Fox News Embraces Right-Wing Theory That Obama Is Forcing GOP-Owned Car Dealerships To Close
Fox News Embraces Right-Wing Theory That Obama Is Forcing GOP-Owned Car Dealerships To Close
Citing a handful of right-wing bloggers yesterday afternoon, the Washington Examiner reported ominously, “Evidence appears to be mounting that the Obama administration has systematically targeted Chrysler dealers who contributed to Republicans” for closure. Not to be outdone, Fox and Friends hosted conservative blogger Michelle Malkin this morning to play up the conspiracy theory. “Believe me Steve, over the last several years, we’ve all documented the Obama-Chicago-gangland tactics that certainly make this a possibility,” Malkin said.
Malkin’s speculative hysterics were apparently enough to pique the interest of Fox News White House correspondent Major Garrett. As he’s done with other right-wing conspiracy theories, he asked the White House for its response to the charges:
GARRETT: There is some concern in the blogosphere that of the of the Chrysler dealerships being closed, a disproportionate number appear to be in which the operators contributed to Republicans. And hardly which contributed to democrats have been closed down. I’m not saying the White House knows anything about this but would you be concerned about any taint of politics in any of the decisions.
Watch it:
As Press Secretary Robert Gibbs explained to Garrett, it is Chrysler — not the federal government — that is in charge of selecting which dealerships will be closed. Further, as Nate Silver explained in a post that was published just hours after the Examiner’s initial report yesterday, “There is just one problem with this theory. Nobody has bothered to look up data for the control group: the list of dealerships which aren’t being closed.”
Silver explained, “It turns out that all car dealers are, in fact, overwhelmingly more likely to donate to Republicans than to Democrats — not just those who are having their doors closed.” In all, Silver found that “88 percent of the contributions from car dealers went to Republican candidates and just 12 percent to Democratic candidates,” while, the list of Chrysler dealerships being closed “gave 92 percent of their money to Republicans — not really a significant difference.”
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The problem here is as usual.
Fox News morons attempting to say something poignant involving something mathematical or statistical.
May 28th, 2009 at 6:05 pmAll right! 0$ finally will tell us the brand of his car! It’s related to the blog article now!
May 28th, 2009 at 6:08 pmLOL!
Translation:
“There is a scary black man running wild in the Whitehouse”
May 28th, 2009 at 6:09 pmI’ll bet the republican oppo squad is starting to feel a little jaded: their shit seems to have lost it’s cohesiveness.
It’s hard to fling poo, when it runs out between your fingers, and down your arm.
May 28th, 2009 at 6:09 pmOK…Fox is now officially deranged
May 28th, 2009 at 6:11 pmRepublicans are almost as good at math as they are at history, science, economics, or the law.
“Evidence appears to be mounting…”
Aka. “speculation in the echo chamber appears to be mounting…” Still no evidence, though.
May 28th, 2009 at 6:11 pmeyeswideopen1 Says:
“There is a scary black man running wild in the Whitehouse”
Hide the silver!
May 28th, 2009 at 6:12 pmIn one day, the GOP unveils their own strategy of the last 8 years all in one swoop.
May 28th, 2009 at 6:17 pmNate Silver explained in a post that was published just hours after the Examiner’s initial report yesterday…
– - When Frank Luntz grows up he can only dream of becoming Nate Silver.
May 28th, 2009 at 6:18 pmIf they were not still dangerous I would spend my whole life laughing at the insane paranoia of the Reichwhiners.
May 28th, 2009 at 6:19 pmIn other news, evidence is mounting that God has systematically target men to be stricken with erectile dysfunction.
Well, maybe ‘mounting’ is the wrong world…
May 28th, 2009 at 6:19 pmIt’s sitting right next to the evidence that says “Bush and Cheney are war criminals.”
Must be a strange sort of existence, being an apologist for torturers. Do you start by excusing rapists and child-molesters, and work your way up, or down, as in this case?
May 28th, 2009 at 6:19 pm““88 percent of the contributions from car dealers went to Republican candidates and just 12 percent to Democratic candidates,” while, the list of Chrysler dealerships being closed “gave 92 percent of their money to Republicans”
failures love company
May 28th, 2009 at 6:19 pmobamawipe$ Says:
Maybe cause he and the tax cheat are doing exactly that?
Except they’re not. You have provided zero evidence for this proposition. Much evidence has been provided against it (once again, summarized in the news article at the top of the very same web page that you are reading). Thus, your claims are contrary to reality and all fact.
.
obamawipe$ Says:
Still no evidence, though.
It’s sitting right next to the evidence that says “Bush and Cheney are war criminals.”
You mean it’s next to the Geneva Conventions? Or any of the other treaties we’ve signed? The Constitution? Wait, what is your list of Chrysler dealerships doing in the National Archives, anyway?
May 28th, 2009 at 6:20 pmobamawipe$ Says:
Still no evidence, though.
It’s sitting right next to the evidence that says “Bush and Cheney are war criminals.”
May 28th, 2009 at 6:16 pm
_____________
Ok, now I’m confused.
Are you admitting that Bush and Cheney are war criminals, or are you admitting that your whole Obama/Chrysler meme is bullshit?
May 28th, 2009 at 6:21 pmMerdad Says:
I feel sorry for Bob Gibbs-
I feel sorry for you, sad little thing.
May 28th, 2009 at 6:21 pm“Evidence appears to be mounting”
Translation; We’re piling up the B.S. now so we can “catapult the propaganda” into your living room.
