{"id":30914,"date":"2008-11-17T01:01:01","date_gmt":"2011-05-19T03:05:30","guid":{"rendered":""},"modified":"2011-05-19T03:05:30","modified_gmt":"2011-05-19T03:05:30","slug":"big_three_bailout_is_a_rescue_for_michigan_democrats_and_the_uaw","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2008\/11\/17\/big_three_bailout_is_a_rescue_for_michigan_democrats_and_the_uaw\/","title":{"rendered":"Big Three Bailout is a Rescue for Michigan Democrats and the UAW"},"content":{"rendered":"<section>\n<p>RUSH: You know, James Inhofe, the senator from Oklahoma, who is really carrying the water in the Republican Senate against global warming, came out the past three or four days and said, (paraphrasing) &#8216;I\u2019m looking at this bailout and the Treasury secretary, Paulson, hell, best I can tell, he may have given some of this money to his friends.\u2019 And I thought, hot damn. You remember when this all was going on, and Paulson was, &#8216;We\u2019re going to bail out Wall Street,\u2019 and remember, &#8216;We\u2019re going to buy up their toxic assets to make \u2019em whole,\u2019 which he now changed his mind on last Wednesday. And I remember saying to you people behind this very Golden EIB Microphone that what Paulson\u2019s doing is simply making sure that his buddies don\u2019t have to give up their homes in the Hamptons and move to Yonkers. And so here comes Inhofe saying, &#8216;I think he\u2019s just giving the money to his friends.\u2019 He can do whatever he wants with it. He has authoritarian-type power. He has been named the sole individual, whoever the Treasury secretary is, to provide for the economic welfare of the country and the American people. <\/p>\n<p>Now, this auto bailout, folks, is going to be fascinating to watch here, because as we learned, we have some southern senators &#8212; Jeff Sessions and Richard Shelby from Alabama, and Jim DeMint, South Carolina, who are saying, &#8216;We got a thriving automobile business where we live and we\u2019re making American cars.\u2019 Now, they\u2019re not Fords and Chryslers, they\u2019re BMWs, Mercedes, Hyundai, but they\u2019re American cars, and they\u2019re not in trouble in these guys\u2019 states. That\u2019s what they\u2019re saying. What are we talking about here? We\u2019re talking about the United Auto Workers, which gives practically every dime in political donations to one party. I don\u2019t think every United Auto Worker is a liberal Democrat. I know some of them are very conservative and they vote Republican. But their dues, all the money that they have to give to the union, vast majority of it goes to Democrats. And let\u2019s face it. Where are the Big Three? They are in Michigan, specifically Detroit and the surrounding environs. Who runs Michigan? Democrats. Democrats have run the state for years, not just Michigan, but Detroit as well. You\u2019ve got Jennifer Granholm up there, the governor, who has arguably made it worse. <\/p>\n<p>Rick Wagoner at General Motors said bankruptcy is not an option, it will not work, and he gives his reasons for it. But let\u2019s face it, you\u2019ve got three million United Auto Workers employees that if the businesses go south or out of work, that\u2019s three million Democrat voters. I don\u2019t think the Democrats want to risk angering three million union people and their thug bosses, not doing anything to save not just their jobs, but their retirement, their pensions, their welfare, and their health care. So this is going to happen. Even if the Bush administration says, &#8216;Nope, we\u2019re not doing it,\u2019 Obama will just say, &#8216;Okay, hang tough. Give me time to be inaugurated.\u2019 But we\u2019re hearing the same thing, folks, that we heard before the $700 billion bailout. We are hearing they can\u2019t make it \u2019til January. They can\u2019t make it \u2019til February. They can\u2019t make it, they don\u2019t have the cash. The Big Three can\u2019t make it. We have to do this now, just like we had to do the $700 billion bailout now, and they haven\u2019t doled out all the $700 billion. And, by the way, another bank, what is this, Lincoln Financial Services, they have now applied to become a savings and loan. They want to become an S&amp;amp;L because that will allow them to apply for money from the $700 billion bailout fund, Lincoln Financial Services. <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125109.Par.89380.ImageFile_579144d8912bb.jpg\" width=\"200\" height=\"134\" class=\"alignright\"\/>So what we\u2019re being asked as taxpayers, those of us who may not have all the health care we want, may not have a pension the way we wanted, may not have