That's not true they didn't get paid 4 x as much as foreign workers. If you want to argue please do it with facts. The big problem they couldnt compete with the socialized medicine those other countries have. The right scream at the idea of government healthcare but paying everyone 10 bucks an hour is cool. Also why are you alright with fucking the guy busting his ass on the line but the ceo running the company in to the ground. Thats fine and his big fucking golden parachute.
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Apparently you have reading issues. I've already stated I did not support any bailout from the beginning. His company failed and he ultimately failed. The executives at any of the big three could burn alive tomorrow and I would not care one bit. They have burned their employees, they have burned the common taxpayer, and they have not kept up with market demands due to their own stupidity and lack of foresight. Each and everyone of them requesting money should be ousted. They have failed. Period.Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted
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Dont you mean socialist presidents? Look you are missing the point, the government should not be allowed to take control of businesses unless the business is illegal plain and simple. You have no idea what dangerous waters you are treading if you agree with this administration. What this administration is doing is NO DIFFERENT than what Chavez is doing in Venezuela.Comment
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Actually you do owe that money initially to the government, it is not yours. The government allows you to deduct it from what you owe. Of course that is up to the government to decide which when and how many deductions you can claim. By taking their deduction you are legally agreeing to the terms and compliance of that deduction. Rest assured you do owe that money initially.
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dayam, ceo got bitch slapped..Compound interest.Comment
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yeah.. .Obama clearly the bad guy here. It's not like people have been getting pissed off about this very thing.
the appropriate thing to do would have been for him to ask for the money... then resign and stand aside like a rational human being with the health/future of the company in mind. instead.. they all fly to DC on private jets and basically say "yeah... just go ahead and load the plane with cash while we go get a good meal and crack open a few 1000.00 bottles of wine.Comment
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Some of you all just don't get the big picture.
The government is going to dictate to you what type of vehicle you are allowed to drive.
This is just the latest salvo in the mission to ban fun in the name of the "environment".Comment
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While there is no doubt that Obama has a radical socialist agenda and is marching the US down the road to ruin, it seems reasonable that if GM is demanding to be bailed out by the government that the government will have some say in how it is run.
It s the bailout itself that is outrageous.... not the resignation of the CEO. Now if we could just get Obama to resign.
бабки, шлюхи, силаComment
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It is pretty simple. If your company is about to go bankrupt and you come to me asking for billions in loans to help dig you out of your hole, I can set some conditions of the loan. If I say that I want the CEO that lead you into the downward spiral gone or no loan the company, and that CEO, have a choice. If they want him to stay, then they can get the money elsewhere. Nobody is forcing them to take the money.
He was in trouble before this stipulation ever came into place. There was talk of ousting him after their first appearance before congress a few months ago.Comment
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14 million jobs rely on the auto industry in the US (1 in 10 jobs), that's a lot of lost income tax. I'm not sure if you pay social security to unemployed people in the US as well? Then you have 14 million people who haven't got money to spend on other stuff which has a big impact on other industries. That's why they are bailing them out.Comment
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It was a stipulation for getting money from the government. When you deal with investors and banks, they often require you to do certain things to get your money. I worked at a VC funded internet company years ago and the guys with the capital would come in and demand certain things be changed or they wouldn't loan the money.
If GM doesn't like it, they certainly have the right to not borrow money from the government and find a private loan elsewhere. Otherwise, if you want our money, you play by our rules. Welcome to the real world.Comment
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Splum - Barack Hussein Obama is the President... he isn't a "socialist president". You say your a libertarian but post links from ridiculous right wing sites and constantly spew right wing talking points and racist comments on this board. I don't know anything about you other than the personality you portray on this board... do you live in Ohio or Missouri?Comment
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alot of the things obama is doing is pretty dictator-ish.. getting thing passed and laws created, things stopped, retributions imposed with a swift hand... while that sounds a bit un-american to me, it may just be what the country needs.. a little tough love... within reason.Crypto HODLr
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Obama basically blackmailed GM.---
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I don't agree with this sentiment... I don't think he has been dictatorial at all. If he was he would be signing a mad amount of Executive Orders like Bushy did. I find it refreshing that he is actually working to accomplish goals... I just think you aren't used to that.
I totally agree with this.
Just for the record... I don't like the way they are handling the automakers. They are bailing out huge banking/insurance institutions with almost no stipulations to date... but are making the automakers toe the line and the amount of money the automakers are asking for is far smaller than what the banks want... it's ridiculous and hypocrisy. Millions of people are employed by the automakers... and in addition they are treating them each differently... one get's 60 days to provide a restructuring plan and the other gets 30 days or nothing... it's bullshit in my book.Comment
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Ok idiot let me explain. Say you own a company and your CEO sucks so much you have to come to ME for a loan. Now if I say "get rid if the idiot or you don't get any money" you have 2 choices A) get rid of the idiot. B) keep him and go belly up. Now it's MY money why can't I ditate the rules under which it's loaned? Don't come begging me for money then bitch about the terms.What the fuck is going on in this country when the President of the United States can FORCE a CEO of a company to resign? I mean the guy did nothing illegal, he may have been a poor CEO or mad bad decisions but last time I checked this wasnt a communist nation.
http://www.freep.com/article/2009032...31-year+careerComment
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GM is down 25% this morning.
http://finance.yahoo.com/q?s=gm
Obama is a one man stock market wrecking crew.Comment
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I know that Asspimple is stoopid ... As he says, it is a FACT !
