Page 1 of 2 12 LastLast
Results 1 to 10 of 17

Thread: Obama Warranty Plan Leaves Many GM, Chrysler Owners Vulnerable

  1. #1
    Global Moderator
    Silent Bob for President!

    RedAkston's Avatar
    Join Date
    Oct 2007
    Location
    Florida
    Last Seen
    Today @ 11:35 AM
    Gender
    Lean
    Independent
    Posts
    33,832
    Blog Entries
    4

    Obama Warranty Plan Leaves Many GM, Chrysler Owners Vulnerable

    Obama Warranty Plan Leaves Many GM, Chrysler Owners Vulnerable - First 100 Days of Presidency - Politics FOXNews.com

    President Goodwrench? Really? Obama (aka 'the taxpayers') are going to fulfill the warranties for new GM and Chrysler cars if those companies can't. But if you bought a new GM or Chrysler car or truck last year, forget about it.

    "If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired, just like always," Obama pledged Monday. "Your warranty will be safe. In fact, it will be safer than it's ever been. Because starting to day, the United States government will stand behind your warranty."
    The White House nor the Treasury Department responded to requests seeking comment.

    But the National Automobile Dealers Association said it also isn't impressed by Obama's plan.

    "We are encouraged by President Obama's commitment to putting the domestic auto industry back on the road to recovery but continue to urge the administration to focus immediately on correcting the dysfunctional credit markets," the organization said in a statement, adding that bankruptcy should not be an option.

    "It would further erode consumer confidence and, therefore, our ability to sell at the retail level. Moreover, it would further exacerbate the availability of credit."
    Yet another less than brilliant move by our new President. Add this on to the already huge steaming pile of crap he's created and we may never recover. And people claimed that Bush was more dangerous than Obama? Where are those people now? Why aren't they stark raving mad at this lunatic and his hellbent agenda on destroying this great nation?
    Welfare (Food Stamps, WIC, etc...) are not entitlements. They are taxpayer funded handouts and shouldn't be called entitlements at all. Social Security and Veteran's benefits are 'Entitlements' because the people receiving them are entitled to them. They were earned and paid for by the recipients.

  2. #2
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

    Re: Obama Warranty Plan Leaves Many GM, Chrysler Owners Vulnerable

    If the goal is to keep GM and Chrysler alive, there really isn't another option. Solving the credit markets is likely going to take at least another six months to likely a year if not more. Neither firm will survive that long. Therefore, a structured bankruptcy is really the only path they have. But to alleviate the problem of warranties from a chapter 11 firm, this plan does seem like the only path available.

    If you don't like that plan, you're for chapter 7 of both firms.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  3. #3
    Advisor Pitwolfy's Avatar
    Join Date
    Aug 2008
    Location
    Tennessee
    Last Seen
    05-09-13 @ 08:42 PM
    Gender
    Lean
    Very Conservative
    Posts
    456

    Re: Obama Warranty Plan Leaves Many GM, Chrysler Owners Vulnerable

    It is NOT the place of government to save businesses from going under. Not when the government is writing checks WITH OTHER PEOPLES MONEY, ie YOURS, MINE! Now, the messiah wants to guarantee warranties with, guess what, OTHER PEOPLES MONEY !! When will it end?


    Anyone?


    My son: "Mom? Don't you have a butt to fix?"
    كافر

  4. #4
    Student
    Join Date
    Jan 2009
    Last Seen
    05-25-09 @ 11:04 AM
    Lean
    Undisclosed
    Posts
    277

    Re: Obama Warranty Plan Leaves Many GM, Chrysler Owners Vulnerable

    The NAM is an advocacy group.

    In other words, they lie.

    Nice try!


    Quote Originally Posted by P/N View Post
    Obama Warranty Plan Leaves Many GM, Chrysler Owners Vulnerable - First 100 Days of Presidency - Politics FOXNews.com

    President Goodwrench? Really? Obama (aka 'the taxpayers') are going to fulfill the warranties for new GM and Chrysler cars if those companies can't. But if you bought a new GM or Chrysler car or truck last year, forget about it.





