Comments on: GM calls Treasury’s bluff

By: Ed Driscoll » As GM Goes…

Ed Driscoll » As GM Goes… — Sun, 31 May 2009 22:29:13 +0000

[...] GM have arrived at this route without the sturm und drang of the last year in DC?As Ed Morrissey presciently wrote in February: When the Bush administration and Congress started discussing a [...]

By: Ed Driscoll » What’s Good For GM…

Ed Driscoll » What’s Good For GM… — Sun, 29 Mar 2009 21:59:29 +0000

[...] before the bailout; but begging the federal government for operating money rather than temporarily declaring bankuptcy and restructuring the company puts them into the position of making President Obama’s [...]

By: GM polishes its plan « Internet Scofflaw

GM polishes its plan « Internet Scofflaw — Mon, 16 Feb 2009 23:37:55 +0000

[...] the finishing touches on its plan for profitability. The plan is for the government to keep giving GM money: General Motors Corp., nearing a federally imposed deadline to present a restructuring plan, will [...]

By: AllosaursRus

AllosaursRus — Mon, 16 Feb 2009 19:41:08 +0000

To tell ya thruth folks, WE”RE JUST ABOUT DONE!

No other country in the history of the world can sustain this garbage and still exist in it’s original pretense! Perhaps we could improve the Constitution so left wing idiots cannot read between the lines!

We had a helluva run, but I fear the time has come for us to fraction into several small countries with a military treaty among those willing to fund it. I’ll leave the geography to you. Doesn’t take much imagination to figure out borders.

By: UNREPENTANT CONSERVATIVE CAPITOLIST

UNREPENTANT CONSERVATIVE CAPITOLIST — Mon, 16 Feb 2009 16:07:22 +0000

I suppose working at a honda dealership disqualifies me from comment, but i feel the need anyway.

I believe GM will be broken up into viable parts by a bankruptcy judge, and the UAW will be told to go get bent.That union has done everything it could to suck the blood out of GM and it succeeded in bankrupting its lifesource, the shareholders of GM. Watch for the Great Union Bailout of 2009,as the next piece of legislation to get rammed ~~up our ass~~ through Congress without anyone reading it.

By: Grand Theft Auto Bailout 2: Electric Bugaloo « JoHNBRoDiGaNDoTCoM

Grand Theft Auto Bailout 2: Electric Bugaloo « JoHNBRoDiGaNDoTCoM — Mon, 16 Feb 2009 15:52:37 +0000

[...] Hmmm… Talks between the United Auto Workers and General Motors Corp central to a turnaround plan for the struggling automaker have broken down over the issue of retiree healthcare costs, a person briefed on the talks said on Saturday. A parallel set of talks between Chrysler LLC and the UAW over similar concessions were continuing over the weekend but little progress had been made, a person briefed on those negotiations said. [...]

By: OldeSCfan

OldeSCfan — Mon, 16 Feb 2009 14:32:05 +0000

This could turn out to be Obama’s ‘Air Traffic Controller’ moment. If he throws the UAW under the bus, this guy gains instant credibility with many middle-of-the-roaders. This political support would allow him to make much broader steps with his social programs than he may want to chance now. Besides, look at how many newly unemployed autoworkers there will be to be taken care of.

By: hawkdriver

hawkdriver — Mon, 16 Feb 2009 12:40:33 +0000

Hungry?

Eat your union card.

By: Snake307

Snake307 — Mon, 16 Feb 2009 10:01:23 +0000

Support the Free Market, buy foreign cars.

By: NoLeftTurn

NoLeftTurn — Mon, 16 Feb 2009 08:55:14 +0000

Wasn’t Gettlefinger all contrite back in the fall when they got their first extortion payment, despite that the majority of Americans were strongly opposed to it? I believe he said the UAW would be willing to make concessions. We can see how long that lasted. I grew up in a union town. It is this brand of arrogant hubris that was responsible for shutting down factories and sending them to the South were labor was cheaper and non-union. It’s only in the last five or ten years that the town is starting to recover. For that alone, unions will NEVER have my support.

When is it going to be time to dump 10 tons worth of tea bags on the steps of the Capitol building and the White House lawn? This train wreck is just going to keep speeding out of control until we physically rise up and insist that it stop.

By: cyclosarin

cyclosarin — Mon, 16 Feb 2009 07:37:57 +0000

The irony is Ford get punished with a competitive disadvantage for doing the right thing by not taking bailout money and trying to reform their business.

