1 Buncha pussies.

2 Well it was nice while it lasted. So much for the rule of law.

3 A wise latina women would have nationalized the oil companies, too.

4

Crap! I was going to predict this outcome on my blog, in writing adn everything, and I would have looked so cool when I was right. For once.

I was talking about this with my brother at lunch. His theory is that they would shoot the deal down because it is such a heinous power grab and SCOTUS would want to defend its territory against an over-reacing executive. My argument was that Obama's appointment of Sotomayor proved that he wanted and relied on an activist court, and that this case was a chance for the True Believers on the court to help him scuttle private industry and property rights.

One step closer, comrades!

5

....so by them saying "in this case alone", are they inviting another (better prepared) case to be brought?

6 Fuckin' horseshit...

7 So, we've nationalized the banks, the car industry, and we're on the way to nationalizing health care and probably oil. What's next? Insurance? Farming? Trucking?

Can't wait to see what happens with the stock market when investors realize that contracts now mean absolutely nothing and the government can just change the rules in the middle of the game.

When does the Resistance start?

8 Chrysler is now an official money-laundering front for the Obama administration and the UAW.

GM is next.
Then Ford (whether they like it or not)

Welcome to the New Zimbabwe dictatorship.

9 This is really horrible, this was a lawless deal and even the Conservatives on the court opted to do nothing.  A bad precedent of things to come.  Obama will be encouraged to just make up more shit as he goes along.

10 Well, it was nice while it lasted, I guess.  At least we can say we were alive when the U.S. still existed.  RIP the res publica.

11

With one exception I've bought American cars all my life. No longer.

Fuck central planning.

12 Why do they keep saying "Chrysler sale"? Isn't "Chrysler gift" more accurate?

13 Rule of law my muscular buttocks.

14
Well on the plus side we'll most likely drag the rest of the world down with us.

15 Blame the majority of the secured bondholders that signed off on the agreement whether coerced or not. I don't think there was anything SCOTUS could really do other than to refuse to get involved. What were the constitutional or other issues that would let them intervene? If it had been a straightforward liquidation and the secured debtholders were shafted, it might be a different story. Instead it was a reorganization with a sale. If Congress wanted to complain about TARP funds being used for the takeover or government ownership in the first place, they should have complained and removed the funding for it. I don't think the Constitution prohibits government ownership of assets. The whole thing stinks like a rotting fish but this is now squarely on Obama and the Democrats. There is little chance in my humble opinion that Government Chrysler can survive so it'll probably be a colossal failure and take Fiat down with it . Most of us will avoid both Government Motors and Government Chrysler/Fiat like the plague.

16 So much for bonds being less risky than stocks.  Who the hell is going to invest in the economy if the government is just making up the rules as they go? 

17

I just looove Chrysler's.  You know little palin was conceived in a Chrysler.  Beautiful car, baby blue, rumble seats with a big interior in the back seats and plenty of room to put your legs up if you know what I mean.

Yes indeed, fond memories.  Loved that Chrysler.  Loved that back seat.  Just wish I knew which one of those bastards knocked me up.

18 14
Well on the plus side we'll most likely drag the rest of the world down with us.

It gives me hope that most of Europe told Obama's pals in government to go to hell and kicked them all out of office.

Things will not go well for Obama.

19

Guilty pleasure:  I watch Chrissy "Leg Thrill" Matthews and Keith Olberman sometimes because I enjoy train wrecks.

Just caught Chrissy giving Obambi the credit for the Lebanon elections.  Damn.  They won't give up the ghost....or the narrative.

20 Dr. Egon Spengler: There's something very important I forgot to tell you.

Dr. Peter Venkman: What?

Dr. Egon Spengler: Don't cross the streams.

Dr. Peter Venkman: Why?

Dr. Egon Spengler: It would be bad.

Dr. Peter Venkman: I'm fuzzy on the whole good/bad thing. What do you mean, "bad"?

Dr. Egon Spengler: Try to imagine all life as you know it stopping instantaneously and every molecule in your body exploding at the speed of light.

Dr Ray Stantz: Total protonic reversal.

Dr. Peter Venkman: Right. That's bad. Okay. All right. Important safety tip. Thanks, Egon.

21 Tell me again why we have a SCOTUS again?...Infriggingunbeliveablyincredible.

22 #15 Laddy, my understanding is the 5th amendment (the one dealing with government takings without due process, anyway) was undermined, since due process involves bond holders getting first crack at looting the corpse to get their money back.  In this case, the UAW is getting their money before bond holders, based on executive fiat (as opposed to Fiat executives). 

23 ...and the UAW, Chrysler and GM can go F themselves...fat friggin' chance I'd even consider one of their offerings.

24

The US Government is out of control. It must be stopped.

I don't fear the military/industrial complex. I fear the government/media complex.

We're swimming in an ocean of lies.

25 I'm starting to believe I'm not paranoid enough.

26 CautiouslyPessimistic, if it was a liquidation, that would be the case. In this case, it's a reorganization which is more like getting all parties to sign a contract. Once the majority of the secured debtholders signed off on the reorg, the others were more or less out of luck. There are several different chapters in the Bankruptcy Code. Liquidation is only one of the possibilities.

27 In #26, liquidation = liquidation of corporate assets to repay creditors.

28

I've talked about this before and have been ignored most often,maybe now some more people will start to pay attention. If we want tostop this we have to crash this economy starting now.

Everyone needs to cut way backon their spending.Everyone needs to switch to cash, build up a supply of foriegn currency (our money is going to crash soon).

