Users Online Now:
GLP Poker Rooms
GiveMeGossip.com - Gossip Forum
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
Good Bye Obama
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:No Dhimmi:MV8yMDA4NTk1XzM0MjM3NzM5X0Q4RkQ3NTMz] Fact: The GM Bailout Destroyed some of the most important laws and precedents. In order to "save" GM and Chrysler without benefiting wealthy investors, [b]the Obama administration broke the law.[/b] It abridged the clear contracts of Chrysler's secured creditors (stealing their collateral and repaying them pennies on the dollar) and broke bankruptcy laws by awarding far more benefits ($17.8 billion) to GM's unionized creditors than it did to the company's bondholders ($8.1 billion). The inequities of these grants have gotten far worse over time, thanks to the privileged status of the union's GM-preferred stock, which pays a 9% annual dividend and consumes the lion's share of the company's operating profit. The government wasted hundreds of billions of dollars in capital to save a company whose products are mostly sold in other markets and aren't competitive in the U.S. And in doing so, it destroyed several hundred years of legal precedent that provides the foundation of capitalism in America. No matter what else you believe about the importance of GM or its workers, that wasn't a good decision. That $200 billion could have (and should have) been spent in a far more productive way. In time, the profound consequences of these poor choices will become abundantly clear. GM will go bankrupt again, that's almost certain. It is, even as I write this, heading straight back down the path of borrowing enormous sums from Wall Street. It has re-launched its financial division and is, once again, making loans and leases to people who can't afford its cars. It is, once again, selling huge quantities of poorly made vehicles to rental-car companies, which wipes out the resale value of its automobiles and makes consumers far less likely to pay full price for them. It is, once again, "stuffing" the channel – forcing dealers to buy too many cars that they can't sell. It is doing all of the same things that drove it into bankruptcy the first time… the very same things. One last point to ponder… all of the information above is public information. It is all part of the public record. How many of the candidates or members of the media are willing to discuss the plain facts of this situation? What does that mean for the future of our country… where even public investments of this size and magnitude are not understood or discussed openly by all serious media outlets? If we can't figure out what to do with our carmakers… how will we ever figure out what to do with the world's most powerful army… with the world's largest debts? [/quote]
Thanks for all the crap.
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Wilderness Corridors: Agenda 21 Under A New Name
Big Brother "Pay-by-the-Mile" Track and Tax Driving Scheme Being Rolled Out Now!
Where’s Your Place in Jade Helm?
Aluminum, Barium and Strontium: the New Manhattan Project chemtrail sprays
According to a YT channel , every time you drink a glass of water, you are drinking molecules that have previously been urinated from a dinosaur.
More Bans/Censorships In Oregon: Orwellian College Professor Places Ban On Opinions In Class
Researchers in Russia have said that they have found an artifact object that appears to be a 250 million year old microchip.
A recent study has found that the smell of fish can improve critical thinking by arousing suspicion.
The Woolly Mammouth is now many steps closer to becoming a living, breathing reality.
A leaked Whitehall paper suggests that plans to scrap part of the UK's main sickness benefit are being considered
Services such as Paypal, and Itunes have been suspended from processing payments in Greece under the country’s new capital control laws.
British Rockstar Shaun Ryder has admitted that he witnessed a UFO hovering outside of his bedroom window
Pharmaceutical giant Johnson and Johnson have developed a new vaccine to protect against AIDS, and have begun testing it on humans
Another Alternative Doctor Found Dead, Police Investigation Underway
How to Tell Someone’s Age When All You Know Is Her Name
Liberals passed a bill to change this fish’s name because it is “hurtful” and “offensive”
Growing Own Food Greek Man’s Secret Weapon Against Economic Meltdown
Cube-Shaped Craft Over El Paso - Amazing Photos
Woman snaps photo of Waffle House prayer
Obama’s Proposed Ozone Regulations Would Ban 4th of July Celebrations
Get ready to kiss any home equity you have goodbye
What Goes Into A SlimJim?
Blue eyed-people at higher risk for alcohol dependency
Destroying America 101: The Blueprint Exists
Government Trolls Are Using ‘Psychology-Based Influence Techniques’ On YouTube, Facebook And Twitter
This Flag Represents The Principle, "Fight For What You Believe In."
This Is The Rebel Flag, "You're Either Free Or You're Not."
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.009s (35 queries)