The Southern Avenger @ Taki’s Magazine
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Tag: globalism
The Southern Avenger on "Steadfast Sanford"
When hundreds of protesters showed up at the South Carolina statehouse to protest Gov. Mark Sanford’s refusal to accept $700 million in federal stimulus, it was worth noting how Sanford doesn’t represent economic disaster – but perhaps the only chance we’ve got.
The Article referenced in this Video is found here
The Southern Avenger on "9/11 Truths"
How “911 Truth” conspiracy theorists who believe the U.S. government orchestrated 911, aren’t any more “crazy” than those who believe Saddam Hussein did.
Is the Obama Administration letting G.M.'s New C.E.O. do it's dirty work for them?
Full Disclosure: My Father is a Retired General Motors Worker and U.A.W. Member.
——-
It sure as heck looks that way to me here.
The reason I ask this question is because a new report from CNBC that the new C.E.O. of GM is essentially saying that bankruptcy is the only option:
General Motors’s new chief executive told CNBC that filing for Bankruptcy may be the best option for the struggling automaker.
In a taped interview to be aired tonight on NBC Nightly News, Fritz Henderson said that because of greater demands from the Obama administration to restructure, GM is considering the bankruptcy option. The auto giant previously had ruled out such a move, saying it would discourage people from buying GM cars.
Henderson’s comments came after President Obama bluntly rejected turnaround plans by GM and Chrysler and demanded that both companies make fresh concessions in order to get more federal aid.
Henderson, who was GM’s president and chief operating officer, was named the new CEO after the government forced the resignation of CEO Rick Wagoner on Sunday. GM’s board is also being restructured.
Henderson told reporters that the company would still prefer to restructure outside of court, but the level of support Washington is offering would help the company quickly restructure through bankruptcy.
Henderson says GM needs to work faster and go deeper to get more concessions from bondholders and the United Auto Workers union. President Obama has demanded that GM come up with a better restructuring plan in 60 days in order to qualify for more government aid.
I find it very interesting that President Obama, instead of doing the dirty deed himself, ousted the CEO of G.M. and basically has let the new G.M. head honcho be his fall guy for basically screwing the bond holders and also the unions. This way, Barry comes off clean. It is a strategy that is quite slick, quite risky; but none the less slick.
The Wall Street Journal has more:
Inside a windowless, ornate room Thursday just across from the Oval Office, President Barack Obama and a group of senior economic advisers began the job of remaking the American automobile industry.
The first order of business: Oust General Motors Corp. Chief Executive Rick Wagoner.
It “wasn’t the hardest decision,” said one government official.
Steven Rattner, a former investment banker who is heading the administration’s auto restructuring; chief economic adviser Lawrence Summers; and Treasury Secretary Timothy Geithner were among those gathered around the polished wood table of the Roosevelt Room in the White House’s West Wing. They were there to decide under what conditions the government would continue to prop up once-powerful Detroit car companies GM and Chrysler LLC.
In the post-World War II boom, they were at the pinnacle of a quintessentially American industry. At Thursday’s meeting, once the Obama administration concluded the pair were running out of money, their effective dismantling began.
Beyond seeking Mr. Wagoner’s resignation, the officials also gave failing grades to GM and Chrysler for the restructuring plans they submitted to the government Feb. 17. They also set a deadline — one month for Chrysler, two months for GM — after which the government might force a bankruptcy restructuring of both companies and break up two of America’s business icons.
Many of GM’s problems didn’t start during Mr. Wagoner’s term, and most predate the economic downturn that sent car sales slumping, such as union contracts and the costs of paying for retiree health care. GM made a bad situation worse with huge bets on trucks and SUVs that piled up on dealer lots amid soaring gas prices last year.
