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1. Bloodthirsty Liberal » Would You Buy a Used Car from This Man?
2. Paul Ryan vs. the House GOP « The New York Groove
3. Designated Conservative
4. Obama Administration Answers The Question, Who’s The Boss? « Jane Q. Republican
5. Yes Hillary - there are stupid questions! « Jim Blazsik
6. Fascism coming home to roost - Obama forces GM CEO Rick Wagoner out | Fire Andrea Mitchell!
7. Retake Education
8. …And Barack Obama Decides The US Government Is Going Into the Auto Warranty Business…
9. …And Barack Obama Decides The US Government Is Going Into the Auto Warranty Business…
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13. ‘Okie’ on the Lam » Blog Archive » Obama Terminates General Motors C.E.O. Rick Wagner — Chrysler Next — Then?
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15. Tinkering With Detroit | Caffeinated Thoughts
16. PoliGazette » Government control
17. Billions More for Failed Bailouts | OpenMarket.org
18. Government Motors « Reformed Musings
19. Looking for Mr. Badwrench, AKA Obama - The Underground Conservative
20. Random-American » GM: Government Motors
21. The Nobama Blog » Blog Archive » The Ministry of Compensation Justice is Coming Soon to a Paycheck Near You
22. Obama Auditions For Brewster’s Millions Part 2 |
23. Obama: Fiat by Fiat « Paul Ashley
24. Washington to set executive salaries as auto boondoggle deepens « Wellsy’s World
25. Steynian 342 « Free Canuckistan!
26. Sundry Political Notes « 36 Chambers - The Legendary Journeys: Execution to the max!
27. Thugs & Threats: Barack Obama, White House, & The Chrysler Auto Bankruptcy « Frugal Café Blog Zone

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Comments

1. #663229
   On March 30th, 2009 at 12:19 pm, ArizonaNeanderthal said:

   Drudge Headline

   GM: GOVERNMENT MOTORS

   cool

   Pucker up people Obama is about to make the Corvette America’s answer to the Beetle–except it will only make left turns, 38.5 mph top speed, runs on peanut oil and has the Footprint of the American Chicken emblem on the grill.

   For an extra $2500 you can get this emblem.

2. #663230
   On March 30th, 2009 at 12:19 pm, DagneyT said:

   How is a former community organizer now going to run a business the size of General Motors? He wouldn’t know the difference between a carburetor and a manifold, let alone how to write a business plan! The next step? He’ll make the unions the new owners of GM!

3. #663233
   On March 30th, 2009 at 12:20 pm, rainbow said:

   Putting on my Glenn Beck hat. . .just thinking, with BHO and his dignataries out of the country, what could we do to take our country back. . .maybe a sit in. . .over throw. . .hmmm. This nonsense has got to stop!

4. #663235
   On March 30th, 2009 at 12:22 pm, corona said:

   Oh, no! Al Gore’s tubes are clogged!

   Twitter is over capacity.
   Too many tweets! Please wait a moment and try again.

5. #663238
   On March 30th, 2009 at 12:25 pm, txvet2 said:

   The Obama administration is swaggering over its firing of GM CEO Richard Wagoner

   They swaggered over getting rid of Hank Greenburg, too. How’s that working out for AIG?

6. #663239
   On March 30th, 2009 at 12:26 pm, DagneyT said:

   (I am not saying there that he was good for GM – just that bad actions often take time to yield bad consequences)

   It began the first time they got in bed with the union!

7. #663243
   On March 30th, 2009 at 12:27 pm, madmonkphotog said:

   Pretty soon, Mein Fuhrer will force families to double up in homes to save Mother Erf.

   Boy, I’ve had enough.

8. #663257
   On March 30th, 2009 at 12:34 pm, torabora said:

   duh1 had to stop the market from “gyrating”. duh1 speaks and it just goes down.

9. #663262
   On March 30th, 2009 at 12:36 pm, Mark x said:

   No thanks.

   NEVER.BUYING.GM…EVER

10. #663266
    On March 30th, 2009 at 12:37 pm, Ed Mahmoud abu al-Kahoul said:

    The govt. backed warranty wouldn’t be an entirely bad idea if the government was going to let GM and Chrylser reorganize in bankruptcy court, shut down unprofitable car lines and factories, renegotiate debt obligations and outrageous union contracts.

    With a government backing, people wouldn’t fear worthless warranties and car sales wouldn’t suffer for it during the reorganization.

    But since Obama and crew won’t let the UAW down by allowing GM and Chrysler to go to bankruptcy court, and unit costs will remain well in excess of Toyotas and Honda’s built in the country, this is beyond pointless.

