OT: Obama: 1, GM/Chrysler/Wagoner/UAW: 0

[Coronita]

[quote=SD Realtor]FLU I need to retract my approval of this move by OB… it is pending further review. In essence I was hoping that OB was forcing all parties involved, (especially labor) to give in and concede to the fact that they were essentially strangling the company. After listening to the exact way OB worded things in his speech today I no longer think that is the case. I think that in some bizarre way he is wanted a reorg of the company and that the burden of the reorg will be somewhat selective.

I think we will coin a new term called Barrackruptcy. So Barrack gets to pick and choose who gets wiped out.

Like I said, pending further review.

[/quote]

Diego M posted this picture a few days ago. I thought it was hysterical.So funny, yet so sad at the same time.

http://piggington.com/ot_auto_industry_bailout

[rnen]

To be fair…. as far as I know Ford has not taken a dime from the tax payer.

[rnen]

To be fair…. as far as I know Ford has not taken a dime from the tax payer.

[rnen]

To be fair…. as far as I know Ford has not taken a dime from the tax payer.

[rnen]

To be fair…. as far as I know Ford has not taken a dime from the tax payer.

[rnen]

To be fair…. as far as I know Ford has not taken a dime from the tax payer.

[TheBreeze]

You guys are clueless. The auto bailout is nothing! It amounts to peanuts and yet you let yourselves be distracted by it.

What is much more concerning from a fiscal perspective is the bank bailout. The banks are still ripping off the taxpayers massively and you Piggs have let the government and the MSM distract you from it. I posted the following in another thread:

Also, you may have heard that the some big banks were ‘profitable’ in January and February. Surprise, surprise, that ‘profitable’ came straight from taxpayers as AIG overpaid massively (at the insistence of the government) on several of those CDS contracts they wrote:

http://zerohedge.blogspot.com/2009/03/exclusive-aig-was-responsible-for-banks.html

Here’s a good tutorial that explains how taxpayers are about to get royally screwed by Geithner’s latest plan:

It’s the banks (Citi, JPM, BofA, Goldman, Wells Fargo) that are going to bring this country down, not the automakers.

And anyone who thinks that Obama’s dealings with the automakers somehow shows he is less ‘socialist’ has no idea what is going on. The automakers are still going to get their money, but the Obama administration is pulling this political stunt to distract everyone from the looting that the banks are doing. For every taxpayer dollar that the automakers get, the banks get 20-30 times that much.

[TheBreeze]

You guys are clueless. The auto bailout is nothing! It amounts to peanuts and yet you let yourselves be distracted by it.

What is much more concerning from a fiscal perspective is the bank bailout. The banks are still ripping off the taxpayers massively and you Piggs have let the government and the MSM distract you from it. I posted the following in another thread:

Also, you may have heard that the some big banks were ‘profitable’ in January and February. Surprise, surprise, that ‘profitable’ came straight from taxpayers as AIG overpaid massively (at the insistence of the government) on several of those CDS contracts they wrote:

http://zerohedge.blogspot.com/2009/03/exclusive-aig-was-responsible-for-banks.html

Here’s a good tutorial that explains how taxpayers are about to get royally screwed by Geithner’s latest plan:

It’s the banks (Citi, JPM, BofA, Goldman, Wells Fargo) that are going to bring this country down, not the automakers.

And anyone who thinks that Obama’s dealings with the automakers somehow shows he is less ‘socialist’ has no idea what is going on. The automakers are still going to get their money, but the Obama administration is pulling this political stunt to distract everyone from the looting that the banks are doing. For every taxpayer dollar that the automakers get, the banks get 20-30 times that much.

[TheBreeze]

You guys are clueless. The auto bailout is nothing! It amounts to peanuts and yet you let yourselves be distracted by it.

What is much more concerning from a fiscal perspective is the bank bailout. The banks are still ripping off the taxpayers massively and you Piggs have let the government and the MSM distract you from it. I posted the following in another thread:

Also, you may have heard that the some big banks were ‘profitable’ in January and February. Surprise, surprise, that ‘profitable’ came straight from taxpayers as AIG overpaid massively (at the insistence of the government) on several of those CDS contracts they wrote:

http://zerohedge.blogspot.com/2009/03/exclusive-aig-was-responsible-for-banks.html

Here’s a good tutorial that explains how taxpayers are about to get royally screwed by Geithner’s latest plan:

It’s the banks (Citi, JPM, BofA, Goldman, Wells Fargo) that are going to bring this country down, not the automakers.

