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View Diary: UPDATED: GM to buy back ALL preferred stock from US govt + lots MORE Good News (228 comments)

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  •  Generally speaking, it was the right wing that... (5+ / 0-)

    ...was against the Detroit bailout, as well as some of the DINO's, including those DINO's here at DKos.

    Now, as far as GM paying back (and/or the government realizing a profit) what they owe taxpayers anytime soon, that's pretty much of a pipe dream, however.

    Much of GM's business development is occurring outside of the U.S. (especially in China) these days; so, it's nice to see a few bucks being invested in Michigan, even if the lion's share--by far--of U.S. auto industry investment is being in Asia and south of the border. (That's another story for another time.)

    The UAW is, IMHO, from a philosophical and historical standpoint, the most important labor union in this country. And, many/most of these jobs being created now are in the $14-$18 per hour range, far below levels prior to the economy's downturn.

    That being said, $14 per hour jobs are better than no jobs, at all. But, it's the UAW and the middle and lower classes footing the bill here.

    (Disclosure: Commenter was the Michigan press secretary in the Carter/Mondale re-election campaign, in 1980; and, he also acted as the campaign's in-state liaison to the UAW, at the time, where he worked on a daily basis with then-UAW President Owen Bieber.)

    "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

    by bobswern on Thu Oct 28, 2010 at 01:00:54 PM PDT

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    •  They weren't DINOs. A lot of posters who refer (3+ / 0-)
      Recommended by:
      Matt Z, Eclectablog, blueonyx

      to themselves as progressives were against the bailout. It is revisionism to suggest that the left was united in favor of bailing out the auto industry.

      President Obama at Madison Rally 9/28/2010 - "Change is not a spectator sport."

      by askew on Thu Oct 28, 2010 at 01:50:49 PM PDT

      [ Parent ]

    •  Exactly (2+ / 0-)
      Recommended by:
      satyrday, bobswern

      There was never a large movement to derail the auto bailouts here, especially among progressives. There were criticisms of their specifics, but that's not the same thing.

      P.S. I was two years young to have been able to help Carter win reelection in '80. We are still paying the price for that 3rd rate actor's being able to lie and charm his way to high office and pretty much destroy much of what had been built up in the 45 years before he became president. Easily the worst president since Hoover--until Bush II.

      A racist psychopath based policy on astrology charts and paranoid delusions.

      "Those who stand for nothing fall for anything...Mankind are forever destined to be the dupes of bold & cunning imposture" --Alexander Hamilton

      by kovie on Thu Oct 28, 2010 at 02:08:02 PM PDT

      [ Parent ]

      •  It was the same ones against... (2+ / 0-)
        Recommended by:
        askew, Eclectablog

        Cash For Clunkers...it is about the crowd that believes we should all give up our cars for the sake of global warming...

        Obama - Change I still believe in

        by dvogel001 on Thu Oct 28, 2010 at 02:41:32 PM PDT

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        •  Still not nearly a majority opinion here (1+ / 0-)
          Recommended by:
          dvogel001

          There were/are also those who say we shouldn't support Dems. I ignore them. You should too. They are a loud minority of functional trolls.

          "Those who stand for nothing fall for anything...Mankind are forever destined to be the dupes of bold & cunning imposture" --Alexander Hamilton

          by kovie on Thu Oct 28, 2010 at 06:06:56 PM PDT

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          •  It is really hard...they are really loud...n/t (1+ / 0-)
            Recommended by:
            kovie

            Obama - Change I still believe in

            by dvogel001 on Fri Oct 29, 2010 at 02:29:48 PM PDT

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            •  I have this problem with the apologists (0+ / 0-)

              Perhaps it's the side one leans towards--and obviously I lean more towards the critics than the apologists--that one finds easiest to tune out when they overreach.

              "Those who stand for nothing fall for anything...Mankind are forever destined to be the dupes of bold & cunning imposture" --Alexander Hamilton

              by kovie on Fri Oct 29, 2010 at 07:02:12 PM PDT

              [ Parent ]

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