You may recall that during the presidential election, the Treasury Department refused requests by General Motors to unload the government´s stake in the giant automaker. Taxpayers had sunk $50 billion into a union bailout in 2009 and were now proud owners of 26.5 percent of the struggling company. Reportedly, GM had growing concerns that the stigma of "Government Motors" was hurting sales in the United States. At the time, any transaction would have come at a steep loss to taxpayers and undermined the president´s questionable campaign assertions that the auto union rescue had been a huge success.
Reply 1 - Posted by:
M Stuart, 12/21/2012 5:32:28 AM (No. 9077142)
I haven´t forgotten the prediction that the unions would as quickly as possible want to divest themselves of a large enough percentage to absolve themselves of responsibility for operations and could start the whole blackmail system again.
Why isn´t 0bama back in Detroit crowing about the "successful" auto bailout?
The fundamentals that got Goobernment Motors in trouble are still there. GM will be beck in bankruptcy in short order. One wonders with a Rebublican House if Obambi can waste our money on Union goodies once again.
I´m still amazed how many people still cite the "million jobs saved" meme. If GM went bankrupt, it would have either reorganized or had untis sold off. Either way would have kept jobs since market share would be there to fill with competition having no capacity avaliable.
Never any mention of the dealers closed or the non-union workers terminated - only union. Oversight???
There are many of us who will NEVER buy a GM product again, ever. 0bama screwed the American people in order to reward these overpaid ignorant and arrogant union people who will eventually be out of jobs. All of them. The taxpayer is still bailing out GM, because the main loan company, Ally, is owned 80% by the taxpayer, and this allows GM to sell cars for 0% down, 0% interest, and 0 payments for months, because it is the taxpayers that are taking the loss. Some of us are not stupid.
President Obama took to the road last week to lecture Americans, as he is wont to do. “We’ve tolerated a little more inequality for the sake of a more dynamic, more adaptable economy,” he lectured in Galesburg, Ill. “That’s all for the good. But that idea has always been combined with a commitment to equality of opportunity to upward mobility — the idea that no matter how poor you started, if you’re willing to work hard and discipline yourself and defer gratification, you can make it, too. That’s the American idea.” And that’s the problem. The president says the words, but
WASHINGTON — Secretary of State John F. Kerry’s quest for a solution to the Israeli-Palestinian quagmire seems to represent the last political stand for the former Bay State senator who, up until now, is best known for being a presidential loser. Kerry is surely trying to compose his ultimate swan song by capping his 30-year career in politics with a brokered Middle East peace deal by early 2014, right? Or is he hoping for something a little bigger? After all, Kerry has never put his 2004 White House loss fully behind him, people close to him say. Sure, Hillary Clinton
Hillary Rodham Clinton must be reveling in the latest round of Republican fratricide. First, there’s the Chris Christie-Rand Paul blow-up over national security, surveillance, and pork. Then, there’s John McCain’s musing over possibly supporting Hillary—his fellow Iraq War-backer of a decade ago. And, finally, there’s L.I. GOP Congressman Pete King’s comparison of Rand Paul to a Nazi-appeaser! At this rate, Clinton is on her way to a 40-state victory and a third consecutive Democratic win, while leaving the Republicans with the distinction of being the Party of Dixie, Idaho, and little else.
