“Tectonic change,” Barack Obama, and You
A “tectonic change in the relationship between business and government”: remember that phrase. And note that a “tectonic,” i.e., a fundamental, change between business and government is also a tectonic change between the individual and government. “What our generation has forgotten,” Friedrich Hayek wrote in The Road to Serfdom, “is that the system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those those who do not.”
The tectonic change in the relationship between business and government, between the individual and government, signals not only the expansion of government control, it also signals the contraction of individual freedom.
From the very beginning of his campaign, Obama made it clear that economic “fairness” was his political lodestar.
He made it clear, but did we really understand him? “Fairness”: that’s a good thing, isn’t it? Who can be against “fairness”?
But what if by “fairness” he meant not “impartial justice” but “equalized outcomes”? What if by “fairness” he meant “spreading the wealth around”? What then? “Who can doubt,” Hayek asked, “. . . that the power which a multiple millionaire, who may be my neighbor and perhaps my employer, has over me is very much less than that which the smallest functionnaire possess who wields the coercive power of the state on whose discretion it depends whether and how I am to be allowed to live or to work?”
The chapter of The Road to Serfdom in which these words appear is called Who, Whom?–the question that, said Lenin, was the fundamental fulcrum of politics.
The genius of the American system has been to short-circuit that question by distributing the power of the subject: Lenin’s “Who” is longer a central and centralizing authority but a multiplicity of actors each with his native interests and prerogatives. Burke spoke of the importance to liberty of those “little platoons” that claim our daily allegiance. James Madison, in Federalist LI, made a similar point when he observed that “the policy of supplying, by opposite and rival interests, the defect of better motives” helped encourage the distribution of power and hence the growth of liberty.
The tectonic change contemplated by the Obama administration would have us disband those little platoons and assimilate ourselves to the swarming army of the state. Madison’s “opposite and rival interests,” for these collectivists, impede the progress of fairness and interrupt the process of equalizing wealth.
Earlier in The Federalist, Madison observed that there were “two methods of removing the causes of faction: the one, by destroying the liberty which is essential to its existence; the other, by giving to every citizen the same opinions, the same passions, and the same interests.” Madison thought it self-evident that both courses, being inimical to liberty, spelt disaster. Madison thought that the protection of that “diversity of faculties” which underwrote the diversity of property was the “first object of government.” Our current masters in Washington disagree. They seem willing to experiment with both of the expedients Madison warned against in order to achieve their egalitarian goals. Today it is Rick Wagoner who has to go. Tomorrow? Who can say? When a tectonic change takes place, things can happen awfully fast.






Can’t wait to see the guy Obama hires to run GM…for a $1.
When a tectonic change takes place, awfully things can happen fast.
There, fixed that last sentence for you Roger.
I have felt a tectonic change in my own relationship to savings.
When my 401K became a 201K, I was nervous and looking for signs that the market would come back and restore 20 years of setting aside the maximum amount of qualified savings.
Now I frankly can’t get excited about whether it comes back or not, because given the current climate I don’t even think of it as mine any more. As someone in the top 5% of earners, I feel that whatever I have the government will just take: given the current level of spending it will simply have to. Why not just spend it myself now? If I save it and invest it, it will just be taken through taxes, through means testing of benefits, through inflation, or maybe outright confiscation.
It’s not really like going John Galt, but I don’t think I’m alone in losing any enthusiasm for investing or saving. And that can’t be good for capital formation, for growth, for the future of what has been the phenomenal engine of prosperity.
It reminds me of the failure of well-intentioned land reform in the third world. Land is taken from large landholders and broken up and distributed to the populace, who never get the benefit of actually owning land as they realize that what can be taken from the mighty can certainly be taken on a whim from them.
YO! It’s “Il Duce” Obama (and his wife, Michelle Antoinette, you mean people, you!)…
Why is it so few people are catching on. Obama is implementing every ideal of Fascism, and the really bad part about this: Jonah Goldberg pretty much predicted this… But none of y’all are calling it what it is…
Introducing:
The Chevrolet Change
The Pontiac Porkulus
The Oldsmobile Obama
The Buick Boondoggle
The Cadillac Kleptocrat
AND – the GMC Hope-a-dope.
Kind of reminds you of the Studebaker Dictator, doesn’t it?
Excellent essay. Obama’s totalitarian tendencies should worry every American. Shortly before Election Day, I posted a song, “Spread The Wealth Around (Barack’s Theme),” on YouTube (http://www.youtube.com/watch?v=lZ4J1MYhg6Y). I hoped at the time that I might be overly pessimistic about the Democratic nominee. In the event, I fear I thought too well of him.
In the case of the bonuses, contracts have been violated.
(That’s against the basic Principle of Law, “pacta servanda sunt”).
Now, the President behaves as the owner-master of a corporation.
