Posted on 06/11/2012 9:46:53 PM PDT by what's up
Mitt Romney plans to shed the government’s stake in General Motors if he wins the presidency, even if it means taking a loss, the presumptive GOP nominee told the Detroit News.
(Excerpt) Read more at blogs.wsj.com ...
GM should be broken up.
This is going to be interesting to watch.
Thanks, what’s up.
Why not just “GET GOVT OUT OF THE WAY” and let them Rise or Fall on their own and HOLD THEM ACCOUNTABLE for the $ they owe... They have assets
At least Romney knows how to take a failing Company over.
If we can teach him Conservatism on the way it would be a win win
TT
Government has NO BUSINESS running a Private Enterprise.
They have even LESS business running that free enterprise as a way to boost the numbers and propaganda of the rulers, in a FREE society.
GM should be left alone, no government involvement, and let the market decide.
“Too Big to Fail” to me means it should be broken up.
By the big government standard, and given the Dept of Energy’s wasted spending, $16 billion is a drop in the bucket if it gets the feds out and GM has to live or die on it’s own.
We can always just list the taxpayers as a creditor and get it back over time or let GM go under.
The best thing the feds can do to help the auto industry is to DUMP the CAFE standards, tell the UAW to get F’ing off, and let them make the cars people want or go out of business.
At least Romney knows how to take a failing Company over.
If we can teach him Conservatism on the way it would be a win win
You agree that he’s doing something conservative and then hope to teach him conservative things.
He’s on the right track here, imo. Shows signs of good old fashoned American business sense.
I wonder if there would be any further plans to make whole the GM bondholders who got royally scrood as a result of team obama ‘saving’ GM.
GM’s stock is currently owned by:
1) The US Government
2) Saudi Arabioa
3) Red China
Those three own well something like 60% or more of the stock.
The so called public offering did not pay the taxpayer back and we are still left something like 16 billion dollars behind in the equation.
All of Obama’s and Biden’s talk about GM lives is just a sham. It lives because the US taxpayers are on the lamb, and because Obama allowed what could be sold off to be sold to nations who definitely do not have the US or its citizens best interest in mind.
THE MAN WHO DEPSISES AMERICA
http://www.jeffhead.com/obama-time.htm
AMERICA AT THE CROSSROADS OF HISTORY
http://www.jeffhead.com/crossroads.htm
The sole role of the federal government should be national defense. Nothing else. Period. Paragraph.
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Good- pass/fail, let the chips fall. Maybe some outfit with a modicum of brains will scoop it up at a bargain and make it work, as should have occurred firstly.
Exactly! Chop it up and sell it to Ford!
Come on, get the facts straight. GM ownership is as follows:
61% US Government
17.5% UAW
11.7% Canadian Government
9.8% Bondholders from the old company
Yep.
My bad.
The 61% US Government holding is now down to 33%
28% was sold to the public as an IPO.
Thanks GM dude for the private message.
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