retirement benefits, we\u2019re being told that we can\u2019t let the auto industry suffer here, we can\u2019t let \u2019em go belly up. But what we\u2019re really being told is that we are going to bail out these employees, these auto workers and make sure their pensions are tight and their health care holds on and retirement and all that is maintained. And I just wonder, if it were positioned that way in explaining to people why this bailout must take place, &#8216;We gotta save Jennifer Granholm, we gotta save Michigan,\u2019 you might say, &#8216;But, Rush, but, Rush, but, Rush, the Democrats would love nothing more than for there to be three million unemployed people that vote Democrat, just turn \u2019em into wards of the state, welfare benefits,\u2019 and I don\u2019t think so in this case. Three million is a big number. The Democrats don\u2019t want that on them. They don\u2019t want the fact that the auto industry went down, they don\u2019t want the fact that three million people are unemployed because they failed to act. <\/p>\n<p>They run Congress now. I mean, at this moment, they don\u2019t have the 60 votes, but you get into January-February, and it\u2019s theirs. Nobody can stop them. They can do whatever they want to do. And if they don\u2019t do something to bail out the circumstances and keep these people employed, they don\u2019t want to deal with the flak that they\u2019re going to get for that. So this is going to happen. You heard it here first. It may not happen until Obama gets into office. But it\u2019s going to happen. How can it not? How can it not happen? Somebody explain to me how this can not happen. You can have as much public outcry against it as you had against the Dubai Ports deal or amnesty, it\u2019s still going to happen. It is still going to happen and the theory will be that, well, people will forget about this in two years for the midterms, they\u2019ll forget about it in four years for the next presidential election. I went back and I found a story from a place that archives news stories, and this story happens to be from October 10th of 2007, 13 months ago. And here is a pull quote from this story. The quote is attributed here to a man named Daniel Brooks, who is a professor of supply chain management at the W.P. Carey School, and he was asked to look at the United Auto Workers contract a year ago, 13 months ago from a broad perspective of risk, and they wanted his comment in the story. <\/p>\n<p>Here\u2019s what he said. &#8216;The union targeted GM &#8211;&#8216; now, remember, this was a union contract that featured basically job training, and as the assembly line modernized, it was job training for union workers, but, of course, the modernization eliminated some work, but did not eliminate the jobs. And the union specifically targeted General Motors to get this aspect of a new contract for all three eventually of the Big Three, and here is what Daniel Brooks said in his analysis, 13 months ago. &#8216;The union targeted GM because they have some cash. On the other hand, GM also famously spends over $1,600 per vehicle on the healthcare costs of current and retired US workers while Toyota pays about $200 per vehicle. Although GM also pays about another $1,000 per vehicle on holiday pay, work rules, plant-shutdown-pay and line-relief to UAW workers &#8212; expenses Toyota, for example, does not have &#8212; these costs were not as much the focus of these negotiations,\u2019 because the irony here is that the UAW targeted GM for this new contract because they had the cash. Do they have the cash now? We found out that they\u2019re going through billions every quarter, six billion, four billion, whatever it was. <\/p>\n<p>So it\u2019s not just that there\u2019s $1,600 per GM car for health care, for current and retired auto works. There\u2019s another $1,000 per vehicle for holiday pay, work rules, plant-shutdown-pay and line-relief. So $2,600 per car coming out of General Motors that Toyota does not have to spend. So that leads to the figure that we shared with you last Wednesday, the hourly cost of doing business at General Motors is $73 bucks and some change. At Toyota it\u2019s in the forties, or maybe even less than that. But nobody\u2019s even close to General Motors\u2019 70, 71. Now, you might say, &#8216;But, Rush &#8211;&#8216; and certainly if you\u2019re an autoworker, you might say that the company agreed to this. I mean, they made the deal. It\u2019s up to them to honor it. Yes, they made the deal. They\u2019re telling us they don\u2019t have any money and their balance sheet looks like they don\u2019t have any money. Now, they did make the deal. Did they have a gun to their heads? Were they told, &#8216;We\u2019re going to strike and put you out of business?