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I'm absolutely scratching my head at how many liberals are enthusiastically cheering on crony capitalism all of a sudden. I guess I shouldn't be surprised since its their cronies involved.
Libs are okay with capitalism as long as it is a union shop. They also don't mind Starbucks, Target and "alternative" energy capitalists.
It's WalMart, Haliburton and Exxon capitalism that is evil.
I would hardly call it Obama's success. Let get the books out and see how many peeps were laid off to meet this goal.
A company I worked for last year was doing well too, after they laid off over 400 people and cut their overhead to the bone then closed four building. Yeah, they were doing fine!
I would hardly call it Obama's success. Let get the books out and see how many peeps were laid off to meet this goal.
A company I worked for last year was doing well too, after they laid off over 400 people and cut their overhead to the bone then closed four building. Yeah, they were doing fine!
The alternative to the cost cutting at your company would mean everyone loses their jobs.
This whole situation was a lose-lose with concerns to public opinion. Obama and his team could have done nothing and let the whole industry collapse and then unemployment would have skyrocketing and people would complain or do what they did and have people complain about it. They chose to preserve an industry and take the heat rather than letting an industry die and taking the heat.
The alternative to the cost cutting at your company would mean everyone loses their jobs.
Nonsense.
GM and Chrysler would have gone through the NORMAL bankruptcy process if not for obama's intervention on behalf of the unions. The unions would have had to compromise on pensions and benefits, which is what is killing manufacturing, but the jobs would have remained.
They would have gone through a normal restructuring and alleviated the crushing cost of union labor and pensions, but no, obama stepped in to save his buddies, as he screwed the original creditors/investors.
GM and Chrysler would have gone through the NORMAL bankruptcy process if not for obama's intervention on behalf of the unions. The unions would have had to compromise on pensions and benefits, which is what is killing manufacturing, but the jobs would have remained.
They would have gone through a normal restructuring and alleviated the crushing cost of union labor and pensions, but no, obama stepped in to save his buddies, as he screwed the original creditors/investors.
He turned contract law on it's head.
The part you quoted me on is what every business does when times get bad, they downsize or go under. That means that everyone loses their job.
GM and Chrysler did go through bankruptcy and the union members lost a lot, it was after bankruptcy that the government gave them money to continue to operate.
After all GM is now building a brand spanking new multi billion dollar factory in ----- You guessed it Mexico.
Thank you Obama for allowing them to build out of our country and take all those jobs with them.
He gets all the credit for NOT knowing to tie them into a legal and binding contract that if they turn things around they will have to build or expand here in the US.
No wonder he failed as an attorney.
They take our tax payer money and build a multi billion dollar plant in Mexico on American tax payers money thanks to the poor handling of the bailout by none other then the anti American job dunce in the WH.
...The auto bailouts occurred months before Obama even took office. I even remember discussing them with some of the people in this thread. In fact, I know it was attached to the TARP legislation, which definately passed under Bush. Obama's contribution was putting the taxpayer on the hook by promising to assume the debts and obligations of Chrysler and GM should they go under.
Of course, Obama voted for TARP so I suppose he could weasel in some credit that way.. But then again, bailouts are a reward for epic failure (a typical Democratic theme) and should remain politically toxic.
Politicians scrambling to take credit?? I think there is more of an attempt to deflect attention and blame from the unconscionable theft from GM bondholders and Chrysler secured lenders that helped finance it.
If the goverment truly wanted to get out of the auto business, they would simply mail out stock certificates pro-rata to the taxpayers--instead of selling off some fraction of its shares in the IPO. Of course, government influence and control was the key to the additional billions of wealth preserved for the UAW and its interests.
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