December 3, 2008
Ever since the Muslims attacked America by raising the price of oil from $2.90 a barrel to $30 a barrel in 1973, the Big Three car companies sold fewer cars and lost market share every year.
I cannot think of another set of three companies who losdt market share every, year after 35 years, an uninterrupted series of disasterous debacles.
Any investor who would buy stock in such losers deserves to be wiped out.
Somepbody should start a website listing the names of all the incompetent bags of s++t who served on the Boards of Directors and showing the other companies on which Boards of Directors they served, and the companies where they were Presidents, etc.
The shareholders of all those inter-related companies should pke them in the nose and kick them out on the street. No Directors should permit management that insists on selling buggy whips instead of high mileage and alternative energy cars.
Kick the bums out, shames them, destroy their golden parachutes, and exile them to Afghanistan.
If Obama cannt do this, he should resign from the Presidency
Entry Filed under: Barack Obama, Blogroll, Freddie Mac, New York Times, abc news, ann coulter, bailout, bankruptcy, cbs news, cnbc, cnn, cnn bias, feminism, finance, fox news, glenn beck, life, lou dobbs, mortgages, news, politics, presidential campaign, taxes. Tags: alternative energy, Auto compy bailout, bailouts, Barack Obama, Big Three, Detroit, Ford, henry paulson, Hillary Clinton, mortgage crisis, politics.
1. Ahmnodt Heare | December 3, 2008 at 3:33 pm
Perhaps you will like my 2-step bailout plan:
1) Bail out companies that won’t need it. If we bail out Wal-Mart, they will have the capital required to hire more people greeters.
2) Bail out companies that have folded. Bailing out folded companies will re-create jobs lost when the companies fell. Let’s bring back Eastern Airlines. I miss their peanuts.
2. Judy | December 11, 2008 at 3:31 pm
Ahmnodt – Ii do like your 2-step bailout plan – which makes more sense than pouring our money down the drain. What is our leadership doing!! Not a single successful entrepreneur thinks this bailout makes sense. I just heard Warren Buffet on fox business channel disagreeing with it. Donald Trump disagrees, and is also fuming at giving all the money to the banks, one of which used it to spend $60Billion to buy a bank in CHINA. What ????