A Tale Of Two Autos....

GM was headed for REORGANIZATION which is what 95% of all bankruptcies are of such magnitutde as GM and their asset structure.
NONE of the creditors wanted GM to go under.
But they got fucked by the politics of Obama. First time EVER they gave union folk priority over secured creditors.
Think about how that affects the stock price. Who wants to go long on GM when the facts are GOVERNMENT can stick their hand in it?
 
GM was heading for liquidation. Manufacturing in a strategic assest that we do not want to lose and we didn't.

Here is a list of the WWII General Motors War Material Production 1940-45:

198,000 Diesel engines for tanks & landing craft
206,000 Airplane engines
13,000 Complete bombers and fighter planes
97,000 Aircraft propellors
301,000 Aircraft gyroscopes
38,000 Tanks, tank destroyers and armored vehicles
854,000 Trucks, including amhibious DUKWs
190,000 Cannons
1,900,000 Machine guns and submachine guns
3,142,000 Carbines
3,826,000 Electric motors
11,111,000 Fuses
360,000,000 Ball and roller bearings
119,562,000 Shells
39,181,000 Cartridge cases

Read more: Did General Motors build trucks for world war 2

"GM was heading for liquidation."

So?


That doesn't mean what you think it means.

Worst case, parts of the company sold to entities that could do a better job with 'em.


Don't care to discuss the weight of the Constitution in the matter?
I understand.


Happy Constitution Day to you anyway.

The Consitution didn't weigh in on the matter at all. The government has a long history of bailing out private industry.

Of course it does.


The government is allowed only those powers listed.

At least be honest enough state that you choose not to follow the Constitution.
 
The investment will begin to pay off in the near future for GM.

Of course this has been explained to the public and most normal people understand........
Not so much for the Die Hard Angry Anti-American folks in the Republican party.

Karnak speaks: "The investment will begin to pay off in the near future for GM."


Constitution Day (or Citizenship Day) is an American federal observance that recognizes the adoption of the United States Constitution and those who have become U.S. citizens. It is observed on September 17, the day the U.S. Constitutional Convention signed the Constitution in 1787.[2]
http://en.wikipedia.org/wiki/Constitution_Day_(United_States)

Today is "Constitution Day."
Do you agree that the Constitution is the law of the land?

Where does the Constitution say the government should invest in private companies?

GM was heading for liquidation. Manufacturing in a strategic assest that we do not want to lose and we didn't.

Here is a list of the WWII General Motors War Material Production 1940-45:

198,000 Diesel engines for tanks & landing craft
206,000 Airplane engines
13,000 Complete bombers and fighter planes
97,000 Aircraft propellors
301,000 Aircraft gyroscopes
38,000 Tanks, tank destroyers and armored vehicles
854,000 Trucks, including amhibious DUKWs
190,000 Cannons
1,900,000 Machine guns and submachine guns
3,142,000 Carbines
3,826,000 Electric motors
11,111,000 Fuses
360,000,000 Ball and roller bearings
119,562,000 Shells
39,181,000 Cartridge cases

Read more: Did General Motors build trucks for world war 2



This just in: GM wants back into the free market!


CHICAGO (MarketWatch) -- The Treasury Department is resisting General Motors' push for the government to sell off its stake in the auto maker, The Wall Street Journal reports. Following a $50 billion bailout in 2009, the U.S. taxpayers now own almost 27% of the company. But the newspaper said GM executives are now chafing at that, saying it hurts the company's reputation and its ability to attract top talent due to pay restrictions. Earlier this year, GM GM -1.16% presented a plan to repurchase 200 million of the 500 million shares the U.S. holds with the balance being sold via a public offering. But officials at the Treasury Department were not interested as selling now would lead to a multibillion dollar loss for the government, the newspaper noted.
General Motors pushing U.S. to sell stake: report - MarketWatch
 
"GM was heading for liquidation."

So?


That doesn't mean what you think it means.

Worst case, parts of the company sold to entities that could do a better job with 'em.


Don't care to discuss the weight of the Constitution in the matter?
I understand.


Happy Constitution Day to you anyway.

The Consitution didn't weigh in on the matter at all. The government has a long history of bailing out private industry.

