During an Interview on Saturday, the President said:
"Ultimately, I think that GM is going to be a strong company and we are going to be pulling out as soon as the economy recovers and they've completed their restructuring," GM has offered their Bondholders 10% of the "New" Company as Obama has ordered them to Do. But many of the Bondholders listed this as unfair since they should be allowed 90% of GM.
This Dispute could mean that GM will be going into Bankruptcy in the Next Couple of Weeks.
The Administration forced Chrysler into Bankruptcy in a Similar Manner, after Threatening the Bondholders of Chrysler to Fall in Line or be "Destroyed". The Restructuring of Chrysler has led to Company that is owned by the U.S. Government, Canadian Government, UAW Members and Fiat.
The President also said:
"You are looking at a substantial market that is going to be available for U.S. automakers if they've made some good decisions now, and if they are building the kinds of fuel efficient, high performance cars that American consumers are hungry for,""I think GM and Chrysler can do that," he added. "We're confident that they can emerge and take advantage of that new market and actually be very profitable and thrive, but it means going through some pain now."The President also made it clear that the Government Doesn't want to be running the Companies:
"We want to get out of the business of helping auto companies as quickly as we can," he said. "I have got more enough to do without that."Normally I would just post the Link to a Story and Leave it at that, but this story Needs further Explanation.
The Idea that the Government is going to "Pull Out" of these Companies is Wrong. The Government is deciding WHO IS ON THE BOARD OF DIRECTORS. So even if the Government "Pulls Out" of these Companies on Paper, they will still be running them since the Government HIRED THOSE RUNNING IT. So this Story is Bull.
Let me try and explain what is happening.
Lets say you own a Business that happens to make Cars and you employ Thousands of People.
Due to a Middle East Artifical Fuel Price Increase your Sales Drop because before this increase people wanted Big, Safe Vehicles and since Gas was Cheap they didn't care about Fuel Prices.
So You try to adapt and Make a few Hybrid and Flex Fuel Vehicles, but they don't sell well because in reality people want Cheap Fuel not battery powered cars.
Eventually the Fuel Costs Fall and it's Business as usual. Except the Government wants the Industry to Make a Certain type of Car but the Industry says it costs too much. So the Government Agenda Goes no where.
Then the economy gets worse as it self corrects and sales Drop even more, so you are really in a fix, but it's not because of Gas Prices, it's because no one can afford to buy cars or get easy credit.
The Government seeing an opportunity to push forward it's agenda, seize control of Your Company under the Disguise of "Too Big to Fail" since it would effect so many Jobs.
But in reality the Government threatens those that don't go along with their plans, and Bribes others to get their way. Eventually the Government effectively takes your Company, then Fires you.
The Government then replaces everyone that was on the Board of Directors and through the Board, beings to Build cars that the Government wanted Built in the First Place. All while telling everyone that "They Don't Want To be Running Your Company" and "They Will pull out as soon the Bad Economic Times are Over."
But in the mean time the Government, now under control of Your Car Company, begins to build Cars that are less safe and the Market Doesn't want Since the Market Really wants CHEAP FUEL. So in order to Make People Buy those Cars they don't want, the Government must Force Fuel Prices Up, so they pass a Cap and Trade Program.
Since the Government Run Car Company that they took from You, is now the only one Making these "Fuel Efficient battery powered Vehicles" when the Demand goes up for them, due to the Government's forced increase of Fuel Costs, then the Independent car makers will Go out of Business since they do not have the Resources that the Federal Government has in being able to Print Money and absorb the losses in making the "Fuel Efficient battery powered Vehicles."
So the Government then can take over the other Car Makers, replacing their Board of Directors and make them Build the same type of Battery Powered Cars.
In the End the Government has created a Fake Demand, when before there wasn't one, and effectively owns the Car Industry even though they "Pulled Out" on paper.
This is exactly what is Happening Now.
The End Game is for the Government to Control More of it's citizens Lives, by dictating the Type of car we drive and to make sure that those cars have to be plugged into the "Smart Gird" so that the Government can monitor/control your life more closely and open up new avenues for Taxation.( like taxing the amount of Miles you Drive).
The U.S. Government has subscribed to a plan that will force the People to do the Will of the Government, instead of the Government doing the Will of the People. This is called TYRANNY. They are just using Global Warming as an Excuse for more Control over your Lives.
In order to Believe Global Warming you would have to Believe that the 0.036% of CO2 that makes up the atmosphere has a Reflective Property that can Trap the Suns Heat causing a Green House Effect. But if CO2 had this Reflective quality then reason would state that it would Prevent the Suns Heat from reaching the Surface of the Earth, therefore causing Global Cooling not Global Warming.
That is why so many Dictatorships have signed on to the Global Warming Wagon, not because they care about the Environment, but because they see it for what it is, a Tool to help them Micro Manage their Citizens Lives.
If China was so Concerned about the Environment, since they subscribe to Global Warming, why do they have some of the most Polluted Rivers in the World? For one to believe that Dictatorships and Communist Countries really cared about Global Warming, you would have to believe that they care more about the Earth Rather than their OWN CITIZENS.
So this is what is happening right now. The Government is seizing Private Banks, Insurance Companies and Car makers so that they can Put in Place who they want on the Board of Directors so that they can change the "Free Market" from the Inside. And so even after the Government "Pulls Out" of these Companies, they will still effectively be under Government Control.
Also the Government is Creating another Fake "Market Bubble" since the demand for these Battery Powered cars is Government Driven and if the Market should change, like it always does, and the Government Demand and Fake Fuel Price Increase Ends, then we are going to see a Huge Drop in the Economy as the whole "Green" car infrastructure collapses.
Wake Up People!
Watch what they Do....
Not what they say!
.