Comments on: U.S. Government, UAW to own 89% of General Motors http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html Car news, reviews, and specs for the auto-industry Sat, 11 Feb 2012 00:37:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: masonicangel http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453494 masonicangel Tue, 28 Apr 2009 04:07:44 +0000 http://www.leftlanenews.com/?p=17388#comment-453494 Thank God I'm really liking what ford is doing the past 5 years and into the future 2011 Mustang GT with 5.0 it is then! Thank God I’m really liking what ford is doing the past 5 years and into the future 2011 Mustang GT with 5.0 it is then!

]]> By: DrFill http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453483 DrFill Tue, 28 Apr 2009 03:00:20 +0000 http://www.leftlanenews.com/?p=17388#comment-453483 BK You're just mad that he made a bigger, better bank, in the bigger, better city Don't playa-hate Appreciate! Your President, and mine, said don't compare Jamie Dimon's Chase to the other banks Some businesses are very well-run If you don't know Ask someone who does DrFill BK
You’re just mad that he made a bigger, better bank, in the bigger, better city
Don’t playa-hate
Appreciate!

Your President, and mine, said don’t compare Jamie Dimon’s Chase to the other banks
Some businesses are very well-run
If you don’t know
Ask someone who does

DrFill

]]> By: Michael Shoemaker http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453479 Michael Shoemaker Tue, 28 Apr 2009 02:31:35 +0000 http://www.leftlanenews.com/?p=17388#comment-453479 How much is 39% of a market cap $0? How much is 39% of a market cap $0?

]]> By: Michael Shoemaker http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453478 Michael Shoemaker Tue, 28 Apr 2009 02:29:55 +0000 http://www.leftlanenews.com/?p=17388#comment-453478 Your Comment Your Comment

]]> By: Veda http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453471 Veda Tue, 28 Apr 2009 01:54:58 +0000 http://www.leftlanenews.com/?p=17388#comment-453471 GM owned by the US gov and the same unions that contributed to this mess? Great... I guess the only domestics worth buying are Fords. GM owned by the US gov and the same unions that contributed to this mess? Great… I guess the only domestics worth buying are Fords.

]]> By: Bankruptcy2009 http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453467 Bankruptcy2009 Tue, 28 Apr 2009 00:58:33 +0000 http://www.leftlanenews.com/?p=17388#comment-453467 DrFill are you in the Banking Industry. If so they are the biggest crooks going. If it were'nt for them loaning Mortgage to those who are'nt qualified alot of this mess wouid'nt be as bad. Also, you make it sound as though CEO Jamie Dimon is some patron Saint. He is the biggest Theif going. The Guy went and Sold off the largest Bank in Chicago Bank One to JP Morgan Chase. I have NO USE for that Crook he should be thrown in Jail for doing so. He SUCKS IN MOST CHICAGOANS Who know or care about what has been going on. DrFill are you in the Banking Industry. If so they are the biggest crooks going. If it were’nt for them loaning Mortgage to those who are’nt qualified alot of this mess wouid’nt be as bad.
Also, you make it sound as though CEO Jamie Dimon is some patron Saint. He is the biggest Theif going.

The Guy went and Sold off the largest Bank in Chicago Bank One to JP Morgan Chase. I have NO USE for that Crook he should be thrown in Jail for doing so. He SUCKS IN MOST CHICAGOANS Who know or care about what has been going on.

]]> By: Borat http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453466 Borat Tue, 28 Apr 2009 00:56:59 +0000 http://www.leftlanenews.com/?p=17388#comment-453466 ^^^^^^^^I think it the beginning of USD being worth nothing. ^^^^^^^^I think it the beginning of USD being worth nothing.

]]> By: elviososa http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453464 elviososa Tue, 28 Apr 2009 00:47:24 +0000 http://www.leftlanenews.com/?p=17388#comment-453464 that means the stock of GM worth nothing?? that means the stock of GM worth nothing??

