Comments on: Killing GM in the Guise of Saving It http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/ Tue, 24 Nov 2009 03:51:59 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Kassandra http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/comment-page-1/#comment-120830 Kassandra Wed, 17 Dec 2008 00:41:59 +0000 http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/#comment-120830 <p>Yup. Pass the buck. I knew the jig was up when Dodd said he had “alot of respect for Corker” I thought WTF?</p> Yup. Pass the buck. I knew the jig was up when Dodd said he had “alot of respect for Corker” I thought WTF?

]]> By: readerOfTeaLeaves http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/comment-page-1/#comment-120828 readerOfTeaLeaves Wed, 17 Dec 2008 00:28:42 +0000 http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/#comment-120828 <p>It’s not credible that Dem Senators are going to <strike>see</strike> sell their voters out on this one. </p> <p>Fixed.</p> It’s not credible that Dem Senators are going to see sell their voters out on this one.

Fixed.

]]> By: readerOfTeaLeaves http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/comment-page-1/#comment-120827 readerOfTeaLeaves Wed, 17 Dec 2008 00:27:51 +0000 http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/#comment-120827 <p>I think you may want to read up a bit on the institutional types of power that seem to be in play.</p> <p>It’s not credible that Dem Senators are going to see their voters out on this one. And this may be one of the rare times when UAW and execs really are ‘in the same boat’.</p> <p>The GOP is about to become history if Bush doesn’t pull a bailout out of his hat. It looks as if Paulson, who right now is arguably the US dictator, is not supporting a bailout; his roots are in Wall Street, so he’d side with the CDS buyers-and-sellers.</p> <p>From what little I can sense, there’s a whole group of former GOP funders (car dealers) who aren’t going to have any love for the GOP after this — the GOP appears to be cutting into its support among country club members. So there’s a silver lining.</p> I think you may want to read up a bit on the institutional types of power that seem to be in play.

It’s not credible that Dem Senators are going to see their voters out on this one. And this may be one of the rare times when UAW and execs really are ‘in the same boat’.

The GOP is about to become history if Bush doesn’t pull a bailout out of his hat. It looks as if Paulson, who right now is arguably the US dictator, is not supporting a bailout; his roots are in Wall Street, so he’d side with the CDS buyers-and-sellers.

From what little I can sense, there’s a whole group of former GOP funders (car dealers) who aren’t going to have any love for the GOP after this — the GOP appears to be cutting into its support among country club members. So there’s a silver lining.

]]> By: brandane http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/comment-page-1/#comment-120791 brandane Tue, 16 Dec 2008 22:46:02 +0000 http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/#comment-120791 <p>You can stick a fork in GM, it is toast, just as soon as the Democrats turned the rescue loan over to Bush/Paulsen GM was finished and so is the UAW. Now the Democrats have cover with the unions, after all it was the Repugs and Bush that did them in. Meanwhile Obama sits on his hands while the Repugs make it harder and harder to turn this economy around. Maybe we need more Bi-partisanship.</p> You can stick a fork in GM, it is toast, just as soon as the Democrats turned the rescue loan over to Bush/Paulsen GM was finished and so is the UAW. Now the Democrats have cover with the unions, after all it was the Repugs and Bush that did them in. Meanwhile Obama sits on his hands while the Repugs make it harder and harder to turn this economy around. Maybe we need more Bi-partisanship.

]]> By: readerOfTeaLeaves http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/comment-page-1/#comment-120773 readerOfTeaLeaves Tue, 16 Dec 2008 20:12:41 +0000 http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/#comment-120773 <p>EOH, where’d you get the info about Cerberus and Delphi…?<br /> Basically, what we appear to have going on his Paulson cooking the meth to feed the financial predators, eh?</p> <p>Jeebuz. Makes my brain spin.<br /> Also explains why they’ve never funded the FBI properly, doesn’t it.</p> EOH, where’d you get the info about Cerberus and Delphi…?
Basically, what we appear to have going on his Paulson cooking the meth to feed the financial predators, eh?

Jeebuz. Makes my brain spin.
Also explains why they’ve never funded the FBI properly, doesn’t it.

]]> By: Kassandra http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/comment-page-1/#comment-120758 Kassandra Tue, 16 Dec 2008 19:47:34 +0000 http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/#comment-120758 <p>I knew it; I knew it; I knew it! If Bush got his hands in there, he’d crush the auto industry in a car crusher. Say Buh bye to Domestic industry of any Kind.<br /> I read in Newsweek (the Dec 1st isssue)that we are now dependent on China to give US the operating capital for rebuilding…..And they have consumers (and problems) of their own now, thank you very much. The end of Globalization they said, if China didn’t come to our rescue.<br /> The end of America, I’d say and all those pretty promises from Obama.</p> I knew it; I knew it; I knew it! If Bush got his hands in there, he’d crush the auto industry in a car crusher. Say Buh bye to Domestic industry of any Kind.
I read in Newsweek (the Dec 1st isssue)that we are now dependent on China to give US the operating capital for rebuilding…..And they have consumers (and problems) of their own now, thank you very much. The end of Globalization they said, if China didn’t come to our rescue.
The end of America, I’d say and all those pretty promises from Obama.

