Drudge Retort: Red Meat for Yellow Dogs
Thursday, April 30, 2009

Chrysler will file for bankruptcy, an Obama administration official confirmed to CNN today. The filing will follow failed efforts to reduce the amount of money the troubled automaker owed.

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Goodbye, PT Cruiser-losers. I think that Jeep and Dodge Trucks might be the only brands possibly surviving this.

Thank God! This could be the beginning of the end of this madness. This is good news.

SWEET, Unions do it again.....................

Adios!

"Unions do it again......"

Riiiiiiiiiiiiight. I'm sure management decisions had nothing whatsoever to do with Chrysler's demise.

I am sure management decisions had a lot to do with it but the main reason is the unions. I sure hope those greedy union bastards like living in Detroit and being unemployees. What a fucking shithole.

America wants to know why did the unions design that PT Cruiser???

Are unions involved with any succesful businesses?

Gotta agree w/Danforth. Whoever approved those K Cars should be shot, hanged, and then yelled at very loudly.

#8 | Posted by 101Chairborne

Manufacturing, Steel, Auto industry..

I dont think so.

#7 | Posted by danni

No they do not danni, but I do love how you think you speak for the country as a whole.

People who blog at work should be fired.

Danni, ever wonder why American jobs are going overseas? people like you blogging.

K Car v. Tempo

Discuss.

Chickenrancher, ever wonder why people like me have jobs and get to blog too???

Cuz some of us have skills our employers need and are that easily replaced. Plus we still get our jobs done on time. Plus someone has to be here to prevent right wing lunatics from taking over the world.

"Whoever approved those K Cars should be shot"

I'm pretty sure that would be Lee Iacocca and everyone said he was such a genius.

Danni...do you think we would have been better off saving the 7 billion and have them declare bankruptcy, or give them the 7 billion and end up in the exact same spot?

In this scenario, how does "if we didn't give them the money it would have been worse" catch-all fit here?

#12 | Posted by 101Chairborne

Leave your dream cars out of this.

#13 | Posted by danni

Thanks for the laugh.

"Plus we still get our jobs done on time".

I see you are a bare minimum person. I have an idea, quit blogging and go that extra mile.

Danni, ever wonder why American jobs are going overseas? people like you blogging.

#11 | Posted by chickenrancher

Dipshits like you funding the race to third world status by demanding that extra 5 cents off you adult diapers at Walmart are the reason why.

"Whoever approved those K Cars should be shot, hanged, and then yelled at very loudly." - Cookfish

It sold well enough, in Iaccoca's book, he credited it for allowing Chyrsler to pay off thier loans early.

"America wants to know why did the unions design that PT Cruiser???" - Danni

It was the North American car of the year 2001 , over the Prius, and the Honda Insight. Regarding the PT Cruiser, the marketing of it allowed Toyota to see the potential of the third party addons, and integrating it into the marketing. The success of the Xb owes alot to the PT Cruiser. Grassroots PT Cruiser clubs sprouted up, dedicated to customization....
www.eteamz.com

There was even a magazine dedicated to the PT Cruiser.
www.cruiserquarterly.com

But most of all, my grandmother loved hers, although she was probably looking at the past, she loved her Chryslers.

Its a sad day, bless them both....

Time to go golf.

Danni, try putting forth a little extra effort today. Or you can be like the soon to be extinct union worker and just do what you need to, the bare minimum.

With an attitude like your it is no wonder illegals are stealing so many jobs.

#18 | Posted by 726

I love how libs start calling people who they do not agree with names. Very progressive.

Have you had your brown shirts dry cleaned lately?

#21 | Posted by chickenrancher at 2009-04-30 11:15 AM | Reply | Flag: How cute.

I love how libs start calling people who they do not agree with names. Very progressive.

Have you had your brown shirts dry cleaned lately?

He called you names because you are the millstone of this thread.

Going to play golf? Prove it.

"With an attitude like your it is no wonder illegals are stealing so many jobs."

Apparently not mine though.

I love how libs start calling people who they do not agree with names. Very progressive.

#21 | Posted by chickenrancher at 2009-04-30 11:15 AM

But you are a canadian, I expect this from you.

Posted by chickenrancher at 2009-04-29 09:21 PM

I'll bet you rarely pass a bar.

