Check out the bailout spending:

http://www.cnbc.com/id/27719011


If I'm not mistaken, it exceeds the Federal Budget by about 50% !!!!!

Whoooooopeeeeeeee!!!!!

Put your hard earned dollars under the mattresses folks, if its where the
government can find they are going to tax it heavily.

"Dave" wrote in message
...
On Sun, 16 Nov 2008 18:23:03 -0700, "Charles Momsen"
said:


Put your hard earned dollars under the mattresses folks, if its where the
government can find they are going to tax it heavily.

And now Harry and Nancy want to use it to bail out the UAW.

Wait! This just in:

Democratic Controlled Congress acts recklessly with $700 Billion dollars!

http://www.tulsaworld.com/news/artic...1_hHecri880405

The Democrats just hand over an additional 25% of the US budget and demands
no accountability!

The hard working American taxpayers are swindled! Swindled!

By the Democratic Controlled Congress!

The reckless Democrats will destroy your life savings!

And take whatever is left!!!!!!

Can Obama fix the problem?

Hope!

Call for a return to the gold standard:

http://www.cato.org/pub_display.php?pub_id=9790

The Federal Reserve is doing an outstanding job!

"Dave" wrote in message
...
troll sh*t removed

And now Harry and Nancy want to use it to bail out the UAW.


Do you believe that we should allow the Big Three to fail? I'm kinda on the
fence about this... on the one hand, I think we should, because they got
themselves into this mess. On the other hand, this would displace millions
of people.... not exactly the best thing to do in the current economy.

--
"j" ganz @@
www.sailnow.com

"Capt. JG" wrote in message
...
"Dave" wrote in message
...
troll sh*t removed

And now Harry and Nancy want to use it to bail out the UAW.


Do you believe that we should allow the Big Three to fail? I'm kinda on
the fence about this... on the one hand, I think we should, because they
got themselves into this mess. On the other hand, this would displace
millions of people.... not exactly the best thing to do in the current
economy.



Going into bankruptcy and receivership is not necessarily failure. Under
bankruptcy the companies can be restructured, some debts eliminated and
contracts renegotiated. Here's an article you can read and add to your vast
repertoire of MBA knowledge (unless you want to continue parroting the false
dilemma of "allow the Big Three to fail") :

http://en.wikipedia.org/wiki/Bankrup..._United_States

"Charles Momsen" wrote in message
...

"Capt. JG" wrote in message
...
"Dave" wrote in message
...
troll sh*t removed

And now Harry and Nancy want to use it to bail out the UAW.


Do you believe that we should allow the Big Three to fail? I'm kinda on
the fence about this... on the one hand, I think we should, because they
got themselves into this mess. On the other hand, this would displace
millions of people.... not exactly the best thing to do in the current
economy.



Going into bankruptcy and receivership is not necessarily failure. Under
bankruptcy the companies can be restructured, some debts eliminated and
contracts renegotiated. Here's an article you can read and add to your
vast repertoire of MBA knowledge (unless you want to continue parroting
the false dilemma of "allow the Big Three to fail") :

http://en.wikipedia.org/wiki/Bankrup..._United_States



You're attempting to educate Gaynze about bankruptcy?
Bwwahahahhahahahhahah!

Hey, he's morally bankrupt so surely he knows all about it.

Wilbur Hubbard

"Wilbur Hubbard" wrote in message
anews.com...

Going into bankruptcy and receivership is not necessarily failure. Under
bankruptcy the companies can be restructured, some debts eliminated and
contracts renegotiated. Here's an article you can read and add to your
vast repertoire of MBA knowledge (unless you want to continue parroting
the false dilemma of "allow the Big Three to fail") :

http://en.wikipedia.org/wiki/Bankrup..._United_States



You're attempting to educate Gaynze about bankruptcy?
Bwwahahahhahahahhahah!

Hey, he's morally bankrupt so surely he knows all about it.

Wilbur Hubbard


Here's the education----

GM's net assets are listed he

http://finance.yahoo.com/q/bs?s=GM

As of June 08, they have net assets of $136 billion. The largest bankruptcy
in history occurred in Sept 08 with assets of over $600 billion. It's right
on the bankruptcy link. So why is the concern over GM bankruptcy, which is
only 20% of the largest? Throw in the 2 other automakers and it still is
much less than a $600 billion + bankruptcy.

