Comments on: Obama decides on GM bankruptcy

By: Interesting Economics... - Page 2 - Apoliticalforum.com

Interesting Economics... - Page 2 - Apoliticalforum.com — Tue, 14 Apr 2009 21:13:35 +0000

[...] Two weeks ago, reports had Barack Obama leaning towards bankruptcy for GM as a solution to their problem

By: Hot Air » Blog Archive » GM prepares bankruptcy filing, with $70B taxpayer pricetag

Tue, 14 Apr 2009 21:05:16 +0000

[...] Two weeks ago, reports had Barack Obama leaning towards bankruptcy for GM as a solution to their problem — after soaking taxpayers for $14 billion just a few months earlier. Today, the New York Times reports that GM has prepared a “surgical” bankruptcy, apparently hoping for a debt-ectomy. Don’t worry about the waste, though, because the taxpayers will receive a transplant of all the cancerous liabilities that crashed the automaker, and it’s the government pushing that solution: The Treasury Department is directing General Motors to lay the groundwork for a bankruptcy filing by a June 1 deadline, despite G.M.’s public contention that it could still reorganize outside court, people with knowledge of the plans said during the weekend. [...]

By: The Government Economy | Axis of Right

The Government Economy | Axis of Right — Thu, 02 Apr 2009 12:19:06 +0000

[...] In less than a year, we as a nation have gone from a robust capitalist economic system with some burdensome government regulation to be sure, to a government-controlled economy. The federal government has effectively assumed control, by both legislation and executive order, of the financial and auto industries. This week’s firing of General Motors CEO and replacing him with an Obama administration puppet was only the latest move in the direction of a government economy (the real CEO of GM is now Barack Obama; he is in the process of deciding if GM should file for bankruptcy). [...]

By: “Quick and Surgical?” Yeah, Like a Lobotomy | BobMaistros.com

“Quick and Surgical?” Yeah, Like a Lobotomy | BobMaistros.com — Thu, 02 Apr 2009 12:08:31 +0000

[...] Ed Morrissey at Hot Air brings to our attention, it seems that after all the Sturm and Drang of recent months, Barack Obama [...]

By: amkun

amkun — Thu, 02 Apr 2009 04:59:15 +0000

This was the plan all along. Obama gets to change the board of directors, fire the CEO, then declare bankruptcy so he can give the UAW a lovely parting gift.

By: johnnyU

johnnyU — Thu, 02 Apr 2009 02:54:56 +0000

Follow the money. It will be all of his election buddies.
This guy is as corrupt as they come.

By: Sapwolf

Sapwolf — Thu, 02 Apr 2009 02:36:47 +0000

I hope all the haters have very secure, well paying jobs. When Obama takes my pension away, I’ll be living off the taxpayers.

Dave from Flint on April 1, 2009 at 5:37 PM

F**k you Dave. You never gave a shit about anybody else’s non-union job.

Why the F**k should we give a shit about you getting all your underserved f’in benefits?

I lived up there for some years. You pricks are the most selfish maggots in America.

The big three: Management / UAW / Detroit residents

Armpit of the world.

You never gave a shit about us when IT is inundated with H1B.

Piss on you and eat sh*t!

By: Sapwolf

Sapwolf — Thu, 02 Apr 2009 02:31:27 +0000

Sarah Palin is one good looking babe.

The Wall on April 1, 2009 at 4:11 PM

More importantly, she has a heart of gold.

She’ll be a great POTUS.

The Gipperette.

By: Sapwolf

Sapwolf — Thu, 02 Apr 2009 02:27:51 +0000

From where the sun now stands, I will buy no more UAW products forever.

Hinmahtooyahlatkek on April 1, 2009 at 5:13 PM

Right on! Power to the customer.

By: Obama Auditions For Brewster’s Millions Part 2 | Political Crave

Obama Auditions For Brewster’s Millions Part 2 | Political Crave — Thu, 02 Apr 2009 00:54:48 +0000

[...] has just wasted $17,000,000,000.00 (Billion) of the American Tax Payer’s money in the span of about 70 days before suggesting [...]

By: unclesmrgol

unclesmrgol — Thu, 02 Apr 2009 00:39:47 +0000

Henderson needs to push harder and faster.

