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TOTUS Speaketh:

obama080630_1_5601

From the transcript of Obama’s announcement on the auto industry:

And so today I’m announcing that my administration will offer GM and Chrysler a limited additional period of time to work with creditors, unions, and other stakeholders to fundamentally restructure in a way that would justify an investment of additional taxpayer dollars. During this period they must produce plans that would give the American people confidence in their long-term prospects for success.

Now, what we’re asking for is difficult. It will require hard choices by companies. It will require unions and workers who have already made extraordinarily painful concessions to do more. It’ll require creditors to recognize that they can’t hold out for the prospect of endless government bailouts. It’ll have to — it will require efforts from a whole host of other stakeholders, including dealers and suppliers. Only then can we ask American taxpayers who have already put up so much of their hard-earned money to once more invest in a revitalized auto industry.

Big Tent Democrat respondeth:

I missed President Obama’s speech demanding “painful concessions” from Wall Street. I missed President Obama’s condition for Wall Street bailouts that “creditors [must] recognize that they cannot hold out for the prospect of endless government bailouts.”

You voted for him BTD, we didn’t. 

We wanted a Democrat but noooooo!

————————————————————————————-

UPDATE:

“Rick Wagoner will leave his post as CEO of bailed-out General Motors with a $20 million retirement package, the company’s financial filings show.

Although the Treasury Department has barred GM from paying severance to Wagoner or any other senior executive, Wagoner is eligible to collect millions in retirement benefits from his former employer, according to the documents reviewed by ABC News.”

Hey Rick!:     ‹^› ‹(•¿•)› ‹^›

(h/t Sam)

sacrificet

90 Responses

  1. How’s that hope and change workin out for ya, BTD?

    Harry Reid is emailing and begging me for money yet again. I replied thusly:

    You can keep your HopenChangen, thanks. Dear Leader Obama is horrifying me and the rest of the country on a daily basis.

    Americans are onto the scam perpetrated on us by the Democratic Party, and are not going to let you get away with it just because the Republicans are worse.

    At this point I’d take a Republican over the fraud in the Whitehouse and his enablers, any day – and that is saying something for a liberal, Bush-hater extraordinaire such as myself. Congratulations – you helped lie and scheme and arm-twist delegates until you managed to get a Democrat as president who is making even GW look good in comparison, and that is quite a feat.

    Want some support, Harry? Tell it to your enforcer thugs who tried to intimidate and steal the caucuses in Nevada and other states. Get Obama’s hateful juvenile “army” to come help you out now, if you are not already under the bus. I think you’ll find their attention span is short, and you’ll get no help from the old-school Democratic faithful, whom you and Donna Brazile and Axelrod and Rahm decided the party didn’t need anymore.

    We’re onto you, Harry – the whole stinking lot of you, all scrambling like mad to sell our country down the river in order to protect your paymasters and prop up that empty suit that YOU elected president.

    • Way to go! I hope you really did send that! I’m sick of the whole lot of them.

      • Oh, yes, I sent it. I always reply to my emails from the Party, and snail mail too. They need to know that many of we lifelong Dems are still out here, and have yet to pick up the Hopium bong.

    • Great letter!

    • Excellent response! Hope you don’t mind if I “borrow” a phrase or two on the odd chance the Dems come asking me for money.

  2. Heh……..but but but the media likes Obama. it won’t be hard to drag him across the finish line. He’s essentially the same as Hillary. Fill in the excuse du jour on why Obama was supported over Hillary.

    • That was BTD’s line. Their policies are the same. That he (BTD) doesn’t believe in experience, and the main reason was that BO will win because the press is behind him.

      Working really well, BTD, no??

      There is no free lunch. You should have asked yourself why the media, who sold Bush, sold Iraq war, was so much even more eager and aggressive to sell Obama. Why they didn’t question his massive fundraising and where the money came from. All we got was campaign press releases.

  3. For the record, I like BTD. I absolutely believed he was wrong for his rationale on why Obama should be the nominee though. The media is not our friend. It has an agenda………profit. We need to learn how to work around them.

    • I usually like (and agree with) him too.

      At least he never dove headfirst into the Kool-aid like Jeralyn did.

      • Agreed. BTD was an idiot to believe that being media darling trumped everything else. But Jeralyn is just ridiculous even though she backed Clinton in the primary. She is very much like Taylor Marsh and Charles Lemos. They all dove head first into the kool-aid to prove their loyalty to the Obot coalition. They just became just as deranged, sexist, and PUMA-hating as those who backed Obama in the primary. At least BTD remained relatively levelheaded the entire time.

