Originally Posted by Franc Rauscher

The government should have thought of that before they forced the banking industry to give subprime mortgages to 3,000,000 people who couldn't make the payments.

Or before they banned domestic offshore oil drilling and forced the price of oil to $140.00 a barrel so our enemies could pull $700 billion dollars out of outr country every year.

Have you read any of Barrack Obamas books? This is the stuff he suggested and he believed would make a better society. Did you think he was kidding?
His redistribution of wealth isn't based on just taking money from the rich. His core belief is that our society would be better and more fair with a centralized control of the economy.

Obviously, he controls the banks now. He sent them piles of money, some $ 1.7 trillion, which somehow has not trickled down to the folks who need
it. Now he is extorting control over the auto industry for what, a mere $75 billion in loan garrantees.

Why can't the banks he filled up with money last month, loan money to GM and Chrysler? Any other down turn in auto sales, they would have borrowed against credit lines and gone forward. Couldn't do it this time because the banks were locked up with Barney Franks follies and chris Dodds friends over at AIG. Why can't they?

Because Obama said NO!

GM won't go bankrupt. It is the last thing Obama wants. They will go under as a car manufacturing company but if bankruptcy happens, the union is out. I predict he will keep it out of bankruptcy but disfunctional. We the taxpayers will see to it that the union workers get their pay. At the very least in the job banks. The board will get vilified, fired and replaced a few times but if the company has to cow tow to Washington to do anything.....they are finished.

GM will twist in the wind until we can't stand the pethetic sight of it or the smell.


roadster with a stick

roadster with a stick