Which "guys"?
Then we can hang the GM failure on them. Win-win situation.
The phrase to repeat will be “Obama and the Dems killed GM.”
Finally I agree with the Obamarxist on something. GM and Chrysler need to go bankrupt. the have to get out from under the crushing burdens of their pension and retiree healthcare liabilities. Now, the Obamarxist will not remedy the situation properly and force the elimination of the unions that have destroyed these companies (he'll say that the unions should be stronger) but they do need to restructure each of the companies. They cannot compete under these cost disadvantages placed upon them by suicidal unions.
Imagine this:
A little mouse character (Obozo) standing in a great temple leaning against one of the supporting columns like Sampson, and by simply “squeeking” the temple collapses.
Talk about Communist distruction of capital, assets, and a Nation.
Looking like a triple digit day.
Obama will not let it go bankrupt. He will keep it alive on his terms. It will become more and more expensive to keep it going and he will keep pouring our money in. Wealth transfer to the UAW. He will bankrupt the USA before he lets GM bankrupt. Because the deliberate destruction of the whole country is his plan. Finally — a politician who keeps his promises!!! BROTHER, YOU ASKED FOR IT!
Well maybe Obama will send Wall St some more free money. Every time there is free money announced the stocks jump up, then they find out there are strings, and it goes down. Wall Street Welfare!
I have been predicting that GM is working toward closing all it’s North American plants, because there other divisions are very profitable.
GM should have declared bankruptcy last year and moved all operations overseas.
Can a patriotic American buy a Fascist-made car?
LLS
Pouring more taxpayers money into a moribund industry is just "throwing good money after bad." The government will make a mess of this situation.
A better role for the government would be to protect GM from its creditors during a Chapter 11 bankruptcy filing. GM managers, economists, and financial professionals know what needs to be accomplished to restore GM to fiscal success, not U. S. government officials anxious to try out their new Marxist policies.
Here’s where I disagree with just about everyone here. We gave over $130B to AIG and about $267B to Citigroup without batting an eye. These companies don’t make anything. In AIG’s case, that $$ is going to banks overseas. What we have given to GM and Chrysler is chump change in comparison. Yet these are industries that must somehow be revampled and saved—our industrial base depends on it. I just think our logic and priorities are ass backwards.
When can we expect a roll out from “congressional motors”?
It is getting hard to keep the dance card straight:
GM: no bail-out, it was a loan. GM has already received $13.4 billion in government loans. LOANS, not a bailout. How much say should 0bama have over the loan?
Chrysler has survived on $4 billion in federal aid.