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~ “I hope we once again have reminded people that man is not free unless government is limited. There’s a clear cause and effect here that is as neat and predictable as a law of physics: as government expands, liberty contracts.” Ronald Reagan.

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Tag Archives: GM

PICKING WINNERS AND LOSERS: Emails Show Obama Administration Involvement In Killing Non-Union Auto Pensions

07 Tuesday Aug 2012

Posted by bydesign001 in Uncategorized

≈ Comments Off on PICKING WINNERS AND LOSERS: Emails Show Obama Administration Involvement In Killing Non-Union Auto Pensions

Tags

Employment, GM, Government corruption, Government coverups, Government funding, Governor George Allen, Govt Regulation, Govt's War on America, Lay offs, obama, Obama Administration, Obama Appointees, Obama doctrine, Obama lies, Obama's legacy, Pension, UAW, UNEMPLOYMENT, Union


Lest We Forget, the Auto Bailout was ONLY to Bailout the UNION.

Lest We Forget, the Auto Bailout was ONLY to Bailout the UNION.

HUMAN EVENTS

“Matthew Boyle of the Daily Caller reports that internal emails show Treasury Secretary Tim Geithner was ‘the driving force’ behind terminating the pensions of 20,000 non-union retirees from the Delphi auto parts manufacturing company, as part of the government’s bailout plan for General Motors.  Union workers, on the other hand, ‘saw their pensions topped off and made whole.’

This decision was supposed to be made by the independent Pension Benefit Guaranty Corporation, which is meant to be free of political influence, so it can represent the interests of private-sector pensioners.

Instead, the Daily Caller unearthed a string of emails that show extensive involvement by the Treasury Department and the White House.  In one email, PBGC staffer Joseph House told his associates that he had just spoken with Treasury official Matt Feldman, who said he had ‘made progress discussing our proposal with a number of key folks in Treasury and at [the] White House, but he has not yet wrapped up his coordination.  He indicated that there is an 8 AM call tomorrow that he’ll use to close the communication-loop, and he’s confident he’ll have a fully-vetted Treasury view after that call….”

View this document on Scribd

READ FULL ARTICLE

The Forgotten Man by Jon McNaughton, Political Artist.

The Forgotten Man by Jon McNaughton, Political Artist.

Yet again, Americans are smacked in the face with further proof that Obama does not represent all Americans, he picks winners and he picks losers.  Every aspect of the GM bailout was staged/managed by the Administration.

Union members should be outraged that politicians involved themselves in union business but are they.

Even though Delphi was in bankruptcy, it is Barack Obama, Timothy Geithner and comrades who put the nails in the coffins up ending the livelihoods of hard-working Americans.

This underhanded and most dastardly venture cost American taxpayers $35 billion.

In other words, if an entity does not swallow the Progressive pill, they are forced to suffer the consequences.

Barack Obama has finally earned an “A”…. for being the most inept, unscrupulous, dishonorable and sleazy commander-in-chief the United States of America has ever known.  It is an abomination and reprehensible that the first bi-racial president this country has known is a shameless con.

 

Remember to take that with you to the ballot box November 6 America.  H/t MFS The Other News.

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MORE GRAND THEFT BY THE LEFT: Big business, state Govs and Unions Deplete $5 billion Obamacare slush fund aka Early Retiree Reinsurance Program (ERRP)

16 Friday Dec 2011

Posted by bydesign001 in Uncategorized

≈ Comments Off on MORE GRAND THEFT BY THE LEFT: Big business, state Govs and Unions Deplete $5 billion Obamacare slush fund aka Early Retiree Reinsurance Program (ERRP)

Tags

Dirty bureaucrats, Dirty Politicians, Early Retiree Reinsurance Program aka ERRP, Election 2012, GM, Government corruption, Government spending, Government Waste, Labor unions, obama, Obama Administration, Obama Appointees, Pay to Play, Thugs, Union jobs, union thugs


As of December 31st, the coffers for the Early Retiree Reinsurance Program aka ERRP is not just dry, but bone dry thanks to the usual suspects pilfering the program like greedy pigs in a trough.

