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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]

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To: Reagan69

“These companies should be fighting these dictates right up to the supreme court.”

Two years ago they would have. Today, two of the three are owned by the government. The others, including the transplants, have been financially crippled and are to weak to fight. Plus, if you were a German or Japanese manufacturer, you know you can probably make passable junk that will meet the standards.

I really think this is intended to destroy Ford’s independence. The transplants will be nationalized or shut down.

We are headed for an economic disaster like this country has NEVER seen. The Depression was followed by victory in war and world economic domination for decades. That is OVER now, and it all happened from within.


121 posted on 05/19/2009 1:48:33 PM PDT by henkster (The GOP is housebroken window-dressing displayed to portray the fiction of a Republic.)
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To: DoughtyOne

You have forgotten the old Mafia dictum “an offer you can’t refuse”.


122 posted on 05/19/2009 1:48:33 PM PDT by expatpat
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To: PLKIng
Bill O’Reilly is a joke at this point in time. He's all about Bill, and asskissing of Obama was pathetic.
123 posted on 05/19/2009 1:50:35 PM PDT by Carling ("We've lost two people in my family because you dickheads won't cut trees down," - Warwick Spooner)
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To: Carling

The brown shirts will have to force me by gunpoint to buy a car from Obama motors (GM chrysler) and even then I’ll say I’d rather be shot lol


124 posted on 05/19/2009 1:52:30 PM PDT by ground_fog
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To: tumblindice

This country has just jumped on the Crazy Train. Where and when does it stop?


125 posted on 05/19/2009 1:53:05 PM PDT by expatpat
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To: autumnraine

My friend Justin suggests that since the Fed will own GM we change the name of GM to ‘Gennie Moe’ (a la Fredddie Mac, Fannie Mae, etc...)

I think it fits.


126 posted on 05/19/2009 1:53:22 PM PDT by navyguy (The National Reset Button is pushed with the trigger finger.)
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To: autumnraine

This is just so sad... Chevrolet has always been my favorite brand (except for Ford’s Old Mustangs). My parent had a ‘72-’74 Monte Carlo — such a beautiful car - bluish-silver, with blue leather on the back part of the roof/side, blue velvet interior with the woodgrain dash panel....

So sad that this is happening. Don’t even know what to say anymore...

I wonder what the count is now on how many jobs have been lost simply due to Obama’s meddling in NON-GOVERNMENT PRIVATE INDUSTRIES?


127 posted on 05/19/2009 1:58:51 PM PDT by LibertyRocks ( http://LibertyRocks.wordpress.com ~ ANTI-OBAMA STUFF : http://cafepress.com/NO_ObamaBiden08)
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To: DoughtyOne

With the government taking over the banks, Ford may be forced by the government bank’s actions or inactions to accept direct government funds.......

What would Ford executives do if all their credit lines with the banks dried up?

Money being lent to GM amd Chrysler, but not Ford.....


128 posted on 05/19/2009 2:00:48 PM PDT by nevergore ("It could be that the purpose of my life is simply to serve as a warning to others.")
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To: henkster

Yeah, I’m afraid you are right. It’s coming and I’m afraid.


129 posted on 05/19/2009 2:01:38 PM PDT by autumnraine (Freedom's just another word for nothing left to lose- Kris Kristoferrson)
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To: expatpat

Yes, I hear ya.


130 posted on 05/19/2009 2:01:58 PM PDT by DoughtyOne (Obama is mentally a child of ten. Just remember that when he makes statements and issues policy.)
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To: autumnraine
GM could not be immediately reached for comment.

What, The Kenyan wasn't answering his blackberry?

131 posted on 05/19/2009 2:02:51 PM PDT by randog (Tap into America!)
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To: nevergore

You never know. That could be what Ford is faced with.

This nation is being radically changed from the ground up.


132 posted on 05/19/2009 2:03:53 PM PDT by DoughtyOne (Obama is mentally a child of ten. Just remember that when he makes statements and issues policy.)
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To: Pete

No kidding. I was called paranoid and/or racist for voicing such concerns. I did think it would take longer than 150 days, though.


133 posted on 05/19/2009 2:05:51 PM PDT by jennyjenny
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To: epluribus_2

It means taxpayers will pay the 40 billion retooling for CAFE standards to be met.


134 posted on 05/19/2009 2:08:52 PM PDT by OafOfOffice (Constitution is not neutral.It was designed to take the government off the backs of people-Douglas)
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To: autumnraine
Ah dang.....at first I thought the title said "GM BANKRUPTCY PLAN CALLS FOR QUICK SALE OF GOV'T
135 posted on 05/19/2009 2:09:08 PM PDT by Lucky9teen (Revolution Beckons......When is enough, ENOUGH?)
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To: autumnraine
So, accompanied by Obama announcing a CAFE standard of 35 mpg fleet average for cars sold in the US we have this kind of scenario.

In the case of Chrysler (and the same model will probably apply to GM) we will have a government business model 1) for selling cars people don't want, 2) making cars that aren't profitable, 3) with dealers that are harder to find (cuts dealerships by 50%), and 4) for which no one knows what they are selling because the advertising budget was cut in half. Sounds like the US Post Office.

Hell of a deal. It is about as good a business model as that for the proposed nationalized health care modeled on a system that will be broke in 5 or 6 years and that has an unfunded liability of 38 trillion dollars over the next 75 years.

Is this a great country or what?

136 posted on 05/19/2009 2:09:20 PM PDT by george123
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To: Pete

this morning on fox news comments, they were talking about the CAFE standards speech obama had given. What is atonishing is it did not take Rahm and Axelrod more than a hour to send out dissenters to discredit the truth.


137 posted on 05/19/2009 2:10:49 PM PDT by OafOfOffice (Constitution is not neutral.It was designed to take the government off the backs of people-Douglas)
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To: muawiyah

Point taken. I meant to illustrate that my NEXT car will be MADE IN THE USA and assembled by AMERICANS. I don’t really care what state. For that matter, what USA states do have assembly plants that do NOT make Obamamobiles? I’ll have to research it, I guess.
FWIW..I’m personally upset that I’ve promised myself to avoid ANYTHING made by UAW, INC.


138 posted on 05/19/2009 2:16:18 PM PDT by CaptainAmiigaf (NY Times: We print the news as it fits our views)
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To: jpl

You will be mandated to purchase ‘The Peoples Auto’.


139 posted on 05/19/2009 2:19:05 PM PDT by griswold3 (a good story is more compelling than the search for truth)
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To: autumnraine

I will never buy another GM car. NEVERRRRRRRRRRRRRRRRRRRRRRRR!!!


140 posted on 05/19/2009 2:20:33 PM PDT by mojitojoe ( Idiots elected a Marxist ideologue with narcissistic personality disorder)
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