        • I’m being radical again.

        • The way Jeralyn treated Palin was beyond disgraceful and her belittlement of “women’s rights” thoroughly disgusted me.

          Evidently, making certain women and children have a fair playing field is less important than making sure people accused of crimes have a fair playing field. Personally, I’m all for a fair playing field for everyone. I parted ways with Jeralyn after PDS. I am not into belittling people, particularly people who I believe have decent intentions(even if I disagree with them philosophically).

          • Read her posts on Madoff! It’s amazing. She was lamenting that the poor guy is going to die in prison.

            What is the trail of pain that Madoff has left behind?

          • The Palin issue cost TalkLeft a LOT of readers. I was banned over it, and I know of several others who were banned. It sucks too, because I liked BTD. Even when he was supporting “O”, he said it was due to the media selecting him, and he was better than a Republican. (Of course in hindsight, not so much, ‘eh?)

    • I like BTD too. One of the few non-Obot O voters.

      • Unfortunately, or perhaps ?fortunately?, I think most of the “~52%” O voters are not actually Obots… just naive, or disillusioned. The azzhole O partisans are another category altogether… Run ins with those types brings one thing to mind though… stepping in a big steamy pile of dog shite on the sidewalk…

        • ITA. I’d also add uninformed to your description of misguided Obama voters. The MSM did a great job of keeping voters clueless.

  4. I so fervently hope that all the folk like BTD and others have to eat it when it comes to Obie. I want to see gnashing of teeth and hair being pulled out by the roots.

  5. BTD has been spot on with his posts on the auto industry and Obama’s double standard. Unfortunately, despite having a higher IQ than the average Obot, BTD went against his better judgment and endorsed the media darling during the primary. Well, being the media darling isn’t everything as BTD will learn by 2012 if we don’t implode before then. Media darling or not Obama is the THIRD BUSH TERM, period. Minus a few things like stem cell research, Obama is a criminal Chi-town pol in disguise who is indebted only to those who have bought him. He could care less about progressives and the majority of the people who supported him. He only cares about the Wall Street giants who paid his way into stealing the election. Next time think before you vote and be especially wary of any candidate that is the media darling.

    • I never understood that “media darling” concept. That should have raised ALARM BELLS, not been a reason to vote FOR him!

      I mean, helloooo.

      • Exactly. We are talking about the same media who loved and mopped after Bush and wanted the war, right? Tweety’s leg tinglings are a sure sign of the wrong choice….not an inducement

        • Lol, paper doll and so true.

        • After 8 years of Bush and last year’s election coverage, it should be freakin’ obvious: If the media likes a candidate vote for whoever is running against him or her.

  6. I’m in moderation

  7. I added an update

  8. BTD “missed it” since back when he declared there was no real difference between Hillary’s and Obama’s stands.

    • Political stands and methods of implementation are different things. So is competence. People so disingenuously confuse those things on purpose to promote Obie that they lose all credibility.

      • BTD was very light on promoting Obie. His “support” was soft and primarily on the basis that Obama was a media darling which would guarantee he crossed the finish line. He didn’t pull any punches in regards to calling Obie a politician and criticizing him on stuff like McClurkin or trashing Clinton and his legacy. There were definite concerns prior to electing him. Unfortunately, they did not outweigh the benefit of having the media narrative on his side. It was a lazy position. If we want real change we will have to work to get and achive it. The powerbrokers are not going to allow us to have it and upset their applecart.

    • The whole progressive 1.0 missed it. There were only a few voices crying into the universe that all of the candidates weren’t essentially the same and could we please have a real discussion on them and their differences.

  9. so now potus is firing ceo.s???

  10. Everyone knows that BO could not have “won” the election without the shuffling of votes of FL and MI. The fact that Hillary won the popular votes in those states, that it was a given from the beginning that Hillary was going to win those states, and the DNC suddenly decided not to count those votes — until the convention, when votes were “divided” between Hillary and BO (BO was not even on the ballot in Michigan) — nobody talks about that, or even seems to remember. TOTUS supporters can say all they want about W stealing 2000 and 2004; the fact is, their guy was just as underhanded and dishonest in stealing 2008.

    • yep

      I will say this at least BTD was kind enough to be apalled by it. There were plenty who applauded the tactics that Obama used as “masterful”.

  11. When does THAT ONE ask for the resignations of the CEO’s involved in AIG and Citigroup or any financial institution that asked for bailout money.

    Why don’t they have them DRIVE to Washington to beg for money, the way they made the CEO’s of the auto industry do.

