Hell hath no fury like a former liberal woman.
So this week, President Unicorn Princess who’s never run a business, nor had executive experience prior his occupancy of the White House, suddenly earned his pseudo-business management credentials (from a CrackerJack box) and kicked out the CEO at GM. His replacement CEO, Fritz Henderson, then states on CNBC that GASP! GM and the big three should be looking to file for bankruptcy. (via HotAir) NOW all of a sudden Washington is on the bankruptcy plan. Where was this months ago? Oh, yeah Dems were busy telling Republicans in Congress they were being unfair to the folks while the Dems had their hands in the pockets of the UAW.
In a taped interview to be aired tonight on NBC Nightly News, Fritz Henderson said that because of greater demands from the Obama administration to restructure, GM is considering the bankruptcy option. The auto giant previously had ruled out such a move, saying it would discourage people from buying GM cars.
Good fuckin’ night. I’m honestly so tired of the never-worked-in-business-a-day-in-my-pampered-life liberals ruining capitalism because they are too freaking stubborn AND stupid to listen to a Republican. Cue Mitt Romney back in November – and he along with Cantor, Boehner, and many, many other “crazy” right wingers have ALL been saying let these businesses file for Chapter 11. That is what bankruptcy and protection is for, you #$%@#$%@#$ nitwit liberals running our country into the ground.
“Chapter 11 allows companies to get rid of some excess burdens that keep the companies from being successful. We’ve seen this before in other industries.”
“What you can’t do is send a big check to the big guys to do essentially the same thing.”
As Michelle Malkin said when the big 3 soared in on their private, chartered jets to ask for more money (and I’m paraphrasing) “this bailout is not forcing the auto makers to restructure their business model, it’s only sustaining their lifestyle.” The $14 billion that was shelled out to the automakers did not force them to renegotiate union contracts or purge themselves of overburdening debt they could have restructured under Chapter 11.
Obama Administration: 0
Taxpayers: - 14,000,000,000
Here’s part of the problem too – we’ve got too many union organizers (not members, organizers) in the pockets of these politicians on Capitol Hill. They don’t want GM to go down for obvious reasons because if GM fails or UAW is forced to renegotiate, those union organizers will lose their power and influence. Even though in the long run, job security would be better for the actual union members because they will be able to hold onto their J-O-B. For too long union members have let their organizers run their contracts into a corner and they now are having trouble getting out of. You’ll notice that people who work for automakers in non-union states don’t complain about the benefits, wages, etc. Even though most of those plants are typically “foreign” auto companies, they are still jobs for Americans on American soil with competitive (and still surprisingly high) wages and benefits.
But here’s what one of my liberal friends, oh and a union organizer with SEIU, had to say on defending the bailout back in December:
“Critics of the American industry point to the UAW and the costs of labor associated with the union’s contract as being to blame for the difference…I posit that GM and the other US auto-makers would be doing just fine today if they had the foresight to produce more economically viable products for consumers like their foreign competitors. This doesn’t even touch on what would happen to the labor movement as a whole if UAW were to do what the Senate Republicans suggest.”
Funny how my friend seems to forget that UAW contracts go directly to production costs. Cost of labor is the #1 factor in pricing for most products, and the same is true for the auto industry. You lower those labor costs, and *POOF!* the company will see an increased profit margin through either 1) less overhead or 2) reduced prices of products which lead to more purchasing power on the end consumer. More profit margins then lead to either 1) company growth with increased employment, 2) increased wages over time, or 3) increased R&D funds for better technologies to develop better and cheaper products (look at the cell phone industry if you need a freakin’ clue). It’s not magic, it’s the reality of busssssssssssinaysss! Oh, but I guess I’m forgetting that’s not what “the folks” were sold on during the campaign so why am I expecting them to use rationality now???
For his next trick, the Great Obama will jumpstart the economy, and he’ll do it by raising taxes on the very businesses that are today adrift in a financial tsunami! That will include all those among the top 1% of taxpayers who are in fact small-business owners, and the nation’s biggest employers who currently pay some of the highest corporate tax rates in the developed world. Mr. Obama will, with a flick of his fingers, show them how to create more jobs with less money. It’s simple, really. He has a wand.
I mean this is the OBAMAGIC administration – you can do aaaaaaaaaaaanything that you desire! D-d-d-do, do-do-do…
The ranting and raving of a woman formally brainwashed under the liberal agenda. Through investigation, commentary and sarcasm about government, this woman is breaking free of the hypocritical liberal party that tries to manipulate women into believing only they can represent women’s rights. Get informed, get free, get Un-Liberaled! This blog does not endorse any particular candidate or party - although if I did, I most likely wouldn’t endorse a liberal candidate. For instance, Nancy Pelosi (D-CA) or as I like to call her Smancy Pelotox would not get my vote. Comprende? Good. Hope you enjoy the rants! :)