\u2019 Who knows what goes on behind closed doors at these negotiations. But if they had the money back then, they had the money, but they don\u2019t now. <\/p>\n<p>So if you don\u2019t have the money, how do you fulfill the promise on making good these payments to retirees? I can understand paying health care for your current employees, but the deals that were made for never-ending health care, retirement, pension, and all this on retired workers who are no longer productive, that just economically will not work. It just cannot work. You just can\u2019t pay that many people who are not producing anything for you. I mean, the bill has to be paid at some point, kill the golden goose, the whole thing. Now, the only way for the commitment to be made apparently is for a bailout, $25, $50 billion. And you have to ask yourself, let\u2019s say they\u2019ve got the bailout tomorrow, and, by the way, it\u2019s going back and forth between 25 and 50. Already got $25 billion to retool and modernize plants and that sort of thing. So we\u2019re talking about an additional $25 to $50 billion on top of that. Tell me how the US auto industry is fixed, quote, unquote, transformed, whatever is wrong with it, how does that get fixed with the infusion of $50 or $25 billion in the next six months, year. I mean, if you\u2019re going to throw money at this, there has to be something you get in return and don\u2019t tell me, well, if they come back to profit the American taxpayers will benefit. That\u2019s the biggest scam in this whole mess. The government may prosper. It doesn\u2019t mean we are. <\/p>\n<p>Our taxes aren\u2019t going to get cut if General Motors repays these loans. Our taxes didn\u2019t get cut when Chrysler paid its loans back. And that\u2019s the only way it pays off for the taxpayers. Don\u2019t tell me that the taxpayers benefit because the government gets so much money they can start a new social program that\u2019s going to put us in the red somewhere down the line. That\u2019s just another one of these insulting to your intelligence kind of statements. But I\u2019ll also tell you this. It isn\u2019t enough that the General Motors executives and the Ford execs and the Chrysler execs will agree to limit pay for executives. That isn\u2019t going to make cars any different. They\u2019re going to limit golden parachutes. They\u2019re going to do all these things that the class envy crowd cares about, fine and dandy. It isn\u2019t going to make the cars that they produce any better. So just more class envy stuff. And these execs right now are at wits\u2019 end, saying they\u2019ll agree to all these new restrictions on how much they can make, golden parachutes, this sort of thing. It\u2019s sort of like people are happy when the rich get a tax increase. Yeah, yeah, yeah. Does their life change any? Arguably it probably gets worse the more taxes the rich people pay in this country, depending, of course, on how you define rich. <\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p>RUSH: This is Mary Ellen in Endicott, New York. Nice to have you on the EIB Network. Hello.<\/p>\n<p>CALLER: Oh, my God, Rush, I can\u2019t believe I\u2019m talking to you.<\/p>\n<p>RUSH: Well, I know it\u2019s exciting and I\u2019m thrilled that you\u2019re here.<\/p>\n<p>CALLER: Hey, how was your golf game? How\u2019d you hit \u2019em?<\/p>\n<p>RUSH: Oh. You know, the first day &#8212; I hadn\u2019t played in many, many moons because &#8212;<\/p>\n<p>CALLER: That\u2019s hard, too.<\/p>\n<p>RUSH: &#8212; I had been devoting my full energies to saving the country during the campaign. So the first day, the whole day, when you haven\u2019t played in a while and you go out and play, I shot an 82.<\/p>\n<p>CALLER: Wow, that\u2019s good!<\/p>\n<p>RUSH: It was, and the guy I\u2019m with, we had a little side bet in addition to the three foursomes that we had, and I\u2019m taking him to the cleaners. And I said, &#8216;Don\u2019t worry about it, pal, I\u2019m going to be horrible tomorrow.\u2019 What happens is you play well the first day after a long layoff, next day worse, next day worse. And it\u2019s what happened. I got some blisters that I had to cover up with Tiger Woods white duct tape and had to wear a glove on my right hand and that kind of got in my way on Friday and Saturday sorta came back.<\/p>\n<p>CALLER: Ooh, you got a tight grip.<\/p>\n<p>RUSH: Yesterday another 82. <\/p>\n<p>CALLER: No duh!<\/p>\n<p>RUSH: Yeah.<\/p>\n<p>CALLER: I\u2019m shooting like 86.<\/p>\n<p>RUSH: Good for you. What tees?