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  1. #1 Romney op-ed: Taxpayers should get GM shares' proceeds 
    Senior Member Arroyo_Doble's Avatar
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    Romney op-ed: Taxpayers should get GM shares' proceeds




    I am a son of Detroit. I was born in Harper Hospital and lived in the city until my family moved to Oakland County.

    I grew up drinking Vernors and watching ballgames at Michigan & Trumbull. Cars got in my bones early. And not just any cars, American cars.

    When the president of American Motors died suddenly in 1954, my dad, George Romney, was asked to take his place. I was 7 and got my love of cars and chrome and fins and roaring motors from him. I grew up around the industry and watched it flourish. Years later, I watched with sadness as it floundered.

    Three years ago, in the midst of an economic crisis, a newly elected President Barack Obama stepped in with a bailout for the auto industry. The indisputable good news is that Chrysler and General Motors are still in business. The equally indisputable bad news is that all the defects in President Obama's management of the American economy are evident in what he did.

    Instead of doing the right thing and standing up to union bosses,Obama rewarded them.
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  2. #2  
    Senior Member DumbAss Tanker's Avatar
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    Kind of an awkward time for him to take that tack, with Michigan's primary coming up. Either he completely overestimates how well he'll do there, or he is willing to burn it to try to get some Populist cred. Doesn't seem like a super-good plan either way.
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  3. #3  
    Zoomie djones520's Avatar
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    Personally I'm getting a bit sick of hearing about "American Cars". Hyundai and Kia, and I believe Honda, are all building factories here in America, while the "American Cars" have been moving to Mexico.
    In most sports, cold-cocking an opposing player repeatedly in the face with a series of gigantic Slovakian uppercuts would get you a multi-game suspension without pay.

    In hockey, it means you have to sit in the penalty box for five minutes.
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  4. #4  
    Best Bounty Hunter in the Forums fettpett's Avatar
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    Quote Originally Posted by djones520 View Post
    Personally I'm getting a bit sick of hearing about "American Cars". Hyundai and Kia, and I believe Honda, are all building factories here in America, while the "American Cars" have been moving to Mexico.
    Don't forget Toyota, one of the biggest car manufactures in the US. GM, Ford, and Chrysler all build a majority of the vehicles in Canada or Mexico, but they are "assembled" at some plants in the US.
    "Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings..." Patrick Henry
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  5. #5  
    LTC Member Odysseus's Avatar
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    I suppose that it's an improvement on the stock belonging to the auto unions, but it's still a bad idea. GM should have been allowed to reorganize under Chapter 11, but that would have meant reviewing existing contracts and obligations, something that the unions would not allow.
    --Odysseus
    Sic Hacer Pace, Para Bellum.

    Before you can do things for people, you must be the kind of man who can get things done. But to get things done, you must love the doing, not the people!
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  6. #6  
    Best Bounty Hunter in the Forums fettpett's Avatar
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    Quote Originally Posted by Odysseus View Post
    I suppose that it's an improvement on the stock belonging to the auto unions, but it's still a bad idea. GM should have been allowed to reorganize under Chapter 11, but that would have meant reviewing existing contracts and obligations, something that the unions would not allow.
    just think, if they had been allowed to do that, Saturn and AM General would still be around
    "Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings..." Patrick Henry
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