The Obama - Clinton Disaster Message Board

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Politics : The Obama - Clinton Disaster

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To: DuckTapeSunroof who wrote (64617)	1/20/2012 3:56:39 PM
From: TimF	1 Recommendation Read Replies (1) of 103300

I'm not even sure what you MEAN by that. Exactly what I said. The words where simple, and combine to a simple concept. If you need more complexity - The government involvement in GM wasn't for profit (not that I'd necessarily want the government to seek profits, but I was pointing out a difference from Bain's actions). Also the feds intervention with GM wasn't an attempt to maximize efficiency, it was an attempt to tilt things in the favor of the unions. The government leaning on the scales so that the balance goes to those it favors. that GM is not a 'for profit effort' GM is a for profit company. The government's involvement with GM was not a for profit effort, or an attempt to maximize efficiency. As far as the specifics of the reorganization plan... as the old saying about bankruptcy reorganizations goes: "He who puts in the money calls the shots". 1 - Not completely. The bond holders are still supposed to be senior to the unions. 2 - Largely irrelevant, the point is that the shots the government "called", the actions it took, the control it exerted, was an attempt to play political favorites. "I get to call the shots", isn't a defense to "you called the wrong shots".

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