisions?
Who was bribed into entering our country into anti-American. so-called "free trade" agreements that specifically had no domestic industry or labor protection provisions?
Who bribed the government and coerced a particular industry into abandoning electric vehicles? Who was bribed into not writing legislation that created incentive to pursue alternative energy sources when it is clear that 700 billion a year in fossil fuel purchases from nations that harbor anti-American terrorists is clearly a bad idea?
Who was bribed into not writing legislation that provides tax incentives or refunds if Americans wanted to invest in new transportation technology or alternative energy technology such as solar panels on your home?
Who bribed our government into essentially repealing the Glass Steagal act? Who was bribed into repealing the Glass Steagall Act?
What did repealing the Glass Steagall Act and similar legislation result in? Let me refresh your memory. It allowed Wall Street slime to materialize junk trading materials called credit default swaps that had no assets or collateral to back them up and resulted in our pending depression and the freezing of our credit market.
Who was given ten times as much as the big three are requesting to unfreeze the credit market, but decided to hoard those tax dollars making credit unavailable to anyone that wants to purchase a car.
Why is it necessary to get a loan to purchase a car in this country in the first place? Why can't Americans just afford to buy cars without loans?
Who has entered our nation into ridiculous trade deficits and allowed the likes of China to run all over us when it comes to issues such as this?
Who has written anti-labor, pro-fascist legislation or entered into Anti-American crony trade deals that only benefit a few rich corporate assholes and pad the portfolios of the two-thirds of our Senate that are millionaires and the third of the House that are millionaires, that has resulted the decline or stagnation of the median annual income, loss of benefits, loss of millions of living wage manufacturing jobs, loss of retirement pensions and healthcare coverage?
Why is two-thirds of our Senate milllionaires when two-thirds of our population is not? Why is one-third of our House millionaires when one third of our population are not?
Why is America the only industrialized nation on this planet that subjects their citizens to a heartless, for-profit, your-on-your-own healthcare system?
Who provides themselves with tax-dollar supplemented, top-of-the-line healthcare and retirement pensions when they don't think regular Americans deserve these same things even when they actually work for a living?
What's the number one cause of bankruptcy in this country in 70% of those that had for-profit health insurance policies when their problem started?
After entering our country into trade agreements with no domestic industry or labor protections, who is now pointing the finger at the same unions these agreements were meant to break, blaming them for the pending domestic automobile industry collapse?
Who is partially responsible for nearly a 40% drop off in American automotive purchases because they are stringing out ridiculous grandstanding and raking a select industry over the coals in front of the CSPAN cameras while their rich banker counterparts got a free ride, the same rich banker counterparts that now refuse to part with our tax dollars to save our nation's economy?
These assholes in The House and Senate are fooling noone. Not only are they responsible, in combination with the corporate interests that bribed them, for ruining our economy by not protecting domestic industry from corporations that utilize overseas slave labor, but also but complicitly turning a blind eye to ridiculous Wall Street schemes that got our credit market in the shape that it is in, and are also responsible for the need for such a credit market in the first place by oppressing American incomes through these anti-American trade agreements.
Now that our government has hemmorrhaged 6 millions living wage manufacturing jobs to slave labor nations and left our citizens with the choice of working for Walmart or McDonalds, they want to turn around and blame the domestic auto industry for not taking advantage of legislated tax incentives to move their factories overseas? How dare the auto industry not maximize their stock value for the shareholders in The House and The Senate, right?
If you assholes want to point the finger in the right direction, this will require that each of you in the House and Senate purchase a mirror as well as a memo to remind yourselves to point the finger at your lobbyist buddies across the dinner table when you are enjoying that free 5 star quisine.
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By AntillectualDecember 5, 2008 - 7:41amWell said...
...those sanctimonious senators need to take a long look in the mirror. They've overseen this mess.
This isn't to excuse those auto execs by any means but congress had a hand in this....and we're going to pay the price.
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By SgtDDecember 5, 2008 - 9:46am