]]> By: earlofhuntingdon http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/comment-page-1/#comment-120729 earlofhuntingdon Tue, 16 Dec 2008 19:01:33 +0000 http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/#comment-120729 <p>And not so coinkadinkaly, Bush’s “plan” essentially implements much of what Cerberus Capital wants to do. It has made heavy bets on Big Auto — among other big bets, it owns the biggest chunk of Delphi, which is still in bankruptcy. Its aim is to maximize cash returns. Run a going concern? A manufacturer? In America? You must be joking. </p> <p>Its attitude, the policies and plans it will go to enormous lengths to implement, is pure Dickens and Swift, without the pathos or biting satire. Employees? Are there no work houses, no Poor Laws? Best that they get out and get on, and decrease the surplus population.</p> And not so coinkadinkaly, Bush’s “plan” essentially implements much of what Cerberus Capital wants to do. It has made heavy bets on Big Auto — among other big bets, it owns the biggest chunk of Delphi, which is still in bankruptcy. Its aim is to maximize cash returns. Run a going concern? A manufacturer? In America? You must be joking.

Its attitude, the policies and plans it will go to enormous lengths to implement, is pure Dickens and Swift, without the pathos or biting satire. Employees? Are there no work houses, no Poor Laws? Best that they get out and get on, and decrease the surplus population.

]]> By: readerOfTeaLeaves http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/comment-page-1/#comment-120726 readerOfTeaLeaves Tue, 16 Dec 2008 18:57:22 +0000 http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/#comment-120726 <p>Well, you may consider figuring out where to send money to help the auto industry, because the odds appear to be dimming that Bush will pull it off.</p> <p>The GOP will be deader than the Paleozoic era if the autos aren’t bailed out, so if you’re looking for silver linings…</p> Well, you may consider figuring out where to send money to help the auto industry, because the odds appear to be dimming that Bush will pull it off.

The GOP will be deader than the Paleozoic era if the autos aren’t bailed out, so if you’re looking for silver linings…

]]> By: readerOfTeaLeaves http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/comment-page-1/#comment-120723 readerOfTeaLeaves Tue, 16 Dec 2008 18:55:59 +0000 http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/#comment-120723 <p>As a contracted official of GM, in some respects his hands are tied. He’s almost certainly not as free a player as you suppose, and he’s in a situation where a whole lot of people want to make huge gambling profits from ensuring that his company is taken down.</p> <p>Watching GWBush walk backward and even Cheney not able to save the day suggests there are levels of weirdness here that are hiding all kinds of things. </p> <p>But as a fiduciary officer of GM, Wagoner has his hands tied behind his back in some respects, and it actually wouldn’t surprise me if the UAW were more free to discuss certain matters than the execs are able to do.</p> <p>check this out: <a href="http://oxdown.firedoglake.com/diary/2261" rel="nofollow">http://oxdown.firedoglake.com/diary/2261</a><br /> Which answers my question at 72.</p> <p>GM is worth more dead than alive to certain hidden interests who are unregulated; Warren Buffett was right in saying that credit default swaps are the ‘WMD of the US economy’ and we’re seeing his wisdom play out before our eyes. Google ‘credit default swaps’ + GM.</p> As a contracted official of GM, in some respects his hands are tied. He’s almost certainly not as free a player as you suppose, and he’s in a situation where a whole lot of people want to make huge gambling profits from ensuring that his company is taken down.

Watching GWBush walk backward and even Cheney not able to save the day suggests there are levels of weirdness here that are hiding all kinds of things.

But as a fiduciary officer of GM, Wagoner has his hands tied behind his back in some respects, and it actually wouldn’t surprise me if the UAW were more free to discuss certain matters than the execs are able to do.

check this out: http://oxdown.firedoglake.com/diary/2261
Which answers my question at 72.

GM is worth more dead than alive to certain hidden interests who are unregulated; Warren Buffett was right in saying that credit default swaps are the ‘WMD of the US economy’ and we’re seeing his wisdom play out before our eyes. Google ‘credit default swaps’ + GM.

]]> By: sunshine http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/comment-page-1/#comment-120721 sunshine Tue, 16 Dec 2008 18:53:51 +0000 http://emptywheel.firedoglake.com/2008/12/16/killing-gm-in-the-guise-of-saving-it/#comment-120721 <p>I have not went shopping this holiday season.<br /> I may be getting the long johns and gloves out and protesting instead.</p> I have not went shopping this holiday season.
I may be getting the long johns and gloves out and protesting instead.

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