Posted on 03/02/2012 1:04:42 PM PST by Nachum
And in the same week Obama vows buy one, Christmas comes early this year.
(DFP) — General Motors has told 1,300 employees at its Detroit Hamtramck that they will be temporarily laid off for five weeks as the company halts production of the Chevrolet Volt and its European counterpart, the Opel Ampera.
(Excerpt) Read more at weaselzippers.us ...
Appreciate the support.
Watching my 42 year pension will go down the tubes along with Social Security and Medicare.
Thank God my kids are prosperous, maybe they'll take me in.
When GM defaulted on their bondholders and paid the UAW instead, they crossed a clear moral line. Besides being a violation of contract law and bankruptcy law, that was unforgivably corrupt, and I will boycott the company forever. As for individual pensions, I assume that the Pension Benefit Guaranty Corporation would take care of them (at taxpayer expense but at least it's ethical unlike the Bailout). GM is dead to me.
HAHAHAHAHA!
I can’t argue with any of your points.
But none of this was GM’s idea.
The Baraqqis (Steve “the rat” Rattner) came in, fired mgmt, and took over the company orchestrating the bankruptcy.
Folks at GM were just spectators at that point.
All those years I had to put up with those UAW b@stards and now they just laugh at me.
Why aren't there tons of class action and individual lawsuits pending against the UAW and others. Why couldn't they be financially liquidated like the KKK was?
Better yet, in the social circles I move in I have met 2 Volt people one and Engr, and I am not sure what she does but likes to talk anti Ford Eco-Boost Smack. I don't have the heart to tell her why GM's DI don't work, funny what you overhear eating eggs and bacon and with a enough engineering to be dangerous can figure it out yourself...
Now the Engr was one of us and we had some great conversations about it.. I need to do a seperate post about that...
Engrg problem that they need to shut the line down for? Something that is perculating up through the dealerships? If so they are keeping it hush....
I hope GM crashes and burns and go out of business.
How shocking. Not.
Nah, there will still be several to choose from in January, 2013.
“Why aren’t there tons of class action and individual lawsuits pending against the UAW and others...”
####
Something I too, will never understand....
This really hurts me to finally admit this: It is because the Constitution means nothing, The Law means nothing, A Contract means nothing, and worst of all, A Man's Word means nothing.
This does not apply to individuals as a blanket statement, since there are still plenty of people who stand by what they say, and people who expect that from them.
But from national, legal and cultural levels, I believe it is true to a large part.
The Constitution is disregarded and dismissed, and there are no ramifications for those who ignore it.
This pained me in ways I can't put into words, when I mused on the oaths many of us have taken in the past:
"I, rlmorel, do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States and the orders of the officers appointed over me, according to regulations and the Uniform Code of Military Justice. So help me God."
Just dwell on that. How ridiculous does that sound now, knowing people like Ted Kennedy, Barack Obama and so many others have taken similar oaths, internally smirking as they did?
God, I hate liberalism.
On the bright side, in a very small spark in my brain, I still believe this may be reversed.
We may go through tough times, even bloody times to get back there, but I think we can still get back.
We just have to appreciate it and not take it for granted, and maybe people will just have to reach a level at which they can feel that sentiment.
That is the optimist in me speaking, and that sounds grim just reading it.
With God, there is ALWAYS hope.
“Behold! I make all things new.”
You are correct. And His hope isn’t the same “Hope” being pushed by that charlatan in the White House.
The judge supervising the reorganization approved allocating the assets of the "New" GM so that the UAW and their Canadian counterpart got 17.5% of the new company, while the unsecured bondholders of of GM got 10%, even though GM owed the bondholders almost triple what they owed the UAW. As senior creditors, the bondholders should under centuries of law have been paid in full before the UAW got even one dollar. While there is usually a negotiation process (priced into the interest rate demanded by bond purchasers) that gives "stakeholders" such as UAW a symbolic payment, there has never before been a case outside third world countries in which the bondholders received far less than junior claimants on company assets.
I will never again buy a GM product because of that corruption, nor will I buy corporate bonds from a company with a union or other politically connected interest groups. The rules of the game have changed from written contract law to a situation in which those with connections win. I don't play games that have no rules.
I was thoroughly disappointed in Bush when he approved TARP and wasted so many billions in taxpayer dollars, but at least that was within the law (other than the detail that it was outside the enumerated powers of the Constitution). Obama stiffing the GM bondholders was even worse, because it was a government sponsored corrupt action that harmed individual victims, unlike TARP where the taxpayers in general were the victims.
Within Obamacare look at the Contracts voided:
* Student Loans, now a Gov't Only Option, unsecured available with a Bank, but with Dodd Frank really?
* HSA's and MSA's go away, those Contracts with not fit the mandated minimum policy..
* High Deductible Plans like McDonald's that all the "waivers" were about, now Illegal or soon to be.
* Student Medical Insurance Policies gone, now under your Parents, a cost shifting...
* And the mother of them all, the HHS Mandate to the Catholic Churches, forcing them to buy an Insurance Contract or Self Insure but comply with a mandate that violates their Conscious.
OOOOO. That’s a big one that I forgot.
There was, in fact, one previous case - Chrysler.
I stand corrected. I see them as near-simultaneous miscarriages of justice, and I will be boycotting both companies forever because of the shocking corruption of the process, but I should have been more precise.
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