GATEWAY PUNDIT

“The program was supposed to fund 80% of insuring early retirees’ healthcare all the way until 2014–when the magic healthcare elixir of “public exchanges” kicks in (or not, depending on the outcome of the 2012 election)….

…As reported by John Hayward at Daily Events, ‘The top 25 recipients of ERRP money accounted for over half of the total funding. First in line was the United Auto Workers, who already received the gift of General Motors at gigantic taxpayer expense.’

Yes, that’s another $5 billion down the tubes, good for another trip to the Chinese ATM, which of course is quite literally all in a day’s work at BigGov Inc.

But you wouldn’t know the ERRP’s a bust if you visited the White House web site…”

READ FULL ARTICLE

http://www.whitehouse.gov/the-press-office/fact-sheet-early-retiree-reinsurance-program

As you can see, the Obama administration continues to deceive Americans into believing that this program is up,  running and open for business.

While some would refer to this mass fleecing by the Obama administration and cohorts as political payback, I prefer not to mince words.  It is grand theft and the victims are hard-working American taxpayers, our children, grandchildren and great grandchildren.

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Obama Admin Bails Out GM Salmon Firm, AquaBounty, Despite Evidence That the Firm Could Soon Run Out Of Cash

20 Thursday Oct 2011

Posted by bydesign001 in Uncategorized

≈ 3 Comments

Tags

FDA, Federal funding, GM, Government funding, Government spending, Obama Administration, USDA


A genetically modified salmon, rear, and a non-genetically modified salmon, foreground. Photograph courtesy of AP.

A genetically modified salmon, rear, and a non-genetically modified salmon, foreground. Photograph: AP

GUARDIAN.CO.UK

“The Obama administration awarded a coveted research grant to a financially strapped company working to put genetically modified (GM) salmon on American dinner tables, overlooking disclosures that the firm could run out of cash in early 2012, it has emerged.

Campaigners say the $500,000 grant to AquaBounty amounts to a bail-out for the firm’s main investor, the business tycoon and former economics minister of Georgia, Kakha Bendukidze. They are also comparing it to the Solyndra controversy, which saw a solar company go bankrupt after receiving government loan guarantees.

‘Certainly this does have shades of Solyndra. We have seen this company’s stock plummeting for months and months – years actually – and what does the US Department of Agriculture (USDA) do but give this company money?’, said Colin O’Neil, a policy analyst at the Centre for Food Safety, which opposes GM salmon.

‘This is research that any public university or independent institution could be doing, so why is the USDA funding this interested company to do it?’ he said.

The grant, awarded last month, comes at a critical juncture for AquaBounty.

After $67m and 16 years’ waiting, the Food and Drug Administration could pronounce GM salmon fit for human consumption within weeks, the company’s chief executive, Ronald Stotish, said.

‘Based on what we are seeing we believe we will have an approval by end of this year but we plan for all contingencies,’ he said…”

Continue reading

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At Town Hall, Congressman Denounces GM Bailout That He Voted For

07 Tuesday Sep 2010

Posted by bydesign001 in Uncategorized

≈ Comments Off on At Town Hall, Congressman Denounces GM Bailout That He Voted For

Tags

ELECTION 2010, GM, Peter DeFazio, Progressivism, TARP, Treason, Tyranny


If you dance to the music, you must pay to the piper.  Now Democrats like DeFazio are trying to lie their way into being re-elected while apologizing for their votes.

I say kick the bastards out. After all, their liberal elitist arrogance and condescension got them into this mess.  They had a choice.  They could have listened and responded in favor of the American people but they chose to do otherwise.  Now the time has come to pay for their indiscretions and betrayal of the American people. You can count on that.

H/t Breitbart tv.

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GM spent $2 billion to facilitate Delphi sale, in exchange for equity in new company

09 Tuesday Jun 2009

Posted by bydesign001 in Uncategorized

≈ Comments Off on GM spent $2 billion to facilitate Delphi sale, in exchange for equity in new company

Tags

GM, Treasury Department


DETROIT (AP) — General Motors Corp. said Friday it will pay $2 billion to Delphi Corp. to aid in the sale of the automotive parts supplier to a private equity firm, in exchange for equity of a newly restructured Delphi.