Posted by chickenrancher at 2009-04-28 07:26 AM

am sure it is time for you to stop blogging and catch the bus to you job at Burger king, that is if you even have a fucking job.

Posted by chickenrancher at 2009-04-23 06:55 PM

I am sure most of you basement trolls would jump this gal in a minute.

Posted by chickenrancher at 2009-04-23 06:48 PM

How long have you been attracted to children?

Posted by chickenrancher at 2009-04-21 07:45 PM

Now that that's over...

Danni, care to address #15?

"Danni...do you think we would have been better off saving the 7 billion and have them declare bankruptcy, or give them the 7 billion and end up in the exact same spot?"

We didn't give them the money, it was a loan. We'll have to wait and see what happens now.

We didn't give them the money, it was a loan. We'll have to wait and see what happens now.

Come on Danni...what is a loan to a insolvent company? It certainly isn't something I expect to get paid back. Now for the second part...if they do ultimately declare bankruptcy, is it safe to say that even if we hadn't given them the money, it wouldn't be worse?

Well, the govt gave GM to the unions.. and will be running Chrysler..

This could go several ways.. we might see a kickback from US consumers voting no to both deals with their pocketbooks.. but then again.. if the govt is just going to use taxpayer money to subsidize failed companies.. what's the difference?

Change we can't believe..

Breaking news --

4/30/2009 -

President Barack Obama announced Thursday a merger between Italy's Fiat and stricken US auto giant Chrysler, which is filing for Chapter 11 bankruptcy after debt-restructuring talks collapsed.

Chrysler will now merge with Fiat and begin building smaller cars.

"America wants to know why did the unions design that PT Cruiser???"

What was the problem with the PT Cruiser?

The PTC was one of the few American cars I seriously considered buying. The only I didn't get one is that it did have an AWD option, nor would it ever.

The PTC was also one of the few American autos that was also exported. I saw quite a few in Europe.

AH YES

I bring it up and VOILLA>..

its a thread..

damn its good to be so friggin informative.

Hope the employees read up on the 1113 and 1114 process. They will be experts in it in the next 9 months.

The PT is everywhere around here.

---------

Chrysler will now merge with Fiat and begin building smaller cars.

#30 | Posted by CalifChris

Fix
It
Again
Tony

I can't wait until the unions destroy themselves over this deal.

Who ya gonna blame when you own the company? I'll bet union efficiency will skyrocket initially until the rand and file realize that they actually have to make a good product at a good price or they are OUT.

This is gonna be good.

Hope the employees read up on the 1113 and 1114 process. They will be experts in it in the next 9 months.

#33 | Posted by bph320

What is it?

well I almost hate to say it but maybe a boycott of the american car companies is in order

OOPS>>>>I guess there has been an unofficial boycott for some time now hasnt there?

OOPS
meant to add

MAKE A FUCKIN CAR THAT WE want to actually buy and maybe JUST MAYBE your business will improve.
If I make a widget that nonone wants, how long will I stay in business making those widgets?

Sec. 1113 Provides for Both Interim Changes
and Permanent Rejection of a Collective
Bargaining Agreement

The Effect of
1114 of the Bankruptcy Code
on the Non-Bankruptcy Right of a
Chapter 11 Debtor to Terminate or Reduce
Non-Vested Retiree Benefits

"MAKE A FUCKIN CAR THAT WE want to actually buy and maybe JUST MAYBE your business will improve."

So how is it a union's fault that management chose the wrong products to build???

#8 | Posted by 101Chairborne

Manufacturing, Steel, Auto industry..

I dont think so.

#10 | Posted by chickenrancher at

Clearly Homosexuality is not an issue for the Rethugs.

Have fun with your circle jerk.

1113 and 1114 are usually used as the big gun the court and management to force "voluntary" concessions with the unions.

The PT Cruiser?

Spud likes the retro cool stylings of the body shape.

Only problem with 'em are there are too many of them around now.

Also they are are a little lightweight under the hood.

Be Well.

"Also they are are a little lightweight under the hood."

The same could be said for half the US population.

Obama said last night that he "Didn't expect that to happen"

I knew he was lying.

Fiat is a weak company. I can't see what they'll gain outside their own demise.

We didn't give them the money, it was a loan. We'll have to wait and see what happens now.
* * * * *

Funniest post of the day. You do realize what the word "bankruptcy" means, right?