Buy onlywhat you need,stop going out to eat (invite friends over it is more fun and cheaper), stop going out to the movies (why give the lefties money), stop doing business with business owners who have supported Democrats and let them know why (this works very well in an economic down turn).

Next wemust alsotake every chance to say negative things about Obama and blame him for everything. Do not be nasty or use foul language,even try and be funny and chuckle in a sad way about it. Always give the impression that you voted forhim and are disappointed about how things are going.

When talking about Obama always leave the others in the group the out that Obama and the Dems have lied to them. People don't like to admit that they made a mistake, but they will accept that they were lied to.

 

29 Well hell.  Honestly, I'm trying to figure out how on earth commercial paper is going to be issued anymore.  After all, if the priorities can be overturned at executive whim, it's not going to be possible to accurately set the value. 

30 John Voight GOP dinner speech - awesome.

http://tinyurl.com/na3mv9

31 Voight speech:

http://tinyurl.com/na3mv9

(I'm such a fuckin' show-off now that I finally know how to do this)

32 @30 John Voight GOP dinner speech - awesome.

Voight for President.

33 @laddy: Whether or not a majority of the secured bond holders signed off on the deal or not, the other secured bond holders just had their rights of contract negated by the highest court in the land. This does not bode well for the future of American business, regardless of the wishy-washy bullshit of "in this case alone." The precedent has now been set that the POTUS and his minions may pay off union corkholsters at the expense of parties who *used* to have a legal claim to the proceeds of a "deal."

Sad times, indeed. The SCOTUS has abrogated its duty to uphold the law of the land. Let's see what chilling effect this has on the cost of corporate bonds.

34 24 We're swimming in an ocean of shit.

35

so by them saying "in this case alone", are they inviting another (better prepared) case to be brought?

 

That is my question.

Where's VIC?  He understands this stuff a lot better than I do.

36

PS-

I linked to a hot car chick in the 'Letterman's wife' thread and not one moron noticed.  You guys have let me down.  I was sure that it would have ^aroused you.

37 #34

One bright spot - chaos is waiting at the other end of that aforementioned ocean.

38

 CB at June 09, 2009 07:15 PM (9Wv2j)

CB,

when you can take the pebble from my hand hide the tinyurl inside your text, then you can leave.

39 One bright spot - chaos is waiting at the other end of that aforementioned ocean.

So, we got THAT goin' for us.

/speckler

40 like so

41 @laddy: I didn't read down far enough, I suppose. You correctly observe that the Chrysler deal isn't a liquidation, but I'm not so certain that the distinction is necessary. The value of the secured bonds was negated by the actions of the government, without agreement from *some* bondholders. I find it difficult to believe that contract law is guided by a majority or plurality option. Besides, the unsecured debt holders would still be subordinate to *ANY* secured holders, regardless of any concessions made by the bigger secured parties.

42

we must embrace chaos

chaos and moral terror are our friends

43 Posted by: Jones at June 09, 2009 07:34 PM (KOkrW)

Actually, I can.  I just can't be bothered.

44 It doesn't effect me, so who cares?

45

Unrelated, but how on earth did you guys miss this:

http://tinyurl.com/kqdfa8

Air Force pounds MILF lairs with rockets.

46 OT


what a total fraud obama is.  not only does he exempt his budget plan's 10 trillion dollar deficit (which includes the stim), he gets another 2.5 trillion in "exemptions" from paygo.

WASHINGTON (AP) -- President Barack Obama on Tuesday proposed budget rules that would allow Congress to borrow tens of billions of dollars and put the nation deeper in debt to jump-start the administration's emerging health care overhaul.

The "pay-as-you-go" budget formula plan is significantly weaker than a proposal Obama issued with little fanfare last month.

It would carve out about $2.5 trillion worth of exemptions for Obama's priorities over the next decade. His health care reform plan also would get a green light to run big deficits in its early years. But over a decade, Congress would have to come up with money to cover those early year deficits.

Obama's latest proposal for addressing deficits urges Congress to pass a law requiring lawmakers to pay for new spending programs and tax cuts without further adding to exploding deficits projected to total about $10 trillion over the next decade.

47 Let Fiat buy Chrysler then we can bail both of them out. Good thing Barry doesn't want to run the auto industry. I'd hate to see what he'd do if he did.

48 O/T (sorry if re-post)

http://tinyurl.com/n33stc

Suicide bomber strike again in Pakistan -- 11 dead, 70 wounded

PESHAWAR, Pakistan – Suicide attackers shot their way past guards and set off a massive blast Tuesday outside a luxury hotel where foreigners and well-to-do Pakistanis mixed, killing at least 11 people and wounding 70, officials said. The bombers struck the Pearl Continental Hotel at about 10 p.m., when nightlife was still in swing. The attack reduced a section of the hotel to concrete rubble and twisted steel and left a huge crater in a parking lot.

The method of attack also matched a May 27 assault on buildings belonging to police and a regional headquarters of Pakistan's top intelligence agency in the eastern city of Lahore, for which the Taliban claimed responsibility. A small group opened fire on security guards to get through a guard post, then detonated an explosive-laden van.

49 skh.pcola, if the senior secured debtholders thought they could get more from liquidation, they should not have signed off on the reorg, either trying to get more  or, not getting that, forcing liquidation of assets. Either they were coerced into signing off or thought they'd get more out of it through the reorg and equity return. I know the minority that didn't sign off on the agreement feel shafted, but that's usually the case in reorgs. I think the reason most of the secured debtholders didn't want liquidation is that the value of the assets is fairly low unless you actually produce vehicles. I think funds will be much more careful in buying any secured corporate debt in the future. I think it is a given that private funding will be very difficult for the Government Car Companies to obtain, short of coercion which I see as a distinct possibility from the current Administration. What I will never understand is why retirement funds were buying secured debt at 41 cents on the dollar in the first place. That's assuming a huge risk just on the face of it.

