Rick Wagoner and GM...

[coadie]

Originally Posted by Ferd

I dont mean to be crass here Barb. I am sorry you are in this situation and I certainly dont want to seem to not be considerate of the situation you are in.

my fear is that the strings attached to "this money" is vastly more dangerous to your long term employment opertunities than the current econoimc crisis that GM finds itself in.

At the end of the day, when any business requests the governments help, they can expect the government to require a shakeup at the top. That happened with AIG and several other financial institutions that have been taken over by the government. There is no shock in it happeing at GM.

That doesnt mean its a good thing. As CC1 points out, Wagoner just might have been the guy to bring GM roaring back from the brink.

time will tell. I hope you stay employed and everything works out well.


I also hope Barak Obama has a U-Haul outside the white house in 4 years.

I read a summary of Obama's speech. Barb this is not emotional, it is fact. He mentioned several mandates or changes and for some reason said nothing about labor or the union.

Hitler was the first dictator to get into car manufacturing. The Peoples car or folks wagon.

Obama has no experience running even a candy store with a cash register. He may well be the last person on the planet qualified to build cars. I for one will go with ford, Toyota or Nissan first. I had money in a Chrysler dealership long ago. Family still has money in a full line GM dealership. Obama will be the first to cheat his way out of wagoners golden parachute.

As Fiat has prospered, the value of Libya's stock in the company has multiplied to an estimated $2.5 billion. Not surprisingly, Libya has no interest in ridding itself of what has proved to be a very good investment. Says Agnelli: "We have offered to buy, but they won't sell." Adds Roberto Nicolello, Fiat's chief of public affairs: "We're handcuffed. The Libyans are not interested in selling for one simple reason: Where can they put this money? No one will accept $1 from Gaddafi these days."

Muslims can drive the Dodge Prowler.

[coadie]

http://www.youtube.com/watch?v=T1DEG...layer_embedded

[commonfaith]

Originally Posted by CC1

Barb,

To Coadie's point - you might not like Rick Wagner but just wait until Obama makes GM put some urban Community Organizer or Union Thug as the CEO!

Or more likely some college professor who has never workeda day in his life in the real world.

What's with the "Union Thug"? Ever been a dues payin member, or you just throw those desparigin remarks out because you heard em on PTL or somethin? Am currently a dues payin member of UAW Local 2406, Memphis, Tn. Finest group of people you'll ever see. For an administrator thug you're pretty self assuming, huh?

[coadie]

Originally Posted by commonfaith

What's with the "Union Thug"? Ever been a dues payin member, or you just throw those desparigin remarks out because you heard em on PTL or somethin? Am currently a dues payin member of UAW Local 2406, Memphis, Tn. Finest group of people you'll ever see. For an administrator thug you're pretty self assuming, huh?

Obama is not a member of the Board of directors of GM. He made a ruling that is not in the corporate bylaws of GM. The union contracts at GM are binding to the company. At any time. Obama can also toss them aside and do whatever he wants. The chariman was fired but not by a formally called and legally held meeting of the board of directors. This is how C chavez works.

GM is on the way to the graveyard. Obama will ruin it into the ground and then will without congress do a carbon tax that will finish killing it.

[CC1]

Originally Posted by commonfaith

What's with the "Union Thug"? Ever been a dues payin member, or you just throw those desparigin remarks out because you heard em on PTL or somethin? Am currently a dues payin member of UAW Local 2406, Memphis, Tn. Finest group of people you'll ever see. For an administrator thug you're pretty self assuming, huh?

My dad was a Teamster until the day he died and my son has been a union member since he was 10 years old. I am very familiar with unions.

[pelathais]

Originally Posted by Barb

I disagree with you both...

In my opinion, getting rid of Wagoner is the wise thing to do. His stupid remark alone to the Free Press was enough to oust the man.

It showed insensitivity at it's highest level...how unfeeling to say such a thing when there are people, like my widowed mother, who are striving to make it on their husband's pension.

Or blue collar workers who take care of their families day to day, and send their kids to college on far less than the one mill Wagoner said he can't live on.

Wouldn't you say that it was just a bad attempt at humor? Insensitive, yes... but it also speaks a lot about the high costs of college. I've got a kid in college too as well as a nephew with a single mom (my sister) plus my wife is in college. (whew!)

Originally Posted by Barb

And regarding Obama...I did not vote for him, BUT he is now our president, and my prayers are with him.

I do not believe he is a destroyer. He came into a mess, and is trying to do all he can. His decisions won't please everyone, but if he gave Wagoner the boot, I'm with him.

Most of the "mess" was made by Obama's party and their activities. Bush shares some blame - like for NOT replacing Clinton's SEC chief who was supposed to be watching Wall Street.

Instead, Bush wanted a "new era of bipartisanship." He kept Clinton's US Attorney's - that cost him. He kept Clinton's SEC - that cost all of us. He kept the Fannie Mae and Freddie Mac fiasco intact and that doomed our credit and financials. He kept Clinton's CIA appointees and they tried to organize a coup with the Valerie Plame affair.

Obama "inherited" a "real mess" alright. One from 1999, that Bush was too preoccupied to deal with.

[coadie]

The college cost. Of course the liberals want illegals to get reduced tuition.

[CC1]

Originally Posted by coadie

The college cost. Of course the liberals want illegals to get reduced tuition.

Yup. It just drives me nuts that many Colleges and Universities are giving illegal aliens in state tuition where if my son legally went to that state seeking to attend those institutions he would be charged out of state tuition.

[Barb]

Originally Posted by pelathais

Wouldn't you say that it was just a bad attempt at humor? Insensitive, yes... but it also speaks a lot about the high costs of college. I've got a kid in college too as well as a nephew with a single mom (my sister) plus my wife is in college. (whew!)

Most of the "mess" was made by Obama's party and their activities. Bush shares some blame - like for NOT replacing Clinton's SEC chief who was supposed to be watching Wall Street.

Instead, Bush wanted a "new era of bipartisanship." He kept Clinton's US Attorney's - that cost him. He kept Clinton's SEC - that cost all of us. He kept the Fannie Mae and Freddie Mac fiasco intact and that doomed our credit and financials. He kept Clinton's CIA appointees and they tried to organize a coup with the Valerie Plame affair.

Obama "inherited" a "real mess" alright. One from 1999, that Bush was too preoccupied to deal with.

No, I do not...

[TJJJ]

Originally Posted by Barb

For the millions of retirees worldwide, I pray you are wrong.

Probably not wrong.

I just recieved a daily update from my investment advisement club. They are saying that pensions are going to be the next thing to get hit.