Showing posts with label General Motors. Show all posts
Showing posts with label General Motors. Show all posts

Wednesday, June 3, 2009

Pravda: American capitalism gone with a wimper

(From Pravda, Russian State News)

By: Stanislav Mishin

It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.

True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists.

Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters.

First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their "right" to choke down a McDonalds burger or a BurgerKing burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our "democracy". Pride blind the foolish.

Then their faith in God was destroyed, until their churches, all tens of thousands of different "branches and denominations" were for the most part little more then Sunday circuses and their televangelists and top protestant mega preachers were more then happy to sell out their souls and flocks to be on the "winning" side of one pseudo Marxist politician or another. Their flocks may complain, but when explained that they would be on the "winning" side, their flocks were ever so quick to reject Christ in hopes for earthly power. Even our Holy Orthodox churches are scandalously liberalized in America.

The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America's short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe.

These past two weeks have been the most breath taking of all. First came the announcement of a planned redesign of the American Byzantine tax system, by the very thieves who used it to bankroll their thefts, loses and swindles of hundreds of billions of dollars. These make our Russian oligarchs look little more then ordinary street thugs, in comparison. Yes, the Americans have beat our own thieves in the shear volumes. Should we congratulate them?

These men, of course, are not an elected panel but made up of appointees picked from the very financial oligarchs and their henchmen who are now gorging themselves on trillions of American dollars, in one bailout after another. They are also usurping the rights, duties and powers of the American congress (parliament). Again, congress has put up little more then a whimper to their masters.

Then came Barack Obama's command that GM's (General Motor) president step down from leadership of his company. That is correct, dear reader, in the land of "pure" free markets, the American president now has the power, the self given power, to fire CEOs and we can assume other employees of private companies, at will. Come hither, go dither, the centurion commands his minions.

So it should be no surprise, that the American president has followed this up with a "bold" move of declaring that he and another group of unelected, chosen stooges will now redesign the entire automotive industry and will even be the guarantee of automobile policies. I am sure that if given the chance, they would happily try and redesign it for the whole of the world, too. Prime Minister Putin, less then two months ago, warned Obama and UK's Blair, not to follow the path to Marxism, it only leads to disaster. Apparently, even though we suffered 70 years of this Western sponsored horror show, we know nothing, as foolish, drunken Russians, so let our "wise" Anglo-Saxon fools find out the folly of their own pride.

Again, the American public has taken this with barely a whimper...but a "freeman" whimper.

So, should it be any surprise to discover that the Democratically controlled Congress of America is working on passing a new regulation that would give the American Treasury department the power to set "fair" maximum salaries, evaluate performance and control how private companies give out pay raises and bonuses? Senator Barney Franks, a social pervert basking in his homosexuality (of course, amongst the modern, enlightened American societal norm, as well as that of the general West, homosexuality is not only not a looked down upon life choice, but is often praised as a virtue) and his Marxist enlightenment, has led this effort. He stresses that this only affects companies that receive government monies, but it is retroactive and taken to a logical extreme, this would include any company or industry that has ever received a tax break or incentive.

The Russian owners of American companies and industries should look thoughtfully at this and the option of closing their facilities down and fleeing the land of the Red as fast as possible. In other words, divest while there is still value left.

The proud American will go down into his slavery with out a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snicker.


IN THE NEWS:
Pravda: American capitalism gone with a wimper

Chavez says Obama is more left-wing than Castro

Venezuelan Dictator Hugo Chavez, a socialist, is proud President Barack Obama for taking over General Motors. He is now saying that Obama is more left-leaning than the Fidel Castro, the former Cuban dictator. Chavez is happy that capitalism is crumbling in America.

IN THE NEWS:
Reuters: Venezuela Chavez says "Comrade" Obama more left-wing

Monday, June 1, 2009

Obama dictates future of "New GM" will have sacrifices


The new man in charge of the new General Motors is President Barack Obama. He dictated this today to the General Motors employees. Socialism is officially here in the automotive world. The America we knew is officially over. The "New GM" is "Government Motors."

IN THE NEWS:
The Wall Street Journal: GM Files for Bankruptcy Protection

Yesterday's NEWS:
Associated Press: White House: General Motors to file for bankruptcy
Bloomberg: GM to Name Al Koch to Top Restructuring Position, WSJ Reports

Thursday, May 28, 2009

Visteon files for Chapter 11, GM awaits its own fate

A former Ford Motor Company subsidiary has filed for Chapter 11 bankruptcy protection today. Visteon Corp. has been struggling with reduced demand from automakers as they have planned extended plant shutdowns this summer. Visteon is as important to Ford as Delphi Corp., is to General Motors.

Speaking about General Motors, or should I say Government Motors, it is planning to file for Chapter 11 bankruptcy protection in the next coming days. It will join Chrysler, LLC. in that feat. In the proposed GM deal at this time, bondholders representing $27 billion in debt would be offered 10 percent of a reorganized GM, according to Reuters. The rest of the deal is: U.S. Treasury would own 72.5 percent and the United Auto Workers would own 17.5 percent of the new GM.

Socialism is here to stay. The government is beginning to own everything.

Meanwhile, Press Secretary Robert Gibbs says that GM shareholders must sacrifice if the automaker is going to survive:


IN THE NEWS:
Associated Press: Visteon files for Chapter 11 bankruptcy protection
Reuters: GM makes new bondholder offer ahead of bankruptcy

Thursday, May 14, 2009

Chrysler, GM announce cut of dealerships

So first Chrysler was told to not have as many television commercials. Now, Chrysler and General Motors (ah hem, Government Motors) are cutting dealerships. Chrysler alone is cutting 25 percent of its U.S. dealers. For a company in bankruptcy, it is going to be even tougher to get out of this bankruptcy and even to make a profit when out of bankruptcy. The first question is, where can you buy a Chrysler car?

