Was Obama's HANDLING of GM & Chrysler DONE in a way that his UNION PALS would...

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imnoangel512

New member
Yes is the only answer. There were other solutions to the GM problem but this one gave power to the unions, one of Obama's main contributors. If I were an investor I wouldn't want to invest in any american company as long as Obama and his cronies were still in power for fear of being screwed over like the GM investors.
 
Better the Unions than the c.e.o.s who had killed the U.S. Automakers.

The unions also want to keep the big three amking cars employing them in the future.

The c.e.o.s more worried about short term profits for big bonuses, than the future.
 
...CONTROL the companies? There were choices but Obama and his adminstration carefully orchestrated it in a way that the unions would have 55% of the company and the car dealership owners and their employees would get the shaft.
Why?
Unions vote Dumbocrat while most of the car dealership owners are Republican.



If the administration wanted to save jobs, what about the car dealerships forced to close by Government Motors? What about the car salesmen and auto mechanics?

We could have just let GM and Chrysler go bankrupt. We were told they were too big to fail, that the job loss would devastate the economy. Yet how was it that after 9/11 we continued to fly bankrupt airlines that stayed in business till they got back on their feet?

Cars could have continued to be built and sold and dealers would have continued. But union contracts would have been voided by a bankruptcy judge. A key Democratic constituency would have been ticked off. Better to wait until tens of billions were squandered and the car companies had no choice but to sell themselves to the government and the unions.
 
It does not matter now.
GM and Chrysler allowed the UAW to create and sign their own obituary. These companies are done and so is the UAW.

Who in their right mind would become an unsecured bond holder and invest in any automotive manufacturer?

Ford is next, they are only 18 months behind the curve.
 
Will Susiepolls ever write a sentence without capping every other word?

Btw, if you don't like unions, try making a living working at Walmart. :)
 
Yes is the only answer. There were other solutions to the GM problem but this one gave power to the unions, one of Obama's main contributors. If I were an investor I wouldn't want to invest in any american company as long as Obama and his cronies were still in power for fear of being screwed over like the GM investors.
 
Its payback time of the UAW. The UAW supported Obama in the election campaign and as a result they get a large percentage of ownership of Chrysler, and a good chunk of GM too. The secured lenders get next to nothing. And the shareholders get nothing too. The taxpayers get the bill.

And the United Auto Workers, their perpetual strikes, their ridiculous "forever" job bank, their health care for life, generous pensions, and their excessive salaries are what destroyed the American car companies. So much money is lost to the UAW that these companies just couldn't build quality and innovation.
 
A pair of right-wing radio hosts says there's only one choice for conservatives angry about government involvement in the auto industry: Boycott GM. "Nobody wants to support an Obama company," Rush Limbaugh told his audience Friday, citing a poll showing that 17 percent of Americans backed a boycott of GM.

"Every dollar spent with GM is a dollar spent against free enterprise," conservative talker Hugh Hewitt wrote online last week.
"While it's not surprising that Rush Limbaugh would root for the failure of a national institution for partisan political gain, it is surprising that the other so-called leaders of the Republican party are silently going along with him given how many hard working Americans rely on GM for a living," said DNC spokesman Hari Sevugan.

So far, there is little evidence that the government's involvement is turning off buyers. In bankruptcy for the entire month of May, Chrysler had its best sales month of the year.

Conservatives, are you out of your mind? Do you know how many Americans have lost their jobs in manufacturing? Do you know how many American families are being affected, their livelihoods are being drilled because of this recession and what do they do, they push back on the American families that are doing the absolute best they can to build a great product...

What do you say we just kick the American worker in the teeth. What do you say we just give all the money to Wall Street. Let's just take their health care, let's take their education, let's take their jobs. Let's just genuflect to the Hugh Hewitt's of the world.
 
Well he essentially screwed those who put money up front (the bond holders). He also screwed our own laws........contract laws. If I were in the position to buy into any company, I would NO LONGER do so after what Obama and his hencemen politicians have done to our Constitution. What a DISGRACE

Answser to your question, YES
 
Well he essentially screwed those who put money up front (the bond holders). He also screwed our own laws........contract laws. If I were in the position to buy into any company, I would NO LONGER do so after what Obama and his hencemen politicians have done to our Constitution. What a DISGRACE

Answser to your question, YES
 
Better the Unions than the c.e.o.s who had killed the U.S. Automakers.

The unions also want to keep the big three amking cars employing them in the future.

The c.e.o.s more worried about short term profits for big bonuses, than the future.
 
Well he essentially screwed those who put money up front (the bond holders). He also screwed our own laws........contract laws. If I were in the position to buy into any company, I would NO LONGER do so after what Obama and his hencemen politicians have done to our Constitution. What a DISGRACE

Answser to your question, YES
 
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