Which CEO will ever dare contradict a man who uses power in this way ?
This is not a slippery slope, it’s a free fall down a vertical cliff.
The violation of basic Principles prefigures a totalitarian neo-barbarianism and we need strong “monasteries and fortresses” of Truth to resist this wave.
Thank you for the opportunity to comment.
And BTW, there’s no way this can possibly end well, because by taking over GM, the administration is hopelessly at cross purposes with itself. The management at GM struck a Faustian bargain with the UAW a long time ago that resulted in the reality that they can never make money making small cars. The UAW exists and thrives off of the SUV and truck market.
Enter cap-n-tax. They are going to tax (whatever they call it, if it quacks like a tax…) a number of things, but among them are the fuels that allow Americans to own and operate 10 mpg SUVs without a second mortgage.
Cap-n-tax will finish off the only market in which GM can possibly make any money. One of these days, the Einsteins at the UAW may figure this out, and start agitating against cap-n-tax, but so far, they’re still living in an acid dream.
We ain’t seen the worst of this yet, by a long shot.
Well some of us could see it coming.The horrible thing is it will get worse.
Maybe not! The former GM CEO was incapable of talking tough to the UAW. For more than 30 years, the UAW had extorted whatever they wanted from management. GM needs a new guy to get tough with the UAW and take away things and stop the featherbedding, having thousands on the GM payroll doing only the work of the UAW.
It does seem unlikely that Mugabe Obama will back someone that the UAW doesn’t OK but it might happen. There aren’t that many really hard nosed managers out there who wouldd trust working for Obama. So, as a replacement, I’m looking for Obama to choose a black, someone like Kwame Kilpatrick, the disgraced former mayor of Detroit”‘;`+-
When Lenin and Stalin temporarily dabbled in mixing aspects of the free market and the command economy (the New Economic Policy), it lasted for around 8 years.
Wanna bet about the lifespan this time round?
http://trackacrat.com/2009/03/29/succeeding-where-stalin-failed/
My grandparents fight to keep us free was for nothing.
The day Obama was elected.
WHEN FEEL GOOD CONFLICTS WITH ITSELF
Why “liberal thought” involves only feelings.
http://greensrealworld.blogspot.com/2009/03/conflicting-liberal-feelings.html
So Barack Obama and his huge collection of hangers on…people who have no practical experience running businesses…is community organizing the federal government.
Just as I said he would.
Obama’s advisors, all those “no practical experience” sorts, will be making the business decisions that determine whether or not GM meets their parameters and can continue to suck the public teat after 60 days.
In his comments today, Obama mentioned his community organizin’ beginnings with folks in Chicago after the steel companies left and people were unemployed.(he didn’t mention corrupt Chicago politics, taxation and labor issues that helped drive steel out, the same matrix that nurtured and grew one Barack Obama)
While our economy is in the midst of tanking, Barack Obama is taking an entourage of some 500 people to the vapid G20 in London. Your tee vee screens will be filled to the brim with the planned protests, the ones that happen every year at these self-important, dull & repetitive international get togethers.
Disgusting doesn’t come close to describing all of this.
i hope all those who voted for Obama are realizing what they gave up. This country can not become socialist. He is heading that way and we the folks have no choice but to watch it happen. From the fairness doctrine to the bailouts and abortion ideas he is on a failed policy track. It will come back to haunt him in the next election unless his supporters continue to believe what he is doing is correct. i know from personal experience you can not borrow your way out of debt.
Gee, can’t imagine why the stock market took (another) dive today after Obama announced the firing of GM’s CEO (somehow it must be Bush’s fault right?). I’m really looking forward to President Giggles arrival at the G20 summit. I have a feeling they are going to eat him alive.
The question which begs itself is “who is next?”
Welcome to the G20. GM (now BM) Barry Motors is a global brand. It has many foreign brand names and with an entrepreneurial idiot at the helm, it will bully it’s way in many countries where it has production. This is exactly how russians bullied and took over oil companies. Chavez did the same.
President Obama & countless other Democrats have been castrated & turned into zombie eunuchs due to the Unions. This is not going to end well for the Unions, American car companies, & the Democrats.
The right thing to do should have been bankruptcy to cancel the Union contracts, but since the Democrats get millions in Union money, they cannot cancel the Union contracts.
The Unions will come to an end one way or another. President Obama is delaying the inevitable. Obama may end up going down with the Unions due to his connection to said Unions & his need to make the Orwellian Employee Free Choice Act (Card Check) a reality.
It sounds like you are hoping for the President to fail in Europe, AThinkingPerson. Perhaps you are ABadPerson? Shame on you.
Big Brother is watching. This is just more steps right out of the Communist Manifesto.
