Bailout on the Brink: Judge Set to Rule on Case that Could Reverse Auto Bailout [General Motors]

freebeacon.com ^ | December 6, 2012 | Bill McMorris

[taildragger]

While Obama and Boehner spar, look what is going on in Michigan...

* Right to Work is about to Pass in Michigan.
* Detroit heavily Unionized and unwilling to change just might go bankrupt as Gov. Snyder is loosing patience and may let them go....
* And GM may finally have to go through a real bankruptcy, not something engineering by Obama that took Contract Law back 800 years.

That is a lot of history in a very short time frame....

[SoFloFreeper]

I would love to see that happen. Will the bondholders get their money?

[Chode]

oh God, please oh please oh please oh please oh please let it come to pass...

[NOVACPA]

My thoughts exactly. Since when is a lawful return of capital a “windfall”....only in current day Obamaland.

[BlessingsofLiberty]

GM still owes the American taxpayer millions of dollars. Their stock will never cover the money still owed.

[stickywillie]

isn’t GM building assembly plants in chiner like there’s no tomorrow?

[stickywillie]

chiner motors, now: http://www.youtube.com/watch?v=Lvl5Gan69Wo

[taildragger]

oh God, please oh please oh please oh please oh please

That reminds me...:-)

[nascarnation]

isn’t GM building assembly plants in chiner like there’s no tomorrow?

As would any company expecting to prosper in the future. There's little hope in the US in the Era of Baraq.

[Chode]

LOL!!! i still miss Larson...

[Chode]

LOL!!! i still miss Larson...

[octex]

I read an article here on FR a few months ago that said GM was using bailout money to set up 15 (fifteen) mfg. facilities in China!

That’s hardly saving or creating jobs for Americans.

I hope the Judge properly rules and that GM goes into bankruptcy.

[stickywillie]

I hear you, but GM is building in China on our dollars. and the UAW owns a chunk of GM...how do they like the jobs going to china?

[GeronL]

UAW is sending jobs to China!

BTW- they own a chunk of GM... what is their tax rate?

Or do unions not pay taxes?

[GeronL]

AFL-CIO probably brought in over a billion a year in dues, how much do they pay in taxes?

[SuperLuminal]

Not to worry...obamskyovich says that volt sales will be through the roof...

[RatRipper]

Al Quaeda is alive and GM is Dead!

post of the day!!!!!!!

[zot]

Thanks for the ping. The judge is likely to be “persuaded” to support the illegal Government Motors deal.

[cripplecreek]

The perfect storm. Detroit collapsing, unions collapsing, and now this.



Weekly/biweekly Michigan legislative activism thread

Michigan Action Alert on Right To Work

[PGalt]

Thanks for the ping; post; thread.