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Thread: GM, Chrysler Get Ultimatum From Obama on Turnaround

  1. #21
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    Re: GM, Chrysler Get Ultimatum From Obama on Turnaround

    [QUOTE]
    Quote Originally Posted by SouthernDemocrat View Post
    Lot of hyperbole being thrown around in this thread. The administration simply stated that as a condition of additional government assistance, the CEO would have to step down.
    Government is not in the business of running industry
    It is the rule making body.
    Now the rule maker is the rule maker, funder and The Decider.
    Just like in the USSR.

    How is that any different then say if Warren Buffet bailed them out and made the same condition?
    Warren Buffet would be investing his own or hos company's cash and as an investor that would buy enough of the company he would have bought that right; that power.

    What do Obama, Biden, Geithner or any of his pointy headed staff know about designing, building and selling cars?
    Nothing. Zero.

    If GM wanted to keep the guy, they could have just declined additional assistance.
    Bait and switch.

    I'll NEVER buy a Goverment Motors car.
    They'll be selling The Obama pretty soon; about as safe as a Trabant, as big as a Polski Fiat, and all the power of a mule on speed.

    The arrogance of Obama, who knows nothing about cars... to tell GM to go back and make a new plan with his government pin heads.

    GM is his now... like it or not.

    .
    Last edited by zimmer; 03-31-09 at 05:30 AM.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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    Re: GM, Chrysler Get Ultimatum From Obama on Turnaround

    More statism, more socialism.


    if there is a problem. Obama's answer is more government.
    Let evil swiftly befall those who have wrongly condemned us

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    Re: GM, Chrysler Get Ultimatum From Obama on Turnaround

    Obama is now being criticized for NOT giving our money to a failing corporation?

    I think this is one of the better moves he's made since taking office. I'm all for backing the warranties.

    It is more cost effective than continuing to pump money into a failing corporation that is destined to fail if things are not radically overhauled.

    Think of it this way:

    If we don't back the warranties, then Joe Lunchbox will be the one who gets screwed in a hard economy.

    But by only backing the warranties, we prevent harm to Joe Lunchbox while allowing GM to sink or swim on their own.

    And I WANT Obama to say "There's no way we're bailing out this piece of **** company if there aren't some serious changes made in their corporate hierarchy"

    If he's gonna be handing out money, give it to companies that show they want to work for it, instead of being handed it without having to fix the problems.

    It's just like welfare. I don't mind it if it has caveats preventing people from abusing it. So it should also be with this bailout money.

  4. #24
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    Re: GM, Chrysler Get Ultimatum From Obama on Turnaround

    Quote Originally Posted by Reverend_Hellh0und View Post
    More statism, more socialism.


    if there is a problem. Obama's answer is more government.
    Why does there have to be a problem? For Obama, there is only Government.... problems are convenient excuses for more of it.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: GM, Chrysler Get Ultimatum From Obama on Turnaround

    Quote Originally Posted by SouthernDemocrat View Post
    Lot of hyperbole being thrown around in this thread. The administration simply stated that as a condition of additional government assistance, the CEO would have to step down.

    How is that any different then say if Warren Buffet bailed them out and made the same condition? If GM wanted to keep the guy, they could have just declined additional assistance.
    On what constitutional basis did the federal government draw its power to give money to private companies?

    Answer: there is no constitutional authority for that act.

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    Re: GM, Chrysler Get Ultimatum From Obama on Turnaround

    Quote Originally Posted by SouthernDemocrat View Post
    If the government cannot constitutionally enter into an agreement to back domestic automaker's warrantees while they are in bankruptcy, then the FDIC is unconstitutional, as well as any and all federal loan guarantees.
    Gee.

    Ya think?

    Quote Originally Posted by SouthernDemocrat View Post
    The fact is, the government has been doing this sort of thing practically since our founding.
    No, it hasn't.

    It's unconstitutional, and the people used to know what the Constitution was for. The people today think, wrongly, that it's a license to do anything and everything.

