Why Is Rick Wagoner Fired and Nancy Pelosi Still Working?

[driveby]

Wagoner is out because the stock of GM went from $70 to $3 under his leadership.

bullshitsky,, Imelt took GE stock from 70 bucks a share to below ten and obamalama hired him as a financial counselor.. so

I see no lefty would touch that post with a 10 foot pole.....

 

[driveby]

Wagoner is the face of the auto industry failure. He made a fool of himself at the congressional hearings, it was obvious he wasn't about to answer for any mistakes, he didn't feel he did anything wrong.

The market numbers show something different. The buck stops with him.

Pelosi is the Speaker of the House. She is an elected Representative and second in line of succession. If Repubs want to change that, they need to get the majority back first. I don't see that happening anytime soon.

So Obama and his merry band of thugs and tax cheats are gonna come in and save the day, yippeeee !!!

You think Immelt was any better than Wagoner ? .....

 

[007]

Wagoner is out because the stock of GM went from $70 to $3 under his leadership.

Hmm.. And didn't the DOW go from about 14,000 to 7,000 under Pelosi's leadership?

I didn't know Pelosi was the President.

obama doesn't either.

 

[sealybobo]

Wagoner is the face of the auto industry failure. He made a fool of himself at the congressional hearings, it was obvious he wasn't about to answer for any mistakes, he didn't feel he did anything wrong.

The market numbers show something different. The buck stops with him.

Pelosi is the Speaker of the House. She is an elected Representative and second in line of succession. If Repubs want to change that, they need to get the majority back first. I don't see that happening anytime soon.

The UAW is the face of auto industry failure.

A country that allows global, free market competition is the face of auto industry failure.

Don't pay much attention to politics, huh? I see it happening sooner than I ever thought possible even 2 months ago. Let the Dems stay their current course and watch.

If course Nan will keep her job. The kooks that vote for people like her, Reid, Frank, Kennedy and more than a few others don't give a damn about reality. They think Nan's little sitting on a hot coal act when Obama addressed Congress was displaying her physical stamina and support while Biden looked like he wanted to choke her.

Let the Dems stay their current course and watch?

What if McCain won and the GOP controlled the House & Senate? What course would they have taken that would have worked?

 

[sealybobo]

Wagoner is out because the stock of GM went from $70 to $3 under his leadership.

bullshitsky,, Imelt took GE stock from 70 bucks a share to below ten and obamalama hired him as a financial counselor.. so

I see no lefty would touch that post with a 10 foot pole.....

How did Imelt take GE stock down?

Kramer went on the Daily Show, remember? John Stewart played a tape of Kramer back when he was a Hedge Fund manager and he was bragging about the joy he got from tanking a companies stock. Are you sure it wasn't a Wallstreet guy who tanked GE's stock on purpose?

And then Colbert had a another Hedge fund guy on and he was so giddy about how he ruins companies and profits from it.

Let me know how Imelt was responsible.

 

[007]

Wagoner is the face of the auto industry failure. He made a fool of himself at the congressional hearings, it was obvious he wasn't about to answer for any mistakes, he didn't feel he did anything wrong.

The market numbers show something different. The buck stops with him.

Pelosi is the Speaker of the House. She is an elected Representative and second in line of succession. If Repubs want to change that, they need to get the majority back first. I don't see that happening anytime soon.

The UAW is the face of auto industry failure.

A country that allows global, free market competition is the face of auto industry failure.

Don't pay much attention to politics, huh? I see it happening sooner than I ever thought possible even 2 months ago. Let the Dems stay their current course and watch.

If course Nan will keep her job. The kooks that vote for people like her, Reid, Frank, Kennedy and more than a few others don't give a damn about reality. They think Nan's little sitting on a hot coal act when Obama addressed Congress was displaying her physical stamina and support while Biden looked like he wanted to choke her.

Let the Dems stay their current course and watch?

What if McCain won and the GOP controlled the House & Senate? What course would they have taken that would have worked?

Let GM and the others go bankrupt, get rid of the unions, then restructure and become a very efficient company. That's what SHOULD have happened.

 

[WillowTree]

bullshitsky,, Imelt took GE stock from 70 bucks a share to below ten and obamalama hired him as a financial counselor.. so

I see no lefty would touch that post with a 10 foot pole.....

How did Imelt take GE stock down?

Kramer went on the Daily Show, remember? John Stewart played a tape of Kramer back when he was a Hedge Fund manager and he was bragging about the joy he got from tanking a companies stock. Are you sure it wasn't a Wallstreet guy who tanked GE's stock on purpose?