Once the other two get bailout money they will always be ahead of Ford on a cost basis.

By: profitsbeard

profitsbeard — Mon, 16 Feb 2009 05:00:12 +0000

In a sane system, the consumer bails out companies by buying the worthwhile products they produce.

If they fail to make desirable goods, they start to lose customers, and, either adapt or go under.

Why should our taxes be hi-jacked to try to futilely change the fundamental reality of “supply and demand”?

Let the consumers vote with their wallets, don’t steal our money in order to prop up these economically-obtuse zombies.

By: darkpixel

darkpixel — Mon, 16 Feb 2009 01:43:40 +0000

Socialism does have predictable endings.

Freddy on February 15, 2009 at 7:25 PM

Here’s an “artists’ rendering” of what Quality Control will look like in Freddy’s predicted Obama-autotopia:

http://www.youtube.com/watch?v=tRX7E0yZxh0

By: hillbillyjim

hillbillyjim — Mon, 16 Feb 2009 01:27:49 +0000

The same thing is happening with the bailouts of various state government budgets–rewarding bad behavior only reinforces it, assures its repetition, and delays the inevitable day of reckoning to no one’s benefit and to the detriment of all of us and our beloved country.

When will our government start behaving like Americans?

By: Freddy

Freddy — Mon, 16 Feb 2009 00:25:37 +0000

Always willing to make predictions I suggest the following:

GM and Chrysler will go into a ‘government backed re-organization’. As a part of the reorganization, the UAW will become the new management. The US taxpayers will become the new ‘money’ behind the UAW. The UAW will direct whatever funding is necessairy to ‘take care of their retirees’. The US congress will direct the UAW to make ‘the new cars of the future’ as defined by the Obama appointed Auto Czar.

The cars produced by this new federal auto company will be ‘financially unsuccessfull’ and will require annual government payments in the same manner as AMTRACK.

The US Taxpayer will continue to fund this mess until they finally elect representatives that actually care about them more than all of the various special interests that will be formed around these GSE’s!

Socialism does have predictable endings.

By: jgapinoy

jgapinoy — Mon, 16 Feb 2009 00:01:13 +0000

Union greed has destroyed other American industries; why not autos, too?

By: notagool

notagool — Sun, 15 Feb 2009 23:59:59 +0000

By By, GM. Gee, we hardly knew ya.

By: Wine_N_Dine

Wine_N_Dine — Sun, 15 Feb 2009 23:58:56 +0000

I am still amazed at how fast our federal government has lost it’s collective mind. In the space of 6 months we’ve completely redefined the role of the feds as defined by our founding fathers and honored for 223 yrs. Scarey times…

By: alternative failures

alternative failures — Sun, 15 Feb 2009 22:58:44 +0000

Since Obama became President all I ever hear now is “I told you so” or “I told you this would happen”. Can we really wait for the Republican Party to stand up or are we to expect the Auto Industry to be nationalized just like Lindsey Graham wants for our Banks

By: njcommuter

njcommuter — Sun, 15 Feb 2009 22:55:15 +0000

I was against bankrupcty because of the uncertainty it would create among consumers (like me). But with the Dems in control of all three branches of government, it now looks like the only reasonable solution.

By: ericdijon

ericdijon — Sun, 15 Feb 2009 22:39:14 +0000

s/b:

ronsfi on February 15, 2009 at 5:31 PM

The good news is I doubt you are actually demoralized. Massively disappointed perhaps, but not demoralized.

(laying down – laptop on wobbly belly)

By: ericdijon

ericdijon — Sun, 15 Feb 2009 22:37:07 +0000

ronsfi on February 15, 2009 at 5:31 PM

The good news is I doubt you are actually demoralized. Massively disappointed perhaps, but not demoralized.

By: ronsfi

ronsfi — Sun, 15 Feb 2009 22:31:00 +0000

I’m so disgusted and demoralized.

By: tarpon

tarpon — Sun, 15 Feb 2009 22:29:13 +0000

Well that first series of bailouts accomplished a lot. About as much as porkulus will do. I talked with some other folks today, they were adamant that porkulus would not work. Most were business people, some were employees.

The answer, cut taxes fast, deep and now. And even that may not work.

By: duff65

duff65 — Sun, 15 Feb 2009 21:51:19 +0000

In a sane world GM would have gone Chapter 11 last year. But the Dems have to protect the UAW and will regardless of the cost. One can only hope that this time GM bit’s the bullet and does it. They could break the UAW and reorganize as a viable company again.