The mammoth taxpayer-funded bailout of General Motors at the start of President Obama’s first term was a slap in the face to the many other companies and businesses that were struggling financially. While there are those who say that it helped the auto industry survive, it also prevented the overextended GM corporation from declaring bankruptcy and restructuring to shed itself of unreasonable union rules and personnel and hoary labor regulations. And the U.S. corporate tax structure, highest in the developed world, ensured that continuing to do business in the U.S. would be difficult, at best.
The claim now is that GM paid the loan back and all is right again. But that is an overstatement of gigantic magnitude. The bailout was a huge giveaway to organized labor which now owns a significant portion of the company, and the coming release of the Buick Envision, a luxury crossover vehicle in summer of 2016, is sure to have many politicians and workers crying “foul” and demanding a replay.
Why Envision is a problem, page 2:
California and today…. New York! choose Bernie’s $15 hr. min. wage! Not Hillary’s $12 hr. proposal. The biggest, most important state (CA) rendered Hillary obsolete before she is even finished interviewing for the job (campaigning), dictating her next flip flop for her. Cities / states are for $15. None are choosing $12 hr. Bernie gets things right in the beginning, when it matters. He gets that $12 hr. does not cut it for a single parent with dependents in any part of the USA and everyone agrees.
Hillary, “progressive” for 8 months. Bernie, progressive for 50 years… Do you really know the candidates?? Seriously now… maybe why you never hear Bernie saying he “needed to evolve” with “learning moments” yuh think??Bernie has foresight and good judgment in the beginning, when it matters. Hillary blows BEHIND the social / political winds. She then apologizes later to make it all better.
She is a centrist with bad judgment. Nothing more. We expect the leader of the free world to have Bernie’s judgment and character. There are no redeeming qualities Hillary possesses. Except we are told she has a v****a.
Hillary flip flop, judgment mistakes: TPP, Iraq, Libya, Patriot act, Afghanistan, DOMA/Gay rights, Syria, Keystone pipeline, War on drugs, Carbon Tax, No Child left behind, Bank Bailouts, Campaign finance/citizens united (has pacs and superpacs now!), NAFTA (said it was a bad idea), Crime Bill (apologized for ‘superpredator’ gaffe, crack-cocaine sentencing disparity), welfare reform bill (apologized for), Banking reform (wants to make it more expensive for traditional banks to be big, shadow banking reform only), Wall street reform (has nothing here yet, a future flip flop), death penalty (still confused on this one and will come to Bernie’s stance soon), fracking (also still confused, will move to Bernie’s stance), Immigration (voted to kill the bill after backing it initially)….. regarding the TPP, she will again be for it once elected. Why? Corporations wrote and enforce the TPP terms. Corporations write her platform…. Compare. Decide. Vote.
It’s a global company. Where’s your iPhone made?
Thank you GM, for saying GFY UAW. 🙂
Can they even pronounce BUICK
Maybe we should let China bail them out next time !!!
Tax payers again get nothing, but businesses get raises. Where’s the help for the Middle Class.? All they ever get is pay more so businesses ( big ) get help.
See one in a parking lot, key the fucker! Sales will go down. Against the law, there is no law in this country.$#%&!@*GM!
This is messed ip. American taxpayers bail out the company and to say thank you AMERICA they take their manufacturing to China. Then have the gall to ship the Chinese made vehicles back to AMERICA to be purchased. So WRONG.
Another Obamination!
Seem to remember Romney saying something about this and being told he is nuts….