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View Full Version : We Are All Fascists Now -- GM CEO resigns at Obama's behest




Johnnybags
03-29-2009, 03:54 PM
Obama is gonna hand over more newly printed FED notes to GM and Chrysler but Rick must go. Unreal, the union auto workers get full pay from the non union and unemployed workers. I say let em fail and rebuild in bankruptcy.

Lucille
03-29-2009, 04:05 PM
GM CEO resigns at Obama's behest (http://bit.ly/1rc83)


The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said.

On Monday, President Obama is to unveil his plans for the auto industry, including a response to a request for additional funds by GM and Chrysler.

Wagoner’s resignation was one of the remarkable strings attached to the new aid package the administration is offering GM, based on recommendations from the Presidential Task Force on the Auto Industry, headed by the Treasury Department.

The White House confirmed Wagoner was leaving at the government's behest after The Associated Press reported his immediate departure, without giving a reason.

[...]

Industry sources had said the White House planned very tough medicine in Monday's announcement, which turned out to be an understatement. And it went to the very top. The measures to be imposed by the government will have a dramatic effect on workers, unions, suppliers, bondholders, shareholders, retirees and the communities where plants are located, the sources said.

This is sickening... Truly fucking sickening. His fascist supporters probably love it.

What the hell has happened to my country?!

Related: Progressive Corporatism and the Resistance (http://econlog.econlib.org/archives/2009/03/progressive_cor_1.html)


Perhaps a more timely book to read than even Hayek would be Mises's Omnipotent Government and in particular the sections on the German economic model of national socialist policy. Our current policy path seems more along those lines, [rather than] outright expropriation of private property by the government. In the German model, Mises argued, private ownership was nominally maintained and the appearance of normal prices, wages and markets was kept. But in reality entrepreneurs were replaced by government-appointed shop managers, and the government dictated how the "capitalist" must use his funds and what wages workers must work for. Government effectively controlled production and distribution.

LibertyEagle
03-29-2009, 04:08 PM
Maybe if we act Obama to step down, he will.

Think I'm goin' to try it. :D

Spike
03-29-2009, 04:10 PM
If the government is keeping GM alive by injecting capital into it, then why not fire the CEO who was in his own way responsible?

Don't get me wrong, the government should never have bailed out GM but instead let it fail. But if taxpayer money is being used to prop up GM stock then at least get rid of a few guys.

Zera
03-29-2009, 04:18 PM
I wonder if China would like to buy GM, considering the government is soon going to own it. Perhaps that could pay off some debt.

invisible
03-29-2009, 04:26 PM
We need to push back on this, and hard. How about sending the message:

You Bail = They Fail!

If they get bailed out, we boycott them and force them out of business anyways. We'll take our business elsewhere. Another phone / fax bomb to our Congressional reps. Youtube videos. Make it go viral. It seems that even the average Joe Sixpack has had enough of this bailout crap, so if we make a big enough stink about it, we could very well make it stick. It would be great if we could actually use the power of the free market to back Obomba down! Anyone else think this is a good idea?

lynnf
03-29-2009, 04:27 PM
Maybe if we act Obama to step down, he will.

Think I'm goin' to try it. :D


need to get Rick Waggoner to now say ... "Obama, it's your turn (to resign)"


lynn

Cowlesy
03-29-2009, 04:29 PM
There wasn't much Wagoner could do in shoving the union around for as long as he had been there. I honestly thought he did what he could, but it is attune to being captain of the Titanic...you just aren't going to win.

The only reason a super wealthy guy like Wagoner stayed on there was he saw a chance to undertake a huge achievement in saving one of American's iconic businesses. Guys like him certainly don't do it for the money...you could argue for the power, but GM has been a wounded duck for quite a while.

With whom is our Dear Leader going to replace him?

He Who Pawns
03-29-2009, 05:00 PM
Are they still trying to delay bankruptcy?????????????

That would be the best thing ever for GM.

wgadget
03-29-2009, 05:11 PM
The latest is that the O administration "asked him to step down."

