Comments on: White House Blackmails General Motors’ CEO To Resign

By: Quote Of The Day | Politics News

Quote Of The Day | Politics News — Wed, 08 Apr 2009 15:02:25 +0000

[...] industry are harangued for use of private jets, demanded to work for $1 salary, and finally fired by the President. And we watch the executive/appointee revolving door between Goldman Sachs and Washington [...]

By: The Liberty Papers »Blog Archive » Quote Of The Day

The Liberty Papers »Blog Archive » Quote Of The Day — Mon, 06 Apr 2009 19:34:22 +0000

By: Akston

Akston — Mon, 30 Mar 2009 20:05:46 +0000

if you can’t prove you know where the market is heading and demonstrate you can get back in front, then there’s little reason to support you.

Exactly. Which is why no company is too big to fail. The market normally removes companies that can’t or won’t go where the market is going. It’s called Bankruptcy.

Bailing out failures simply assures more failures remain.

By: Adam hartung

Adam hartung — Mon, 30 Mar 2009 17:09:31 +0000

This is what happens when you lose your position as #1. It doesn’t take long for people to start envisioning a world without you. GM started on the road to irrelevant years ago by focusing internally rather than on the market – missing all major shifts and becoming also-ran. Obama’s team is telling everyone (auto and banking) that if you can’t prove you know where the market is heading and demonstrate you can get back in front, then there’s little reason to support you. Read more http://www.ThePhoenixPrinciple.com

By: The Crossed Pond » We’re Not Nationalizing Them

The Crossed Pond » We’re Not Nationalizing Them — Mon, 30 Mar 2009 15:12:46 +0000

[...] it’s not like we’re running them or anything. posted in: [...]

By: Obama Fires GM CEO Wagoner and his Board

Obama Fires GM CEO Wagoner and his Board — Mon, 30 Mar 2009 11:56:00 +0000

[...] Doug Mataconis at Liberty Papers believes “there’s something shockingly wrong about this. The President of [...]

By: tarran

tarran — Mon, 30 Mar 2009 10:53:34 +0000

Incidentally, this is a unique characteristic of fascist economies: private ownership of the means of production, but operating under government orders.

By: Stephen Gordon

Stephen Gordon — Mon, 30 Mar 2009 06:23:19 +0000

The more spectacular resignation letter came from Jake DeSantis of AIG. Every American should read it, if they haven't, already.

By: Quincy

Quincy — Mon, 30 Mar 2009 04:46:25 +0000

When the piper is stupid enough to take money from a con-man, he shouldn’t bitch when the con-man calls the tune.

By: ahrcanum

ahrcanum — Mon, 30 Mar 2009 04:30:38 +0000

So much for the share holder’s opinion.

Bend over.

By: General Motors CEO Rick Wagoner To President Obama: We Need Government Financial Aid. President Obama To GM CEO: AGREED, And By The Way, You’re FIRED | THE GUN TOTING LIBERAL™

Mon, 30 Mar 2009 04:07:08 +0000

[...] from the “outraged right”, of course): The Liberty Papers (get this) calls this “blackmail“; The Wizbang Blog calls this a “disaster“; Hot Air is suggesting this just [...]

By: ahrcanum

ahrcanum — Mon, 30 Mar 2009 04:05:14 +0000

So much for the shareholder’s opinion.

By: Akston

Akston — Mon, 30 Mar 2009 02:50:27 +0000

I agree. The camel is now in up to its neck. Isn’t a hump usually next? What position should we assume for that one?