LET THERE BE CLUSTERFARK! And so there was.
at WSJ (subscription):
The Obama administration rushed an alliance between Chrysler LLC and Fiat SpA despite Chrysler’s worries about Fiat’s financial health and its willingness to share technology, according to internal company emails.
The emails show Fiat ignoring requests for documents and trying to change contract terms late in the talks. A Chrysler adviser at one point said the deal risked looking as if the U.S. auto maker and the Treasury Department, which helped broker the pact, were “in bed with a shady partner.” In another note, an official referred to the Treasury Department as “God.”
Now they want to rush health care. Because . . . what could go wrong? Where choice works, it must be eradicated.
More on the shotgun marriage of Chrysler and Fiat
Of course, GE is a private company operating in the private sector and can choose to do business or not to do business with anyone they want. So from a legal standpoint this is kosher. But from an ethical standpoint?
Not only do we have a corporate giant with its own gigantic media arm in bed with Obama (GE stands to make hundreds of billions off of Obama’s cap and trade policy, for instance), a corporate giant that is using it’s media arm to essentially propagandize for a sitting President, we have that same corporate giant trying to intimidate journalists into not exposing the cozy situation.
That’s not supposed to happen in America.
FIX MEDICAID FIRST
Democrats dispise choice.
Kids don’t vote.
“I won”
We don’t have to get onboard, we just need to get in line.
Don’t forget deity M’chelle…
Newsweek said so, so it must be true. Obama is a god!
I am continually dispirited by the nation’s failure to learn from the Studebaker experience[s]. Packard and Studebaker were completely in the dark about each other’s true condition; Packard bought Studebaker, called it a merger, and then both got some sad surprises. The union president said it was like “two drunks trying to help each other across the street.”
Plus la change.
Children are props, they should be seen when useful and put into storage when not. Party Uber Alles.
WWMD?
buy some shoes!
A shame that the Tucker never saw production. Supposedly designed to be a ‘smart, affordable car’, it died because Tucker was in over his head. (Or, did the ‘big three’ take him down?)
Fiat is trying to bolster it’s company, and open another market to itself, sans any import tax, in hopes to survuve the downturn worldwide. Their strategy seems to be that if they get large enough, that regardless of cashflow, their “asset inertia” will enable them to borrow any funds they need, above and beyond any US government snd EU subsidization…
It does look like a sketchy deal; one that ultimately may not succeed for any of the parties involved…
And how strange that the administration that trumpeted their Brilliance!, Judgement!, Transparencey!, and Ethics! would make such a hurried and less than optimum deal; especially after infusing such large amounts of taxpayer money…
Is anyone else reminded of the saying, “Do something, even if it’s wrong!”..?
In their haste to appear that they’re “doing something” about a facet of the sluggish economy, one that by their own propagandizing was such a substantial part of the economy (too big to fail), they simply have taken the expedient route instead of making choices that would be mist beneficial in the long term…
Style over substance, a recurring theme in the story of O!…
In a few years these two self-diminishing clowns Matthews and Evans, along with the rest of their clown college posse, will pretend they said these things about Obama as a warning to the gullible American stoogery, if they ever acknowledge they said them at all. They were just trying to help, you see.
After WW2 henry Kaiser had a shitload of money and he wanted to build cars to compete with Ford and GM. he asked whoever was in charge of Ford back then how much capitalization it would take to start a car company. Ford replied that Kaiser didn’t have enough. He didn’t. It turned out that both Ford and GM figured it would have taken about 3 billion to start a car company from scatch to compete with them.
We have seen the end of Chrysler and GM. Unless there is some economic miracle they are only going to be bit part players in the auto industry. I hope somebody buys the Jeep division.
Re: G.E. symbiotic relationship with Obama administration…
I’ve spoken about this symbiotic relationship for some time. It’s clear to any interested party the Jeffery Immelt, CEO of NBCU, whose classy predecessor Jack Welch has implied has done an abysmal job of running the company, haas tied G.E.’s star to the Obama administration and their desire to implement the connivance of cap-and-trade; and in doing so create a market for all of the “green” technology that G.E. has shifted to manufacturing in recent years…
Having surrendered the home appliance market to foreign competitors some time ago, GE has begun to make “green” energy products as part of it’s heavy industry manufacturing. But one has to wonder, if the market for such products in the enlightened west (Europe) was so brisk, why aren’t they already wildly profitable, instead of bleeding money like a .22 caliber stomach wound..?
GE has been desperately counting on the forced implementation of “green” energy measures in this country. But, that’s limited of course to solar and wind techniques, as nuclear is eeeeeevil. And, it’s no coincidence that solar and wind are the only methids on Obama’s agenda…
Forgive the crass characterization, but Immelt and GE are balls deep into Obama at this point. Immelt sits on Obama’s economic advisory board, NBC is essentially Obama’s propaganda arm, and Obama is pushing legilation that will benefit GS immensely. This is the same company that continued to do buisness with Iran through several proxy layers after economic sanctions began to be enforced!…
THe left used to cry Halliburton!, and imply that the Iraq war was simply about providing a way to funnel taxpayer cash to their favorite corporate benefactors. I rarely suggest imitating that behavior, but we should all begin alluding to GE, the propagandists at NDC and the money connection with the Obama administration whanever the possibility arises…
Isn’t that the fascist motto. Action, action, always action. Results, meh, more action needed. Just keep throwing more eggs in the air, never worry about catching any of them. Leftist juggling, omelets all around.
Ah, such brazen honesty steeped in the righteousness of his self-admitted hypocrisy. Your arguments are always back-dated to a prostration you endlessly and unfairly endured at the hands of invisible liberal-thinking demonoids, as are so many others herein. Ever occur to you that you are/were flat-out fuckin’ wrong? The endurance of insistence to the contrary isn’t a cause to itself. It’s a reflex is all.
Write or say “I’m wrong” a dozen times. See there, after yhose convulsions subside there’s no physically pain at all.
Because what’s important is showing who is in control and keeping people too busy to realize they’re fucked. Plus there’s the fascist’s lust for power, ever more power.
#18: so you don’t own a mirror.
Not news.
Regards,
Ric
Ya got nothing, thor.
Jeffrey Immelt is scum. Unbelievable. Unbelievable scum is what that Jeff Immelt homo is. He should resign because he’s pissed all over himself and Mr. Welch’s company.
GE: We rule you.
The leftmedia just can’t help themselves: