Why would we bail them out to the tune of tens of billions of dollars if we are just going to let them go bankrupt, which is what should have happened in the first place.
Isn’t it obvious, Wagoner probably didn’t give enough money to the Obama campaign, and this is pay back........ :)
So I guess that we the taxpayers just lost the billions we “invested” in the past months...? Oh well—I guess if any of these bozos had any skills they wouldn’t be in politics.
Because the current government motors plan went over so well ... If there is one thing the ACTING president does, he listens to the media and it’s a big thumbs down. Remember during the campaign, the creepy talk about the ACTING president watching the media report on what he had just read from his teleprompter?
Would you buy a car from Government Motors.
How does this benefit the UAW?
Follow the money, somehow, somewhere the union guys are the ones who will benefit from any decision coming from the Obama camp.
There it is. Socialized medicine is part of the answer. If GM didn't have to provide medical coverage...blah, blah, blah. The retort, obviously is, you shouldn't be allowed to retire on OPM (other people's money) at age 55.
How, in the name of all that is American, can this be justified as government business?
What does this zero know about anything?!
Finally, I agree with Mr. Soetoro... which makes me wonder what’s not being said...
I wonder how nine-percent-nancy is going to take this:
= = =
December 02, 2008
Pelosi: Bankruptcy Not An Option
WASHINGTON — House Speaker Nancy Pelosi said today that she expects the federal government to intervene in the domestic audo industry’s request for cash, whether through legislation or an executive loan.
“I believe that intervention will happen,” Pelosi said during an afternoon press briefing. “I think it’s pretty clear that bankruptcy is not an option.”
= = =
Source:http://www.realclearpolitics.com/politics_nation/2008/12/pelosi_bankruptcy_not_an_optio.html
Cash in on the golden parachute before that deal is wiped out in bk?
There is no way BO is going to screw the union people. This is a PR move. He won’t let the union contracts go down. No way. Just wait and see.
No $hit Barry. Most of the freepers figured this out quite a while back. Back when you said bankruptcy is not an option. Do what every other business in America do, when in trouble do a bankruptcy filing so you can re-work your union contracts, work out a settlement with your creditors etc...
http://www.redstate.com/blackhedd/2009/03/30/general-motors-hurtles-toward-bankruptcy/
General Motors Hurtles Toward Bankruptcy
And then there’s the UAW. They are in fact the beginning and the end of the government’s interest in General Motors. They will come out of this as the big winners. Never mind that the average automaker earns half again as much in wages and benefits as the average American. UAW boss Ron Gettelfinger, with CEO Obama at his side, will announce “deep, painful concessions” to be suffered by the union membership.
But don’t believe a word of it. The union will come out of this nearly untouched, with their exorbitant compensation packages basically intact, and minor changes in work and seniority rules. And you the taxpayers will be paying for every penny of this, because they won’t be earning all that pay in the market. GM in bankruptcy will force every one of its stakeholders to take major pain except the UAW membership.
Tax payers could have saved a bunch of billions, and been spared a lot of fascist bull, if we would have let this happen in the first place. When we needed to have a moratorium on capital gains taxes and corporate taxes, combined with energetic energy exploration and development, we got stimulus stupidity and Fascism. Our Hitleresque regime grows bolder each day, and America dies. Is this what the “hope” was all about?
I have a question for the Obama-bucks people: if they can’t find enough Democrats to staff Bilderberger-Turbo-Taxer Geithner, how in the world do they think they can staff all these companies that are going to be taken over by the feds.
I know. I know. Obama says he’s not taking over GM. He just so happened to demand a resignation. And that’s not “firing” the CEO? Obama can call it whatever he wants, but demanding someone’s resignation is the same as firing somebody.
I hope Waggoner writes his book just in time for the next election. There’s going to be one huge backlash come November 2010.
I also hope Waggoner heads up Obama’s re-election campaign. There will be hundreds of thousands who are going to be very interested in reading his book so I hope Waggoner gets to work on it right away. It ought to be a good one!
Wonder if any Democrat is going to give the money back to any of these outfits, including the unions, and AIG, and other biggies who donated to their campaign funds.
Talk about biting the hand that feeds you!
But, But, But.....They’re too big to fail!! Who will buy a car from a bankrupt company? We will lose millions of jobs!
For all of the “Republican” apologists for 0bama: I hope you enjoy your tax bill as much as I hope the left enjoys theirs.
Oh, and don’t mind the diminished liberty, at least you won’t be alone in your suffering by the time these guys are finished with us.
Keep saying: “It ain’t THAT bad.” or “We survived Clinton and Carter, we can survive 0bama.” if it makes your delusion easier to live with.
Americans, what will it take for you to see that these are dangerous people stripping you of your paycheck and your freedom?
How much more evidence do you need?
I know you’re not a dumb people. I know you’re not blind. But you certainly aren’t seeing the real danger presented by a socialist/communist government being raised up in broad daylight—in the Unites States of America!
Land of the FREE, home of the BRAVE. Remember that?
We’re neither free or brave at present.
What’s wrong with you? I just don’t get this.
Years from now you can think back on “What if we had done something to fight them back then?” or “What was I thinking?”
Then you can feign a smile to your grandchildren and swallow hard the thought that things might have been different for them, if only...