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Barb’s Blog » Entries tagged with "GM"

Why Did the Auto Dealerships Close?

July 26th, 2010 | Add a Comment

The United States of America, as I see it, is becoming the United States of Obama. Liberals control Congress and the White House. They’ve taken over health care. They’ve nationalized large blocks of the auto industry, the insurance industry, the banking industry. Once they finish with the oil and gas industry, what’s left? That’s an important question to ask yourself, as you look at these industries and think to yourself, yes, they’re hit, but not me. It won’t happen to me. Think again. This is Obama we’re talking about and the NEW nation he is forming. Another important question to ask, is HOW did they GET control? Well an interesting bit of old news was sent to me today regarding the AUTO Industry, and it proves true, and I will add … Read entire article »

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Learn From Greece

May 13th, 2010 | Add a Comment

At the rate we are going, I doubt we can learn from Greece. My feeling is debt is rarely addressed anymore, in any way that is serious. Perhaps the following article helps your understanding of debt in the United States today. Too weak to fail By George Will To understand the pertinence to America of events in Greece, notice General Motors’ most recent misbehavior. A television commercial featuring CEO Ed Whitacre demonstrates the institutional murkiness and intellectual dishonesty that result when the line between public and private sectors disappears. In the commercial, Whitacre says GM has “repaid our government loan in full.” Rep. Paul Ryan (R-Wis.) noted that GM used government funds to pay back the … Read entire article »

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Higher Gas Prices, Again.

June 2nd, 2009 | Add a Comment

I have always been on the side that government should stay out of business. They can’t run themselves, why on earth would we trust them to run a business. Obama buys up the car industry, and according to Ralph Nader, not necessary: The proximate cause of the bankruptcy was supposed to be the inability of GM and the government’s auto task force to reach an accommodation with GM’s bondholders. But late last week, the bondholder problem was moving toward rapid resolution, and was clearly resolvable. Why then are GM and its multibillion government financier proceeding with bankruptcy? The bankruptcy and the GM restructuring plan are the product of a secretive, unaccountable, Wall Street-minded government task force that assumed power because of a Congressional abdication of historic magnitude. By all rights, the restructuring plan … Read entire article »

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