I thought this guy was a "Communitee Organizer"? Now he is a world class
business man too? I think he should give every american who makes less than
$250,000 a stimulous coupon to buy an american made car good up to $35,000 per
household! You want to get the American Auto Industry going again Barack, that's
what you do! Every Family in America get's a coupon good towards a big 3 Brand
New American Made Car up to $35,000, and you get a cash rebate on whatever is
left over $1.00 per $10.00 in coupon value! give it to the peons who have to pay
the money back! You want to get re-elected, that's how to do it! Order all the
old car trade-ins (Which must be part of the deal) over a certain age (5 years)
to be destroyed and recycled or exchanged in the great american used car
exchange to get older non efficiant cars off the highway! How is that for a
green liberal democratic party idea!
Of course, GM could have re-organized *before* Obama spent all that taxpayer
money to put himself in the driver's seat.
BO needs the UAW to get re-elected so he is more than happy to use OUR tax
dollars to save GM and the UAW. If there was no UAW then BO would just let GM go
under - no big deal. Everything BO does is carefully calculated to support his
re-election which gives us all a look into the pathetic window of this liberal
Does Obama know how to do anything but print money? Has he never taken an
economics course? Hold onto your hats, folks, because runaway inflation is
Americans don't like the govt. giving handouts to big business, and as a result
will buy FEWER GM and chrysler products!EVEN IF GM and Chrysler gets
their act together, Americans won't want to touch their cars with a ten foot
anybody buy any 2009 vehicle made by GM. The employee moral is so low that the
odds of buying one that is "not" a lemon, would be astronomical.
Tell, me, will anybody, in their right mind, put their own $$ into GM as an
investment now that BHO own it? Will you be willing to invest any $$ into any
venture now that the gov't has done their deeds?
This is a huge win for the environmentalgreen folks. They can now mandate green
technology in a huge automaker. It could be used for a platform for experimental
technologies, and eventually used to mandate to all other car companies
compliance to technologies that they own. It's a serious meddling with free
markets, but heck, at least it may someday bring about a cleaning up of the
disgusting air we breathe here along the Wasatch front.
Ya know, if Romney were president and was "fixing" GM, I might have some
confidence in the outcome - he spent umpteen years doing exactly that very
successfully with a number of companies. But what on earth does a Chicago
community organizer know about business?!?!?!?
yomama doesn't have a clue. the biggest budget he has ever dealt with is his
personal checking account. It is too bad that the republicans are such bigots
that they couldn't support the only guy that does have a clue, Mitt. He
advocated bankruptcy last November before bo and w gave them additional
billions. What a country! Community organizer to the presidency. You gotta love
it. Only 3 years and 8 months left, that is if we can hold on that long.
Welcome, comrades to the brave new world.As Charles Wilson, who left
GM to be Eisenhower's secretary of defense, once said, "What's good for GM is
good for America."How exactly?Well -- The administration
keeps saying that it doesn't want to stay in GM for long, but in a
military-industrial society, it is in the government's interest to keep a
control of this type of industry. Frankly, I wish the Obama
administration would nationalize the various defense contractors and keep a
close eye on THEM as well.
It is obvious that private enterprise is incompetent and cannot make GM
profitable. So hard to see how government could do worse in running it.
@rightascensionIf they are too incompetent to run the business then let
the business fail because all it becomes is a burden on the economy. Another
automaker would fill its void. That is how economics works.What is
scary is how the government is suddenly controlling businesses. They can't run
their own programs, social security, medicare, welfare, yet now they think they
can run businesses that don't have open ended pockets.More
government is not what we need right now. Smart government minding their own
business and allowing the economy to stabilize is what we need.
At the top of our Hurricane Season in Florida, in a way I am "HAPPY" President
Barack H. Obama pushed a humbled General Motors Corp. into bankruptcy and said
the federal government will act as reluctant shareholder (this means The
AMERICAN tax payer's and the "we the people") when it assumes a 60 percent
ownership of the smaller carmaker that emerges. Now, seeing I DON'T TRUST A
LIBERAL, I want the stocks in my hand, mailed to me (seeing the federal
government don't have to pay postage), so if and when I deside to cash them in I
can, or, pass them on to my grand children, I can, but, I want them in hand
ASAP. Secondly, seeing I am a majority, (stock holder) now, I say, "GET RID OF
THOSE FRIGGEN UNION WORKERS AND THAT UNION RIGHT NOW!."Plus add onto
that, the sign of "Made In America".And, mean it this time.That's my view.What's your's in Utah, and, the World.I
Any rational citizen please don't buy any car from GM and Cry-sle! We don't want
socialism in U.S.A.