And then Colbert had a another Hedge fund guy on and he was so giddy about how he ruins companies and profits from it.

Let me know how Imelt was responsible.

omg! unreality bites hard don't it? what a DUmbazz!

 

[driveby]

bullshitsky,, Imelt took GE stock from 70 bucks a share to below ten and obamalama hired him as a financial counselor.. so

I see no lefty would touch that post with a 10 foot pole.....

How did Imelt take GE stock down?

Kramer went on the Daily Show, remember? John Stewart played a tape of Kramer back when he was a Hedge Fund manager and he was bragging about the joy he got from tanking a companies stock. Are you sure it wasn't a Wallstreet guy who tanked GE's stock on purpose?

And then Colbert had a another Hedge fund guy on and he was so giddy about how he ruins companies and profits from it.

Let me know how Imelt was responsible.

You're about as sharp as a bowling ball .....

 

[Sarah G]

Wagoner is the face of the auto industry failure. He made a fool of himself at the congressional hearings, it was obvious he wasn't about to answer for any mistakes, he didn't feel he did anything wrong.

The market numbers show something different. The buck stops with him.

Pelosi is the Speaker of the House. She is an elected Representative and second in line of succession. If Repubs want to change that, they need to get the majority back first. I don't see that happening anytime soon.

The UAW is the face of auto industry failure.

A country that allows global, free market competition is the face of auto industry failure.

Don't pay much attention to politics, huh? I see it happening sooner than I ever thought possible even 2 months ago. Let the Dems stay their current course and watch.

If course Nan will keep her job. The kooks that vote for people like her, Reid, Frank, Kennedy and more than a few others don't give a damn about reality. They think Nan's little sitting on a hot coal act when Obama addressed Congress was displaying her physical stamina and support while Biden looked like he wanted to choke her.

I have to disagree with much of this post. After Wednesday's Republican faux budget, they continue to stay with policies that keep them in the minority, I don't see any change in Republican leadership even after huge losses in 06 and 08. They continue down the same path.

While it's true that these days you don't earn much more money when you are in the union, people tend to still want it. I've never been in a union but I have been asked to join and declined. I have faith in my ability to deal with upper management but not everyone can do that. I don't judge them for wanting someone to fight for them.

As for out of control payroll in the auto industry, I know you didn't address this but someone else did, skyrocketing healthcare costs have a lot to do with company costs. Getting healthcare costs down to more managable levels will help. We will have to see how that goes. It is past time to deal with the healthcare industry. They are breaking the backs of the American family and business.

 

[Meister]

bullshitsky,, Imelt took GE stock from 70 bucks a share to below ten and obamalama hired him as a financial counselor.. so

I see no lefty would touch that post with a 10 foot pole.....

How did Imelt take GE stock down?

Kramer went on the Daily Show, remember? John Stewart played a tape of Kramer back when he was a Hedge Fund manager and he was bragging about the joy he got from tanking a companies stock. Are you sure it wasn't a Wallstreet guy who tanked GE's stock on purpose?

And then Colbert had a another Hedge fund guy on and he was so giddy about how he ruins companies and profits from it.

Let me know how Imelt was responsible.

Bobo protecting a greedy corporate exec.? Now that is as rich as it comes. Just because a "rightie" hammered Imelt, and bobo just had to take the opposite side, and throw away all his values of his "team."

 

[HUGGY]

Why Is Rick Wagoner Fired and Nancy Pelosi Still Working?
by Ann Coulter

04/01/2009


Apparently, it's OK for Obama to fire the head of General Motors, but Bush can't fire his own U.S. attorneys.

It is generally agreed that the Obama administration's demand that Rick Wagoner resign as chairman of General Motors is the price of GM's accepting government money.

To promote the sales of GM vehicles, Obama says the government will stand by your GM car warranty. And all the taxpayers will get a lube job. The new GM owner's manual will come with a disclaimer: "Close enough for government work."

Now that we're all agreed that the government can make hiring and firing decisions based on infusions of taxpayer money, I can think of a lot more government beneficiaries who are badly in need of firing.

Just off the top of my head, how about Barney Frank, Chris Dodd and everybody at the Department of Education?

How about firing all the former Weathermen, like Bill Ayers, Bernardine Dohrn and Mark Rudd, whose university salaries are subsidized by the taxpayer?

Nearly every university in the country accepts government money. Is there any industry in America more in need of some "restructuring" than academia? What's Berkeley's "business plan" to stop turning out graduates who hate America?

And what is Obama's justification for keeping Shirley M. Tilghman as president of Princeton University as long as Princeton employs prominent crackpot Peter Singer?