And anyone who thinks that Obama’s dealings with the automakers somehow shows he is less ‘socialist’ has no idea what is going on. The automakers are still going to get their money, but the Obama administration is pulling this political stunt to distract everyone from the looting that the banks are doing. For every taxpayer dollar that the automakers get, the banks get 20-30 times that much.

[TheBreeze]

You guys are clueless. The auto bailout is nothing! It amounts to peanuts and yet you let yourselves be distracted by it.

What is much more concerning from a fiscal perspective is the bank bailout. The banks are still ripping off the taxpayers massively and you Piggs have let the government and the MSM distract you from it. I posted the following in another thread:

Also, you may have heard that the some big banks were ‘profitable’ in January and February. Surprise, surprise, that ‘profitable’ came straight from taxpayers as AIG overpaid massively (at the insistence of the government) on several of those CDS contracts they wrote:

http://zerohedge.blogspot.com/2009/03/exclusive-aig-was-responsible-for-banks.html

Here’s a good tutorial that explains how taxpayers are about to get royally screwed by Geithner’s latest plan:

It’s the banks (Citi, JPM, BofA, Goldman, Wells Fargo) that are going to bring this country down, not the automakers.

And anyone who thinks that Obama’s dealings with the automakers somehow shows he is less ‘socialist’ has no idea what is going on. The automakers are still going to get their money, but the Obama administration is pulling this political stunt to distract everyone from the looting that the banks are doing. For every taxpayer dollar that the automakers get, the banks get 20-30 times that much.

[TheBreeze]

You guys are clueless. The auto bailout is nothing! It amounts to peanuts and yet you let yourselves be distracted by it.

What is much more concerning from a fiscal perspective is the bank bailout. The banks are still ripping off the taxpayers massively and you Piggs have let the government and the MSM distract you from it. I posted the following in another thread:

Also, you may have heard that the some big banks were ‘profitable’ in January and February. Surprise, surprise, that ‘profitable’ came straight from taxpayers as AIG overpaid massively (at the insistence of the government) on several of those CDS contracts they wrote:

http://zerohedge.blogspot.com/2009/03/exclusive-aig-was-responsible-for-banks.html

Here’s a good tutorial that explains how taxpayers are about to get royally screwed by Geithner’s latest plan:

It’s the banks (Citi, JPM, BofA, Goldman, Wells Fargo) that are going to bring this country down, not the automakers.

And anyone who thinks that Obama’s dealings with the automakers somehow shows he is less ‘socialist’ has no idea what is going on. The automakers are still going to get their money, but the Obama administration is pulling this political stunt to distract everyone from the looting that the banks are doing. For every taxpayer dollar that the automakers get, the banks get 20-30 times that much.

[Coronita]

Ok folks. It’s even better now….

http://finance.yahoo.com/news/GM-to-make-payments-for-apf-14796630.html?sec=topStories&pos=3&asset=TBD&ccode=TBD

Following Hyundai’s lead, Ford and GM are now offering to pay for your car payments if you buy a Ford/GM and lose your job.

—-

General Motors says it will make car payments for some customers who lose their jobs.

The automaker’s new CEO Fritz Henderson says under GM’s new “Total Confidence” program, the company will make up to nine car payments of $500 each for customers who have lost their jobs through no fault of their own.

Customers must qualify for state unemployment to be eligible for the program. The program starts April 1 and runs until April 30.

The news comes hours after rival Ford Motor Co. said it would take over customers’ payments of up $700 for a year in the event of job loss.

Henderson, formerly chief operating officer of General Motors Corp., replaced Rick Wagoner who stepped down Monday at the government’s request as the Detroit automaker seeks more federal aid.”

——————

Translation…

Dear Comrade Taxpayers,

(Those of you who still have income and are paying taxes….)…At your earliest convenience, please subsidize your soon-to-be-unemployed neighbor’s GM new car purchase! Heck, you’re already subsidizing their underwater mortgage, what’s another car payment to ya? Forget about saving for your own home or car purchase, spread some of the wealth and help your neighbor obtain the american dream before you do.