The unions should be wary of this move but they are not. Under Fascism unions have only one job and that is to keep labor in a harmonious relationship to other parts of the unified whole. Once union members or their leaders decide that their interests do not coincide with the interests of the state they get put down hard. Remember all the company can do is fire while the state can jail you or worse. Welcome to the new Corporate States of America (CSA). Anybody want to revive the Stars and Bars?
So when GM begged for a taxpayer bailout, the GOP demanded that they break their contracts with the union, and force down wages; This was a good thing, we were told, in order to make GM more competitive, and if the worlkers didn’t like it, they shouldn’t have come beggin in the first place.
When GM returned to beg for a second helping, the President made the charity conditional on replacing the CEO; this we are told, is an outrageous affront to liberty, a threat to freedom and democracy.
Is this really the logic Roger wishes to pursue?
Obama did the RIGHT thing in ousting the ineffectual “what me worry?” “golf cart” CEO who has the sense of urgency of an old woman in a nursing home and the balls of a fruit fly. Bush should have done it last year.
The US is loaning GM billions and GM isn’t worth even a million when its pension obligatios are considered. GM North America is one of the most incompetently run companies in the world. Why shouldn’t we–the taxpayers–have the say in who is runing the company borrowing our billions?
Obama has shown he’ll demand bang for the taxpayer’s bucks which is exactly what he should be doing. Banks making a loan to a nearly dead debtor run by a completely ineffectual CEO would do the same thing: they’d insist on new management. (I am no Obama fan –but I give him this– the snoozing or nearly dead GM Board should have ousted this CEO years ago–where do they recruit GM’s board of directors–from a retiree’s bingo game?).
Its called “he that has the money makes the rules.” If GM wanted to preserve its autonomy, it could have filed for bankruptcy –but it would have had to shed the union and the executive comp contracts. Instead GM is rattling the cup for taxpayer money–our money! News flash for GM: the taxpayer’s representative wants the CEO out! Its not like Waggoner was Lee Iaccoa for god’s sakes.
Sorry if it disturbs the 8-6 pm naptime of the supercompetent GM management that has run it into the ground. Maybe now someone that wants to get things done can assume control. And maybe now someone can go to the UAW and tell them the king’s head rolled, now its time for you.
I ams glad Obama did this: we shouldn’t be propping up GM anyway. But if its going to take our money, it has to put up with our decisions. Too bad GM!
The people that are moaning about the US exercising “control” over a private company –get serious! GM came to the US for loans–BIG loans–to prop itself up, since it can’t figure out how to make decent cars. If we’re going to be stupid enough to invest in a company that can’t run itself, the least we can do is oust the management. When you cuddle up to the government, you’re not in “private enterprise” anymore. Good for Obama!
Maybe Wagoner’s job would have been spared had proper tribute been paid to “the one” in the form of significant campaign contributions from GM’s PAC, employees and families. The action of demanding that Wagoner step down seems disproportionate to the amount of money GM is requesting, considering the amount of money that has been freshly borrowed/printed/created from thin air and pumped into the banking sector, never to be seen or heard from again. Why hasn’t Liddy been asked to step down from AIG over the additional hundreds of billions of dollars they “needed” to keep afloat during this last round of disgraceful bailouts? Why hasn’t Obama’s administration demanded that in order to receive any government support, banks must first show proof of fiscal solvency?
I don’t think we will be able to call the money “taxpayers’ money” for much longer; there simply isn’t enough income in the country to pay for Hopey McChange’s socialistic destruction of America. I just hope the constitution survives the remaining 3 years and 296 days of desecration so that we can pick up the pieces and try to have a real government for a change.
Look for Jamie Gorelick, Franklin Raines or Al Gore to head up GM.
Aren`t one of them due for another trillion dollar bonus??
If President Obama can do this to CEO’s then I see no reason he cannot apply such a tactic anywhere else. Given that the religious Left, who also worship him, refer to him as the first ever Pastor in Chief, maybe Obama will start appointing pastors to shepherd his flock.
So is Obama a socialist or fascist? I really thought the left cornered the market on the Sky-is-Falling rhetoric with Bush, but you guys really take the cake.
If the Obama Administration was nationalizing industry that was not in GM’s position, a-la Hugo Chavez, I might agree with you, however GM was in dire straits and has known it for years.
They took government money, so government has a say as to what they do.
All this happened on the CEO’s watch, and he received the ax. It doesn’t matter whether he was working hard on cleaning things up. An example was made, as it usually is the head.
I think it’s fair that if you accept government bailout money, then the government has a say in your business until that money is paid back.
#24 Stephen…. Do I want Obama to fail in Europe? YES! http://www.washingtonpost.com/wp-dyn/content/article/2009/03/25/AR2009032502074.html
Do I want Obama to fail in America? YES! http://online.wsj.com/article/SB123671107124286261.html#
Can you in good conscious want him to inflict his misery on the rest of the world? I, Stephen higher standards than you I guess.