    BTW, look for card check to force Toyota and Honda to let the UAW in. They’ll either lose their unit cost advantage over the Big 3, or they’ll close up and manufacture their cars in Canada or Mexico, if not Japan.

    Until Obama slaps amazing tarriffs on them.

11. #663269
    On March 30th, 2009 at 12:37 pm, Tazed and Confused said:

    ANNOUNCING… the new “volks wagon”… for the American people… the “Obamamobile”

    It’s environmentally friendly… as it runs entirely on hot air, broken promises, and a supercharged-ego…

12. #663277
    On March 30th, 2009 at 12:42 pm, pressto said:

    Oh and I found it interesting that President Obama didn’t call for Ron Gettelfinger, the President of the UAW, who is just as responsible for GM problems as Rick Wagoner to resign. If fact Mr. Gettelfinger has more responsibility due to his involvement with all 3 American auto company’s and so is more at fault and part of the problem then Mr. Wagoner. Why not? This should be the first question the media ask President Obama after this action.

13. #663281
    On March 30th, 2009 at 12:44 pm, Insomniac said:

    I’m sure the irony of creating a new bureaucratic position to “cut through red tape” is entirely wasted on these folks.

14. #663288
    On March 30th, 2009 at 12:46 pm, RetFireman said:

    Off Topic, but just came across that 8 firefighters and 2 civilians were hurt in a two fire truck T-bone accident moments ago in Houston.

    Please keep them in your prayers today.

15. #663292
    On March 30th, 2009 at 12:49 pm, John Deaux said:

    On March 30th, 2009 at 12:08 pm, RabbidSquirrel said:

    Its a sad day when a fraud like this who has never run or even worked for a major company has this power.

    Are you kidding

    He’s never even run or worked for a major government. I’ll acquiesce that he’s a hell of a campaigner though.

    And people voted for him because they didn’t think Sarah Palin had enough experience to be vice-president.

    63,000,000 documented morons in this country.

16. #663294
    On March 30th, 2009 at 12:50 pm, sonofdy said:

    DOW is down 250 points. Time to spend another Trillion for another short term boost!!!

17. #663303
    On March 30th, 2009 at 12:52 pm, Flyoverman said:

    On March 30th, 2009 at 12:34 pm, torabora said:
    duh1 had to stop the market from “gyrating”. duh1 speaks and it just goes down.

    The market’s reaction says all that needs to be said about this development. I can’t wait till you see the rection to the stooge they install as the new CEO.

    If he were not so essential to his boss’ success, I would expect to see the TOTUS leave his post to become the new CEO of GM.

18. #663305
    On March 30th, 2009 at 12:54 pm, Flyoverman said:

    Please keep them in your prayers today.

    Already done RetFireman. Thanks for letting us know.

19. #663311
    On March 30th, 2009 at 12:57 pm, rainbow said:

    We need to get organized and be ready for the next election. We need to find someone who has a squeaky clean past and willing to run on a third-party ticket. . .election will be here before you know it (altho I can’t wait that long). God help the USA!

20. #663315
    On March 30th, 2009 at 12:58 pm, rktkr said:

    In related news, the Obama Administration has unveiled GM’s merger with this now defunct manufacturer.

    Saying that although the merger will cost an additional 28 billion dollars, the decision is justifiable because it will promote smaller families, lower gasoline costs, and provide generous reparations to our German friends, having destroyed their avionics divisions shortly after WWII.

21. #663324
    On March 30th, 2009 at 1:04 pm, Wildcatter1980 said:

    There is no longer any line separating the private sector from the public.

    God help us all!

    And, we all know this is not about saving GM or Chrysler. It is about protecting the UAW and any other unions involved.

    Would it be a surprise to find out that Wagoner may have been too vocal about pushing for major concessions from the unions?

    I thought so.

22. #663325
    On March 30th, 2009 at 1:05 pm, katablog said:

    I don’t know why you are blaming Obama for this as tax payer money has been flowing to Detroit since Bush adminsitration…remember the first bailout, the TARP or you conveniently forgot?

    uh, did you forget which party in Congress was in power when TARP was passed? BTW, TARP wasn’t for Detroit, it was for some very irresponsible banks. We didn’t agree with it, we called, emailed and begged congress not to pass this.

    But say for a minute that TARP was all Bush’s fault. Der Leader is out to do Bush one better, moving from a $560 billion deficit to over $1 trillion in a mere 3 months!

23. #663327
    On March 30th, 2009 at 1:05 pm, Socky said:

    I don;t suppose it has ever occurred to the jug-eared socialist nincompoop that if government just backed the hell off on taxes and regulation, GM could take care of its own warranties.