May 28th, 2009 at 6:22 pmWhat?!? Car salesmen are Republicans? Who’da thunk it.
May 28th, 2009 at 6:23 pmO’Reilly is criticizing his news…urrr,,tabloid sources?
Bwahahaha
May 28th, 2009 at 6:23 pmoilforillegals Says:
Thank you, tp for keeping the leag on this story. The truth will come out and it won’t come from a far left loon like nate silver.
May 28th, 2009 at 6:24 pm
____________
Yes, eventually other media outlets will look at the data and realize that it’s complete bullshit.
Perhaps not Fox, but legitimate media outlets perhaps.
May 28th, 2009 at 6:25 pma far left loon like nate silver.
Success really irks you, I guess.
May 28th, 2009 at 6:25 pmLogic 101
If 88% of Chrysler dealers gave money to X__(R)___ [party here] what is the percent of the dealers, who were shut down for low sales, be?
About 88%!
May 28th, 2009 at 6:26 pmOur pet trolls have really outdone themselves lately. No lie they won’t embrace, no vile act they won’t defend.
May 28th, 2009 at 6:26 pmobamawipe$
May 28th, 2009 at 6:28 pm— Thanks for being scared. I just made another ten bucks off you….
Its not a conspiracy, its just people who dont use logic. There is no truth to come out, all this is already in the bankruptcy documents. Chrysler was reducing the number of dealerships since 2007.
May 28th, 2009 at 6:28 pmGroping at straws…
…and NO, this would be something that Republic Fascist Party members would do.
Fcuk the Republic Fascist Party
Obamawipe$ blows goats
May 28th, 2009 at 6:29 pmLividLib Says:
““88 percent of the contributions from car dealers went to Republican candidates and just 12 percent to Democratic candidates,” while, the list of Chrysler dealerships being closed “gave 92 percent of their money to Republicans”
They are closing the least successful dealerships.
They’re not closing the successful dealerships.
Maybe it’s just that people who donate to the Repubs are not the sharpest knives in the drawer.
May 28th, 2009 at 6:30 pmI bet at least 92% of the people who bought bridges from conmen also donated to the GOP.
Did you read the article Jethro?
:|
Mathematics (what a conservative calls “cipherin”) and Conservatives.
The two just don’t “add up”.
May 28th, 2009 at 6:30 pmExplain why some of the dealers that were shut down had doubled their sales since January?
Cause even if you double zero you still get zero?
May 28th, 2009 at 6:30 pmDoubled from what? 12 to 24?
The dealers that are being shut down are low sales. If a dealer is making 250 sales a month versus a dealer in Arkansaa who went from 20-40…it doesnt mean anything.
May 28th, 2009 at 6:30 pmNext it will be “Obama’s depressing car sales,” or “Obama’s changing people’s warranties,” or “Obama’s requiring fewer airbags per vehicle,” or some such lunacy.
May 28th, 2009 at 6:31 pmNate Silver pwned blowhard John Ziegler. I’m sure he can pwn oilforillegals, 0$, and the others while in bed with a fever of 105.
May 28th, 2009 at 6:32 pmAnd furthermore, quite a few of the dealerships may lose Chrysler, but they still sell other brands, and used cars, and wont be going out of business.
May 28th, 2009 at 6:32 pmoilforillegals Says:
Explain why some of the dealers that were shut down had doubled their sales since January?
I don’t is it possible that if you had real shitty numbers like 25 unit sales and doubled it to 50……they would STILL be real shitty numbers.
May 28th, 2009 at 6:32 pmI’m not in the car business, but I’ve been told by some who are that a large portion of those dealers had real shitty numbers.
oilforillegals Says:
Explain why some of the dealers that were shut down had doubled their sales since January?
May 28th, 2009 at 6:28 pm
____________
Proof?
May 28th, 2009 at 6:32 pmThe republican fun just keeps going. What this really means that Republican car dealers are not as good at business as Democratic car dealers, so GM shut them down.
May 28th, 2009 at 6:33 pmThis just in.
A vast majority of Chrysler dealerships, that remain open, have made very generous contributions to the Retard Party. Also noted in this report was the fact that a vast majority of these dealerships show FAUX Snooze on their TV’s in the waiting areas, and they hide their remotes. Additional reports indicate that Chrysler dealership customers are going blind from staring at the sun instead of watchng FAUX Snooze. One anonymous customer was reported to say “I would rather stare at the sun than watch FAUX Snooze”. Torture advocates have been heard to say “Pish, Posh. Staring at the sun only makes your brown face browner.”
May 28th, 2009 at 6:34 pmBarking up barren trees is an exercise in futility
May 28th, 2009 at 6:34 pmEnough with the Red Herrings.
President Obama nor the US Government isn’t deciding what dealers are being shut down genius.
CHRYSLER is deciding what dealers are closing.
Duh….
:|
Fox News takes a crap on the air and you morons just gobble it up.
May 28th, 2009 at 6:35 pmI am still waiting for Wipes to answer whether he was saying that Bush and Cheney are war criminals or that this rumor about Obama/Chrysler is false. If they are together, like he says, either they’re both true or both lies. Which is it? Hmmm? Either way, wipes, you look like the dumbass you are. Thanks for playing. Next contestant, come on down!
May 28th, 2009 at 6:35 pmoilforillegals Says:
Explain why some of the dealers that were shut down had doubled their sales since January?
