MrRodgers
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ORIGINAL: Phydeaux
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ORIGINAL: MrRodgers
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ORIGINAL: Phydeaux
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ORIGINAL: MrRodgers
Once again Phy, what you have is not entirely true.
Once more you don't know what you're talking about. GM making buyout offers to one group of employees has nothing to do with them screwing a different group.
http://townhall.com/columnists/michellemalkin/2014/07/25/still-fighting-the-delphi-workers-obama-robbed-n1865668
http://www.freedomworks.org/content/delphi-pension-scandal-story-should-be-bigger
Just one of a host of cases where the president broke the law, is being sued and discovery commences. Just like you democrats to screw people, and take their stuff. I'm sure you approve, right zonie?
Nothing like working your whole life and have the government steal your entire pension.
I know exactly what I am talking about and one does not get to use base partisanship as an issue, when it is the entire capitalist/corporatist/banker culture of corruption and greed that gives birth to this whole cancer on society at large to begin with.
First of all, GM divested Delphi in 1999. It is only because GM had agreed to assume some not all, but some of Delphi retirement obligations at the time, that this case even made it to the treasury/PBGC.
Yes, it seems to have been a scandal that treasury it appears, was calling the shots on whether PBGC was going to pay 1/2 the white collar retirement benefits...or none at all. I'll wait to start crying in my beer because this is nothing new in govt. and you refuse to acknowledge that while this episode is black mark on Geithner at treasury, (and Obama) let's look at the root cause and how that was allowed to played out ALL under the disdainfully or cheerful watchful eye of Bush and the repub admin. hands on (or rather hands-off) care of the whole mortgage shit paper and wall street MBS securities profit party and overall scam.
Bottom line:
Japan started making cars. They were crap. They got better.
They pay there workers $15 an hour or so. Korea pays $8 an hour or so. GM is at $75.
Labor rate losses get revealed faster on small cards. Re-read that again until you understand it. Japan conquering the midsize market spawned the failure of chrysler and Iacocca's guarantees.
GM used the high margin luxury & SUV market to subsidize the small car market. But as the japanese (and others) moved up the food chain.. GM went bankrupt.
GM wipes out its ridiculous union contract. Labor costs fall. Gee, what a surprise. GM is now profitable.
So I'm not exactly sure what you think Bush et.al had to do with it. But as usual a liberal's defense to everything is "It's bush'es fault". Isis: Bush.
Weak recovery: bush. Biggest deficits: Bush. Terrorism in Paris: Bush. Racism in America: Bush.
But congratulations it does save you from having to actually thinking about the issues.
If you have a citation about bush stopping all 50 state atty's from going after fraudulent mortgage loans - please feel free. Because that bares no resemblance to life on this planet. Because frankly, I hadn't heard of more than 2-3 attorneys going after it - but it was under the obama administration. So... cite please.
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But of course, banks...DON'T go 'bankrupt' because for that great and hallowed, free-market [sic] govt. taxpayer funded, bailout to 'save' the bankers,
Ahem. It may have escaped your attention but every single republican candidate for president - with the exception of jeb bush who was defending his brother(who passed tarp largely as a conciliation gesture) - opposed bailing out the bank. And none other than the huffington post confirms that:
http://www.huffingtonpost.com/2015/05/04/2016-republican-primary-banks_n_7207142.html
What is truly amazing here is that democrats got to bail out their crony's in the banks and hedge funds - and people like you think it was the republicans. How ironic.
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or what was actually otherwise was in fact, among the greatest displays of deregulated, govt./banker/corporatist, corrupt, greedy, unethical, immoral scummery since the 1928-29 fiasco of the same ilk ?
Yes it was. Bought and paid for by hillary clinton and the democratic party.
The White house (Bush & Co.) went after Spitzer having moved his case to Wash., unprecedented and the repubs in NY in another unprecedented move threatened Spitzer like no other client of prostitution, the case becomes all too clear.
Spitzer had become increasingly public in blaming the Bush administration for the subprime crisis. He testified in mid-February before the US House of Representatives Financial Services subcommittee and later that day, in a national CNBC interview, laid blame squarely on the administration for creating an environment ripe for predatory lenders.
On February 14, the Washington Post published an editorial by Spitzer titled, “Predatory Lenders’ Partner in Crime: How the Bush Administration Stopped the States From Stepping In to Help Consumers,” which charged, “Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye.”
In this editorial, Spitzer explained:
The administration accomplished this feat through an obscure federal agency called the Office of the Comptroller of the Currency (OCC). The OCC has been in existence since the Civil War. Its mission is to ensure the fiscal soundness of national banks. For 140 years, the OCC examined the books of national banks to make sure they were balanced, an important but uncontroversial function. But a few years ago, for the first time in its history, the OCC was used as a tool against consumers.
In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative. The OCC also promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks. The federal government’s actions were so egregious and so unprecedented that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules.
But the unanimous opposition of the 50 states did not deter, or even slow, the Bush administration in its goal of protecting the banks. In fact, when my office opened an investigation of possible discrimination in mortgage lending by a number of banks, the OCC filed a federal lawsuit to stop the investigation.”
The editorial appeared the day after Spitzer’s ill-fated rendezvous with the prostitute at the Mayflower Hotel. With that article, some Washington insiders believe, Spitzer signed his own political death warrant.
On March 4, 2008, Spitzer furthermore proposed legislation that would have imposed penalties for mortgage fraud and predatory lending.
Curiously, Spitzer, who had been elected governor in 2006, defeating a Republican by winning nearly 70 percent of the vote, has been not charged with any crime. His case went into the hands of Washington and not those of New York State authorities, underscoring the clear political nature of Spitzer’s “offense.” New York Assembly Republicans immediately announced plans to impeach Spitzer or put him on public trial if he were to refuse resignation. Although prostitution is illegal in most US states, clients of prostitutes are almost never charged, nor are their names typically released while a case is in process.
(in fact the DC Madame's phone is under a federal gag order not to disclose her clients many of which were high govt. and repub and admin. exec. officials according to her public statements)
Spitzer’s editorial concluded, “When history tells the story of the sub-prime lending crisis and recounts its devastating effects on the lives of so many innocent homeowners, the Bush administration will not be judged favorably . . . it will be judged as a willing accomplice to the lenders who went to any lengths in their quest for profits. The administration was so willing, in fact, that it used the power of the federal government in an unprecedented assault on state legislatures, as well as on state attorneys general and anyone else on the side of consumers.”
The rest of your thread is unworthy of any comment as either irrelevant, non sequitur or just more partisan tripe. HERE
< Message edited by MrRodgers -- 4/27/2016 4:34:06 PM >
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You can be a murderous tyrant and the world will remember you fondly but fuck one horse and you will be a horse fucker for all eternity. Catherine the Great
Under capitalism, man exploits man. Under communism, it's just the opposite.
J K Galbraith
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RE: Suggested reading for all republicans, right wing too. - 
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