Wednesday, April 16, 2014

Obama saving auto industry from bankruptcy?

EDITOR: Joe Biden was giving a speech a minute ago, and he was rallying his base listing his administration’s numerous achievements. One in particular he singled out was, his words, they saved Chrysler and GM from bankruptcy.

What do you call it when the government seizes a company, fires its leaders eliminating the value of stocks to its shareholders and reorganizing the company so that the union now receives a majority share? Isn’t that bankruptcy?

What’s next Joe? Feel like bragging about the 1300 Chevy Volts that are now on the road? Brilliant.

Cameron Park

Letters to the Editor


Discussion | 63 comments

  • James E.September 11, 2012 - 5:47 pm

    Perception is reality and perception is that President Obama saved the automobile (and suppliers) industry. Perception is reality, repeat 100 times.

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  • Ken SteersSeptember 11, 2012 - 6:10 pm

    Bankruptcy is bankruptcy. The share holders lost their money. The suppliers were forced to either restructure or forgive the debt. I know many people who worked in the industry who were forced out. And we are happy? A little early to start indoctrinating the masses with brain washing don't you think?

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  • JohnSeptember 11, 2012 - 9:25 pm

    Ken: If I understand you correctly, in the name of ideology you would have let the auto industry go kaput: 100,000+ jobs lost PLUS all investors would have lost all their money anyway. You just don't make any sense, man! I have a prescription for you: Repeat 100 times: Investors lost money but Obama saved about 120,000 U.S. jobs. If you still don't get it, PRN until you get it.

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  • AnthonyNovember 23, 2012 - 7:11 am

    and as for that comment about 1300 Chevy Volts on the road, ever notice how the opinions of critics of the President, so seldom square with the facts. . . . . . . Failure? Hardly. Chevy Volt outsells half of all US cars.

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  • arnold langeNovember 23, 2012 - 9:22 am

    "A123 has used about $132 million of its grant to date, plus another $6 million given in 2007 by the Bush administration, said Mr. Leistikow, the agency’s director of public affairs. Michigan has also given A123 a $9 million grant, plus various tax breaks. Mr. Leistikow said the federal money would not be wasted because A123’s two Michigan factories would now be operated by Johnson Controls." nytimes note the 6 mil given by the bush administration. ken needs to expand his number and quality of his sources.

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  • Ken SteersNovember 23, 2012 - 8:31 pm

    Arnold, please focus. Did GM and Chrysler go thru a bankruptcy or not? Second in our country, BK's happen all the time and the don't necessarily mean the company goes away. I typed 13,000 volts sold or actually give away leased, which sets it as the 133rd most popular automobile sold in America. If Charlie Sheen was in charge of GM he wouldn't be high enough to say they are "winning". Another problem with government owned companies is a loss of understanding economic realities. Such as the "new people's car" Volt operates at a loss to GM of over $49,000 per vehicle. But I know today, socialism is the greater good and profit is evil so I'll just watch and learn.

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  • cookie65November 24, 2012 - 7:44 am

    Ken, what matters is the headline, the 30 second sound bite and the talking point. We have 50% of the country with zero intellectual curiousity. Things like TRUTH and REALITY are old fashioned ideals and concepts. If the dumbdown masses hear it often enough it has to be true. Just ask the global warming crowd. I see the ski resorts opened early again this year.

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  • cookie65November 24, 2012 - 8:03 am

    Anthony, the volt is a total flop by any and every definition of the word. The sales are less than half of what they said they would be. The government subsidises $7,500 of everyone sold. That means the taxpayers. The government accounts for @40% of all purchases, most of those are thru federal grants. The volt is just another example of the failed theories promoted by the leftists in academia sitting around in their taxpayer funded faculty lounges. You should try some media sources that don't just tell you what you want to hear.