I WANT AMERICA TO SUCCEED not Obama. There’s a distinct difference. Obama is steering this country into the ground. His policies MUST FAIL for the safety, security and future of this country. Heaven forbid he gets his claws into world affairs.
A Thinking Person wrote: “Obama is steering this country into the ground?” Nah, don’t think so. I agree with Blackwell and Middleman on the GM thing. And it’s long past overdue for the pampered UAW to figure things out. Maybe the “controlled bankruptcy” of GM will finally convince the UAW barons that life is no longer business as usual.
In terms of the safety & security of this country, check out today’s GAO report. 64 of 96 Pentagon arms procurement programs are running a cumulative $296 billion over the original cost estimates. Gee, I feel safer already. It’s hard for the left to give capitalism a bad name when capitalists do such a great job on that themselves.
Roger,
Do you really think Obama has read the Federalist Papers?More likely he was raised on Marx.He and Little Timmy Geithner are latter day Bolsheviks.
Look for Obama to seek changing the Constitution he so detests so he may be declared “President for Life”.
Blackwell–What if managment isn’t the culprit? It seems to me that the 2-ton Gorilla in the room is the fact that American labor simply became non-competetive with foreign labor because of too-generous health care and retirement benefits. It may be Union intransigence to dealing with reality rather than managerial incompetence that led to GM and Chrysler’s downfall. I think there’s a lesson here that is significant w/r/t the President’s plans–the fact is, there simply is not enough money in the world to provide all the benefits the President wants to provide to everyone. The Government cannot be all things for all people. We have to prioritize and make choices, or risk becoming non-competetive in every facet of our economy. We need to get Government out of being central to our lives and back to the margins. The current path we’re on is terrifying and will have a horrific impact on our personal liberties.
Americans need to stand against Socialism and not give in this horrendous, power grabbing, Marxist REGIME.
I’m with “33. AThinkingPerson” in that I want AMERICA to succeed [always and forever] but I do not want the policies that will surely fail to SUCCEED IN OUR UTTER RUINATION.
Semper Fidelis
In socialism, one never gets tax payer monies back. That is why we need fair trade, and companies that do not produce more bucks than they loss to fall into bankrupt protection.
Inflation is heading our way.
GM’s business has been slowly deteriorating since the late 70s. Reagan didn’t help things. Voodoo economics didn’t help things. Bush didn’t help things, The Contract with America didn’t help things. Clinton didn’t help things. W and his Republican majority didn’t help things.
Of course it’s kind of hard to help a company that insists on building crap that no one is willing to buy – a company whose only response to a changing global economy is to build BIGGER crap that no one is willing to buy. Then these insane bailouts come along. Where’s the oversight? Why aren’t people responsible for the situation in Detroit being fired?
Oh! Wait. They are? How dare he? Obama is ruining GM.
I’ve changed my mind about you all. I used to think you were raging idealogues. Now I realize you’re just not too bright. Thanks for setting me straight.
*gush and a squishy kiss as I bend to suck the tailpipe of a 1979 K car*
“Tectonic” is neocon code for “black.”
You are a racist bigot.
The Unions built the GM cars no one is buying to make the company sustainable. More money is going to the Unions than is coming into the GM. Furthermore, the Union’s also built rather terrible cars which cemented their reputation.
The Unions are a tick that needs to be removed for GM & the other American car companies to change their business plans. Otherwise, the Unions are going to being the Big 3 down.
President Obama is just a catalyst for such a event since no one will buy these green monstrosities built by the US Government.
GM might as well close its doors now.
I like the irony coming from President Obama–who has never run his own business–expected to run GM. His ego knows no bounds. Eventually, the Union rot will bring Obama down with GM’s collapse.
Has Barack (I was born in Kenya) Obama given any thought to asking the head of the UAW to resign? He and his union members helped bankrupt GM. I have no sympathy for overpaid union bosses or overpaid union workers who contributed to the demise of their own company. They killed the goose that was laying those golden eggs for so many years. No bail outs White House clown!
Hmmm;
This might not be such a bad thing. I can certainly see a chilling effect for other management teams looking for a bailout from Uncle Sammy.
The Left knows all about “chilling effects”, y’see…they howl about it at every opportunity.
(Unless they’re nattering on about climate change).
Now if the fellow who claims to have been born in Hawaii would fire the President of the UAW,(since they’re getting a bailout, too), then that would be “Change I could Believe in”.
I’m impressed with Teleprompter Hussein.
Porkulus stimulus should provide 100 million for shrink assistance to those independents that voted for him, and are now getting a hangover.
The Carnival in Europe is about to start.
Bund Deutscher Maedel Merkel leads the charge, no more stimulus money! Houdini Sarkozy, President Le Boss, Le King of Bling Bling http://www.youtube.com/watch?v=0kpFO-KVECg
supports the Reichkanzler.
