Obama.. Flaming out..

[Micky G. Jagger]

In a real reorganization, those contracts would be subject to renegotiation. The GM bondholders had a superior claim, which was de facto voided by the pressure the Obama Administration put upon them to settle for less than they should have received under the law. This was a pay off to the union.

Dude, the U. S. Government doesn't control GM's production, distribution and exchange.

 

[Micky G. Jagger]

The health services of the country will be made available to all citizens. Everyone will contribute to the cost, and no one will be denied the attention, the treatment or the appliances he requires because he cannot afford them.

--Mr. Churchill's Declaration of Policy to the Electors; 1945​

 

[Micky G. Jagger]

The Government accepts as one of its primary aims and responsibilities the maintenance of a high and stable level of employment.

--Mr. Churchill's Declaration of Policy to the Electors; 1945​

 

[Micky G. Jagger]

Mutual co-operation between industry and the State - these are the first essentials.

----Mr. Churchill's Declaration of Policy to the Electors; 1945

 

[saveliberty]

The government doesn't control GM's means of production, distribution and exchange.

The Hell it doesn't. I work for a GM dealer. The government lead board is in firm control of GM. It is killing us.

Dude, get real!! The U. S. Government doesn't control GM's production, distribution and exchange.

Stop spouting your opinion as fact dipwad. The board (government comtrolled) has mandated a 70 day supply of vehicles. (FACT) This has markedly reduced the number of available vehicles for sale and has shifted operations of dealers to a order your customer's vehicle when you can approach. THIS WOULD BE PRODUCTION CONTROL.

DISTRIBUTION was reduced while under bankruptcy protection (governemtn control) when dealerships were closed without dealership input. (FACT)

EXCHANGE of GM ended when the stock was declared worthless and redistribution of stock has not begun again. (FACT)

That is getting real dude.

 

[saveliberty]

Churchill 1945. Seems like a war of some sort was going on the first half of the year. It would seem like industrial production would have been critical to the war effort. Medical services were pretty important too with all the civilian and military casualties. Applying your flawed logic to President Obama would turn statements on Islam into his religion. You take a lot of things out of context in order to bend them to your view. Hack.

 

[Trajan]

Obama declared GM good to go last month, the Volt will turn it all around!!..aint that great!!!!!


now for the IPO...balls up.

 

[boedicca]

The taxpayers are going to lose money on the first tranche of the IPO. Given the big drop in auto sales recently, there is no reason for GM to do an IPO other than for PR prior to the election. The S-1 contains statements to the effect that GM internal accounting controls are inadequate - that is a huge warning light that the company is not ready.

 

[Soggy in NOLA]

We say "Obama" and this asshat quotes Churchill?

 

[saveliberty]

Obama declared GM good to go last month, the Volt will turn it all around!!..aint that great!!!!!


now for the IPO...balls up.

Buy stock after the next reorganization and bailout. Until consumer confidence and jobs return to much better levels the environment is all wrong. The government is just looking for a PR break.

 

[The Rabbi]

In a real reorganization, those contracts would be subject to renegotiation. The GM bondholders had a superior claim, which was de facto voided by the pressure the Obama Administration put upon them to settle for less than they should have received under the law. This was a pay off to the union.

Dude, the U. S. Government doesn't control GM's production, distribution and exchange.

Actually they do. Dude.

 

[Trajan]

The taxpayers are going to lose money on the first tranche of the IPO. Given the big drop in auto sales recently, there is no reason for GM to do an IPO other than for PR prior to the election. The S-1 contains statements to the effect that GM internal accounting controls are inadequate - that is a huge warning light that the company is not ready.

yup and to that and rabbis last point, the gov. controls Chrysler and GMAC Finance arms too. We gave them 80 Billion....

 

[The Rabbi]

The taxpayers are going to lose money on the first tranche of the IPO. Given the big drop in auto sales recently, there is no reason for GM to do an IPO other than for PR prior to the election. The S-1 contains statements to the effect that GM internal accounting controls are inadequate - that is a huge warning light that the company is not ready.

yup and to that and rabbis last point, the gov. controls Chrysler and GMAC Finance arms too. We gave them 80 Billion....

It's the Golden Rule. The one with the gold, makes the rules.

 

[Micky G. Jagger]

The board (government comtrolled) has mandated a 70 day supply of vehicles.

You lie, dude. The board issued no such mandate.

This has markedly reduced the number of available vehicles.

An increase to a 70 day supply, from a goal of 60 days, would mean more vehicles at the dealers, dude.

 

[saveliberty]

The board (government comtrolled) has mandated a 70 day supply of vehicles.

You lie, dude. The board issued no such mandate.

This has markedly reduced the number of available vehicles.

An increase to a 70 day supply, from a goal of 60 days, would mean more vehicles at the dealers, dude.

It was a 120 day supply before the bailout. Now your just a liar, instead of just being misinformed, as I suspected before.


One out of four vehicles sold during the month of December was a recently launched vehicle, said Susan Docherty, GM vice president of sales.
She said GM only has about 20 days' supply of those new vehicles whereas she would like to have 60 to 75 days' supply, depending on the vehicle. She noted that, a year ago, GM had 150 to 200 days' supply of some vehicles. GM already has boosted capacity at plants in Canada and near Kansas City, where some of those hot vehicles are made.



Read more: Hot vehicles in short supply | freep.com | Detroit Free Press http://www.freep.com/article/201001...03/Hot-vehicles-in-short-supply#ixzz0yi93Hd9U

 

[Micky G. Jagger]

The GM Board of Directors hasn't mandated a 70 day supply of vehicles for dealers.

 

[Micky G. Jagger]

has shifted operations of dealers to a order your customer's vehicle when you can approach. THIS WOULD BE PRODUCTION CONTROL.

The GM BOD didn't mandate a shift to an order your customer's vehicle when you can approach.

 

[saveliberty]

The GM Board of Directors hasn't mandated a 70 day supply of vehicles for dealers.

Unless Ms. Docherty has a really different job decription now, she cannot determine how many cars get built. That is the choice of the ones who control the money. That would be the US government.

 

[Micky G. Jagger]

The GM Board of Directors hasn't mandated a 70 day supply of vehicles for dealers.

Unless Ms. Docherty has a really different job decription now, she cannot determine how many cars get built. That is the choice of the ones who control the money. That would be the US government.

The GM Board of Directors hasn't mandated a 70 day supply of vehicles for dealers.

 

[Micky G. Jagger]

If the object of the GM bailout was government control of the means of production and distribution of GM vehicles, why is the Federal Government going to give up its ownership of 61% of GM stock?

DETROIT — Thirteen months ago, General Motors was fighting for its life in bankruptcy court. Now, the automaker is laying the groundwork to sell stock to the public once again with the eventual goal of ridding itself of government ownership.

The Associated Press: A year after bankruptcy, GM plans stock sale​