50 sorry cb i'll leave you alone

51

 

sock puppet got the better of me

52 no worries, jones . . . we're all in this thing together

53 so by them saying "in this case alone", are they inviting another (better prepared) case to be brought?

Posted by: dan-O at June 09, 2009 06:45 PM (teb/C)

One can only pray.

54 Repeat after me: millions of jobs destroyed or prevented since Inauguration Day.

55

My understanding is that Fiat is putting $Zero down and getting a share of Chrysler. Also Fiat is apparently $5 Billion in the hole. Do any ingenious morons know if this is the case?

One thing I know for sure, the criminals in DC should be condemned to the gallows.

56 The Supreme Court ruled only on the ability to delay the sale, saying that it was not a ruling on the merits of the various cases (consumers, bond-holders, and someone else).

57 #26 Laddy. The payment of the crediters is after the payments to the lawyers..I know! I have been screwed too many times in bank Bankrupcty Court. They get about 95 % of all the monies in the account. Less then 5% is finally given out at the end. Tell me that I am wrong!!!  

58

Fiat?  I think that's car the Lada was based on, you know the plastic and cardboard Russian car.  Wikipedia confirms my suspicions, too.  Fiat also used to sell cars in America until people stopped buying them because they were garbage.  This can only turn out well.  At least for the UAW.

59

>Repeat after me: millions of jobs destroyed or prevented since Inauguration Day.

we can repeat it til we're blue in the face, but if the major networks and newspapers don't report it, it doesn't matter

There's a wall of separation between truth and public

60

I think it is a given that private funding will be very difficult for the Government Car Companies to obtain, short of coercion which I see as a distinct possibility from the current Administration.

I would think it'll very easy to obtain private funding for government institutions.  How exactly would the private sector keep tax money from going into the new acquisitions?  Hell, I'll be suprised if there's even an attempt at accurate accounting for funds flowing into those things.

61 So depressed about yet another day of a maelstrom of bad news.

Obama's the devil.  This ruling, we just imported our first Gitmo terrorist ("detainee," or "inmate" according to MSM tools), the exclusions to the phony pay as you go.   And more suicide bombings.

Not that it helps, but at least Boehner said this about the Gitmo thing,

House Republican leader John Boehner of Ohio labeled Tuesday's move "the first step in the Democrats' plan to import terrorists into America."

But journalists are still elated!  Grinning ear to ear.  I want what they're smoking  because that is the good stuff.  Maui wowee laced with a psychosis like break with reality, I'm guessing?  Just share is all I ask now.  

62 #55    Fiat is putting Zero dollars in for 20% of the company.  Their role is to provide their small-engine technology.

63 funfuckingbelievable!!

64

#55    Fiat is putting Zero dollars in for 20% of the company.  Their role is to provide their small-engine technology.

Thanks ICBM. Let me also take this opportunity to repeat that most of our political whores in DC should be hanged. Thank you.  

65 Crap. There went our bankruptcy laws. I guess I need to stock up on more ammo if the rule of law is going to go out the window.

66 62 #55 Fiat is putting Zero dollars in for 20% of the company. Their role is to provide their small-engine technology.
Posted by: ICBM at June 09, 2009 08:07 PM (EgpWJ)

You mean the same great technology that has almost driven Fiat out of business?

Wow.

67 Fix
It
Again
Tony

68

#55    Fiat is putting Zero dollars in for 20% of the company.  Their role is to provide their small-engine technology..........ICBM

I would have taken 10% and told Chrysler about the steroid injected hamsters Fiat uses. And who the fuck owns a Fiat? Euroqueers and jihadist suicide car bombers.

69

#68. Agreed. Who in their right mind would buy a freaking Fiat?

70

Laddy, my understanding is the 5th amendment (the one dealing with government takings without due process, anyway) was undermined

You know, I don't know all the truth of this (and it happened under Bush) but a lot of people claim that Washington Mutual Bank was well capitalized at the time of FDIC seizure.

And a lot more people claim that it was the FDIC's seizure of a not-all-that-dire WaMu which created a panic which led to the run on Wachovia.

(Fact: Wachovia, which the FDIC then tried to firesale auction off to Citigroup for a literal fraction of the price Wells Fargo was willing to pay, had already offered, and ended up paying.  I believe like 1/12th.)

Meanwhile, many many people are saying the siezure of WaMu and Wachovia directly created the "credit crisis" which neccessitated the TARP, because banks stopped lending and began hoarding cash to improve liquidity out of fear of overzealous government siezure.

(Fact: The TARP - and it's accrued interest - that was then FORCED on banks whether they needed it or not in order to obscure which ones really needed it, and the TARP that Obama is now using to exhert government control over the financial sector).

So, that would mean...  the whole damn financial crisis and economic disaster was started by FDIC Chairman Sheila Blair, basically.

I'm fairly fucking confident on that particular part, actually. Goverment totally did this, and I'm not talking about the Community Reinvestment Act (the implosion of which did put the banks into a bit of financial pain and cause the housing bubble and subsequent collapse). A subject anyone who bought into the panic over the 'credit crisis' would do well to study.

And this may be projections of nefarious motives to explain what is otherwise inexplicable, incomprehensible incompitence, but there's some claims that she was in less then exactly legit discussions with the Jamie Dimon, CEO and Chairman of JP Morgan Chase (who bought WaMu), and that JPM may have been involved in undermining WaMu by downplaying their liquidity it in what amounts to a planned hostile takeover with Federal help.