24. #663329
    On March 30th, 2009 at 1:05 pm, pueblo1032 said:

    Anyone remember the last AUTO a government had anything to do with??? Answer, THE YUGO… We all remember the “SUCCESS” that venture was… Favorite joke at the time… Do you know why the YUGO comes standard with REAR WINDOW DEFROSTER??? So your hands won’t freeze when you push it…

25. #663334
    On March 30th, 2009 at 1:07 pm, Teddy Kennedy said:

    Errah, Mr Geitner please check the belts and hoses and rotate the tires and while yer at it do a tune up on the old Olds…

26. #663337
    On March 30th, 2009 at 1:08 pm, katablog said:

    We need to get organized and be ready for the next election.

    Do you really think we have time to wait for another election? Let see, we own a huge insurance company, couple of banks and now GM. We’re funneling money to Europe through AIG, getting Fannie Mae and Freddie Mac to continue to make irresponsible loans, spending ourselves into total oblivion and this has happened in 3 months. What do you think the US Social Republic will look like by the end of the year?

27. #663342
    On March 30th, 2009 at 1:12 pm, rightisright said:

    Ed Mahmoud abu al-Kahoul, I’m willing to bet the Japanese will not go union, as you said move their operations to another country first.

    I’ve been reading all these remarks about Odumbo here since he became KING, saying how dumb he is, doesn’t know squat about this and that as far as business goes, all true, but what he does know is how to destroy American capitalism and is he not doing a great job of it. These libs running the show George Sorass and others know exactly what they are doing.

    I believe we have one chance to straighten this out before a violent revolution takes place. Election 2010, to be honest I don’t see much hope there the way the RNC is reacting to all this crap. Steele is another country club approved Republican. There are a few hard core conservatives in congress, but they need to speak up loud and clear as Imohfe and a few others are doing. They are our only hope before the 2nd A.R.

28. #663344
    On March 30th, 2009 at 1:14 pm, AlohaGuy said:

    AIG is already working on Warranty-Backed Credit Swaps…

29. #663348
    On March 30th, 2009 at 1:15 pm, Elm Creek Smith said:

    Moreover, GM must move forward without its chairman and chief executive G. Richard Wagoner Jr., who met with administration officials on Friday and has agreed to step down.

    Agreed to step down? Sounds like extortion by the Federal Government to me.

    The White House’s insistence that Wagoner step down is an extraordinary intervention of the federal government into the management of a private company. A senior administration official said Wagoner’s resignation was required because the company needs a “clean sheet.”

    “We felt that having a change of leadership would be consistent with the clean-sheet approach,” said the official, who spoke on condition of anonymity because of the sensitivity of the matter.

    Then why is Geithner still the Secretary of the Treasury? After all, he was the architect of the bailout that allowed AIG to offer the bonuses that upset everyone from the “man on the street” who doesn’t understand contracts and that the people who received the bonuses weren’t the ones who caused the problem at AIG to Da One. If it’s good for GM it should be good for Treasury.

    Hope is not a plan; not all change is good. WE are the civilian national security force. The resistance is here; the resistance is now. RESIST!!!!!!!!!!!

    ECS

30. #663350
    On March 30th, 2009 at 1:19 pm, AlohaGuy said:

    a proposed partnership with Italian automaker Fiat SpA

    How’d that other Chrysler merger work out? “The Europeans will save us, the Europeans will save us…”

    Welcome to the USSA Komrade.

31. #663354
    On March 30th, 2009 at 1:21 pm, Pasadena Phil said:

    Great, the government is guaranteeing auto warranties. Talk about moral hazard! Anyone want to bet that this is going to be the only profit center for GM this year? Why would GM turn down any claims? More claims, more profit. Just send the bill to Washington.

    Our entrenched criminal class of corrupt windbags in action.

32. #663386
    On March 30th, 2009 at 1:33 pm, xler8bmw said:

    Now I know why I drive BMW but, under this administration I might be driving a bike soon!

33. #663395
    On March 30th, 2009 at 1:37 pm, jjmurphy said:

    In fact, it will be safer than it’s ever been. Because starting today, the United States government will stand behind your warrantee.

    HAHAHAHAHA! That is a good one!

    What? He’s serious???

    Oh, crap.

34. #663403
    On March 30th, 2009 at 1:39 pm, rightisright said:

    Is there a reason why chief executive G. Richard Wagoner Jr. couldn’t have called a G.M. board meeting and told the board…” our best way out of this mess is to take out bankruptcy, reorganize our debit structure and contracts, that, or become subservient to the all omnipotent socialist government”, other than he’s spineless, selfish, money grabber?

