15 days

15 days left and all appears quiet. I am sure they are brewing up a plan to bilk taxpayers more, but will Obama continue to pull out the taxpayer credit
card for GM and GMAC? GMAC was told to raise more cash or else. GMAC is some $30+B in the hole. Bond holders have lawyers ready as less than 1 cent on the dollar isn't going to satisfy them. Now that the government has run GM for awhile they know how bankrupt GM really is.
Stock tanked this week, and GM announced it would pay suppliers as if some were holding back parts for payment. GM not realize other people have to eat?
Which highlights the need for a new law, companies need a limit on how bankrupt they can become before closing. Clearly GM was allowed to operate too long.
There were some deadlines for today, a UAW agreement, dealers to get cut and they just announced Oshawa plant closing. CAW is in a hissy snit over that. But nothing big (yet).
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the us auto industry everyone said there were too many dealers, but the moment chrysler notified 789 dealers closing the media jumped in and boo hoo the number of people it will put out of work. with chrysler down for 2 months for restructuring and gm probably down 2 or 3 more months this summer watch the unemployment rolls rise. it will cost much more than the bailout money. it may delay the recovery for years so just get off your high ass horse and think about more than your personal vendetta against gm.
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It is much better to bankrupt GM straight away and have it over and done with. It is costing the US a lot to let this unproductive company go on and on than to just fold and start fresh. There is no sense in producing cars that noone wants to buy. There is one year supply available of GM cars so even if/when they stop it will take more than a year to sell all the new cars they have made and are actually quite old by now. There is a lot of new companies making good cars and the future holds no place for the likes of GM.
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It is much better to bankrupt GM straight away and have it over and done with. It is costing the US a lot to let this unproductive company go on and on than to just fold and start fresh. There is no sense in producing cars that noone wants to buy. There is one year supply available of GM cars so even if/when they stop it will take more than a year to sell all the new cars they have made and are actually quite old by now. There is a lot of new companies making good cars and the future holds no place for the likes of GM.
until last year no one wanted to buy the almost 10 million cars that gm produced those companys making so called good cars are taking 60plus billion dollars a month out of the us al least american companys are brings some money back from places like china and latin america. whats the supply of jap cars in stock. this not only effects gm. (maybe only in your mind)
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$10B++ divided by say 30,000, thats a 1/3 million per. If paid out at $2,000 per month it would last over 13 years not including interest! Pretty expensive jobs. Further bailouts, pensions and whining extra.
Better to leave the extra couple of grand in taxpayers pockets so they can afford the contraptions. See, if you leave the taxpayer with less to bailout corrupt auto, it also reduces who can afford them.
It is why GM & Chrysler need to go down. Going to lose the jobs one way or another, leave the cash in the taxpers pocket.
And GM & Chrysler isn't the victim here, plenty are not getting paid because of corrupt atuo waste and corruption. Collectively they did it to themselves. If they were serious about saving GM, they would have thought about it 10 years ago.
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Your forecasts of doom are really annoying, do you think we are unable to read the news?
Maybe you could just FOAD.
I don't know what problem you had with a five year old chev but its time to put it to bed.
Now I don't mean that in a bad sort of way...
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How else could one interpret FOAD?
Whatever will happen will happen. The freaking politicians have screwed up a situation that the auto companies themselves carved out for themselves.
This dialogue can, however, serve to make people aware of the bottom feeding scum we have elected to office.
Now, let's put the load on our back that we put on GM...we are supposed to BE the government...What are we going to do to make sure that the future is better and brighter? Vote that socialist another four years in office in 2012?
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Fuck Off All Detroit?
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wrote:

Fuck Off All Detroit?
my guess 12w to 15 years old 16 would have more sense and a much better response
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wrote:

Fuck Off All Detroit?
I assumed he meant fuck off and die...Eat shit and die is more common.
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wrote:

You have the right idea.
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I, and I assure you, millions of others, agree with this post!!
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I believe there is less than 20% support for bailouts. That is, a decisive majority of 80% of the people believe there should be no bailout.
And my posts don't gloss it over with a liberal corrupt brush.
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You mean those survey's where around 120 people are asked? They are almost as big of a joke as you are.
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Ah, a delusionalist. The fact remains most people don't support this corruption of the tax system and government moneys.
The Declaration of Independence starts with "We the People...", it does not start with "We the Corporations...".
Funnuling hard earned tax moneys and more government debt to keep GM alive is greed and corrutpion talk, not sanity.
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Ain't going to happen.

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Don't read them then. I dont put a liberal froth on it and while not suitable for all, they don't have to read it.

You mean GM can FOAD.

Never mentioned it until GM thought it their right to use the tax system to bailout their arrogant asses. But I sold the lemon years ago. They are now stealing from us. I was quite content as being a former non-returning customer until the bailout corruption started.
GM isn't a victim, they did it all to themselves. Now they want me to pay the price? They can FOAD!

I meant it any way it takes to get the greed corrupt buggers out of our collective pockets.
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Why don't you post your rants in the Chrysler, Dodge, and Financial groups as well? You have a hard on for GM, and you know it. Even Jim Higgins get's a lower score on the Troll-O-Meter then you do...and *that* says something.
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Stopped posting in Chrysler when they did chapter 11, a giant step towards being out of the taxpayers pocket. Besides, no one left to read it. They finally did the honourable thing, not going to critisize that. But the GM fraud continues and while it does I will post.
But Chrysler isn't out of the woods yet. They tried to stiff the bond holders with the stock swap and it will most likely be changed. Debt lovers can't just stroke off debt like it does not exist. The Chrysler deal is still in flux. A lesson GM is about to learn.
Even the CEO has stated it is probable that GM will be in chapter 11. Forced, because they are so far in debt. And with GM, they will not ever come back without a bankruptcy declaration. Safe to say, GM as a business icon is as good as gone for some time to come.
The big problem with GM, is it was banktupt years ago and allowed to operate technically banktupt for too long, criminally too long. People like Wagoner should be in jail for the fraud now dumped on the taxpayers.
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