It's all about having the public subsidize the plush union benefits at the
expense of those who have much, much less.

Look for the union label on the baseball bat coming through the windshield!

Ganz can't be educated. He merely repeats what he is told, very little - if
any - thinking goes on between his ears. But that's Dave's puppet show - an
enjoyable one indeed!

Thankfully we have brilliant, masterful people such as you, Wilbur Hubbard,
to counteract the masses of drooling, unthinking, knee jerk liberals.

"Charles Momsen" wrote in message
...

"Wilbur Hubbard" wrote in message
anews.com...

Going into bankruptcy and receivership is not necessarily failure. Under
bankruptcy the companies can be restructured, some debts eliminated and
contracts renegotiated. Here's an article you can read and add to your
vast repertoire of MBA knowledge (unless you want to continue parroting
the false dilemma of "allow the Big Three to fail") :

http://en.wikipedia.org/wiki/Bankrup..._United_States



You're attempting to educate Gaynze about bankruptcy?
Bwwahahahhahahahhahah!

Hey, he's morally bankrupt so surely he knows all about it.

Wilbur Hubbard


Here's the education----

GM's net assets are listed he

http://finance.yahoo.com/q/bs?s=GM

As of June 08, they have net assets of $136 billion. The largest
bankruptcy in history occurred in Sept 08 with assets of over $600
billion. It's right on the bankruptcy link. So why is the concern over GM
bankruptcy, which is only 20% of the largest? Throw in the 2 other
automakers and it still is much less than a $600 billion + bankruptcy.

It's all about having the public subsidize the plush union benefits at the
expense of those who have much, much less.

BINGO! The unions have done what they do best. They have priced themselves
out of the marketplace but, since Democrats are beholden to and dependent
upon their Union voting block, Democrat leglislators are going to to do
their best to spread the debt from the union looters to the productive,
non-union private sector. If unions can't recruit somebody legitmately
they're very good at stealing what they want - always have been.


Look for the union label on the baseball bat coming through the
windshield!

Ganz can't be educated. He merely repeats what he is told, very little -
if any - thinking goes on between his ears. But that's Dave's puppet
show - an enjoyable one indeed!

Thankfully we have brilliant, masterful people such as you, Wilbur
Hubbard, to counteract the masses of drooling, unthinking, knee jerk
liberals.

I pale in comparison to you, Dear Sir!!! Keep up the good work.

Wilbur Hubbard

"Dave" wrote in message
...
On Mon, 17 Nov 2008 12:53:43 -0700, "Charles Momsen"
said:

As of June 08, they have net assets of $136 billion. The largest
bankruptcy
in history occurred in Sept 08 with assets of over $600 billion. It's
right
on the bankruptcy link.

Poor comparison. Financial assets are generally either marked to market,
or
not too far out of line with their cost. Depreciated property, plant and
equipment dating back many years is in no way comparable.

You're correct it's apples and oranges. Thanks for pointing that out. So is
it better to look at replacement cost of the depreciated assets or GM's
market capitalization of under $2 Billion? If the company can be bought in
its entirety for $2 Billion, why wouldn't an investor buy the company,
starve out the union (close the doors for a few years) and put it back in
operation? Assets of better than $136 billion, yet a capitalization of under
$2 billion? Gee, I wonder why no one is jumping on this great deal. Do you
think if GM was capitalized at $1 there would still be no takers? Look for
the union label!

Charles Momsen wrote:
"Capt. JG" wrote in message
...
"Dave" wrote in message
...
troll sh*t removed

And now Harry and Nancy want to use it to bail out the UAW.

Do you believe that we should allow the Big Three to fail? I'm kinda on
the fence about this... on the one hand, I think we should, because they
got themselves into this mess. On the other hand, this would displace
millions of people.... not exactly the best thing to do in the current
economy.



Going into bankruptcy and receivership is not necessarily failure.


Yeah right. Would you buy a vehicle from a company that had filed for
Chapter 11? If so I think you'd be in the minority.


Cheers
Martin