35. #663411
    On March 30th, 2009 at 1:45 pm, jjmurphy said:

    Obama says the U.S. Government has no interest in running GM. He said so in his speech!

    “Let me be clear: the United States government has no interest or intention of running GM”"

    “Rick Wagoner is stepping aside as Chairman and CEO”

    “They must ask themselves: have they consolidated enough unprofitable brands? Have they cleaned up their balance sheets or are they still saddled with so much debt that they can’t make future investments? And above all, have they created a credible model for how to not only survive, but succeed in this competitive global market?”

    “my administration will offer GM and Chrysler a limited period of time to work with creditors, unions, and other stakeholders to fundamentally restructure in a way that would justify an investment of additional tax dollars; a period during which they must produce plans that would give the American people confidence in their long-term prospects for success.”

    “my administration will offer General Motors adequate working capital over the next 60 days. During this time, my team will be working closely with GM to produce a better business plan.”

    “the United States government will stand behind your warrantee.”

    “I am designating a new Director of Recovery for Auto Communities and Workers to cut through red tape and ensure that the full resources of our federal government are leveraged to assist the workers, communities, and regions that rely on our auto industry.”

    Yep, sounds like he has absolutely no interest in running GM.

36. #663414
    On March 30th, 2009 at 1:47 pm, KCK said:

    I am madder at Obama than anyone – make that Obama and the democrat congress.

    But, think about these fool CEOs in business who let the wolf in the door.

    Ivy league? GMAFB! I would gladly replace these Harvard biz school dorks with real capitalists any day.

37. #663428
    On March 30th, 2009 at 1:56 pm, threeCents said:

    Michelle, I love the comical vision of Congress in the Kabuki Theatre. You should copyright the phrase “Kabuki Theatre of Outrage”

38. #663432
    On March 30th, 2009 at 1:58 pm, happyscrapper said:

    For what it’s worth the Tesla is only a 2 seater also. Really a vehicle that most can use. Sarcasm on.

    Our daughter and husband have 2 kids (well, 1 and 3/4 kids) and a dog. How will they get around in a vehicle like that? They won’t. Both work and the kids will require two car seats. And where will the dog be put when they go up north? These people are delusional. Those little tin can cars are dangerous and unusable! Just wait until the statistics come out on rate of deaths in those cars compared to the bigger, better made SUV’s. I remember when some idiot decided to put the engine of the Volkswagen in the back instead of the front. It cost my brother his life.

39. #663434
    On March 30th, 2009 at 1:59 pm, sonofdy said:

    DOW down 300. The ONE will spend another 1 trillion soon.

40. #663447
    On March 30th, 2009 at 2:09 pm, happyscrapper said:

    Obama is a black liberationist, as we all know. And these are the reparations that they have been talking about for years. He is achieving it and the black population adores him!! I see no way to stop this. Well, I see one way, but that probably won’t happen. He has a very effective strategy. And with the MSM in his pocket aiding and abetting this treason at every turn, we are screwed. Where are the checks and balances that were supposed to protect our country from this kind of hostile takeover? Why isn’t anything working? When will our sleeping population wake up and realize what is happening? I guess they really don’t care, as long as they don’t miss American Idol.

41. #663449
    On March 30th, 2009 at 2:10 pm, ArizonaNeanderthal said:

    pressto said:

    Oh and I found it interesting that President Obama didn’t call for Ron Gettelfinger, the President of the UAW, who is just as responsible for GM problems as Rick Wagoner to resign.

    Perhaps Gettelfinger-aka The Finger–can become Secretary of Labor AND President of the UAW/GM and bring forth great efficiencies of scale. Throw in Ford, Chrysler and Schwinn bicycle and we can all ride.

    Yes indeed UAW/GM/Ford/Chrysler/ Schwinn Bicycle all in the Department of Labor-Loony Tunes. Hell lad, I could be a Liberal

42. #663492
    On March 30th, 2009 at 2:37 pm, prendad said:

    Our commander-in-thief speaks:

    Your warranty will be safe. In fact, it will be safer than it’s ever been. Because starting today, the United States government will stand behind your warranty.

    Wow! I can just see the inspiration as thousands rush out their doors to buy GM and Chrysler products knowing that prez obama’s guarantee can be trusted.
    Now, about that swamp land I was telling you about, down there in southern Florida. . . . .

43. #663519
    On March 30th, 2009 at 2:53 pm, pressto said:

    Oh there were a couple of points in the article that I think are important.

    Wagoner’s resignation does not mean that he will leave the company immediately. He will continue to draw his $1 annual salary, because if he leaves the company he is entitled to a multimillion-dollar pension that the government does not want to pay, a source familiar with the matter said.

