Chrysler-GM Deal Moving Forward
Reuters is now reporting that the Chrysler-GM merger (or sale, which is what it should actually be called) is moving forward. Or in their terms, the two have “cleared major deal issues.” The bad news arrives in the second sentence: “Both sides have agreed that GM Chief Executive Rick Wagoner would lead the combined automaker.” Other highlights: Reuter’s sources confirm the what many already suspected about this “merger” being more of a swap for GM’s remaining stake in GMAC. As Reuters observes, the biggest issue will be securing financing to make this whole debt-mess work and keep the companies afloat, and that’s where the White House and Congress will come in with their money printing press.
Immensely bored law student. I've also got 3 dogs.
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Why, why, why are Americans sitting on their big wide duffs doing nothing while their guv'ment ROBS THEM BLIND and gives all their ass(ets) to the F@#&ing Multi-Millionaires? Where are the Thomas Jeffersons, Nathan Hales, George Washingtons of OUR age? The very LEAST we could do is vote EVERY SINGLE ONE of the MFing incumbents out of office, REGARDLESS of party affiliation, JUST VOTE NO to ALL of them. (Except Ron Paul, I think he's the only American left in Congress)
Just maybe ... they know it won't work and Rick will be the "fall guy" since we all know it this ship will sink with him at the helm. I think I see him standing on the bow of the Titanic pretending to fly... Kurt.