Topolanek, chick Czech says the US is going to the Hades.
Let’s watch the show.
I am relieved for Wagoner. I am sure that he was about over having to deal with Captain Pompous and the Fancy Pants Band in D.C.
MiamaMan, LMAO
hey, you got a good knowledge of our culture
Houdini is well found
we are in times of representation, Blair inaugurated it, Bush had some hard time to play the showman part, Maedel Merkel too, besides the Germans wouldn’t appreciate the “toc”, it must always be a heavy stuff, that’s for what they are known, but Sarkozy is the king of the lightness and of the screens, he doesn’t need a teleprompteur, he creates himself the actualities
though his audience is restrained to Europe, while Obama has the planet
When the CEO-TOTUS realizes no one is buying his GovMoto YugOs, and instead are buying the non-union Toy, Niss, and Honda SUV’s he will 1) mandate, for the good of all of us (us being too dumb to know better) huge fee-tax-tariff on said SUV’s. 2) mandate all auto makers in U.S. to be unionized for equal competitive footing. Free Markets RIP
Jeremy Clarkson ran an autopsy on British Leyland in 2000. This isn’t a history lesson after yesterday, it’s a preview of GM’s final destiny
“Who Killed the British Motor Industry”
http://www.youtube.com/watch?v=EAWH0EfMDfc
“Obama did the RIGHT thing in ousting the ineffectual”
People like you are going to destroy this country. Maybe you should take two seconds and ask yourself, if Obama fires one CEO, if Obama tells other people that they can’t have their contractually-stipulated bonuses, why would any business want to come to America?
You can cheer and pat yourself on the back for this populist nonsense all you want, but the government getting involved with the inner workings of private business is NOT A GOOD THING.
And please tell me: how did either of these things make your situation, or the situation of anyone else, better? How has Obama improved your life? I’m anxious to know.
36: I think you have a better handle than Blackwell. Most people on this post don’t know much about that industry, and quite likely about any industry. And to add insult to injury , there will be consequences from O’s other policies that will likely doom GM. But the Auto makers will be blamed for their incompetence. We have the best government money can buy. Which ain’t too good.
We have to be patient about O’s stimulus plan but no patience for GM? It doesn’t make sense to me, but I defer to the rest of the geniuses in the room.
This is rich: a man who has never really had a meaningful job producing anything of value in his life, never met a payroll, and never studied economics and finance now fancies himself as a judge of men who have done those things.
Only the brain dead can see anything positively portentous in this bridge crossing.
Does Obama get Wagoner’s dacha?
I don’t think anyone has gotten it yet. The One has now chastised GM, fired the CEO and sent them back to come up with a plan for viability. Who wants to bet that GM and Chrysler just can not find a way to be profitable with those awful health care costs. Lo and behold, the only way to save the auto industry is for good old Uncle Sam to take over the health care programs from GM and Chrysler so that they can “go forward into the future and be successfull without the undue burden of health care costs for their employees”. Of course, this will also give them a huge competitive avantage over the other car companies who still pay for their employee and retirement health benefits. So I guess that the only fair thing for The One to do is offer the same deal to Ford and Toyota. Then of course the appliance manufactures, the steelmakers,… before you know it, universal health care.
You asked for it, you got it: Obamobile!
middleman:
If you weren’t a drop in obamaista astroturfer you would know from discussions hear that Socialism is merely a particular kind of Fascism. Fascism is a collectivist political system built around a central organizing principle.
From 1949 through 1978 the People’s Republic of China was a collectivist state build around the Marxist-Leninst myth. Since 1978 the PRC has changed in central organizing principle to the historic middle kingdom. However, you notice that they have not changed the nature of their society in switching from Marxism-Leninism to Sorel-Mussolini-ism. The major difference is that under socialist mythology they were a poor nation where millions where murdered in a terror dominated state. Under Mussolini-ism they have become prosperous and a little less fearful. Socialism is the least successful form of Fascism. Obama wishes to organize his collectivist society around a failed mythology.
#39 One of my own “*gush and a squishy kiss as I bend to suck the tailpipe of a 1979 K car*”
How about instead you lean over and suck on that recent “ID-less” purchase you made at the local gun show?
Still can’t get over that *cough* *BS* *cough* intriguing story…
“Alice Romaine” is Leftist for cretin.
this guy is a fascist. he has nothing to do with socialism or big government, which provided much needed regulation and safety nets for the average person. we have a real psycho in the white house. he is determined to destroy this country and every day it gets worse, every day there are thousands upon thousands of americans out of a job added to the millions of americans who already cannot find work.
this moron is only interested in his pals in iran, an entity run by another evil dirtbag, who is, even to those in the middle east, a threat and an enemy and this one is dicking around with him.
do yu think he’ll notice if the market drops a thousand points tomorrow, or will his persian pal throw in some more bucks to make it look as if its going up. we’ve never had anything like this here, because it can’t happen here. and it is.