First off;"Happy Father's Day" men.Secondly, as for (the
muslim that can't be a terrorist because he don't have 17 H's in his name yet),
President Obama, and GM have one thing in common right now.It was
Julius Caesar who started the practice of flipping a coin to make decisions. His
own head was on one side of every Roman coin, so "heads" determined the winner
in each flip. People thought "heads" meant that Caesar agreed with the decision.
The coin flip was used in serious litigation involving property,marriage
and even criminal guilt.Seeing I am a 60% share holder now of GM,
let's hope this coin flip is a good one, and, that I won my shares real soon,
Simply put, the U.S. Gov. is now in the long term business involving the Auto
Industry. It is our tax dollars being spent without our consent. Once the
officiandos in office have their hands in the pie, it won't come out. Can you
think of a time when the Government has said it will be short termed and it has
really happened? That's what they said about income tax before any of us were
born and it is here to stay.
all that's left to say is, people wanted "change" and they've got it. A few
pennies in their pockets!
WOW, This is amazing! All the news does is spout off on how great this President
is yet he has personally approved now 75 Billion Dollars in Losses to GM and
Chrysler and put over 100,000 people out of work! In total with families nearly
350,000 people are negatively affected by this incompetence! Obama has never run
a business or been a executive in any capacity, but yet the media continues to
see him as some great leader! Not! With the 400 percent increase in the National
Debt and the prospect that the Stimulus is failing too can anyone say INFLATION!
How about 30 percent? And how about Ford? They are at a distinct disadvantage
when Obama and his henchman or Czar's(Another term for Dictator)control the
competition, the banks that are supposed to lend and the large insurers used by
the Auto Industry! Conclusion? Obama lied about tax cuts has cost millions their
jobs, has saddled us with TRILLIONS in debt, and is about to put HUNDREDS OF
THOUSANDS of SMALL BUSINESSES OUT OF BUSINESS WITH 30 PERCENT INFLATION! 75
Percent of the Job creation market will be declining for years!
The next act of this circus of incompetence is Obama's appointment of a 31 year
old campaign worker to oversee the overhaul of GM.Only a fool would
make an appointment like that. He may be a very nice, loyal Obama campaigner,
even with some education and an almost Masters Degree.But, is really
the BEST choice that the President of the United States can find for the
catastrophic breakup and restructuring of one of our largest industrial
corporations? If so, we are in even worse trouble than anyone ever imagined.Just when you think the incompetence and cronyism could not get any
worse, Obama springs a new tsunami of "hope and change" on us.Alarming!Next idiocy is what-- off to Cairo to offer a surrender
to the Muslim radicals? Nothing would surprise me any more.
I am glad the Obama administration took over GM.When the company
fails-and it will fail- Name three people that would invest in a
welfare car company? Name three liberals? Anyway when it goes
under-People will protest his socialized universal health care.Look at medicare part D. It is bankrupt and the ones that pushed
it through Bush and Congress became rich.65 year olds are still
paying $2,000 deductibles per year. Going to Wal-Mart to get your
drugs yet?GM will be the us post office dejvu all over again.
A... This is a Depression.This was a problem before Obama was
President. Maybe all that trillions of dollars spent on Iraq by the Republicans
should of been used to help the local americans with the economy and
healthcare?To much greed was used in the past to increase the
pockets of few at the expense of the majority.Pride comes before the
fall.... Not during the fall...
The good news is that we have enough early warning of the impending
hyperinflation and dollar collapse that we can protect ourselves. bu time may
be short.Got gold?
@Its all about the UAW | 11:23 a.m.Your post is right on the money.