According to a Friday Securities and Exchange Commission filing, General Motors, currently under bankruptcy protection, will use some of the $30 billion in taxpayer funds it is receiving to help a California firm, Parnassus Holdings II LLC, acquire the auto parts maker. Delphi is struggling to emerge from its own 2005 bankruptcy protection filing.

Troy, Mich.-based Delphi is a former GM subsidiary and the automaker’s largest supplier. GM will also provide a $250 million credit facility to aid the company before it emerges from bankruptcy protection, and a $500 million loan facility following the sale.

“Delphi’s modified plan represents an important step in resolving the Delphi bankruptcy and in GM’s own efforts to reinvent its business,” said GM spokeswoman Renee Rashid-Merem in a statement. “Relative to GM’s support, the anticipated funding for the investment was contemplated in GM’s revised viability plan, as well as the overall debtor-in-possession financing budget agreed to with the U.S. Treasury prior to GM’s filing for Chapter 11.”

YAHOO

Something else msm is not picking up on or better yet has chosen to downplay.  I say we kick everyone out of the pool.

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GOVERNMENT DECLARES WAR ON AUTO DEALERSHIPS: Result — Thousands Of Americans Will Lose Their Jobs

15 Friday May 2009

Posted by bydesign001 in Uncategorized

≈ 2 Comments

Tags

GM, GMC, Govt Intervention, Govt Regulation, Govt War on Constitution, Govt's War on America, Pontiac


As I write this blog tonight, I can’t help but wonder how many Americans share the same feeling this evening that their own government has turned against them. 

At first it was AIG and company, then the bankers and then the auto companies, and now it is their dealerships who are being taken over and/or forced out of business. 

Wake up America, they are coming for you.  Maybe not today.  Maybe not tomorrow and maybe not even next week or next month, but they will get to you.

How is it that government so boldly went after entities like AIG, the bankers and car companies, like a drug dealer, feeding the weak a drug called money and the moment addiction set in, pulled the plug, changed the game and raised the ante.

That is after all the tactics of drug dealers in the streets in serach of a new victim, and the government in this case is the drug dealer and that is exactly what has been accomplished here. 

The government’s behavior is not only like that of like drug dealers, but that of gangs as well.  When a gang moves into the hood, they need to increase their membership and so they go through the neighborhood bullying the innocent and the weak, forcing them out of fear to join their gang otherwise suffer the consequences.

For those entities who were unwilling to take government money, like urban gangs, the government forced the madness upon these entities and once they had their foot in the door, they began having their way with the companies and its leadership.

Instead of taking a stand, millions of Americans are following this unjustice quietly and dare I say that just as many are enjoying the abuses heaped on these American institutions by our government.

“Advice to all General Motors dealers: If the phone rings today and Caller ID shows the 313 area code, don’t answer.

It’s likely GM’s Detroit headquarters calling to can you. GM is informing 20% of its dealerships all across the U.S. of A. — about 1,100 Pontiac, Chevy, GMC, Buick and Cadillac dealers, that they’re losing their affiliations. Chrysler did the same on Thursday to 789 of its 3,200 dealers. Part of the forced reorganizations by the Obama administration.

Now some people will smile smugly because back in high school it was the rich kids of those very car dealers who got shiny new cars every year. But fact is, these moves will likely mean joblessness for some 101,000 dealer employees. Plus many others in associated suppliers.

Presumably, since these positions will have been lost, they’ll be added to the 3.5 million jobs the Obama administration will save or create.”

L. A. Times

What many are failing to realize is that when the government is done pistol whipping these corporations and its leadership into shape and once they are sure that these corporations will bend to their will, they will turn their attention to someone else to destroy.

Hence, it is just a matter of time before they have you or me in their sights.  It does not have to happen.

In the past 24 hours, many car dealers have received fedex envelopes from GM and Chrysler.  The letters in those envelopes said “you are out of business,” “pack your shit and be gone.”

How cold is that America?  Most of the dealerships that are being put out of business are not failing.  In fact, too many of them are extremely profitable even in these hard times, but they have been told to pack it in.  Their dealership businesses are being forwarded will end up in the hands of someone else, far less profitable.  What is that about?  I ask you, how fair is that?