I see it’s not just me, but it seems like everyone here sees the stupidity of your statement.
Take a math class, dude.
May 28th, 2009 at 6:35 pmCue the trained seal:
I guess olbermann hasn’t told you about obamas new epa standards that are going to raise new car prices astronaumically…
Here’s a fish…
May 28th, 2009 at 6:36 pmoilforillegals Says:
I guess olbermann hasn’t told you about obamas new epa standards that are going to raise new car prices astronaumically…
May 28th, 2009 at 6:34 pm
___________
Proof?
May 28th, 2009 at 6:36 pmShitty cars too.
:|
Cept for the 300M. I’d drive a 300M. Maybe I should pick one up cheap.
May 28th, 2009 at 6:36 pmoilforillegals Says:
obama has also put safty standards in the back seat…nice, huh?
May 28th, 2009 at 6:36 pm
____________
Proof?
May 28th, 2009 at 6:37 pmFord, and others, already make high mileage cars they dont sell in the US
May 28th, 2009 at 6:37 pmoilforillegals Says:
obama has also put safty standards in the back seat…nice, huh?
Sounds logical. That’s where children ride.
May 28th, 2009 at 6:37 pm… ally ly ly…
sound it out, buddy.
May 28th, 2009 at 6:38 pmOkay, your just being silly now.
May 28th, 2009 at 6:39 pmThis just in.
A vast majority of Chrysler dealerships, that remain open, have made very generous contributions to the Retard Party. Also noted in this report was the fact that a vast majority of these dealerships show FAUX Snooze on their TV’s in the waiting areas, and they hide their remotes.
Hmmmm, statistical corelation.
May 28th, 2009 at 6:40 pmFaux News audience- primarily elderly
Could be why Chrysler isn’t maintaining it’s customer base.
Them young whippersnappers seem to be buying Hondas, Toyotas and Fords.
I kinda like the new Charger RT
May 28th, 2009 at 6:40 pmBizzaro, but I’d still support the move if he actually made it.
FCUK THE GOP.
And ‘taintwipe’, the Big 3 (can we really call them that anymore) have all agreed to the new CAFE standards already.
I’d say “do try and keep up”, but you’re not even on the same road as the majority of Americans.
Again, you’re a complete fcuking idiot, GOT IT?
May 28th, 2009 at 6:40 pmSo, if car dealers are more likely to donate to the repubs, shouldn’t Obama just let them fail ?
May 28th, 2009 at 6:40 pmoilforillegals, what kind of car do you drive?
May 28th, 2009 at 6:41 pmThe headline is redundant. FOX News reports only right-wing theories.
May 28th, 2009 at 6:42 pmoilforillegals Says: obama has also put safty standards in the back seat…nice, huh?
Ok, You’re not good at math….you can’t spell
Why doesn’t your coach bench you and send in a reliever?
May 28th, 2009 at 6:43 pmFCUKING IDIOT TROLLS, he’s not changing the EPA with regards to cars, they’ve simply updated and modernized the CAFE standards.
You’re hopelessly, criminally ignorant.
May 28th, 2009 at 6:43 pmoilforillegals Says:
Fox News audience- primarily elderly
Is that why they kick ass in the demo every night?
Thank the rest homes.
May 28th, 2009 at 6:43 pmIs that why they kick ass in the demo every night?
Try again.
I think you left out a word or two…
May 28th, 2009 at 6:44 pmoilforillegals Says:
Proof?
Google.
May 28th, 2009 at 6:37 pm
___________
Ok, done.
Please explain how an estimated $1,300 of added cost per vehicle is “astronaumical” on a car costing $20,000 or more, given that it will use less fuel and pay for itself in just a few years.
May 28th, 2009 at 6:44 pmHate to be redundant (ok I really don’t but it sounds nice) but lets get one thing straight here.
President Obama IS NOT deciding which Chrysler dealerships close!
The US Government isn’t deciding what Chrysler dealerships close!
CHRYSLER is deciding what dealerships they close.
:|
Lets not spread the Fox News NONSENSE any further than we have to. The story is laughable, sure, when anyone with a brain or a pocket calculator looks at the math.
But the story is even MORE laughable, because it’s just a pile of NONSENSE.
The only one deciding which Chrysler dealers close is CHRYSLER.
Fox News as always, is just full of sh$t.
May 28th, 2009 at 6:44 pmRemember 297 million people DONT watch FOX
May 28th, 2009 at 6:45 pm“sockpuppetfortrolls”
May 28th, 2009 at 6:45 pmLooks like our friend can’t prove his claim, folks.
Who’s shocked by this? Show of hands!
May 28th, 2009 at 6:46 pmDo NOT try to pass the BS that stricter mileage standards mean more expensive cars. All that the automakers need to do is put smaller engines in their cars. Smaller engines are lighter and require lighter structures for the drive-train and mounts. Lighter drive-trains result in lighter cars or, the savings can be used to increase safety if one sacrifices a little more performance.
Anyone who claims that high mileage needs to cost extra is stupid, lying, or both.
May 28th, 2009 at 6:47 pmoilforillegals Says:
Fox News audience- primarily elderly
Is that why they kick ass in the demo every night?
Cause some old people have nothing better to do than sit and stare at a tv
while other people are actually living their lives.
I know this is a tough mathematical concept for you to grasp, but what percentage of the actual population of the U.S. is the Faux News audience?