RIR has been wrong about just about everything since the financial crisis began late last Summer. While he maybe knows all the nomenclature and fancy investment options, it astounds me that he considers himself some sort of expert as to the recovery being engineered by the Obama administration.

should have happened long ago and to several other companies as well
some might even be on the road to recovery by now and we wouldnt be out trillions of dollars...

but you know those CRISIS"S are a terrible thing to waste according to rhom emmanuel

and people who owned the debt would not take the white house offer of 29 cents for a dollar and will now get a reported 69 cents per dollar.

good business sense in the face of this problem

The PT Cruiser could have been cool if they'd put it on the 4x4 Jeep Cherokee chassis and used the straight 6 instead of the 4 cylinder, otherwise it's an ugly POS.

Have fun with your circle jerk.

#41 | Posted by Valisk at 2009-04-30 01:06 PM | Reply | Flag: Union Pud

Go file a grievance Bluto.

The PTC is a bitch car. If a dude drives one of those or a VW BUG, he most likely is ghey and a liberal. Redundant, I know.

Obama is the president. He gave billions to Chrysler. His administration shared their brilliance with Chrysler. How can a large American company fail under Obama's flawless leadership?

The Emporer has no clothes! The Emporer has no clothes!

Over priced pieces of Crap!!!! About time they filed. GM needs to be next.

I agree and those gawd awful PT Cruisers are so fucgly. Like a malformed dildo that got bigger as it came out of the extruder. What a waste of cheap metal.

Larry

I am afraid you are correct uncle

as I said MAYBE the best thing would be a boycott and force gm into bankrupty but that might cost us more in bailout money than even before since the OBAMA CREDIT CARD IS going full blast
WITH OUR MONEY

RIR has been wrong about just about everything since the financial crisis began late last Summer. While he maybe knows all the nomenclature and fancy investment options, it astounds me that he considers himself some sort of expert as to the recovery being engineered by the Obama administration.

#48 | Posted by moder8
* * * *

Is that right.

Tell ya what. We'll go offsite, and compare our portfolios. We'll wager $1,000 that mine are ahead of yours. By a LOT.

I know you won't pay, just like before. But will you agree to go away, and never come back?

Tell ya what. We'll go offsite, and compare our portfolios. We'll wager $1,000 that mine are ahead of yours. By a LOT.

I know you won't pay, just like before. But will you agree to go away, and never come back?

#57 | Posted by rightisright at 2009-04-30 03:48 PM | Reply

ALL RIGHT

a thousand buck challenge

I love it..

I agree and those gawd awful PT Cruisers are so fucgly.

The lines are reminiscent of the 40s which is why I've noticed that it appeals to older males.

Well, Danni, how about those bailouts?

It's a wonder they don't put suicide doors on em and get some black trench coats and play Al Capone. I don't know who invented the PT Cruiser but He is fucking loony.

Larry

We didn't give them the money, it was a loan. We'll have to wait and see what happens now.

#27 | Posted by danni

So, giving a "loan" to a company that is headed for bankruptcy is a good idea? We'll have to see what happens now!?! Are you kidding me with that attitude!?!

When my car was in the shop I had to rent a car and they gave me a PT Cruiser at Enterprise. I asked for an SUV, I told them. Yes, this is classed as a sports utility vehicle.

Most uncomfortable thing I've ever been in in my life. It was awful. You feel every bump, the seats are designed for maximum pain, it's noisy, and it's just ugly. Had to drive for close to a thousand miles in the thing, and I couldn't wait to give it back.

The PTC is a bitch car. If a dude drives one of those or a VW BUG, he most likely is ghey and a liberal. Redundant, I know.

#52 | Posted by 101Chairborne

I had to drive one of those as a rental once. Man, I felt like a total ass driving up anywhere in that thing.

Yeah RiR that was the time You pitched a royal bitch fit over not having a place to hang your suit jacket Right??

RIR, my personal "portfolio" consists of a 401k and savings. I don't pretend to be an expert. But you do. And yet you are consistantly wrong. Can you explain that?

Why did Barry give Chrysler billions when it had to go bankrupt anyway?

Barry's backing losers because he can identify. Thom is making money on Ford because he is a winner.