    Yet another less than brilliant move by our new President. Add this on to the already huge steaming pile of crap he's created and we may never recover. And people claimed that Bush was more dangerous than Obama? Where are those people now? Why aren't they stark raving mad at this lunatic and his hellbent agenda on destroying this great nation?

  5. #5
    Girthless
    RightinNYC's Avatar
    Join Date
    Mar 2005
    Location
    New York, NY
    Last Seen
    01-23-11 @ 11:56 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    25,894

    Re: Obama Warranty Plan Leaves Many GM, Chrysler Owners Vulnerable

    And if they companies went bankrupt, you'd lose your warranty that way.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

  6. #6
    Global Moderator
    Silent Bob for President!

    RedAkston's Avatar
    Join Date
    Oct 2007
    Location
    Florida
    Last Seen
    Today @ 11:35 AM
    Gender
    Lean
    Independent
    Posts
    33,832
    Blog Entries
    4

    Re: Obama Warranty Plan Leaves Many GM, Chrysler Owners Vulnerable

    Quote Originally Posted by HelloDollyLlama View Post
    The NAM is an advocacy group.

    In other words, they lie.

    Nice try!
    Who is the NAM and what lie are "they" telling here? Did Obama not make this statement today? There is no "try" here, this is what he said. Do you care to discuss Obama's plan or are you just trolling, again?
    Welfare (Food Stamps, WIC, etc...) are not entitlements. They are taxpayer funded handouts and shouldn't be called entitlements at all. Social Security and Veteran's benefits are 'Entitlements' because the people receiving them are entitled to them. They were earned and paid for by the recipients.

  7. #7
    Sexual Deviant
    GottaHurt's Avatar
    Join Date
    Jun 2005
    Location
    Florida
    Last Seen
    05-07-09 @ 04:58 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    2,899

    Re: Obama Warranty Plan Leaves Many GM, Chrysler Owners Vulnerable

    It's really funny when you think about it. Obama is guaranteeing auto warranties with our own money.

    What's even funnier, is GM telling folks they'll cover their car payments if they lose their jobs.

    So they're borrowing my wallet, taking the money out, then giving me a portion of it back to make a payment to them.

    I'll be back to discuss this further, I need to go make my neighbors mortgage payment real quick...
    Pain can be such a beautiful thing

  8. #8
    Global Moderator
    Silent Bob for President!

    RedAkston's Avatar
    Join Date
    Oct 2007
    Location
    Florida
    Last Seen
    Today @ 11:35 AM
    Gender
    Lean
    Independent
    Posts
    33,832
    Blog Entries
    4

    Re: Obama Warranty Plan Leaves Many GM, Chrysler Owners Vulnerable

    No one else is appalled by Obama's latest spending fiasco?
    Welfare (Food Stamps, WIC, etc...) are not entitlements. They are taxpayer funded handouts and shouldn't be called entitlements at all. Social Security and Veteran's benefits are 'Entitlements' because the people receiving them are entitled to them. They were earned and paid for by the recipients.

  9. #9
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    12-15-17 @ 10:49 AM
    Gender
    Lean
    Conservative
    Posts
    76,323

    Re: Obama Warranty Plan Leaves Many GM, Chrysler Owners Vulnerable

    Who the **** does Obama think he is?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  10. #10
    Global Moderator
    Silent Bob for President!

    RedAkston's Avatar
    Join Date
    Oct 2007
    Location
    Florida
    Last Seen
    Today @ 11:35 AM
    Gender
    Lean
    Independent
    Posts
    33,832
    Blog Entries
    4

    Re: Obama Warranty Plan Leaves Many GM, Chrysler Owners Vulnerable

    Quote Originally Posted by American View Post
    Who the **** does Obama think he is?
    Well, from this point forward, I will refer to him as President Goodwrench.
    Welfare (Food Stamps, WIC, etc...) are not entitlements. They are taxpayer funded handouts and shouldn't be called entitlements at all. Social Security and Veteran's benefits are 'Entitlements' because the people receiving them are entitled to them. They were earned and paid for by the recipients.

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •