President Obama on GM Using Bailout-Enhanced Coffers on Foreign Jobs “We’re Not Going to Meddle”

It should be obvious, from this, that Pres Obama cares not one wit about the US economy or preserving American jobs. If anyone still has doubts about his intent to destroy this country, they have to be brain dead.

Things aren’t going well. People are scared…there is way too much bad news. Reality isn’t as good as hope and change promised to be.

Who is Obama paying off this time ? Oh for the truth of the campaign promises of transparency ! When it was the “banks” he tought to limit salaries, but this is OK. Our tax dollars at work. Socialism at its best.

“his intent to destroy this country” – it’s pretty psychologically unbalanced to be stating the President is out to destroy the country ….”
Only if it wasn’t true.
Blowing up the deficit, taking over industry after industry, showing the world how weak we are, piling on one horrible program after another…there’s little doubt as to what’s going on.
None of this is concern for the country. We are all about HIM. We exist for HIM.
That’s why Obama uses the word “I” more than any President in history.
There is no team in I.

“He has virtually no experience in the private sector, so he has never seen how jobs and wealth are created in a modern market economy.”
Some of us can’t forget that once upon a time not very long ago the Republicans had control of Washington and they supposedly had plenty of business experience and were going to run government the same way. Where did that get us?

“his intent to destroy this country” – it’s pretty psychologically unbalanced to be stating the President is out to destroy the country ….”
It depends on how you look at it. He operates from a Marxist point of view. He firmly believes that a capitalist economic system is unfair. He has said this repeatedly. All of his friends and associates feel this way. All of his cabinet members and czars are very open about this.
He is willing to accept what he thinks will be short term collateral damage (i.e. “destruction”) to achieve a longer term “remaking” of the American economy into a more “equitable” state controlled redistributive model. For the “greater good” of course.
What he doesn’t understand (or maybe does and just doesn’t care) is that you cannot centrally plan a vibrant economy. Statism is a failure. History proves this. It’s not that complicated.

“… I’ve always been more interested in being being the change I want to see in the world, and that means putting compassion, hope and other lofty things like bravery and charity over things like cynicism and fear.”
I feel the same way. But such feelings don’t tell me very much about what is or is not sound public policy.
An example: I want, as much as any American alive, health care (paid for through sensible, actuarially sound insurance, with help for the needy in getting it). And here we are in the age of the internet, of Google, of Twitter, I-phones and you-name-it: informed and speedy choices about health insurance could become available virtually overnight if the congress would only remove some of the many barriers it has itself erected in the way of such choices. (Think Travelocity. Think Expedia.com.)
And yet here we are, in this magnificent information age, on the brink of enacting a 1950′s, Soviet-style top-down casserole of coercive mandates, fines, penalties, added taxation and costs, all of which will make things quite a bit worse for the 85% of Americans who are now insured, and will confer a dubious benefit on some, but not all, of the remaining 15%.
Common sense tells us we can very easily do much better than that. But the current players in this game are blind and deaf to such possibilities: the entire struggle has become centered on whether a bill–any bill, it would seem, regardless of how unpopular or inefficient–can make it through the congress for the president to sign.
I have never felt so strongly about a piece of social legislation, nor so certain that it is not possible for its consequences to be anything other than disastrous.

I wish everyone here would do me a favor: Google “federal employee health benefits programs.” Then click on the hit that reads “Plan information–Insurance Plans.”
Surf around on that site. Don’t you wish you could choose from among all the plans listed in every one of the fifty states? You could–except the congress won’t let you. Instead, they want Pelosicare.
If you don’t think things are going to get turned upside down in 2010, you had better think again.

Didn’t President We-Aren’t-Going-to-Meddle Obama force the GM CEO out?
Is anyone in the media going to call him out on his doubletalk?

“Every problem we have can be traced back to some “well intentioned” government action. This “crisis” is a result of government backed mortgages that artifically inflated the housing market, and ill advised federal reserve fiscal and monetary policies, period.”
I would certainly agree that ill advised federal reserve fiscal policies are largely to blame for this crisis, however it isn’t an example of government action, but rather an example if government INaction.

Let’s not forget the bondholders that were leaned on and demonized by Obama
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Please detail the bondholders who were ‘demonized’ by Obama – and provide a source and date for this information.

Of course, his characterization of the bondholders’ position was deliberately false and misleading
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Says who? Fascist we already have pointed out many of your statements here that have been completely false.
Says who? – sources and dates please.

This statement just underscores how utterly stupid and little this president understands how business and property rights work. For starters, when you are a shareholder, or own stock, you are not “owed money” in the way you are when you are a bond holder
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Mike the United States did BOTH things. The government loaned money to GM – and became shareholders through additional purchase.
I think the President is correct.

Shucks Ill just buy me another Ford. and go down the road happy.

While I agree with all the comments regarding our fearless leader’s ineptitude (or savvy facade… he is an ivy league lawyer after all) regarding debentures, equities and etcetera.
However I would like to make one salient observation:
” “What I have said is that we are not going to meddle in GM’s decisions,” the president said. They now owe the US government money. We are a shareholder but we are not an active shareholder. We have specifically said that we are not in the business of running a car company.” ”
…err didn’t we (and by “we” I mean our illustrious politbureau in the whitehouse) begin meddling in the affairs of GM when we (insert the “we” disclaimer here again)forced the CEO out, manipulated finance law, and well the list really continues now doesn’t it… because we have installed two ne’ THREE “czars” into the automotive industry.
Auto Recovery Czar – Ed Montgomery who is officially the “Director of Recovery for Auto Communities and Workers” and Car Czar – Ron Bloom (who replaced Rattner) as head of the Presidential Task Force on the Auto Industry
And number three is the Pay Czar – Kenneth R. Feinberg as “Special Master on executive pay” because they are a recipient of TARP funds. the whitehouse IS in the business of setting GM’s executive wages, and the other two ARE in the business of GM day to day operations through the influence they exert on GM descisions.
My point? our fearless leader is talking from both sides of his mouth on a topic that he is either completly ignorant of, or cunningly attempting to maintain plausible deniability and pin the blame on his subbordinates.
Or both.
P.S. Jake Tapper, I hope you read these comments and get a little more emboldened to call a spade a spade when give a line of BS during an interview. if not, I am sure you will soon be replaced with a robot, or a trained animal capable of imitating a journalist.
P.P.S. Jake, I’ll bet you dont read this or care to retort.

tierra wrote:
“Yikes, wishing for the demise of the American automobile industry doesn’t seem that smart ”
Earl said he was gonna buy a Ford. That IS an American company.

GM is considering outsourcing our jobs overseas and they are considering doing it on our money?
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Not sure this really means jobs are being outsourced – it could be instead expanding the company’s operations for the overseas market; creating more production there, but not necessarily through north american job loss.
It does though sound like government money is being used to grow the overseas component of the company.