I also know that, fact, currently in dispute in WaMu's bankruptcy hearings, JPM contends that 4 billion dollars on deposit in WaMu by the bank's holding company, Washington Mutual Inc., were part of the purchase agreement and assets sold to JP Morgan by the FDIC.

JP Morgan bought WaMu for about 1.9 billion dollars. They're saying that with that 1.9 billion dollars, they purchased the 4 billion dollars cash deposit in the bank (along with 200 billion in customer deposits, the trademark, the bank locations, the ATM's, the credit companies and assorted other assets and debts).

They bought 4 billion with 2 billion from the FDIC. Sort if like if I sold you 4 one-dollar bills (and my house) for 8 shiney quarters.

8 quarters I didn't recieve, because the feds were holding it to pay off my creditors after you told them I was insolvent, despite my protest, despite $4 in cash and a free-and-clear house, and despite the fact that I was at the time in negotiations to sell my home for $60, before I was forced to take the $2 deal.

How's that for your 5th ammendment?

If true? That's flat out scarey shit. And this happened under a Republican president. Like 'socio-political thriller' novel shit. I'm lost in a Tom Clancy book or something.

71 After all of our money Chrysler will still fail, banks will still close, unemployment will still rise, rates will still go up, people will still default.

The only thing we've "fixed" is our freedom and our childrens' future.

72 Probably too late to make a difference, but apparently the Justice Department settled an "oil for food" corruption case against Fiat just days before the Chrysler deal was initially announced. This was right before X-mas and received virtually no media coverage.

It sure seems like there was political influence involved to clear the decks for the Chrysler deal. And significantly, it's a DEFERRED prosecution agreement which gives the US Gov ongoing leverage against Fiat.

See here for more details:

http://tinyurl.com/nkqmbs

73

I don't fear the military/industrial complex. I fear the government/media complex.

Another interesting thing. Read the Eisenhower speech.

In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.

...

Yet, in holding scientific research and discovery in respect, as we should, we must also be alert to the equal and opposite danger that public policy could itself become the captive of a scientific-technological elite.

And:

The prospect of domination of the nation's scholars by Federal employment, project allocations, and the power of money is ever present -- and is gravely to be regarded.

74 @laddy, good points. Those funds were buying risky debt for 41% of par for the same reason all of those rubes got burned by Madoff...they thought that somebody behind the curtain would sprinkle magic dust on the notes and the returns would kick ass. No matter that reality and past experience would suggest otherwise, that's immaterial when people take a crap shoot.

And, don't forget, the dissenting secured bond holders were tainted with the "terrorist" epithet by The Øbamateur's Car Czar™. Of course they were coerced...why would they cede contractural rights to their $?

75 Entropy, the whole thing has been a clusterfuck of epic proportions. We know banks and other institutions were coerced. They've already said so and Paulson and Bernanke haven't denied it. We know reasonably healthy banks were forced to take TARP  money whether they wanted it or not. We'll likely never know the truth if we even survive all this.

76

Fiat website. Ugly little cars. The kind your President wants to put you in.

They'll get my F150 when they pry it from my cold dead ass.

77 Every day I feel like another little piece of America dies.

78 #73 xlnt - good points- thanx

79

Good stuff Entropy. Let me add some fuel to the fire.........

Apparently Saudi Arabia has asked the US to pay for its oil in gold; the dollar due to Hussein's irresponsible spending is further devaluing the dollar. Also, I'm almost sure it was Geitner, was laughed off the stage at an international economic summit when he assured other nations of the dollars strength and Hussein's economic policies.

The house of cards will come crumbling down soon. Civil unrest looms as job losses mount into the millions; chaos will be brought to the political whores doorstep and justice will finally be served.

80 #79

I remember Turbo Timmy's embarrassment concerning his belief that buying US debt is a safe bet (it was Chinese laughing students IIRC).  Somebody here referred to Geitner as a "retarded Albert Speer" and I have to concur.

As for chaos, let's hope it's a cleansing chaos and not a totally destructive chaos, such as the one the son of Zeus is bringing to the doorstep of Mt Olympus.

81

>The house of cards will come crumbling down soon.

'the press', which is as complicit in the current wave of malfeasance as the politicians, must also bear some responsibility. They are all whores, sucking and feeding off each other.

 

I would very much like to see Chris Matthews strung up by his heels in Lafayette Park, a la Mussolini...

82 What we need is someone with the balls to say this nullifies the Michigan vote in 2012.  The problem is there are still those nebulous other 7 states Barry likes to refer to.

83 @ Laddy, thanks for your posts. Excellent material!  This has got things going! The Law has many twists and turns. Still, people have got to do the right thing, or the wrong thing. Even in our Constitutional History, some wrong rulings have somehow been righted.. Take the Dred Scott decison! 

84

As for chaos, let's hope it's a cleansing chaos and not a totally destructive chaos, such as the one the son of Zeus is bringing to the doorstep of Mt Olympus.

Kratos, it will be organized chaos. I'm investing in rope.

85

I would very much like to see Chris Matthews strung up by his heels in Lafayette Park, a la Mussolini........Jones

As Matthews would say, that gave me a tingle up my leg.

86 76  gawd, what ugly little tin can cars.  If those appear all over my highways with American names we won't be able to deny we are morphing into Europe. 

Meanwhile the EU is voting in Conservatives, Israel went with the hardliner in reaction to our election, and China is becoming an entrepreneurial and industrial powerhouse.

The Soros one world re-alignment is nearly complete.
__

BTW how does the AP get away with reporting job loss numbers are less bad than expected?

