Arnold Hypothesizes POTUS Told U.S. Automakers To Go Along With New Enviro Regs for Federal $

Auhnold in a clown car, the image would be priceless.

Arnold is incompetent and he should resign. Why anybody thought that an uneducated actor whose resume consists of saying “I’ll be back” could run the fifth largest economy in the world is beyond me.
Now he’s trying to remake himself as an environmentalist in an attempt to keep the support of the wealthy in CA who really only care about the environment, animal rights, etc. You know, things that have little or nothing to do with those icky miidle class and poor people.

Arnold told the truth. Gibbs lied.

So what’s the BD? Does anyone really think there are no strings attached to billions of dollars in bailout? There SHOULD be concessions made to get the money. So this is a story, why?

Do we get to wear sweaters soon and wait in gas lines, like we did in the Carter Administration? I am feeling nostalgic for the Yugos I so remember from high school.

Well, with Bam and the Unions at the controls, at least we’ll finally get to see that infamous 100-mile/gal. engine we’ve always heard the industry fat cats were sitting on all these years. Power to the people! Where’s Preston Tucker when we need him?

I had a 1200cc safety orange corolla, 1973 model.. a 4 speed, no a/c, am radio.. I loved that car.

Arnold left his home state today to go back for this ridiculous photo-op. When he returns he will discover that in his absence the voters of this state lowered his trousers and ended his career. I can’t wait to watch the returns tonight.

Looks like the taxpayers are paying all GM debt in full, through a dummy corportation, forgiving all the billions in bailout, and then giving the company to the UAW and some other undesignated bondholders.
Bend over taxpayers Obama just bought himself a heap of political support at your expense! Of course the jobs are still going to China.
Read a partial of the article from Reuters below. I am sure you won’t find it on US media outlets:
NEW YORK, May 19 (Reuters) – General Motors Corp’s (GM.N) plan for a bankruptcy filing involves a quick sale of the company’s healthy assets to a new company initially owned by the U.S. government, a source familiar with the situation said on Tuesday.
The source, who would not be named because he was not cleared to speak with the media, did not specify a purchase price. The new company is expected to honor the claims of secured lenders, possibly in full, according to the source.
The remaining assets of GM would stay in bankruptcy protection to satisfy other outstanding claims.
GM has about $6 billion in secured debt, including a secured revolving credit and bank debt.
The government’s plans include giving stakes in the new company to GM’s union and bondholders, although the ownership structure of the company is still being negotiated, said the source who is familiar with the company’s plans.
In addition, the government would extend a credit line to the new company and forgive the bulk of the $15.4 billion in emergency loans that the U.S. has already provided to GM, the source said.
———
This is just too much. If they have actually set up this dummy corporation to do this and pay off the unions IT IS IMPEACHMENT TIME.
THIS IS THE MOST OPENLY CORRUPT ADMINISTRATION EVER.

“Arnold left his home state today to go back for this ridiculous photo-op. When he returns he will discover that in his absence the voters of this state lowered his trousers and ended his career.”
Arnold was term limited and unlikely to contend for either Senate spot.
His elected career was likely over regardless of today’s vote.
Meanwhile at the back at Clown College:
“I had initially thought that the RNC sources complaining to the Washington Times about the salaries of new staffers under Michael Steele were engaging in typical carping and office politics, but some of the numbers are pretty eye-opening: “[Belinda] Cook, Mr. Steele’s personal assistant, earned $7,134.66 for the month, after withholding for federal and state taxes, which would amount to $85,615.92 over 12 months. The person who held the same post under Mr. Duncan took home $2,436.74 monthly, or $29,240.88 over 12 months, FEC reports showed.”

The union payoffs are not the same as helping the workers.
When Chrysler was given to the Unions they decided to move jobs to Mexico.
The unions are all about the unions. The jobs were lost anyway after they got their payoff.
And why would Obama/Geithner ever set up a company “initially owned by the US government” if not to try to hide all of this.
There is no need for another company to pay off the debt. Why not just go through the treasury, if it was all kosher, but we know it isn’t
This is flagrant corruption and someone just blew the whistle.
I suspect the media will remain silent on this but people need to speak up and hold Obama accountable.

“Congratulations to the new GM CEO, Barack Obama, for his successful OUTSOURCING program!”
GM importing Chinese cars is outsourcing?
The stupid, it burns.

“Congratulations to the new GM CEO, Barack Obama, for his successful OUTSOURCING program!”
GM importing Chinese cars is outsourcing?
The stupid, it burns.
Posted by: Ryan C | May 19, 2009 4:14:49 PM
Yes. Cars made overseas, not by American union workers. That’s outsourcing. Obama’s brilliant intervention in the auto industry is costing American jobs. Love that Hope and Change yet?

“Yes. Cars made overseas, not by American union workers. That’s outsourcing.”
The reference to GM was the importing of Chinese brand cars made in China for sale in the United States much like Chinese import American brand cars for sale.
You call that outsourcing?