    In other words they allowed bonus language in the first Auto bailout bill and don’t want backlash like they got with AIG because of it.

    Also it is not just the CEO the Obama Administration is replacing at GM which most of the media didn’t report about with this story.

    http://online.wsj.com/article/SB123841609048669495.html

    In addition to pushing out Mr. Wagoner, the task force said GM is in the process of replacing the majority of its directors. Kent Kresa, a longtime director, will serve as interim chairman. Mr. Wagoner will be replaced as CEO by Mr. Henderson, who was been serving as chief operating officer.

    This I think is bigger news then the CEO because they micro-managing and being more involved in GM the President Obama is claiming.

44. #663521
    On March 30th, 2009 at 2:58 pm, cheapseat said:

    great one michelle FUBAR. jimmy kimmel had a skit on the other day about the obamamobile. it only cost 2k dollars, made in india, and it was a large box with cutouts for windows, and doors drawn on the sides, and barney rubble foot power. the only pollution is the huffing and puffing of co2 by the driver, and the blood on the street as those pesky accidents occur.

45. #663525
    On March 30th, 2009 at 2:59 pm, WarTip said:

    On March 30th, 2009 at 2:37 pm, prendad said: Now, about that swamp land I was telling you about, down there in southern Florida. . . . .

    I must put forth a formal protest. People laughed at Walt Disney when he bought all that swampland in Central Florida. I wonder what they would have said if he would have told them that he would have complete cities UNDERGROUND there? Now, the facilities, including those underground, spread out across three cities the last I heard.

    And yeah, that is a very true story. Anyone who has been part of the Disney scene has probably been in the underground tunnels, workrooms, wardrobes, etc … all built on swampland.

    There do seem to be lots of people in the market for a bridge though

46. #663530
    On March 30th, 2009 at 3:03 pm, WarTip said:

    And for all you Evolutionists -

    Darwin at work

    2009 turns (d)evolves into 1984 (d)evolves into the 1930’s (d)evolves into October, 1917.

    Niiiiiiiice work … and verifiable even.

    Do I pass the test? Can I teach now in the new and improved Amerikkka?

47. #663550
    On March 30th, 2009 at 3:22 pm, bansharia said:

    Wartip,
    you and a few others asked upthread what can we do.
    I would be more than happy to stand in between AIG employee’s homes and ACORN mobs.
    I would be happy to cross any picket line and work just to piss off the union clowns.

    a few ideas anyway

48. #663552
    On March 30th, 2009 at 3:23 pm, John Deaux said:

    On March 30th, 2009 at 2:59 pm, WarTip said:
    People laughed at Walt Disney when he bought all that swampland in Central Florida. I wonder what they would have said if he would have told them that he would have complete cities UNDERGROUND there?

    Nowadays he wouldn’t have been able to get a permit to disturb the pristine wetlands.

49. #663566
    On March 30th, 2009 at 3:28 pm, Living in the PSRK said:

    I had a Fiat when I was younger.

    When I wanted to use it for transportation, I would strap my baby into it. I had to park it on a hill and kind of push it to get it rolling down the hill and then pop-start it with the clutch after I jumped into the moving vehicle.

    Broke and Brave but stupid is how I describe myself back then.

    Now I’m just broke and brave. I changed to a Conservative.

50. #663576
    On March 30th, 2009 at 3:31 pm, orlandocajun said:

    After Pelosi and Reid, I didn’t think that it was possible to get anyone more Marxist, or more breathtakingly stupid, in Washington…boy was I wrong.

51. #663589
    On March 30th, 2009 at 3:42 pm, mytake said:

    Just take a look at Detroit. This is what we are trying to save? It is a cesspool, as is the whole state of Michigan. They were destroyed by a combination of labor unions, and the Democrats. Yea, we need more of this. Help us, Oh Great One, take over some more industries and turn them into more US Post Offices and VA Hospitals.
    Hey, Hollywood, socialized medicine is eating your best and brightest in Canada. Don’t listen to Michael Moore!

52. #663597
    On March 30th, 2009 at 3:47 pm, mattm said:

    If the Union contracts are not renegotiated (by filing for Ch. 11) thsi will only be a temporary measure. Sooner, rather than later, the same thing will happen again. GM has to be in the car business, not the health care/pension busies.

    This is all part of the payback to Big labor for their support of Obama.

53. #663603
    On March 30th, 2009 at 3:52 pm, mytake said:

    I feel like I am surrounded by sleeping idiots. I don’t know where to turn since Rep. Randy Forbes voted for the tax on AIG bonuses. How can we get term limits? We can’t and we are screwed.

