GM BANKRUPTCY PLAN CALLS FOR QUICK SALE TO GOV'T

Reuters Via Drudge Report ^ | 05/19/2009 | Chelsea Emery and Tom Hals

[Tarpon]

Marxism is one the move.

[TaxMe]

Suburban, Tahoe, Cadillac, Silverado pickup.. I will move to Toyota (Highlander) (Lexus) and/or Ford. No way in hell will I ever support GM/UAW again!

[avacado]

" 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."

Arrrrrrrrggghhhhhhhhhhhhhhh!!!

[MrB]

Actually, I believe Putin himself warned us that we were going socialist too fast and that it wouldn’t work.

http://www.freerepublic.com/focus/f-news/2187964/posts

[Netheo]

That may be good for now but after the government nationalizes all of the car companies that is going to be a little hard to do.

And you know it’s coming.

[DogBarkTree]

I wouldnt move to Russia but I would buy a Russian car before I would buy a GM.

[henkster]

I remember British Leyland, a/k/a British Motors, maker of the Triumph Spitfire and other fine pieces of junk.

[RedhairRedhair]

Took ya long enough

[silverleaf]

LOL! Good one!

[keepitreal]

Well at least Joe Biden will have a job fitting his abilities:

Seriously, I will miss owning GM cars.

[WhistlingPastTheGraveyard]

Ya’ know, I am becoming numb to all of the outrages.

That's what the outrage-a-day strategy is designed to do.

[Red Steel]

Best of luck to Government Motors.

[PLKIng]

Yeah, we were assured repeatedly by Bill O’Reilly and some other conservative talking heads tht Odumbo is way too smart and pragmatic to go this route. Why, he is just a moderate pretending to be liberal. I knew that these people were wrong and am waiting for them to admit it.

[bushfamfan]

I’m sick because I just bought a Chevy back in Sept. after owning a Ford. If I had known then what I know now!

[Pontiac]

So if we didn’t pass 0bama’s stimulus package in order to save GM, what would have been different?

There would be about a billion dollars less Federal debit.

[greyfoxx39]

;)

[doug from upland]

COMING SOON TO THE DETROIT CHAMBER OF COMMERCE WEBSITE

[PLKIng]

Well said. I, like many others, will not buy one of these govenment motors vehicles. I will pay more if I have to to make this stand. I can not support with my money (any more thatn I am forced to) this socialist crap.

[VanillaBlizzard]

most of the goods come from China and very little is produced within Russia.

Right there told me they are moving more capitalist if they are importing more than they produce. Although they have a long way to go, that is a really good sign. Even nowadays I feel safer with Russia on this planet then Iran. My grandpa still talks about how much Russia has changed compared to the cold war.

Good info though thanks FRiend.

[wolfcreek]

Since we’ll be owning the company, where’s that Tahoe I’ve always wanted?