Dodge Charger and Dodge Challenger, so sad to see you go.

www.leftlanenews.com

RIR, my personal "portfolio" consists of a 401k and savings. I don't pretend to be an expert. But you do. And yet you are consistantly wrong. Can you explain that?

#66 | Posted by moder8
* * * *

Yep. It means you're not reading my posts properly.

I got out of the markets in September, started shorting the market aggressively a week later. Two months ago kept on 30% ultrashort positions with out of the money covered calls, with 40% long equities with in the money covered calls, and 46% cash. Year to date up 21.25%, on EOM April statements to go out tonight.

If all you got is a 401k, you should have taken my advice from months ago, and moved to cash. You can't sell short in a 401k, but you could have at least conserved principal.

Still, you know best.

Yeah RiR that was the time You pitched a royal bitch fit over not having a place to hang your suit jacket Right??

#65 | Posted by LarryMohr
* * * *

I forgot about that. I dunno about "royal bitch fit"--makes me sound kinda gay. I was PO'd though. Yeah--not even a handle above the door to put hanging clothes. For me that's a big deal, because I like to pull over and sleep for about half an hour in the afternoon when I'm feeling drowsy, and it makes for a nice shade.

Can't even get that in a PT.

check out the awesome cars Fiat makes.

www.fiat.com@@@@0275337480.1241129073@@@@&BV_EngineID=cccgadehedigjhhcefecejgdfkhdfji.0&categoryOID=-1073761346

lol--#71

BP--

Isn't the name of 'Grande Punto' mean something awful in Spanish?

check out the awesome cars Fiat makes

Perhaps I missed your sarcasm. Japan makes far better cars than this.

Isn't the name of 'Grande Punto' mean something awful in Spanish?

Puto/a

Check that--it's 'puto' that is not a nice word.

Punto is point or dot.

Awfulness depends on where you go - but yeah, puto is worse than puta, especially if you're talking specifically about a dude. Insulting a Latino's virility is not wise unless you know you can win the fight.

Fiat makes junk cars.

I like how the WH was so excited to announce that CH was filing BK after giving them 7 billion between CH and the finance division.

Kiss that 7 billion good bye.

Actually I guess we can kiss all of the TARP money good bye.

#76 | Posted by ZombieHunter

I thought puta/o was m-f$%$^&

Bad word--but virility?

"She sed she was a 'Puta'.
I asked 'Wot does Puta mean?' and so she told me"

~Acapulco Goldie

Means whore.

Be Well.

"Fiat makes junk cars."

Posted by MURPHY at 2009-04-30 06:16 PM | Reply | Flag: idiot

www.mccullagh.org

"Fiat Auto is the largest vehicle manufacturer in Italy, with a range of cars starting from small microcars to sports cars made by Ferrari."
en.wikipedia.org

GM makes junk cars.

I thought puta/o was m-f$%$^&

Bad word--but virility?

Puta is the feminine form of the word, and it translates to something along the lines of bitch, whore, or slut if you call someone a puta, but the word is used in a lot of expressions that aren't really offensive.

Puto is the "masculinization" of the word (spanish nouns have gender, and those that end in "o" are generally masculine) and it is like calling a dude a combination of pussy, faggot, cocksucker, and motherfucker. I think to achieve the same level of abusiveness in English, you'd have to say something like "you pussy-ass cocksucking faggot!"

And yeah, Latinos are sometimes very sensitive about their virility. Machismo, pride, all that shit.

GM makes junk cars.

Wonder why they're broke?

Hopefully, they will continue to make the Challenger. What a fucking SWEET car!

GM makes junk cars.

#80 | Posted by Zatoichi

Buick and Jaguar (122 PP100 each) tie for the highest-ranking nameplates in vehicle dependability. Jaguar moves up nine rank positions from No. 10 in the 2008 study. Buick, which ranked No. 6 in 2008 and tied for the highest ranking with premium make Lexus in 2007, has ranked among the top 10 since 2003. - JD Power

www.jdpower.com

Last I checked Buick was a GM product. There are other GM divisions lower rated but Buick tops the list this year. Ferrari is not rated.

To say that GM makes junk cars would be incorrect. To say they make boring cars - another point altogether.

GM makes junk cars.