May 28th, 2009 at 6:47 pmIt’s less than one percent.
It doesn’t make sense that a company going into bankruptcy would close dealerships for any reason other than the bottom line. It isn’t punishment. It’s the bottom-line (that Republicans pretend not to understand that is really laughable.)
May 28th, 2009 at 6:49 pmThe lower sales are probably in more economically distressed locations—I doubt that this is a judgment about the dealers themselves.
Merdad Says:
Have you ever seen any President bow to a dictator like king of Saudi Arabic.
Never heard of your imaginary “Saudi Arabic”.
Besides dipshit, ever seen this pic?
WONDER WHERE SHRUBS HANDS ARE, HMMM?
Fcukin cluess GOPig, you wonder why you’re hated? REALLY?
YOUR PRACTICALLY RETARDED AND YOU THINK BEING STUPID IS PATRIOTIC.
YOU SUCK.
May 28th, 2009 at 6:49 pmHave you ever seen any President bow to a dictator like king of Saudi Arabic. Ok- I just remembered, Obama did not GW or Regan
Bush held his hand and whispered in his ear…
Reagan transferred weapons to terrorists. So a traitor is your hero?
Figures.
May 28th, 2009 at 6:50 pmMerdad Says:
DNFP- you are a true libs- hateful. This nation is powerful just because of someone like GW- Have you ever seen any President bow to a dictator like king of Saudi Arabic. Ok- I just remembered, Obama did not GW or Regan
Boy you guys just keep getting dumber.
May 28th, 2009 at 6:50 pmNo, G.W didn’t bow down to the king of Saudi Arabia, he just held the hand of and just about French kissed the Prince.
bush nuthuggers were thought to be extinct until field researchers discovered Merdad in a thicket in West Texas last week.
May 28th, 2009 at 6:50 pmMerdad Says:
I suggest you come back when your “kind” develops opposable thumbs.
The “dumb-as-hell” is strong within you.
Please, don’t stop…
May 28th, 2009 at 6:51 pmEfforts to capture were unsuccessful…
May 28th, 2009 at 6:51 pmWhat does that make olbermanns audience?
Smarter than you loonys…
May 28th, 2009 at 6:51 pmoilforillegals Says:
flavorino Says
Bean brain, demo is 25-45.
Just curious, is English your second language?
May 28th, 2009 at 6:52 pmDon’t tell me their out-sourcing the troll work too!
While you were hidden away in that thicket, Merdad, you might have missed it; that’s what Detroit DID, and that’s why they’re facing bankruptcy today.
But you have proven your credentials as a conservative beyond a doubt.
May 28th, 2009 at 6:53 pm“Nuthuggers” ay?
:|
Makes me sort of proud to be called a treehugger.
May 28th, 2009 at 6:53 pmKoo-koo. koo-koo
May 28th, 2009 at 6:53 pmMerdad Says:
lets build much bigger cars. why should the obama designs the cars?
May 28th, 2009 at 6:49 pm
____________
Yes, it’s such a good idea to use MORE oil and create MORE carbon emissions and design bigger cars for when gas goes back up to $4/gallon.
If all Republicans are as good at math as you, it’s no wonder they lost their Chrysler dealerships.
May 28th, 2009 at 6:54 pmBush held his hand and whispered in his ear…
Actually, I think Shrub tried to slip him the tongue.
Actually, Dumbya was saying “thank you” for the 9/11 hijackers.
TRAITOR PIG.
May 28th, 2009 at 6:54 pmChi-coms are no longer buy Obama’s junk bonds……
Speak English, deliverance dude.
May 28th, 2009 at 6:54 pmDoesn’t “merdad” translate into “sh*tty” in English?
May 28th, 2009 at 6:54 pmThank (R) Nixon for the EPA
May 28th, 2009 at 6:55 pmCan someone turn the gibberish translator up to eleven?
or should we just save the energy and ignore this sad case?
May 28th, 2009 at 6:55 pmMerdad Says:
Chi-coms are no longer buy Obama’s junk bonds……
May 28th, 2009 at 6:51 pm
_____________
Chi-coms?
Are you implying that there are still communists in China?
Wow. You’re even dumber than I thought.
May 28th, 2009 at 6:55 pmflavorino Says:
oilforillegals Says:
flavorino Says
Bean brain, demo is 25-45.
Just curious, is English your second language?
Don’t tell me their out-sourcing the troll work too!
No, it’s just oilforillegals being obamawipe$, and vice versa. Same person. Cloning the troll doesn’t double the IQ.
(And for the record, no offense, but you need to fix your own English…)
May 28th, 2009 at 6:55 pmoilforillegals Says:
Just curious, is English your second language?
Don’t tell me their out-sourcing the troll work too!
When you get debunked and you can’t find any typos, make a personal attack…olbyloon rule no. 2.
Not a personal attack, just a question, but I think you answered it for me.
Thanks.
May 28th, 2009 at 6:56 pmMerdad Says:
“Pal you need reeducation.”
who the hell are you, chairman mao?
“We are broke.”
however did that happen? 43 was left a surplus
“Why do you think Obama sends his friends to China once a week.”
i am sure you’ll provide a link right, clown?
“Chi-coms are no longer buy Obama’s junk bonds……”
May 28th, 2009 at 6:56 pmguess that comes from funding the iraq war off the books through china for six years
How many don’t watch olbermann? LOL!