In October, Anthony P. Bosch, a troubled businessman who had a permanent suntan and a white lab coat with his name embroidered on it — though he had no medical license — clashed with an investor in his small anti-aging clinic in Coral Gables, Fla. Bosch’s modest business, Biogenesis, promised to make Floridians feel stronger and younger. But Porter Fischer, a former client turned partner, felt spurned over a $4,000 investment gone sour, and he wanted to embarrass Bosch, “to take him out.” What began as a small-time dispute on the fringes of the medical world
Did you hear about the seventeen-year-old Queens resident, Natasha Martinez, who was stabbed eleven times last week by a black male wearing a white hoodie? Yep, just a few days ago, as this young lady was walking home from her job at Mickey D’s, and right in front of her house, Natasha was jumped by a black dude in a white hoodie and suffered eleven stab wounds -- she is in serious condition. Her state was so grave the doctors at Jamaica Hospital had to remove her spleen and confiscate a vein from her leg and implant it
The U.S. government is quietly pressuring telecommunications providers to install eavesdropping technology deep inside companies´ internal networks to facilitate surveillance efforts. FBI officials have been sparring with carriers, a process that has on occasion included threats of contempt of court, in a bid to deploy government-provided software capable of intercepting and analyzing entire communications streams. The FBI´s legal position during these discussions is that the software´s real-time interception of metadata is authorized under the Patriot Act. Attempts by the FBI to install what it internally refers to as "port reader" software, which have not been previously disclosed, were described
Yesterday at the Pentagon, Secretary of Defense Chuck Hagel unveiled the results of his Strategic Choices and Management Review (SCMR). The belated effort sought to think through the options — many unsavory — available to the military should sequestration and its $500 billion defense budget cuts remain law for the rest of the decade. Secretary Hagel’s cafeteria menu of options for policymakers should sequestration continue is so unpalatable because this is not the first round of defense budget cuts. Sequestration’s $500 billion in Pentagon reductions come on top of the close to $1 trillion in military spending cuts
This is the kind of thing that gives you a sinking feeling in the pit of your stomach when the full import of this stat sinks in. Of all the rotten statistics coming out of these dreary jobs reports, month after month, it is the realization that the face of work in America is radically changing right before our eyes — to the detriment of young and old alike. Tyler Durden at Zero Hedge: When the payroll report was released last month, the world finally noticed what we had been saying for nearly three years:
While George Zimmerman is likely trying to put his high profile murder trial behind him, the parents of the teenager he said he killed in self-defense are holding out hope that his legal woes are far from over. Zimmerman was acquitted on second degree murder and manslaughter charges in the death of Trayvon Martin. But The Miami Herald reports that Martin´s parents met this week with Justice Department prosecutors and FBI agents about the possibility of a criminal civil rights case against Zimmerman. The Justice Department has said in the past that it would look into whether Zimmerman violated
MIAMI BEACH — Her clipboard said the man who lived in the pink stucco apartment building a few blocks from the hotel-lined beach might not have health insurance. So Laura Botero climbed the darkened staircase to the second floor and knocked on the door. Eduardo Devine, 49, an unemployed beach waiter in black, square-framed glasses, peeked into the dim hallway. He confirmed he had been without coverage since he was laid off a month ago, and his face lit up when Botero mentioned “Obamacare.” “I just heard about it on the news, but I don’t know how it works,”
Consider me fully in the Andrew McCarthy camp on the legality and potential effectiveness of a properly structured and run NSA metadata program, but the NSA program — as with all intelligence-gathering efforts — ultimately depends on an administration and government elite that is actually willing to let the men and women on the ground pull the triggers they’ve been trained to pull. Consider these three vignettes: First, from former attorney general Michael Mukasey, writing in the aftermath of the Boston bombing: Tamerlan Tsarnaev is the fifth person since 9/11 who has participated in terror attacks after questioning by the FBI.
Is America still a superpower? Russian President Vladimir Putin sure doesn’t think so, a point he made clear yesterday by granting refuge to one of our biggest traitors, Edward Snowden. Snowden’s leaks have done untold, irreparable harm. He’s wanted on federal felony charges and has been hiding in a Moscow airport. America asked Russia to hand him over, but Putin had no fear of consequences by instead granting Snowden asylum, the international equivalent of aiding and abetting and a blatant nose-thumb to America. Nor has Putin helped on other vital matters, like stopping Iran’s nuclear drive or ending
White House insiders say President Barack Obama is in “a funk” about what he sees as increasing stagnation and failures surrounding his second term and some worry that the President is becoming more distant and distracted. “He’s not the same Obama that came to the Oval Office after the 2008 elections,” a senior White House aided confided to friends in an email recently. “I’m worried.” Chicago Mayor and former White House chief of staff Rahm Emanuel tells friends that the Presidency has changed his longtime friend Obama and many of those changes are “not good.”
In 2008 and then again in 2012, after retired four-star General Colin Powell endorsed and then voted for Barack Obama, the former Secretary of State´s sanity was already in question. At least now, after having his email account hacked by high-level security-breacher Guccifer, Colin Powell´s besmirching of the Republican Party´s "shift to the right" and "identity crisis" finally makes sense. It seems that for years the mannerly and always professional Colin Powell has been cyber-comporting with a 46-year-old Romanian European Parliament member, Social Democrat, and past spokesperson for Romanian president Ion Iliescu named Corina Cretu
In warning about possible al Qaeda attacks against Americans overseas, U.S. officials may have provided too much detail about intercepted chatter and the source of the information, and that may make it more difficult to get such tips next time, former and current intelligence officials say.On Friday, the U.S. State Department issued a worldwide travel alert for Americans, citing an unspecified al Qaeda threat. The bulletin said that the highest threat levels are the Middle East and North Africa, “and possibly occurring in or emanating from the Arab Peninsula.”
