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Obama Forces GM CEO out.


Perchoutofwater
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Personally, I'd rather see the entire GM workforce put out on the street when the company goes belly up than to have one exec pull the string on his golden parachute. But that's just me.

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:D way to give chrysler absolutely zero leverage in those negotiations. :D

 

I thought the same thing.

 

FIAT values Chrysler at $1 + $6 billion.

 

...but, then I thought that otherwise, FIAT would value Chrysler at $1 billion + (___% * $6 billion) ... where ___% is the probability that the USG would come through with some dough...

 

So, by coming right out with it, there is a chance that this improved Chrylster's position. :wacko:

Edited by muck
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The above message brought to you by fedgov, inc.

 

Interesting choice of words, there Pope.

 

:wacko: Because I work in the entertainment business and that phrase is as old as dirt TV itself? :D

 

No...it's not everywhere wv. But I think if you keep looking you'll satisfy yourself to having found it regardless.

Edited by Pope Flick
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Oh please. Obama can do no wrong in your simple little eyes. This is not an insignificant action here. It is not the place of a President to fire and hire executives like this.

 

Well, bailing out private corporations with taxpayers money is thesignificant issue. The president wouldn't be forcing anyone out or in if they didn't take govt money.

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Mr. Callahan -

 

Not only may you take Friday, you may clean out your desk and take all the time off you need.

 

Thanks for your vote,

Big O

 

Dear Big O,

 

Thanks for putting me and millions of my fellow Americans on welfare. You really are going to make my mortgage payment!!!

 

Yer the bestest.

 

TimC...the C stands for Cuddling Your Big Gubment Tittie

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Jesus, was there this much whining when Chimpy was elected EITHER time?

 

BJ, scare up a thread or two willya?

 

Anyone propose civil war when Rainman (without the savant part) won?

After the 2004 election, it was more of similar stuff since before the election. I was not here for the 2000 election nor the next several months afterward, so you need a longtimer to answer this for that timeframe.

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Jesus, was there this much whining when Chimpy was elected EITHER time?

 

BJ, scare up a thread or two willya?

 

Anyone propose civil war when Rainman (without the savant part) won?

 

Chimpy wasn't a socialist. While Chimpy's spending was out of control, it was no where near what Obama proposes to spend. I can't see how anyone that actually pays taxes can be happy with the spending Obama is proposing, and I think quite a few will be suprised to find out they do indeed get a tax increase even though Obama told them we wouldn't. If he does spend as much as he says he is going to, and doesn't increase taxes on pretty much everyone, we are fhucked

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Mr. Callahan -

 

Not only may you take Friday, you may clean out your desk and take all the time off you need.

 

Thanks for your vote,

Big O

 

 

Dear Big O,

 

Thanks for putting me and millions of my fellow Americans on welfare. You really are going to make my mortgage payment!!!

 

Yer the bestest.

 

TimC...the C stands for Cuddling Your Big Gubment Tittie

 

 

:wacko:

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:wacko: throwing billions at a corporation that has been run into the ditch, with incredibly bleak future prospects, is the epitome of government waste.

I couldn't agree more. I would simply have let GM fail, knowing that the market will ALWAYS step up to meet demand. This is the essence of sensible capitalism - it is necessary for the inefficient to die off and be replaced.

 

As a reminder, only one of the original Dow 30 remains. The other 29 are history and no-one seems any the worse for it.

 

The financial crisis is a different beast and had to be handled differently but when it blows over, the government needs to break up the "too big to fail" companies.

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I couldn't agree more. I would simply have let GM fail, knowing that the market will ALWAYS step up to meet demand. This is the essence of sensible capitalism - it is necessary for the inefficient to die off and be replaced.

 

As a reminder, only one of the original Dow 30 remains. The other 29 are history and no-one seems any the worse for it.

 

The financial crisis is a different beast and had to be handled differently but when it blows over, the government needs to break up the "too big to fail" companies.

 

If you think about it, these policies are exactly the reverse of Darwinism, a theory that the liberal left wields like a sharp sword thickly coated in mockery*.

 

Let's practice some good old fashioned Darwinism, folks :wacko:

 

EDIT: BTW, I totally disagree that the goverment should break up, or have anything to do with "too big to fail" companies. Either the companies are violating anti-trust laws, or not. Otherwise, let them live or die as constituted.

 

*While I too accept the Theory of Evolution as the relative crux of "how we got here", I try not to mock people for their religious beliefs.

Edited by Caveman_Nick
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