SI
SI
discoversearch

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 : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (45151)11/19/2008 5:51:56 PM
From: nigel bates  Read Replies (1) | Respond to of 149317
 
>>Chapter 11 is a better option.<<

As I've said before, government money and Chapter 11 aren't mutually exclusive.

There needs to be a big restructuring. Current management is going to have to be purged. Pensions and healthcare deals will have to be renegotiated downwards, severely. It may well be necessary to shut down Chrysler.
But without intervention, all that is going to happen is a compete shutdown, and a firesale of the assets. That is in no one's interest.

The immediate problem is that GM may not survive until the next administration is sworn in.

None of this is much fun. I'm no great fan of either Detroit, or massive government intervention, but I recognise that doing nothing is going to end up costing rather more than a few tens of billions.



To: Lizzie Tudor who wrote (45151)11/19/2008 7:43:39 PM
From: tejek1 Recommendation  Read Replies (1) | Respond to of 149317
 
I can't remember if I posted this here or its already been posted but its a funny read.

Obama’s Use of Complete Sentences Stirs Controversy
Stunning Break with Last Eight Years


In the first two weeks since the election, President-elect Barack Obama has broken with a tradition established over the past eight years through his controversial use of complete sentences, political observers say.

Millions of Americans who watched Mr. Obama's appearance on CBS' "Sixty Minutes" on Sunday witnessed the president-elect's unorthodox verbal tick, which had Mr. Obama employing grammatically correct sentences virtually every time he opened his mouth.

But Mr. Obama's decision to use complete sentences in his public pronouncements carries with it certain risks, since after the last eight years many Americans may find his odd speaking style jarring.

According to presidential historian Davis Logsdon of the University of Minnesota, some Americans might find it "alienating" to have a President who speaks English as if it were his first language.

"Every time Obama opens his mouth, his subjects and verbs are in agreement," says Mr. Logsdon. "If he keeps it up, he is running the risk of sounding like an elitist."

The historian said that if Mr. Obama insists on using complete sentences in his speeches, the public may find itself saying, "Okay, subject, predicate, subject predicate - we get it, stop showing off."

The President-elect's stubborn insistence on using complete sentences has already attracted a rebuke from one of his harshest critics, Gov. Sarah Palin of Alaska.

"Talking with complete sentences there and also too talking in a way that ordinary Americans like Joe the Plumber and Tito the Builder can't really do there, I think needing to do that isn't tapping into what Americans are needing also," she said.