For #3).....Rick Wagoner was politely moved aside due to a right decision.
Utter BS. That is the decision of the BOARD OF DIRECTORS and the STOCK HOLDERS. Period. End of sentence. End of discussion. It is NOT the decision of Obama's administration.
Not trying to be a wiseguy here, but we already left those decisions to the board interested proprietor etc.....And I don't think that it really worked.
Furthermore, then why did the company ASK for money for a bail out?
If they are the recipients of tax dollars then Constitution has little or nothing to do with this matter.
They accepted money (this action implies) that they are compelled to accept some Major Terms.
We are not talking about small change here either <img src="/forums/images/graemlins/zombie.gif" alt="" />
When I go to the bank and get a loan or involve myself in a monetary transaction (I also agree to the terms presented).
The Constitution has little or nothing to do with my legal obligations concerning my conduct in administering financial affairs for a company.
If GM had refused bail out dollars------------------------------------------------------------then I might have seen it ur way Brian.
ref to : #3
I have to say I agree with Hydra here. I doubt Wagoneer or whatever his name is, left with empty pockets and I still suspect he more wanted to leave before the big blow up of GM, than was "fired". The appearance of Obama "firing" the guy was probably intended to give Obama points to his base for taking some decisive action.
Note that Ford did not take the bail out, yet the bail out money was still set aside for them and the government "appears" to be annoyed that Ford is not playing ball and is in fact operating as an indepedent company. That is a little concerning to me. I would think the government should celebrating this fact.
In the end, Ford will probably be the only indepedent quasi American based auto manufacture left. Chrysler is going to end up European owned if it's still exists at all and GM is on it's way to be at least broken up, if not outright owned by someone like the Chinese.
Just like I said would happen several years ago and was promptly laughed at...there are now plans in place to outsource assembly jobs to China and import GM vehicles made in China to the U.S. In fact, one of the largest GM plants in the world is in China right now building Buicks...supposedly for Asians...except capacity at the plant is far more than needed for that market. But it's no longer a conspiracy theory...they're pretty open about the fact that Chinese made GM products will be arrived on our shores within 1 to 2 years.
If you ever wondered what the French felt like when Hitler marched through Paris, you're about to find out. The U.S. as the super power is absolutely done. There's not even a debate about that anymore. The only debate left is whether we'll remain an indepedent sovereign nation at all. And that's going to be pretty hard to maintain when our absolute national bankruptcy becomes more than apparent.
America is a lot like the British Empire. They pretty much collasped, mostly due to economic fall out, in the 1940s and 50s. But like the British, we'll probably be in denial about it for years to come. Heck, some of the British still think they rule the world when they are nothing more than state of the European Union...and that's pretty much going to be our fate. Just a state of a much larger power.
The really bad news is that whatever power that rises to take our place, will probably not be as friendly to our values and interests as we were to the British when we overtook them as the supreme western power.