Check the scoreboard:
DEMOCRATIC PRESIDENT, DEMOCRATIC CONGRESS, DEMOCRATIC SHIFT NATIONWIDE.
In other words, you are a loser, but America wins.
PERIOD.
May 28th, 2009 at 6:56 pmOf course, they don’t like to hear how FAUX does against network news. And they get really grumpy when one reminds them that effing “Wrestling” has around 4 times as many viewers. Heck! American Idol gets 10 times the viewers!
For the life of me, I can’t figure out why they like to brag about ratings when, at any given time, only a few percent of the nation’s TVs are actually tuned to FAUX.
May 28th, 2009 at 6:56 pmNixon did it!
May 28th, 2009 at 6:56 pmIn fact, I think it may cut it in half.
Of course, at these low levels, it’s tough to tell.
May 28th, 2009 at 6:57 pmChi-coms are no longer buy Obama’s junk bonds……
The bizarro world of the Bushies, spawns another laureate.
May 28th, 2009 at 6:58 pmActually, this is only a distraction from the REAL issue: The President’s complete disregard for the rule of law regarding Chrysler’s (and next GM’s) bondholders!
Our President isn’t for the “little guy” at all. There are literally tens of thousands of ordinary people who invested in bonds with the assurance that their debt would be “first in line” should the entity issuing the bonds ever go bankrupt. Now, thanks to our new power-hungry President, these folks are just screwed.
Folks, this is going to have MAJOR repurcussions in the bond market. The early effect are already evident. Perfectly sound companies are being punished by the market due to the fecklessness of a President who has NO REGARD for the law!
May 28th, 2009 at 6:58 pmLimbaugh is not for democracy, he is for Limbaugh.
We have been broke since 2006
Paulson made trips to China before Obama took office. They are treasury bonds.
May 28th, 2009 at 6:59 pmTim Vaculik Says:
Try getting your “news” from any source other than Fox.
Then come back…
May 28th, 2009 at 6:59 pmtimmeh,
May 28th, 2009 at 6:59 pmwhere to begin.
nowhere, you’re a waste of time.
Merdad is a fake. Can’t even answer the simple why does W support the judge question…
May 28th, 2009 at 7:00 pmI see the nutbag trolls have been busy as usual – busy just like dah devil that wingnut conservatives worship! LOL
oilforillegals and a$$wiper for Osama refuse to face reality. It’s not up to President Obama to decide which dealerships get closed. Obama doesn’t want to run the auto industry. Clean the wax out of your ears and listen.
May 28th, 2009 at 7:00 pmuhh, I think the point of his comment was that there WERE typos. So many of them that your comment appears to be translated from another language, something I was thinking as well when I read it. It’s structurally incoherent. Like Farsi run through Babelfish or something.
Of course what can you expect from a “Nuthugger” (my new word for you guys, courtesy of the Llama)?
May 28th, 2009 at 7:00 pmTim Vaculik Says:
Actually, this is only a distraction from the REAL issue: The President’s complete disregard for the rule of law regarding Chrysler’s (and next GM’s) bondholders!
Our President isn’t for the “little guy” at all. There are literally tens of thousands of ordinary people who invested in bonds with the assurance that their debt would be “first in line” should the entity issuing the bonds ever go bankrupt. Now, thanks to our new power-hungry President, these folks are just screwed.
Folks, this is going to have MAJOR repurcussions in the bond market. The early effect are already evident. Perfectly sound companies are being punished by the market due to the fecklessness of a President who has NO REGARD for the law!
***
that’s an impeachable offense.
how are you coming with that?
:)
May 28th, 2009 at 7:01 pmAh, excellent. Tim Vacuous arrives just in time to assure us that corporate bondholders are the “little guys”.
That Berlitz class in Orwellian is really starting to pay dividends, Timmeh.
May 28th, 2009 at 7:01 pmhormiga brava chavez,
May 28th, 2009 at 7:02 pmthe fixed news viewers seem to forget. it was sen. shelby(r) alambama and sen. mcconnell (r) kentucky who were screaming the loudest to let detroit fail. then again, it’s not wonder with the kickback from mercedes benz shelby is getting and the kickback from toyota mc connell is getting.
GM was going bankrupt before the bailouts. And the bondholders are not the little guys. Do a little research and you will see that Chrysler and GM, just like AIG, went off into the derivatives gambles.
May 28th, 2009 at 7:02 pmflavorino Says:
They are closing the least successful dealerships.
They’re not closing the successful dealerships.
.
Any proof to this claim. The problem is many dealerships were closed that are successful.
http://directorblue.blogspot.com/2009/05/red-alert-did-campaign-contributions.html
My dealership is in the top 125 out of the 3500 plus dealerships nationwide…yet we are on the list. We are not small nor are we rural. We are in a large major metropolitan area. Our new vehicle inventory alone is well over $4.0 million. Is that small?
a dealership in Alvin, Texas, had increased its new car sales by 50% in the first four months of 2009, while other MOPAR dealers’ sales were in the tank.
May 28th, 2009 at 7:02 pmHere’s all you need to know about the automaker bankruptcies:
1. The President is paying back the unions for their support in the last election.
2. The President is engaged in nationalizing U.S. industry.
3. The President and his cadre of socialists have an agenda and it isn’t friendly to free enterprise.
May 28th, 2009 at 7:02 pmBTW, did the trolls give up on the Obama birth cert controversy?
Now we get this.
Weird, delusional conspiracy theories from a panicked political party without any friends.