]]> By: DrFill http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453455 DrFill Tue, 28 Apr 2009 00:09:14 +0000 http://www.leftlanenews.com/?p=17388#comment-453455 There's a lot of ignorance on this board I mean more than usual The man who watches my loot, Jamie Dimon (JPMorganChase) hasn't been bought by the government He can't wait to give back the the TARP money he didn't need, and doesn't want SOME banks have government backing Some just put up with the government Handling the banking crisis is no easier than handling the automaker crisis It will take many more months before this is all sorted out. The government will have their hands in more cookie jars, but some businesses are still well run Strangely, Ford might fall under that category Whudda thunk it? DrFill There’s a lot of ignorance on this board
I mean more than usual
The man who watches my loot, Jamie Dimon (JPMorganChase) hasn’t been bought by the government
He can’t wait to give back the the TARP money he didn’t need, and doesn’t want

SOME banks have government backing
Some just put up with the government

Handling the banking crisis is no easier than handling the automaker crisis
It will take many more months before this is all sorted out.

The government will have their hands in more cookie jars, but some businesses are still well run

Strangely, Ford might fall under that category

Whudda thunk it?
DrFill

]]> By: zoomzoomer http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453445 zoomzoomer Mon, 27 Apr 2009 23:24:40 +0000 http://www.leftlanenews.com/?p=17388#comment-453445 Looks like my next American car will be a Ford. Looks like my next American car will be a Ford.

]]> By: desertdriver http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453432 desertdriver Mon, 27 Apr 2009 22:33:35 +0000 http://www.leftlanenews.com/?p=17388#comment-453432 Long Dong Auto: Unions + Government = S-o-c-i-a-l-i-s-m So true! If you think GM is poorly run now.... Like mayer_ray_nagin, the gov't can go #*(< themselves. I can't even imagine what they'll do to the healthcare system once they get their hands on that. Long Dong Auto: Unions + Government = S-o-c-i-a-l-i-s-m
So true! If you think GM is poorly run now….

Like mayer_ray_nagin, the gov’t can go #*(< themselves. I can’t even imagine what they’ll do to the healthcare system once they get their hands on that.

]]> By: mayer_ray_nagin http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453426 mayer_ray_nagin Mon, 27 Apr 2009 22:07:29 +0000 http://www.leftlanenews.com/?p=17388#comment-453426 SJ79 and 400horseSS, a couple things: My house loan is thru a non-TARPed organization that the a-holes in DC haven't yet compelled to be nationalized, but if they do well since I will have the house completely paid off within 7 years of the loan inception (2006) then my money may somehow still go there. I didnt do business at the time with the gov and I never intend to. My banking is also thru a private bank, but unlike a car I consider banking to be generic meaning the services are monkey work at best and I maintain minimal balances and continually transfer the rest to investments. Anyone who banks mostly at a bank is an idiot. I'll be more than happy to forego social security, medicare, and anything else you listed once the government refunds to me now all funds contributed to such things on my behalf, and correspondingly reduces my taxes to only those required maintain my 1/300millionth of our national defense budget and police protection. Then I'll pay tolls on the private roads, buy my goods cheaper, and not support the whole slew of losers in the process. Like I said - no GM vehicles for me ever again. The government (Obama, Mccain, Pelosi, Reid, and the rest of those crapstains in DC) can all lick my butt. Screw them. SJ79 and 400horseSS, a couple things:

My house loan is thru a non-TARPed organization that the a-holes in DC haven’t yet compelled to be nationalized, but if they do well since I will have the house completely paid off within 7 years of the loan inception (2006) then my money may somehow still go there. I didnt do business at the time with the gov and I never intend to.

My banking is also thru a private bank, but unlike a car I consider banking to be generic meaning the services are monkey work at best and I maintain minimal balances and continually transfer the rest to investments. Anyone who banks mostly at a bank is an idiot.

I’ll be more than happy to forego social security, medicare, and anything else you listed once the government refunds to me now all funds contributed to such things on my behalf, and correspondingly reduces my taxes to only those required maintain my 1/300millionth of our national defense budget and police protection. Then I’ll pay tolls on the private roads, buy my goods cheaper, and not support the whole slew of losers in the process.

