Now I’m not gonna say I’m a little skeptical, but…
The Administration has fired the CEO of GM, are they now telling GM to dump Pontiac and fire 21,000 people? What is going on behind the scenes that we are NOT being told, what level of control is the Administration REALLY exerting?
GM said that it will ask the government to take more than 50 per cent of its common stock in exchange for cancelling half the government loans to the company as of June 1. The swap would cancel about $10 billion in government debt.
In addition, GM is offering stock to the United Auto Workers for at least 50 per cent of the $20 billion the company must pay into a union run trust that will take over retiree health-care expenses starting next year.
If both are successful, the government and UAW health-care trust would own 89 per cent of GM stock, with the government holding more than a 50 per cent stake, CEO Fritz Henderson said in a news conference at GM’s Detroit headquarters.
Now I’m just a dumb ol’ country boy, but that math ONLY leaves 11% for all the current stockholders.
What are they supposed to do now???
And what happens to all the money they invested? And how much say will the shareholders have (looks like not a damn bit to me)???
Oh yeah, and the Lightbringer is trying to “force” a deal for Chrysler- Like Fiat is going to bow to him… NOT!!!
And the rest of the story is coming out on the Air Force One flyover- There is now an issue with the White House Military Office, run by Caldera who did graduate from West Point, but only served five years (all at Ft. Dix) instead of the normal seven years after commissioning. He then went into law and politics, and climbed the democrat ladder until he was Secretary of the Army 98-01 under Clinton.
Now if you believe the media, NO ONE ELSE in the administration knew this overflight was planned… Hmmm, lemme see POTUS was not notified his plane was going to be unavailable? I don’t think so…
And oh yeah, nobody was notified, except… well…
The FAA, NYPD, Bloomburg’s office (gee, guess they forgot to tell him) and ‘supposedly’ the FAA told NYPD not to broadcast what was going on…
But Caldera has been told to fall on the sword, so it will be interesting to see what plum position he gets after “resigning”!
Oh yeah, why a new picture? Because the Lightbringer didn’t want to use the one of Air Force One over Mt. Rushmore, because that was ‘representative’ of the Bush administration!
Is it really any wonder the Lightbringer is at 56% popularity and is only more popular than Clinton at 55% at the end of the 1st 100 days?
I mean, really, what campaign promise has he NOT broken yet??? sigh… Or better yet, what campaign promise has he kept???
soap box back to the corner… again!!!