Forget nationalizing banks

Let’s nationalize GM, first.

General Motors Corp. and Chrysler LLC told the federal government they need at least $21.6 billion more combined in bailout loans to put them on the road to recovery, and outlined possible scenarios if either auto maker should have to file for bankruptcy protection. […]

GM also said it will shut five more factories on top of the closures it had already planned. In addition, it plans to eliminate thousands of dealerships and slash 47,000 jobs this year around the world.

But wait!  It gets better!:

GM said it might need as much as $100 billion in financing from the government if it were to go through the traditional bankruptcy process. Rick Wagoner, GM’s chairman and chief executive, said the bankruptcy scenarios are “risky” and “costly” and would only be pursued as a last resort.

Now witness a reasonable display of profanity after the jump.

ARE YOU FUCKING KIDDING ME WITH THIS SHIT?!

47,000 jobs and dealerships — gone?!  Gone?! And then you demand possibly $100 billion from the government?  Fuck you!

I’ve about had it with this shit.  What has GM done all these years, sold fucking pineapples?  Jumping Jesus on a pogo stick!  They’re going to cut thousands of jobs and then say they need a bailout?  Uh, excuse me, but that’s not the way it works.  A bailout means you get money TO KEEP PEOPLE FUCKING EMPLOYED, YOU MISERABLE FUCKING SHITS! And how in fuck did you dig yourselves such a hole that you could possibly need $100 billion fucking dollars?!

That’s it.  I’ve had it with this shit.  We need a car czar, because any CEO that constantly crawls to the government for multi-billions of dollars obviously doesn’t know what the fuck he’s doing.  Why do these jerkoffs still have their fucking jobs?  Huh?  I could do a better job than these fucktards, make me car czar.  Because if the government has to shell out $100 billion to the auto industry just to keep it afloat, they mine as well as fucking own it.

This shit is getting fucking ridiculous.

4 Responses to “Forget nationalizing banks”

  1. downing street memo says:

    GM isn’t asking for $100 billion. That’s an estimate of what debtor-in-possession financing would cost the government were the company to go through a bankruptcy. I think they were required to present a bankruptcy scenario as part of their progress reports.

    Also not sure why everyone complains about job losses – the way I see it, cuts are inevitable given this economy (Honda, Toyota, BMW and Nissan are doing it too), and you either cut some jobs or cut them all. Clearly, the better outcome for the overall economy, especially for a major employer like GM, is the former.

  2. tas says:

    GM isn’t asking for $100 billion. That’s an estimate of what debtor-in-possession financing would cost the government were the company to go through a bankruptcy. I think they were required to present a bankruptcy scenario as part of their progress reports.

    Some people would regard this as a threat — if you don’t give us $XX billions now, we’ll come back for $XXX billions later.

    Also not sure why everyone complains about job losses – the way I see it, cuts are inevitable given this economy (Honda, Toyota, BMW and Nissan are doing it too), and you either cut some jobs or cut them all.

    Because usually the deal works like this: if you give us $XX billions, we’ll keep XX,XXX jobs. But now GM is saying eh, just give us the money. Do we even know what they’re going to use this money for? Have they presented a business model that shows why the money is needed and where it’s going? Do they have a plan? I’m sick of the lack of accountability. If we give GM the money at this point, then I right the government should fire GM’s management and go in there with their own management crew since the current head honchos at GM obviously don’t know what they’re doing.

  3. boy, credit is Crack’s evil twin
    and they still gone let go 50,000 workers (auto folks)

  4. Kathy says:

    Also not sure why everyone complains about job losses – the way I see it, cuts are inevitable given this economy (Honda, Toyota, BMW and Nissan are doing it too), and you either cut some jobs or cut them all.

    Has your job been cut?

Leave a Reply

Your email address will not be published. Required fields are marked *

Connect with Facebook