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The rough road ahead for GM (After running nothing in his life, Obama lands CEO position)
msnbc ^ | 3/30/2009 | John W. Schoen

Posted on 03/30/2009 3:45:18 PM PDT by tobyhill

Obama to GM: Move over, I’m driving.

After several rounds of government assistance and missed deadlines for a plan to revive the auto giant, the White House on Monday finally lost faith in the company's ability to fix its own longstanding problems.

Despite months of negotiations with various stakeholders, the Obama administration refused to offer GM another round of bailout funds, saying the company's restructuring proposals didn't go far enough to make for a viable plan. To get further concessions from unions, creditors and investors, the White House held out the possibility of a bankruptcy filing.

(Excerpt) Read more at ...

TOPICS: Extended News; News/Current Events
KEYWORDS: automakers; bho44; generalmotors
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To: marron

At least GM can keep its logo except now it stands for “Government Motors”.

21 posted on 03/30/2009 5:12:08 PM PDT by Jay Gatsby
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To: tobyhill

Hey, glad I bought my Silverado July 07. I got a pre-Obama Chevy! Local talk radio host Mark Belling (subs for Rush) was calling GM, Government Motors this afternoon. He was really worked up about this newest abuse of power by Obama. Rightly so. Everyday, a new outrage by The Usurper.

22 posted on 03/30/2009 5:23:44 PM PDT by TheConservativeParty ("Government is not reason, it is not eloquence, it is FORCE." George Washington)
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To: tobyhill
GM just lost at least 25% market share. Obama will have GM turning out the 1956 Volga GAZ-21's by the gross.

23 posted on 03/30/2009 5:29:27 PM PDT by dancusa (Politicians are like diapers. They both need changing regularly and for the same reason.)
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To: tobyhill

Below are excerpts from two different documents. Which document better supports the President’s view of his actual powers?

The Constitutional Powers of the President (From Article II):

Section 2.

The President shall be Commander in Chief of the Army and Navy of the United States, and of the Militia of the several States, when called into the actual Service of the United States; he may require the Opinion, in writing, of the principal Officer in each of the executive Departments, upon any Subject relating to the Duties of their respective Offices, and he shall have Power to Grant Reprieves and Pardons for Offences against the United States, except in Cases of Impeachment.

He shall have Power, by and with the Advice and Consent of the Senate, to make Treaties, provided two thirds of the Senators present concur; and he shall nominate, and by and with the Advice and Consent of the Senate, shall appoint Ambassadors, other public Ministers and Consuls, Judges of the supreme Court, and all other Officers of the United States, whose Appointments are not herein otherwise provided for, and which shall be established by Law: but the Congress may by Law vest the Appointment of such inferior Officers, as they think proper, in the President alone, in the Courts of Law, or in the Heads of Departments.

The President shall have Power to fill up all Vacancies that may happen during the Recess of the Senate, by granting Commissions which shall expire at the End of their next Session.

Section 3.

He shall from time to time give to the Congress Information on the State of the Union, and recommend to their Consideration such Measures as he shall judge necessary and expedient; he may, on extraordinary Occasions, convene both Houses, or either of them, and in Case of Disagreement between them, with Respect to the Time of Adjournment, he may adjourn them to such Time as he shall think proper; he shall receive Ambassadors and other public Ministers; he shall take Care that the Laws be faithfully executed, and shall Commission all the Officers of the United States.

The powers granted to the Reich Chancellor, 1933 by the passage of the Enabling Act:

Law to Remedy the Distress of the People and the Nation

The Reichstag has enacted the following law, which is hereby proclaimed with the assent of the Reichsrat, it having been established that the requirements for a constitutional amendment have been fulfilled:

Article 1

In addition to the procedure prescribed by the constitution, laws of the Reich may also be enacted by the government of the Reich. This includes the laws referred to by Articles 85 Paragraph 2 and Article 87 of the constitution.[1]

Article 2

Laws enacted by the government of the Reich may deviate from the constitution as long as they do not affect the institutions of the Reichstag and the Reichsrat. The rights of the President remain undisturbed.

Article 3

Laws enacted by the Reich government shall be issued by the Chancellor and announced in the Reich Gazette. They shall take effect on the day following the announcement, unless they prescribe a different date. Articles 68 to 77 of the Constitution do not apply to laws enacted by the Reich government.[2]

Article 4

Treaties of the Reich with foreign states which affect matters of Reich legislation shall not require the approval of the bodies of the legislature. The government of the Reich shall issue the regulations required for the execution of such treaties.

Article 5

This law takes effect with the day of its proclamation. It loses force on 1 April 1937 or if the present Reich government is replaced by another.

24 posted on 03/30/2009 5:33:41 PM PDT by You Dirty Rats (Defend America -- Oppose Obama!)
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To: tobyhill
Cars are not an investment folks. If you have a car, run it into the ground. Or find a good deal on a used car with decent mileage. Some of the used cars from 2001-2005 still look good. Makes no sense to buy a brand new car in this economy, especially from GM.

And that's what people are going to do. I heard stories about car repair shops seeing more business as people hang onto their cars longer. GM is going to be forced to build s--tty, electric, itty-bitty cars that run on Duracell batteries and the market will reject them.

25 posted on 03/30/2009 5:36:23 PM PDT by Extremely Extreme Extremist ("President Obama, your agenda is not new, it's not change, and it's not hope" - Rush Limbaugh 02/28)
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To: You Dirty Rats

Glad you’re back! I guess the theme song will be Heil Obama!

26 posted on 07/20/2009 7:33:33 PM PDT by GoldwaterChick (We Snowflakes will always remember our beloved Snowman with the incandescent smile.)
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