May 28th, 2009 at 7:03 pmXisithrus ,
You are clueless. Nice try, but you are not entitled to your own set of facts.
May 28th, 2009 at 7:03 pm***
oh tim vacasukadic?
the market is up +103.
don’t kill yourself just yet.
:)
May 28th, 2009 at 7:03 pmmy god it’s a dooshbag trifecta in here with timmeh, johhny and the rest of the short yellow bus takers
May 28th, 2009 at 7:03 pmTim Vaculik:
How is the borsht, comrade? Too thick? Cry your loser tears into the bowl, and the salt will season it, as it thins the mixture.
May 28th, 2009 at 7:04 pmwow,
May 28th, 2009 at 7:04 pmtimmeh lasted three whole seconds before he blamed the workers and unions. good job.
“Believe me Steve, over the last several years, we’ve all documented the Obama-Chicago-gangland tactics that certainly make this a possibility,” Malkin said.
Malkin is an ill-informed, dishonest, lying, partisan, bigoted, hate-monger. She’s truly pathetic. Linking Obama to Chicago gangs? She is a desperate, ridiculous goofball, with no facts, no research, just her own hateful, lying comments. Just watch– she never has proof for anything she says. “People say” is not proof. “I’ve heard…” is not proof.
May 28th, 2009 at 7:05 pmdasm,
May 28th, 2009 at 7:06 pmyou mean anchor baby michelle malkin?
Folks, what is it about senior secured debt in the form of bonds that some of you seem unable to grasp?
May 28th, 2009 at 7:06 pmBozo The Neoclown Says:
——————————————————————————–
hormiga brava chavez,
the fixed news viewers seem to forget. it was sen. shelby(r) alambama and sen. mcconnell (r) kentucky who were screaming the loudest to let detroit fail. then again, it’s not wonder with the kickback from mercedes benz shelby is getting
Yes, I do recall their ranting! Now their prayers have been answered. Timmy and his/her fellow trolls have short term memory loss! Your party leaders wished for this to happen Timmy.
May 28th, 2009 at 7:06 pmThe problem is many dealerships were closed that are successful.
Tell it to Chrysler, the one who’s pulling the plug.
Tim Vacuous, fear and ignorance will be your eventual downfall, if it hasn’t happened already…
May 28th, 2009 at 7:07 pmtimmeh lasted three whole seconds before he blamed the workers and unions.
Premature propaganda ejaculation is a growing problem with middle-aged momma’s boys…
May 28th, 2009 at 7:07 pmTim Vaculik Says: Xisithrus , Nice try, but you are not entitled to your own set of facts.
GM, or its financing arm GMAC, is present in around 65 percent of synthetic collateralised debt obligations (CDOs), according to Standard & Poor’s, and underlies an estimated $1 trillion of default swaps.
For bond investors, a GM bankruptcy would be hard, but a GMAC bankruptcy would be disastrous. GMAC is home to three quarters of the group’s bonds, and is found in a large proportion of outstanding synthetic CDOs.
Standard & Poor’s analyst Andrew South. “A rating action on GM could have a widespread effect on many CDOs.”
May 28th, 2009 at 7:08 pmBozo,
At least quote me accurately, clown. The unions are simply the BENEFICIARIES of our President’s action. They had no power to do it.
May 28th, 2009 at 7:08 pmTimmeh,
May 28th, 2009 at 7:08 pmwhat is it about “no one is buying the sheeyat you’re peddling” do you fail to grasp?
LOL@Vaculik
May 28th, 2009 at 7:09 pmTim Vaculik Says:
Folks, what is it about senior secured debt in the form of bonds that some of you seem unable to grasp?
Held by hedge funds…
May 28th, 2009 at 7:09 pmXisithrus,
Are you trying to sound important? You are not making any sense.
Try quoting facts that are germaine to the argument.
May 28th, 2009 at 7:10 pmgee timmeh at 140,
May 28th, 2009 at 7:10 pmall of a sudden you’re changing your tune midstride? it was a big vote/payoff conspiracy theory with you five minutes ago. now the unions had no power over it? pick a lane nitwit. either the nasty union are all powerful and calling the shots or they’re not.
No, they arent. GM cars will be made in Canada or China, jobs will be offshored
May 28th, 2009 at 7:12 pm“Believe me Steve, over the last several years, we’ve all documented the Obama-Chicago-style pizza that certainly make this a possibility,” Malkin said.
Makes about as much sense as the original.
May 28th, 2009 at 7:12 pmrepublicans hate facts,
May 28th, 2009 at 7:12 pmbut it is funny to watch timmeh do his spastic little jig.
…
tim vacasukacok,
you need someone to cheer you up.
and glenn beck is just the man to do it.
tim, i don’t want you to just see “unelectable”
i want you to worship it. and most of all be happy.
:)
will you do that for me?
:\
May 28th, 2009 at 7:13 pmwhat is it about senior secured debt in the form of bonds that some of you seem unable to grasp?
Mirror boy, grab a mirror:
The agreement, revealed in a Securities and Exchange Commission filing by GM (GM, Fortune 500) early Thursday, would essentially give the bondholders 10% of the company but also give them the rights to buy an additional 15% of the company’s stock at a low price.
The deal is unlikely to allow GM to avoid bankruptcy, however. If anything, it might clear potential obstacles to the government’s plans to use bankruptcy as a way to turn around the nation’s largest automaker. That’s because bondholders accepting the new offer agreed not to fight the government’s plans for a quick bankruptcy at GM.
