Thats racits !

And what is Friedman's proposal for his own company's survival?

I have heard that the Post Office will be laying off 40,000 people. Put them to work in Detroit, and in no time the US Auto Industry will run as crisply as the Post Office.

What could possibly go wrong?

With the government in charge, I wonder where the R&D money for a 40% increase in fuel efficiency over 10 years is going to come from... and how are they supposed to make cars compatible with 'next-generation' fuels that don't even exist?

Every libtard has a plan for government intervention that will not work.

I demand real change - force a Democrat to speak the truth!

1) Government takes over

2) Does some stuff

3) Profit!

It's all so clear and easy!  Who wouldn't love this plan?

What I find amazing is this PC fixation on hybrid vehicles and flex fuel.  Last time I checked a diesel engine is more efficient than either of them without the expense or starving the poor.  If they really were interested in fuel economy, then why aren't they following the European example?  I guess the only thing they want to copy from the Europeans is the high gasoline tax so people pay $9/gallon.  IMO, when it comes to alternative fuels, biodiesel is probably much more environmentally friendly and easier to substitute economically but then I guess that would miss the point the Dems are shooting for as it would cut into their tax revenue when people use french fry oil or other home grown thing to run their vehicles.

Nancy Pelosi and Harry Reid, starving the poor one gallon of ethanol at a time. Fill your tank with E85 and cull a village.

Enough with these bailouts and other assorted 'rescues'.

Look at how these large firms that are dying from the mortgage securities are handling their rescues - they're preparing to pay bonuses! Taxpayers are hanging on by a thread, many may lose their jobs or take pay cuts, and the stupidity of the last 10-15 years is being rewarded!

I say enough. There is this thing called bankruptcy court. Do it now or the whole country will go belly up in the next couple years {if that long}.

And when the country does fail, let's give a heartfelt thanks to the democrats for giving us lousy mortgages, and to the compassionate conservatives for being such eunuchs that they let those same democrats roll right over them.

Let me say it again.

Get out of my wallet, get out of my life!

What gets me about this in vogue thing of government bailouts at the taxpayer expense is there is already a legal means on the books to save your business.  It's called Chapter 11 Bankruptcy, the auto companies could use this to buy some time and force a change in the union contract as well.  Airlines have done this frequently due to their sensitivity to the cyclical nature of their business.  This whole discussion over bailouts is a sick ridiculous joke.

The whole bailout of the home owner is similarly absurd since for individuals Chapter 13 Bankruptcy exists for this very purpose.  What's the problem here? Does anyone really think after negotiating with a bank like Citibank (in the news) or accept a government bailout to save your house that you won't have a mark on your credit record for the next 10 years?  This is totally absurd.

I really don't understand why Paulson didn't just tell the President and Congress to change the accounting rules on mark to market, this would have changed the amount banks needed to keep in reserve and therefore wouldn't become insolvent.  The current rules are an arbitrary line in any event used as a rule of thumb to cover everything.  There was no need for the $750 billion bailout because the whole premise was to pump up the REQUIRED amount of reserve under the Law.  We can now hear Dems whining that no loans are occuring, well DUH! Why in blazes would you make a loan to a borrower who will go belly up and put you right back in the same situation?  Jees, Louise how stupid can you Dems be?

Even the AIG situation really didn't require a bailout, they could have declared chapter 7 bankruptcy and made an orderly liquidation of the assets.  Everyone with the Credit Default Swaps would have been told tough cookies and thus the pain would have been SHARED by all involved engaging in this risky transaction, instead of dropped on the backs of the taxpayers.  Everyone insured by AIG would have had their policies bought by competing companies, problem solved.

The more I think about this the more I think this was a plot by Henry Paulson and some others to influence the election.  Novak fingered him as a lib in 2007. Libs (RINO) prefer libs (Dems) not conservatives.  I smell a rat.  This is just one more case of bipartisanship run amuck.  Crap on John McCain and his my friends, you guys screwed the country in the name of bipartisanship.  This just BS.

Nancy Pelosi and Harry Reid, starving the poor one gallon of ethanol at a time. Fill your tank with E85 and cull a village.

FRIEDMAN: I think that's the question.  And I think the only way to do this is by basically saying to the leadership of all these companies: you're gone, the boards are gone, the equity's gone. 

Up to this point I agree. But after that I disagree. It's called bankruptcy and the court determines people to better manage the business - not some government czar.

We're going to name a government master to come in here . . .

Here I disagree. What Friedman is calling a government master is socialism but I think he is too caught up in his own self-flagillation to recognize that.

The union deals with the big three car firms are not workable and if the unions are unwilling to renegotiate to a more realistic level then they should see what they get coming out of bankruptcy court.

In addition, I would like to see all three companies then taken over by one of the asian car companies who understand how to better operate in this industry.

