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Old May 2nd, 2009, 01:16 PM   #1
reddeviltj
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From: Senator Debbie Stabenow <senator@stabenow.senate.gov>
Subject: Chrysler Announcement

Date: Thursday, April 30, 2009, 4:14 PM


U.S. Senator Debbie Stabenow (D-MI) today made the following statement regarding the President's announcement concerning Chrysler:



"Like families and workers across Michigan, I am disheartened by today's news. It's outrageous that after workers, management, and a majority of bondholders came to the table and negotiated in good faith, a small number of hedge funds and creditors refused to compromise and now Chrysler is forced to declare Chapter 11 bankruptcy.



"I am confident that Chrysler will emerge from bankruptcy, with its strategic partner Fiat, as a revitalized, viable company. Also, I am gratified that the deal announced today will protect the health care and pension benefits of our auto workers and retirees. Yet, we understand that there will be more pain to come for people in Michigan. The White House has committed to helping workers who lose their jobs and the communities that are affected. I am focused on working with the President to bring tangible assistance that those families and communities need to survive this turmoil. And I will fight to keep as many jobs in Michigan as possible and preserve our communities.



"For those on Capitol Hill and Wall Street who don't seem to understand what this crisis is all about, I'm here to tell them that it's about people. It's about families. It's about communities and jobs. This is about saving our manufacturing base. I understand that we're fighting to preserve our way of life in Michigan, advance the middle-class in America, and rebuild the backbone of our economy.



"The global economic crisis has demonstrated that we must build things in America. I will work every day to make that happen and create jobs here at home." - U.S. Senator Debbie Stabenow
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Old May 2nd, 2009, 01:22 PM   #2
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hmmmm.
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Old May 2nd, 2009, 01:44 PM   #3
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I think we are hosed in Michigan until we find an economic base that is not related to the automotive industry. How abut tours of the homeless?
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Old May 2nd, 2009, 01:56 PM   #4
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I am disturbed by the bankruptcy of Chrysler and the potential bankruptcy of GM. Seeing the government stack the deck in their favor while proclaiming they don't want to own/run an automotive company makes my stomach churn.

The idea that the bondholders are bad when they supposedly hold secure credit and are working in their best interest to get at least as fair of a shake as the UAW (an unsecured creditor) goes against the corporate laws of this country. It seems that the President (and not surprisingly) Stabenow are using the media rather than the courts to try and complete the bankruptcies, and to do so with their personal interests in mind rather than letting the courts do their jobs.

I hope for the best for Chrysler, and I have a vested interest in seeing GM make it through, but the governments tactics make me ill.
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Old May 2nd, 2009, 02:26 PM   #5
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But Obama said we are all gonna get green energy jobs.
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Old May 2nd, 2009, 10:50 PM   #6
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stabenow is flipping in hopes to save her career by evidence this is the first intelligent thing she's ever said
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Old May 3rd, 2009, 07:15 PM   #7
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Quote:
Originally Posted by ovrlnd View Post
stabenow is flipping in hopes to save her career by evidence this is the first intelligent thing she's ever said
That, and finding more discreet whores for her husband.
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Old May 3rd, 2009, 07:50 PM   #8
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Quote:
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That, and finding more discreet whores for her husband.
no kidding.
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Old May 3rd, 2009, 08:45 PM   #9
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That, and finding more discreet whores for her husband.
ftw
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Old May 3rd, 2009, 09:27 PM   #10
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start learning the official language of india so you can go there and get a job.
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Old May 3rd, 2009, 09:32 PM   #11
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start learning the official language of india so you can go there and get a job.
Broken english?

Ello, tankque for kulling Dell tech soport.
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