Like I said – no GM vehicles for me ever again. The government (Obama, Mccain, Pelosi, Reid, and the rest of those crapstains in DC) can all lick my butt. Screw them.

]]> By: b53491 http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453416 b53491 Mon, 27 Apr 2009 21:47:58 +0000 http://www.leftlanenews.com/?p=17388#comment-453416 That's too bad. GM was turning their products around before this. Now Obama gets to finish off the American auto industry along with America... That’s too bad. GM was turning their products around before this. Now Obama gets to finish off the American auto industry along with America…

]]> By: Borat http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453390 Borat Mon, 27 Apr 2009 20:19:27 +0000 http://www.leftlanenews.com/?p=17388#comment-453390 Probably true for 1% of original shareholders and 10% of debt owners. This is called bloodless revolution. Government simply stripped citizenry of their property without any declaration of war. Probably true for 1% of original shareholders and 10% of debt owners. This is called bloodless revolution. Government simply stripped citizenry of their property without any declaration of war.

]]> By: idrinorbarsaku http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453384 idrinorbarsaku Mon, 27 Apr 2009 20:15:57 +0000 http://www.leftlanenews.com/?p=17388#comment-453384 I honestly cant see gm surviving that long. I honestly cant see gm surviving that long.

]]> By: injunraiv http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453382 injunraiv Mon, 27 Apr 2009 20:14:44 +0000 http://www.leftlanenews.com/?p=17388#comment-453382 Well, I guess this is the real end on GM. RIP Well, I guess this is the real end on GM. RIP

]]> By: sj79 http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453371 sj79 Mon, 27 Apr 2009 19:57:00 +0000 http://www.leftlanenews.com/?p=17388#comment-453371 Some banks are partially owned by banks and there is talk of taking more equity in these banks to bolster liquidity since congress wont approve more TARP money. Some existing debt could be converted to equity as with GM so the government will end up with more ownership in these banks. Some banks are partially owned by banks and there is talk of taking more equity in these banks to bolster liquidity since congress wont approve more TARP money. Some existing debt could be converted to equity as with GM so the government will end up with more ownership in these banks.

]]> By: Borat http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453365 Borat Mon, 27 Apr 2009 19:47:48 +0000 http://www.leftlanenews.com/?p=17388#comment-453365 The banks were not owned by government, but along with GM they will be. I have a feeling that we will be told what kind and where to buy houses and who can and can't buy houses. Those who voted along Red states, but reside on water front real estate, will be encourage to get bigger digs, those who voted blue and reside on water front will be advised to relocate into Love Canal area or Lake Erie (same great water source and environment friendly). The banks were not owned by government, but along with GM they will be. I have a feeling that we will be told what kind and where to buy houses and who can and can’t buy houses. Those who voted along Red states, but reside on water front real estate, will be encourage to get bigger digs, those who voted blue and reside on water front will be advised to relocate into Love Canal area or Lake Erie (same great water source and environment friendly).

]]> By: sj79 http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453363 sj79 Mon, 27 Apr 2009 19:35:48 +0000 http://www.leftlanenews.com/?p=17388#comment-453363 no but banks are. If you are against government involement you need to pass up interstate highways, medicare, social security, public schools, airports, Amtrak, FHA loans and many other things. You also need to close your bank accounts, change your mortgage lender and stop using the post office. no but banks are. If you are against government involement you need to pass up interstate highways, medicare, social security, public schools, airports, Amtrak, FHA loans and many other things. You also need to close your bank accounts, change your mortgage lender and stop using the post office.

]]> By: mayer_ray_nagin http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453356 mayer_ray_nagin Mon, 27 Apr 2009 19:00:58 +0000 http://www.leftlanenews.com/?p=17388#comment-453356 new houses are owned by the government? new houses are owned by the government?

]]> By: 400horseSS http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453352 400horseSS Mon, 27 Apr 2009 18:51:53 +0000 http://www.leftlanenews.com/?p=17388#comment-453352 So that also means most of you wont buy a new house, or use a bank either, they're owned by the government too. So that also means most of you wont buy a new house, or use a bank either, they’re owned by the government too.