87

We know reasonably healthy banks were forced to take TARP  money whether they wanted it or not.

Yes, we all know that. But not all of us know it in that (possible) context I've outlied.

And we all know about the CRI, which is insidious and played it's own part, but I think early on we actually blaimed it too much for what happened.  Not because it did not deserve the blaim, but merely because it didn't happen to actually do it this time.

The scenario I've outlied implies that the entire financial crisis was not just the governments fault but in fact, completely made up in oedipal fashion. Again, a point worth making to the many many conservatives that believed Bush and Bernake when they said we had a credit crisis that required immediate intervention.

A real credit crisis which was created entirely out of fear of what actions they might take in order to avert another "credit crisis" that existed only in their imaginations.

But more importantly, if true, the planned and intended sabotage of WaMu by JPMorgan with the aid (willful or otherwise) of the FDIC is something mindblowingly awful all on it's own. Especially so if it was in fact prompted by some corruption within the FDIC and favoritism toward JP Morgan Chase & Co. I've no doubt that some favoritism toward JPM occured, it's simply a question of degree, and how blatant (versus rationalized) it was.

Any pretense of a free market, liberty, or capitalism is shredded. It is called oligarchy and indistinguishable from Putin's Russia. It frankly brings to my mind documentaries about Swiss collaboration with NaZi's and the 'disappearance' of Jewish desposits, of smuggled artistic masterpeices, Dutch tulips or French popes.

It'd make a great Dan-Brownesque novel, frankly. Except it's, y'know... not absurd and might have just fricken happened.

It's frankly scary.

88

'the press', which is as complicit in the current wave of malfeasance as the politicians, must also bear some responsibility. They are all whores, sucking and feeding off each other...........Jones

There are enough trees to accommodate.

89 Where's Jack M. been?  Is he still posting?

90 #87  There were reports that in September, 100's of millions of dollars were yanked in a short period of time from money markets.  To what extent was this a factor in the seizing of the markets?  It certainly would play a large role in liquidity issues.

91 #55    Fiat is putting Zero dollars in for 20% of the company.  Their role is to provide their small-engine technology.

Then Briggs & Stratton would have been a better fit. Hell, at least they're an American company.

92

Any pretense of a free market, liberty, or capitalism is shredded. It is called oligarchy and indistinguishable from Putin's Russia...........Entropy

Putin's Russia happens to have a far fairer tax code than us and overall we're taxed more than some socialist nations without the benefits. We also have the second highest corporate tax rate in the world which discourages investment. We have fallen so far. Bring on the chaos.

93 @ #86 sis, Follow the money. AP thinks the they will get the most rewards by following BHO. It is that simple. They will follow the polls. If the polls or 45% in favor of BHO, and another is in the lead, they will go with the one who is in the lead. Follow the money whores. Sorry to say it that way!

94

OT (newsbusters)  Actually it is because we let this type of thing go unchallenged for so many years, that BO is able to do what he is doing today.  We never hold the media accountable.  The only outrage I can really remember was when Janet's boob showed for less than a second.  Everytime we didn't protest, write letters, cause a stink, or refuse to purchase from companies that advertise with, or are affiliated with, the 'news' program/network in question, we let them take their bias further and further.  We, the American people taught them it was okay and that we didn't really care.  They are like 4 year old - they will push and push everytime you allow them to get away with something, until pretty soon, they are telling the parent what to do.

Anyway:

Chuck Nice, VH1 comedian, on the Today Show said, "...Please don't take it the way it sounds. But, Sarah Palin to the GOP, this is what I've got to say, she is very much like herpes, she's not going away."   ...no one on the program really challenged Nice on his ugly remark. NBC News chief legal analyst Dan Abrams mildly observed, "That's the advantage of being Chuck Nice. You can say that and there's no repercussions." Nia-Malika Henderson, the White House reporter for Politico, said nothing.

http://tinyurl.com/klbq4g

 

95 Fiat does own Ferrari and Maserati. Neither that Obama will be allowed to be sold to anyone other than A List Donors in Hollywood.

96

So what will O and crew do to cripple Ford?  Forty percent of CURRENT GM owners have said they'll not buy another.

Government Motors can't survive with that kind of crash in its market share, considering that it wasn't going to make all that many anyway.

So O will have to do something to even up, which means screwing Ford by whatever means.  Of the means available, all are illegal and immoral.  That's a surprise.

 

97 If you are listening to this, you are the resistance.

98 Many moons ago as a young petty officer stationed in Italy I had a small orange Fiat of some unknown variety.  It had been passed down by many before me and could run just enough.  The doors were practically falling off, none of the gauges worked, and the gears would slip at very inopportune times.  Finally one night after a jug of vino with my friends piled into this clown car it died in a puff of smoke.  I left it on the side of the autostrada and we walked home never to see this piece of crap car again.  How appropriate to what is happening to the U.S. car industry now.

99

I think it is a given that private funding will be very difficult for the Government Car Companies to obtain, short of coercion which I see as a distinct possibility from the current Administration.

Are you kidding?  Obama runs the banks too.

100 93
Follow the money whores. Sorry to say it that way

Truth is always the ultimate defense.  lol

101 Actually, with all of the Americans that will be killed when they have  traffic accidents in their new little clown cars Obama may actually honestly say that his administration has created new job "openings".

102 I'd like to applaud the Supreme Court for finally making the right decision today.  Now once my gal, Sonya gets on the Big Bench, we won't have those little hiccups like we saw yesterday with Justice Ginsberg.  Like I told the prosecutors and cops today, Sonya understands, she has Baraak's and my back.

103

Then Briggs & Stratton would have been a better fit. Hell, at least they're an American company.

