GM Files for Bankruptcy, Plays Government for a Sucker

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This is great, it clarified some opposition I had seen.

Debt Consolidation Trenton of AL 9:00PM February 09, 2010

Chairman Obama loves to spend money! He is like a child of age 10 in a toy store with his dad's stollen credit card!!
Spend,Spend,Spend It grow's on trees oh we can just print or borrow more money!
The new saying " Yes We Can" "Yes We Can Throw More Money at our problems"
Oh yeah we need a president with some *alls that does not take threats lightly from primitive countries like Iran or North Korea!
I have 2 letters for all countries that threaten or attack us VX gas!

Michael of TN 6:58PM June 27, 2009

Funny thing is that a country that calls it self Communist like China is the most capitalist and richest countries in the world. The US is becoming very socialist and we already have a huge debt. Sad but some day the Chinese will tell Americans what to do and when at that time it will be tempting to the US to use force (military) we will loose, we will not have money for bullets, oil, soldiers salaries... Let’s face we a not a Super Power any longer. Is time for us to be more humble and act like what we already are: a second class country full of debt, with tons of inept CEO’s and arrogant striking Unions.
If by now Obama (socialist), Unions (striking)& CEO’s (inept) have not wake up they will never will. People: pay up all your debts, change your big guzzler car for a small one and be prepare for high crime and tough economic times for a very long time.

Bill of WI 11:20PM June 01, 2009

General Motors Corp.(GM) will ask a bankruptcy judge Monday for permission to tap about half the 30 billion. ARE YOU KIDDING ME?
After the UAW get fully funded, then GM will file for the REAL bankruptcy!

ace of NC 8:51PM June 01, 2009

How's that hope and change doing for you now?
Welcome socialism. Obama's Marxist backers must be smiling big time now. He was groomed for this position since way back and his handlers are calling the shots while he campaigns for the next election. What a tool! FDR would be envious with the ease that Obamanation is passing through while Amerika keels over.

Don of PA 6:39PM June 01, 2009

the other day, and this guy contended that corporations that are "too big to fail" are "too big to exist, period" (as monsters we have created) and ought to be broken up before they approach failure.
AIG? Citibank? GM? Who's next?
Can't help but wonder if he had a very valid point. Republicans claim to agitate for "smaller government". Maybe we need a new party to agitate for smaller corporations.

Muser of NM 4:25PM June 01, 2009

GM may be playing the Government for a sucker, but Obama is playing most US citizens for suckers! I was born in 1921 and grew up during the "GREAT" depression, and my memory is still very vivid of how FDR promised the American people that he would reverse the economic damage that Presicent Hoover, and the Republican Party, had caused. He quickly pushed many bills through Congress increasing the Federal Government's role in the lives of all US citizens. His fireside chats tried to convice the people that he was successful but he had to get the US involved in World War II to really end the depression. Most able bodied people entered the work force at low frozen wages in order to "win" that war, and suffered through years of doing without many material necessities--with little complaining. Hindsight, and history, reveal that the great depression did not end until "our boys" came home and the defense factories quickly retooled to provide the pent up need of the US, and many foreign countries that had been too devasted to recover quickly, Is it already too late to stop Presidnet Obama from repeating RDR's mistakes, while adding quite a few of his own? Are US citizens willing today to "sacrifice to the bone" to get out of this recession? And what about all the corruption and greed that seems to permeate our sociey today! It's scary.

Thelma Smedley of CO 3:20PM June 01, 2009

is whether the economic dislocation of a liquidated GM would have been worse for America overall. I contend that it would have been much worse.

Muser of NM 2:52PM June 01, 2009

Why are so many people crying about the money given to "bail out" the auto industry. The US taxpayer will have better accountability and get return on investment for that money than the money given to the financial industry back in 2008!

S. Eskridge of CT 2:30PM June 01, 2009

Unlike the rest of us, Government cannot tighten it's belt because, it has none.
When it's not your money you're spending you will spend like a Jewish Princess with a wealthy husband. The public pays no heed because it is too selfishnn to see the future implications to its progeny and, truthfully, what can the disenfranchised do anyway?
For an answer, see www.thelobbyist.blogspot.com .

Angel Jimenez of NJ 2:29PM June 01, 2009