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  • biscuitNovember 24, 2012 - 8:09 am

    Sounds like a great success, cookie. Just think: the subsidy is only $7,500. Could be worse

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  • Ken SteersNovember 24, 2012 - 10:27 am

    All true Cookie. What I find incredible is how Obama got away and boast about doing the same thing that Hugo Chavez, Mussolini and Adolf Hitler did. All were very popular with their constituents. In Russia today there are many who miss Joseph Stalin still because under his regime the gulags were full of free labor for infrastructure support. The socialist dictators also took advantage of creating an aura of "us vs them", empowering the government to chose winners and losers for political expediency. And the masses applauded. Hell right now we have the democrat socialist goose stepping to the same song. Government is good free enterprise evil. Government overseen by unions fair, Corporations evil. White people, conservative blacks, Christians, anti infanticide, anyone who voted Republican racist. NAACP, LGBT, NAMBLA, Muslims, anyone who voted Democrat, intelligent and good. I guess I'm having a hard time watching the implosion because I see what happens every time, historically. Our country is unique or immune to consequences regarding poor decisions. I'll try to enjoy my 1st amendment rights for as long as the democrat socialist allow them.

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  • TerryNovember 24, 2012 - 11:07 am

    Definition of a flop --- Edsel --- 1958: 70,045; 1959: 52396; 1960: 2846

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  • cookie65November 24, 2012 - 12:11 pm

    Ken, there is one thing that seperates us from all the other failed experiments in socailism thoughout history. Even Japan's emperor Herohito during WWII recognized something about America's history that the modern day leftist completely underestimate. He said the reason he would never invade America is because there was a gun behind every blade of grass. The second amendment exists for one reason and one reason only. And it ain't for hunting. The leftists will have there way and there will be plenty of us left to rebuild from the rubble. The leftists never consider what happens when we run out of crumbs to keep their lemmings fat and happy, or what happens when there is no one to grow the corn in their utipia. If you want to know the future look at history. It is coming and it will be ugly.

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  • James E.November 24, 2012 - 12:20 pm

    I thought we beat this poor horse to death in the past. A gun behind every blade of grass -- the delusion continues that pistols, rifles, shotguns, et al., would be effective against an organized military force. Keep dreaming and I hope it never comes to a contest between your rifle and a 20mm cannon minigun. As everyone knows, I do have a pistol for last ditch home defense, but I've seen how the 20mm cannon minigun turns cuts of meat into hamburger so my pistol won't be used in a violet revolt against our government. It would be no contest.

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  • James E.November 24, 2012 - 12:24 pm

    ADDED: And, why would we want to revolt against our government? Romney didn't win, President Obama did -- we now face four years of outstanding government. And, then with Hillary, eight more years.

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  • James E.November 24, 2012 - 12:27 pm

    Now that I've got Cookies blood pressure up, time for me to go do stuff -- back later.

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  • cookie65November 24, 2012 - 1:29 pm

    James, as I have tried to tell you before, the military and law enforcement in this country is the citizenry. They do what they do for country and family, ask any of them. They don't do it for government and politicians. Can you imagine a General ordering U.S. citizens to attack fellow U.S. citizens in order to protect our government? Not when @90% of those uniformed citizens have the same attitude about our government as I do.

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  • 1960sNovember 24, 2012 - 1:57 pm

    Home schooling I guess! What your decribing worked great in the 1960s

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  • James E.November 24, 2012 - 2:32 pm

    Can I imagine? Yes I can -- they aren't citizens first, they are soldiers first. And, you have no way of knowing that 90% of soldiers think the way you do. But, we can go back and forth on this until the sun burns out, so only hope your view (a la 1776 with muskets) fails. Think back to 1861--1865 when lots of soldiers fired on citizen rebels. I think we are finished here.

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  • home schooledNovember 24, 2012 - 2:55 pm

    last I heard the military swears allegiance to the Constitution, not so? But maybe things have changed since the 60s. sometimes it does look like fealty resides elsewhere.

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  • James E.November 24, 2012 - 3:03 pm

    home schooled, exactly. Soldiers swear allegiance to the Constitution, and to obey the officers appointed over them.

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  • home schooledNovember 24, 2012 - 3:16 pm

    Officers swear to support and defend the Constitution of the United States against all enemies, foreign and domestic.