By: sven10077

sven10077 — Wed, 01 Apr 2009 23:24:38 +0000

From the second that GM got the first dollar from the fed, you already were.

quax1 on April 1, 2009 at 7:21 PM

cue snare drum….

By: quax1

quax1 — Wed, 01 Apr 2009 23:21:51 +0000

I hope all the haters have very secure, well paying jobs. When Obama takes my pension away, I’ll be living off the taxpayers.

From the second that GM got the first dollar from the fed, you already were.

By: Obama Believes GM Should File For Bankruptcy, But Real Issue; UAW Contracts Not Up For Debate…

Wed, 01 Apr 2009 23:20:13 +0000

[...] Barack Obama believes a quick, negotiated bankruptcy is the most likely way for General Motors Corp. to restructure and become a competitive automaker, [...]

By: sven10077

sven10077 — Wed, 01 Apr 2009 22:55:59 +0000

So, as several have predicted on this blog, the Federal Government will put the UAW on the Federal payroll, and the holders of GM debt will get stiffed.

Skandia Recluse on April 1, 2009 at 6:54 PM

I was one of them…..the UAW will have better federal retirement than soldiers…..

“change”

By: Skandia Recluse

Skandia Recluse — Wed, 01 Apr 2009 22:54:58 +0000

Oh, and the UAW will be paid union scale to produce a product that no one wants, and no one can afford.

By: Skandia Recluse

Skandia Recluse — Wed, 01 Apr 2009 22:54:08 +0000

Obama’s restructuring plan:

Give Chrysler to Fiat (who owns Fiat?)

Since the Federal government is now the guarantor of all GM product warranty, would it not make sense for the Federal Government to guarantee UAW retirement and health care?

So, as several have predicted on this blog, the Federal Government will put the UAW on the Federal payroll, and the holders of GM debt will get stiffed.

By: hip shot

hip shot — Wed, 01 Apr 2009 22:49:52 +0000

sven10077 on April 1, 2009 at 6:45 PM

But these ideas are so good and care for so many people….a mini Congress, we’ve got one too many of them already. Please send a buxom lady I think I’m going to puke!

By: sven10077

sven10077 — Wed, 01 Apr 2009 22:45:39 +0000

I don’t have the rest of my life to do that. The budget and bailout bill are taking all of my time.

hip shot on April 1, 2009 at 6:42 PM

their pensions fund gets “loaned” out, gets used for “great ideas” etc etc

ie they are like a mini Congress…

By: hip shot

hip shot — Wed, 01 Apr 2009 22:42:04 +0000

sven10077 on April 1, 2009 at 6:38 PM

I don’t have the rest of my life to do that. The budget and bailout bill are taking all of my time.

By: Angry Dumbo

Angry Dumbo — Wed, 01 Apr 2009 22:38:43 +0000

Only has to work until the next election cycle. Unions didn’t elect Obama to get bent over the sink. He will need the union vote to get reelected. The structured bankruptcy will be directed by politicians and we know how good they are at safeguarding our money.

OT Did anybody see the video of Medvedev laughing at Obama? He was kicking the floor like a demented ventriloquist’s dummy. He couldn’t contain himself during the press briefing with our President.

By: sven10077

sven10077 — Wed, 01 Apr 2009 22:38:16 +0000

Didn’t the carmakers turn the pension funds over to the union some time ago? What happened to that money?

hip shot on April 1, 2009 at 6:28 PM

google, “social security”, “democrat house majority lasting 42 years”, and “LBJ”….

happy reading…

By: MB4

MB4 — Wed, 01 Apr 2009 22:38:12 +0000

Mr. Obama was a bit slow on the uptake on this one. It took him over 24 hours to figure out that by standing in the way of the BK, he was about to ‘own’ the GM mess.

Neatly sidestepped, sir.

DrW on April 1, 2009 at 6:33 PM

24 hours? Seems like, unless you figure it very narrowly, it took him a lot longer than that. He wouldn’t last long on any battlefield that’s for sure.

By: DrW

DrW — Wed, 01 Apr 2009 22:33:44 +0000

Mr. Obama was a bit slow on the uptake on this one. It took him over 24 hours to figure out that by standing in the way of the BK, he was about to ‘own’ the GM mess.

Neatly sidestepped, sir.

By: hip shot

hip shot — Wed, 01 Apr 2009 22:28:39 +0000

Didn’t the carmakers turn the pension funds over to the union some time ago? What happened to that money?