Singer, the Ira W. DeCamp Professor of Bioethics at Princeton's Center for Human Values, believes parents should have the right to kill newborn babies with birth defects, such as Down syndrome and hemophilia, and says there is nothing morally wrong with parents conceiving children in order to harvest them for spare parts for an older child -- or even for society to breed children on a massive scale for spare parts.

His views on these issues are so extreme I'm surprised Singer hasn't been offered a position in the Obama cabinet yet. Perhaps he paid his taxes and was disqualified.

Singer compares the black liberation movement to the liberation of apes, saying we must "extend to other species the basic principle of equality that most of us recognize should be extended to all members of our own species." (Imagine if Rush Limbaugh had said that and then go lie down for 20 minutes.)

The esteemed professor Singer also believes sex with animals is acceptable and has no objections to necrophilia -- provided the deceased gave consent when still alive. We're still waiting to hear his views on sex with dead animals. Especially me, as I have no plans for next weekend.

Doesn't a "new vision" for Princeton -- which benefits from massive taxpayer subsidies in the form of student loans and government grants -- require firing the president of Princeton? That university is clearly teetering on the brink of moral bankruptcy.

When is the government going to get around to firing 99 percent of public school superintendents? They're clearly turning out an inferior product -- i.e., America's public school graduates -- as compared to some of the foreign models now available.

In New York City, spending on public schools increased by more than 300 percent between 1982 and 2001, coming in at $11,474 per pupil annually -- compared to about $5,000 for private schools.

But in 2003, a New York court ruled that graduates of New York City's public schools did not have the skills to be "capable of voting and serving on a jury." (Worse, some kids coming out of New York high schools are so stupid they don't even know how to get out of jury duty.)

If Obama can tell GM and Chrysler that their participation in NASCAR is an "unnecessary expenditure," isn't having public schools force students to follow Muslim rituals, recite Islamic prayers and plan "jihads" also an "unnecessary expenditure"? Are all those school condom purchases considered "necessary expenditures"?

Illegal aliens cost the American taxpayer more than $10 billion a year, net, in Medicaid, Medicare, food stamps, free school lunches, prison, school and court costs. And yet cities, counties and states across the nation are openly refusing to enforce federal immigration law against illegal aliens -- all while accepting billions of dollars of stimulus money on top of a litany of other federal payouts.

Shouldn't somebody be fired over this? Like maybe Geraldo Rivera?

How about hauling San Francisco Mayor Gavin Newsom before a congressional committee and firing him? In fact, just being named "Gavin Newsom" should be grounds for dismissal. San Francisco is getting $18 million of stimulus money -- to say nothing of its residents who receive federal money in the form of Social Security payments, government grants, welfare payments, federal highway funds and on and on and on.

Doesn't PBS take federal funds? Obama should really ask Big Bird to step down. While we're at it, shouldn't Tim Geithner be fired?

Now that the government owns everything, there's no end to the dead wood that can be cleared out.

Except the problem is -- as this very partial list demonstrates -- most of the dead wood exists only because of the government in the first place. Capitalism has its own methods of clearing out dead wood, which the government keeps preventing by forcing the taxpayer to bail out capitalism's losers.

You are one crazy over the line. You talk too much. I was expecting to see "Do I look fat?"
in your two page tirade. One would think you would have made one solid point using up that much space. Also I doubt you are Irish. I am. I've never know an Irish girl as stupid as you except my sister. Come to think of it ...are you my sister?

 

[driveby]

fail ....

 

[SassyIrishLass]

You are one crazy over the line. You talk too much. I was expecting to see "Do I look fat?"
in your two page tirade. One would think you would have made one solid point using up that much space. Also I doubt you are Irish. I am. I've never know an Irish girl as stupid as you except my sister. Come to think of it ...are you my sister?[/QUOTE]

Yo Chucklehead I didn't write the article and it's obvious you can't respond to. You MUST be a Libron.

 

[JimCo]

Pale Rider Let GM and the others go bankrupt, get rid of the unions, then restructure and become a very efficient company. That's what SHOULD have happened.

Perhaps we should just let Walmart run everything, so that won't have to buy from sweatshops overseas, they will just open them here ... maybe then you will understand why unions rose up to fight for workers rights!


The Wal-Mart You Don't Know
By: Charles FishmanWed Dec 19, 2007 at 12:44 AM

The giant retailer's low prices often come with a high cost. Wal-Mart's relentless pressure can crush the companies it does business with and force them to send jobs overseas. Are we shopping our way straight to the unemployment line?

