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Obama motors is born.

Gainster said:
Dude who tagged ya with all the red?
Click to expand...

Buncha the Utah gys pretty pissed about my winter festivities idea.. I guess i lashed out a bit but man, i'm trying to bring a new era to the sport.. I guess i have mixed views with all the Utah guys.. I may be a bit cocky but hey, who isn't??? Its all in good fun.. thanks for the rep though:beer;:beer;:beer;
 
Anyone want to explain how in the flying fluck it is fair for the government to compete with private sector.... Seriously we would be better off to just jump ship and become commies instead of this slow death to capatalism..... That or stand up and fight no matter the costs. I bet we have more ammo and support than BO
 
acting president obama doesn't have much time left. I'm wonder what his % of death threats are compared to other presidents.....

I am praying that there is 1 judge in this country that has enough balls to order his real birth certificate made public. Then again....do they even have birth certs in kenya?
 
motojunkie101 said:
acting president obama doesn't have much time left. I'm wonder what his % of death threats are compared to other presidents.....

I am praying that there is 1 judge in this country that has enough balls to order his real birth certificate made public. Then again....do they even have birth certs in kenya?
Click to expand...

LMAO i was wondering the same! :beer;
 
Just heard something interesting.

Some of the economists are saying that the White House is in for a few hundred major law suits.

Seems that Obama has decided to give the Unions the lions share of what is left and to drop the secured investers on their head. One small problem. It's illigal for him to do that, Also, it is totally illigal for the government to enter into competition with private sector companies. That is to say, the white house can't run GM without breaching about 3 dozen laws.
This may get interesting yet.
 
Ollie said:
Also, it is totally illigal for the government to enter into competition with private sector companies. That is to say, the white house can't run GM without breaching about 3 dozen laws.
This may get interesting yet.
Click to expand...

Isn't that what they are trying to do with the Nationalized Health care plan he's pushing? They are saying that they don't want to "give" everyone free healthcare but rather give them an affordable alternative and most insurance companies wont be able to compete.

I too think this is going to get interesting, especially when 2010 elections roll around, or maybe that's next on their list, taking away our right to vote.:eek:
 
Read the first sentence again....


NEW YORK, May 19 (Reuters) - General Motors Corp's (GM.N) plan for a bankruptcy filing involves a quick sale of the company's healthy assets to a new company initially owned by the U.S. government, a source familiar with the situation said on Tuesday.

Man you guys believe anything..LOL

And ollie, what is illigal?? LOL
 
MARCUSO said:
Read the first sentence again....


NEW YORK, May 19 (Reuters) - General Motors Corp's (GM.N) plan for a bankruptcy filing involves a quick sale of the company's healthy assets to a new company initially owned by the U.S. government, a source familiar with the situation said on Tuesday.

Man you guys believe anything..LOL

And ollie, what is illigal?? LOL
Click to expand...

The federal government once they get their claws into something doesn't let go. Look at the banking industry.
The bottom line is, IT'S NOT THE FEDERAL GOVERNMENTS JOB TO BAIL OUT PRIVATE COMPANIES, period. They have waisted 15 billion dollars already and they are about to waist another 7.6 billion. In Canada that might be a drop in the bucket, but here, that is a chingo of cash. Oh, and it's cash WE DON'T HAVE.



Illigal is the lesser knows cousin of Illegal.:D
 
But this company was initially owned by the U.S. gov. It does not mean it is now... Plus they are healthy assets? and I don't think it says it is a private company.
Just imagine what would happen if the automotive industry collapses....

The U. S. never had the money 5 years ago either theoretically, so spending has to continue, but in a more directed way.

can anyone say "daihatsu"
 
GM is a privetly owned company.
Under the Constitution of the United States, it IS NOT the job of the federal government to bail out any company in trouble.
GM is going to bankrupcy court. No way to avoid it. So instead of letting them go to bankrupcy to begin with, lets flush 22.5 BILLION dollars while we are at it.

The auto industry wouldn't callapse, that is what bankrupcy is for.
It allows a company to restructure and get back on it's feet, the problem here is Obama OWED the unions big time and it's time to pay the piper. Why do you think the unions are being given such a huge stake in the settlement?
Oh, the settlement is illegal by the way.

The reason Obama misappropriated funds to bail out GM is because had it gone into bankrupcy without his highness stepping in, the unions would have gotten clobbered. Union retirement accounts are unsecured, secured creditors get paid out first, then unsecured.
The unions called in the favor they did for Obama.
 
MARCUSO said:
But this company was initially owned by the U.S. gov. It does not mean it is now... Plus they are healthy assets? and I don't think it says it is a private company.
Just imagine what would happen if the automotive industry collapses....

The U. S. never had the money 5 years ago either theoretically, so spending has to continue, but in a more directed way.

can anyone say "daihatsu"
Click to expand...

ahh, when was gm ever owned by the government? it will be initially owned by the government when the go under then sold off, but I doubt that would even happen.

"The reason Obama misappropriated funds to bail out GM is because had it gone into bankrupcy without his highness stepping in, the unions would have gotten clobbered. Union retirement accounts are unsecured, secured creditors get paid out first, then unsecured.
The unions called in the favor they did for Obama. "

exactly.
 
skidooer1 said:
ahh, when was gm ever owned by the government? it will be initially owned by the government when the go under then sold off, but I doubt that would even happen.

"The reason Obama misappropriated funds to bail out GM is because had it gone into bankrupcy without his highness stepping in, the unions would have gotten clobbered. Union retirement accounts are unsecured, secured creditors get paid out first, then unsecured.
The unions called in the favor they did for Obama. "

exactly.
Click to expand...

Go back and read the thread again.

Ollie, GM is privately owned and on the NYSE?? LOL
 
Think how boring it would be if everyone agreed.

It's good to get people that do disagree.
Adds a different prespective on things.
I don't claim to know everything or be right all the time (just most of the time;)). If someone has a valid point, great.
If it differs from mine I am more than happy to debate it with em, as long as they have points and can at least try to back em up.
 
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