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Old 07-04-2009, 08:30 AM   #15 (permalink)
tgagneguam
6.2 Liter LS9 Supercharged V8
 
Join Date: Aug 2003
Posts: 7,647
Re: Bondholders Argue Over GM Assest Sale

Quote:
Originally Posted by chevyman1973 View Post
i love hearing people complain about the govt moving around the law, but that is what is done everyday in court rooms around this country! As for this sale if its in the law and they say it can be done then whats the problem! Remember these laws were on the books long before GM filled chapter 11!

Dont you people want GM to be around anymore? Dont you understand that the govt is why GM is in this spot! They made it easy for the other auto companies except the big 3 to make it in the us!
This post unfortunately reflects a new reality in America, one that I think is the start of a slide toward mediocrity.

Yes, GM failed because of everyone else. It had nothing to do with management or the UAW that represented the workers.

Little Johnny isn't doing well in school because the teacher isn't good enough. It has nothing to do with the parents not providing a home in which education is emphasized. Or better yet it has nothing to do with the fact that Johnny doesn't study.

Yup, Americans are fat because of McDonald's or their parents' genes. It has absolutely nothing to do with people making poor food choices and leading sedentary lifestyles.

Financial institutions failed because borrowers had guns to the heads of Bank of America and Citigroup, forcing them to lend to credit unworthy people. And alternatively, borrowers were forced to buy larger homes that they couldn't afford.

When Americans stop externalizing responsibility, you will see lots more good start happening in America.
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