NYcarbineer
Diamond Member
Frank's just bitter because his old tricked out Chevette with the 'Wild and Crazy Guy' bumper sticker never got him laid.
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When you are ideological slaves to the 'free market' as a solution to every problem, as are most conservatives,
of course you have to pretend that the GM bailout was a failure. It's like pretending the Earth is 6000 years old. The religion demands it.
When you are ideological slaves to the 'free market' as a solution to every problem, as are most conservatives,
of course you have to pretend that the GM bailout was a failure. It's like pretending the Earth is 6000 years old. The religion demands it.
Frank's just bitter because his old tricked out Chevette with the 'Wild and Crazy Guy' bumper sticker never got him laid.
Remember when Obama saved GM?
Instead of letting go through an orderly bankruptcy and reorganizing its finances and operations, Obama stepped in to screw the Senior Secured Creditors (pension funds and investors who thought they had a senior claim on GM) and handed equity in the Company to the laziest, most incompetent group on the planet: The UAW.
Now that Government Motors has recalled more cars than they've sold, does this still count as an Obama Success?
GM's recall nightmare - May. 21, 2014
I remember when Bush approved the bailout because the loss of jobs from GM and Chrysler going under would have destroyed our country.
Do you?
That's not how a Reorganization works.
You're horribly misinformed. Reorganization requires outside refinancing of debt. Noone at the time had the capital or were willing to do so.
Simple economics, yet you don't realize it.
No, really. Stay with stuff you know and this is wayyyyyyyyyyyyyyyyyyy outside your circle of competency.
Although I was (and remain) no defender of the illegal intrustion into the b'ruptcy of GM and Chrysler, counting the number of cars recalled is a pretty stupid way to address the issue.
These "defects" are statistically insignificant and deal with "problems" that are generally nonsensical. Unless you are in the habit of attaching a boom box to your car keys.
Nothing is perfect. Today's cars are orders of magnitude safer, more reliable, more efficient, and longer lasting than anything even produced a generation ago. The recalls that are forced on the car dealers now are lawyer-driven nonsense.
You want a perfectly safe car? It will be 10,000 pounds and have a maximum speed of 8mph. And cost a couple hundred thou.
Is this what "true Americans" do? Actively cheer the failures of American companies and root for the downfall of the American president?
Wrongo. Considering the state of the economy, no venture capital firm, bank or entity would or could take on the massive debt.
That's not how a Reorganization works.
You're horribly misinformed. Reorganization requires outside refinancing of debt. Noone at the time had the capital or were willing to do so.
Simple economics, yet you don't realize it.
When you are ideological slaves to the 'free market' as a solution to every problem, as are most conservatives,
of course you have to pretend that the GM bailout was a failure. It's like pretending the Earth is 6000 years old. The religion demands it.
Because big centralized government programs are known to work really well...right?
![]()
Remember when Obama saved GM?
Instead of letting go through an orderly bankruptcy and reorganizing its finances and operations, Obama stepped in to screw the Senior Secured Creditors (pension funds and investors who thought they had a senior claim on GM) and handed equity in the Company to the laziest, most incompetent group on the planet: The UAW.
Now that Government Motors has recalled more cars than they've sold, does this still count as an Obama Success?
GM's recall nightmare - May. 21, 2014
It was Bush's fault.
You watch.
When you are ideological slaves to the 'free market' as a solution to every problem, as are most conservatives,
of course you have to pretend that the GM bailout was a failure. It's like pretending the Earth is 6000 years old. The religion demands it.
Because big centralized government programs are known to work really well...right?
![]()
Sometimes yes, sometimes no. Kind of like private enterprise.
Is this what "true Americans" do? Actively cheer the failures of American companies and root for the downfall of the American president?
Maybe we should stop subsidizing companies that can't compete.
Start by taking the filibuster away from the Republicans.
Is this what "true Americans" do? Actively cheer the failures of American companies and root for the downfall of the American president?
No, true Americans actively mock the government, just like you did when Bush was in charge.
Is this what "true Americans" do? Actively cheer the failures of American companies and root for the downfall of the American president?
No, true Americans actively mock the government, just like you did when Bush was in charge.
Oh, so I am a true American. Thanks for pointing that out.
When you are ideological slaves to the 'free market' as a solution to every problem, as are most conservatives,
of course you have to pretend that the GM bailout was a failure. It's like pretending the Earth is 6000 years old. The religion demands it.
Because big centralized government programs are known to work really well...right?
![]()
Sometimes yes, sometimes no. Kind of like private enterprise.
Remember when Obama saved GM?
Instead of letting go through an orderly bankruptcy and reorganizing its finances and operations, Obama stepped in to screw the Senior Secured Creditors (pension funds and investors who thought they had a senior claim on GM) and handed equity in the Company to the laziest, most incompetent group on the planet: The UAW.
Now that Government Motors has recalled more cars than they've sold, does this still count as an Obama Success?
GM's recall nightmare - May. 21, 2014
Maybe we should stop subsidizing companies that can't compete.