While I will be the first to tell you, that General Motors has had its own share of issues. What Barack Obama did to G.M. and by proxy to the Union members and Employees of the company; was just flat out cowardly. Instead of forcing General Motors into bankruptcy himself. Obama is allowing the new head honcho of the company and his Auto Czar; do it for him. This way Obama does not burn through his political capital as quickly and more or less comes out looking like the hero. Of course, President TelePrompter will say that he inherited this mess, and by rights he did. But to pass off the basic executing of a company and it’s people to someone else, is quite the cowardly move in my book.
Hey Barry, If you ever happen to read this; Grow some freaking Gonads,will ya? I mean, come on. If you going to screw the American worker; why not do it yourself? Instead of letting your damned patsies do it for you. Just a thought.
The Southern Avenger on "What Happened to the War on Terror?"
On the sixth anniversary of the war in Iraq, why are the loudest champions of the War on Terror no longer talking about it?
Mark Steyn on debt to our kids
Mark Steyn on the debt that we’re leaving our Children:
Just between you, me, and the old, the late middle-aged and the early middle-aged: Isn’t it terrific to be able to stick it to the young? I mean, imagine how bad all this economic-type stuff would be if our kids and grandkids hadn’t offered to pick up the tab.
Well, OK, they didn’t exactly "offer" but they did stand around behind Barack Obama at all those campaign rallies helping him look dynamic and telegenic and earnestly chanting hopey-hopey-changey-changey. And "Yes, we can!"
Which is a pretty open-ended commitment.
Are you sure you young folks will be able to pay off this massive Mount Spendmore of multitrillion-dollar debts we’ve piled up on you?
"Yes, we can!"
We thought you’d say that! God bless the youth of America! We of the Greatest Generation, the Boomers and Generation X salute you, the plucky members of the Brokest Generation, the Gloomers and Generation Y, as in "Why the hell did you old coots do this to us?"
via Mark Steyn: Welcome, kids, to the Brokest Generation – Opinion – OCRegister.com.
Now, I realize that Steyn was being snarky. To be fair, much of this debt was brought on, long before Obama ever took office. But Obama sure did not do anything to stop the increase of that debt. In fact, Obama has added to it.
This whole idea of tax the rich, and spend out way out of a recession, is just bad all the way around. Mainly, because we are spending money that we do not even have. We are getting it from China, who is increasingly getting nervous about giving us this money; not to mention, they are becoming more hostile by the day.
So, while I think it is quite fun to blame the Democrats from everything from the weather to my inability to get laid. (
) Some things you just cannot put on one party or the other; because, quite frankly, both parties have done the dirty of adding to our national debt.
Others: Cold Fury and Pajamas Media
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An Interesting Movie
I post this because I believe that it is interesting. Alex Jones has always struck me as a kook. Someone amongst the “Tin Foil Hat” crowd. However, it is something interesting to watch.
Enjoy…
What do you think? Do you think that there is any truth to this?
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An Interesting Video
Okay, I’d like some feedback on this video here. (H/T to this guy)
Not sure what to think…. Opinions Please.
The only part I really disagreed with is, the part about a Republican style of Government. I do not believe that it was referring to the modern day Republican Party, But rather was referring to a Republic style of Government and not the actual party itself. This would be in contrast to British Monarchy or a, dare I say it? A Socialist Democracy. 😀
Again, feedback, Please, comment!
(Via Freedoms Phoenix)
Coincidence or just bad timing?
This is very interesting…:
President Barack Obama is poised to offer an olive branch to Cuba in an effort to repair the US’s tattered reputation in Latin America.
The White House has moved to ease some travel and trade restrictions as a cautious first step towards better ties with Havana, raising hopes of an eventual lifting of the four-decade-old economic embargo. Several Bush-era controls are expected to be relaxed in the run-up to next month’s Summit of the Americas in Trinidad and Tobago to gild the president’s regional debut and signal a new era of “Yankee” cooperation.
The administration has moved to ease draconian travel controls and lift limits on cash remittances that Cuban-Americans can send to the island, a lifeline for hundreds of thousands of families.
