Thread: another bailout for GM

http://online.wsj.com/article/SB1256...DDLETopStories



Meh, what's another 5 billion? Who cares?



The US gubmint how has a 35.4% stake in General Motors. Too big to fail? You bet! ANYTHING the gubmint owns, is going to be deemed "too big to fail", LONG before the starvation of a single US citizen will be considered on Capitol Hill.



This government is rapidly becoming a BIG JOKE! They'll give money to ANYONE who whines loud enough! Yesterday it was the "notch babies" for Social Security, today it's another damn car company.



What the heck are these idiots thinking? That&#39;s ===> MY <=== money they&#39;re messing with! Maybe it&#39;s time they were reminded of that simple fact....

[quote name=&#39;nonsqtr&#39; date=&#39;27 October 2009 - 06:14 PM&#39; timestamp=&#39;1256692490&#39; post=&#39;46228&#39;]

http://online.wsj.co...IDDLETopStories



Meh, what&#39;s another 5 billion? Who cares?



The US gubmint how has a 35.4% stake in General Motors. Too big to fail? You bet! ANYTHING the gubmint owns, is going to be deemed "too big to fail", LONG before the starvation of a single US citizen will be considered on Capitol Hill.



This government is rapidly becoming a BIG JOKE! They&#39;ll give money to ANYONE who whines loud enough! Yesterday it was the "notch babies" for Social Security, today it&#39;s another damn car company.



What the heck are these idiots thinking? That&#39;s ===> MY <=== money they&#39;re messing with! Maybe it&#39;s time they were reminded of that simple fact....

[/quote]



This is about saving the unions, anything related to the auto&#39;s is going to be saved as it all hinges around the union and keeping them alive. Obama could never let a strong supporter such as the Auto unions that voted for him ever take a fall no matter how much of our tax dollars he has to give them.

[quote name=&#39;Forplay&#39; date=&#39;27 October 2009 - 09:22 PM&#39; timestamp=&#39;1256692947&#39; post=&#39;46236&#39;]

This is about saving the unions, anything related to the auto&#39;s is going to be saved as it all hinges around the union and keeping them alive. Obama could never let a strong supporter such as the Auto unions that voted for him ever take a fall no matter how much of our tax dollars he has to give them.

[/quote]



But this is the banking arm! This is GMAC, they don&#39;t have anything to do with unions! They have more to do with the CUSTOMERS - they finance the people who buy the cars!



See, I mean, if you bought a car, and then went bankrupt, the law as it&#39;s written today says YOU STILL OWE FOR THE CAR!



But if GM buys a hundred thousand cars (worth of parts) and then goes bankrupt, not only do they NOT owe, but they can get free taxpayer money to pay off their bills!



The PEOPLE get screwed, while the CORPORATIONS get off not-only scot-free, they make out like bandits! Literally!

[quote name=&#39;nonsqtr&#39; date=&#39;27 October 2009 - 06:37 PM&#39; timestamp=&#39;1256693853&#39; post=&#39;46247&#39;]

But this is the banking arm! This is GMAC, they don&#39;t have anything to do with unions! They have more to do with the CUSTOMERS - they finance the people who buy the cars!



See, I mean, if you bought a car, and then went bankrupt, the law as it&#39;s written today says YOU STILL OWE FOR THE CAR!



But if GM buys a hundred thousand cars (worth of parts) and then goes bankrupt, not only do they NOT owe, but they can get free taxpayer money to pay off their bills!



The PEOPLE get screwed, while the CORPORATIONS get off not-only scot-free, they make out like bandits! Literally!

[/quote]



It has everything to do with the unions, GMAC is the lending arm of Govmotors and if the lending arm goes down so does Govmotors as no financing will be available to buyers of Govmotors cars. They go hand in hand and I don&#39;t know of any other lending institution to take GMAC&#39;s place, now there could be in the long term but by them Govmotors is long gone along with the union jobs.

Yep, keeping his union buddies employed through the hard work of the American tax payer and no way any of this is going to be paid back.



You guys keep prattling on about Bush&#39;s crimes but Obama&#39;s crimes are profound compared to anything Bush did and it&#39;s not even a year yet. Generational theft and millions of apologist who either completely ignore it or try pathetically to defend it.

[quote name=&#39;Six&#39; date=&#39;27 October 2009 - 10:47 PM&#39; timestamp=&#39;1256698031&#39; post=&#39;46286&#39;]

Yep, keeping his union buddies employed through the hard work of the American tax payer and no way any of this is going to be paid back.



You guys keep prattling on about Bush&#39;s crimes but Obama&#39;s crimes are profound compared to anything Bush did and it&#39;s not even a year yet. Generational theft and millions of apologist who either completely ignore it or try pathetically to defend it.

[/quote]



Dude, gimme a minute to catch up! I&#39;m still tryin&#39; to figure out all the horrible rotten things that weasel Bush did -



Now you&#39;re telling me there&#39;s ANOTHER version of him running around? Yikes!

[quote name=&#39;nonsqtr&#39; date=&#39;27 October 2009 - 09:58 PM&#39; timestamp=&#39;1256698689&#39; post=&#39;46291&#39;]

Dude, gimme a minute to catch up! I&#39;m still tryin&#39; to figure out all the horrible rotten things that weasel Bush did -



Now you&#39;re telling me there&#39;s ANOTHER version of him running around? Yikes!

[/quote]



Thye difference between the two is that Bush was for real, his trillions of debt is real. The Obama likeness to Bush is imaginary.

[quote name=&#39;jacksbrat&#39; date=&#39;27 October 2009 - 11:28 PM&#39; timestamp=&#39;1256700526&#39; post=&#39;46305&#39;]

Thye difference between the two is that Bush was for real, his trillions of debt is real. The Obama likeness to Bush is imaginary.

[/quote]



Oh no, it&#39;s real too. It just hasn&#39;t come home to roost yet. Notice how they&#39;re being very clever delaying this healthcare thing till 2013 - you won&#39;t see your first 1040 till AFTER Obama&#39;s first term... snicker...