Of course it does.


The government is allowed only those powers listed.

At least be honest enough state that you choose not to follow the Constitution.

You live in an alternative universe. If the governement bailing out companies was unconstitutional do you think they would have outlawed it by now. They didn't and it's not.

History of U.S. Gov’t Bailouts - ProPublica
 
The Consitution didn't weigh in on the matter at all. The government has a long history of bailing out private industry.

Of course it does.


The government is allowed only those powers listed.

At least be honest enough state that you choose not to follow the Constitution.

You live in an alternative universe. If the governement bailing out companies was unconstitutional do you think they would have outlawed it by now. They didn't and it's not.

History of U.S. Gov’t Bailouts - ProPublica

The government lived within constitutional parameters until 1937....FDR.
He had his way with the courts.

You must be blind if you don't see the result...

...oh, you are.


Carry on.
 
Last edited:
The Consitution didn't weigh in on the matter at all. The government has a long history of bailing out private industry.

Of course it does.


The government is allowed only those powers listed.

At least be honest enough state that you choose not to follow the Constitution.

You live in an alternative universe. If the governement bailing out companies was unconstitutional do you think they would have outlawed it by now. They didn't and it's not.

History of U.S. Gov’t Bailouts - ProPublica

1. As an aside, dedicated to your education....do you know that ProPublica is our version of Pravda?



2. “New York-based nonprofit news organization ProPublica is getting a boost from NBC, thanks to its new owner Comcast. And New York television viewers will see more investigative stories…. a partnership with ProPublica…ProPublica, which does extensive investigative reporting and data mining,… ProPublica will receive a donation from NBC, and, in return, will get a wider audience for its stories.” http://www.crainsnewyork.com/article...MENT/111209923

3. This is how deeply the Left has infiltrated every form of information disseminaton…from Wikipedia: “ProPublica is a non-profit corporation based in New York City. It describes itself as an independent non-profit newsroom that produces investigative journalism in the public interest…ProPublica has partnered with more than 50 different news organizations,…” ProPublica - Wikipedia, the free encyclopedia

4. So…who is ProPublica? The best comparison would be to say that NBC just agreed to take its news from the old Pravda.

a. ProPublica began funded by a billionaire husband and wife team who not only spent millions campaigning for President Obama but also topped donor lists to groups like ACORN and MoveOn.org. On its website, Pro Publica describes itself as championing the values of the “weak” against the “strong.”

b. The $10 million yearly grant from Herbert and Marion Sandler, the former chief executives of the Golden West Financial Corporation, which was one of the nation’s largest mortgage lenders and savings and loans. Just before the financial crisis, the Sandlers in 2008 sold their business to the Wachovia Corporation for about $26 billion. The Sandlers are major donors to the Democratic Party and are top funders of ACORN, MoveOn.org, the American Civil Liberties Union and other far-leftist groups like Human Rights Watch.
NBC newsroom gets fresh leftist invasion. Network teams up with


5. Still not convinced about the control of the media? Perhaps these Leftists simply want to invest in excellence in journalism? Think again. This from the Left-leaning Slate:Slate journalist Jack Shafer raised questions [http://www.slate.com/articles/news_a...ler_want.html] about Pro Publica's ability to provide independent nonpartisan journalism given the nature of Sandler's other political donations which include "giving hundreds of thousands of dollars to Democratic Party campaigns." The concern was borne out in a vicious December 2008 attack on natural gas drilling that followed the Democrat no-American-energy agenda. Pro Publica

6. From the Capital Research Center: ProPublica “churns out little more than left-wing hit pieces about Sarah Palin and blames the U.S. government for giving out too little foreign aid.” http://www.capitalresearch.org/pubs/pdf/v1241117859.pdf


So....could they possibly be defenders of 'Big Government' interventions?


Bet your bippy.
 
Of course it does.


The government is allowed only those powers listed.

At least be honest enough state that you choose not to follow the Constitution.

You live in an alternative universe. If the governement bailing out companies was unconstitutional do you think they would have outlawed it by now. They didn't and it's not.

History of U.S. Gov’t Bailouts - ProPublica

1. As an aside, dedicated to your education.

So, does that somehow invalidate the history of the bailouts they listed?

