Silicon Investor (SI) -- The First Internet Community

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 : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Neeka who wrote (1493)	11/17/2008 12:45:49 AM
From: KLP	Read Replies (1) \| Respond to of 103300

Re: Dems want to bail out GM, but isn't it dems that are always railing against business's? Funny, I was thinking EXACTLY the same thing awhile ago...Can you imagine in even semi-normal circumstances, that any of the Dems would want to be "giving" money to any of the Auto Makers...? The Dems have pushed for years for higher salaries and more benefits for all those 'poor workers' who belong to all those RICH Unions who support the Dems with very real Millions of dollars, extracted from all those 'poor workers'.... Something is very wrong with the picture. The answer to the Car manufacturers should be No More Billions.... An aside....we used to talk about helping with "millions" of dollars....NOW we talk about BILLIONS.... People should stop, and try to visualize how many One Thousand Dollar Bills would be in how many piles on their living room floor to total One Million dollars.... THEN visualize how many piles of One Thousand Dollar Bills would be in piles to total One BILLION dollars.... Have all the airlines who have gone bankrupt had such massive bailouts to survive another day? Most of them did survive, and even with the massive oil/gas problems of the year, most of them are still flying, and have people flying in them, and operating them. Yes, we have pretzels instead of dinner, if we're lucky. Peanuts are too expensive. Maybe we could give the Car Makers some tax relief help for two or three years in lieu of handing them actual cash.

To: Neeka who wrote (1493)	11/17/2008 2:27:00 AM
From: grusum	Respond to of 103300

the dems shed crocodile tears for FAILING businesses. but they hate and want to tax successful ones. they want to shore up the weak and take down the strong. they do it for self aggrandizement, trying to portray it as fairness. but what is fair about seizing what someone else has earned and giving it to ANYONE else? if it's important for someone to give, then give from one's own pocket. i wonder how conservative most would become if everyone were to be taxed equally, no matter what one's income was. politicians advocating tax increases would go the way of the dinosaur.

To: Neeka who wrote (1493)	11/17/2008 9:46:23 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

GM (& Ford, & Chrysler) are a tough call right now. Ordinarily (And... I PERSONALLY believe that this is still true even right now in the depths of our recession) the very best approach would be to take them into bankruptcy reorganization. Because, there is absolutely NO WAY they can thrive carrying the debt loads that they currently do. So: 1) establish a Conservatorship for GM (the worst off of our auto companies right now), with the feds helping the Courts do this in a rapid manner. 2) extinguish the stock. (GM's stock has practically already vanished anyway, having fallen more than 95% to where all the stock classes are only trading for about $5 Billion.) This finishes wiping-out the stockholders. 3) then, the Conservatorship force-converts perhaps about HALF of ALL OF THE EXISTING GM DEBT HOLDERS (all bonds, loans, including any new loans that the federal government might choose to make at this point to help them emerge from bankruptcy as a viable and vigorous manufacturer) into shares of new stock (perhaps preferred shares for the government... senior to all the others) and GM emerges from Conservatorship shed of fully half of it's debt load... now a viable company. Problem solved.