Comments on: Mo’ Money http://www.bearmountainbull.com/home/mo-money-021409/ Musings on the markets for the individual investor Sun, 21 Mar 2010 15:53:57 -0700 http://wordpress.org/?v=2.9.1 hourly 1 By: Fred http://www.bearmountainbull.com/home/mo-money-021409/comment-page-1/#comment-12713 Fred Sun, 15 Feb 2009 18:59:05 +0000 http://www.bearmountainbull.com/?p=9435#comment-12713 Late breaking news: Las Vegas service worker union members are worried that their jobs are at risk because of Obama's grandstanding town meeting "Don't go to Vegas" remarks directed at greedy bankers et. al. Some Vegas convention meetings have already been cancelled and I expect more will simply never be scheduled. And the wheels of the bus go bump bump bump. Late breaking news: Las Vegas service worker union members are worried that their jobs are at risk because of Obama’s grandstanding town meeting “Don’t go to Vegas” remarks directed at greedy bankers et. al. Some Vegas convention meetings have already been cancelled and I expect more will simply never be scheduled. And the wheels of the bus go bump bump bump.

]]> By: BMB http://www.bearmountainbull.com/home/mo-money-021409/comment-page-1/#comment-12712 BMB Sun, 15 Feb 2009 17:21:29 +0000 http://www.bearmountainbull.com/?p=9435#comment-12712 Fred, how do we know that? Obama is pretty much an unknown quantity -- and I doubt that he's going to play Reagan vs. PATCO. Fred, how do we know that? Obama is pretty much an unknown quantity — and I doubt that he’s going to play Reagan vs. PATCO.

]]> By: Fred http://www.bearmountainbull.com/home/mo-money-021409/comment-page-1/#comment-12710 Fred Sun, 15 Feb 2009 17:04:54 +0000 http://www.bearmountainbull.com/?p=9435#comment-12710 I'm betting we'll see entire unions thrown under the bus. That is the way Obama works. I’m betting we’ll see entire unions thrown under the bus. That is the way Obama works.

]]> By: BMB http://www.bearmountainbull.com/home/mo-money-021409/comment-page-1/#comment-12709 BMB Sun, 15 Feb 2009 17:02:29 +0000 http://www.bearmountainbull.com/?p=9435#comment-12709 Maybe I'm wrong, but it looks to me like the unions have the most to lose at this point, so they should probably be a little careful. If they stick their necks out too far, they just might get their heads chopped off. But that's not the union way, and like Maria says, they probably feel they've got some leverage with a Democrat White House and Congress. We'll see how it works out. Maybe I’m wrong, but it looks to me like the unions have the most to lose at this point, so they should probably be a little careful. If they stick their necks out too far, they just might get their heads chopped off. But that’s not the union way, and like Maria says, they probably feel they’ve got some leverage with a Democrat White House and Congress.

We’ll see how it works out.

]]> By: Maria http://www.bearmountainbull.com/home/mo-money-021409/comment-page-1/#comment-12708 Maria Sun, 15 Feb 2009 17:00:57 +0000 http://www.bearmountainbull.com/?p=9435#comment-12708 He makes a good logical case--but he's forgetting one important thing. The democrats are union people. The union works hard to get dems in office. I'm betting the unions are thinking it's payback time. I'm guessing they fully expect Obama and Congress to hand money over and let the game continue. You don't walk out on talks without even pretending to try unless you think the money is in the bag. Logically congress, etc should force chapter 11--should have done it months ago. But this is politics. The unions fully believe they have the upper hand and sadly, they probably do. He makes a good logical case–but he’s forgetting one important thing. The democrats are union people. The union works hard to get dems in office. I’m betting the unions are thinking it’s payback time. I’m guessing they fully expect Obama and Congress to hand money over and let the game continue. You don’t walk out on talks without even pretending to try unless you think the money is in the bag.

Logically congress, etc should force chapter 11–should have done it months ago. But this is politics. The unions fully believe they have the upper hand and sadly, they probably do.

]]> By: EDN http://www.bearmountainbull.com/home/mo-money-021409/comment-page-1/#comment-12707 EDN Sun, 15 Feb 2009 16:28:06 +0000 http://www.bearmountainbull.com/?p=9435#comment-12707 Denninger makes a good case that Gettlefinger is making a big mistake that is going to cost his people dearly: http://market-ticker.denninger.net/archives/798-GM-Go-Boom.html Denninger makes a good case that Gettlefinger is making a big mistake that is going to cost his people dearly:

http://market-ticker.denninger.net/archives/798-GM-Go-Boom.html

]]> By: Maria http://www.bearmountainbull.com/home/mo-money-021409/comment-page-1/#comment-12706 Maria Sun, 15 Feb 2009 14:35:52 +0000 http://www.bearmountainbull.com/?p=9435#comment-12706 Plain and simple extortion. So let them file. It's pretty obvious we can't support 3 car makers in this country anymore. From the articles I've read it seems to me that when they couldn't get the union to deal, they decided the money had to come from the government. They certainly didn't try very hard and the unions have no intention of making more concessions. And why should they when our government is talking about handing out house payments for those that can't make them?? Why not pick up the tab for salaries, health insurance, death insurance, etc for the car people? This is a mess. Bush should never have considered those loans in the first place. I'm guessing the car makers figure it will be even easier this time around. Nationalized car makers. Plain and simple extortion. So let them file. It’s pretty obvious we can’t support 3 car makers in this country anymore. From the articles I’ve read it seems to me that when they couldn’t get the union to deal, they decided the money had to come from the government. They certainly didn’t try very hard and the unions have no intention of making more concessions. And why should they when our government is talking about handing out house payments for those that can’t make them?? Why not pick up the tab for salaries, health insurance, death insurance, etc for the car people?

This is a mess. Bush should never have considered those loans in the first place. I’m guessing the car makers figure it will be even easier this time around.

Nationalized car makers.

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