54. #663634
    On March 30th, 2009 at 4:11 pm, ScottyDog said:

    On a side note, do you all remember the SCHIP Bill that was passed.

    I am a smoker that chooses to roll my own and buy tobacco by the pound. (I make my cigarettes with a machine)

    Thanks to this bill passing, my favorite Tobacco has increased in price from $12.00lb.to $45.00 a pound on 4-1-2009.
    This is so outrageous that Tyranny does not describe this tax.

    A $33.00 dollar increase so families that make more than I do can get free health insurance off the backs of smokers.

    We are loosing our Freedoms and Liberty one by one in this country.I do not recognize the country I grew up in anymore.I think I will get into the smuggling business of tobacco just like the founders did over the tea tax.

    I am about ready to join a militia and start marching on Washington DC too.

55. #663642
    On March 30th, 2009 at 4:14 pm, prendad said:

    On March 30th, 2009 at 2:59 pm, WarTip said:
    On March 30th, 2009 at 2:37 pm, prendad said: Now, about that swamp land I was telling you about, down there in southern Florida. . . . .
    I must put forth a formal protest. People laughed at Walt Disney when he bought all that swampland in Central Florida.
    

    I said SOUTHERN FLORIDA NOT CENTRAL FLORIDA. Obviously, you are not from Florida, as I am. Central Florida is nothing but fruit groves. Southern Florida is nothing but swamp. And if the pumps ever stop running at Disney World, it will be Disney Under The Sea.

56. #663643
    On March 30th, 2009 at 4:15 pm, old trooper said:

    There should have no bailouts period.
    Chapter 11 Bankruptcy at this point guarantees no return of any Taxpayer
    funds as debt is erased. This is simply
    rape, robbery and pillage of the Treasury
    and a mountain of debt.

57. #663657
    On March 30th, 2009 at 4:27 pm, prendad said:

    On March 30th, 2009 09:46 AM Michelle Malkin said: Federal Unionized Bureau of Auto Repair: FUBAR.

    I submit for your perusal the “Bureau Of Highly Interesting Car Administration” BOHICA

58. #663693
    On March 30th, 2009 at 5:02 pm, katablog said:

    WallStreet Journal article You read the above and you realize that some taxpayers are going to get screwed twice on the GM deal. First they have their money go for all the bailouts and then they get their retirement junked into the “bad” GM (the O government really likes this “good” / “bad” stuff) and of course loose everything they’ve worked for their entire lives. Note also that “bond holders” go into the “bad” GM – would that mean the US Government loans?

59. #663718
    On March 30th, 2009 at 5:31 pm, xler8bmw said:

    Considering the money the US taxpayer has given GM and Chrysler I believe they owe everyone in the US a FREE new car.

60. #663720
    On March 30th, 2009 at 5:33 pm, mytake said:

    I just heard FOX news say that stocks tanked because of fear that GM would go bankrupt. This is not true. It dropped because the White House fired a CEO. Come on FOX. I thought you were on our side!!!!

61. #663721
    On March 30th, 2009 at 5:34 pm, mytake said:

    Fox, fair and balanced…..but dumb!!!

62. #663727
    On March 30th, 2009 at 5:46 pm, RetFireman said:

    Watching Glen Beck destroy the AG of Conneticut over the fact that he is attempting to prosecute the people who received bonuses at AIG because it makes him look better. It was amazing, and Beck finally got him to admit there was not a single law broken. We need Beck and others who have a voice to go after Der Fuhrer and his minions just as hard. It is the only way, it seems, to begin to turn the tables and shed light on what is going on in Washington.

63. #663753
    On March 30th, 2009 at 6:14 pm, corona said:

    Going way OT, but a previous poster is simply wrong. WDW was actually build above-ground. The “underground city” is actually at sea level.

64. #663754
    On March 30th, 2009 at 6:15 pm, purealchemy said:

    Interesting sentiments from Carl Levin of MI:

    Obama didn’t ask Congress about ousting Wagoner
    By Ian Swanson
    Posted: 03/30/09 01:53 PM [ET]
    President Obama didn’t want any advice from Congress on the decision to ask GM CEO Rick Wagoner to resign, according to Carl Levin (D), Michigan’s senior senator.

    “He didn’t ask us about it, he informed us,” Levin told reporters in a conference call Monday afternoon. “The president said he’d already decided.”

    Levin said he and three other lawmakers were informed of the decision in a phone call Obama made from the Oval Office. Obama told the members of Congress that Wagoner needed to resign so that the administration could show the public it was making an effort at a fresh start with helping the auto industry, according to Levin.

    Levin repeatedly described the decision as “sad,” and noted that Wagoner had given a lifetime of service to GM. He praised Wagner’s willingness to voluntarily “retire” from his post, and did not say whether he disagreed with Obama’s decision.

