is Obama now the chairman of the board of General Motors?

[Dude!]

not sure what this does or doesn't mean

time will make the details known


http://www.politico.com/news/stories/0309/20625.html

[Death Metal Moe]

Another 1st!

[Dude!]

Another 1st!

:clap:

[torker]

I thought they were banning black cars.

[HBox]

not sure what this does or doesn't mean

time will make the details known


http://www.politico.com/news/stories/0309/20625.html

When they are completely reliant on taxpayer money to function, yeah, Obama can tell them to sit and spin.

[Tenbatsuzen]

When they are completely reliant on taxpayer money to function, yeah, Obama can tell them to sit and spin.

What this hopefully will mean is that Obama is going to tell GM and Dodge to start making cars that the people need, rather than making cars THEY THINK the people need.

A reduction of SUVs and overlaps in luxury.

Better fuel mileage (Dodge, I'm looking RIGHT at you)

Pushing the Volt.

Etc.

[Jughead]

And every one loves baseball at 3 million a player....Bullshit...

[scottinnj]

And every one loves baseball at 3 million a player....Bullshit...

Yeah, I don't like it either, but I still buy tickets that pays those stupid salaries and at least MLB isn't looking to the Federal Reserve for a handout.

[scottinnj]

I'm the last to post in both of the GM threads. Now merge them together and make me IMMORTAL! HA HA HA HA HA HA!!!!!!

[DarkHippie]

I'm not entirely comfortable with this. It gives too much power to the executive branch. But it is a complex situation, since the tax payers bailed out GM, we are effectively stock holders. I guess that would make Obama our representitive.

Still, soemthing doesn't sit right with me. It seems a bit fascist.

[boosterp]

I'm not entirely comfortable with this. It gives too much power to the executive branch. But it is a complex situation, since the tax payers bailed out GM, we are effectively stock holders. I guess that would make Obama our representitive.

Still, soemthing doesn't sit right with me. It seems a bit fascist.

My thoughts exact. Although in it's purest form we the people now own a chunk of GM, the executive branch can now oust the boss of GM which was a private company.

[9mileskid]

shouldn't we all vote if were all shareholders.

[CountryBob]

we all have already voted - didnt get the memo?

[Freitag]

I'm not entirely comfortable with this. It gives too much power to the executive branch. But it is a complex situation, since the tax payers bailed out GM, we are effectively stock holders. I guess that would make Obama our representitive.

Still, soemthing doesn't sit right with me. It seems a bit fascist.

I think it boils down to GM's plan - something they had a long, long time to work on - didn't make sense to the government (whereas Chrysler and Ford's plans made more sense) and in order to get more money from the bailout funds, change was needed, so Waggoner "fell on the sword", effectively.

At least, that's how it was explained to me.

It's not like GM was making all these great strides and Obama stepped in. I think this change was a long time in the making.

[IMSlacker]

shouldn't we all vote if were all shareholders.

We're not shareholders, we're debt holders.

[Freitag]

I think it boils down to GM's plan - something they had a long, long time to work on - didn't make sense to the government (whereas Chrysler and Ford's plans made more sense) and in order to get more money from the bailout funds, change was needed, so Waggoner "fell on the sword", effectively.

At least, that's how it was explained to me.

It's not like GM was making all these great strides and Obama stepped in. I think this change was a long time in the making.

I just read some more, both Chrysler and GM's plans were not considered viable, which is why Waggoner's gone.

Man, if your competition has just as screwy a plan as you do, and your competition is Nardelli, and YOU'RE the one losing your job, you must suck. Big time.

[boosterp]

I think it boils down to GM's plan - something they had a long, long time to work on - didn't make sense to the government (whereas Chrysler and Ford's plans made more sense) and in order to get more money from the bailout funds, change was needed, so Waggoner "fell on the sword", effectively.

At least, that's how it was explained to me.

It's not like GM was making all these great strides and Obama stepped in. I think this change was a long time in the making.

Correction: Ford has not received money from the bailout. They are reorganizing on their own so that they do not have to take the money and conditions.


Obama: first black CEO of the Big 3! :surrender:

[Freitag]

Correction: Ford has not received money from the bailout. They are reorganizing on their own so that they do not have to take the money and conditions.


Obama: first black CEO of the Big 3! :surrender:

Lee Iacocca is Sicilian.

[epo]

And every one loves baseball at 3 million a player....Bullshit...

I love ya Juggy, but that's the strangest red herring I've seen all day.

What this hopefully will mean is that Obama is going to tell GM and Dodge to start making cars that the people need, rather than making cars THEY THINK the people need.

A reduction of SUVs and overlaps in luxury.

Better fuel mileage (Dodge, I'm looking RIGHT at you)

Pushing the Volt.

Etc.

Well...that's the thing. Wagoner was in charge for the last 8 years and has driven that company into the ground with his decisions. For what....9 billion dollars of taxpayer money he was asked to put together a business plan that met the government's requests...and neither GM nor Dodge did it.

None of us have any clue how the conversation went, but lets just hope that Dodge & GM come out of this with sane & competitive business plans that provide their investors a bit of return and provide the world market with a quality product.

I'm not entirely comfortable with this. It gives too much power to the executive branch. But it is a complex situation, since the tax payers bailed out GM, we are effectively stock holders. I guess that would make Obama our representitive.

