2020...

Lion Eyes said:
I said Bush approved the bailout a couple a weeks ago. Never said otherwise. Bush approved loaning GM money. Obama took over GM. See the difference?
What you ignore is that Obama rejected the reorganization plan submitted by GM, and in unprecedented action, fired the CEO and put stipulations on GM, including among other things, ordering the manufacture of the Chevy Volt.
"In an extraordinary move, the administration forced the departure of Rick Wagoner as CEO of General Motors over the weekend, and implicit in Obama's remarks was that the government holds the ability to pull the plug on that company or Chrysler."
You also ignore, according to US News & World Report, "the so-called bailout of Chrysler and GM was more about saving the once all-powerful United Auto Workers' union than it was about bringing the companies back to profitability"....
Click to expand...
The feds don’t have that power. Unless you’re saying that such power was given as part and parcel of Bush’s loan?
 
messy said:
The feds don’t have that power. Unless you’re saying that such power was given as part and parcel of Bush’s loan?
Click to expand...
Obama on power in DC: "I've got a pen, and I've got a phone."
Right...Bush said "Hey Barry, if you don't like the reorganization submitted by GM, just fire the CEO and you decide what is right and proper, then have the government run the company as you see fit."

"In an extraordinary move, the administration forced the departure of Rick Wagoner as CEO of General Motors over the weekend, and implicit in Obama's remarks was that the government holds the ability to pull the plug on that company or Chrysler."
 
Funny how whenever the TRUTH is coming out in large
quantities those " Spam " posts pop up to ruin the momentum
or the Forum site completely.....
 
Lion Eyes said:
Obama on power in DC: "I've got a pen, and I've got a phone."
Right...Bush said "Hey Barry, if you don't like the reorganization submitted by GM, just fire the CEO and you decide what is right and proper, then have the government run the company as you see fit."

"In an extraordinary move, the administration forced the departure of Rick Wagoner as CEO of General Motors over the weekend, and implicit in Obama's remarks was that the government holds the ability to pull the plug on that company or Chrysler."
Click to expand...
Do you mean that Bush and GM agreed in the initial loan that the government would have such power? Thanks for letting me know!
 
messy said:
Do you mean that Bush and GM agreed in the initial loan that the government would have such power? Thanks for letting me know!
Click to expand...
I'm letting you know you're a lying sack of shit...
You don't want to have a conversation, you want to be a half wit...
Carry on.
 
Lion Eyes said:
I'm letting you know you're a lying sack of shit...
You don't want to have a conversation, you want to be a half wit...
Carry on.
Click to expand...
How so, stupid? Bush loaned the money. Loans are usually in contract form. You think Obama just exercised rights that the federal government doesn't have over a business? Connect the dots, dummy.
I don't even know, but I have the power of deductive reasoning to recognize that Obama must have been acting under the authority granted to the Feds in the Bush bailout loan.
What is with you people? You and Iz and Multi are so incredibly unsophisticated...I should hold a seminar, fer crissake.
 
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