Saturday, December 6, 2008

Ten Questions for Opponents of the Auto Industry Loan

1. How far do you think stocks will fall if 2.5 million jobs are lost with three auto industry bankruptcies?

2. Why do you call the auto industry request a "bailout" instead of a loan?

3. What will be the cost of unemployment compensation, food stamps, Medicaid, and other forms of welfare for 2.5 million people on the jobless rolls?

4. How do you feel about having the Chinese, a communist country, own one of our auto companies?

5. Why do you persist in telling the lie that autoworkers make $74 an hour when the true wage is around $29 and the difference is mostly costs for hundreds of thousands of retirees?

6. What will be the impact on the Pension Benefits Guarantee Fund if one of the auto companies goes bankrupt and how much will the federal government have to kick in to keep its promise to "guarantee" pensions?

7. How did the heads of the nation's banks get to Washington for their Congressional testimony?

8. Would you buy a car from a bankrupt company?

9. Who will build the 1 million plug-in hybrids that President-elect Barack Obama has promised -- the Chinese?

10.Are you really trying to turn this recession into a depression?

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