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  • Ken SteersNovember 24, 2012 - 3:34 pm

    Cookie I don't have to imagine it because we have witnessed it in our lifetimes. The Kent State massacre, Ruby Ridge, the Philadelphia helicopter bombing and Waco come to mind vividly. California has the most intrusive gun control laws in our country. Outlawing many types of firearms and accessories with no real ability to enforce the laws that are passed. Making honest law abiding Americans criminals with a stroke of a pen. For instance in Nevada all one has to do is show a drivers license and fill out a back ground check and you can walk out of a gun store with a .50 cal Barret sniper rifle or a machine gun that day. To bring the same guns into California is a felony. To debate with the democrat socialist regarding the military backing their fascist leaders is irrelevant. Most who post here have no relevance. It could be a reason why the democrat socialist might want to maintain a strong military. Although we have seen what fine spawn they generate by witnessing the march on Wall Street crowd. A we know socialism collapses under it's own weight. It's simply a matter of time.

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  • Ken SteersNovember 24, 2012 - 4:03 pm

    Back to our democrat socialist leaders bragging they saved the auto industry. They didn't. They confiscated 2 corporations, mandating that the American people assume the debt while giving majority share to the unions. Also maybe 28,000 UAW workers jobs were preserved at $56 hr. Highest in the world but over 100,000 blue collar auto dealer jobs were cut by the Obama administration at the same time. And still democrat socialist zealots boast and brag that they saved something. We'll just have to watch

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  • James E.November 24, 2012 - 4:59 pm

    home schooled, you are so correct. Just as I started to come online, a little light came on -- as you say, it's to support and defend the Constitution of the United States against all enemies foreign and domestic. Been 53 years since I took that oath. Therefore, if Texas wants to leave the union and become domestic enemies, guess we will have to do the Union/Confederate thing again. And, speaking of the union, what was the name of Main Street in Placerville before it was Main Street. Right, it was call Union Street -- I have an old photo from late 1800s that shows the name.

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  • Ken SteersNovember 24, 2012 - 6:04 pm

    I have taken the oath on 3 different occasions. I remember submitting a letter about the fact that the oath specifically states the constitution and not the government, land or peoples. I was struck by just how profound and reverent the oath is today. I guess to some it is just words, just speeches to say as an ends to a means to get what one wants. I couldn't possibly give an oath to something I view as flawed or needs to be done away with. But alas it appears that people do.

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  • cookie65November 25, 2012 - 5:17 am

    James, before you get to far into misrepresenting what I am talking about let me clarify. We are now in a position in this county where 50+% of the population is non-productive and growing. Which means they are being carried and provided for by a minority of the population and shrinking. Our government is actively pitting one group against another, it is obama's mark and trade. Where is the breaking point? With the demands of consumption growing with less people providing. It ain't rocket science. At some point the producers cannot meet the demands of those who only consume. What happens when all those things people take for granted aren't there? This country is not immune to shortages. No bread on the shelves here can happen and eventually will. It is a historical fact. Will the producers protect themselves and property from the angy mobs who have been coddled their entire lives and provided for? Do they have the means to protect themselves? I Do. Let me try it this way. What would happen if the law abiding citizens of Stockton decided to take their town back from the criminals? Do you think they could do it? I bet they could do it in one day. The point being, how much will the law abiding productive citizens tolerate before they have had enough? Don't look to the little town of P'ville for what is going on in this county, the big cities are where the action is especially as more of them become bankrupt. By the way you do seem to be aware of what Lincoln did to the Constitution when ordered fereral troops to attack American citizens. Not many people are. I also recall from many many years ago something about a rag-tag group of farmers who took on the British Empire. My main point is that liberalism always ends ugly. Watch Europe for a prevue of future events here.