    So much for being for Main Street and Not for Wall Street. The hypocrisy is stunning.

  12. RD’s full article would have been a better place to add this update with one link to Obama and another to BTD. Meanwhile, the comments in RD’s thread are now appearing in some convoluted sequence, with or without original nesting.

    • We occasionally like to put up new posts

      • Yes, a new article would be welcome of course.

        You didn’t write one yet.

        The cited text (on yellow background) is 99% of your post. Links to both the press release by 0bama and BTD’s post should have been provided in either an update or a comment to RD’s article.

  13. http://www.huffingtonpost.com/robert-kuttner/obamas-banking-rescue-o-f_b_180529.html

    “I fear that these columns have been too polite. They have directed criticisms at Treasury Secretary Tim Geithner and national economic policy chief Larry Summers. Lord knows, they richly deserve the criticism. But let’s not kid ourselves. The man they work for is named Barack Obama.

    President Obama has promised to run an administration of unprecedented openness. And in some respects, such as the ground rules for spending stimulus funds, he has. But in the most important area of all, the financial rescue, the administration is making trillion dollar decisions relying on the Federal Reserve and a small Wall Street club of advisors, with no transparency or public accountability.

    In normal policy-making, an administration comes before Congress to request a law; one or more Congressional committees hold hearings; a broad range of witnesses are called; and then the legislation is drafted, enacted, and funds are appropriated. Criteria for spending the public’s money are explicitly legislated; and Congress gets to conduct oversight hearings after the fact to see whether the money has been well spent.”

    • Holy Toledo!! Bob Kuttner woke and and realized Obama wasn’t the second coming of FDR! Maybe there is hope for all of them.

  14. myIQ, I love the poster!
    Reminds me of Lord Farqaad in Shrek:”Some of you may die, but it is a sacrifice I am willing to make.”

  15. http://www.salon.com/tech/htww/2009/03/30/automakers_and_wall_street/

    “Which of these scenarios is more likely to be true? Recent history is on the side of those who believe that Wall Street pulls the strings. Only the course of events over the next few months will tell us whether the alternative explanation holds water. But as I watched Obama speak, I could not shake the feeling that this was a trial run, rather than a sellout, as preparation for the application of further strong medicine, rather than avoidance of the real problem. He’s too smart, and his advisors are too smart, to think that he could go before the American public and criticize the “principle of endless bailouts” without knowing that he would be held to account for those words.”

    _____________
    ????????????

  16. http://spectator.org/blog/2009/03/29/a-whiff-of-fascism-from-obamas

    “There is a whiff of Fascism emanating from the Obama White House.”

    _____________________

    Conservatives seem a little concerned.

  17. Hmmmm?

    Angie Harmon is not afraid to come out and say she doesn’t like how President Obama is handling the job — but she’s sick of having to defend herself from being deemed a racist.

    “Here’s my problem with this, I’m just going to come out and say it. If I have anything to say against Obama it’s not because I’m a racist, it’s because I don’t like what he’s doing as President and anybody should be able to feel that way, but what I find now is that if you say anything against him you’re called a racist,” Harmon told Tarts at Thursday’s Los Angeles launch of the new eyelash-growing formula, Latisse. “But it has nothing to do with it, I don’t care what color he is. I’m just not crazy about what he’s doing and I heard all about this, and he’s gonna do that and change and change, so okay … I’m still dressing for a recession over here buddy and we’ve got unemployment at an all-time high and that was his number one thing and that’s the thing I really don’t appreciate. If I’m going to disagree with my President, that doesn’t make me a racist. If I was to disagree with W, that doesn’t make me racist. It has nothing to do with it, it is ridiculous.”

    Opposition to Obama called racist? Whoodathunkit?

    • Oh, wait! That story came from FOX so it must be a lie

      • It isn’t a lie. That being said, Harmon is and was a conservative supporter that’s why FOX is so concerned with her being labeled.

        • I’ve always liked Angie Harmon anyway. She was my favorite ADA on Law and Order.

          • I’ve never had a strong opinion of her one way or another(Her husband is a sports analyst for FOX as well.) That being said I doubt FOX would be nearly as concerned about people being labeled if they were of the “dirty hippie liberal” variety. The hypocrisy of them chiding anyone for name calling is not lost on me. Hannity, Oreilly and such make their living lording their “superiority” over people and calling them names.

          • “media hypocrisy” is redundant.

            I find them all equally non-credible.

        • True and she can’t act worth a damn, anyway.
          Good thing for Angie that Dick Wolf has a thing for brunettes with husky voices.
          You just know that he once had a humungous crush on Susan St. James.