LOL…..

[Coronita]

Ok folks. It’s even better now….

http://finance.yahoo.com/news/GM-to-make-payments-for-apf-14796630.html?sec=topStories&pos=3&asset=TBD&ccode=TBD

Following Hyundai’s lead, Ford and GM are now offering to pay for your car payments if you buy a Ford/GM and lose your job.

—-

General Motors says it will make car payments for some customers who lose their jobs.

The automaker’s new CEO Fritz Henderson says under GM’s new “Total Confidence” program, the company will make up to nine car payments of $500 each for customers who have lost their jobs through no fault of their own.

Customers must qualify for state unemployment to be eligible for the program. The program starts April 1 and runs until April 30.

The news comes hours after rival Ford Motor Co. said it would take over customers’ payments of up $700 for a year in the event of job loss.

Henderson, formerly chief operating officer of General Motors Corp., replaced Rick Wagoner who stepped down Monday at the government’s request as the Detroit automaker seeks more federal aid.”

——————

Translation…

Dear Comrade Taxpayers,

(Those of you who still have income and are paying taxes….)…At your earliest convenience, please subsidize your soon-to-be-unemployed neighbor’s GM new car purchase! Heck, you’re already subsidizing their underwater mortgage, what’s another car payment to ya? Forget about saving for your own home or car purchase, spread some of the wealth and help your neighbor obtain the american dream before you do.

LOL…..

[Coronita]

Ok folks. It’s even better now….

http://finance.yahoo.com/news/GM-to-make-payments-for-apf-14796630.html?sec=topStories&pos=3&asset=TBD&ccode=TBD

Following Hyundai’s lead, Ford and GM are now offering to pay for your car payments if you buy a Ford/GM and lose your job.

—-

General Motors says it will make car payments for some customers who lose their jobs.

The automaker’s new CEO Fritz Henderson says under GM’s new “Total Confidence” program, the company will make up to nine car payments of $500 each for customers who have lost their jobs through no fault of their own.

Customers must qualify for state unemployment to be eligible for the program. The program starts April 1 and runs until April 30.

The news comes hours after rival Ford Motor Co. said it would take over customers’ payments of up $700 for a year in the event of job loss.

Henderson, formerly chief operating officer of General Motors Corp., replaced Rick Wagoner who stepped down Monday at the government’s request as the Detroit automaker seeks more federal aid.”

——————

Translation…

Dear Comrade Taxpayers,

(Those of you who still have income and are paying taxes….)…At your earliest convenience, please subsidize your soon-to-be-unemployed neighbor’s GM new car purchase! Heck, you’re already subsidizing their underwater mortgage, what’s another car payment to ya? Forget about saving for your own home or car purchase, spread some of the wealth and help your neighbor obtain the american dream before you do.

LOL…..

[Coronita]

Ok folks. It’s even better now….

http://finance.yahoo.com/news/GM-to-make-payments-for-apf-14796630.html?sec=topStories&pos=3&asset=TBD&ccode=TBD

Following Hyundai’s lead, Ford and GM are now offering to pay for your car payments if you buy a Ford/GM and lose your job.

—-

General Motors says it will make car payments for some customers who lose their jobs.

The automaker’s new CEO Fritz Henderson says under GM’s new “Total Confidence” program, the company will make up to nine car payments of $500 each for customers who have lost their jobs through no fault of their own.

Customers must qualify for state unemployment to be eligible for the program. The program starts April 1 and runs until April 30.

The news comes hours after rival Ford Motor Co. said it would take over customers’ payments of up $700 for a year in the event of job loss.

Henderson, formerly chief operating officer of General Motors Corp., replaced Rick Wagoner who stepped down Monday at the government’s request as the Detroit automaker seeks more federal aid.”

——————

Translation…

Dear Comrade Taxpayers,

(Those of you who still have income and are paying taxes….)…At your earliest convenience, please subsidize your soon-to-be-unemployed neighbor’s GM new car purchase! Heck, you’re already subsidizing their underwater mortgage, what’s another car payment to ya? Forget about saving for your own home or car purchase, spread some of the wealth and help your neighbor obtain the american dream before you do.

LOL…..

[Author]

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