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  • cookie65November 25, 2012 - 5:30 am

    James, is that the Constitution that speaks of We The People? I am not familiar with any passage that mentions We The Goverment. As Ken correctly mentions, socialism always collapses under it's own weight. That is what my point about rebuilding from the rubble is about. When that collapse occurs, who is best equipped to survive? Those who are armed or those who are not? What happens if you call 911 and no one answers because they have abandoned you to look after their own family? If you think it can't happen here you don't know the first thing about history. We would not be the first country where a human life is worth less than a sack of flour. And half the country is voting to head in that direction. FOWARD

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  • cookie65November 25, 2012 - 5:48 am

    James, look at the Occupy parasites, how long exactly before they become violent? There are factions of them who are actively trying to stear them in a direction of violence. Look up the Black Bloc. Things are not going to get better for them under zero. They are going to get worse. Things are going to worse for everyone under zero. He is going to double down on all his failed policies of the first 4 years. You know the most entertaining part of witnessing the collapse of socialism? Watching leftists turn on other leftists. And it has begun. The teachers union in Chicago and the mayor. Leftist against leftist. There is not a conservative in Chicago, so what we witnessed is the reality that they are out of other peoples money and we saw how the angry leftist in the teachers union reacted to it. It only gets worse from here, not better. Watching leftist fight over crumbs is intertaining but we are running out of crumbs. What do non productive citizens do when we run out of crumbs? We know what leftist do, they get voilent.

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  • cookie65November 25, 2012 - 6:23 am

    James, don't you find it curious that our $16 trillion in debt is just about the same amount that has been spent on the war on poverty? And we have more poverty than ever.

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  • SocialismNovember 25, 2012 - 6:25 am

    Obama, practiced socialism last year, when he directed the government to take 60 percent ownership of GM. Congress had not enacted legislation authorizing him to do this. He simply took money out of the Troubled Asset Relief Program, which had been appropriated to buy assets from financial institutions (not manufacturers), and bought the federal government an auto company. I would rather have bought a new car from the Chinese when I find a job..

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  • Obama whats to destroy AmericaNovember 25, 2012 - 6:33 am

    Obama seems to be doing everything in his power to increase the price of gasoline, oil and all forms of energy in America. Even if you has given out more permits and increased production he’s doing everything he can to destroy America.

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  • Obama wants to limit ammoNovember 25, 2012 - 7:25 am

    Obama wants to restrict ammunition sales to licensed dealers and require buyers to show a photo ID at the time of purchase, effectively banning people from doing their shopping online. Also, the dealer would have to maintain detailed records for each ammunition sale and report anyone purchasing over 1,000 rounds and that’s government getting involved where it doesn’t belong.

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  • We're doomed!November 25, 2012 - 7:49 am

    We’re doomed! Obama election seals our fate. His election ensures the continuing shift away from the Rule of Law, property rights, free men and free markets. Obama’s vision of how the world works ensures a dire economy until an economic collapse resets everything. This can be confirmed by just driving to any shopping center this holiday season, just try to find a parking space, damn Obama.

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  • prime timeNovember 25, 2012 - 8:04 am

    Executive Order 13603

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  • Not really National DefenseNovember 25, 2012 - 8:25 am

    The National Defense Resources Preparedness executive order 13603 is an order of the United State's President signed by the socialist President Obama in 2012. The purpose of this executive order is to delegate authority and address national defense resource policies and programs. That’s what they say, but we all know its really totalitarian and a preparation for peace-time martial law rather than consolidation of existing laws and directives.

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  • Ken SteersNovember 25, 2012 - 9:15 am

    Obama has thru his actions, demonstrated that the democrat socialist doesn't fear but actually embraces the Muslim fundamentalist and anarchist in our society. Janet Napolitano's Homeland Security report states that the real threat to the government is Right Wing extremism. Noted that I want to point out "the government" not the constitution. It coincides with Nancy Pelosi Harry Reid and the Big O embracing the March on Wall Street crowd. Paid protesters of the DNC by the way. While at the same time demonizing the numerous Tea Party groups. So thru their actions of demonizing social warfare, the socialist democrats have made half of the Americans in this land their enemies. Elections have consequences. You do reap what you sow.

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  • From the RightNovember 25, 2012 - 9:28 am

    Who would have guessed that Americans were as ignorant and irresponsible as to choose fiscal sanity over fiscal destruction for their children and grandchildren, secularism and socialism over faith, a black man over a white, responsibility for the poor and ill, women having the right to say what’s done with their own bodies and all people being treated equally ? Were finished as a nation, god help us.

