Comments on: Obama plans to convert GM loan into gift

By: CynicalOptimist

CynicalOptimist — Thu, 21 May 2009 16:34:22 +0000

Snap of a finger
Stroke of a pen…
It’s MAGIC
$15,400,000,000
Disappeared. Gone
Just like that!
Where did it go?
We all know,
But they don’t care.
The “O” will save us.

By: echosyst

echosyst — Thu, 21 May 2009 02:02:03 +0000

The rationale is simple, Obama is pandering to the union. If GM goes belly up on his watch, it is bad politically for him. It isn’t that hard.

By: Who knew Amtrak was so Exciting? | The Great Illuminator

Who knew Amtrak was so Exciting? | The Great Illuminator — Wed, 20 May 2009 23:28:03 +0000

[...] is any indication of how the government operates businesses, lets hope the feds pass on fully ‘Amtrak-ing’ the American auto industry. If not, get used to seeing government-built cars on the road and we [...]

By: jjshaka

jjshaka — Wed, 20 May 2009 23:25:00 +0000

Like rush said earlier today, the UAW will sell their stake in GM and Chrysler to some sucker keep funding their benefits- what a joke.
Just buy a gas-powered Ford or Toyota- read a review on the Chevy Volt and Honda Insight, it absolutely hilarious how crappy and inefficient they are to run.

By: daesleeper

daesleeper — Wed, 20 May 2009 21:03:19 +0000

I only buy Hondas. Hondas made in Japan.

F the UAW.

By: hawksruleva

hawksruleva — Wed, 20 May 2009 19:52:31 +0000

What’s with the green headlines today? With green AND red, it’s very Christmas-y.

By: Congratulations Taxpayers… You’re About to give the UAW a $15.4 Billion Gift…

Wed, 20 May 2009 19:39:47 +0000

[...] Political payback sure is sweet. [...]

By: Skandia Recluse

Skandia Recluse — Wed, 20 May 2009 19:23:16 +0000

This is Obama using the power of the president to loot federal dollars from the treasury, and gift his UAW supporters who helped elect him

This is the reward organized labor gets for bankrupting their employer, and helping to elect a gangster thug community organizer to power.

UAW will become government employees, building government designed cars that will have to be given away to government employees because no one else will buy them.

By: TrickyDick

TrickyDick — Wed, 20 May 2009 17:35:07 +0000

That’s OK! I’m NEVER going to buy a car made by the UAW ever again. Good luck with being unemployed jerks!

By: TrickyDick

TrickyDick — Wed, 20 May 2009 17:34:39 +0000

That’s OK! I’m NEVER going to buy a car made by the UAW ever again. Good luck with being unemployed jerks!

By: TrickyDick

TrickyDick — Wed, 20 May 2009 17:33:47 +0000

That’s OK! I’m NEVER going to buy a car made by the UAW ever again. Good luck with being unemployed jerks!

By: izoneguy

izoneguy — Wed, 20 May 2009 17:22:23 +0000

I guess I’ll be buying Nissan, Toyota, and Honda from now on.

jeffn21 on May 20, 2009 at 10:23 AM

We have two Nissans now…

My last van was a chevy – what a POS….
I wanted to buy “American” and got screwed…
“Buy American” means nothing anymore with a Marxist in charge.

By: izoneguy

izoneguy — Wed, 20 May 2009 17:20:07 +0000

That makes no GD sense at all.

Mr Purple on May 20, 2009 at 1:17 PM

Nothing Obama does makes any GD sense.

He is just following his pastors advice – GD America…..

By: Mr Purple

Mr Purple — Wed, 20 May 2009 17:17:39 +0000

So…..as long as GM was owned by ‘evil businessmen’ they had to pay back the $15B loan – but now that the government and the UAW own it we can’t possibly expect them to pay back the loan?

That makes no GD sense at all.

By: JohnJ

JohnJ — Wed, 20 May 2009 17:14:05 +0000

At Notre Dame, Obama said he supported a conscience-clause exemption. Where’s my conscious-clause exemption?

By: James

James — Wed, 20 May 2009 16:06:25 +0000

I think its time to change the name of the country to Dollar World!

ronsfi on May 19, 2009 at 6:05 PM

I think I’d rather rename GM to Dollar General Motors.

Then they can sell all those disenfranchised dealerships to Big Lots.

By: progressoverpeace

progressoverpeace — Wed, 20 May 2009 15:54:39 +0000

Blacksmith on May 20, 2009 at 11:44 AM

Geithner just argued, in his senate hearing, that Treasury looks at TARP as a continuing line of revolving credit. He said that if any TARP recipients pay the money back, then Treasury has that same amount released in TARP, again, to go make more mischief in the private markets.

This is so totally out of control and insane that it boggles the mind. Just unreal. Geithner really needs to go. He is a very dangerous guy. And incredibly stupid, as well.

By: Ace of Spades HQ

Ace of Spades HQ — Wed, 20 May 2009 15:51:21 +0000

GM Warns That Its Restructuring May Still Fail…

The failed healthcare and pension company expects to miss a key deadline next week and threatens that bankruptcy may result if it does. GM’s filing said it would announce May 27 whether it would extend the bond exchange or declare……

By: Blacksmith

Blacksmith — Wed, 20 May 2009 15:44:16 +0000

ajacksonian on May 20, 2009 at 6:40 AM

The TARP bill took care of that concern by putting Treasury in charge of disbursements; then they added the auto bailouts to the TARP program. Which is probably highly illegal since there’s no mechanism (so far as I know) for Congress to abdicate its duties and responsibilities. But since nobody’s said “boo” yet to challenge them in court, the bastards are getting away with it.

By: petefrt

petefrt — Wed, 20 May 2009 15:04:28 +0000

So who’s tracking the politics of dealers told to shut down?

maverick muse on May 20, 2009 at 8:53 AM

I seem to recall Rush mentioning it yesterday. He said it was just a theory at this point, but he’d be keeping an eye on it.

Obama has been so ham fisted that it wouldn’t surprise me a bit. In fact, I almost expect it.

By: progressoverpeace

progressoverpeace — Wed, 20 May 2009 14:48:00 +0000

So who’s tracking the politics of dealers told to shut down?

maverick muse on May 20, 2009 at 8:53 AM

I’m wondering how many minority-owned dealerships have been closed.

By: An Offer We Can’t Refuse | Track-A-'Crat: The Roll Call of Democratic Delinquency

Wed, 20 May 2009 14:36:43 +0000

[...] So how does this work? [...]

By: E9RET

E9RET — Wed, 20 May 2009 14:30:20 +0000

The third paragraph disappeared from the update at the link.

By: meci

meci — Wed, 20 May 2009 14:25:44 +0000

15.4 billion to GM and many more to Chrysler converted to gifts. Loans are liabilities but gifts are income. Now ‘The One’ wouldn’t stiff the children of Michigan of much needed tax dollars would he?

By: jeffn21

jeffn21 — Wed, 20 May 2009 14:24:31 +0000

When Obama sees no one is buying his clown cars, he’ll find ways to keep us from buying Ford and foreign cars, you watch.

This man is bankrupting us all.

petefrt on May 20, 2009 at 9:11 AM

I think the plan with these new CAFE standards is partly to destroy Ford, so he can own Ford as well.