From early 2009, Ron Wilson and Bill Woods will switch seats at the Ten news desk
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From early 2009, Ron Wilson and Bill Woods will switch seats at the Ten news desk
We went to Kamakura two weeks ago, it's like sushi and that whole cook-in-front-of-you deal ... Craig (Wilson) forgot his wallet, so I said I would pay for him, but he took that as, 'Oh, I can get whatever I want,' and when the bill comes, I ended up paying about 90 bucks.
Of the eighteen twentieth-century American presidents ... only four currently have claims on great or near-great leadership: Theodore Roosevelt, Woodrow Wilson, Franklin Roosevelt and Harry Truman. Perhaps in time Ronald Reagan and Bill Clinton may join this elite group, but at this juncture such a judgment is premature.
The American people owe a debt of gratitude to Senators Ensign, Coburn, DeMint, Vitter and Shelby for their courageous, principled stand. Any Senator who votes for this bailout will have to answer to their constituents and history for their destructive action
The real question everyone should be asking is, 'Who is going to want to invest in a company that has to beg the government for loans that cannot be paid back every few months just to keep up its excessive operations?' If these companies really are in that much trouble, then bankruptcy is their only option
Anything else that is being put forth by the companies or by Congress is just spin to mask this truth
The Senators shilling for this bailout will stop at nothing to prevent normal Chapter 11 proceedings from occurring, because then the labor contracts would have to be reopened, management might be fired, etc.
Everything that Congress says it is attempting to do, to create a deal to reorganize these companies, to return them to profitability, is precisely the purpose of Chapter 11 bankruptcy protection. The $15 billion bailout is just a reason not to go into Chapter 11. In fact, the real intention is to perpetuate bad management and Big Labor excesses at taxpayer expense
The American taxpayer cannot and must not be forced to perpetuate the mismanagement of the Big Three by financing failure. There is no excuse for putting taxpayers on the hook for keeping failed companies afloat that could much better be reorganized under normal Chapter 11 bankruptcy