And so it begins; “a new era of responsibility,” or rather, “A New World Order” the likes of which “1984″ and “Brave New World” could not have envisioned. when I read those books, I thought that nothing like that could eve happen hee, in this country – not in “the land of the free and the home of the brave.” But, here we are; at least I was right that those things could never happen here. Unfortunately, something much worse – something much more sinister – is happening here, and it is being done, not in the shadows, but in the full light of day.
There are people applauding – cheering on these actions – all the while willingly giving up not only their rights, but the rights of their fellow countrymen, in order to “form A More Perfect New World Order” where one man – ONE MAN – can decide who works; their salary and bonuses; how much of their pay they will get to keep and how much will go toward maintaining someone else’s lifestyle, and how much of it will be sent overseas to reward terrorist states – forgive me, I meant to say misunderstood freedom fighters, so they can wipe a sovereign nation off the face of the earth; what healthcare they will receive; what kind of car they can drive; how much energy (and what kind of energy) they can use; how, when, and where their children will be educated; and how much those children will owe the government, that debt being assigned to them at the moment of conception – but of course, they will be forgiven of their debt if their parents decide to abort them.
How is it possible that in this country, the greatest country in the world since it declared their independence, that its citizens should have such a hatred for their own country that they are willing to give up the one thing that made this country great – the one thing that peoples from all over the world seek to come here at any cost – the one thing that our heroes (fathers, mothers, sons, daughters, brothers, and sisters) have so bravely fought and died to preserve, only to have those who do not deserve to have the word pass through their lips for they do not understand the importance of what they are giving up – freedom – FREEDOM! The God-given right to say, “We will not allow you to take our Republic and turn it into a socialist state.”
The only thing we have left is to fight for the one thing that is our God-given right – our freedom. We can, of course, only do that through the ballot box, and I hope that next year – in 2010 – we rise up as a group to take back our right to live in a free Republic. The only other option is to allow these people to take our country and turn it into a socialist state, a dictatorship, or worse.
I apologize for the long rant, but this action today is only the beginning of the end.
#36 Chad: I agree the union is a tick as one poster put it. But the CEO is not an ornament and has done nothing to turn it around. The lender in any situation gets to call the shots. Its our money-why should a rich ineffectual CEO be kept on to waste more of our money?
#49 atheist: me drag the country down? I didn’t run GM into the ground as Waggoner and the Unions did. If GM management had cared about America, they would have taken GM into bankruptcy where the union contracts might have been shed, instead of snuggling up to a government teat. They are the ones ruining US industry. They cant sell cars. They are the ones bringing the US down.
And its not populist to think this: its called free enterprise. its not free if you get your loans from the government: GM may as well be Amtrack.
50 and 51: fred and bear: what world are you in? Or are you GM management in disguise? GM has been declining since the 70′s. They have had their chance and then some.
As for “knowing about” the industry,who thinks GM or its unions have the foggiest idea of what to do except keep building crappy cars and paying too much to the UAW? When GM can’t get a loan anywhere else, fewer and fewer people buy its cars every year, and its liabilities are over a hundred times its assets, what else do you need to know? Oh yeah-Obama is your banker.
guys, gm does not deserve your loyalty.
**Mark Woodworth**
I’ve come to the same conclusion: I’d better spend the money now while it’s still worth something. I don’t want to save it just to have it taken away by taxes or inflation or Robin Hood swooping by on a mission.
*** anyone who’s still trying to play the race card ***
Seriously, you still think that’s a weapon of any sort? I don’t care anymore. I’ve long since been desensitized.
Marie Claude,
Grâce à vous!
But, Obama has the planet? Are you referring to Planet Earth or Planet of the Apes?
As for me, know that I am a Front National person, a Le Pen person, and especially Marine Le Pen: A bas les strangers! A bas les Allemands! A bas les Anglais! Vive la France!
Mark Woodworth, my thoughts exactly. It doesn’t take a rocket scientist to calculate that the “wealthy” is a moving target when Obama is creating debt faster than a one armed paper hanger. I am still trying to figure out if Obama said ‘no’ to GM or ‘maybe’ I suspect he said no to the actual GM company but yes to the UAW. He is methodically picking off our private sector, replacing it with the gov and the entities that will continue to advance his agenda-unions, child “volunteer” indoctrinization. All that we are seeing is just a ruse to divert people from the background scenarios playing out that will further ensconce our country into willingly giving up every last freedom that we have. Truly scary. I wish I could think where to hide my money. Even the mattress doesn’t look so good cause when we have global currency, it will be worth squat or less….
umm, grace à moi ?
well, front national still hasn’t the clean aspect of a normal party, Lepen’s populism made some serious damages, his daughter seems to take some distance from her sulfurous father, she condamned his late speech about holocaust, besides in her renewed party she accepts all the religious factions if they are entitled to defend the nation. I did not went that far, I supported Sarkozy,he hasn’t the weight of a general, but there wasn’t a better choice left in 2007
Actually, I kinda like the bravado…the chutzpah…of how this is all playing out, frankly.