<\/p>\n<p>CALLER: Oh, reds. But I play a real professional course.<\/p>\n<p>RUSH: Yeah, uh-huh.<\/p>\n<p>CALLER: And it\u2019s really hard and I\u2019ve had to tell you I\u2019ve had more men quit because I\u2019m beating them than you can shake a stick at.<\/p>\n<p>RUSH: Oh man, if you were beating me I\u2019d never quit.<\/p>\n<p>CALLER: I don\u2019t. I\u2019ve had many of them stop playing with me, just pack up.<\/p>\n<p>RUSH: That\u2019s not where they\u2019re stopping. I mean you got some chauvinists out there, but that\u2019s not where they\u2019re stopping. Anyway, we\u2019re running out of time here, Mary Ellen. What was it that you wanted to know? <\/p>\n<p>CALLER: Well, I just wonder how many cars do they expect us to buy? They put out a lot of cars &#8212;<\/p>\n<p>RUSH: You think we\u2019re making too many cars? We\u2019re glutting the market with new cars?<\/p>\n<p>CALLER: I think so. I mean I bought a Dodge Intrepid, had 53,000 miles on it and the tranny went. I gave it to the guy that was going to fix it.<\/p>\n<p>RUSH: She said she bought a General Motors &#8212;<\/p>\n<p>CALLER: Brand-new, 1998 &#8212;<\/p>\n<p>RUSH: No, she didn\u2019t say Dodge, I heard her say General Motors. She bought a General Motors &#8212; oh, no. No, no, no. It was a Dodge, the transmission went out at 53,000 &#8212; oh, yeah, of course it was a Dodge.<\/p>\n<p>CALLER: Yeah.<\/p>\n<p>RUSH: Of course it was a Dodge.<\/p>\n<p>CALLER: So my theory is that they make cars that really don\u2019t last, it costs a fortune. <\/p>\n<p>RUSH: No, that used to be the case. They\u2019d make a car that would expire as soon as you\u2019d paid it off.<\/p>\n<p>CALLER: Yes.<\/p>\n<p>RUSH: But they last longer than that now. They really, really have improved, but I know exactly what you\u2019re talking about. It\u2019s a cycle. You know, new cars, you can go by some lots today and you\u2019ll find a lot of full lots, used car lots as well. But they make \u2019em to market demand. They do. It\u2019s a fascinating complicated business, obviously. Mary Ellen, I have to run.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: You know, James Inhofe, the senator from Oklahoma, who is really carrying the water in the Republican Senate against global warming, came out the past three or four days and said, (paraphrasing) &#8216;I\u2019m looking at this bailout and the Treasury secretary, Paulson, hell, best I can tell, he may have given some of this [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-30914","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Big Three Bailout is a Rescue for Michigan Democrats and the UAW - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/11\/17\/big_three_bailout_is_a_rescue_for_michigan_democrats_and_the_uaw\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Big Three Bailout is a Rescue for Michigan Democrats and the UAW - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: You know, James Inhofe, the senator from Oklahoma, who is really carrying the water in the Republican Senate against global warming, came out the past three or four days and said, (paraphrasing) &#8216;I\u2019m looking at this bailout and the Treasury secretary, Paulson, hell, best I can tell, he may have given some of this [&hellip;]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125109.Par.89380.ImageFile_579144d8912bb.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/11\/17\/big_three_bailout_is_a_rescue_for_michigan_democrats_and_the_uaw\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/11\/17\/big_three_bailout_is_a_rescue_for_michigan_democrats_and_the_uaw\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"headline\":\"Big Three Bailout is a Rescue for Michigan Democrats and the UAW\",\"datePublished\":\"2011-05-19T03:05:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/11\/17\/big_three_bailout_is_a_rescue_for_michigan_democrats_and_the_uaw\/\"},\"wordCount\":2704,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/11\/17\/big_three_bailout_is_a_rescue_for_michigan_democrats_and_the_uaw\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125109.Par.89380.ImageFile_579144d8912bb.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/11\/17\/big_three_bailout_is_a_rescue_for_michigan_democrats_and_the_uaw\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/11\/17\/big_three_bailout_is_a_rescue_for_michigan_democrats_and_the_uaw\/\",\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/11\/17\/big_three_bailout_is_a_rescue_for_michigan_democrats_and_the_uaw\/\",\"name\":\"Big Three Bailout is a Rescue for Michigan Democrats and the UAW - 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