    • That post about Angie Harmon is strange. She is promoting an “eyelash growing formula” and she is talking to someone named “Tart.”

      • I think the column is called “Pop Tarts”

        Angie H looks like a vulcan in that picture – her eyebrows are scary.

        • Mandy Moore isn’t exactly Phi Beta Kappa material either.

          “The sort of criticism over the last couple of weeks is a bit unfounded, he’s been in office for barely any time and I think he inherited a lot on his plate and he’s doing a pretty remarkable job,” quipped Mandy Moore. “I think it’s cool that he went on Leno and I watched the “60 minutes” interview as well last week. The guy is just so articulate and he is so well versed in something that is so new to him and I think he has a good team around him. It sounds cliché, but he makes me feel proud to be an American.”

  18. PAYDAY: GM’s Rick Wagoner Drives Away with $20M Retirement

    Rick Wagoner will leave his post as CEO of bailed-out General Motors with a $20 million retirement package, the company’s financial filings show.
    General Motors Chief Executive Officer Richard Wagoner Steps Down

    Although the Treasury Department has barred GM from paying severance to Wagoner or any other senior executive, Wagoner is eligible to collect millions in retirement benefits from his former employer, according to the documents reviewed by ABC News.

    The Obama administration asked for Wagoner to resign Sunday, as part of its restructuring of the auto industry. President Obama said this morning that forcing Wagoner out indicated it was a time for new leadership.

    Under Wagoner’s leadership, GM lost tens of billions of dollars, took billions in taxpayer-financed aid, and cut tens of thousands of jobs, including announced plans to cut 47,000 employees by the end of 2009.

    http://abcnews.go.com/Blotter/story?id=7208201&page=1

  19. Just in case stating the obvious is the raison du jour, Obama just screwed us some more. Stocks Crap the Bed for Second Straight Day.

    http://money.cnn.com/2009/03/30/markets/markets_newyork/index.htm?postversion=2009033016

  20. I must admit that Obama has made it waaaaay too easy to gloat. It really didn’t take long for him to screw up. Amazing.

  21. What not to get me for my birthday:

    http://www.tcm.com/2009/dorisDay/index.jsp?shopref=Ad%20152×114:Doris%20Day

    It wouldn’t arrive by tomorrow anyway.

  22. Just saw Italian news (RAI 1). It opened with saying that Obama was preparing to let the auto industry go bankrupt. Then they went on to something else.

  23. new post (brit obots even!)

  24. This much can be said.
    Obama is at least giving some peanuts to the masses.
    More than a Republican would do.
    Obama needs to stand on his own now.
    The insane leftists such as Randi Rhodes, Ed Schultz, DemocRATic Undergound, Woody Allen (yes him too VOMIT), cannot blame race should Obama lose re-election in 2012.

    If I do not know what to do at this point. Obama is all we have.
    He is taking a hard line against the laborers yet a near free pass is given to those who caused this disaster. It is all to similar to what Bush was.

  25. He really creeps me out MIQ.

    Dictating to companies? Hmmmm.
    Presidents don’t do that — do they? Never before that I can think of.
    And that Chrysler Fiat deal.

    Hmmm.

    What is wrong with this picture?
    and, what does he have planned for Europe? That’ll be so interesting to see post-Berlin…

    • Actually Fiat as a company has improved a lot. It has turned itself round, improved quality, designed some really neat motors that are extremely efficient in fuel consumption, and are low in emissions.

  26. ps: I missed whatever Michael Moore did — hmmmm…

    He sure changed after that first documentary he did, no?
    About Flint. I used to like his films till this year.

    • Moore thinks the Big Dawg was evil and Gore wasn’t good enough, but he can’t get enough Obama Kool-aid.

      Go figure.

      • yeah go figure.

        go figure.

        MIQ– I see Vietnam redux.

        ps: Laurie on Fiat — I love Italian cars — but, I also love American cars — they are like “our cars” and since I have owned 2 myself — I just resent this bully takeover. Boy so does the LAT. The hed? He has crossed a line. He crossed a lot of lines in the last year that we saw —
        here is article but? this graf?

        http://www.latimes.com/business/la-fi-gm-policy31-2009mar31,0,6371904.story

        Some participants in the deliberations, speaking on the condition of anonymity because of White House restrictions on allowing people to speak freely, said the task force operated from an underlying belief that consumers would ultimately be attracted to more fuel-efficient cars despite current data showing many such cars languishing on dealer lots.

  27. ps Happy BD!

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