The government is just making it tougher.

IN THE NEWS:
Reuters: Chrysler to terminate 25 percent of U.S. dealers
Associated Press: Chrysler moves to eliminate 789 of 3,200 dealers

Wednesday, April 29, 2009

DAY 100: Media underhands softball questions to Obama


President Barack Obama circled the questions, and they weren't that difficult. He had a prepared list on who he was going to allow to ask those questions too. He only allowed the liberal media to speak, and then lastly, The Wall Street Journal.

Apparently, BET is more newsy than Fox News Channel. Fox's Major Garret sat in the front row, right in front of Obama and he just looked right over him. Apparently, tonight was easy questions night.

BET is owned by CBS, and CBS News was allowed to ask a question. So they get two chances?

The question of the night was from the New York Times, just watch and listen, and laugh.

I see why Fox network didn't air this. It was a joke. It wasn't a press conference, it was a speech. Nothing was answered, he just ran around the questions and smiled and said, uh, uh, uh, hmmm, and added some good phrases along the way.

Nothing was asked about why that plane flew over New York City. Little was said about the budget passed by Congress today. Little was said about Chrysler and General Motors. All he did was circle around.

Limbaugh was right about future of GM, Chrysler

CLICK BELOW FOR LINK
Rush Limbaugh: See, I Told You So: Obama gives majority state at Chrysler

If you are a Rush 24/7 subscriber you can listen to the audio.

U.S. Government, UAW to take control of GM and Chrysler; Treasury attacks Delphi

Today was a sad day in the American automobile industry. General Motors might as well officially change its name to Government Motors because it is the government who has the controlling stake in the company. For Chrysler, the proposed plan is that the United Auto Workers union would have the controlling stake of this company.

Here are the numbers, according to The Wall Street Journal:

General Motors
United States of America: 50 percent (or more)
United Auto Workers: 39 percent
Private Sector: 11 percent (or less)

Chrysler LLC
United Auto Workers: 55 percent
FIAT: 35 percent
Chrysler's secured lenders: 10 percent

GM will also eliminate or attempt to sell its Pontiac, Hummer, Saturn and Saab brands. It's official, Pontiac is dead, what will happen to the rest?

Chrysler will end its association with Daimler and become independent of Serberus. I wonder what will happen to CEO Robert Nardelli? The Chrysler deal may become a reality tomorrow (Wednesday) if its workers agree to the deal to save the company.

In other news, the U.S. Treasury blocked moves by General Motors to increase payments to its former parts subsidiary Delphi Corp., and to acquire the suppliers steering division, according to the Detroit Free Press. This rejection may have as well been the final nail in the coffin for Delphi. The plan was to add more than $150 million to Delphi from GM and was to keep Delphi operating through May.

There may be some good news for the bankrupt Delphi. If it does end operations, GM could just buy up the Delphi plants, but that has to have the approval of the government. So that may not happen either.

Thanks Team Obama! Change we can believe in! Death to the Automobile Industry! Death to those UAW voters who put you into office. You used them, and now you'll just blame Bush and "hope" to get re-elected.

I wonder how the government can run GM and how the UAW can run Chrysler? Is it possible for a union to be the boss and still be the union at the same time? What cars can be built with these controlling bodies? This could be a recipe for disaster.

IN THE NEWS:
The Wall Street Journal: Control of GM Would Create Conflicts for Government
The Wall Street Journal: UAW to Get 55 Percent Stake in Chrysler for Concessions
The Washington Post: Chrysler Creditors Agree to Deal With Treasury
Detroit Free Press: Treasury said no to GM-Delphi deals
The Washington Post: GM's New Road Map: Partial Nationalization

Friday, December 12, 2008

Auto bailout dies in U.S. Senate

I am not sure what to think. I want to save America's automotive jobs in case the companies fail. Bankruptcy is just a reorganization. But what if they can't figure out how to save themselves?

General Motors is in the worst shape. They could go bankrupt next week. Then comes Chrysler LLC. They could go bankrupt by Jan. 1. Ford says they are ok, but are they?

The Big Three need to do something new. But what? Who is buying cars these days? Only the car buyer can save the automotive industry. I guess for now the answer is to build fewer cars and see what happens.

Below is a C-Span video when the vote was finalized. It is with the courtesy of YouTube.

Tuesday, December 2, 2008

Big 3 Ask For Money: Part Deux

It looks as though Detroit's "Big Three" have a plan now. At least it includes not flying to Washington on private jets. Instead, the chairmen of General Motors, Ford and Chrysler will be driving themselves from Michigan to D.C. in their latest hybrid automobiles. That's a start. It's better than flying, but still, hybrids aren't exactly cheap vehicles, but they do get better gas mileage, I suppose.

Ford Motor Company says they are in the best shape of the three. At least that's what they say now, yet, they still want a loan. Go figure. Chrysler, LLC also wants a loan, but they wont say what kind of shape they are in. Now, the big behemoth, you know, the company that is too big to fail, General Motors is acting like the end of the world is near.

Ford says they will cut the number of dealerships and even the chairman said he would work on a $1 salary.

And now the UAW is saying that if GM does not get a loan soon, the company will go bankrupt before Christmas.

What can be done? I don't think the fault of all this is solely because the "Big Three" are unionized. That's a part of it, but not all. It all goes up to the higher management. Will they fix the companies? Probably not, but a federal loan will help, but for how long?