Still, soemthing doesn't sit right with me. It seems a bit fascist.

Is it weird? Fuck yes. But the use of the word facist is a bit of overkill.

[HBox]

It's not like Obama "forced" Wagoner to resign. Wagoner could have stayed, refused government aid and saw what happened. They want free money from the government and the government has conditions. There's nothing remotely fascist about any of it.

[TripleSkeet]

You know times are tough when the President has to get a sidejob.

[scottinnj]

Forgot the link, (sorry) but I just read Wagoner is getting 20m for falling on his sword.

[TheMojoPin]

It's not like Obama "forced" Wagoner to resign. Wagoner could have stayed, refused government aid and saw what happened. They want free money from the government and the government has conditions. There's nothing remotely fascist about any of it.

Agreed, though this is definitely something very unique that should be watched very carefully.

[Yosammity]

I'd like to read more about Obama's plan.

http://www.willisms.com/archives/manifesto.gif

[ToiletCrusher]

Finally all GM cars will roll on dubs.

[scottinnj]

I'd like to read more about Obama's plan.

http://www.willisms.com/archives/manifesto.gif

Far from that yet. Nobody has forced the banks or the auto industry to take the TARP money.
When Congress decides to nationalize everything, whether or not the companies need/want the government funding, then I'll read the book.

I've seen hardcore commies face to face. Not the mamby pamby college hippies, but the East German/Soviet Russia commies. Big F-ing difference. Obama may be a wacky liberal with some of this economy stuff, but he is no commie.

[TheMojoPin]

I forgot about when Marx talked about how communism involves asking the CEO to step down and he gets $20 million for doing it.

[epo]

I forgot about when Marx talked about how communism involves asking the CEO to step down and he gets $20 million for doing it.

Silence! Logic and reason can hurt people's brains.

[foodcourtdruide]

I forgot about when Marx talked about how communism involves asking the CEO to step down and he gets $20 million for doing it.

If people actually understood Marxism, Communism or Socialism, how would the bumper sticker business survive?

[TheMojoPin]

If people actually understood Marxism, Communism or Socialism, how would the bumper sticker business survive?

Don't forget the new additions of Ayn Rand, Populism and the Boston Tea Party.

[foodcourtdruide]

Don't forget the new additions of Ayn Rand, Populism and the Boston Tea Party.

Oh god, how many people do you know that after reading Ayn Rand were Objectivists for a few months until they realized that we're not all vulcans?

[Syd]

I forgot about when Marx talked about how communism involves asking the CEO to step down and he gets $20 million for doing it.

the most basic fundamental of communism is the controlling elite seizing the CEO position

[TheMojoPin]

the most basic fundamental of communism is the controlling elite seizing the CEO position

Yeah, let's gloss over the details. Good ol' historical analogy...killing history since forever.

[booster11373]

There is going to be a "Tea Party" in my town in a few weeks those attending are encouraged to bring signs

[booster11373]

the most basic fundamental of communism is the controlling elite seizing the CEO position

When the Communist killed the Tsar the also took his stuff

[A.J.]

When the Communist killed the Tsar the also took his stuff

And then Anastasia screamed in vain.

[foodcourtdruide]

the most basic fundamental of communism is the controlling elite seizing the CEO position

These superfluous arguments really detract from the real arguments that should be taking place.

[Dude!]

And then Anastasia screamed in vain.

nice!

[SP1!]

I forgot about when Marx talked about how communism involves asking the CEO to step down and he gets $20 million for doing it.

Well what scares me the most is that now the story is coming out about how the government is now backing their loans and their warranty service, what the fuck is that about?

Let these companies go under then try and rebuild, that is capitalism but for some reason they are dead set on saving the unions jobs.

[Gvac]

And then Anastasia screamed in vain.

I love you more and more each day.

[Syd]

Well what scares me the most is that now the story is coming out about how the government is now backing their loans and their warranty service, what the fuck is that about?

Let these companies go under then try and rebuild, that is capitalism but for some reason they are dead set on saving the unions jobs.

so, you're all for spiking unemployment to 25%+ or more in several states so you can worship the ideas of adam smith

far out

[scottinnj]

...the government is now backing their loans and their warranty service, what the fuck is that about?

Stage one of Universal Health Coverage. We give the cars free health insurace first before the humans. Sort of a rollout, make sure we get the bugs out of UHC before we all get it.

[Yosammity]

It's a slippery slope, my friends. Remember, this is only the first few months of his first term...

[DarkHippie]

There is going to be a "Tea Party" in my town in a few weeks those attending are encouraged to bring signs

yes, we all need a good teabagging

[scottinnj]

Chevys don't break. 'Nuff said.

Now lock it up.

[HBox]

Chevys don't break. 'Nuff said.

Now lock it up.

But their bank statements do.

OOOOOWWWWWW!

[scottinnj]

But their bank statements do.

OOOOOWWWWWW!

You really know how to hurt a guy.

[TooLowBrow]

"GM makes cars in Canada just so they don't have to pay into health plans."

is this true?

[Gvac]

GM announced today that it plans to close down all of its US plants for 9 weeks this summer.

Way to go, Obama.

[epo]

GM announced today that it plans to close down all of its US plants for 9 weeks this summer.

Way to go, Obama.

Maybe if one of the hundreds of vehicles in your fleet were a General Motors product, we wouldn't have this problem.