This is what happens when Gov. works it's fingers into Private sector business--

Discussion in 'Congress' started by oreo, Jun 7, 2009.

  1. oreo
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    oreo Gold Member Supporting Member

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    President Obama may have "no interest" in running General Motors, as he averred Monday. But even if that's true, we are already discovering that he shares Washington with 535 Members of Congress, many of whom have other ideas.

    The latest self-appointed car czar is Massachusetts's own Barney Frank, who intervened this week to save a GM distribution center in Norton, Mass. The warehouse, which employs some 90 people, was slated for closure by the end of the year under GM's restructuring plan. But Mr. Frank put in a call to GM CEO Fritz Henderson and secured a new lease on life for the facility.

    Mr. Frank's spokesman, Harry Gural, says the Congressman discussed, among other things, "the facility's value to GM." We'd have thought that would be something that GM might have considered when it decided to close the Norton center, but then a call from one of the most powerful Members of Congress can certainly cause a ward of the state to reconsider what qualifies as "value." A CEO who refuses the offer can soon find himself testifying under oath before Congress, or answering questions from the Government Accountability Office about his expense account. To that point, Mr. Henderson spent Wednesday with Chrysler President Jim Press being castigated by the Senate Commerce Committee for their plans to close 3,400 car dealerships. Every Senator wants dealerships closed in someone else's state, except "their own."

    As Mr. Gural put it, Mr. Frank was "just doing what any other Congressman would do" in looking out for the interests of his constituents. And that's the problem with industrial policy and government control of American business. In Washington, every Member of Congress now thinks he's a czar who can call ol' Fritz and tell him how to make cars.

    http://online.wsj.com/article/SB124416281882387463.html?mod=googlenews_wsj

    This should convince anyone--that our congressmen & senators are not "necessarily" concerned about the overall good of the country--but rather how they're going to win re-election!

    JUST ANOTHER REASON WHY AMERICANS SHOULD DEMAND TERM LIMITS!
     
    Last edited: Jun 7, 2009
  2. oreo
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    oreo Gold Member Supporting Member

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    I can't believe no one has commented on this one. What is it too scary for some?
     
  3. DiveCon
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    DiveCon gone

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    hes a dem, dems can do no wrong
     
  4. oreo
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    oreo Gold Member Supporting Member

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    Just another showing of how incompetent our current federal government really is.
     
  5. MalibuMan
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    MalibuMan Member

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    I love it when the feds agree to make cuts to spending or such as long as it is not in their states.
     
  6. rayboyusmc
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    rayboyusmc Senior Member

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    68 billion to be paid back by some of the banks who took the money. I guess they are no longer socialist banks.

    When GM and the auto industry pays it back then we can get back to manufacturing as a means and not just a service industy. If it was up to Shelby etc. they would let the American auto industry die and build up their foreign dealers in their states.

    Socialism, my butt. It's called pulling our ass out of the fire that was started by too many on the other side.
     
  7. Skull Pilot
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    Skull Pilot Platinum Member

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    GM will "pay back" at the cost of its bond holders and creditors who were boned by the government. And if Government motors still makes cars that no one but the government will buy, ain't nothing getting paid back

    BTW If "we" now own 60+% of government motors, when can I expect my stock certificates in the mail? (AIG too for that matter)
     
  8. DiveCon
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    dont hold your breath
     
  9. sealybobo
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    sealybobo Diamond Member

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    Waaa!!! WAaaaa!!! You'll be in the poor house if GM fails, stupid. That's why we loaned them the money. And 50% of Americans still buy American. Stop saying cars that NO ONE wants. Only you traitorous sellouts who bend over for China think that way. Hey, when China takes over our country, just think, you funded it. Cock sucker.
     
  10. sealybobo
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    sealybobo Diamond Member

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    He's already getting a tax break with Obama.

    And when am I getting my profit sharing from all the oil revenue HUNT OIL is making in Iraq?

    Oh? You say we only pay out for the losses and Hunt oil gets all the profits? You mean they won't even lower the price of gas? Geez! What was Iraq all about if not for cheap oil?

    Didn't Cheney say oil would pay for Iraq? When?
     
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