Government control over private business is Nazi Germany fascism.

As this money plundering of America is deliberately taking the view away from the real crime of Barack Obamas bailout funds.

How much money did Obama get from the bailout?

http://lamecherry.bl...

Some necessary Obama Bailout Questions

As
the Obama orgasm spasms throughout all except the economy in making it
feel good, someone besides Rep. John Boehner of the GOP asking about
ghost loans of 2 trillion dollars to who knows where and what that the
taxpayer is being stuck with in asking the real questions of just how
much of this government bailout money and financial disaster flowed
directly into Barack Obama's campaign funding orgy of 800 million
dollars.

We know for a fact today that the Democratic Party
BORROWED 15 million dollars for Barack Obama in the last weeks of the
election. Which banks did this come from and as homeowners were in dire
straits at the very least banks were giving Obama loans for steak
dinners and jet trips while poor people were being squeezed to pay
their mortgage.
At the worst, Barack Obama took money directly
flowing from previous bailouts or the 700 million dollar bailout
Congress voted for.

David Plouffe of the Obama campaign has been
emailing people like a vampire demanding blood from a turnip for donors
to pay even more money into paying off this Obama debt.
Howard Dean
has fled the scene and Donna Brazil if she takes the job is going to
inherit a vast pool of funding that demands criminal investigation.

For
all the complaining about CEO's getting bonuses from bailout money, let
us ask just what money flowed into Barack Obama's campaign from
troubled banks that taxpayers backed instead of having things like
school tuition to medical care.

I broke the story that the
funding of the Obama overseas campaign was coming in from counterfeit
money flowing into Middle Eastern banks, who then were using stolen
"dead" credit cards to flow that money into Obama's campaign.
We
know this happened, because one woman found thousands of dollars being
charged to her credit card donated to Obama which she never donated.

The
reason this matters is what I reported on in there is as the British
were warning serveral years ago huge doors opened to embezzlement,
money fraud and money laundering using credit cards moving money around.
Currently
American Express is reporting billions in losses due to repackaged
debt. I have maintained all along that the credit card companies and
American banks were being swindled to billions of dollars a year in the
counterfeit money flow.

To make this literal, let us look at Obama.

Obama
receives 300 million dollars from the Middle East. The said Middle East
bank has in it counterfeit money from Lebanon deposited knowing it is
bogus.
Said Obama operatives in the Middle East take stolen American
credit card numbers which if one recalls were all over the news just
before the Obama campaign decided it was going to raise money via
credit cards.
The operatives phone Obama's Penny Pritzker and donate
whatever amounts that showed up on their books which amount to 300
million dollars.

American credit card companies pay it thinking
they are being paid with real money from these banks. The operatives
pay by electronic transfers the credit card bill so no physical bill is
sent and the owner whether living or dead has no idea their account is
active as most accounts do not show year end statements.

The
money then goes into the Obama accounts in America banks and is paid
out to willing Obama sucklings all squealing like pigs for the Obama in
being funded by him.
For all the nonsense of Shep Smith not
believing the MSM is in the tank for Obama and made a difference, no
one has asked grinning Shep just how much 800 million dollars buys in
loyalty from the media.

In this money fraud, there is a gaping
hole just like if you paid for a car with bogus bills. Eventually all
of that debt hole starts showing up and that is something no one has
been daring to even write of except here.

I actually warned the
European and American financiers that their illegal credit card cash
cow was in jeopardy of being exposed due to what Obama's operatives
were flowing into his campaign. 300 million dollars for Obama now
exposing billions being laundered flowing into trillions of illegal
funds of human traffic, drugs, diamonds, weapons and whatever else is a
commodity for black market profit.

At the very least Barack
Obama is on record for taking 15 million dollars from a strapped
population in need of every cent to make house payments. At the mid
ground, Barack Obama owes 300 million dollars in money which should be
seized by the Treasury as it was fraudlent coming out of the Middle
East. At the maximum, Barack Obama is knowingly guilty of criminal
money fraud in taking a part in funding his campaign in the economic
rape of the United States.

Americans banks, American credit card
companies and America all in extreme trouble and the one person
profiting from it politically is Barack Hussein Obama and the one
person whose finance must be searched out in just how much bailout
funding was flowing to Barack Obama.

An audit John Boehner, audit Barack Hussein Obama.

agtG

Boehner

American Express

Democrat 15 million dollar debt

*HIC IACET ARTORIVS REX QVONDAM REXQVE FVTVRVS

As an employee fo the US government, I gotta say that the only thing we do well is killing people and breaking things.
Perhaps the latter is what Friedman wants?

Good luck to GM, Ford, and Chrysler. You knuckled under to the unions to gain a bit of peace and now are about to become dinosaurs.

Thank God Toyota relocated to the US in right to work states, otherwise we would not have an industrial base when Detroit becomes Beirut.