Mainstream Politics and Economics Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Mainstream Politics and Economics

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Wharf Rat who wrote (9843)	2/20/2012 10:22:25 AM
From: TimF	2 Recommendations of 85487

Obama didn't intervene to keep GM alive, it likely could have survived (and in the long run probably been healthier) without the Obama effort of tilting the bankruptcy deal (and its bankruptcy, not the other actions, that saved GM, and make it profitable now by removing the debt it couldn't afford to cover) in the favor of the unions. The stronger (then they otherwise would have been, not then they had been at some points in the past) unions make for a weaker GM. Also the political favoritism for the unions, against creditors who were senior to the unions, might in the long run raise GM's cost of capital (while charge less interest in exchange for being a senior creditor when you find that when push comes to shove your no longer senior?). As for OBL Obama was at the helm when it happened, but the effort was launched by Bush. I wouldn't give either of them huge credit for it, both gave the type of orders I'd expect a president to give. Still I guess meeting expectations deserves some minimal credit. The real credit goes to those who conducted the inteligence effort, and then to the SEALs.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next