Sad, but not suprising, that you resort to attacking the publication and not the facts.
 
GM says all these cost estimates are GROSS (RW) exageration.

Was 278k, then 95k, now 49k- Total BS, since that includes all the R+D which will be used in other cars as well. AND just plain WRONG anyway.

The bailout bailed out the employees, of COURSE not the crummy management or the investors- it also kept an estimated 6x that number of employees of GM and Chysler suppliers. Not comparable to other industries, a foundation of our economy- and ONLY gov't had any money at the time to do it.

Other conclusions so far:

Volt is a great car, was BS demonized by RW a-holes. NOT 278, 95, OR 49k cost. NO fires!
Silverado Hybrid SUCKS- 21 mpg, a product of the OLD GM.
Volt now selling better than target...

Pub dupes all clueless un-American drones of the greedy rich- oil men in this case, brainwashed to be anti-Dem in ALL things. Mindless...
 
Last edited:
You live in an alternative universe. If the governement bailing out companies was unconstitutional do you think they would have outlawed it by now. They didn't and it's not.

History of U.S. Gov’t Bailouts - ProPublica

1. As an aside, dedicated to your education.

So, does that somehow invalidate the history of the bailouts they listed?

Sad, but not suprising, that you resort to attacking the publication and not the facts.



My point is that it is designed to support your erroneous agreement with the process...and to short circuit any questioning of same.

Works on some.
 
Bailing out private busines has no Constitutuional authority.
Far different than unconstitutional.

Yes there is no explicit provision in the Consitution for a massive bailout of any business. However they must have consider the demise of GM to be so bad for the country that it fell under artiticle 1 sec. 8.
 
GM says all these cost estimates are GROSS (RW) exageration.

Was 278k, then 95k, now 49k- Total BS, since that includes all the R+D which will be used in other cars as well. AND just plain WRONG anyway.

The bailout bailed out the employees, of COURSE not the crummy management or the investors- it also kept an estimated 6x that number of employees of GM and Chysler suppliers. Not comparable to other industries, a foundation of our economy- and ONLY gov't had any money at the time to do it.

Other conclusions so far:

Volt is a great car, was BS demonized by RW a-holes. NOT 278, 95, OR 49k cost. NO fires!
Silverado Hybrid SUCKS- 21 mpg, a product of the OLD GM.
Volt now selling better than target...

Pub dupes all clueless un-American drones of the greedy rich- oil men in this case, brainwashed to be anti-Dem in ALL things. Mindless...

Post BS bump...
 
Bailing out private busines has no Constitutuional authority.
Far different than unconstitutional.

Yes there is no explicit provision in the Consitution for a massive bailout of any business. However they must have consider the demise of GM to be so bad for the country that it fell under artiticle 1 sec. 8.

Let me present an alternative explanation:

The criminal organization know colloquially as the Democrat Party has found a new way to ravage the public coffers and and pass the funds under the table (unconstitutionally) to their supporters, the labor unions.
 
And if you believe for a moment the governments of Japan, Korea and China don't pick winners and losers, you are naive...

Leave it to the idiot liberal dumbocrat to strive to be like Japan (a nation we had to nuke), Korea (a 3rd world country), and China (a communist nation).

This single sentence really illustrates the stupidity of the idiot liberal dumbocrat...
 
Many thanks to Pubs for fear mongering and politicizing the Volt, stopped sales for many months.What happened to each car costing 278k? And all those fires.? What a pile of Pubcrappe, as always. Now selling MORE than hoped....Assume the position, a-hole Pubs and silly dupes...

Another hypocrite, you don't own a VOLT, you don't support GM, I doubt you have a Chevy newer than 2008. Try putting your money where your mouth is.
 
Bailing out private busines has no Constitutuional authority.
Far different than unconstitutional.

Yes there is no explicit provision in the Consitution for a massive bailout of any business. However they must have consider the demise of GM to be so bad for the country that it fell under artiticle 1 sec. 8.

"...so bad for the country that it fell under artiticle 1 sec. 8."

Really????


Could you point out the penumbra under which it would fall?
 

Forum List

Back
Top