WildCash isn't begging for your tax dollars. They're running a tighter ship than GM.

Fuck you socialist pig and your "jawboning" just another word for what you believe in isnt it? Hey bitch try reading up on "The United States Constitution" before you spew.

http://www.law.cornell.edu/constitut....overview.html

Ask the unions and liberal groups that question.

WE ARE THE PARTNER DUKE, not Obama. Firing Wagoner will do NOTHING it simply is a scape goat and will drive the stock price up for a day or two. Are you people all so blindly in Obama's pocket you can't see that this is wrong? This company shouldnt get ANOTHER PENNY of our money.

You are a bit scruffy perhaps this will help.

Right...because I point out what has been a historical power of a strong President during a crisis, I'm a socialist pig. :321GFY

If you are willing to concede that one man (the CEO of GM) is not responsible for all of its institutions failures, would you also be willing to state that one man (President Obama) is not solely in charge or responsible for any of this countries successes or failures?

It's never "one man". But "one man" is essentially responsible and also held accountable for anything that happens. That's how it works.

What crisis? Oh the crisis that you cant pay your mortgage or credit card bills so you vote for a socialist president because you know he will take care of all that debt for you? Yes you are a socialist pig feeding off the money of others. :321GFY

Sure if the BOARD OF DIRECTORS wants him fired I would support that, thats what happens in companies. The problem here is that THE GOVERNMENT IS DECIDING WHO IS BEST TO RUN THIS FAILED COMPANY. This is nationalization pure and simple and you obviously support it.

it's clear the OP didn't read the article and also is not educated about the history of such actions of u.s. presidents


from the article:

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.

Are you just plain dumb .... or playing dumb ?

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.

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.

Apparently you have comprehension issues, I agree wholeheartedly but your logic defies me. If you believe the company is failed why give it OUR money?

Shut the fuck up you stupid Canuck. Go suck your Queens dick you know NOTHING of freedom.

if the companies take government money and want more.They are answerable.

Dude with that argument anytime you make a tax deduction you are accountable as well.

That makes no sense. Its my money not the government and Im asking them for nothing.

I already said we shouldn't have given them any money!

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. :1orglaugh

dayam, ceo got bitch slapped..

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.

Yeah its not like Obama doesnt have a private jet or is taking trillions of tax payer money while partying it up. :1orglaugh

http://i40.tinypic.com/4l0lm8.jpg

this is pointless

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".

That certainly is a high possibility. I think they will meet with some resistance but then again most of the fucking idiots on this board think humans are causing global warming. :1orglaugh

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. :(

Says the guy from the country that is forcing isp's to block any kind of sexual material...

you dont get it. They want billions, the rotten tomatoes have to go. He is taking care of your tax money, you should thank him.

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.

Wildcash isn't asking for a huge loan from the government (or anyone for that matter) so it isn't the same thing.

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.

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.

:2 cents:

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?

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.

GM needs to just shut down with no bail out money.

Obama basically blackmailed GM.

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.

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.