You won't find a Briggs & Stratton motor that runs for much longer.

They flat out tell you not to put ethanol into the gas tank.  It destroys the seals on the engines (as it does to many older cars and marine engines). 10% ethanol is currently mandated by many states, being mandated by others, and in some places the fucking cornhusker's lobbies are pushing for an increase to 15-20% ethanol.

Besides alchohol degrading some types of felts and rubbers used in gaskets, the problem (especially with Briggs and Stratton) is that alchohol absorbs moisture (which causes rust).

And what's more, when left to sit for long periods of time (ala lawnmowers and weed wackers and most Briggs engines) after absorbing water the ethanol causes seperation in the gas which leads to the formation of acids which destroy fuel lines. Which is why B&S tells you to store the motor dry and with half a tank of gas in it.

Backup and emergency generators are another quandry.

As we speak ethanol is destroying engines all over America and as the mandated ethanol content spreads and increases it'll only get worse.

As it turns out, even brand new E-85 flex fuel cars, which were designed to run on a high ethanol-gas blend, are often damaged by pure ethanol which is increasingly being found coming out of the pumps marked E-85.

I'm just a happy happy man tonight.

104 Unfuckingbelievable!
 So, to recap...The Constitution and all it stands for just went ziiiiip out the window?
 I will never buy any American cars ever ever again. And I will add that I will never buy anything [if I can possibly avoid it] that was made by union thugs workers.
 Screw them and let them rot in hell where they belong.
 Frickin' parasites.

105 Hey now, don't be hatin' on my state of Nebraska.  The whole corn-fuel-food dealie thing, that's all Iowa's fault.  And Illinois'. I swear.

106 61 So depressed about yet another day of a maelstrom of bad news.

Obama's the devil.  This ruling, we just imported our first Gitmo terrorist ("detainee," or "inmate" according to MSM tools), the exclusions to the phony pay as you go.   And more suicide bombings.

Not that it helps, but at least Boehner said this about the Gitmo thing,

House Republican leader John Boehner of Ohio labeled Tuesday's move "the first step in the Democrats' plan to import terrorists into America."

But journalists are still elated!  Grinning ear to ear.  I want what they're smoking  because that is the good stuff.  Maui wowee laced with a psychosis like break with reality, I'm guessing?  Just share is all I ask now.  

Posted by: sis at June 09, 2009 08:07 PM (hm0CN)

nice summary and agreed.  Scary news day today.

you didnt even mention the fucking Palau deal either...200 million to take the Uighers ... what a disaster

107

anyone want to buy some "secured" bonds?

 

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Which is why B&S tells you to store the motor dry and with half a tank of gas in it.

Not. Not with half a tank of gas in it. Empty the gas out.

Ethanol makes it that much more important that you have fresh gas.

110 105  Jeff

Hey, how's the new workout regimen going?   Hope you're sticking it out, roughest in the beginning.

111

 I will never buy any American cars ever ever again.

AMEN BROTHER.  But we can't just promise among ourselves to boycott Government Motors.  That won't make a difference.  We've got to spread the word.  We've got to get our friends and neighbors just as pissed off as we are.

 

 

112 Oh, telephone ....
GB

113

Hey, how's the new workout regimen going?   Hope you're sticking it out, roughest in the beginning.

Hey sis, it's going okay.  Been going to the gym every day now, and not eating so much.

114

>Kratos, it will be organized chaos.

you mean like hockey?

115 80 #79

I remember Turbo Timmy's embarrassment concerning his belief that buying US debt is a safe bet (it was Chinese laughing students IIRC).  Somebody here referred to Geitner as a "retarded Albert Speer" and I have to concur.

Now that's hilarious.

116 chemjeff....that's amen sister to you.......heh.
 People are mad, the problem is the media isn't reporting it. They are just flat out lying about it and you know what that will get us?
 An information"bubble". Just like the housing bubble and tech bubble. When the truth finally comes out, and reality hits ....and we aren't north korea yet....the shit will hit the fan.
 And this won't be a clinton moment, this will be a "pass the ammo" moment.
 Just a wild guess there.....
 Which ,of course, would be soooo wrong right? I mean none of us would ever be involved in anything like that.....wink wink

117

Here's a Yahoo poll for you to take: http://tinyurl.com/nf534g

Q. The president's progress with the battered economy has been both praised and criticized. How well are his efforts measuring up with you?

 

Ext. well = 19%

Fairly well = 14%

Not well at all.  His plans are hurting more than helping = 65%

118 #101 Cheri.  Since when has truth gotten in the way of political gain? If you are 59 and 1/2 (or older) The gov. wants you dead. That is a fact with the Obama regime. If you do not buy a Government Motors or Chrysler product. you will have a visit by the IRS, FBI, Homeland Defense, ATFE, etc. By the way, the "E" in ATF/E  is for Energy. Surprised?  2 years ago they  put this into law. they can come in your abode  and haul you off to jail!  A energy hog you are.. Off  to GITMO you go!  

119 Okay christmasghost my bad but you get my point, we can't rely on the MSM getting the truth out there, because THEY WON'T.  We've got to be the ones to tell them about the Chrysler shenanigans.  I'd bet $10 that half your friends, or my friends, don't know the first thing about what's really going on with Chrysler or GM, all they know is that they were "bailed out", but they don't really know about the thuggery on the part of Obama.  That's our job to get them so pissed off.

120 113    Jeff     Ooh.   Excellent.   So you'll be all energetic and ready when we have the next Moron meet up over at your place.   We'll bring the corn and beef, but we'll be sure to buy local.