But I can't figure out how he can breathe or type , at the same time ....Comment
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The problem isn't so much that Obama wanted the guy out. The issue is that it was done publicly and it was made known this is what the Administration wanted and got.
This will cause way more issues than just at GM. Obama is playing for a huge power grab that in essence is circumventing the balance of power in the government. People are seeing this and it is making them cautious as to where they put their money.
There are even Democrats, like Senator Byrd, that have gone on record saying this huge effort to grab more power by the President/White House is totally wrong. http://www.politico.com/news/stories/0209/19303.html
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Go obama go
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It was a combination of both, just look at GM's sales decline over the past 5 years. Pull your head out of your ass and stop being so partisan, people like YOU are whats wrong with America right now. Too concerned about supporting your parties ideology, instead of doing what is right.Comment
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splum is an idiot as always
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If you want people to listen to your crap you should know what your talking about first... "Socialist Agenda" is merely an empty talking point... if Obama were a socialist he would have nationalized everything right from jump. As far as socialism goes... Obama hasn't introduced anything new to the equation... we have been a socio capitalist country ever since the New Deal.Comment
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People don't understand the definition of socialism at all. The big problem is the right-wing agenda using it as a media tactic.
Obama, the dems and the liberals. All the "evil socialists". Are for things like public programs, welfare, and bailouts etc. All of which are the exact opposite of socialism.
In true socialism, there is no unemployment or welfare. Everyone MUST work. Everyone MUST have a job. There is no getting money for not working, or getting a bailout. That IS NOT socialism.
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Also, although everyone realizes splum is an idiot. It should be brought to his attention.
The auto industry came to congress. It wasn't the other way around. Splum, you should remember that before opening your mouth again.Obama told Michigan lawmakers Sunday night that both companies had failed to meet the terms of their loans and weren't viable today.
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This is nonsense. Even Chavez who is an avowed socialist has not nationalized everything all at once. The popular support for big government socialism is not strong enough to do it all at once, so it has to be done a piece at a time. Obama is a longtime leftist radical so his moves towards a socialist agenda are hardly surprising. He is attempting to mask his radical agenda by using euphemisms like "change" and "stimulus."
Even the Bolsheviks took more than 20 years to nationalize the whole economy in the USSR and they were certainly not "stealth socialists" like Obama. Obama was trained by Saul Alinksy and is using classic Alinksy techniques to implement a hard left agenda against the will of the general populace. He is manipulating legitimate public fears and populist sentiments over the current economic crisis to lead the country down the path towards a state planned and controlled economy. Only his most deluded supporters or leftists propagandists who support his real agenda would dispute that at this point.
бабки, шлюхи, силаComment
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Actually, nationalization does not equal socialism. Also, what is happening is not nationalization. What is happening is a business taking on a government loan, and adhering to the terms of that loan.This is nonsense. Even Chavez who is an avowed socialist has not nationalized everything all at once. The popular support for big government socialism is not strong enough to do it all at once, so it has to be done a piece at a time. Obama is a longtime leftist radical so his moves towards a socialist agenda are hardly surprising. He is attempting to mask his radical agenda by using euphemisms like "change" and "stimulus."
Even the Bolsheviks took more than 20 years to nationalize the whole economy in the USSR and they were certainly not "stealth socialists" like Obama. Obama was trained by Saul Alinksy and is using classic Alinksy techniques to implement a hard left agenda against the will of the general populace. He is manipulating legitimate public fears and populist sentiments over the current economic crisis to lead the country down the path towards a state planned and controlled economy. Only his most deluded supporters or leftists propagandists who support his real agenda would dispute that at this point.
The government is not controlling or nationalizing any part of this business. The business made the decision to sign and agree to the terms. They took on that responsibility. The auto industry itself is in no way going to go under or become nationalized. There is a big difference between what you're suggesting and what is actually happening here.
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Nationalization does not equal socialism but it is an important step in the process. I agree that the current situation with GM or the banks is not a full nationalization. As I made pretty clear above Obama is attempting to implement his socialist agenda a small piece at a time, as their is not much public support for his radical long term goals. Even if he is unable to take the country all the way down the path towards a state run economy he will certainly do a lot of irreversible damage on his way.
Even the Europeans are aghast at his agenda. They understand the long term implications better than most in the US.бабки, шлюхи, силаComment
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You really only sound like a conspiracy theorist though. Do you have any proof or factual information to provide that will back what you're saying?
Because this isn't Obama's doing, and he isn't attempting anything in this situation. What has happened was a business decision. The auto companies came to congress and asked for a loan. Those loans came with terms which they agreed to. Right now they are simply adhering to those terms. They failed to meet certain qualifications at which this time there are consequences to not meeting them.
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The whole socialism argument is bull... it rings totally of the same shit that was pulled when McCarthy was looking for communists. It's a pure smear campaign being fed by the right in a weak attempt to disregard their own record of failure and corruption.
Why do you even care cykoe6? Your russian right? I would think you would be much more concerned with what your own govt is doing... We don't have half of the "power grabbing" issues that your country has.Comment
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Fuck you shit nugget read the rest of my posts when I said WE SHOULDNT BE GIVING THEM MONEY IN THE FIRST PLACE. It isnt Congress money to give its OUR CHILDRENS money, this money didnt exist before these motherfuckers pulled it out of thin air then expect generations of Americans to pay it back. Next time you open your non-educated mouth Im going to shove my large patriotic cock down your throat bitch.Comment
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