#80 | Posted by Zatoichi

I have a combined total of ~600,000 miles on GM vehicles. Combined, I have replaced one fuel pump, one starter motor, one heater coil, and about $400 transmission work. This of course does not count routine maintenance, brakes, filters, etc.

I can't complain about GM products.

I have a combined total of ~600,000 miles on GM vehicles. Combined, I have replaced one fuel pump, one starter motor, one heater coil, and about $400 transmission work. This of course does not count routine maintenance, brakes, filters, etc.
I can't complain about GM products.
#85 | POSTED BY GOATMAN AT 2009-04-30 07:03 PM | REPLY | FLAG:

Got to ditto goat. Have had a gas guzzling monster Yukon XL that I couldn't kill if I wanted to. It has carried more kids, baseball gear, lumber, ski gear, Costco groceries etc..., and all we've had to do is routine maintenance and change the tires.

I'm afraid, however, that the Yukon'll be "phased out" as part of the govt. deal. Too bad too, where I live, if you get in an accident, it's gonna be with a big-ass truck.

If the UAW is building your car, expect it to breakdown and not come close in quality to Japanese and European makes.

I have owned toyotas, nissans, fords, GMs, chryslers and can say without a doubt, the most maintenance was done on the toyotas and nissans.

Toyota sucked a rod, nissan blew head gaskets and got tired of working on them.

I have 2 fords and one GM and they just keep on going without a problem with regular oil changes.

UTA is full of crap that's for sure.

My 96 chevy s10 has run like a champ for 150000 miles, and I anticipate many more years of dependable service from it. Thanks so much to all of you toyota/bmw driving yuppies for your contribution to our nations economy. If anybody is to blame for our failing economy it is the American consumer.

If the UAW is building your car, expect it to breakdown and not come close in quality to Japanese and European makes.

It is kind of funny that the lefties here who are dissing GM products are the same ones who praise the superior union products. LOL

It is kind of funny that the lefties here who are dissing GM products are the same ones who praise the superior union products. LOL

LOL!

Kind of funny but I don't see any of those people here.

Care to make up something else of a lying straw.

Fact check: Are American cars really that bad?

Take a good look at vehicle reliability data and the answer may surprise you.

money.cnn.com

Kind of funny but I don't see any of those people here.

Kind of funny how you see what you want to see and ignore the rest. I'll give you one example just because it is on this thread.

Zat is considered a lefty. Read his post #80

Take the blinders off. I tire of rubbing your nose in the truth.

Goatman,

LOL!

Zat likes GM but that was not the point of his post.

I think he like the FXXX more and one doesn't even have to go to his links to see this.

But nice try.

Zat likes GM

???

GM makes junk cars.

#80 | Posted by Zatoichi at 2009-04-30 06:27 PM |

You interpret his statement as you wish, and I will interpret it as I wish.

Deal?

Do they not tech reading comprension where you went to grammar school?

I wonder if zat would be surprised to learn he likes junk? Why don't you ask him why he likes junk, runnysore? I find your assertion incredible.

But the people at Consumer Reports don't have quite as good a view of Ford and GM products as J.D. Powers' survey.

In Consumer Reports predicted reliability ratings, brands like Toyota, Subaru and even Suzuki rank higher than Pontiac, which has average predicted reliablity in Consumer Reports' estimation.

Lincoln, the top-ranked American brand in the J.D. Power survey, is seen as having below average predicted reliability by Consumer Reports.


Now I find this interesting, you consumer report isn't doing a proper ranking.

Always have said, what is in it for consumer report and who is reflected most in their adds.

Always have said, what is in it for consumer report and who is reflected most in their adds.

LOL. Obviously you've never read a Consumer Report

"Don't try to describe the ocean if you've never seen it.
Don't ever forget that you may just end up being wrong"

Jimmy Buffet
Manana

The picture of the ferrari didn't tell you anything.

Looks like a F50.

Read it many times and find that alot of the time I don't agree with em.

Read it many times...

Then why do you think they have ads?

Always have said, what is in it for consumer report and who is reflected most in their adds.(sic)

#97 | Posted by moneywar at 2009-04-30 09:43 PM |

I have owned toyotas, nissans, fords, GMs, chryslers and can say without a doubt, the most maintenance was done on the toyotas and nissans.

