AFSCME 3357-HOF'S BLOG

Pelosi on Thursday - "Important Changes" on Friday

Something is up. According to an Associated Press wire story, GM and Ford are planning on releasing their 3rd quarter financial statements on Friday. Executives from the Detroit Three and the UAW are scheduled to meet with Speaker of the House, Nancy Pelosi tomorrow. GM told its employees to be ready for an announcement of "important changes" to be disclosed over GM's internal television network at 11:00 AM, Friday. General Motors routinely announces bad news on Fridays, but generally after US stock trading hours.

The Detroit-3 want the $25 billion that Congress authorized for retooling for high-efficiency vehicles, and they want it now, and with no strings attached. Apparently, they also want at least another $25 billion on top of that.

I'm reminded of my favorite quote from The Drew Carey Show. "It's like the doctor said the day you were born: it's gonna get ugly."