Obama won’t let GM walk away

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

  1. P@triot
    Offline

    P@triot Gold Member

    Joined:
    Jul 5, 2011
    Messages:
    23,470
    Thanks Received:
    2,768
    Trophy Points:
    280
    Ratings:
    +8,773
    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
    Offline

    Listening Gold Member

    Joined:
    Aug 27, 2011
    Messages:
    14,989
    Thanks Received:
    1,641
    Trophy Points:
    260
    Ratings:
    +2,044
    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.
     
    • Thank You! Thank You! x 1
  3. SuMar
    Offline

    SuMar VIP Member

    Joined:
    Mar 16, 2010
    Messages:
    1,864
    Thanks Received:
    244
    Trophy Points:
    63
    Ratings:
    +244
    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
    Offline

    PixieStix Coal Member Supporting Member

    Joined:
    Apr 2, 2009
    Messages:
    14,511
    Thanks Received:
    4,972
    Trophy Points:
    370
    Ratings:
    +5,261
    Once government wraps it's tentacles around something, it is wrapped for life.
     
    • Thank You! Thank You! x 2
  5. francoHFW
    Offline

    francoHFW Platinum Member

    Joined:
    Sep 5, 2011
    Messages:
    33,534
    Thanks Received:
    2,178
    Trophy Points:
    1,115
    Location:
    NY 26th FINALLY DEM!
    Ratings:
    +5,627
    Phooey, ADD Beckbots, let's wait and make a profit.
     
  6. Listening
    Offline

    Listening Gold Member

    Joined:
    Aug 27, 2011
    Messages:
    14,989
    Thanks Received:
    1,641
    Trophy Points:
    260
    Ratings:
    +2,044
    Sure....

    Hell will freeze over first.
     
  7. American_Jihad
    Offline

    American_Jihad Flaming Libs/Koranimals

    Joined:
    May 1, 2012
    Messages:
    8,712
    Thanks Received:
    1,918
    Trophy Points:
    245
    Location:
    Gulf of Mex 26.609, -82.220
    Ratings:
    +3,337
    [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
    Offline

    P@triot Gold Member

    Joined:
    Jul 5, 2011
    Messages:
    23,470
    Thanks Received:
    2,768
    Trophy Points:
    280
    Ratings:
    +8,773
    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
    Offline

    American_Jihad Flaming Libs/Koranimals

    Joined:
    May 1, 2012
    Messages:
    8,712
    Thanks Received:
    1,918
    Trophy Points:
    245
    Location:
    Gulf of Mex 26.609, -82.220
    Ratings:
    +3,337
  10. JoeB131
    Online

    JoeB131 Diamond Member

    Joined:
    Jul 11, 2011
    Messages:
    80,555
    Thanks Received:
    6,873
    Trophy Points:
    1,815
    Location:
    Chicago, Chicago, that Toddling Town
    Ratings:
    +15,070
    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...
     

Share This Page