Skip to comments.
GM BANKRUPTCY PLAN CALLS FOR QUICK SALE TO GOV'T
Reuters Via Drudge Report ^
| 05/19/2009
| Chelsea Emery and Tom Hals
Posted on 05/19/2009 12:29:20 PM PDT by autumnraine
Edited on 05/19/2009 2:07:32 PM PDT by Admin Moderator.
[history]
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-60, 61-80 ... 281-288 next last
To: TaxMe
I have always bought GM cars in the past but will no longer do so. I suspect there are a lot of people who feel the way we do.Same here. I was looking for another GM pickup since the hail destroyed mine, but will go with something else.
41
posted on
05/19/2009 12:45:44 PM PDT
by
Arrowhead1952
(It took almost 250 years to make the USA great and 30 days for "The Failure" BO to tear it down.)
To: Sleeping Freeper
“Just wait until the end of Obamas second term.... well be worse off than Venezuela...”
Oh, easily. At least Venezuela is smart enough to keep producing oil. The government and the environmentalists don’t want us to do that here.
42
posted on
05/19/2009 12:46:11 PM PDT
by
popdonnelly
(The greatest crimes in history have been perpetrated by governments. You've been warned.)
To: autumnraine
So now GM is being broken up and sold to the government. So if we didn’t pass 0bama’s stimulus package in order to save GM, what would have been different?
43
posted on
05/19/2009 12:46:39 PM PDT
by
YankeeReb
(Proverbs 29:2)
To: autumnraine
Looks like that RATS will have another sinkhole to grab off sizeable contributions to various campaigns & pet projects, courtesy of the taxpayers.
44
posted on
05/19/2009 12:47:28 PM PDT
by
lilylangtree
(Veni, Vidi, Vici)
To: autumnraine
The government’s plans include giving stakes in the new company to GM’s union and bondholders, although the ownership structure of the company is still being negotiated, said the source who is familiar with the company’s plans.
In addition, the government would extend a credit line to the new company and forgive the bulk of the $15.4 billion in emergency loans that the U.S. has already provided to GM, the source said.
45
posted on
05/19/2009 12:47:36 PM PDT
by
b4its2late
(There is always one more imbecile than you counted on.)
To: The Great RJ
It’ll just be another money pit for taxpayers - a way to reward benefactors at the expense of the entire country.
They just should have gone bankrupt the usual way, dumped the unions, negotiated down debt and got on with business.
46
posted on
05/19/2009 12:47:49 PM PDT
by
Aria
( "The US republic will endure until Congress discovers it can bribe the public with the people's $.")
To: autumnraine
“A Yugo in every pothole!”
47
posted on
05/19/2009 12:48:00 PM PDT
by
M203M4
(A rainbow-excreting government-cheese-pie-eating unicorn in every pot.)
To: Reagan69
“Arent there ANY laws being broken by this dictator?
If so, these companies should be fighting these dictates right up to the supreme court.
What is going on?”
Odumbo has everybody that’s taken bailout money over a barrel.
48
posted on
05/19/2009 12:48:04 PM PDT
by
diverteach
(http://www.slapobama.com/)
To: Robe
If the board members are of the same quality as the people Obama has been able to attract to his regime, the new-GM stock will not sell very well.
49
posted on
05/19/2009 12:48:54 PM PDT
by
muawiyah
To: autumnraine
It game over for GM and Chrysler, they are done for. There’s nothing left but the wasting away for them.
Ford stands a chance. Let’s see what Obama comes up with to kill them, too.
Hope and Change!
50
posted on
05/19/2009 12:48:56 PM PDT
by
AIM-54
To: VanillaBlizzard
It has imported goods from China for one thing. There are shelves stocked with food and clothing of every sort. The government requires lots of forms and underhand payment to operate, but it is possible to openly sell consumer goods by individuals. There are restaurants and flower shops and every sort of store and there is private ownership of property. The “central planning” model has been eliminated or renamed, I am not sure which, but the shortages that were caused by Central Planning have definitely been eliminated. Whether or not the average person can afford the consumer goods is another question, but the goods are available. As far as I can tell, most of the goods come from China and very little is produced within Russia.
51
posted on
05/19/2009 12:48:58 PM PDT
by
madinmadtown
(It is good to be right.)
To: autumnraine
The plan is not to save GM but the labor unions.
52
posted on
05/19/2009 12:48:59 PM PDT
by
353FMG
To: hometoroost
53
posted on
05/19/2009 12:49:01 PM PDT
by
greyfoxx39
(Obama....never saw a Bush molehill he couldn't make a mountain out of.......)
To: autumnraine
The Big O is getting his fascism and socialism mixed up. If he wants to be a fascist, fine, but he needs to stay focused. Government ownership of the means of production is socialism, not fascism.
To: autumnraine
Is this like double taxation?
55
posted on
05/19/2009 12:49:42 PM PDT
by
Sig Sauer P220
(The great object is that every man be armed. - Patrick Henry)
To: autumnraine
The tax money I am paying is being used by Obama to nationalize the economy. This is a total government takeover.
Say goodbye to the free market economy, and hello to the government telling you what you can do and not do. I will tell you one thing. GM and Chrysler are off my list.
56
posted on
05/19/2009 12:49:49 PM PDT
by
Gabrial
(Obama Lied - The Republic Died)
To: autumnraine
57
posted on
05/19/2009 12:50:04 PM PDT
by
John W
To: CaptainAmiigaf
Hey, I get my cars from Alabama.
58
posted on
05/19/2009 12:50:11 PM PDT
by
muawiyah
To: brownsfan
59
posted on
05/19/2009 12:50:11 PM PDT
by
Tarpon
(You abolish your responsibilities, you surrender your rights.)
To: autumnraine
And the sad thing is, most people in this country will care less.
60
posted on
05/19/2009 12:50:14 PM PDT
by
b4its2late
(There is always one more imbecile than you counted on.)
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-60, 61-80 ... 281-288 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson