Obama won’t let GM walk away

Discussion in 'Politics' started by P@triot, Sep 18, 2012.

  1. P@triot
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    P@triot Platinum Member

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    The moment the government stepped in and put its grimy hands all over a massive corporation, Glenn knew they’d never let go. Now, even though GM execs want to get out of the stifling grip of the federal government, Obama won’t let em walk.

    Glenn told listeners the story of how he made the decision to cancel his advertising contract with General Motors – the biggest contract he had at the time – because of the auto bailout.

    Glenn noted that the last thing he said to the people he negotiated with at GM was, “You ever get out this thing, you call me up. I do believe in GM, but I can’t do it when you’re in bed with the government.”

    What was their response?

    “Mr. Beck, we are going to get out of bed with the government.”

    Apparently not.

    U.S. Treasury Turns Down GM’s Offer to Buy Back Shares | TheBlaze.com
     
  2. Listening
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    Listening Gold Member

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    The government needs the share price to go up 10 before they will consider selling.

    Otherwise, the American people take an even bigger bath (than we will if they sell at the mid 30's).

    We will never recover our investment.

    The government can't have Romney telling the American people how the government lost all that money.
     
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  3. SuMar
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    SuMar VIP Member

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    GM is making a killing right now expanding their marketing in China. Which has nothing to do with the bailout.

    Funny how the government is turning down funds from GM.
     
  4. PixieStix
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    PixieStix Coal Member Supporting Member

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    Once government wraps it's tentacles around something, it is wrapped for life.
     
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  5. francoHFW
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    francoHFW Diamond Member

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    Phooey, ADD Beckbots, let's wait and make a profit.
     
  6. Listening
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    Listening Gold Member

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    Sure....

    Hell will freeze over first.
     
  7. American_Jihad
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    American_Jihad Flaming Libs/Koranimals

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    [ame=http://www.youtube.com/watch?v=o3I-PVVowFY]Maxine Waters (D) Slip of the Tongue Reveals True Intentions (Socialism for America) - YouTube[/ame]
     
  8. P@triot
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    P@triot Platinum Member

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    How can you ever turn a profit when the owner is an anti-capatialist Marxist who wants to pocket everything for himself that he can, and anything that's left, he wants to "spread the wealth" (direct quote).
     
  9. American_Jihad
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    American_Jihad Flaming Libs/Koranimals

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  10. JoeB131
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    JoeB131 Diamond Member

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    Glen Beck still has adverstisers?

    Glen Beck is still around?

    I hear he has to pay stations to carry his show... and even then, they have to tie pork chops around his neck to get the dog to play with him...
     

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