LOL. Your "DIE ALREADY" reminds me of this scene.........
Posted on 03/08/2009 1:12:28 PM PDT by rabscuttle385
Sen. John McCain said the Obama administration should've let General Motors fold, rather than keeping it on life support.
General Motors should hand over the factory keys to a bankruptcy court, two top Republicans said Sunday.
Sen. John McCain, R-Ariz., said the best thing for the ailing automaker to do would be to go into Chapter 11 to reorganize some of its business agreements and come out stronger than before.
"I think the best thing that could probably happen to General Motors, in my view, is they go into Chapter 11, they reorganize, they renegotiate ... the union-management contracts and come out of it a stronger, better, leaner, more competitive automotive industry," McCain told "FOX News Sunday."
(Excerpt) Read more at foxnews.com ...
LOL. Your "DIE ALREADY" reminds me of this scene.........
I don’t associate the words Top Republican with Juan McCain.
That's what bankruptcy is for.
What took so long?
Oh, that's right, we printed dollars because GM is just toooo BIG to fail says many Washington politicians!
So GM is in such bad shape they can't survive bankruptcy, but we should still pour billions of taxpayer dollars into a lost cause? Nice logic...
The Federal Government should declare “moral bankruptcy” and allow We The People to replace top management en masse: everyone in all 3 branches!
Chapter 11 permits GM to renegotiate those ridiculous UAW contracts as part of the process. If GM ultimately fails, it won't be without good reason.
That said, some of their vehicles are "decent" and there is value in the company for some buyers of assets (including brands).
McCain should drive off in his foreign SUV and retire. Thanks John. You are another politician that stayed to long.
Busy afternoon!
At this point I don’t care what McLame has to say on any subject.
Just go away old fool.
Good for McCain. Good for free market capitalism.
So why didn’t McCain oppose the Bush bailout of Wall Street last year? Why did that he suspend his campaign and rush back to Washington for the bailout legislation? It made him look like the same old inconsistent RINO.
If he had opposed squandering dollars from the very start, at least he would have stood for SOMETHING.
Thanks grellis.
I don’t live to keep GM in business. I also don’t live to keep AIG or Citibank in business.
Let them all fail.
The billions are already wasted. I'll even consider them a good investment if GM finally dies. Unfortunately though, I suspect GM is like Freddy Kruger and other horror movie villians (Jason - from Friday the 13th, Catherine Tramell - Sharon Stone in Basic Instinct, the Terminator, and the Clinton Crime Family).
the government is certainly not going to help them stay out of bankruptcy at this point.
Looks to me like this government is going to do everything possible to keep them out of bankruptcy to the very end.
Every reason in the book will be used when the target to be saved won’t be the auto companies but the union. Dems owe the union too much. It’s the unions who are too big to fail. Too big=huge campaign contributions.
They (government/industry/union/judges/propagandists) are already floating the new lexicon, “managed bankruptcy” (managed economy/life anyone?) where they offload much of the legacy costs on EVERY U.S. taxpayer. Some of hard-working retirees (with no voice) are in effect told to eat a crap sandwich and die. Then the government/industry/union/judges/propagandists/fascists/collectivists can emerge from this with happy faces, take some pictures, talk to each other, kiss some babies and do some greasy gladhanding before they move forward to their next scam.
Financial Oligarchy (tyranny)
During periods of industrial boom, the profits of finance capital are immense, but during periods of depression, small and unsound businesses go out of existence, and the big banks acquire “holdings” in them by buying them up for a mere song, or participate in profitable schemes for their “reconstruction” and “reorganisation”. In the “reconstruction” of undertakings which have been running at a loss, “the share capital is written down, that is, profits are distributed on a smaller capital and continue to be calculated on this smaller basis. Or, if the income has fallen to zero, new capital is called in, which, combined with the old and less remunerative capital, will bring in an adequate return.” “Incidentally,” adds Hilferding, “all these reorganisations and reconstructions have a twofold significance for the banks: first, as profitable transactions; and secondly, as opportunities for securing control of the companies in difficulties.” - Vladimir Ilyich Lenin
Socialism Is Legal Plunder
You would use the law to oppose socialism? But it is upon the law that socialism itself relies. Socialists desire to practice legal plunder, not illegal plunder. Socialists, like all other monopolists, desire to make the law their own weapon. And when once the law is on the side of socialism, how can it be used against socialism? For when plunder is abetted by the law, it does not fear your courts, your gendarmes, and your prisons. Rather, it may call upon them for help.
To prevent this, you would exclude socialism from entering into the making of laws? You would prevent socialists from entering the Legislative Palace? You shall not succeed, I predict, so long as legal plunder continues to be the main business of the legislature.
The Proper Function of the Law
Can the law — which necessarily requires the use of force — rationally be used for anything except protecting the rights of everyone? I defy anyone to extend it beyond this purpose without perverting it and, consequently, turning might against right. This is the most fatal and most illogical social perversion that can possibly be imagined. It must be admitted that the true solution — so long searched for in the area of social relationships — is contained in these simple words: Law is organized justice.
When justice is organized by law — that is, by force — this excludes the idea of using law (force) to organize any human activity whatever, whether it be labor, charity, agriculture, commerce, industry, education, art, or religion. The organizing by law of any one of these would inevitably destroy the essential organization — justice. For truly, how can we imagine force being used against the liberty of citizens without it also being used against justice, and thus acting against its proper purpose? - Frédéric Bastiat
It said top Republicans but i stopped when it quoted McCain. Even if he is right once in a while, I want nothing to do with him.
I actually _hate_ the anti-authority, anti-capitalist message of it, though..............
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.