You’re belly-aching over vapor, nada, vacuity.
May 28th, 2009 at 7:13 pmWhats wrong Tim, blew out your union argument? Its about bailing out the financial market.
May 28th, 2009 at 7:13 pmHere’s some facts that actually MAKE SENSE:
The Wall Street Journal
May 4, 2009
May 28th, 2009 at 7:13 pm
Bozo The Neoclown Says:
but it is funny to watch timmeh do his spastic little jig.
If he starts that creepy Dance of the Seven Teabags, I’m flagging him.
May 28th, 2009 at 7:14 pmI’m just wondering how in the hell Gibbs manages to keep from
May 28th, 2009 at 7:14 pmbursting out laughing at these idiotic questions. When he reports back to Obama, the prez must just look at him dumbfounded.
sorry, here linky:
http://money.cnn.com/2009/05/28/news/companies/gm_bondholders/index.htm?cnn=yes
May 28th, 2009 at 7:14 pmXisithrus,
I tried. You obviously atr uneducated. See ya.
May 28th, 2009 at 7:14 pmCDOs CDS…its what I said. Derivatives gambles.
May 28th, 2009 at 7:15 pmyeah timmeh@156
May 28th, 2009 at 7:15 pmi shed a tear for hedge fund managers who aren’t getting their bonuses this year because of what’s going on in detroit. i see how that’s on par with mr and mrs america getting kick out of their foreslosed home.
Read a more recent article Timwad (see my link from an article posted TODAY moron…)
May 28th, 2009 at 7:15 pmYou wish. Obama isnt bailing out the unions, the union jobs are going to be offshored. They dont own the public debt, the bondholder do. They got caught up in these ‘risk free’ quant BS.
May 28th, 2009 at 7:16 pmDNFP,
You are playing fast and loose with the facts as well. The bondholders were EXCLUDED from the governments deal-making with respect to Chrysler. They were simply FORCED to accept what was happening. They will undoubtedly fight this in the courts. I would.
May 28th, 2009 at 7:17 pmDid you know that Obama is making Republicans die from heart attacks? He also makes it rain on them more than on Democrats. Evidence is mounting…
May 28th, 2009 at 7:17 pmTim Vaculik Says:
Xisithrus,
Are you trying to sound important? You are not making any sense.
Try quoting facts that are germaine to the argument.
***
s/b “germane“.
***
i added the link in case you don’t know what it means
as well as not knowing how it is spelled.
***
unless, of course,
you referring to germaine greer.
**
if you are then please carry on.
:)
May 28th, 2009 at 7:18 pmThese are owned by mutual funds, pension funds, hedge funds and retail investors who bought them directly through their brokers.
Yes, the gamblers must be rewarded, even when they lose.
May 28th, 2009 at 7:18 pmI see Tim Vacusck has returned to nauseate us with his foul stench ……..
May 28th, 2009 at 7:18 pmI dont care about the bondholders, they invested in something, its a risk they take. They arent out of a job.
May 28th, 2009 at 7:18 pmThe name of this blog should henceforth be “Emotional Regression.”
May 28th, 2009 at 7:19 pm…
or you could have been
“trying to sound important.”
***
yeah, that’s the ticket!
:)
May 28th, 2009 at 7:20 pmWhat part of “unsecured bonds” don’t you get, Timmeh. Also, the bondholders rejected the offer you posted. The GM bond story is developing daily so, you really need to avoid dated reports.
May 28th, 2009 at 7:20 pmTim Vaculik Says:
“The name of this blog should henceforth be “Emotional Regression.”
timmeh,
May 28th, 2009 at 7:21 pmain’t no one gonna miss you if you leave. jus’ sayin’ if you’re so unhappy…
Tim Vaculik Says:
The name of this blog should henceforth be “Emotional Regression.”
***
with you here,
is is!
:)
May 28th, 2009 at 7:21 pmJohnM Says:
My dealership is in the top 125 out of the 3500 plus dealerships nationwide…yet we are on the list.
1) One dealership is not a statistic.
2) The closure list seems to favor company-owned dealerships over privately owned ones.
3) Chrysler is making the selections, not Obama.
Also while we’re at it, you keep making it sound like Obama somehow chose to have Chrysler be bankrupt. How did he do that? And, weren’t you the ones opposing an auto bailout last month?
May 28th, 2009 at 7:21 pmTim Vaculik Says:
You should change your name to “I shill for the upper class, even though I’m an hourly-waged loser”.
May 28th, 2009 at 7:21 pmTim Vaculik, send in the next clown. You’re done.
May 28th, 2009 at 7:21 pmDoes ANYONE here understand what a bond IS? I have never seen a more uneducated bunch!
No arguments based on fact and sound reasoning can persuade the uneducated and dis-engaged.
May 28th, 2009 at 7:22 pmten bucks says timmeh drives a honda while worrying about the chrysler investors.
May 28th, 2009 at 7:22 pmMCMetal Says:
I see Tim Vacusck has returned to nauseate us with his foul stench ……..
***
he just doesn’t understand the incredible
power of “the force”.
:0
May 28th, 2009 at 7:22 pmTim Vaculik Says:
——————————————————————————–
The name of this blog should henceforth be “Emotional Regression.”
May 28th, 2009 at 7:19 pm
So claims a vacuum-skulled GOP backing tool …..Boy , that’s real credible….
