automotive industry

You can view this video right here by getting the latest version of Flash Player!
DOWNLOADS: (898)
Download WMV Download Quicktime
PLAYS: (3563)
Play WMV Play Quicktime

Ed Schultz held no punches back when he went after Hugh Hewitt's idiotic call for a national boycott of all GM and Chrysler cars because he calls them "socialist companies."

A pair of right-wing radio hosts says there's only one choice for conservatives angry about government involvement in the auto industry: Boycott GM. "Nobody wants to support an Obama company," Rush Limbaugh told his audience Friday, citing a poll showing that 17 percent of Americans backed a boycott of GM.

"Every dollar spent with GM is a dollar spent against free enterprise," conservative talker Hugh Hewitt wrote online last week.
"While it's not surprising that Rush Limbaugh would root for the failure of a national institution for partisan political gain, it is surprising that the other so-called leaders of the Republican party are silently going along with him given how many hard working Americans rely on GM for a living," said DNC spokesman Hari Sevugan.

So far, there is little evidence that the government's involvement is turning off buyers. In bankruptcy for the entire month of May, Chrysler had its best sales month of the year.

Ed hits the Grassley nail on the head. Why are Hugh Hewitt and Rush Limbaugh trying to destroy the American automotive industry? What about the families that need these jobs to survive? Will Hewitt and Limbaugh support all the families this child like boycott could affect?
Schultz is calling for a boycott of the Salem radio network.

Ed: Conservatives, are you out of your mind? Do you know how many Americans have lost their jobs in manufacturing? Do you know how many American families are being affected, their livelihoods are being drilled because of this recession and what do they do, they push back on the American families that are doing the absolute best they can to build a great product...
What do you say we just kick the American worker in the teeth. What do you say we just give all the money to Wall Street. Let's just take their health care, let's take their education, let's take their jobs. Let's just genuflect to the Hugh Hewitts of the world.

We know where Hewitt's heart resides. His love of CEOs and fat cats that prey on the working class to finance their palaces. And the media slobbers over Hewitt every time he writes a mindless book, but we never see a liberal on TV who releases one. Where's Will Bunch, where's Eric Boehlert, where's David Neiwert? All three have excellent books just release, but they are almost no where to be found on cable news. Why the silence of liberals? Anyway, it was good that Ed kicked Hugh in the head today.







You can view this video right here by getting the latest version of Flash Player!
DOWNLOADS: (79)
Download WMV Download Quicktime
PLAYS: (253)
Play WMV Play Quicktime

Keith quotes Nate Silver's latest debunking of the right wing talking point that the Democrats are out to destroy the Republican owners of car dealerships. He also takes Rep. Vern Buchanan to task for voting against the stimulus package and then complaining that the United States is "supposed to be in the business of creating jobs, and not killing jobs".

As Keith said....WTF???

Note to faux outraged Republicans...what Nate said...

News Flash: Car Dealers are Republicans (It's Called a Control Group, People) :

A meme that is currently picking up traction in the conservative blogosphere is that the list of dealerships to be shuttered as a result of Chrysler's bankruptcy contains a disproportionate number donors to Republican candidates. There have been furious efforts to prove this contention by looking up campaign contributor lists at the Huffington Post, Open Secrets, and other places.There is just one problem with this theory. Nobody has bothered to look up data for the control group: the list of dealerships which aren't being closed. It turns out that all car dealers are, in fact, overwhelmingly more likely to donate to Republicans than to Democrats -- not just those who are having their doors closed.


Toyota Expects First Operating Loss in 70 Years

So it isn't just poorly-made American cars that are feeling the pinch:

TOKYO — Toyota Motor will lose money in its core automaking business for the first time in 70 years this fiscal year, the company said Monday, in a sign of how the global economic crisis is hurting even the mightiest carmakers.

The Japanese auto giant, which has been neck and neck with General Motors to be the world’s largest vehicle-maker, said it still expects to eke out a narrow group net profit for the year, which ends March 31, 2009.

But the company, which just a few months ago appeared to be riding above the ills that have crippled Detroit, said it has seen plunging sales not only in North America but even in emerging markets, which initially seemed to be immune to the United States malaise.

“The change in the world economy is of a magnitude that comes once every hundred years,” Toyota’s president, Katsuaki Watanabe, told a press conference in Nagoya, Japan, near the company’s Toyota City headquarters. Sales last month dropped “far faster, wider and deeper than expected.”