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Welcome to the Obama Motor Company

Started by Hansmeister, April 29, 2009, 10:30:16 PM

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KRonn

#15
April 30, 2009, 08:01:07 AM

Yet Secretary Timothy Geithner and his auto task force, led by Steven Rattner, have somehow decided that Treasury and UAW chief Ron Gettelfinger  

Hmmmm, I've always been suspicious  of this guy. Name is too close to "Littlefinger" of the George Martin Ice and Fire book series.   <_<

Vince

#16
April 30, 2009, 08:16:14 AM
Sadly I do think that GM has been run so badly for so long that yes the government could run it better.   

saskganesh

#17
April 30, 2009, 08:45:19 AM
Quote from: Vince on April 30, 2009, 08:16:14 AM
Sadly I do think that GM has been run so badly for so long that yes the government could run it better.

heh. that's not the point. the point is that government (and public) absorbs losses while they restructure and rebuild, then sell back to more or less to the same clowns at a super discount deal once the market changes. I doubt it's gonna be long term.

this has happened in Canada's forestry industry for years. single town industries with mills "too big to fail", huge public investment and again,  multinational ownership, not nationalisation, at the end of the day.
humans were created in their own image

KRonn

#18
April 30, 2009, 08:56:28 AM
Are we going to now have cars... named after goverment officials and politicians?  :unsure:



;)

Faeelin

#19
April 30, 2009, 09:10:24 AM
I have a question, based on admittedly limited knowledge of bankruptcy.

Technically, unsecured creditors aren't guaranteed anything, right?

Berkut

#20
April 30, 2009, 10:08:08 AM
Quote from: Admiral Yi on April 29, 2009, 11:46:44 PM
Quote from: Faeelin on April 29, 2009, 10:57:41 PM
Heh. Since TARP is essentially a subsidy to the financial industry at the expense of the American Taxpayer, that may not be the best example to bring up here.
The difference being if the financial industry disappears we all go to eating bark and wearing leaves.  If GM disappears there's a bunch of unemployed people union workers and we drive Toyotas instead.

Fixed that for you.
"If you think this has a happy ending, then you haven't been paying attention."

select * from users where clue > 0
0 rows returned

Berkut

#21
April 30, 2009, 10:10:45 AM
Quote from: Faeelin on April 30, 2009, 09:10:24 AM
I have a question, based on admittedly limited knowledge of bankruptcy.

Technically, unsecured creditors aren't guaranteed anything, right?

Yes - unless they are a union, of course.
"If you think this has a happy ending, then you haven't been paying attention."

select * from users where clue > 0
0 rows returned

Savonarola

#22
April 30, 2009, 10:14:24 AM
Quote from: KRonn on April 30, 2009, 08:56:28 AM
Are we going to now have cars... named after goverment officials and politicians?  :unsure:



;)

The Chevy Biden will be a rip off of a Land Rover.   :bowler:
In Italy, for thirty years under the Borgias, they had warfare, terror, murder and bloodshed, but they produced Michelangelo, Leonardo da Vinci and the Renaissance. In Switzerland, they had brotherly love, they had five hundred years of democracy and peace—and what did that produce? The cuckoo clock

KRonn

#23
April 30, 2009, 10:19:42 AM
Quote from: Savonarola on April 30, 2009, 10:14:24 AM
Quote from: KRonn on April 30, 2009, 08:56:28 AM
Are we going to now have cars... named after goverment officials and politicians?  :unsure:



;)

The Chevy Biden will be a rip off of a Land Rover.   :bowler:
The Chevy Biden, I like that car name.  :D

It will have an onboard navigation system as many cars do, but this one will occasionally blurt out off the wall comments.    ;)

Faeelin

#24
April 30, 2009, 10:26:26 AM
Quote from: Admiral Yi on April 29, 2009, 11:46:44 PM
Quote from: Faeelin on April 29, 2009, 10:57:41 PM
Heh. Since TARP is essentially a subsidy to the financial industry at the expense of the American Taxpayer, that may not be the best example to bring up here.
The difference being if the financial industry disappears we all go to eating bark and wearing leaves.  If GM disappears there's a bunch of unemployed people and we drive Toyotas instead.

I'm not averse to stabilizing the banks using hundreds of billions of dollars. I just think that Obama's plan is terrible and basically a subsidy to investors themselves, since the government bears almost all of the risk. Whereas here, the government is getting a massive stake in GM.

Without reading more, the GM deal seems pretty fishy.

derspiess

#25
April 30, 2009, 11:00:31 AM
Quote from: KRonn on April 30, 2009, 10:19:42 AM
The Chevy Biden, I like that car name.  :D

It will have an onboard navigation system as many cars do, but this one will occasionally blurt out off the wall comments.    ;)

Occasionally?  More like 90% of the time.
"If you can play a guitar and harmonica at the same time, like Bob Dylan or Neil Young, you're a genius. But make that extra bit of effort and strap some cymbals to your knees, suddenly people want to get the hell away from you."  --Rich Hall

Savonarola

#26
April 30, 2009, 11:02:03 AM
Quote from: KRonn on April 30, 2009, 10:19:42 AM
The Chevy Biden, I like that car name.  :D

It will have an onboard navigation system as many cars do, but this one will occasionally blurt out off the wall comments.    ;)

The navigation on the AMC Dean will shout out the state name as it gives directions.
In Italy, for thirty years under the Borgias, they had warfare, terror, murder and bloodshed, but they produced Michelangelo, Leonardo da Vinci and the Renaissance. In Switzerland, they had brotherly love, they had five hundred years of democracy and peace—and what did that produce? The cuckoo clock

KRonn

#27
April 30, 2009, 11:38:22 AM
Quote from: Savonarola on April 30, 2009, 11:02:03 AM
Quote from: KRonn on April 30, 2009, 10:19:42 AM
The Chevy Biden, I like that car name.  :D

It will have an onboard navigation system as many cars do, but this one will occasionally blurt out off the wall comments.    ;)

The navigation on the AMC Dean will shout out the state name as it gives directions.
Lol... So I guess that it's lucky timing for Pres Bush that this didn't happen when he was in office.   :cool:   

The Bush Mobile - Nav system speaks but can't properly explain directions.

Cheney Car  - spawns surprise Haliburton mini Hurricanes.

Queequeg

#28
April 30, 2009, 11:42:11 AM Last Edit: April 30, 2009, 11:43:46 AM by Queequeg
Quote from: Caliga on April 30, 2009, 05:32:08 AM
Quote from: Queequeg on April 29, 2009, 10:41:52 PMMy home neighborhood.   :yeah:

:nelson: You're poor.
:D
Kenwood is by far and away the wealthiest neighborhood on the South Side.  My street growing up had three multi-million dollar Frank Lloyd Wright houses. 

Besides, why would I be offended by "Turkey Rocks"?  I'm learning Turkish and will probably end up studying Turkish-Russian relations in some capacity. 
Quote from: PDH on April 25, 2009, 05:58:55 PM
"Dysthymia?  Did they get some student from the University of Chicago with a hard-on for ancient Bactrian cities to name this?  I feel cheated."

Vince

#29
April 30, 2009, 11:46:23 AM
Quote from: KRonn on April 30, 2009, 11:38:22 AM
Lol... So I guess that it's lucky timing for Pres Bush that this didn't happen when he was in office.   :cool:   

The Bush Mobile - Nav system speaks but can't properly explain directions.

Cheney Car  - spawns surprise Haliburton mini Hurricanes.

Even if you make a wrong turn the Bush Car nav system always tells you to stay the course. 
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