A gallon-sized jar of whole pickles is something to behold. The jar is the size of a small aquarium. The fat green pickles, floating in swampy juice, look reptilian, their shapes exaggerated by the glass. It weighs 12 pounds, too big to carry with one hand. The gallon jar of pickles is a display of abundance and excess; it is entrancing, and also vaguely unsettling. This is the product that Wal-Mart fell in love with: Vlasic's gallon jar of pickles.

Wal-Mart priced it at $2.97--a year's supply of pickles for less than $3! "They were using it as a 'statement' item," says Pat Hunn, who calls himself the "mad scientist" of Vlasic's gallon jar. "Wal-Mart was putting it before consumers, saying, This represents what Wal-Mart's about. You can buy a stinkin' gallon of pickles for $2.97. And it's the nation's number-one brand."

Therein lies the basic conundrum of doing business with the world's largest retailer. By selling a gallon of kosher dills for less than most grocers sell a quart, Wal-Mart may have provided a ser-vice for its customers. But what did it do for Vlasic? The pickle maker had spent decades convincing customers that they should pay a premium for its brand. Now Wal-Mart was practically giving them away. And the fevered buying spree that resulted distorted every aspect of Vlasic's operations, from farm field to factory to financial statement.

Indeed, as Vlasic discovered, the real story of Wal-Mart, the story that never gets told, is the story of the pressure the biggest retailer relentlessly applies to its suppliers in the name of bringing us "every day low prices." It's the story of what that pressure does to the companies Wal-Mart does business with, to U.S. manufacturing, and to the economy as a whole. That story can be found floating in a gallon jar of pickles at Wal-Mart.

Wal-Mart is not just the world's largest retailer. It's the world's largest company--bigger than ExxonMobil, General Motors, and General Electric. The scale can be hard to absorb. Wal-Mart sold $244.5 billion worth of goods last year. It sells in three months what

number-two retailer Home Depot sells in a year. And in its own category of general merchandise and groceries, Wal-Mart no longer has any real rivals. It does more business than Target, Sears, Kmart, J.C. Penney, Safeway, and Kroger combined. "Clearly," says Edward Fox, head of Southern Methodist University's J.C. Penney Center for Retailing Excellence, "Wal-Mart is more powerful than any retailer has ever been." It is, in fact, so big and so furtively powerful as to have become an entirely different order of corporate being.

Wal-Mart wields its power for just one purpose: to bring the lowest possible prices to its customers. At Wal-Mart, that goal is never reached. The retailer has a clear policy for suppliers: On basic products that don't change, the price Wal-Mart will pay, and will charge shoppers, must drop year after year. But what almost no one outside the world of Wal-Mart and its 21,000 suppliers knows is the high cost of those low prices. Wal-Mart has the power to squeeze profit-killing concessions from vendors. To survive in the face of its pricing demands, makers of everything from bras to bicycles to blue jeans have had to lay off employees and close U.S. plants in favor of outsourcing products from overseas.

Of course, U.S. companies have been moving jobs offshore for decades, long before Wal-Mart was a retailing power. But there is no question that the chain is helping accelerate the loss of American jobs to low-wage countries such as China. Wal-Mart, which in the late 1980s and early 1990s trumpeted its claim to "Buy American," has doubled its imports from China in the past five years alone, buying some $12 billion in merchandise in 2002. That's nearly 10% of all Chinese exports to the United States.

One way to think of Wal-Mart is as a vast pipeline that gives non-U.S. companies direct access to the American market. "One of the things that limits or slows the growth of imports is the cost of establishing connections and networks," says Paul Krugman, the Princeton University economist. "Wal-Mart is so big and so centralized that it can all at once hook Chinese and other suppliers into its digital system. So--wham!--you have a large switch to overseas sourcing in a period quicker than under the old rules of retailing."

Steve Dobbins has been bearing the brunt of that switch. He's president and CEO of Carolina Mills, a 75-year-old North Carolina company that supplies thread, yarn, and textile finishing to apparel makers--half of which supply Wal-Mart. Carolina Mills grew steadily until 2000. But in the past three years, as its customers have gone either overseas or out of business, it has shrunk from 17 factories to 7, and from 2,600 employees to 1,200. Dobbins's customers have begun to face imported clothing sold so cheaply to Wal-Mart that they could not compete even if they paid their workers nothing.

"People ask, 'How can it be bad for things to come into the U.S. cheaply? How can it be bad to have a bargain at Wal-Mart?' Sure, it's held inflation down, and it's great to have bargains," says Dobbins. "But you can't buy anything if you're not employed. We are shopping ourselves out of jobs."