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Government, UAW To Own 89% Of GM In Restructuring
Start Thinking Right ^
| April 27, 2009
| Michael Eden
Posted on 04/27/2009 2:37:46 PM PDT by Michael Eden
click here to read article
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To: Michael Eden
Nobody but government will be buying.
21
posted on
04/27/2009 2:49:24 PM PDT
by
RasterMaster
(DUmocrats - the party of slavery, sedition, subversion, socialism & surrender)
To: bamahead
22
posted on
04/27/2009 2:50:07 PM PDT
by
KoRn
(Department of Homeland Security, Certified - "Right Wing Extremist")
To: Michael Eden
How can Ford deal with the UAW now? Historically the UAW rotates which car company gets threatened with a strike to negotiate a new contract. Since it won’t be GM and probably won’t be Chrysler (depending on the choice of bankruptcy or Fiat takeover), Ford will be the one punked by the UAW every time.
23
posted on
04/27/2009 2:50:31 PM PDT
by
KarlInOhio
(No free man bows to a foreign king.)
To: Michael Eden
The UAW and Obama get 89% of GM? Making cars will be secondary to fleecing the taxpayer.
24
posted on
04/27/2009 2:50:43 PM PDT
by
VeniVidiVici
(Sprechen sie Austrian?)
To: dfwgator
The Soviets had their little car company, too.
25
posted on
04/27/2009 2:51:33 PM PDT
by
Michael Eden
(Better to starve free than be a fat slave. Semper Vigilanis)
To: Michael Eden
It’s time for a new non-union automaker to compete with Government Motors.
To: Michael Eden
Oh yeah, this will end well...
I own 3 GM cars and they will be the last GM cars I ever buy.
27
posted on
04/27/2009 2:51:41 PM PDT
by
Kozak
(e)
To: Michael Eden
They won’t be selling one to me.
28
posted on
04/27/2009 2:52:15 PM PDT
by
boycott
To: Michael Eden
I now take an oath NEVER to buy any kind of GM vehicle, never to buy any of their future stocks or future bonds!
29
posted on
04/27/2009 2:52:35 PM PDT
by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: Michael Eden
The people that currently own 100%, the current stock-holders,
will now get 11 cents on the dollar?
Sounds like a great deal to me. /s
30
posted on
04/27/2009 2:52:42 PM PDT
by
edge10
(Obama lied, babies died!)
To: bushwon; Swanks
That’s the deal. This is the union’s wet dream (at least until the whole thing implodes).
I think their view is that the government will keep pumping money in to pay for their baby’s incessant needs.
We can go back to the fascists of Germany. As corporations faced increasingly difficult times, many of them traded their freedom for security. And they never got their freedom back.
Why won’t Obama let the banks repay loans? CONTROL.
31
posted on
04/27/2009 2:56:06 PM PDT
by
Michael Eden
(Better to starve free than be a fat slave. Semper Vigilanis)
To: 2banana
I bought about $400 in stock when it was trading low. But as I saw what Obama was doing, I sold it (made about a quarter per share for about a $30 total profit).
No way I’d buy stock in Obama Motors.
Btw, do you notice that saying, “OM” is a form of worshipping our messiah?
http://hinduism.about.com/od/omaum/a/meaningofom.htm
32
posted on
04/27/2009 2:59:47 PM PDT
by
Michael Eden
(Better to starve free than be a fat slave. Semper Vigilanis)
To: edge10
“The people that currently own 100%, the current stock-holders, will now get 11 cents on the dollar?”
No they are slated to get 1%, and the bondholders 10%.
In bankruptcy court the common stock holders rate to get 0%, and the bondholders almost everything.
Why should the bondholders agree to take less? Are they going to be sent to GITMO if they say no?
33
posted on
04/27/2009 3:02:10 PM PDT
by
devere
To: Michael Eden
Just add a couple of Zero's to the cost...
34
posted on
04/27/2009 3:02:22 PM PDT
by
Kozak
(e)
To: N. Theknow
Only two things left to do:
1. Build a wall to keep taxpayers from fleeing the country
2. Invade France.
- - - - - - -
Obama doesn’t want to INVADE France; he wants to BECOME France.
Obama is like a Fuhrer who wholeheartedly believes in the circular firing squad.
35
posted on
04/27/2009 3:02:46 PM PDT
by
Michael Eden
(Better to starve free than be a fat slave. Semper Vigilanis)
To: Michael Eden
36
posted on
04/27/2009 3:03:58 PM PDT
by
Extremely Extreme Extremist
("President Obama, your agenda is not new, it's not change, and it's not hope" - Rush Limbaugh 02/28)
To: TexasNative2000
I’m sorry - what did you say? I’ve been too busy worrying about the Swine Flu and that Air Force One flyover in NYC.....
- - - - - - -
No apology necessary. Given who is aboard Air Force One, I’d be worried of it being used for terrorism too.
37
posted on
04/27/2009 3:04:35 PM PDT
by
Michael Eden
(Better to starve free than be a fat slave. Semper Vigilanis)
To: Michael Eden
I will not buy another GM product again if this is the case
38
posted on
04/27/2009 3:06:09 PM PDT
by
truthandlife
("Some trust in chariots and some in horses, but we trust in the name of the LORD our God." (Ps 20:7))
To: KoRn; Abathar; Abcdefg; Abram; Abundy; akatel; albertp; AlexandriaDuke; Alexander Rubin; ...
A tremendous day for Statism, a dark day indeed for the free market and for individual liberty.
Libertarian ping! Click
here to get added or
here to be removed or post a message here!
39
posted on
04/27/2009 3:06:15 PM PDT
by
bamahead
(Few men desire liberty; most men wish only for a just master. -- Sallust)
To: Michael Eden
Now the other automakers are faced with having to pay taxes to fund their competition.
40
posted on
04/27/2009 3:07:10 PM PDT
by
tacticalogic
("Oh bother!" said Pooh, as he chambered his last round.)
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