WHAT auto bailout? GM bailout into reverse

Discussion in 'Politics' started by LadyGunSlinger, Oct 8, 2012.

  1. LadyGunSlinger
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    LadyGunSlinger Conservative Babe Supporting Member

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    A backroom deal hatched by General Motors during the auto bailout to fulfill the Obama administration’s demand for a quick bankruptcy could be reversed, draining the automaker of nearly all of its cash on hand and leaving it in worse shape than it was when it collapsed in 2009.



    Read more: Canadian deal could throw GM bailout into reverse | Times 247

    Can this MORON do anything right????? The Community Organizer is an ABSOLUTE AND ABJECT FAILURE!!!
     
  2. Lovebears65
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    Lovebears65 Gold Member

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    Everything he touches is failing. GM might not be alive much longer.. I wont buy from GM anyway.. Union people take our tax dollars on a private business. Sorry doesnt fly with me.. I dont bank at any of the big banks either..
     
  3. LadyGunSlinger
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    LadyGunSlinger Conservative Babe Supporting Member

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    How much money has this JERK cost taxpayers??? WASTED MONEY.. Solyndra, GM..
     
  4. Grandma
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    Grandma Geezer Chick Supporting Member

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    Your post needs clarification. How exactly do taxes go to unions?

    Are you suggesting that only non-union businesses get stimulus money? Or do you mean the money should have gone only to uber-rich corporate CEOs?
     
  5. Oldguy
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    Oldguy Senior Member

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    That story is AWFULLY short on details. It makes an allegation and then just stops.

    Got more?
     
  6. Listening
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    Listening Gold Member

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    If this is true, it's starting to read like:

    The Bonfire Of The Vanities
     
  7. TruthSeeker56
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    TruthSeeker56 Silver Member

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    I posted in here several weeks ago that General Motors would be filing for bankruptcy within the next year, probably within the next six months.

    No surprise. Everything the federal government is involved in turns to SHIT.
     
  8. Clementine
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    Clementine Platinum Member Supporting Member

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    I still can't get past the $30 billion in tax payer money to prop them up. After all that money, we still can't save jobs. How many billions have been absorbed by companies for bail out and green energy investment and left us nothing to show for it? I thought all of these too big to fail companies were part of the problem, so why did we sacrifice our grandchildren's future to keep them going? If they are really too big to fail, they shouldn't need the little people to save their sorry asses.
     
  9. MeBelle
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    MeBelle Mebellien Mothership © Supporting Member

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  10. Oldguy
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    Oldguy Senior Member

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    Good grief! That's the worst kind of "journalism" I've seen since I wasted 5 minutes reading World Nut Daily or Daily Kos!

    That's not a news story, it's an opinion piece disguised as reporting to fool the simpletons and based upon next to nothing. Look at the qualifiers in it. Just LOOK AT THE QUALIFIERS:

    could be reversed
    which could have delayed
    If they had continued
    they could have easily
    could now reverse
    if indeed it was assigned at all
    should be very concerned
    he may have to
    If he reopens
    should have happened
    It could unravel
    If you reopen the sale
    If the court decides
    could cease to exist
    If they had to stop
    if it is made to unwind the bailout
    If they were to enter
    could create

    Worse, the author makes a totally unfounded, unsubstantiated and unproven allegation:

    "...The process was politically driven to be done as fast as possible..."

    This is right wing "journalism" at its finest, and I use the term journalism very loosely on purpose. However, it's not surprising given that it comes from a "news" outlet created and run by a true RWNJ ideologue who once said that the American media turned on Sarah Palin because of their blind allegiance to Barack Obama.
     

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