"Obama Orders Government to Buy GM Cars

This is unbelievable. The taxpayers have already spent billions on General Motors to bail them out. A company that should have been left to die. A company that sells very few vehicles that anybody even wants to buy. But no, the government decides stealing from the taxpayers is not enough. No, they decide to purchase 17,600 cars. The purchases are designed “to increase demand for American auto companies during these difficult economic times,” according to the White House.

So the government requires the car companies to meet a certain criteria to stay in business, but instead of allowing the free markets to work to either allow the company to achieve the criteria based on their merit, or fail and go out of business, the government swoops in and and buys all these cars so they will meet the criteria.

This is more bailout. This vote buying to keep the unions in the Democrats back pocket. I guess this was part of the spending plan that Obama rushed through. I think they referred to it as a “stimulus plan”. Instead of spending this part of taxpayer money in 2012, they decided to rush in and purchase cars to keep GM afloat. Is this really stimulus? I don’t think so."

Obama Orders Government to Buy GM Cars | Political Lipskip

So Obama wants to hurt and put out of work the citizens who live in the South and rely on our jobs with or business with companies such as Hyundai, Kia, Mercedes, BMW, Nissan, Toyota, Honda and several new startups in the works. Several of these make up my largest accounts but the President of the UNITED STATES favors the competition and orders without a competitive bid the purchase of autos from companies HE favors.

I hope the South rallies together to vote this bum out of office. How dare he work in cahoots with our competition to harm our jobs and welfare.

Actually try not to run you business into the ground when excess government and union intrusion gets to where the majority of your expenses, effort and energy has little to do producing and marketing your products.

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Why Discovery Channel not grant the leftwing gunman's wish and implement his ideas to save the planet? They've bought Al Gore's

The federal government did this exact same thing in the early 1980's when they bailed out Chrysler the first time.
(For those partisan hacks that want to scream about Mr Reagan, yes it was done under Mr Reagan's administration)
If you were on a military post during the early '80's, almost every passenger car on post was a Chrysler K-car. It was a two pronged bail out, not only did the government give them cash to keep them afloat, but the government bought all the cars that were so crappy that nobody else wanted them.
It was wrong then, and it's wrong now.

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What I wrote was what I meant.
Any other interpretation or conclusion you come to is probably wrong.

Actually there is a difference...

I don't know if there was an actual order to buy Chrysler's, but even if there was, Chysler was still it's own entity...

So if the government chose to buy cars from a company they loaned money to, they're JUST trying to insure they get their loan money back...

That's different from now, where GM is NOT it's own entity...It's owned by the government themselves...

So this is the government is paying THEMSELVES instead of paying a private company that happens to owe them...

In Reagan's day, it was a case of taking money out of one pocket and putting it into the private sector's pocket...and have it returned late...

But what Obama is doing is taking money out of one pocket and just putting it into the other pocket...

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"You get the respect that you give" - cnredd

Aside from the government ownership of GM, it's pretty much the same.
Give money, then use additional taxpayer money to purchase the product as a means to bolster the bottom line.

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What I wrote was what I meant.
Any other interpretation or conclusion you come to is probably wrong.

Oh I'm not saying the two are TOTALLY different...

I just said there IS a difference...

In Reagan's day the government was buyin cars from the private sector...

Today, the government is buying cars from...well...the government...

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"You get the respect that you give" - cnredd

Found this in my Market Wraps Newsletter 23 April 2010..

Anyone can google it if they like.

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A Paratrooper is in his natural element when surrounded by the enemy, unknown paratrooper with 5 combat jumps.

It's a subtle difference, but yes, it does exist.
My tax dollars paid over $12,000 for a GM car I don't own. Linky

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What I wrote was what I meant.
Any other interpretation or conclusion you come to is probably wrong.

Dodge/Plymouth/Chrysler were for a long time previous to that a if not the major supplier of vehicles to the federal government. I don't recall an executive order from Reagan to deviate from the normal procurment by bids during that time. You got something on that?

The government did not give Chrysler any cash back then it only guaranteed loans from private sources. THAT is a BIG difference.

I don't have a problem with buying GM cars if it gets us all in the black. Ya know everything thats been done lately was done because of the extaordinary circimstances our country faced. Maybe you don't agree with what has gone on but I do. GM was just one punch in a barrage of punches we were sustaining at the same time that could have knocked our country out. If all the other economic situations were normal and GM was failing in a vacuum I would be with you all in letting them fail. It was the totality of our situation at the time that made me support the bailouts. I think that the most respected economists left and right felt that way too. If we hadn't stepped in and our total economy crumbled we might not be here to have this debate now. Thats my thoughts anyway. I feel like its monday morning quarterbacking to some extent. We already did it now lets see how we come out of it. So far so good in my opinion.

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When I was younger I could remember anything, whether it happened or not.
Mark Twain