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To: Huskrrrr

Zero screwed the bondholders and saved the union. GM should have gone thru bankruptcy; reorganized under competent management and de-certified the union.


3 posted on 11/18/2010 2:56:32 PM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: SVTCobra03

It WAS a union bailout.
The funny thing is, in the 010 elections, that didn’t seem to help Democrats at all.

With private sector unions at 11% of the workforce and declining, their influence continues to deteriorate.

And don’t be fooled by the UAW’s membership numbers either. The actual auto workers are fading away fast. A lot of their membership now is public sector and nurses.


10 posted on 11/18/2010 3:06:18 PM PST by nascarnation
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To: SVTCobra03

BINGO including tag.


11 posted on 11/18/2010 3:06:34 PM PST by mcshot (The dude is bent on our destruction as a superpower.)
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To: SVTCobra03
GM should have gone thru bankruptcy; reorganized under competent management and de-certified the union.

If they had, I would have gladly supported them with my next purchase. After watching the bondholders get screwed, it will be a Ford or a transplant for me.

15 posted on 11/18/2010 3:09:45 PM PST by TwelveOfTwenty (Compassionate Conservatism? Promoting self reliance is compassionate. Promoting dependency is not.)
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To: SVTCobra03

Precisely right (bankrupty, restructure, non-union). Without downsizing, work rule changes, contract wage changes, and pension changes, GM is going to right back where they were in a few years. And the prospectus for the IPO had a buried footnote that you cannot sue them for fraud, either.


18 posted on 11/18/2010 3:14:24 PM PST by ProtectOurFreedom
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To: SVTCobra03
Zero screwed the bondholders and saved the union.

Well, the media told us he was like Lincoln. Sort of.

36 posted on 11/18/2010 4:36:48 PM PST by Charles Martel ("Oh, Bother", said Pooh... as he chambered another round.)
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To: SVTCobra03

Zero screwed the bondholders and saved the union. GM should have gone thru bankruptcy; reorganized under competent management and de-certified the union.


I agree—I don’t understand how it was legal to screw the bondholders and stockholders and now offer a new IPO


42 posted on 11/18/2010 6:10:41 PM PST by Freedom56v2 ("If you think healthcare is expensive now, wait till it is free"--PJ O'rourke)
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