]]> By: johnnycanuck http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453345 johnnycanuck Mon, 27 Apr 2009 18:34:59 +0000 http://www.leftlanenews.com/?p=17388#comment-453345 Now now kids, I have no idea why you're all getting your panties in a bunch. I have no doubt that your government will watch the proceedings at arm's length, stay out of the day to day operations and offer advice only when asked to do so. Now if you'll excuse me mother's letting me out of the basement so that I can help her herd the cats. Now now kids, I have no idea why you’re all getting your panties in a bunch. I have no doubt that your government will watch the proceedings at arm’s length, stay out of the day to day operations and offer advice only when asked to do so.

Now if you’ll excuse me mother’s letting me out of the basement so that I can help her herd the cats.

]]> By: Long Dong Auto http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453338 Long Dong Auto Mon, 27 Apr 2009 18:03:21 +0000 http://www.leftlanenews.com/?p=17388#comment-453338 GM has now become just another government dept. Perhaps they will establish a cabinet post, "Secratary of Mediocrity" or "Secratary of Ineffiency and Waste" GM has now become just another government dept. Perhaps they will establish a cabinet post, “Secratary of Mediocrity” or “Secratary of Ineffiency and Waste”

]]> By: Borat http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453335 Borat Mon, 27 Apr 2009 17:58:32 +0000 http://www.leftlanenews.com/?p=17388#comment-453335 The next car out of this corporation will be called Lada The next car out of this corporation will be called Lada

]]> By: Long Dong Auto http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453332 Long Dong Auto Mon, 27 Apr 2009 17:56:15 +0000 http://www.leftlanenews.com/?p=17388#comment-453332 Unions + Government = S-o-c-i-a-l-i-s-m Unions + Government = S-o-c-i-a-l-i-s-m

]]> By: mayer_ray_nagin http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453331 mayer_ray_nagin Mon, 27 Apr 2009 17:55:35 +0000 http://www.leftlanenews.com/?p=17388#comment-453331 This means all GM vehicles are now officially off the table for me in the future. I will now buy anything but GM. This means all GM vehicles are now officially off the table for me in the future.
I will now buy anything but GM.

]]> By: status http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453330 status Mon, 27 Apr 2009 17:53:24 +0000 http://www.leftlanenews.com/?p=17388#comment-453330 this is simply not fair to american tax payers. dismantle the company and their sh!t cars and sell them for scrap to pay off their debts. how stupid was it to keep supplying them with BILLIONS of dollars??? and for what? i see general motors being kept on life support for another decade, running up a huge tab that again, will be paid for by the tax payers before someone finally decides to pull the plug. their game is over. poor management decisions spurred by union obligations have made them grossly uncompetitive and a liability to us all. just let them die already. this is simply not fair to american tax payers. dismantle the company and their sh!t cars and sell them for scrap to pay off their debts. how stupid was it to keep supplying them with BILLIONS of dollars??? and for what?

i see general motors being kept on life support for another decade, running up a huge tab that again, will be paid for by the tax payers before someone finally decides to pull the plug. their game is over. poor management decisions spurred by union obligations have made them grossly uncompetitive and a liability to us all. just let them die already.

]]> By: Z06ified http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453329 Z06ified Mon, 27 Apr 2009 17:51:02 +0000 http://www.leftlanenews.com/?p=17388#comment-453329 The bondholders are not going to accept this offer. They would rather take their chances in bankruptcy court, which is ultimately where this will end up - watch. The bondholders are not going to accept this offer. They would rather take their chances in bankruptcy court, which is ultimately where this will end up – watch.

]]> By: oldraven http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453318 oldraven Mon, 27 Apr 2009 17:25:20 +0000 http://www.leftlanenews.com/?p=17388#comment-453318 Ah, TomF posted whilst I was reading replies. Ah, TomF posted whilst I was reading replies.

]]> By: oldraven http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453317 oldraven Mon, 27 Apr 2009 17:24:32 +0000 http://www.leftlanenews.com/?p=17388#comment-453317 Two words. British Leyland. Two words.

British Leyland.