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  • PatriotNovember 25, 2012 - 9:31 am

    FEMA preparing for the worst with camps and coffins being on stand by. Protect your family before its to late. Remember, Japan didn’t attack America because it was thought we had a gun behind every blade of grass and for the same reason Obama’s federal government wont attack us.

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  • James E.November 25, 2012 - 10:32 am

    Wow, Cookie65 is on a roll. Sigh, if only Romney had been elected -- we would be treated with her comments telling us everything is going to be just fine in America. Sorry Cookie, it's not to be, so we will just have to settle with your comments that America is kaput. Keep up the good work, as you will be making the same comments in 2016 after Hillary's election as President. I know, it must hurt.

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  • Ken SteersNovember 25, 2012 - 10:55 am

    Isn't it strange how those that want to take and manipulate our society are now not only completely in charge but supported by those who have never contributed anything positive to our society? The democrat socialist regime seizes private corporations and then gives them to their union supporters. The democrat socialist regime hands over billions of dollars to their election supporters under the guise of boondoggle companies, (Solyndra) and allow the corporations to fold after the money is laundered. The democrat socialist regime gives millions of dollars of weapons to Mexican drug cartels that kills thousands of innocent people, including US Border Agents with zero repercussions. The democrat socialist regime does nothing when our embassy's are ransacked, our Ambassador is raped with a knife and murdered, his US defenders are killed and they parade Rice and Biden out to blame a YouTube video. All to cover up the exportation of weapons from Libya to Syria. And still to this day the takers who are destroying our country cheer it on. Emboldening, begging the socialist democrats to do more. All the while blaming the tax payers, as if trying to get even with them for their miserable lives.

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  • James E.November 25, 2012 - 11:04 am

    Mr. Steers, again with "raped with a knife." Can you give us a site?

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  • cookie65November 25, 2012 - 11:05 am

    James, the difference between Romney and obama is the speed at which we go over the cliff. And how much debt we leave to unborn generations. The liberals have created far too many throw-away people to stop the bankruptcy of this country. As far as I am concerned the repubs should just vote present on everything the left wants and get the inevitable over with sooner rather than later.

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  • James E.November 25, 2012 - 11:35 am

    Cookie, if there is no difference between Mitt and the President except for the speed we are going kaput, then you must be calling for open revolt against the United States. We won in 1865 using small arms and artillery. We have increased capabilities today, so I hope your virus doesn't catch on for the sake of those wanting to be rebellious.

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  • cookie65November 25, 2012 - 12:43 pm

    Do you have anything original James, or just the same old worn out lib nonsense? According to you anyone who is honest about this country repeating the history of every other failed socialist experiment must be calling for an overthrow of the government. There is no need for that, our government will collapse under the weight of unachievable promises. But your tactic is the same leftists employ when trying to defend the global warming fraud. Accuse anyone who says anything against it of not wanting clean air and water. Or anyone who doesn’t want to pay for someone else’s abortion of conducting a war on women. Or anyone who knows the EPA is the most despicable form of government ever conceived of in a representative republic of wanting to pollute the planet and the oceans. Anyone who doesn’t vote for obama is a racist. There are far too many strawmen of the left to mention. The fact is simple, I see those who are willing to sell their freedom for a handout or some false sense of security will soon have neither freedom or a handout. You see them as _______ fill in the blank. Obama believes everything ever taught to him by frank marshall davis. Those who elected him will become even more bitter and justify his incompetence by blaming everything under the sun. There is a limit to the burden you can place on the producers. There is a limit to the number of ways you can punish prosperity and expect it to survive. There is a limit to the number of public sector employees you can expect a shrinking private sector to provide lifetime pensions and healthcare for. There is a limit to the size of government. At some point you break the camel’s back. It is just a matter of mathematics. Unless you have something original to offer this is a senseless discussion. I can read leftist talking points in a thousand different places.

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  • Ken SteersNovember 25, 2012 - 12:48 pm

    Cookie, In California it doesn't matter what any Republican or fiscal conservative says. The democrat socialist completely run things. No grid lock here. Everything is euphoric here in our state. Now that the Republicans are gone nothing matters. No accountability what ever the politicians do. We just have so many feeding off the trough that no one cares.

