GM Exit Strategy

[volinbham]

I was amused watching Robert Gibbs try to answer a question on Team Obama's exit strategy from GM.

He ended up giving the Bush Iraq exit strategy answer: when the job is done.

He also couldn't answer what conditions would involve Team Obama exercising their ownership influence in GM decisions.

What goes around, comes around...

[Lexvol]

Originally Posted by volinbham

I was amused watching Robert Gibbs try to answer a question on Team Obama's exit strategy from GM.

He ended up giving the Bush Iraq exit strategy answer: when the job is done.

He also couldn't answer what conditions would involve Team Obama exercising their ownership influence in GM decisions.

What goes around, comes around...

That sounds more like a "rear entry" strategy rather than an exit plan.

[Vol Mania 21]

gibbs is an idiot he proves it on a daily basis

[volinbham]

Originally Posted by Lexvol

That sounds more like a "rear entry" strategy rather than an exit plan.

and they didn't even get dinner first...

[droski]

with the pension obligations still intact there is no reason to think gm wont go bankrupt again. what worries me is if the union owns stock and that is how they are funding the pension obligations what happens if gm goes bankrupt again? won't the pension fund now be worth zero? we could see a situation where obama has to bail out gm and the unions twice with billions of $$$$. for this reason i really really hope the unions have to sell their gm stock after a certain amount of time to lock in that the pensions are finally funded. for one thing it's not appropriate for them to own gm in the first place. this is truly scary stuff. never did i think i'd see a president in the modern era in the pocket of the unions like this.

[allvol123]

Originally Posted by volinbham

I was amused watching Robert Gibbs try to answer a question on Team Obama's exit strategy from GM.

He ended up giving the Bush Iraq exit strategy answer: when the job is done.

He also couldn't answer what conditions would involve Team Obama exercising their ownership influence in GM decisions.

What goes around, comes around...

Funny comparing it to Iraq VBH. That is a good catch and quite funny.

[volinbham]

Originally Posted by droski

with the pension obligations still intact there is no reason to think gm wont go bankrupt again. what worries me is if the union owns stock and that is how they are funding the pension obligations what happens if gm goes bankrupt again? won't the pension fund now be worth zero? we could see a situation where obama has to bail out gm and the unions twice with billions of $$$$. for this reason i really really hope the unions have to sell their gm stock after a certain amount of time to lock in that the pensions are finally funded. for one thing it's not appropriate for them to own gm in the first place. this is truly scary stuff. never did i think i'd see a president in the modern era in the pocket of the unions like this.

What about the conflict of interest for the Federal Government: owner, lender and regulator.

[droski]

the government should be forced to sell their stock too.

[Lexvol]

Originally Posted by droski

with the pension obligations still intact there is no reason to think gm wont go bankrupt again. what worries me is if the union owns stock and that is how they are funding the pension obligations what happens if gm goes bankrupt again? won't the pension fund now be worth zero? we could see a situation where obama has to bail out gm and the unions twice with billions of $$$$. for this reason i really really hope the unions have to sell their gm stock after a certain amount of time to lock in that the pensions are finally funded. for one thing it's not appropriate for them to own gm in the first place. this is truly scary stuff. never did i think i'd see a president in the modern era in the pocket of the unions like this.

Or even worse what if they are beholden to the corporation under the guise of union support? It is a perfect partnership for things like the VAT plans.

[joevol320]

i wonder if the other car can sue gm and the government for anti-trust. the government can easily put laws or regulations that would hurt other car companies. hussein has no problems illegally taking over business, no reason he he'll not do this too.