GM NEEDS to go bankrupt - the RIGHT way. Restructure the company, restructure the debt and restructure the failed and broken labor rules. Otherwise the company will NEVER survive. The government money is going to drive up.
Redvert - save your breath. Nobody cares that Bush tried SEVEN TIMES formally requesting Blarney "the butt pirate" Frank stop the sub-prime mortgage insanity. What did the Dumbocrats say? There's no problem. You're just being racist.
September 21, 2012 at 4:17 p.m.
No #cambridge actually anyone with a "brain" knows it was Barny Frank and Chris Dodd (Democrats) whos policies caused the housing market crash and financial crisis. The BUSH whitehouse went to congress no less than SEVEN times asking them to take action to shore up the sub-prime mortgage issue. Barny Frank actually called the administration RACIST for wanting to stop giving people loans to buy houses they couldn't afford. But you're obviously one of the 47% who don't pay taxes.
September 19, 2012 at 2:05 p.m.
My family grew up in Youngstown back in the glory days. There were steel mills, Idora Park was a glamorous place. My grandmother lived on Idora Avenue.and it was a beautiful peaceful neighborhood. Jobs were there for the taking. So what happened?
Democrats and their agenda happened. But Youngstown keeps voting for the same stupid Democrats and the same failed policies.
RememberAbraham Lincoln was a REPUBLICAN and fought against DEMOCRATS who insisted on keeping slavery
Dr. Martin Luther King was a REPUBLICAN and fought against DEMOCRATS insisting on continued segregation
September 18, 2012 at 10:43 p.m.
As for Our Great Leader "saving" GM... He ignored 200+ years of bankruptcy LAW, took the equity from the stock holders and bond holders who invested their money in the company - and gave it to the union. Did he address any of the REASONS GM went bankrupt in the first place? NO. Did he restructure the operations practices? NO. Did he restructure the wage and benefit packages for the employees? NO. He closed hundreds of dealerships (putting thousands out of work) using campaign contributions as the criteria for which ones to keep open.
So now GM builds government subsidized cars and sells them for less than they cost to produce. The Volt costs over $80,000 to build and you can lease one for two years for $5,000 or buy one for $40,000. Sounds like a solid business model to me. NOT. Here's the funny thing. Without continued government subsidies - GM IS STILL BANKRUPT! Nothing has been fixed. And as soon as the govt money runs out - which it will. GM will be back on the chopping block. But THIS time PRIVATE equity and venture capital will step in and fix it the right way.
September 18, 2012 at 10:34 p.m.
FLHTCUI - another miss at reality. Obama had two years of a Democrat House and Democrat Senate. The SAME Democrat House and Senate that ran the country into the ground during Bush' second term. He got EVERYTHING he wanted passed including OBAMA-DON'T-CARE
When the Republicans took the House and decided to shut off his spend-aholic credit card, he and the first Wookie decided to go on vacation. Then they went on vacation and after that they went on vacation. Then he played golf and they went on vacation. He took a break to champion the overthrow of the Evil Hosni Mubarak in Egypt in favor of the Muslim Brotherhood and we see how well that is going. Then he played some more golf and went on vacation. Then he and the First Wookie went on vacation again.
September 18, 2012 at 10:23 p.m.
Four more years of the same garbage? So we should expect:Gas was $1.79 - is $4.00 - will be $8.00Milk was $2.99 - is $4.99 - will be $6.9948 MORE months of 8% unemployment12 MILLION MORE Americans on foodstampsNational Debt $21 TrillionGM will be bankrupt - againand of course it will STILL be Bush's fault
September 18, 2012 at 10:14 p.m.