I’m not in favor of any of it, mind you…but I do appreciate brilliantly executed tactics.
First, have Barney, Chris, Nancy, Franklin, et al …work to collapse the economy. Then, out of “necessity”…insist that “legislation” be RUSHED through to “save” it from “crisis”….that was “inherited”.
Nobody is allowed to read this, of course…there is no time. Bailout has been spelled incorrectly all along. Boil out is the term for all the frogs in the pot.
Take over the banks, take over Fannie and Freddie, take over the pharmaceutical companies, take over energy producers, take over manufacturing, take over the press. Brilliant, actually.
I’m in awe at the swiftness with which a hyper-power’s economy can be snatched and shattered, then grabbed and seized.
All I can say is….
YUGO, girl!
Obama fired the CEO but has anyone noticed how he’s only threatening the unions? All saber rattling. All for show. They elected him and now they’re calling in their favors. The average uninformed Obama supporter will see firing the CEO as a win when in reality it’s the unions that have brought the automakers to their knees.
60: I wrote a post that was a microsoft OS victim. I’m not going to re-write. Sufficeth to say I don’t like big companies but if you are going to put this all on Wagonner, support the claim. The current crises was catalyzed by the oil speculation last year that hit the base of the house of cards. Now the big O wants the GM elephant to dance on the head of a pin, come up with a new marketing plan (per O’s vision}, all prior to having a coherent energy policy and future infrastructure to base long range planning on. Bankruptcy may have worked better, in hindsight, but this is the perfect storm to drive us from recession to depression. Pouring more money in with unrealistic expectations is just dumb.
Idealism is a wonderful thing but at some point it has to come to terms with reality.
Put your money in gold.
I noticed on Huffington Post’s list of campaign donors that Wagoner and his wife max’ed out for the Republicans. GM employees in total gave twice as much to R as to D.
Looks to me that Obama is hitting the funding sources for the Republican Party hardest.
It’s all about the consolidation of power.
This is a very high profile of an American Icon for all of us see. It is Obama flexing his muscles. This is the continuation of the destruction of the American economy. Obama is, will be, the Saddam Hussein of America. And yes I said exactly who I meant. He will ruthlessly disembowel or economy first then his minions and his youth corps will disembowel us and our kids. He really does hate America. Are you ready for the reality. Haven’t you been given enough to know! Better sharpen your pitchforks. When they come for your guns, they will come for your liberty and your life.
Pooyie:
There is one thing wrong with your scenario. American Progressives would run away in fear if confronted by a belligerant opponent. Recruiting gang members through ACORN is not a viable option because there are more of us who are willing to stnad and fight then there are of them. They are also concentrated in a few areas and would not survive outside their urban jungle Obama knows this and if he indeed is seeking to end the Republic he knows it will be a multi-generational endeavor.
He has got you focused on the nonexistant short term threat while he sets his sights on long term transformation.
The real problem I have with Obam is his constantly changing rules. Wagoner ran GM for eight years, unable to stem the bleeding over the course of the last four. Wagoner should have resigned or been forced out long ago. It is common for the government to require the removal of top executives and boards of directors when forced to protect the taxpayer (i.e. banks in receivership). It isn’t THAT Wagoner was forced out that bothers me, it’s how long it took. Wagoner continued to demonstrate that his approach to turning GM around was largely based on hopes and wishes.
Obam has changed his approach to the auto companies at least three times since he enmeshed himself into the issue prior to assuming office, giving directions to a sitting president. Bush played along, exhibiting a shocking capitulation to the “office of the president elect.”
Obam is somewhat quietly pushing through cap and trade in response to a calamity that has never existed which will cost us much more growth than the demise of GM as currently constituted so a focus on this action seems to be missing the forest for few lousy trees.
Let’s focus on important issues.
Republicans love DEREGULATION
Democrats love REGULATION
The train was never de-railed during the Bush administration (eight years)
Bernanke did his thesis paper on “The Great Depression” he was obsessed about the Great Depression. And what? He never saw the similarities during those years he was in charge?
Tell me there wasn’t a plan here? Disaster broke before they could get out…the train was on the wrong track and they couldn’t switch direction.
There is proof of this every step of the way.
2005, AIG, investigations forced CEO Hank Greenberg, a major Republican donor, and Bush family friend, to resign for price fixing. Knock knock, Hello?
