My New GM Car

[we vs us]

I was wondering how long it would take the first Obama waistbander to come to his defense.

I'm not sure what a waistbander is.  How can I be insulted when I don't understand your GOP l33tspeak?

I'm just saying that, if we're going to have bailouts (and both GOP and Democratic Presidents agree, we need to have bailouts), wouldn't we rather hold those who accept the bailouts responsible for what they do with it? 

[guido911]

I'm not sure what a waistbander is.  How can I be insulted when I don't understand your GOP l33tspeak?

I'm just saying that, if we're going to have bailouts (and both GOP and Democratic Presidents agree, we need to have bailouts), wouldn't we rather hold those who accept the bailouts responsible for what they do with it? 

Since when does our President have the authority to demand private sector employees resign? Also, if we are going down this path with GM, then let's get the persons responsible for those outrageous UAW contracts fired as well.

As far as "waistbander" is, try thinking about how you are knee high to our President under any circumstance.  That's where you and many in this forum worship at the altar (as soccerdoosh pens) of Obama.

[RecycleMichael]

As far as "waistbander" is, try thinking about how you are knee high to our President under any circumstance.  That's where you and many in this forum worship at the altar (as soccerdoosh pens) of Obama.

Guido...stay away from the poster "shadows"...

[USRufnex]

I'm not sure what a waistbander is.  How can I be insulted when I don't understand your GOP l33tspeak?

I'm just saying that, if we're going to have bailouts (and both GOP and Democratic Presidents agree, we need to have bailouts), wouldn't we rather hold those who accept the bailouts responsible for what they do with it? 

guido got tired of using "spooner" -- just like he's tired of calling me a POS and comes up with creative name calling to bolster his case... it ain't working, and nobody's "worshipping" Obama here, you cheap hack....

I think maybe we should let the guy complete his first year in office before passing judgement... after that, let the high-tech lynchings begin...   

[swake]

Since when does our President have the authority to demand private sector employees resign?

When they cashed that check for 16 billion dollars is when.

[Hoss]

guido got tired of using "spooner" -- just like he's tired of calling me a POS and comes up with creative name calling to bolster his case... it ain't working, and nobody's "worshipping" Obama here, you cheap hack....

I think maybe we should let the guy complete his first year in office before passing judgement... after that, let the high-tech lynchings begin...   

I'd love to hear him cross someone in court just once to see how long it would take him to call him a 'spooner' or a 'POS'.  I bet he has hypertension issues bigtime.  You'd start to see the little veins in his forehead distend.

Hey Gweed, are you on the list of defenders for the action that Spain is seeking against some of the Bush regime?  Is it going to be pro bono?  You Freeper you!

http://www.nytimes.com/2009/03/29/world/europe/29spain.html?_r=1

Harhar!

[joiei]

Also, if we are going down this path with GM, then let's get the persons responsible for those outrageous UAW contracts fired as well.

You are so quick to blame the actual workers who actually build the product.  What about the Robber Barons at the top who steal millions of dollars in salary and bonuses as they are driving the companies into the ground for their own personal profit putting thousands of Americans out of work.  What do those Robber Barons build, nothing but their own little nest eggs.  They rape a company and move on to find another company to rape and pillage. 

[Gaspar]

You are so quick to blame the actual workers who actually build the product.  What about the Robber Barons at the top who steal millions of dollars in salary and bonuses as they are driving the companies into the ground for their own personal profit putting thousands of Americans out of work.  What do those Robber Barons build, nothing but their own little nest eggs.  They rape a company and move on to find another company to rape and pillage. 

You're right.  Within the next couple of years all the Robber Barons will be punished.  They will choose to move on, move out, or retire.  GM and other large evil corporations will cease to exist without them.  Of course thousands of workers will have to find jobs.  Their skill set is limited, so I'm sure the government will create projects just for them.  Perhaps a government built automobile.  Who knows.  But at least the fat cats will get their punishment.  Yippee. 

The singular mistake was the bailout.  Companies must be allowed to succeed or fail on their own merit.  Pain is always a possibility.  No company we gave bailouts too will survive.  We have simply made their demise prolonged and painful.  Some may linger for the next 10 years pulling on the government breast like a hungry child.  The great minds will move on, leaving a government supported circus of lackards and yes-men. A reward for failure encourages failure.  Always. 

Gault where are you?

[cannon_fodder]

Galt*   Who is John Galt.  Not Gault.   

Literary references are much less impressive when the name is consistently spelled wrong.   


I don't understand why you blame the people who are just looking out for their own interest.  They have a right to try and earn the best living they possibly can and support their families in the best possible manner.  If the company thinks it is worth paying them $X for their services, then so be it.   Plus, most of those guys work long hours and have put time in to building the skills that enable them to work their job.  True, they probably wouldn't be able to make that much money at some other company with their skill set, but who are we to tell them how much money they can make and blame the collapse of the company on them looking out for their own best interest.

Now tell me if that argument applies to the overpaid union workers or the over paid executives.   I say both.  When a company is failing for over a decade - neither party deserves to earn near the top of the food chain.   The executives clearly made bad decisions at the top and the workers productivity didn't justify their extravagant salaries.  Both when viewed in line with other persons with similar skill sets.

The workers get more sympathy from me as they have less of a say.  But collective bargaining is a two way street.  You rise, and fall with the herd.  I have trouble mustering any sympathy for the executives.

One has to wonder:  if we would have let Chrysler die off in the 1980's would the American auto industry (executives and UAW) gone into panic mode and stopped the slide?  Maybe even beat back the Japanese, Germans, and others a little bit to hold their market share?  Certainly the billions we spent didn't help in the long run then . . . and probably won't now.

[guido911]

Galt*   Who is John Galt.  Not Gault.   

Literary references are much less impressive when the name is consistently spelled wrong.   

Um, he was referring to Willie Gault, former wide receiver of the Chicago Bears.

[Gaspar]

Um, he was referring to Willie Gault, former wide receiver of the Chicago Bears.

Where is Willie?

Spell check on my Mac has a problem with Galt.   

[RecycleMichael]

Will he?

[we vs us]

Remarkably enough, Obama is a half step away from letting GM and Chrysler enter Chapter 11:

In surprising findings to be outlined at the White House on Monday, President Obama has concluded that neither GM nor Chrysler as they now exist deserve more bailouts. But the White House is sparing them for a month or two, and is promising American consumers that the government will stand behind warranties if the automakers fail.

Most remarkably, the administration demanded that GM CEO Rick Wagoner resign so the company could remake itself "with a clean sheet of paper." And he did, effective immediately. The administration also said GM has been given a "goal of replacing a majority of the board over the coming months."

The administration found that both carmakers had failed to prove their "viability" as required under the terms of the massive government loans they've already received, and determined that neither should receive another bailout.

"We have unfortunately concluded that neither plan submitted by either company represents viability, and therefore does not warrant the substantial additional investments that they requested," a senior administration official told reporters on a conference call Sunday night.

While there's always the chance that letting the automakers fail could constitute a "Lehman Bros. moment" for the markets at large, this at least shows that Obama's willing to draw the occasional line in the sand.  And I think the pivotal element here is that the Administration is still willing to take an active role in shepherding the automakers through Chapter 11.  When Paulson announced that Lehman Bros. was being allowed to fail, there were no such guarantees.

[cannon_fodder]

Found a Gault Chevy dealer:
http://www.gaultchevrolet.com/

"Home of Rock Bottom"  then a new line, "Pricing."

/back on topic

[guido911]

Remarkably enough, Obama is a half step away from letting GM and Chrysler enter Chapter 11...

Good. Attention anyone, I am agreeing with Obama again.