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GM BANKRUPTCY PLAN CALLS FOR QUICK SALE TO GOV'T
Reuters Via Drudge Report ^
| 05/19/2009
| Chelsea Emery and Tom Hals
Posted on 05/19/2009 12:29:20 PM PDT by autumnraine
Edited on 05/19/2009 2:07:32 PM PDT by Admin Moderator.
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To: autumnraine
I will never buy another single government-made vehicle, GM and Chrysler. From now on the rule of thumb is...non-government owned, freemarket vehicles!
Stop Socialism!
181
posted on
05/19/2009 5:01:49 PM PDT
by
BlackjackPershing
("An appeaser is one who feeds a crocodile, hoping it will eat him last." Winston Churchill)
To: culpeper
Where in the bill does it say the loans can be forgiven? How is this legal?
182
posted on
05/19/2009 5:03:16 PM PDT
by
o2bfree
To: editor-surveyor
"Similarly, Nazi leaders in Germany do not fear possible national economic ruin in wartime. They feel that, whatever happens, they will remain on top, that the worse matters become, the more dependent on them will be the propertied classes. And if the worst comes to the worst, they are prepared to sacrifice all other interests to maintain their hold on the State.
If they themselves must go, they are ready to pull the temple down with them."
From the preface to The Vampire Economy - Doing Business Under Fascism by Gunter Reiman, September 1939
To: Old Professer
I think you’ve got a point there. Frankly, I wouldn’t be surprised to see our auto companies go under. I don’t think Obama has a clue, and he wants to be CEO of everything.
It is chilling to realize he’s going to do the same thing to our banks and lending institutions, that he has done to our auto industry.
184
posted on
05/19/2009 5:15:51 PM PDT
by
DoughtyOne
(Obama is mentally a child of ten. Just remember that when he makes statements and issues policy.)
To: meyer
And abandon all their stockholders???
No decent senior executive would do that...they all would take the lesser of all evils....
Pipe dream......
185
posted on
05/19/2009 5:17:00 PM PDT
by
nevergore
("It could be that the purpose of my life is simply to serve as a warning to others.")
To: autumnraine
I hope I'm not alive to see the inevitable second Civil War in this country.
But at this rate, I'm suspecting I might.
186
posted on
05/19/2009 5:41:49 PM PDT
by
Psycho_Bunny
(ALSO SPRACH ZEROTHUSTRA)
To: jongaltsr; All
The Wikipedia page on Notre Dame University has been locked to prevent changes. Ask me how I know that!
187
posted on
05/19/2009 6:06:43 PM PDT
by
rdl6989
To: nevergore
And abandon all their stockholders??? No decent senior executive would do that...they all would take the lesser of all evils.... Given that the new president is a socialist/fascist, and given the great treatment that the GM shareholders have gotten from the administration, the lesser of all evils would be to utilize a scorched earth policy. The shareholders will get hosed by the government anyway, so it would be best if the government gets nothing as well.
I can't believe that there are still people here that don't realize that we're in the beginning stages of a war here. Don't give the enemy anything.
188
posted on
05/19/2009 6:11:59 PM PDT
by
meyer
(Obama is to the USA as Mugabe is to Zimbabwe.)
To: TaxMe
Who in their right mind would buy a car made by Government Motors?
189
posted on
05/19/2009 6:16:23 PM PDT
by
Blood of Tyrants
(Socialism is the belief that most people are better off if everyone was equally poor and miserable.)
To: TaxMe
Third generation GM buyer here. I’ve bought the last one.
To: brownsfan
No, Russia has learned and backed away from Socialism. Funny you mention that because some of the biggest business entities in Russia currently--namely Gazprom, Rosneft, Channel 1 Russia, and VGTRK--have extensive Russian government ownership.
191
posted on
05/19/2009 6:23:09 PM PDT
by
RayChuang88
(FairTax: America's economic cure)
To: TaxMe
I moved from a Chrysler (Jeep) that I had had for several years and lots of miles to a Highlander in 07. It is a great car. Safety and style were the deciding factors.
192
posted on
05/19/2009 6:25:55 PM PDT
by
Blogger
(It is in the religion of ignorance that tyranny begins. - Ben Franklin)
To: RayChuang88
It just doesn’t seem like anyone has the guts to challenge Obama to the US Supreme Court and challenge his “doings”.
Amazing, simply amazing. No guts left in this country.
193
posted on
05/19/2009 6:37:59 PM PDT
by
CincyRichieRich
(Keep your head up and keep moving forward!)
To: editor-surveyor
194
posted on
05/19/2009 6:40:57 PM PDT
by
Squantos
(Be polite. Be professional. But have a plan to kill everyone you meet)
To: autumnraine
About the only way to sell a stock like this would be if people are forced to buy in mass quantity.So ... how long will it be before the IRS tax laws are re-written to force IRAs to have such toxic assets (such as GM, bailed out banks, etc) to be part of their portfolio?
I bet not long at all ... and Obama will paint it as a benefit to the investor.
195
posted on
05/19/2009 6:49:16 PM PDT
by
BP2
(I think, therefore I'm a conservative)
To: Sleeping Freeper
Obama will NOT get a second term; he’ll be lucky as hell to make it through his first one.
196
posted on
05/19/2009 6:52:20 PM PDT
by
HKMk23
(The Truth isn't something; it's someone. | Tolerance is the virtue of the man without convictions.)
To: autumnraine
Here is an idea. Put all of the UAW workers and the outdated plants in the rust belt into the toxic company, and only the newer plants in right to work states into the good company. Let the good company hire non-union labor.
Problem solved.
Why do I fear the reverse is what will actually happen?
To: autumnraine
Just doing it before they are forced to.
I am glad my grandfather didn’t see what happened to his country.
198
posted on
05/19/2009 6:55:02 PM PDT
by
redgolum
("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
To: Pete
If someone told me that Obama would nationalize the banks and the auto industry in his first 150 days, I would have thought them crazy. This is truly astonishing. We've got over three and a half years left... very left.
199
posted on
05/19/2009 6:58:24 PM PDT
by
GOPJ
(If printing money was an answer, why don't Haitians "print" their way out of poverty?)
To: DoughtyOne
Banks, lending institutions... whats next?Commercial real estate. Obama wants to leave the people their feeling of freedom with home ownership, but the government will surely soon own every condo development, hotel, and commercial property that is over-leveraged or under capacity. Mark my words. That's what's next.
200
posted on
05/19/2009 6:59:07 PM PDT
by
dannyboy72a
(The President of the United States should not be selling me insurance)
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