Our tax dollars are going from our pockets, to the IRS, to the UAW union
members' pockets all for the sole purpose of getting BO reelected in 2012.Even the stimulus money is designed to hit the economy just in time or
BO to look good for the 2012 election. Everything he does is designed to get him
Amazing! Simply Amazing!How quick you Utah neoCons seem to forget
that it was Chenney/Bush that got us all into this mess with their out of
control free-market deregulation coup de'at. Of course this all started with
the magical thinking implementation of early Reganonomics, now understood to me
an unmitigated disaster. Why? Because it didn't benefit the
working middle-class American, only the less than 1% rich and privileged of
society, and now the same middle-class Americans have been strapped with the
rich and privileged money-changers wreckless actions, who took the
non-value-based profits and sank the producer economy in the process, just like
the bass tards did back in pre Depression '29!Frankly, I'm
disappointed that Obama hasn't taken on the mantle of FDR more, since only
rolling back the laws to FDR era bank and securities regulations and enforcing
those regulations will straighten this mess out and get the economy back on
track to the benefit of middle class Americans. C'mon folks, this is the stuff
of history, regardless of political or ideological leanings.
UhHello wrz,I believe money has gone to the Directors of the company
and CEO. Not the union..That is why there is a new CEO.Of course, Obama is doing what the republicans didnt do. Reelecting someone
who is helping the majority of americans rather than the rich few would be fine
since the majority of americans are part of the American Union. Not the
Republican rich union which has failed to include us.
Now that Uncle Sam and the UAW control GM, it'll do much better. As Archie
Bunker once said, "One is a novelty, two is ghetto."
Welcome To The New Banana Republic Of The United States of America and Black
Markets.We would not, under any circumstances, believe our
government would make decisions flying in the face of sacred United States
contract law. What they have done to auto company bondholders is to favor unions
for political votes forcing bondholders into a lower, non-preferred payment
order. This says corporate contracts in the United States are now
meaningless.Auto union people were moved to the head of the bankruptcy line
while bondholders with a preferred first lien position by CONTRACT LAW, are now
forced to the end of the line.If your government will do this to
auto bondholders, what will they do to the Sheeple?News this morning
told of GM bondholders finally reaching a settlement providing $.17 on the
dollar in two parts as GM shares trading was halted. Further news stated GM
shareholders are receiving 1% of the deal. Brother Chuck Schroeder
A shareholder has risk. If the company does well they get part of the profits.
If the company does bad, they lose money. I know exactly how I'll lose my money
when GM loses money. But how am I going to get money when things go well? Good
feelings? A "strong" America. As a shareholder, I would like to sell my stock
right now thus removing any risk/reward for me. I'm willing to give up my chance
for any future dividend and not have to participate in the ever increasing
bailouts to come. A shareholder typically has a vote. Where is mine? Apparently
gone with all the other contract law thrown out the window in this deal.
One mans prediction. If the Republican party does not come up with its own set
of answers. If the Republican party cannot do anything but critisize, comdemn
and complain. If the Republican party does not beome a more moderate party as
suggested by one of its own Colin Powell.then - We will
have solid Democratic Majorities in both houses of Congress not to mention a
Democratic president for years to come. Don't believe me, just wait till the
next national election. If another national election were held today Obama
would win in a landslide plus the Democrats would have even bigger majorities in
the house and the senate.
well... if one listens to what the public does, one will have the publics
problems. Dont invest blindly... Go behind the scenes and see the legal
structure of the organization, nothing is inept but shareholders do get paid
last if there is anything left. This is on all companies. Bet on the jockey,
not on the horse. Most jockeys (CEO's directors etc) have been
unethical and uncontrolled. They still get paid when the horse (business)
dies.Be sure to test the liquidity of your investment by
withdrawing/moving it at times to other places and not all bet on the same
horse.Many more problems have not been uncovered with other
companies as the depression drags on.Make sure investments have good
liquidity right now.
The right complains about the government saving jobs. GM is important to the
security of the United States, and for some reason, the right complains. "We
should let GM fail".Why has the right grown to hate America? What
do they stand for anymore?
If Obama helps GM...BAD, If Obama doesnt help GM...BAD....That's so
Republican!!!!If you are not helping, be quiet!!!Most of you were
buying all those GM v8 cylinder big truck oil eaters for a long time, so what
happened to your "big truck love"???Utah is so blind, always
complaining just to make some noise, nonsense noise!!!!
As a hero of the GOP once said, you are all a bunch of nattering nabobs of
negativism. Obama didn't want this mess. And if the GOP has a better idea, put
it out there instead of taking cheap shots. If GM and the feeder businesses go
down, the ecomony will suffer further. Is that what you want? Most of you are
focused on your own little corner of the world and can't see beyond it. Wait
until you lose your job. You'll be like the now famous person who recently said
that he came up from nothing, living on FOOD STAMPS and WELFARE until he was
successful and that government shouldn't be involved. Duh!