{"id":30876,"date":"2008-11-12T01:01:01","date_gmt":"2011-05-19T03:05:38","guid":{"rendered":""},"modified":"2011-05-19T03:05:38","modified_gmt":"2011-05-19T03:05:38","slug":"democrats_want_uaw_bailout3","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2008\/11\/12\/democrats_want_uaw_bailout3\/","title":{"rendered":"Democrats Want UAW Bailout"},"content":{"rendered":"
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RUSH: CNBC today had a video clip, a segment I should say, that deals with the auto industry since they\u2019re being talked about in terms of being bailed out. They had a chart and I got hold of it here. When you look at the chart, it\u2019s no wonder that General Motors and Ford and Chrysler are having financial problems. Their costs are 53% higher than Toyota and 132% higher than other manufacturing. The cost per hour to manufacture at the Big Three auto companies is $73.20, and that\u2019s total compensation per hour, selected workers, 2007-2008. At Toyota, it\u2019s $48 an hour, management and professional, $47.57, goods producing, $31.59. All workers, $28.48 an hour, average out all workers and it costs the Big Three auto companies $73.20 an hour, and a lot of this is they\u2019re paying people that no longer work for them, and these pensions and the unions — if we bail out the auto companies, let me ask you a quick question. <\/p>\n

If today all three auto companies received, what they were talking about, $25 or $50 billion, they divvy up, what change do you expect from these companies? What change would you expect? Well, there won\u2019t be any right off the bat. They\u2019ve already got $25 billion that has been pledged for retooling and rebuilding, but do you realize what\u2019s happened, the federal government and these executives, they are so strained with these union contracts. This is not a bailout of the Big Three, this is a bailout of the United Autoworkers Union. That\u2019s what this is all about, folks. It is a bailout of the United Autoworkers Union. It is a Democrat sop to Jennifer Granholm to make sure that her reputation doesn\u2019t get sullied \u2019cause she\u2019s already running a state in recession that she helped put there, along with her party. This is a bailout of the United Auto Workers and the union contracts and everything else that goes hand in hand here. The executives are in such trouble at these companies, they are promising everything. ‘Well, of course, we\u2019ll make all kinds of cars that get better mileage and we will limit executive pay, and we will end golden parachutes.\u2019 <\/p>\n

Liberal Democrats are infecting and perverting elements of the private sector and the free market private sector that I never dreamed would ever happen in my lifetime. We\u2019re bailing out unions, is what we\u2019re doing, and we\u2019re going to be bailing out credit card companies and whoever else. You wouldn\u2019t believe the number of lobbyists that are signing up to get their hands on the bailout money. Lobbyists for various companies are lobbying the Treasury department for their companies to get a percentage of the bailout. Why should it be any different with a bailout than it is any other pile of money? Congress sits there with a budget every year of three trillion bucks, lobbyists and everybody else. This is not against lobbyists, by the way, you\u2019re never going to get rid of them. I don\u2019t care what any politician says, you\u2019re never going to get rid of them, they do what they do. Most of them actually perform a service. At any rate, I don\u2019t want to get off on a tangent with that. But why did everybody expect purity and comity and seriousness when you throw a pile of $700 billion at people? <\/p>\n

Every year they get three trillion and everybody starts divvying that up, who\u2019s going to get that portion, lobbyists start lobbying Congress, ‘Oh, this group needs some money, we need to build a bridge out there.\u2019 Congressman and Senators do their own lobbying. So now we\u2019ve got the $700 billion bailout bill, which could not wait, it was a crisis, it was definitely this country\u2019s future, its very existence rested on this bailout being passed in 24 hours. And then as weeks went by before it was passed or a couple weeks, everything kept chugging along, people kept getting up and going at work, stores had food in them, gas stations had gasoline, but it was a crisis, and we had to deal with it, we had to deal with it immediately, otherwise the country would simply implode and cease to exist. But the country kept on working. So now the original purpose of the bailout has been broomed, the Treasury secretary says, nah, we\u2019re not going to buy up that bad paper. He begged banks to start lending today, and then he apologized to the world for the United States failing to meet its responsibilities and obligations and having contributed to the global financial collapse. <\/p>\n

Well, all that means is that all these little tinhorn dictators and every other hapless fool leader around the world is, ‘Okay, you take the blame for it? Fine, well we\u2019ve been irreparably harmed by your immoral behavior as a superpower. Where is my damage payment?\u2019 So we\u2019re going to have the world coming at us with their hands out. They already come at us now through the United Nations in stealth ways. Now they\u2019re just going to be open about it. Well, the Treasury secretary apologized. He said the United States is responsible for all this hell that\u2019s going globally and the financial markets and other areas of economics. He said the United States is to blame for it. So in the meantime we\u2019re going to bail out the United Auto Workers and we\u2019re going to bail out credit card companies and in the process the federal government, run by Democrats, are going to have their fingers in every business they can get them in, and they\u2019re not going to ever let go of it. <\/p>\n

And so they couldn\u2019t actually muster the votes for limits on executive pay. And some of you, by the way, may say, ‘Well, Rush, that\u2019s pretty good, that might actually help employees like management a little better. You know, there\u2019s a lot of resentment out there, Rush, \u2019cause these executives pay themselves all this money and the workers don\u2019t get very much at all.\u2019 Fine. Okay, so you\u2019re going to limit executive pay. The last time they tried this, it led to stock options. They\u2019ll find ways around this. There are always ways around this. But even if there aren\u2019t any ways around, even if executive pay is limited, it ain\u2019t going to make the workers any happier. Their paychecks aren\u2019t going to get any bigger. That\u2019s not the result. We\u2019re not going to have a trickle-down, if you will. So all these years we\u2019ve wanted to eliminate executive pay, now executives are going right along with it, and Nancy Pelosi and Barney Frank, these people are designing cars.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: CNBC today had a video clip, a segment I should say, that deals with the auto industry since they\u2019re being talked about in terms of being bailed out. They had a chart and I got hold of it here. When you look at the chart, it\u2019s no wonder that General Motors and Ford and […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\nDemocrats Want UAW Bailout - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/admin.rushlimbaugh.com\/daily\/2008\/11\/12\/democrats_want_uaw_bailout3\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Democrats Want UAW Bailout - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: CNBC today had a video clip, a segment I should say, that deals with the auto industry since they\u2019re being talked about in terms of being bailed out. 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