Mercnbeth
Posts: 11766
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quote:
You claimed Spring Hill was going to become a "ghost town", apparently not aware they had re-tooled for Chevy production. I'm trying hard not to make you look, at minimum, misinformed. I was really hoping you'd actually look up what's going on in Spring Hill. But no - like your support of the Administration - you are blind to reality. For 'Sping Hill' - THIS is reality: Eventually, GM decided to move production elsewhere. The last Saturn made in Tennessee rolled off the line in 2007. After retooling, GM started building the Chevrolet Traverse in Spring Hill, but that production is now on its way out too. In November, it will be moved to a plant in Michigan, leaving Spring Hill's plant idle. I'll be happy to accept your apology, and admission that you didn't know accurate information. You want an example of 'disenfranchisement'? "Resident Joyce Avello puts the blame squarely on the federal government. It's an abomination what the government is doing to the automotive industry ... Get it out of the government's hands. They don't know how to do cars. They can hardly do the government ." IBID However at least one resident agrees with you and doesn't think it's the end of 'Spring Hill'; With Saturn gone and the local plant preparing to idle, at 94, G.W. Bowman said, "Of course, it's going to hurt, but it's not going to kill Spring Hill." IBID BTW - READING sources come in many flavors - this one is from CNN. (I don't watch CNN either.) Now I don't run GM or have anywhere near the employees of the closing Saturn plant; however, were I the major investor in it, I'd be looking for alternatives to Penske. Even if I didn't give a damn about the people of Spring Hill I'd try to recoup my investment. However, I don't think this Administration considers tax money spent as investment. But that's just me - quote:
Dinwiddie said he has been working with General Motors on a daily basis, and has invited President Obama and the auto recovery czar to come and tour the plant. IBID I appreciate the President having more important obligations to his money people in Chicago and had to instead go to Copenhagen. Nice place BTW - I hope he saw 'The Little Mermaid'. A bit anti-climatic, when you see it, but its still a 'must see' when in town. Now - lets move on... quote:
Yes, unless you believe that the President is now the CEO of AIG, Bank of America, JP Chase, etc Your position is that the Administration provided money with no accountability? As the primary shareholder of those companies Obama IS the de facto CEO of all of them. Although I don't think he has set up BoA at that level; the other references you gave do qualify for majority shareholder status. Not only do I stand behind that representation, but I'll point to is as a reason for the moribund economy. There is no leadership. The failure of these companies continues. However, when their survival is based upon ongoing cash going down the same drain, I doubt they will complain or do anything about it. Why were the car companies left off this list? As the CEO you can make an argument that the federal rebate program, 'cash for clunkers' was a good move. However in the void of that program ending it seems "now what?", doesn't have an answer. quote:
GM is an independent corporation, regardless of the government's financial stake. let's stop trying to pretend that the government has "nationalized" GM What would you call it? If it were an "independent corporation" it wouldn't have needed a bail out and bankruptcy protection. Its viability is directly in the hands of this Administration's decision to provide them operating capital. Allegedly it was to save jobs. Based upon the abandonment of the employees at the Spring Hill Saturn plant there must be some other agenda served. Or was the Bush II, Congress approved, Obama signed, stimulus just a waste of tax money?
< Message edited by Mercnbeth -- 10/6/2009 10:37:49 AM >
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