GM Should Opt for Bankruptcy

Plus the fact that both companies were placed under complete government conservatorship.

Such was not and is not the case with GM.

Obama's "suggestion" that Wagoner step down was a threat and, as such, an abuse of power of the office of President.

 

http://online.wsj.com/article/SB122156561931242905.html

 

You got it, the government totally took the over and hand picked the new CEO's. That would be the previous administration.

Right again, Obama didn't take over GM just asked the CEO to step down just like the previous administration did at AIG.

But the precedent came from the previous administration who did the same at the three companies I mentioned. I'm not saying what Obama did was right, just that he wasn't the first to do it.

I consider GM a little different, they were lent money under the conditions they would come back with a plan to be profitable. They didn't have a plan when they returned. Sounds like new leadership was needed and since the board of directors didn't appear to be doing their job I guess someone had to do it.

I still say the board of directors should be paid with stocks. Maybe it would encourage them to do something once in a while.

 

Your willful ignorance will not allow you to see the difference.

So be it.

 

LOL... Thanks for admitting your boat don't float.

The only difference is the Republican's did the 3 previous companies and a Democrat named Obama did GM. Now the way I see it, the Democrats have two more companies to take over before they match what the Republican's did. Other than party, all of these are examples of government intervening in private industry. Take off your conservative shaded glasses and look at it for what it is...

 

The government needs to stop all foreign imports, globalization has destroyed our economy.

 

You competely ignored my point. Of course, when your argument is anorexic, that is standard fare.

I'll say it again:

Translation: because former President Bush did some stupid, anti-capitalist things, that allows the One Who Can Never Do Wrong to do the same, carte blanche.

 

They are rose colored... Real Men don't wear PINK! :laugh:

 

I fully understood your point and thought I sufficiently responded.

Let me say it this way, then all this anger about government taking over private businesses should be directed at government as a whole and not specifically at Obama. Do you agree?

It appears to be a practice of our government and not just the Obama administration. Now one thing I can say for Obama, at least they went before congress and tried to get it made legal. In my view, that is admitting they know what they did was wrong.

 

Naw, not too young... Just went over my head... You meant as in commie...

Haven't heard that expression since Frank Burns used it on MASH.

 

If by "responding," you mean, "excused his behavior based on what was done before," then I guess you did. But if the buck truly does stop with Mr. Obama, then he shouldn't hide behind stupid policies someone else did. He should "man up" and do what is right. I'm not holding my breath, since apparently the government takeover of business is "right" to him.

If you will recall, I said repeatedly that that crook Paulson (Bush's idiot who destroyed our economy) should be put under the jail. And Bush was a dummy for putting someone like that in charge.

Last I checked, Fascism wasn't legal. But I'm sure it will be soon. People seem to like it.

Morons.

 

Agreed.....