]]> By: TomF http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453315 TomF Mon, 27 Apr 2009 17:21:16 +0000 http://www.leftlanenews.com/?p=17388#comment-453315 Looks like British Leyland circa 1975 to me, and you know what happened to them. Looks like British Leyland circa 1975 to me, and you know what happened to them.

]]> By: oldraven http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453314 oldraven Mon, 27 Apr 2009 17:20:57 +0000 http://www.leftlanenews.com/?p=17388#comment-453314 How could ANYONE think this is a good idea? I'm going back to being a VW guy. This is a bloody joke. How could ANYONE think this is a good idea? I’m going back to being a VW guy. This is a bloody joke.

]]> By: RaineMan http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453309 RaineMan Mon, 27 Apr 2009 17:00:39 +0000 http://www.leftlanenews.com/?p=17388#comment-453309 Well, it's official. GM now stands for GOVERNMENT MOTORS. The Feds already own large stakes in all the major banks... now they are taking the auto manufacturers too. Let me go find my commie flag and red jumpsuit... we are all gonna be working for uncle sam soon. Well, it’s official. GM now stands for GOVERNMENT MOTORS.

The Feds already own large stakes in all the major banks… now they are taking the auto manufacturers too.

Let me go find my commie flag and red jumpsuit… we are all gonna be working for uncle sam soon.

]]> By: Lariat Luxury Locomotive Liner No.3 http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453304 Lariat Luxury Locomotive Liner No.3 Mon, 27 Apr 2009 16:49:24 +0000 http://www.leftlanenews.com/?p=17388#comment-453304 Biggest fiasco in corporate history—government owned/taxpayer bilked corporation. Surprise taxpayers! You get stuck with the bills! Now that's a plan to look forward to paying each and every day of my life and my children's lives. Way to go GM! And to think not one GM exec is really being held accountable for a damn thing. Wagoner is basically asked to retire, whoopee, he has a lucrative retirement package. The only accountability is to the taxpayers. Biggest fiasco in corporate history—government owned/taxpayer bilked corporation. Surprise taxpayers! You get stuck with the bills! Now that’s a plan to look forward to paying each and every day of my life and my children’s lives. Way to go GM! And to think not one GM exec is really being held accountable for a damn thing. Wagoner is basically asked to retire, whoopee, he has a lucrative retirement package. The only accountability is to the taxpayers.

]]> By: Madcapp http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453302 Madcapp Mon, 27 Apr 2009 16:47:35 +0000 http://www.leftlanenews.com/?p=17388#comment-453302 Wow, its too damn bad Wagoner and his board of bystanders were allowed to stay asleep at the switch, stuff their poscket full of loot, and ride GM straight into the ground. Wow, its too damn bad Wagoner and his board of bystanders were allowed to stay asleep at the switch, stuff their poscket full of loot, and ride GM straight into the ground.

]]> By: Bankruptcy2009 http://www.leftlanenews.com/us-government-uaw-to-own-89-of-general-motors.html#comment-453301 Bankruptcy2009 Mon, 27 Apr 2009 16:46:46 +0000 http://www.leftlanenews.com/?p=17388#comment-453301 That is a scary though That 89% of GM is controlled by two parties that are known for bungling things. The Federal Government with 50% and UAW with 39%. can you imagine GM being runned by Barney Frank lol. I can't imagine it, but who knows what will happen in that kind of scenario. I think for the most part that is not a good thing. The ones that shoulld own the company or any company for that matter. Is the employees. I feel for them. GM should be owned by its employees. IF the government turns over their share to the employees then maybe GM would be a company that could do things right for a change. That is a scary though That 89% of GM is controlled by two parties that are known for bungling things. The Federal Government with 50% and UAW with 39%. can you imagine GM being runned by Barney Frank lol. I can’t imagine it, but who knows what will happen in that kind of scenario. I think for the most part that is not a good thing. The ones that shoulld own the company or any company for that matter. Is the employees. I feel for them. GM should be owned by its employees. IF the government turns over their share to the employees then maybe GM would be a company that could do things right for a change.

]]>