Washington - President Barack Obama´s top national security advisers met at the White House on Saturday to discuss the potential threat of terrorist attacks that caused Washington and its allies to issue travel warnings and close embassies throughout the Middle East. The United States issued a worldwide travel alert on Friday (Snip) Obama is spending the weekend at the Camp David presidential retreat after playing golf earlier on Saturday. His birthday is Sunday. The White House said Obama had received regular briefings about the potential threat and U.S. preparedness measures all week.
[Video] Rapper Jay Z appearing on HBO´s "Real Time" with Bill Maher says that the black community wants upward economic mobility rather than a stronger police presence. In a conversation with former Congressman Barney Frank about police tactics such as stop-and-frisk, Jay Z suggests the stagnant economy and wealth inequality could cause widespread social unrest: "The real problem is there´s no middle class, right? So the gap between the have and have-nots is getting wider and wider... It´s gonna be a problem that no amount of police can solve, because once you have that sort of oppression
Conservatives have for years attempted to put our finger upon precisely why Barack Obama strikes us as queer in precisely the way he does. There is an alienness about him, which in the fever swamps is expressed in all that ridiculous Kenyan-Muslim hokum, but his citizen-of-the-world shtick is strictly sophomore year — the great globalist does not even speak a foreign language. Obama has been called many things — radical, socialist — labels that may have him dead to rights at the phylum level but not down at his genus or species. His social circle includes
Several skills that every kid once learned in school are going the way of the dodo in a hurry. Diagramming sentences is practically an extinct art, for example. Cursive handwriting and memorized multiplication tables look to be swiftly headed that way. Apparently, the next thing that kids will no longer need to learn is spelling and grammar. Sugata Mitra, a professor of educational technology at Newcastle University in northeast England, announced that traditional language rules are out of fashion, reports the Daily Mail. Kids don’t need to waste time on those things, see. State-of-the-art computers and mobile phones can make
Common sense tells me that cops don´t need a Taser or a shotgun to subdue a 95-year-old man. When John Wrana was a young man, fit and strong and fighting in World War II with the U.S. Army Air Corps, did he ever think he´d end this way? Just a few weeks shy of his 96th birthday, in need of a walker to move about, cops coming through the door of his retirement home with a Taser and a shotgun.
Not only should President Obama cancel a bilateral summit with "schoolyard bully" Russian President Vladimir Putin, Sen. Chuck Schumer, D-N.Y., said Sunday on "Face the Nation," but considering the country granted asylum to National Security Agency leaker Edward Snowden, U.S. allies should try to move next month´s G-20 gathering from St. Petersburg. "President Putin´s behaving like a schoolyard bully, and in my experience, I´ve learned, unless you stand up to that bully, they ask for more and more and more," Schumer said. "He´s always going out of his way, President Putin is, to seem to poke us in
You don´t have to be gay or even Russian to feel the wrath of the Russian government´s homophobia. You could go to jail if you are "pro-gay," whatever that means. And that´s under just one of a growing number of hate-infused bills becoming law at a time when, as it happens, Russia is preparing to host the world in the next Winter Olympics. The perverse anti-gay legislation is inflaming an atmosphere of persistent intimidation and at times deadly violence against Russian gays and lesbians. The question now is: What should the rest of the world do?
I have a suggestion. How about an exhibit on Tawana Brawley? If the purpose of the new National Museum of African American History and Culture at the Smithsonian is to remember racial controversies, as the proposed Trayvon exhibit seems to confirm, then how about an honest look at the phenomenon of hate crime hoaxes? Particular attention should be paid to the role of the media in both the Trayvon and Tawana materials. Unquestionably, the media stirred up racial animus, and these incidents both contributed to raising racial tensions.
Police shot and killed an armed teen in the South Bronx early today after the suspect opened fire and refused to drop his gun, police said. Two rookie cops heard shots fired near East 151st Street and Courtlandt Avenue around 3 a.m. and ran in the direction of fire, police said. The uniformed officers saw Shaaliver Douse, 14, of the South Bronx, chasing another person through the streets, according to cops. Douse, who was arrested in May on attempted murder charges for shooting a 15-year-old, fired at the man running on East 151st Street this morning, police said.