General Motors: Who should we blame?; Home Sales down 19%; Postal Service in Losing Money

Workers say Obama treated autos worse than Wall St
•Many assembly line autoworkers reacted with skepticism and anger Monday to Obamas decision to withhold cash for GM.
•Brian Fredline, president of UAW Local 602 said, "It's the age-old Wall Street vs. Main Street smackdown again,"
•*GM and the union deserve most of the blame. The union for demanding so much for so longer and making it difficult for GM to compete with foreign companies
•*GM for making giant cars and SUVs when they were warned to start making smaller vehicles.
•*Look, Im saying not that the government should be bailing out GM or the banks, but itll be interesting to see how tough Obama gets with the banks.
http://finance.yahoo.com/news/Workers-say-Obama-treated-apf-14789941.html

Postal service could run out of money in 09
•Postmaster General John Potter said that the agency lost $2.8 billion last year and is looking at much larger losses this year
•The post office had a $384 million loss in the first quarter of the fiscal year — October through December — which is usually the busiest period because of the holidays.
http://www.msnbc.msn.com/id/29877702/

Honda connects brain thoughts with robotics
•developed a way to read patterns of electric currents on a person's scalp as well as changes in cerebral blood flow when a person thinks about four simple movements - moving the right hand, moving the left hand, running and eating.
•Honda succeeded in analyzing thought patterns, and then relaying them as wireless commands for Asimo, its human-shaped robot.
•*I cant stop talking about robots
•*someday well be able to open a car door with just a thought.
•*This will be great for people who are disabled, and people who are really lazy.
http://apnews.myway.com/article/20090331/D978VQ482.html
Chicago Sun-Times Files For Bankruptcy
•Their rival, Tribune, is also in bankruptcy
•*if that isnt a sign of newspapers dying, I dont know what else.
http://cbs2chicago.com/business/sun.times.bankruptcy.2.972099.html

Home Prices in 20 U.S. Cities Fell by a Record 19% in January
•According to the S&P/Case-Shiller index
•Februarys decrease was more than forecast and even greater than the 18.6 percent decrease in December
•prices have plunged 29.1% nationally since they peaked during the second quarter of 2006
http://www.bloomberg.com/apps/news?pid=20601087&sid=amN9MrcX5IkY&refe...

Clinton Urges Aid for Afghanistan
•She told world leaders to not use the economic turmoil as an excuse not to help out in Afghanistan
•*maybe its just me, but the economic crisis seems like a great excuse to me.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aVA55C_2UpEY&refe...

Category:

News & Politics

Tags:

• UAW
• Local
• 602
• Brian
• Fredline
• Obama
• Wall
• Street
• Main
• GM
• tough
• banks
• Postal
• service
• money
• Honda
• connects
• brain
• thoughts
• with
• robotics
• Asimo
• Home
• Prices
• Clinton
• Urges
• Aid
• Afghanistan
• recession
• Flint
• Michigan
• Alaska
• bubba008009
• george4title
• FeverIAm
• UROUTofTIME
• visionvictory
• manoftruth
• supafaith
• AirelonTrading
• davincij15
• aravoth
• TLHMax
• SafeArmsReview
• Gerald
• Celente
• GeraldCelenteChannel
• financialhippie
• Steven6229
• thefordshowcom
• economic
• collapse
• depression
• Reggie
• Reginald

[UnitedStatesSheepDog]

make sure you do not get SABOT slugs for your shot gun, They are ONLY for RIFLES Barrels. Deer Barrels. But you alraedy new that:) You should stay with 4 shot or OO buck shot for home, I also get 4 and 6 for turkey and small game like rabbit and the like. But you allready knew that 2 :) nice ti see you getting ready, stay cool

[DEMCAD]

Yeah, the guy at the gun store warned me about the sabot slug

[ConstitutionSupportr]

If we are going to blame anyone lets start with the root cause. The Federal Reserve.

Illegally signed into existence in 1913 under president Woodrow Wilson (also the first president to refer to the U.S. as a democracy when in fact it is a Constitutional Republic)

Wilson later commented.

[1scubaman]

Our Government should NOT have bailed out anyone, that is not supposed to be there function. How is the shotgun working?

[tehatemachine]

@mrhonkee Not 100% it's actually mixed. But you are right part of the blame is on them. Another part is government interviening with businesses with bailouts ruining the profit/loss system. The only thing that would have saved them. Was to make a better product at that time. So naturally they should have failed.

[tehatemachine]

well maybe slavery could. Because it was HIGHLY unconstitutional. Fucking bastards overrode the constitution doing nothing until the civil war. Asshole politicians. Still screwing us over till this day.

[tehatemachine]

@ConstitutionSupportr yeah wilson was garbage. The Federal was the biggest mistake this country EVER had. The tortures of slavery cannot compare. 

[Mrvegasmax777]

Guys, the automaker's problems are a easy fix!! Here is the problem! The new 2000

XYZ car is out! Only 5 months later the New 2001XYZ comes out! the problem with that is this: They offer to buy the 2000's for $1.00 down 0% interest...what has happened they now show that same car as a assett or a account recievabile (when really they just gave it away to get off the lot) The other problem for anyone who owns or finiances a car value has been lost or stolen because the car wasn't a year old yet!

[isaivillegas]

fuckin' ape!!

[mrhonkee]

its plain and simple.....the united auto workers union is 100% to blame for the downfall of the american auto industry, their greed has finally caught up to them and it sucks because now we all have to suffer...........thanks you greedy bastards!!!!!!!

[08walt]

The government should bail out these industries to avoid a massive collapse of the American economy. But the bailout should be set in responsible terms to hold these industries accountable to the American tax-payers that are basically keeping these companies alive.

[habibali1986]

u have a big fucking nose XD

[Nihil2005]

I don't know why Union workers get/got about $55,000 a year plus benefits for just putting parts together. How about teachers getting $40,000 for doing a harder job. Union workers don't have to worry about students, their parents, grading papers, principals etc...

[XYCroMagnon]

Why GM Failed =

1. Union Demands

2. Management agreeing to Union Demands...

3. GM Management...

All in all = Good Video