🚀 go-pugleaf

On 10/15/2012 9:31 AM, Phlip wrote:
> On Oct 15, 8:25 am, lib_o_matic<r...@co.bass>  wrote:
>> On 10/15/2012 8:50 AM, 3196 Dead wrote:
>>
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>>> On Sun, 14 Oct 2012 22:09:03 -0600, lib_o_matic wrote:
>>
>>>> On 10/14/2012 9:58 PM, 3196 Dead wrote:
>>>>> On Sun, 14 Oct 2012 21:45:03 -0600, lib_o_matic wrote:
>>
>>>>>> On 10/14/2012 8:27 PM, Phlip wrote:
>>>>>>> On Oct 14, 5:00 pm, 100 Million Dead<100MillionD...@DeadMillions.Nix>
>>>>>>> wrote:
>>
>>>>>>>> Yes if Obama and the Democrata win, it will be the end of the United
>>>>>>>> States as we know it. Our standard of living will collapse to that
>>>>>>>> of peon cubans!
>>
>>>>>>> Gee, maybe we need Romney to send ALL our Jobs to Red China
>>
>>>>>> When you have Obama to sell Chrysler to FIAT?
>>
>>>>> Now, when did he do that?
>>
>>>> Shut your fat canuck expat piehole, you Mt. Shasta drug addict.
>>
>>>> http://www.telegraph.co.uk/news/worldnews/barackobama/8556086/Barack-
>>> Obama-government-has-sold-its-final-stake-in-Chrysler.html
>>
>>>> The U.S. Treasury Department said on Thursday (June 2) it reached an
>>>> agreement to sell its remaining 6 per cent equity stake in Chrysler to
>>>> Italy's Fiat in a deal that will net Washington $560 million.
>>
>>> And what percent of one hundred percent is six percent,
>>
>> You haven't a clue have, you tubby?
>>
>> http://online.wsj.com/article/SB1000142405297020351360457714165125166...
>>
>> January 5, 2012, 4:20 p.m. ET.Fiat Increases Ownership in Chrysler to 58.5%
>>
>> You can't get one damned thing right, can you?
>>
>>> In the meantime, did you shit your pants when all of Chrysler was sold to
>>> Daimler back in the 80s?
>>
>> How damned STUPID are you anyway?
>>
>> https://en.wikipedia.org/wiki/Daimler_AG
>>
>> In a so-called "Merger Of Equals" Daimler-Benz AG and the American
>> automobile manufacturer Chrysler Corporation merged in 1998 in an
>> exchange of shares,[2] and formed DaimlerChrysler AG.
>>
>> Not one damned thing right, you stupid wheezing, fat canuck expat slimebag!
>
> Only a pure wingnut could cite two proofs

You're a left coast commie puke flipper, you and your witless "Ashlita", 
you GD traitor to America!


http://www.openmarket.org/2009/05/08/gangster-government-gave-chrysler-to-the-uaw-examiner/

�Gangster government gave Chrysler to the UAW�

So reads the Washington Examiner�s editorial today about how Obama 
effectively gave ownership of Chrysler to the United Auto Workers Union 
(which spent millions electing Obama), rather than taxpayers (who have 
spent billions to bail out Chrysler) or the institutions that lent money 
to Chrysler based on the legal right and expectation that they would 
receive its assets before the UAW union would. Veteran political 
commentator Michael Barone also calls it �gangster government.� The UAW 
will also retain �lucrative� pension and health benefits, courtesy of 
the taxpayer.

The liberal USA Today put it more gently, but it, too, criticized the 
Obama Administration. Obama demonized the institutional creditors, like 
hedge funds, that helped Chrysler when it needed funds, and then were 
given the shaft in his sweetheart deal benefiting the UAW. He branded 
them as �speculators� when they objected to it, and then arranged a 
collusive sale of the company in all but name (giving up all its 
valuable assets) to circumvent their legal rights (a sale rubberstamped 
by a liberal bankruptcy judge). As a result of Obama�s attacks, these 
creditors have received death threats. Administration officials also 
threatened to smear the creditors in the press (which might violate the 
First Amendment).

But as USA Today notes, �those creditors have every right to balk. By 
doing so they are not only defending their own interests, they are 
standing up for the principles vital to functioning credit markets. 
Secured lenders get first dibs at recovering their losses if a company 
cannot meet its obligations. They will be less willing to lend if they 
fear they�ll be forced to surrender their position.�

While Chrysler�s lenders have lost almost all of their assets, the union 
has given up little. Indeed, USA Today notes, the UAW has �continued to 
press for retiree health benefits more generous than those available to 
taxpayers funding the bailout.� (Moderate Democrat Mickey Kaus describes 
UAW pension and health benefits under the deal as continuing to be 
�lucrative�).

As reporter and columnist Tim Carney notes, car czar (and Democratic 
fundraiser) Steven


�Rattner and Obama have decided that the United Auto Workers union 
should get 55 percent of Chrysler. At the same time, they�ve attacked 
many of Chrysler�s secured creditors � who, in a regular, nonpoliticized 
bankruptcy, would be repaid in full � for resisting this deal. In a 
federal complaint, these administration targets alleged: �The government 
exerted extreme pressure to coerce all of [Chrysler�s] constituencies 
into accepting a deal which is being done largely for the benefit of 
unsecured creditors at the expense of senior creditors.�

UAW�s political action committee spent $13.1 million last election 
cycle, a slow year for the union�s political arm. Of the PAC�s $2.3 
million in direct contributions to candidates and candidate PACs, more 
than 99 percent went to Democrats. Of 42 Senate candidates to get UAW 
money, only one was Republican, and that was Arlen Specter.

The union�s PAC also reported $4.5 million in independent expenditures 
supporting Obama, plus an additional $423,000 opposing John McCain.

So, here�s the arrangement: You pay your taxes, the Obama administration 
funnels some of the money to Chrysler, whose profits enrich the UAW, 
which in turn funds Obama�s re-election.

Predictability, precedent and the rule of law have been replaced with 
the fiat of politicians. Chrysler could become a pass-through entity 
from taxpayers to the Democratic Party. And in charge of it all is a 
Democratic fundraiser. Boss Tweed would be proud.