    Obama formally announced Monday morning that he was rejecting restructuring plans submitted by GM and Chrysler because they would not make the two automakers viable. He also made it clear that Wagoner was asked to resign as a condition for GM getting more aid.

    Levin did not directly criticize Obama’s decision, but did say there is a “double standard” in the treatment of U.S. automakers and the financial industry, which has received tens of billions more in aid from taxpayers. “It’s something we’ve got to fight and overcome,” he said of Michigan lawmakers.

    Obama suggested both companies might need to into a controlled bankruptcy to restructure, a suggestion Levin said could hurt Chrysler and GM by lowering consumer confidence

65. #663784
    On March 30th, 2009 at 7:00 pm, travlinman said:

    Let’s digress to the Autumn of 2008, “President Bush announced today that he is calling for GM CEO Rick Wagner to step down…” Even in my imagination, I can hear the roar of thunder from the left, led by their minions in the MSM! Yet today, nary a word of dissent. Sad. Revolution is coming kids.

66. #663788
    On March 30th, 2009 at 7:07 pm, Leatherneck said:

    I think inflation is coming first. Brought to by socialists.

67. #663792
    On March 30th, 2009 at 7:09 pm, purealchemy said:

    I seem to remember Bush made some decision regarding the Iraq war without the consent and/or consulting Congress that sent the libs through the roof.
    Anybody remember what it was?

68. #663800
    On March 30th, 2009 at 7:21 pm, cheapseat said:

    if the car makers can’t get rid of the legacy (pension and healthcare) costs of all the uaw workers who worked 25 years and retired, they can never be profitable. they have reached the social security tipping point, 1 worker covering multiple (7 i think) retirees. everyone who holds out hope for social security, take note of chrysler and gm and ford pretty soon.

69. #663809
    On March 30th, 2009 at 7:31 pm, tpitman said:

    The auto repairman-in-chief speaks

    And here he is!

70. #663815
    On March 30th, 2009 at 7:50 pm, Member-VRWC said:

    Your warranty will be safe. In fact, it will be safer than it’s ever been. Because starting today, the United States government will stand behind your warranty.

    As long as any other alternative exists, the probability that I would buy a car from a company offering a warranty backed by the US government is exactly ZERO.

71. #663824
    On March 30th, 2009 at 8:03 pm, Tazed and Confused said:

    Hey Obie… running GM is a full-time job… do yourself (and us) a favor… step down from POTUS.

    We always knew you had the credibility of a car salesman… now you is one.

    You stand behind the warrantee! Really? oh yea… waaaayyy behind.

    What’s next from TOTUS… trading charitable deductions for a rebate on a new chevy…

    Obie… what a luser you are. Soon you’ll be laughed out of Europe for the DOLT you are.

72. #663834
    On March 30th, 2009 at 8:13 pm, freemind25 said:

    I don’t understand all the anger on here about the firing of the CEO. Its simple, nobody gets a free handout, you want government assistance you have to pay the price. If Wagner did not want to be fired he could have A) not run his company into the ground or B) refused any government assistance. Now for the matter of bailing out the car industry in the first place, I think they should be allowed to go bankrupt. But if they are taking government money, they should know they are no longer a “private” company.

73. #663844
    On March 30th, 2009 at 8:29 pm, Joy said:

    tpitman – Love the photoshop.

74. #663886
    On March 30th, 2009 at 9:28 pm, skye said:

    Does this mean we can look forward to a change in the State of the Union Address to that of the State of the Auto Union Address??

75. #663895
    On March 30th, 2009 at 9:37 pm, vsatt said:

    I think smaller families is certainly one of the bigger goals of the left. With all of the rules regarding carseats and no kids under 13 in the front seat, what do they expect you to drive if you have more than 2 kids? I’ve got a 2006 Honda minivan that I figure will take me to 2016 easily, and I have no plans to replace it before then no matter how much of a tax incentive they offer.

76. #663919
    On March 30th, 2009 at 10:07 pm, Flyoverman said:

    On March 30th, 2009 at 8:13 pm, freemind25 said:
    I don’t understand all the anger on here about the firing of the CEO.

    Government money or not, a corporate CEO serves at the pleasure of the board of directors and stockholders.

    The President and the government have no Constitutional authority to fire the head of a company. They can pull the money or charge the CEO with a crime, but they cannot conduct a coup de tat.

    GM should have told Obama to take a hike.