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  • James E.November 25, 2012 - 12:51 pm

    Cookie, ok, I get it now -- you're not a Tea/Republican, nor are you a radical advocating the overthrow of the government. You are just making noise, with no idea of how you are coming across. Rant away.

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  • James E.November 25, 2012 - 12:52 pm

    Mr. Steers, you're back -- can you give us that site confirming rape with a knife?

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  • DB SmithNovember 25, 2012 - 12:52 pm

    Cookie65: I know what you mean about wanting to get the inevitable over with. These liberal sheep are such idiots and they won't know what to do or how to survive when it does come down. I must admit it would be kinda of fun to sit back and watch a little liberal weasel guy like Groan and those like him, try to negotiate with some of his homies from the valley while rape and pillage is going on in his front yard. They will be asking where is obama to save me. Please don't despair Cookie. We have to fight back with ferociousness and stay firm with our beliefs. Reagan said "Government is not a solution to our problem; government is the problem."

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  • ToleraticNovember 25, 2012 - 12:54 pm

    More of the same.

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  • RichardNovember 25, 2012 - 2:06 pm

    I just ran into our Mercedes salesman at Costco where are wife’s stood in line for 15 minutes just to get checked out. He said they sold 9 new cars last weekend. I would say our economy is going to hell, they best week ever was 12.

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  • DB SmithNovember 25, 2012 - 2:29 pm

    Richard, have you been drinking?

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  • RichardNovember 25, 2012 - 2:38 pm

    No not yet , but after reading several of Cookie-Steers posts Im thinking about it.......

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  • James E.November 25, 2012 - 4:45 pm

    Weird, I just returned from Whole Foods in Folsom where I purchased a banana creme pie. As I drove past COSTCO, I looked over at the parking lot and said, "No hard times in Folsom." I couldn't tell which car belonged to Richard. Business at Whole Foods was also booming. Must be the result of President Obama being reelected and his economic policies.

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  • James E.November 25, 2012 - 5:21 pm

    No one wants to know how much I paid for the banana creme pie? It was $13.99. I gave the lady a ten and four ones and she gave me a brand new penny back. I tried a chocolate creme pie from Whole Foods last week -- it was a tad light on the chocolate, but overall excellent.

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  • RichardNovember 25, 2012 - 7:19 pm

    Did you happen to notice on your way back the two young deer laying in the middle divider on top of the new deer tunnel?

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  • James E.November 25, 2012 - 7:38 pm

    Richard, I returned around 3:15PM and didn't see the deer. Not that they couldn't have been there as my attention was on my rear view looking out for the CHP, with only a glance on the road every five minutes. OK, I kid. But, I did do a lot of rear view looking. The CHP can sneak up on you.

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  • Phil VeerkampNovember 25, 2012 - 7:51 pm

    James, you and Richard seem perfect for the upcoming SNL skit on deer poaching.

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  • RichardNovember 25, 2012 - 8:02 pm

    The latest from Pat Robertson’s clan and I’m certain their talking about Democrats; A vote for a candidate who promotes actions or behaviors that are intrinsically evil and gravely sinful makes you morally complicit and places the eternal salvation of your own soul in serious jeopardy." Can I get a hallelujah, an amen…………

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  • James E.November 25, 2012 - 8:02 pm

    Phil, I only poach eggs.

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  • James E.November 25, 2012 - 8:04 pm

    Richard, no, I think he's talking about Romney and Ryan, the evil duo.

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  • RichardNovember 25, 2012 - 8:31 pm

    Talking about poaching, I wonder if old man Buhlert is still alive. As I recall he poached the last known elk in El Dorado County in about 1988. He would sit on the front fender of his old pickup with his grandson driving with the lights on after sunset. I understand he always had deer meat in the freezer and at least once some elk which as I recall the fish and game should up one day to collect, but that’s another story..

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  • Phil VeerkampNovember 25, 2012 - 8:52 pm

    Richard, in case you missed - LINK - context on poaching jabber

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  • James E.November 25, 2012 - 8:56 pm

    OK guys, I'm out for the night. See you next time.

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