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Treasury to Ford: Drop Dead (The GMAC rescue plays favorites)
WSJ ^ | today | staff

Posted on 01/02/2009 7:47:32 PM PST by Ron Jeremy

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To: conservativeharleyguy
Let me help out... and no, the former VP does not "run" Cerberus... but is an important part.

Cerberus Capital Management, L.P. is one of the largest private equity investment firms in the United States. The firm is based in New York City, and run by 48-year-old financier Steve Feinberg. Former U.S. Vice President Dan Quayle has been a prominent Cerberus spokesperson and runs one of its international units.

21 posted on 01/02/2009 9:37:11 PM PST by TheBattman (Pray for our country....)
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To: Zeddicus

NO other president??? Hmmm... the massive social programs of the early part of the 20th century like the WPA don’t count? Those were a page directly out of the Communist play book.


22 posted on 01/02/2009 9:40:17 PM PST by TheBattman (Pray for our country....)
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To: Ron Jeremy

“Count the days until Jan 20th.”

I think you left off the year...2013. The day our new Republican President assumes the office.


23 posted on 01/02/2009 9:46:05 PM PST by Rembrandt
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To: SolidWood

War on Terror, tax cuts, judicial nominations.

Given the circumstances of the last eight years, I’ll take it.


24 posted on 01/02/2009 9:51:18 PM PST by Terpfen (Ain't over yet, folks. Those 2004 Senate gains are up for grabs in 2 years.)
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To: Capt_Hank
Chrysler & GM are using the bailout money to buy up firearm manufacturers?

Someone's found Granny's jar of mushroom moonshine, methinks.

25 posted on 01/02/2009 10:56:57 PM PST by 4woodenboats
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To: Ron Jeremy

http://www.detnews.com/apps/pbcs.dll/article?AID=/20090101/AUTO01/901010361/1148


26 posted on 01/02/2009 11:54:14 PM PST by ltc8k6
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To: Ron Jeremy

Me to UAW: Drop Dead.

I will never again purchase a vehicle manufactured in a UAW plant.


27 posted on 01/03/2009 3:31:08 AM PST by mike-zed
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To: 4woodenboats

Do a Google search of “Cerberus Capital firearms”. You will see they own Remington and Marlin and investing in others. Thank you....!


28 posted on 01/03/2009 3:33:45 AM PST by Capt_Hank (btu's...kcal's...to kJ's, but my activation energy is still high.)
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To: Terpfen
War on Terror, tax cuts, judicial nominations.

Cutting taxes without cutting spending (which is what actually happened) is not cutting taxes. It's postponing taxes. Harriet Miers?
29 posted on 01/03/2009 4:57:56 AM PST by wolf78
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To: TheBattman
No, let me help out. FWIW, I have no axe to grind w/Dan Quayle or anyone else associated with Cerberus, and I don't have a problem with what they appear to do. And to be fair to them, they don't actually “own” GMAC, they simply “hold GMAC’s equity”. I believe they have the same position with Chrysler, but I could be wrong.

I didn't say Dan Quayle “runs” Cerberus. I said he and others run Cerberus. As Director of International Operations, I would say he's probably a lot more involved in running the company than just some guy that “runs one of their international units” who also occasionally serves as a “Spokesman”.

I'm merely making the point that when any administration gives/loans billions of dollars to organizations that, at least on the surface, it appears to have many close ties to, it opens them up for all sorts of questions: Legitimate questions from taxpayers that are footing the bill. In politics, it doesn't have to be dirty, it just has to look dirty. If it was Clinton or Obama, this forum would be all over them.

The (very large) company I work for spends a lot of time and money ensuring that we avoid any hint or appearance of conflicts of interest with its shareholders' money. I just wish the government (all branches, and both parties) did the same with ours.

30 posted on 01/03/2009 7:36:03 AM PST by conservativeharleyguy (Democrats: Over 60 million fooled daily!)
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To: conservativeharleyguy

I wasn’t trying to argue with the core of what you posted. Just giving clarity to what might be easy to misunderstand from your post.

Oh - and Cerberus also owns Remington Arms...


31 posted on 01/03/2009 8:55:17 AM PST by TheBattman (Pray for our country....)
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To: rabscuttle385

Thanks for the ping.


32 posted on 01/03/2009 9:03:18 AM PST by GOPJ (GM's market value is a third of Bed, Bath and Beyond. Why is GM "too big to fail"? Steyn)
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To: wolf78

Taxes were not postponed, they were cut. There’s a thing called economic growth: tax cuts stimulate that. You need to ditch the mentality that government is owed money—”postponed taxes” my rear end.

Harriet Miers is not currently a member of any court. Samuel Alito is.


33 posted on 01/03/2009 12:17:45 PM PST by Terpfen (Ain't over yet, folks. Those 2004 Senate gains are up for grabs in 2 years.)
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To: TalBlack
“the political and economic elites seem to have lost their minds. They’re so afraid of a downturn that they’re destroying the foundations of the free market.”

My take is that the "elites" saw a chance at looting the taxpayer fantastically, unaccountably, and all under the guise of rescuing us and staving off economic Armageddon.

At least in Iceland, the jig is up, if the people get it and organize, they will replace their pols with extreme prejudice. Not a bad idea.

34 posted on 01/05/2009 4:46:36 PM PST by GregoryFul
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To: autumnraine

John Snow was George W. Bush’s Treasury Secretary, not George H. W. Bush’s.....


35 posted on 01/11/2009 9:20:47 PM PST by eraser2005
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