“Yes. Cars made overseas, not by American union workers. That’s outsourcing.”
The reference to GM was the importing of Chinese brand cars made in China for sale in the United States much like Chinese import American brand cars for sale.
You call that outsourcing?
Posted by: Ryan C | May 19, 2009 4:26:52 PM
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I agree they will not be made by union autoworkers because they will be out of a job, and those jobs are being shipped to China , and the chrysler ones to mexico.
I don’t care what name you give it. The taxpayers were told we needed to sink billions into these companies because we could not afford to lose the jobs. They were too big to fail.
Instead those billions were inserted into Union leader pockets, the jobs went overseas and Obama bought himself a heap of support with taxpayer dollars for the next election.
The autoworkers lose, the taxpayers lose.
China and mexico the UAW leaders and Obama made out like no one in the history of the US. NO different than any other dictator raping the assets of a country and diverting them to assure his own power.
Chavez
Marcos
Cecescu
Hussein
Get it!

Scare Force One | May 19, 2009 4:41:17 PM, didn’t GM have its chance? continuing to build Hummers and massive trucks? watching GM’s advertisements during the NCAA basketball finals you would think there was only a market for massive vehicles in the US. to stay in business GM is going to need to be competitive. hopefully the corporate welfare won’t last forever. meanwhile gas prices are going up in Texas.

“I don’t care what name you give it.”
Yes who needs accuracy when I can attach loaded words to make my point.
That really sums up the right wing, forget facts and listen to my heated rhetoric.

Might also remember, with the Fiat takeover, Chrysler is also effectively outsourcing the design work on the high fuel economy cars to Fiat. Historically, the US has been where companies outsourced their design work and R&D too, so, at the best case, we’ll be trading white collar work for welding bumbers. Woo hoo.
On long term expansion, I don’t really see how Chrysler is going to get any funds for expanding its US works, given the way the secured creditors got wiped out in the takeover. You would have to be pretty stupid to loan money to them, so even if they do manage to retain the blue collar jobs they have now, growth is not likely to happen here, when they can grow their China plants without risking their creditors. Best case, even if we keep the blue collars we’ve got, we’ll still get a soft outsourcing, with growth going somewhere else.
Seems to me that the only winners here are the unions, and its a pretty pyric victory at that. The rest of us get taken to the cleaners.

“That really sums up the right wing, forget facts and listen to my heated rhetoric.”
Yeah, like forget Rasmussen.

At least Arnold was being honest. Gibbs “Obama did not bow to the Saudi king”…”getting the car companies to agree had nothing to do with the fact that we gave them $15 billion”. What a joke!

Gibbs rejected that the billions in bailout dollars had anything to do with the decisions by General Motors and Chrysler to go along with today’s announcement.
- We agree Gibbs but don’t you want to court Arnold too? On the stuff he does know about hes great. On the stuff he doesn’t know about like this us Democrats can teach him.

“And when GM factories in the US start up again, employing Americans to make cars to sell in America, shall we just add this to your list of fantasies about how Obama is evil?”
The fantasy is assuming that Americans will continue to BUY cars from GM and Chrysler, whose businesses have been totally horked up by Obama and the unions. Billions in wasted bailout money (that we still have to pay for) and now the inevitable bankruptcies that should have occurred in the first place. Brilliant.
Toyota or Honda will be getting my future business.

It seems to me that Arnold is trying to stir things up between the President and the automakers. He needs to stick with trying to dig out his own State before he starts speaking for the President or for that matter the Automakers and Michigan!!!

“He needs to stick with trying to dig out his own State before he starts speaking for the President…”
I think Obama took over that responsibility when he told the government what he can and cannot do with the state budget after they took the bailout money. Seems the Governator doesn’t have much else to do except banter about the defacto Governer of California, Supreme Governer Obama.

If Mr. Obama told the foolish, short-sighted auto makers that bailout would require higher MPG, then good for him! I doubt anything less would encourage these dinosaurs from driving toward extinction.

Union officials did not carry the labor vote in Mich., Ohio, & Ind. key to obamas securing the presidential election. The rank & file did it. Now we have the big doublecross – cars coming in from china, with “0″ UAW labor,at a 25% less overall cost.

Why are we continually screwing American business. We have suffering car companies so we shove a new CAFE standard down their throats. Then Obama wants to hit manufacturers with the cost of Cap and tax for using energy in production. It’s estimated up to 4800 people will die a year from these new CAFE standards because the cars will have to be lighter and more dangerous. Just who are we looking out for here? Americans? I don’t think so.

Who’s going to buy a Chinese made car? I won’t!
It’s our buying foreign made products that is helping China to beef up their armies, and putting US citizens out of work.
Once the government gets through with the auto mfgs., no one will be able to afford a car.
Plus, government is putting a lot of other businesses in danger of shutting down, that are related to the auto business.
RV’s, RV parks, their suppliers, Steel industry, etc.
Be on the lookout for more job losses, while China gets all the jobs and fuel resources in the world.