Showing posts with label Nancy Pelosi. Show all posts
Showing posts with label Nancy Pelosi. Show all posts

Friday, November 7, 2008

Flat tires all around, and guess who's getting asked for a jack?

Well, I'm glad to see it's back to business as usual. Yesterday, the CEOs of General Motors, Ford, and Chrysler, along with the president of the United Auto Workers met with House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid to hold hands out for even more federal aid. General Motors, in a statement, said the effort was to help "the competitive U.S. auto industry contribute to our nation's economic revival." How very. It seems in recent months, the only competition the auto industry has had is seeing who can rack up bigger volumes of unsold (read low mileage) vehicles, due to the industry's inability to develop anything other than massive pick-ups and sport utility vehicles.

In addition to help in getting their mitts on federal bailout monies from the Treasury Department or the Federal Reserve, the auto industry is wanting $25 billion in federal loans, so they can pay future health care costs for retirees. Perfect. The industry makes a deal with the unions just over a year ago, and now they can't figure out how to pay for it. According to Rep. John Dingell (D-MI), the automakers will use the money to "invest in jobs and opportunities for American workers and American industry." Again, how very. General Motors, in particular, is burning through a billion dollars a month, and all of a sudden, they want two years of blow-through cash to invest in jobs and opportunities? Then why, I need to know, are Ford and GM planning job cuts, if they are getting ready to invest in jobs? Are these the same jobs the UAW helps price workers out of in a matter of years? Will Ford, GM, and Chrysler continue to operate in the exact same fashion, on the taxpayers' dime, or will they actually invest in fuel-efficient technologies and production capabilities to prevent these vehicles from costing $30 grand a piece?

If the new, stronger Democratic Congress and Senate wants to help the auto industry, then what they should do is wait the 100 days that GM says is so critical for the auto industry, see who is still standing, and then for clearer ideas of how exactly the bailout cash will be used for good. The last thing the American people need is the loss of these auto jobs, I grant you, but at the same stroke, not if it means coughing up bonus money for the ineffectual chief executives that helped steer the industry into the less-than-stellar shape they're in? Then again, we are talking about Nancy Pelosi, who never met a problem she couldn't throw a blank check at, so Lord only knows...

Monday, September 1, 2008

There's something in the air...(sniff)...oh, never mind, it's just the usual arrogance

An amazing irony- at the same time the GOP is planning, more or less, their love-in at the Xcel Energy Center in Minneapolis, Senate Republicans are monkey-wrenching renewal of key tax credits for investment in and production of alternative energy sources. At the same time, however, conservative Democrats in the House are in the midst of petulant hissy-fitting, vowing to block any extension that adds to the deficit.

Are you fucking kidding me? I haven't heard much in the way of protest over the tax credits being shoveled from the back of Capitol Hill's truck onto the lawns of the oil companies, nor have I heard much in the way of argument over House Democrats throwing the checkbook and a pen to President Bush every time the phrase "Iraq," or "terrorism" pops up, so the stance on the alternative energy tax credits smacks of the usual half-cocked arrogance we have come to expect from so-called politicians like Speaker of the House Nancy Pelosi, who thinks nothing of investing in alternative energy plans, like those proposed by T. Boone Pickens, while not even understanding basic principles, such as natural gas being a fossil fuel (on Meet the Press last week, Pelosi referred to natural gas as an alternative to fossil fuel)

This arrogance is ill-afforded, with not only loss of jobs and commerce hanging in the balance, but definable, if not clear-cut solutions to our nation's dependence on over-priced oil.