LOL

In the mid 90's Chrysler was building cars and trucks that people wanted. Mini Vans (Caravan & Town & Country) Neon, The new Dodge Ram. Not counting Redesigns in the Jeep Line. Then Daimler Took over Chrysler thanks to Bob Eaton selling out the workers and the share holders. The rest is history. Labor cost have never been more the a very small percentage of the cost the the car. So haters give it a rest.

Do they not tech (sic) reading comprension where you went to grammar school?

~Goat

Yes, they also TEACH spelling.

LOL.

/Spud's first rule of blog-world is in FULL EFFECT!

Be Well.

/Insert obligatory "spelling nazi" reference in 1... 2... 3...

Be Well.

Consumer Reports and other publications and information services,

Boy oh boy, sounds a lot like a politician but it is the mag.

Obama didn't receive any funds from corporations either...."wink" "wink"

Do they not tech[sic] reading comprension[sic] where you went to grammar school?

#95 | Posted by goatman

Ha! Missed one, Spud.

Spud and Nulli,

Thanks for the 6 but it wouldn't do any good with goatman.

Yes, they also TEACH spelling.

No shit? Most people would have erroneously identified 'tech' as a typo.

BTW, as the blog's worst speller, who are you to criticize a typo?

BTW, you missed another typo in the same sentence above. See if you can find it, zat:

"Do they not tech (sic) reading comprension where you went to grammar school?"

FYI:

wot is not an Englis word. Nor are luff, sommat, kk, etc

Thanks for the 6 but it wouldn't do any good with goatman.

Hey, runnysore -- I'm still waiting to hear the explanation about your Consumer Reports with the ads.

See Spud and Nulli,

What did I say, it wouldn't do any good.

Poor silly null is too dense to recognize a typo, too.

My condolences on your lack of a brain beyond the stem, null

Not too bright are you goatman, went right over your head.

The CR with ads, runnysore?

OK, I'll say it for you. You never read the magazine in your life even though you pretended to. If you did, you would know it has no ads in it.

"Don't try to describe the Ocean if you've never seen it
Don't ever forget that you just may end up being wrong"

Jimmy Buffet
Manana

wot is not an Englis[sic] word. Nor are luff, sommat, kk, etc

#109 | Posted by goatman

For someone who lectures a poster on "reading comprehension" you ought to try proof-reading for a change.

Ok goatman,

I never have one single time ever read consumer mag.

Never ever ever!

For someone who lectures a poster on "reading comprehension" you ought to try proof-reading for a change.

If I was really worried about your opinion on my typos, I'd go get a new keyboard that doesn't require 20 ft/lbs to get a letter to take or I'd start using spellcheck.

But I don't really give a fuck, so I'm not. It's kind of fun to watch you obsess over such petty things like typos, anyway. Makes me realize how much better my life is than yours.

Heeeres a coupple of mooore you can dis me ebout. My partinh geft to u

It still has gone over your head goatman, comprehension is your supposed area of learning.

Never ever ever!

Clearly you never read CR as you claimed to. Because if you had, you would not have said:

Always have said, what is in it for consumer report and who is reflected most in their adds.

Posted by moneywar at 2009-04-30 09:43 PM

(BTW, as long as we are on a spelling spree 'ad' has only one 'd' in this context)

you ought to try proof-reading for a change.

Why waste my time when I have you, zat, and deth do it for me?

Thanks for the proof reading goatman!

wot is not an Englis word. Nor are luff, sommat, kk, etc

KK, Spud luffs it when our resident "Englis" major delivers a dissertation on wot constitutes acceptable spelling on a blog.

The point to Spud's post, oh headbutt-boy, was that you were biatching about someone else's reading "comprension" while apparently unaware of the irony of doing so with shiatty englis yerself.

It's the fact that you are so quick to spot hypocrisy in others while unable to discover it in yerself or others.

"Swallow a camel and strain at a gnat"

That's you, you obstinate ole fool!

The fact that you can't see wot is obvious to so many others is a source or continual amusement to Spud.

Yer sommat else, dude!

LOL!

Be Well.

Always have said, what is in it for consumer report and who is reflected most in their adds.

This was so funny, it bears repeating.

Consumer Reports does not print outside advertising, accept free product samples, or permit the commercial use of its reviews for selling products. Its publisher states that this policy allows the magazine to "maintain our independence and impartiality... [so that] CU has no agenda other than the interests of consumers."[

You'll have to excuse my lack of interest when the worst speller on the DR chastises a typo, deth.

