This is the date the UAW forced GM to sign it's first labor contract.
Housing.. check... Banking...check.....Autos...check *O*’s plan is coming along nicely!
/SARC
funny watching the market increase on this news, yea government take over is positive for the market.. not
Grab your wallets. Here comes more taxpayer money thrown down this black hole to ‘help’ GM aka the UNION.
After wasting nearly $20 billion of taxpayer money already? BAH, they should have done or been allowed to do such long before now.
Oh good grief, TOTUS is giving a rhetoric spew on this now..../facepalm.
Might have to start looking at foreign cars.
TOTUS takes credit for all of this - they followed its plan as he told them to do! But of course TOTUS inhearted all of this, it was not its fault that it had to nationalize the largest company in the world. TOTUS says it will change your oil and rotate your tires.
This is like screaming....”Buy Toyota”
GM was just short of a stall.
The govern-loons said, “all we need to do is pull back on the stick just a bit more, and we can start gaining altitude again.”
So they took the controls and pulled back.
I await the GM spin and subsequent crash.
Ref: See British Leyland
We need to fire the Federal Government big time.
Please note everyone... according to the news I heard this morning GM will be 60% owned by the U.S. Government, and 16% owned by the CANADIAN GOVERNMENT as well!
Well, at least the auto-workers will still have their jobs, right? I wonder where they think they’ll find customers for their GOVERNMENT MOTORS cars (same with Chrysler).
And all the talk last fall was that we CAN’T let them file bankruptcy! We just CAN’T we’re ALL DOOMED if they do! Yeah, and this is SO MUCH better isn’t it??? Where did those BILLIONS go? To “settle” their books before they went to court or something?
I don’t suppose we’ll hear much from those who were pushing for all the stimulus bills coming on this thread apologizing either...
>...the Obama administration’s plan to shrink the automaker to a sustainable size <
I will do everything in my power to avoid paying taxes. I’ll cut back, take less money, barter when we can, take every deduction I can possibly find, I will structure it so that they get as little as possible. I will not ever buy a GM car. Read my lips, NEVER. In fact, they won’t even get a dime for parts or repairs. We are selling the last 2 GM’s this week and we have replaced all with Fords.
I’m sorry, but listening to this GM CEO in the presser leaves little doubt as to why this company is in the toilet.
Now that Obama is head of a corporation and we the people own the government; can we fire him?
Obama is going to mandate fleet purchases to GM?!
in his speech the man is 100% nutso.
The only thing missing is the greek columns and obama playing a violin.