    Quote Originally Posted by SouthernDemocrat View Post
    You do not have a constitutional right to having a warrantee backed by the private sector only.
    That has got to be one of the stupidest statements ever made.

    The Constitution forbids the federal government from loaning money to private companies, and it certainly forbids the federal government from providing warranties on products sold by private companies. In fact, the word "warranty" isn't used once, not in the entire Constitution.

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    Re: GM, Chrysler Get Ultimatum From Obama on Turnaround

    Quote Originally Posted by SouthernDemocrat View Post
    Lot of hyperbole being thrown around in this thread. The administration simply stated that as a condition of additional government assistance, the CEO would have to step down.
    Right.

    Like the man said, the administration strong-armed GM's CEO out of a job.


    Quote Originally Posted by SouthernDemocrat View Post
    How is that any different then say if Warren Buffet bailed them out and made the same condition? If GM wanted to keep the guy, they could have just declined additional assistance.
    Warren Buffet uses his own money?

    That would seem like a huge difference to honest people like me.

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    Re: GM, Chrysler Get Ultimatum From Obama on Turnaround

    Quote Originally Posted by dclxvinoise View Post
    And how is that not strong-arming?
    Democrats don't strong-arm, obviously. Clearly Speaker-Of-The-Age, His Most Honorably Eloquent, the Great Teleprompter Reader himself can't strong arm anyone. He's a "persuader".

    Did you know sales of Atlas Shrugged are surging lately? Get your copy. This administration is frightening in the parallels it's creating.

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    Re: GM, Chrysler Get Ultimatum From Obama on Turnaround

    Quote Originally Posted by rathi View Post
    Its a valid question whether money should be given at all, but if it is, its perfectly appropriate to create requirements for a bailout.
    That's....oh, get this, it's really tricky....the job of Congress to decide those matters, not the Teleprompter Reading Messiah.

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    Re: GM, Chrysler Get Ultimatum From Obama on Turnaround

    Quote Originally Posted by Tucker Case View Post
    Obama is now being criticized for NOT giving our money to a failing corporation?

    I think this is one of the better moves he's made since taking office. I'm all for backing the warranties.

    It is more cost effective than continuing to pump money into a failing corporation that is destined to fail if things are not radically overhauled.

    Think of it this way:

    If we don't back the warranties, then Joe Lunchbox will be the one who gets screwed in a hard economy.

    But by only backing the warranties, we prevent harm to Joe Lunchbox while allowing GM to sink or swim on their own.

    And I WANT Obama to say "There's no way we're bailing out this piece of **** company if there aren't some serious changes made in their corporate hierarchy"

    If he's gonna be handing out money, give it to companies that show they want to work for it, instead of being handed it without having to fix the problems.

    It's just like welfare. I don't mind it if it has caveats preventing people from abusing it. So it should also be with this bailout money.
    If GM doesn't back the warranties, and no one else does, Joe won't be stupid enough to buy a GM car, and GM goes bye-bye, like it should, but that would cost the goddamned uniongoons all those overpriced jobs and cost the Democrats votes. Can't have that.

    That's all this is about, Democrat votes and uniongoon jobs.

    The money shouldn't be handed out, and the government should stop throwing good money after bad.

    There's only two steps left to be taken that I can see.

    The Teleprompter Reading Messiah is going to demand the taxpayer subsidize the sale of GM cars.

    Then, when GM sales remain flat, the TRM is going to raise taxes on people who don't own a GM car. This last will be called the GM Car Emergency Tax Credit.

    It's what fascist states like the one the TRM is building do.

    Quote Originally Posted by Tucker Case View Post
    It's just like welfare. I don't mind it if it has caveats preventing people from abusing it. So it should also be with this bailout money.
    Glad to see all the anti-bushbots are now in total support of corporate welfare. Are you guys on the flip side, or the flop side, today?
    Last edited by Scarecrow Akhbar; 03-31-09 at 12:34 PM.

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