The only loss you've experienced is a marble or two. I know a union shop that can replace them.There are billions of dollars that were wasted in saving the Unions, and pumping them full of money to be kicked back. This is the most corrupt Administration in the history of the country. We will never recoup the losses.
The 2009 restructuring of the domestic auto industry is part of the presidential campaign again -- only this time, it's the Republican, Mitt Romney, who is bringing it up.
Romney, the presumptive GOP nominee, along with the Republican National Committee released a TV advertisement on Wednesday titled "Dream." It draws attention to the auto dealerships that were closed across the country as a condition of the government-managed bankruptcies of General Motors and Chrysler.
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“Happiness comes through giving”
Since: Feb 08
#21 Aug 2, 2012
#22 Aug 2, 2012
They are saying that for two reasons only...
because Chairman mao bama has been pumping unions full of "Bail Out" money at the TaxPayers expense all along...
and calling it job growth...
and he also gave those communist party unions amnesty for paying taxes and healthcare like the rest of us have to do.
#23 Aug 2, 2012
This is precisely why our taxes will be going up after Jan 1...
no matter who is elected.
#25 Aug 19, 2012
Obama is a filthy animal that allow the union obligations to survive bankruptcy and kicked the secured bond holders to the curb. This left GM with the only real problem they had prior t Obamas move, the union obligations. Effectively wiping out 200 years of bankruptcy law. If Obama followed the law GM would have reorginized into a strong company. Now they are in a death spiral with those union jobs being offshored by Obama. The union folks just don't know it yet. not sorry i don't spell check or proof read your not worth it
#26 Aug 19, 2012
Mao-Bama thats a good one...
Since: Jul 07
#27 Aug 23, 2012
"The government still owns 500 million shares of GM, 26 percent of the total. It needs to sell them for $53 a share to recover its $49.5 billion bailout. But the stock price is around $20 a share, and the Treasury now estimates that the government will lose more than $25 billion if and when it sells.
That's in addition to the revenue lost when the Obama administration permitted GM to continue to deduct previous losses from current profits, even though such deductions are ordinarily wiped out in bankruptcy proceedings.
It's hard to avoid the conclusion that GM is bleeding money because of decisions made by a management eager to please its political masters -- and by the terms of the bankruptcy arranged by Obama car czars Ron Bloom and Steven Rattner.
Rattner himself admitted late last year, in a speech to the Detroit Economic Club: "We should have asked the UAW (the United Auto Workers union) to do a bit more. We did not ask any UAW member to take a cut in their pay." Non-union employees of GM spinoff Delphi lost their pensions. UAW members didn't.
The UAW got their political payoff. And GM, according to Forbes writer Louis Woodhill, is headed to bankruptcy again.
Is this really what Obama wants to do for all manufacturing across America? Let's hope not."
#28 Aug 23, 2012
Why is Obama’s well documented and comparatively recent involvement with Chicago Marxists not on the front page of every major newspaper in the United States?”
The simple answer is that the “useful idiots” in the MSM believe it is their job to cover up and provide cover for Obama. If the folks knew that Obama was a dyed in the wool Marxist who seeks to destroy capitalism and America, he would never get more than 10% of the vote. So he has to lie about who he is and what his real intentions are. He has plenty of useful idiots out there to provide cover.
The MSM or State Run Media believe they’ll be part of the elite when Obama’s fundamental transformation is complete. Little do they know how expendable they are.
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