117  Momma

That's great.  That many Yahoo readers can read through their propaganda?   Hope springs eternal.

121 117 Momma - took the poll and can take some solace that the majority on this one little poll are calling it like it is.

118 - Mystry - I feel the pain and the fear.  But I believe that O's throne will fall well before then. The devil always overplays his hand and there will be a day of reckoning.  I too will not support union/administration efforts to destroy our country.  I'd sooner buy a car made in Bahgdad.

122

At any rate

Ethanol: http://tinyurl.com/qwkfe5

WaMu: http://tinyurl.com/dngc7a

As for alleged wrong-doing toward Washington Mutual, this is currently being adjudicated in court. So like this Chrysler case was until just now, basically.

There is currently several shareholder lawsuits against the FDIC and Sheila Blair, and currently, WaMu is suing the FDIC for tens of billions of dollars and also began a lawsuit against JPM.

And Blair is still FDIC chair.

123

sis yoobetcha

124 #120 I am a YAHOO person. Not by choice however. The yahoo people however do a lot of strange things to my computer however. I HAVE ONLY BEEN DOING THIS IS ABOUT 2 MONTHS. Help me , I am stupid and need lots lots of help! 

125 FROM MY COLD DEAD HANDS  ASS

126 O/T - There has been a call to action from the Hillbuzz boys to fire off some protest letters and phone calls to CBS and it's sponsors for the sickening statements by David Letterman in regards to Sarah Palin. 

http://hillbuzz.org/2009/06/09/not-on-our-watch/

This kind of stuff has to stop, especially the attacks against her children.

127 chemjeff   "That's our job to get them so pissed off."
 Why that sounds like an assignment right up all our alleys...doesn't it?
And I should add, it does matter where and from whom people buy things. No GE, no "american" cars...etc.
 We need to contact advertisers too. If everyone calls every advertiser  that uses, say NBC [or Nothing But Crap] as it is better known...and tells them politely but firmly that as long as they are doing business with these companies you won't be doing business with them.....it will make a difference.Libs aren't exactly the buying powerhouses and these companies damn well know it.
 Does anyone else throw up in their mouths every time they hear that damned GE commercial stating that they are the most military friendly company evah?
 As my husband dryly asked..."yeah, but who's military are they talking about? Iran?"
 Screw them all...this is WAR. No unions,no union made goods, no "american" cars....nada.

128

Go here: http://tinyurl.com/bu5hw3

Read it. "Love or lust, Obama and the fawning press need to get a room"

Pixy won't let me post the good stuff.  I've been trying for 10 min., sorry.

129 It's ironic Hussein is stealing giving Fiat 20% of Chrysler for essentially nothing considering we now have a fiat currency.

130

Momma

I read that piece at SFGate- good stuff

A partisan press that's nothing but a cheerleader for its favorite candidate- "Dear Leader"- is something we saw in the USSR, or today in  North Korea- never thought I'd see it here in the USA. But here we are. I feel this development is as big a danger to the republic as any terrorist plot-

131 Jones @ 125 - Nice

132 Mystry @ 124 - Help me , I am stupid and need lots lots of help!

Well, this is the home for Morons - welcome aboard!

133 Cheri that's just a pic I found online- mine's silver with bigger tires :-)

134

Jawa found out how Government Motors is going to sell cars.

Another voucher program!

So, vouchers for used 'gas guzzlers' = GREAT!

Vouchers for poor, mostly inner city, minority children, that want to get a better education than the one offered by their local public school* = scratched from budgets in most Dem states, then added back in some, if public found out.

 

*read - EPIC FAIL

135

>Kratos, it will be organized chaos.

you mean like hockey?.........Jones

Yes, with lots of sticks and cross checking. There will also be many personal and flagrant fouls.

136

Momma @134

 

I did NOT see that one coming. _(snark)

137 next will be a tax  penalty for every year I bitterly cling to my F150, and not 'surrendering' it in exchange for a new 2012 Hopevagen

138

Jawa found out how Government Motors is going to sell cars.

Another voucher program!

Taxpayers are going to subsidize the purchase of product from a nationalized taxpayer subsidized company with the financial backing of a bankrupt govt that has printed itself into insolvency.

Burn it down.

139 God I'm glad my Dad is not here to see this

140

Jawa found out how Government Motors is going to sell cars.

Another voucher program!

Hey, I love that idea.  I'll use the money to turn in my 9-year-old car and buy me a car made with non-union labor for a capitalist company, for a change.

141 You vill drife die Hopevagen, unto you vill LIKE IT

142 Thank goodness for this blog. It is now my first stop when I go online. I actually found it from LGF. No longer go to that site. Thanks to Ace and all the commentors, you keep me in the loop with just how f'd up Obama is making our America, I rarely watch tv because of the bs that permeates everything from the news to the shows with the liberal story lines. Anyway, Thanks all!

143 Ya know, We all say we wont buy the crap cars, trucks etc. that teh gov will impose upon us. for now. My old chevy truck (1970)  will require major repairs soon. The 1970 stuff is going obsolete, now, has been for a while. So, my point is, How long do you think it will take this current regulations  of "green 45 MPG " to go obsolete?  One Year? Try six months.  And the cost? Priceless.