“The effect on ordinary Cubans will be fairly significant. It will improve things and be very welcome,” said a western diplomat in Havana. The changes would reverse hardline Bush policies but not fundamentally alter relations between the superpower and the island, he added. “It just takes us back to the 1990s.”
via Obama will use spring summit to bring Cuba in from the cold | World news | The Observer.
Meanwhile:
Caracas – Venezuelan President Hugo Chavez on Friday called upon US President Barack Obama to follow the path to socialism, which he termed as the “only” way out of the global recession. “Come with us, align yourself, come with us on the road to socialism. This is the only path. Imagine a socialist revolution in the United States,” Chavez told a group of workers in the southern Venezuelan state of Bolivar.
The controversial Venezuelan leader, who taunted the United States as a source of capitalistic evil under former president George W Bush, added that the United States needs a leader who can take it to a “higher” destiny and bring it out of “the sad role that it has been given, as a murderous, attacking power that is hated all around the world.”
Chavez said that people are calling Obama a “socialist” for the measures of state intervention he is taking to counter the crisis, so it would not be too far-fetched to suggest that he might join the project of “21st century socialism” that the Venezuelan leader is heading.
“Nothing is impossible. Who would have thought in the 1980s that the Soviet Union would disappear? No one,” he said.
“That murderous, genocidal empire has to end, and some day there has to come a leader … who interprets the best of a people who also include human beings who suffer, endure, weep and laugh,” the outspoken Chavez said.
Coincidence? or just really bad timing? You Decide.
(H/T Drudge)
Another Boneheaded move from the Obama Administration….
Another smooth move from the Harlem Globetrotter Administration. This time towards Michigan, The Detroit News laments:
President Barack Obama’s proposed cap-and-trade system on greenhouse gas emissions is a giant economic dagger aimed at the nation’s heartland — particularly Michigan. It is a multibillion-dollar tax hike on everything that Michigan does, including making things, driving cars and burning coal.
The president is asking for a system of government limits on carbon emissions. The right to emit carbon would be auctioned off to generate revenue for more government spending programs.
The president’s budget projects receipts totaling $646 billion through 2019 from the sale of these greenhouse gas permits.
The goal, according to the president’s budget outline, is to reduce greenhouse gas emissions such as carbon dioxide to 14 percent below 2005 levels by 2020.
Doing so will drive up the cost of nearly everything and will amount to a major tax increase for American consumers.
Such a tax will hit the Midwest particularly hard, which is why House Minority Leader John A. Boehner, R-Ohio, told the New York Times, “let’s just be honest and call it a carbon tax that will increase taxes on all Americans who drive a car, who have a job, who turn on a light switch, pure and simple.”
The carbon tax will be paid by energy companies, manufacturers and public utilities, who will pass the cost on to their consumers. Michigan will be especially targeted. It gets 60 percent of its electric power from coal plants, and the state’s economy is still reliant on heavy manufacturing such as car and truck assembly and auto parts production.
Michigan will lose as carbon tax money is shifted to states with a greater presence of high-tech and service businesses.
The proposed tax would take effect in 2012 and has the very real potential to throw the nation back into recession, if indeed the expected recovery has arrived by then. It’s impossible to raise costs for such basics as manufacturing and energy production by more than half a trillion dollars over a decade and not have the effects felt across the economy.
The nation’s gross domestic product contracted at an annualized rate of 3.8 percent in last year’s fourth quarter — the worst economic record in nearly three decades. Is this really a good time to be talking about a carbon tax? How will such talk impact investment decisions?
Obama promises to use some of the revenues for tax relief for certain workers and some of the rest for subsidies for alternative energy. But that won’t make up for the damage this huge new tax will do to the economy, especially in Michigan.
I would be willing to bet that many people here in Michigan, who voted for the magic moon bat are having a bad case of buyers regret today. This is what happens when you run a Presidential Administration that caters to special interests on the far, far, left and basically tells the rest of the Country to go to hell.
The liberals once made a movie called “Who Killed the Electric Car?” Pretty soon those same Liberals will be making a movie called “Who Killed the Detroit Auto Industry?”