Big news coming tomorrow, purportedly.

http://www.politico.com/news/stories/0309/20625.html

TruckinMike
03-29-2009, 05:12 PM
Rick Wagoner stepping down at General Motors (http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20090329/rick_wagoner_090329/20090329?hub=TopStories)

Updated Sun. Mar. 29 2009 7:10 PM ET

CTV.ca News Staff

General Motors chief executive Rick Wagoner is stepping down immediately at the behest of the White House, government sources said Sunday evening.

The news came a day before U.S. President Barack Obama prepares to announce plans to further help the struggling Detroit automakers restructure their finances.

It's expected that Obama's plans to reshape the companies will go much deeper than expected, and will increase Washington's role in what will likely be a painful process.




EDIT: OOPs.. same thread topic at http://www.ronpaulforums.com/showthread.php?t=186277



TMike

MrNick
03-29-2009, 05:13 PM
Obama is gonna hand over more newly printed FED notes to GM and Chrysler but Rick must go. Unreal, the union auto workers get full pay from the non union and unemployed workers. I say let em fail and rebuild in bankruptcy.

How do you know they are going to print money for this? I've often wondered how much of all these bailouts are printed and what is from money they already had.

wgadget
03-29-2009, 05:18 PM
How do you know they are going to print money for this? I've often wondered how much of all these bailouts are printed and what is from money they already had.

They don't already "have" ANY money...

MrNick
03-29-2009, 05:25 PM
They don't already "have" ANY money...

Well what about the money they get from selling treasuries and taxes, how do we know what amount is from that and what amount is from printing?

Johnnybags
03-29-2009, 05:30 PM
Well what about the money they get from selling treasuries and taxes, how do we know what amount is from that and what amount is from printing?

And every new surprise is more deficit spending. The FED is buying our Treasuries now, a good portion, but its either debt or printing. Will not be long now before the rest of the world just cannot support us. Anyone think our #3 debt buyer UK is in any position to buy more? I doubt it, they cannot sell their own. Uncle Ben is printing more money than we can imagine, probably why Obama told the banksters Friday to use stock options for compensation.

Cowlesy
03-29-2009, 05:31 PM
merged 3 Wagoner threads.

He Who Pawns
03-29-2009, 05:57 PM
Obviously this is another distraction. They knew they could not steal another 20 trillion away from taxpayers unless "heads rolled." But it's all a distraction.

angelatc
03-29-2009, 06:21 PM
Ford might as well close up shop right now. No way can they compete with all the subsidies.

klamath
03-29-2009, 08:35 PM
If the government is keeping GM alive by injecting capital into it, then why not fire the CEO who was in his own way responsible?

Don't get me wrong, the government should never have bailed out GM but instead let it fail. But if taxpayer money is being used to prop up GM stock then at least get rid of a few guys.

You know what, Obama was part of the government when all this came about. What do we say we ask him and the rest of the politicians to step down because they are asking our chilidren and grand children to pay for this.

Dripping Rain
03-29-2009, 08:40 PM
Maybe if we act Obama to step down, he will.

Think I'm goin' to try it. :D

+1
yesssssssss

Bossobass
03-29-2009, 09:05 PM
Well what about the money they get from selling treasuries and taxes, how do we know what amount is from that and what amount is from printing?

You're jokin', right?

National debt is over $11 Trillion. It's growing $1 million every 10 seconds. Interest payments alone are approaching $500 Billion a year.

All collected taxes plus proceeds from Treasuries sales (and buyers for these are evaporating) is exceeded by hundreds of Billions in deficit spending every year...this year by thousands of Billions.

Get ready to have your 401k confiscated to repay debt.

Bosso

MrNick
03-29-2009, 11:08 PM
You're jokin', right?

National debt is over $11 Trillion. It's growing $1 million every 10 seconds. Interest payments alone are approaching $500 Billion a year.

All collected taxes plus proceeds from Treasuries sales (and buyers for these are evaporating) is exceeded by hundreds of Billions in deficit spending every year...this year by thousands of Billions.

Get ready to have your 401k confiscated to repay debt.

Bosso

So the majority has been printed? I ask because I don't know how much taxes are collected each year and how much borrowing we've done since the first TARP. I have a lot to learn. I wish there was a chart to show how much taxes and borrowing happened since this started and then how much money was printed(or created) since then.