Major Republican donors: Bank of America, Wachovia, Citigroup, J.P Morgan, all big donors with the Republican Party…don’t ask don’t tell. All kept the books quiet until it was impossible to hide.
So give me friggen break.
GOP stands for GOT OFF PAYING. Screw and chew!
We are now left with a train wreck, an economic mess.
Where do you start, but by spanking those bad boy’s bottoms!
Threaten regulation, restriction, and “You are grounded until we get things in order!” Right now we are chastising the cusses that got us into this mess. We are taking away their rights, because frankly they don’t know how to manage money without getting into trouble!
LOL
The intimidated politicians and “businessmen” who continue in silence apparently, at this point, trying to survive what the inexperienced usurper at the top is doing, are going to have to face the music at some point.
It sure would be nice (almost “American” of them) if, since they are willing to take the fall, they would just go ahead and start saying publicly what they know about:
1) deals forced on them behind closed doors
2) who’s being forced out and the reasons they were given
3) how and where common business logic is being set aside
4) how much the kickbacks are and who they are going to
5) what their ACTUAL expectation is with regard to how long the new nationalized auto industry, banking industry, etc. will continue to function at any level
6) what their HR departments are estimating will be the short term and long range attrition
7) what they know about friends and coworkers’ plans for leaving the industry and/or leaving the country
8) what they have been threatened with if they talk
There have got be SOME business leaders who are more oriented to the survival of the United States that their own hides. They should know that they are toast, regardless.
ARE there any patriots left in the business world? Have they all been either compromised or threatened into silence?
This is past frightening.
Somebody Stop Soetero.
#73 acj:
“There is proof of this every step of the way.
2005, AIG, investigations forced CEO Hank Greenberg, a major Republican donor, and Bush family friend, to resign for price fixing. Knock knock, Hello?
Major Republican donors: Bank of America, Wachovia, Citigroup, J.P Morgan, all big donors with the Republican Party…don’t ask don’t tell. All kept the books quiet until it was impossible to hide.
So give me friggen break.”
Uhhh, fella, what exactly does any of that have to do with General Motors?
A “tectonic change in the relationship between business and government.” Time was, the role of government in a capitalist society was primarily to secure an environment in which private enterprise could thrive. Today, the role of government is increasingly to nationalize private enterprise, i.e., destroy it in the name of a “higher” good, a “new era of responsibility” in which government bureaucrats tell you how to run your business and whom to employ.
GM, and the banks are all under scrutiny with the government about miss-management, and screwing up. GM is no different. The health insurance, and not the unions, are to blame for GM’s union contracts to go horribly wrong…Our public schools are under the same type of contracts that have escalated 4 to 5 times higher than when they initially started.
Capitalism in the healthcare industry is to blame with GM. If we had national healthcare our problems would be solved.
Oh, an let me see here, GM is 73% republican donors, And GM made the Hummer, that really nice fuel guzzeling monster, and I am sure they did pretty good by military contracts. So here again, it must be that they are looking after themselves, instead of being competitive in the open market. This is when we all thought we would have so much oil that we could waste it in a 10mpg vehicle-LOL.
Atlas Shrugged.
Let me remind people that Ayn Rand was impressed with American innovation. Innovation is the key to capitalism. It is the drive to be the best, have the best, and improve civilization. America has been on the decline compared with other countries, and I blame the Bush administration for stagnating technology, and being down right backwards! Bush failed American companies. Corporate welfare is the same as poverty welfare-you sit on your sofa sucking Mountain Dew, and getting fat on burgers.
Instead we had a ditto of the 70′s blast in our face with fuel dictating our lives and reminding us that we are at the mercy, MERCY, of oil. America will never be strong if we are at the MERCY of anything.
Our oil wars, and energy policies, have caused the car companies to do the same old SUV’s, trucks for city slickers (one person in a 1 ton truck with hemmies) and so forth. So they are paying the price dearly.
Times have changed, and if a business wants to remain competitive then they must be flexible and be independent with their sources-car companies are not in the business of selling gas.
Ah, Bilgeman, I am not a fella.
I would have liked to see Wagoner tell BHO to GFY, then turn on his heel and go straight into BK court.
If there was any hope for GM that would have been it.
Wagoner screwed up by accepting the invitation to resign.
To hell with gold. Guns, ammo, canned food, a gas tank, a small SUV, a generator…there’s a really good web page out there about a guy who survived in Argentina when the SHTF and it’s what you need to know to survive.
Either the SHTF or there’s an assassination. I don’t think we’ll last even till the midterms. It’s so unreal.
I don’t advocate violence. Unless it’s necessary.
Government is ready to help companies, so the argument of not wanting government intervention is rediculous.
The private sector must be healthy or the government suffers. I see both hands getting washed and no one wants to fail.