As I said, if I was that bothered, I'd get a new keyboard or use the spellcheck on my google toolbar. But I'm not. Besides (again) the pettiness at pointing out a typo says more about you than it does me. LOL

#124 | Posted by goatman

here hear

Poor union folk, what will they do. Maybe get a job where they are graded on performance, Where employment is based on performance, where salary is based on performance?

Heaven forbid.

Come on Danni...what is a loan to a insolvent company? It certainly isn't something I expect to get paid back. Now for the second part...if they do ultimately declare bankruptcy, is it safe to say that even if we hadn't given them the money, it wouldn't be worse?

#28 | Posted by IraqiBukkake at 2009-04-30 11:46 AM

I'm sure Danni will be along shortly to explain why the money was necessary.

Why do tards like ChickenRancher keep harping on unions like they wrecked the economy?

Funny. Seems Danni has decided to sit this one out. Imagine that.

This got my attention about the GM bailout.

"It is difficult to know where to begin in this ongoing sorry saga, but I will start with the current arrangements that the Obama administration is seeking. In its "New Deal" with GM (which actually managed to be profitable during the Great Depression, ironically), the government will seek a 50 percent ownership, the United Autoworkers 40 percent, and the real owners and bondholders of the company, a mere 10 percent. Perhaps there is some rough justice here, as the entities that are most responsible for the company's demise now will be the primary residual claimants for GM's upcoming losses."

Get the burial site ready for the United Auto Workers. Any private investor would have to be nuts to put their money in this black hole.

A little punk leftist faggot, much dumber than myself, once declared, "Fuck the G-Ride, I want the machines that are makin' 'em."

Of course, that was his oh-so edgy and subtle reference to the central tenet of the Marxism his college sophmore-level of intellect and comprehension told him was a good idea.

And now look who controls the means of production.

Congratulations on your new venture, Zil...err...I mean, Chrysler/Fiat.

Anuybody who thinks Obama is not a Communist sack of shit with designs on fucking up this country with his uninformed, sociology-lab mentality needs to extract their head from their ass, post-haste.

If anyone believes that the bankruptcy judge will put the unions ahead of the bond holders is dreaming. It may look that way right now but the judge can do anything he wants.

Obama's ridiculous speech is just another reason to never NEVER crawl into bed with him or his sleazy Treasury Secretary. Any hedge fund who sees his despicable press conference yesterday, then goes ahead and puts money into Timmy's silly PPIP plan, deserves to lose his investors' money, as he surely will.

Now these 401(k)-holding, shouting-at-the-television-
screen-while-waiting-for-a-
market-miracle citizens are about to find themselves at the other end of Geithner's latest wealth transfer scheme masquerading as a bank bailout, the Public-Private Investment Program. According to this Bloomberg News commentary the scheme is a potential pump and dump scam:

The main premise of Geithner's plan is that the banks' toxic assets are now priced at artificially low levels. As the federal bailout program's Congressional Oversight Panel wrote in an April 7 report, "Treasury has not explained its assumption that the proper values for these assets are their book values," rather than the prices unsubsidized investors would pay for them.

If Treasury's premise proves false, we may end up looking back on the Public-Private Investment Program as an elaborate pump-and-dump game. Only this time, unlike with the pools that sucked in gullible investors during the 1920s, the big losers would be taxpayers who never had the choice of not playing.

Of course, these kind of scams are easier to execute on a 401(k) crowd that has proven they will pay the ransom quickly if held hostage as with the Hank Paulson's three page wealth transfer plan.

maxkeiser.com
pump and dump

To loose Chrysler would be the end of the big horsepower Hemi. This would be a sharp blow to big gas drinking spin your tires horsepower freaks. The history of the Hemi reads like the history of the various racing associations like the NHRA, IHRA, AHRA and many others. A sad day if they can't dig out of their hole.

this is shocking! If only we could have given them MORE bailout money before it happend. At least GM is going to make a go of it RIGHT???

"I am sure management decisions had a lot to do with it but the main reason is the unions."

So management is responsible for 50% of the signatures on the labor contract, and 100% of the other decisions, and it's the fault of the only folks who lived up to their side of the bargain?!?

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