What you aren’t hearing about GM …

Posted by scanjack on Jun 2nd, 2009 and filed under Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry from your site

The bankers win again. A nation of laws … right.

TARP Babies get paid no matter what it seems.

Are we having fun yet?

3 Responses for “What you aren’t hearing about GM …”

  1. GlazednConfused says:
    June 2, 2009 at 7:06 pm

    Oh right – because I have to assume that a “card-carrying member of United Automobile Workers Local 1981″ has an objective view of the GM fiasco. Blah blah protect the GM autoworkers that have been suckling from the teat of endless benefits and job banks blah blah. Rattner did not actually bankrupt GM – he is just indirectly profiting from it. Correlation does not imply causation, right? There are so many variables that no one understands the GM bankruptcy, its causes and effects, completely. Start with the investors that have default insurance and gain more from GM’s bankruptcy:
    http://www.slate.com/id/2218175/

    Here’s another source on the GM pensions:
    http://www.brookings.edu/papers/2009/0529_gm_pensions_elliott.aspx

    And yes, people are talking about Rattner’s pension issues. The guy is an exploitive bastard at best. Here’s a link from the WSJ:
    http://online.wsj.com/article/SB123992516941227309.html

  2. Five0ClockCharlie says:
    June 3, 2009 at 10:14 am

    Seems pretty logical to me screw over thousands of people just to save the ass of 4 pretty important well paid decision makers in this wonderful government we have ;-) .

    BIG FREAKIN SURPRISE sounds like another day in corporate America. ….

    DAMN THE MAN

  3. Georgia says:
    June 15, 2009 at 11:15 am

    What Can we common Poeple do about the Bailout? Nothing.. we just have to wait and see if the company comes up and develops new cars and prototypes to please the americal consumer

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