77. #663921
    On March 30th, 2009 at 10:11 pm, jhn1 said:

    Wagoner isn’t completely to blame (except for not insisting on bankruptcy).
    He is like the person appointed captain of the Titanic after the captain who struck the iceberg resigned, and the first mate resigned shortly afterwards and the second mate resigned and boarded the last lifeboat off naming Wagoner the new captain.

    Look, a company facing bankruptcy has an obligation shift. New primary duty is not to the stockholders, but the creditors. But if the company does not go through bankruptcy court the only ones electing the board and executives are the stockholders whose stock maybe should have no value.
    They need to change the bankruptcy laws to give the major creditors veto over everything voted on at the stockholder’s meeting.
    After the pension and retiree medical fund looting (changing accounting method, removing “overfunding”, paying taxes and fines for transferring money out, awarding executive bonuses for new found “profits”; all before the dot com bubble burst and devalued the funds further) after that the stock was worth less than the amount underfunded to those two funds alone.

    GM stock is worth negative value + expected government bailout value to stockholder. That it is not a penny stock near zero is oblivious optimism or serious expectation of government intervention with value accruing to stockholders.

78. #663922
    On March 30th, 2009 at 10:11 pm, love2rumba said:

    tpitman…that photoshop would make a great banner on the back of a car.

79. #663924
    On March 30th, 2009 at 10:12 pm, RabbidSquirrel said:

    Your warranty will be safe. In fact, it will be safer than it’s ever been. Because starting today, the United States government will stand behind your warranty.

    Oh crap, Mr Goodwrench just got replaced by ‘Julio’s Lawn Maintenance And Servicio’ and my “quality” replacement parts will now be built by the low-cost bidder

    !#@!% going to the dealership for car repair is going to be like going to the VA for knee replacement surgery. I cant wait to see how much paperwork is going to be involved.

80. #663928
    On March 30th, 2009 at 10:16 pm, Flyoverman said:

    Obama said: Finally, several members of Congress have proposed an even more ambitious incentive program to increase car sales while modernizing our auto fleet.

    Great GM now has a new VP of Marketing and a new VP of R & D….. the Congress. You know the people who manage to run a restaraunt that lost $18 million in 7 years.

    Honda and Toyota stock are looking like real good choices thanks to our Dear Leader.

81. #663930
    On March 30th, 2009 at 10:18 pm, Flyoverman said:

    !#@!% going to the dealership for car repair is going to be like going to the VA for knee replacement surgery. I cant wait to see how much paperwork is going to be involved.

    Don’t forget the 15 month wait for the parts…

82. #663950
    On March 30th, 2009 at 10:43 pm, Random-American said:

    He always did remind me of a shady car salesman…

83. #663958
    On March 30th, 2009 at 11:04 pm, ScottyDog said:

    Don’t forget the 15 month wait for the parts…

    And the Affirmative Action employees that will know nothing at all about the car business deciding whether the claim is covered or not.

    This is utter insanity by our corrupt Government and it is unconstitutional. I am just waiting for the litigation that is going to go all the way to
    Supreme Court sooner rather than later.

    Just wait until someone traces all the money that has been laundered by some Politician taking a bribe in these bail outs.

84. #663983
    On March 31st, 2009 at 12:00 am, RabbidSquirrel said:

    Just wait until someone traces all the money that has been laundered by some Politician taking a bribe in these bail outs.

    All you have to do is look at how much money Harry Reid and his family will make off of the $8 billion train from LA to Las Vegas.

    And they say the mob doesnt run Vegas anymore. Maybe we are going to need show trials like the Italians do with La Cosa Nostra.

85. #664010
    On March 31st, 2009 at 1:09 am, RabbidSquirrel said:

    It may be too late for anyone to read this but anyway:

    I just realized… Obama told the world that Chrysler has 30 days to revise their plan or go in bankruptcy OR make a deal with Fiat

    Holy $@%!@%!@$ Obama just showed the Italian government OUR cards. This !@#$wad may know Alinsky but sure as hell doesnt seem know Negotiating 101! A 4 yr old toddler negotiates a better deal for an extra Vanilla Wafer than these idiots.

    And hes going to negotiate with Iran, North Korea, Al Qaida, China, Russia and every other 2bit regime in the world?

    If I was Fiat, I wouldnt negotiate ANYTHING until the 11th hour on the 29th day of the next month. I would then look across the table at the Chrysler group (forgot their real name), slide them a piece of paper with a number written on it and then say “Take it or leave it, I’ll be waiting for your signature”

    While Im at it, !@!$#@$ is Obama a derivitive of Shia Muslim? Which muslim denomination do they teach in Indonesia????? Sides with Iran, but he is going to kick Al Qaidas a$$. Hmmm doesnt that seem a little strange? (research sunni vs shia if that doesnt make sense)