“Boston  –  Car dealer Jim Bickford knew he was going to get a letter from Chrysler Thursday. What shocked him were the contents. He had thought his dealership would be safe: It had outperformed Chrysler nationally, it had good customer-service ratings, and it was the only Dodge outlet in Boston.

Yet when Mr. Bickford and his brothers gathered together and opened the letter in silence, they learned that Westminster Dodge was one of the 789 dealerships Chrysler no longer wanted.

‘I can’t fathom it.… I just can’t believe it,’ says Bickford, whose family has sold Chrysler cars since 1977. ‘We live and breathe Chrysler…. We were absolutely shocked.’

As part of its bid to move out of bankruptcy as soon as possible by shaving costs, Chrysler on Thursday announced its plan to cut about one-quarter of all its dealers nationwide. General Motors is expected to take similar steps, terminating its relationship with about 1,000 dealers, perhaps as early as today. The formal list was filed in a Manhattan bankruptcy court Thursday morning. 

In three weeks, Bickford will lose his franchise rights, meaning he can no longer sell Chrysler cars. Just a day before the letter arrived, Bickford had received a shipment of seven new cars from Chrysler. If he can’t sell them or any other car on his lot by June 9 – a nearly impossible prospect – he might have to sell them to other dealers for pennies on the dollar.

‘I’m angry. I’m hurt,’ says Bickford. ‘I guess we still have visions of being able to file a protest, and perhaps get some assistance, to have them reconsider their decision.”

CSMonitor

And where do you think those orders came from?  Think fast because THIS IS WRONG ON SO MANY LEVELS.

Treasury to euthanized GM and Chrysler dealers: It wasn’t us

Anyway, perhaps anticipating some antipathy toward the federal government’s rapidly increasing control of the rapidly shrinking American automotive industry, the Treasury Department issued one of those unsigned it-could-actually-have-been-worse and would-you-believe-this-is-actually-good-news statements that won’t buy anybody any groceries but look good on paper.

Gee, now why wouldn’t Secretary Geithner want his name on this release? …And the statement in full:

Today, General Motors initiated the dealer consolidation plan it laid out in its interim plan on April 27, 2009.

GM’s announcement is part of the company’s larger effort to restructure to achieve financial viability. The Task Force is continuing to work with GM and all its stakeholders and will stand behind GM during this process to ensure that it emerges as a more competitive, viable business in the long-term.

As was the case with Chrysler’s dealer consolidation plan, the Task Force was not involved in deciding which dealers, or how many dealers, were part of GM’s announcement today.  

As difficult as these announcements are for the dealers that will no longer be selling GM and Chrysler cars and the communities in which they operate, without the President’s intervention, the entire GM and Chrysler dealer networks could have been lost.

The Administration’s commitment to this industry has given both companies a new lease on life. By supporting a restructuring that results in stronger car companies – supported by efficient and effective dealer networks – this process will not only provide more stability and certainty for current employees but the prospect for future employment growth.

In addition, the Administration is committed to continuing its significant efforts to help ensure that financing is available to creditworthy dealers and to pursuing efforts to help boost domestic demand for cars. These steps will help auto dealers, the auto industry and the American economy.”

Government has their hands in the pie a little too damn deep for my liking and it will be just a matter of time before their hands is in your pocket too.

How is it that Americans are sitting back and allowing our government to destroy American businesses, American families and American lives without a second thought. 

Wake up.  This is exactly what happened in Nazi Germany.  Remember Adolf Hitler?  Take a lesson from the history books.  We are better than that and we had better stand up sooner rather than later.

Obama wants to be in control.  He wants the auto companies to make energy efficient vehicles and he wants to shove them down the throats of the American people.  Most of us are happy with our alleged so bad for the environment set of four (4) wheels, but Obama has decided for us and wants to take the right of choice from us in this matter among others. 

Our community organizer president is doing the unthinkable, he is putting Americans and American business out of work.

Not only is it unthinkable, it is unforgivable.

He is literally damning us all to hell.  How the hell any of these bastards sleep at night is beyond me.  SO…..WHO IS NEXT?

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