Obuma has attacked almost every industry

The Dude said:
You re that uninformed, he shit on thier ownership by stealing thier money and giving it to unions.
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What money? They had no money. Their shares were worth shit and if the government didn't step in the company would have been liquidated. Under that scenario the shareholders get nothing.

Also, too, the union wasn't given a damn thing. It received shares in exchange for taking on the tens of billions worth of unfunded healthcare obligations owed to retirees through the VEBA.
 
General Buck Turgidson said:
What money? They had no money. Their shares were worth shit and if the government didn't step in the company would have been liquidated. Under that scenario the shareholders get nothing.

Also, too, the union wasn't given a damn thing. It received shares in exchange for taking on the tens of billions worth of unfunded healthcare obligations owed to retirees through the VEBA.
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received shares in exchange for taking on the tens of billions worth of unfunded healthcare obligations ?

Or they would have got nothing like the shareholders....instead they got a car company....to the tune of 9 BILLION dollars....
costing the taxpayers billions....
 
Onceler said:
LOL - yeah; definite proof that he attacked "almost every" industry.

I just feel bad for you these days, quite honestly.
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Yeah, thats what the Dude said.....ALMOST EVERY INDUSTRY.......
Maybe he should have said, almost every large industry......

Don't let my well being bother you.......I'm quite comfortable pwning you on an almost daily basis......boring, but otherwise ok....
 
bravo said:
received shares in exchange for taking on the tens of billions worth of unfunded healthcare obligations ?
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Yes. Or, to put it another way, the health care trust was owed billions of dollars by GM and Chrysler and received an equity stake for the billions of dollars it was owed.


bravo said:
Or they would have got nothing like the shareholders....instead they got a car company....to the tune of 9 BILLION dollars....
costing the taxpayers billions....
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Actually, that depends. I'm not sure whether the Trust had secured or unsecured claims and its claim would have ranked in terms of priority but rest assured that even as an unsecured creditor it would have been paid before the shareholders received a single cent. Also, too, the obligations probably would have ended up getting picked up by the PBGC and the taxpayers. Instead, the VEBA (not the union, mind you) got an equity interest in exchange for its claim, the goverment likewise got an equity interest in exchange for the capital infusion, and the US retained a domestic automobile industry.

Now, you can bitch about the shareholders getting crushed if you wish, but they would have been crushed regardless. The claim presented in this thread is that Obama attacked the industry, not the shareholders, and it's laughable.
 
bravo said:
Interesting.....lets see some facts....

There is undeniable proof he attacked the coal industry...
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That's fucking laughable. You and the hacks who made this piece simply don't know what the fuck they are talking about. It's just partisan hackery. But WTF, when have you ever know WTF you're talking about?
 
The Dude said:
You re that uninformed, he shit on thier ownership by stealing thier money and giving it to unions.
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You still haven't answered my question. How did he do that? Because he didn't bail out the executives who bankrupted GM? That he didn't provide them golden parachutes for being incompetent fuck ups who cost stock holders billions of dollars? Please....explain this to me.
 
General Buck Turgidson said:
Yes. Or, to put it another way, the health care trust was owed billions of dollars by GM and Chrysler and received an equity stake for the billions of dollars it was owed.




Actually, that depends. I'm not sure whether the Trust had secured or unsecured claims and its claim would have ranked in terms of priority but rest assured that even as an unsecured creditor it would have been paid before the shareholders received a single cent. Also, too, the obligations probably would have ended up getting picked up by the PBGC and the taxpayers. Instead, the VEBA (not the union, mind you) got an equity interest in exchange for its claim, the goverment likewise got an equity interest in exchange for the capital infusion, and the US retained a domestic automobile industry.

Now, you can bitch about the shareholders getting crushed if you wish, but they would have been crushed regardless. The claim presented in this thread is that Obama attacked the industry, not the shareholders, and it's laughable.
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Indeed it is. Just as their claim that Obama is attacking the coal industry. Completely fucking laughable. The only thing the Obama administration has done, in regards to the coal industry, was to not extend the exemptions from the MACT standards (signed into law by the first President Bush by the way) for older superannuated coal plants which had expired.
 
Derp Derp said:
That's fucking laughable. You and the hacks who made this piece simply don't know what the fuck they are talking about. It's just partisan hackery. But WTF, when have you ever know WTF you're talking about?
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You actually expect these people to stick to the FACTS?


Come on! They want Obama G-O-N-E and will say ANYTHING to get it done.
 
He can't claim Trademark when it is political speech.

Just like we can republish stuff here so long as we are editorializing, etc. Fair Use laws allow people to use Trademarks and copyrighted material for political speech purposes, including reporting and editorializing...
 
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