longcoolwoman61 Forum Posts (4)

RE: Support America! Obama deserves recognition! Solidarity America!

more comments continued...



If we had let GM fail to begin with it might already be competing fairly in the free market. As it is, I guess we are lucky to have Ford as the lone real American Car Company. Keep it up blue oval!
Report Post » bartanton
o
Spirit-of-76
Posted on September 21, 2010 at 12:28pm

@ 79USMC83 – You are right, but miss one important point. Our corrupt socialist government will protect foreign investors. It a means of redistribution. Just like they are to to the US oil inducstry; shut down our wells and use tax dollars to fund foreign oil companies.
Report Post » Spirit-of-76
*
grnhrn
Posted on September 20, 2010 at 1:56am

If I ever even think about buying a new car the only company I will look at is ford. Like the car I’m driving now
Report Post » Log in to ReplyReply
o
Patriotbeliever
Posted on September 20, 2010 at 4:06am

I will never buy a GM car again. I am tired of subsidizing them with my tax dollars and I won’t subsidize them by buying an inferior vehicle. I know, I know, but what about the workers. Well, no one deserves $30 an hour to run a screw in a door panel all day. A monkey could do that. They don’t create enough value for what they are paid. The unions are like whining children demanding more all the time. Sorry GM, but I’m done now.
Report Post »
o
Compete or Lose
Posted on September 20, 2010 at 11:04am




I used to only buy GM and Ford products under the theory that I was supporting american jobs, but I feel my loyalty was betrayed by the UAW. Now I have no preference for any car company (except maybe a little for cars made in the US by non-UAW workers)–I will buy the best deal for me and if it is an import or a car made by a foreign company in a US plant, then I am all for that.
RGS

I guess after they screwed the American investors out of what was rightfully their’s by law no one in this hemisphere will invest in GM,
I believe in buying American made goods when ever possible but not one run by our government. With On star it just gives them another tool to control us with. And yes I may be a little paranoid but times are calling for being paranoid.

I couldn’t agree more. It as a crime what happened to the bond holders and all in the name of payingback political favors to the unions. It doesn’t surprise me they look to foreign investors instead of individual American investors. Look at how they get treated! So now we‘re looking t a gov’t run auto maker possibly supported financially by a communist China? Wow,I’ll bet the sheep never saw that kind of “Change” coming.

Despite what the President believes, Ford didn’t take any Government money.. They restructured on their own, and seem to be doing pretty well for it..
Report Post » TomBurpee

RE: Support America! Obama deserves recognition! Solidarity America!

Government Could Seek Foreign Investors for GM

DETROIT (AP) — Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North America, according to a U.S. Treasury Department statement.

GM and the Treasury Department would not comment Sunday on reports that the automaker is in talks with its current partner in China, SAIC, about buying a stake in the Detroit company. SAIC is owned by the Chinese government.

The Treasury Department, in a statement issued late Friday, said investors in GM would be sought across “multiple geographies,” with a focus on North America.

The U.S. Treasury loaned GM about $50 billion to help it through bankruptcy protection last year. GM has repaid $6.7 billion. The rest of the bailout money was converted to a 61 percent government stake in the company.

The government hopes to get the remaining $43 billion back with stock sales that could start in November.

Foreign investment in U.S. automakers and other companies is common. Before the stock sale, GM will put on a two-week “road show” of presentations for investors, and several stops are expected to be in cities outside the U.S.

The Treasury statement also said banks underwriting the GM stock sale will be expected to balance getting the maximum price per share and return for taxpayers with having a stable base of shareholders and keeping up interest in several sales that will occur after the initial public offering.

Individual investors will get “ample opportunity” to buy GM shares, but institutional investors such as mutual funds, hedge funds and pension funds will be sought out, the statement said.

“We expect that a large and diverse group of institutional investors will be offered an opportunity to participate, with no single investor or group of investors receiving a disproportionate share or unusual treatment,” the statement said.

The government will make ensure general guidelines are followed in the sale “but will not involve itself in decisions regarding allocation of shares to specific buyers,” the statement said.

RE: Support America! Obama deserves recognition! Solidarity America!

39 Dems Break Rank in Adjournment Vote, Pelosi Casts Tiebreaker

In an almost-surprising turn of events, House Democrats on Wednesday barely won a 210-209 vote to adjourn the House without extending the Bush tax cuts. 39 Democrats broke rank and voted against adjournment, while House Speaker Nancy Pelosi had to cast the tiebreaking vote.

In a rousing speech on the House floor before the vote, Minority Leader John Boehner (R-OH) called on his colleagues to stay in session long enough to vote on tax cuts: “Vote no on this adjournment resolution. Give Congress a chance to vote on extending tax rates.” After the vote was finalized, he accused those voting for adjournment of “putting their election above the needs of your constituents.”

Ironically, Democrats voting not to adjourn might have made that decision based on politics, too.

“Virtually every politically vulnerable Democrat, ranging from Bobby Bright of Alabama to Stephanie Herseth Sandlin of South Dakota to Frank Kratovil of Maryland, voted against adjourning the House,” Politico reports, “believing they should stick around to extend the tax cuts.”

Many Democrats have been breaking with their party’s agenda as Americans increasingly grow disgruntled with the party’s track record in Congress. Breaking rank, then, may be a last-ditch effort to show that the candidates are more loyal to their constituencies than their party.

The vote to adjourn does not mean an immediate departure for the Representatives. As The Hill reports, the House still has to vote on several issues, including a measure to keep the federal government operating through Dec. 3, before it adjourns.

RE: Support America! Obama deserves recognition! Solidarity America!

Mahmoud Ahmadinejad’s trip to New York City reportedly expanded beyond meeting with foreign dignitaries at the United Nations. According to the New York Post, the Iranian president’s six-night stay also included a “secret sit-down” with militant Nation of Islam minister Louis Farrakhan and members of the New Black Panther Party: The president shared a hush-hush meal with Farrakhan and members of the New Black Panther Party Tuesday at the Warwick Hotel on West 54th Street.

The meeting of the podium smackers took place in a banquet room, where the fiery leaders presumably exchanged theories on what’s wrong with the world.

Farrakhan has a history of meeting with controversial foreign leaders and has been criticized for being anti-Semitic. In 1984, Farrakhan traveled with Rev. Jeremiah Wright to meet with Libya’s de facto leader Muammar Khadafi.

Upon his arrival back in the United States, Farrakhan delivered a sermon condemning the state of Israel:

Now that nation called Israel never has had any peace in 40 years and she will never have any peace because there can be no peace structured on injustice, thievery, lying and deceit and using the name of God to shield your gutter religion under His holy and righteous name.

The Post characterized Ahmadinejad’s New York visit as “paranoia on parade,” noting that the foreign leaders’ traveling entourage took up about 90 hotel rooms with more than 20 for security alone.

He never set foot in the lobby. Bulletproof glass was installed over room windows. When he left for meetings at the Iranian Mission, on Third Avenue, or the United Nations, he departed by an employee entrance, the path covered in a white tent — a veritable tunnel to his vehicle. His head was covered with a white cloth. No one saw him on the street.