144 I think this is the "Get off my lawn" moment....only on a national scale.
Won't the census be fun?

145 Welcome to our new world.

146

Jones-

I totally agree.  The media is even more guilty IMHO.  It is their duty to report the news - all of it.  They have power because people trust them.  People never trust the President, they should be able to, but they understand sometimes he has to fudge the truth.  Reporters on the other hand must tell the entire truth.  They do news stories and commentaries all the time about how the GOP is keeping minorities down.  I think that the media is mainly responsible.  A lot of poor minorities do not get on the net, read anything but their local paper, and trust the main 3 (cuz they're free) to give them the truth.  They don't even know that their opinions, based on the 'news' stories, are based on nothing but half truths and down right lies and slander.  They don't know there is bias in the media because they have never been shown the other side.   Think about it, if they knew that raising the minimum wage was actually going to cost their children jobs, would they support it?  What about the truth behind ACORN?  What about school vouchures, teacher's unions, etc.  Large blocks of minorities would vote differently (eventually) if the new the entire 'news'/truth.

Sometimes I wish there was a PAC that was willing to hold meetings, talks, etc., to educate people about the bias.  Hell, I'd pay money for a PAC to pass out pamplets that just list examples of their clear bias.

147 H.J...... learn to fix your own car. I am a girl and I rebuilt the engine on my Saab Aero turbo.Yes, I had the whole "I'm a girl please help me" thing going...but if I can do it....
 Look online and in junkyards for parts. Shoot we have a willys jeep that is older than dirt and we keep it running fine, and a corn binder truck.
 Extra points for those of you that know what a corn binder is WITHOUT google-ing..
 Cause, you know, that would be cheating like barry does all the time...
 BTW...anyone know the status of SAAB off the top of their heads?

148

Sometimes I wish there was a PAC that was willing to hold meetings, talks, etc., to educate people about the bias.  Hell, I'd pay money for a PAC to pass out pamplets that just list examples of their clear bias.

Uhhh... Media Research Center?

149

Heh.

Recycling posts is easier then writing new ones.

Now I see why Ace does it all the time.

150 When we get rid of our 2000 Grand Caravan (bought used at a Toyota dealer) we will get a Highlander and so have 2 Toyotas again (the other one is a 2000 Camry with 217,000 miles on it). I don't think I have ever seen a Toyota, especially one made in the past 20 years, die of natural causes. I guess those Japanese guys know something about making cars. Screw the UAW. I remember in the 80's when everybody was afraid of the Japs taking us over financially. That doesn't sound quite as ominous now, does it?

151 Jones @ 133 - yea, that's what they all say...bigger tires!

152 Jones @ 139 - I was thinking the same thing.  My dad died in 1994 from stomach cancer - WW2 and Korea fighter pilot.  Grew up hard in Youngstown Ohio as an  orphan no less.  Tough guy but this would have killed him faster than the cancer.

153 C. Ghost, allready scrounge thru the bone yards..thx. my thought was there will be no bone yards to look at with the new coming GREEN  tec. A new, used, Battery cluster wire from one of these new obbambi  must buy cars. Stinks to high heaven.

154

So to my non-legal mind the SCOTUS basically said:

"This break-up of Chrysler is probably illegal, however, because we're not actually looking at the merits of your case we won't decide on that. Because you idiots didn't word your request properly we're gonna let it go through"

Is that right? WTF?

You know I really wanted to get one of those new Challengers, one of those SRT8s with a Hemi. Guess I missed out again.

Say, didn't Chrysler own Lamborghini? Or did they sell that off already?

155 I drive a KIA - nice car and cheap.

156 H.J. .... yeah I see your point.
 This sucks beyond all sucking in the past.
 So we are all socialists and muslims now?The world according to barry the little dipshit that has never even had a real job....
 Great, just effing great.
 Fuck em....

 need more ammo....much much more.

157 Hyundai, Volvo and Jaguar here.

Plus a 1975 Olds in the proces of being restored.

I used to drive a Dodge Durango and, when that shit the bed, I was looking at a new Dodge Magnum.  After test-driving it, however, I realized it was a cheap POS and I figured nothing else was worth what they were asking, so I went cheap and reliable with the Hyundai.

Today, you couldn't pay me to even test drive a Chrysler or GM product.  Fuck the UAW.  You, and the stupid execs, killed the golden goose.  Fuck off and die, you greedy fucks.

158 There will be hell to pay. We number over 1 million. We worked 30 years and expect for you, the taxpayer to treat us as if we had dodged bullets in the military for 30 years. No, make that better than military.

We want you to continue to pay for cars based on a formula for covering (and failing miserably) retired worker cost. We want that juiced up retirement package. And we want you to pay for it with your federal income taxes withheld. We fail to see a problem with any of this. RB Ginsberg tried to have our back, but she's just one batshit crazy liberal. It's going to take more than one to pull of a scam of these epic proportions.

159 runescape gold runescape money runescape accounts runescape power leveling

160 Stupid, wrong and ill-advised does not always equal unconstitutional.

"the Court appeared to be unanimous in letting the sale occur with a massive infusion of money from the U.S. government"

I hesitate to disagree with Scalia, Thomas, Roberts and Alito all at once.

I mean, I'm reaaaaly smart, but, 4 on 1, with them being professional and all, maybe I ought to defer....

161 Donald, dude, you resigned, so give up my effing hash!

162 If you think people will boycott New Chrysler because of the government dirty dealing - I disagree. In another forum, I've seen all kinds of unethical backstabbing, theft of intellectual property, and a sick man cheated out of the profits of his own invention. People flocked to buy a Chinese clone of his product because they could get it a few dollars cheaper. Americans care about price in the here and now, and think nothing about quality or the long term. Present company excepted, of course, but the typical American consumer is a stupid, cheap bastard. People like us may steer clear of it, but the rest of the rats will gladly take the government cheese.

163

Does anyone believe you are protected let alone represented by the US government?  That it acts in anything other than the Chicago mob?  That the GOP is really different from the dhimmies?

This country needs a revolution.

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