Still bitter over the ‘08 election results , aren’t you , twerp ?
May 28th, 2009 at 7:23 pmooooooooo,
May 28th, 2009 at 7:23 pmsaint timmeh is here to edumacate us! that’s a relief
Tim Vaculik Says:
Does ANYONE here understand what a bond IS? I have never seen a more uneducated bunch!
No arguments based on fact and sound reasoning can persuade the uneducated and dis-engaged.
***
tim,
are you being germaine
or germane?
:)
May 28th, 2009 at 7:23 pmTim Vaculik Says:
——————————————————————————–
Does ANYONE here understand what a bond IS? I have never seen a more uneducated bunch!
No arguments based on fact and sound reasoning can persuade the uneducated and dis-engaged.
May 28th, 2009 at 7:22 pm
James Bond is a British secret agent …….
May 28th, 2009 at 7:23 pmNo arguments based on fact and sound reasoning can persuade the uneducated and dis-engaged.
So far, all you’ve put forth is “poor bondholders.”
Where’s the argument?
May 28th, 2009 at 7:24 pm****
take your time before
you answer.
do some research.
;\
May 28th, 2009 at 7:24 pmjoe cantwell Says:
——————————————————————————–
MCMetal Says:
I see Tim Vacusck has returned to nauseate us with his foul stench ……..
***
he just doesn’t understand the incredible
power of “the force”.
:0
May 28th, 2009 at 7:22 pm
He needs to start with “osmosis” ………
May 28th, 2009 at 7:25 pmpete,
Of course the details in the article have been superceded, but the principle is the same.
It is true that bonds aren’t “secured” by collateral in the strictest sense, but the law is clear. In bankruptcy, courts pay off bondholders FIRST.
What is happening now is a travesty of justice and the law.
May 28th, 2009 at 7:25 pmTimmeh, take it up with your broker, idiot.
If he weighted your portfolio on bonds, like most investment managers did during the economic turmoil of 2008, go kick his a$$ after we kick yours some more.
ROCK ON, LOSER…
May 28th, 2009 at 7:25 pmTim Vaculik Says:
“Does ANYONE here understand what a bond IS? I have never seen a more uneducated bunch!”
yes, a bond is what they put on your teeth when you break one.
May 28th, 2009 at 7:25 pmTim Vaculik Says:
“What is happening now is a travesty of justice and the law.”
as opposed to illegally wiretapping american citizens and torture?
May 28th, 2009 at 7:26 pmTim Vaculik Says:
——————————————————————————–
What is happening now is a travesty of justice and the law.
May 28th, 2009 at 7:25 pm
Funny how we were (rightfully) pointing that out for 8 years , while you and your retarded GOP backing brethren were apologizing/excuse-making/covering for that pathetic type of behavior ………..
May 28th, 2009 at 7:27 pmWhat is happening now is a travesty of justice and the law.
Says the torture apologist.
Day late, dollar short.
May 28th, 2009 at 7:27 pmYes, I know what a bond is.
The treasury is buying their own
May 28th, 2009 at 7:27 pmTim Vaculik Says:
pete,
Of course the details in the article have been superceded, but the principle is the same.
It is true that bonds aren’t “secured” by collateral in the strictest sense, but the law is clear. In bankruptcy, courts pay off bondholders FIRST.
What is happening now is a travesty of justice and the law.
****
tim,
you could write an amicus brief.
*
nah, you don’t want to get involved.
and besides this is obviously way above
your head.
…
good luck.
:)
May 28th, 2009 at 7:28 pmIm sure the bondholder were equally upset when Bear Stearns went kaput.
May 28th, 2009 at 7:29 pmThe injustice! I gambled and lost!!
May 28th, 2009 at 7:30 pmIn bankruptcy, courts pay off bondholders FIRST.
What if the value of the bond is nil?
May 28th, 2009 at 7:30 pmTimmeh:
The best guess, as of Today, is that GM will file chapter 11 on the first of the month and, in that case, the “poor bondholders” will be protected. That’s why they rejected the buy-out. They’ll get a bit more but they were the final straw that forced the bankruptcy.
May 28th, 2009 at 7:31 pmI hope all right wing car dealerships are closed. Why? Because they’re shiesters. The End.
May 28th, 2009 at 7:36 pmBTW. “Paying off bondholders first” is part of the problem. We’ve spent four decades rigging the system for siphoning cash off the top. Our largest industry is capital. And I guess I find it hard to sympathize with someone who has lived the high life by letting an effing car company play with their legacy. Especially when those car companies have been dying through mismanagement for three decades.
May 28th, 2009 at 7:37 pmHow do you say Faux Noose…..
I cannot believe anyone is silly enough to pay any attention to these propagandists.
May 28th, 2009 at 7:38 pmThe stock market slide hit everyone invested there. Idiotic money managers where thrilled at all the new investment vehicles (mostly securities) which rolled real estate, insurance, mortgages, etc. into “funds” which could be invested in.
They sold the concept of “get in on it” to anybody foolish enough to throw their money away. And they got rich, while the average Joe (or Timmeh) got screwed.
The rich can right their ships cause they have deep reserves of cash (usually, or friends willing to lend).
The rest of us can b*tch and moan all we want, but if you lost money in the market, IT’S YOUR FAULT.
May 28th, 2009 at 7:39 pmAlmost 90% of dealerships are owned by Pukes…
It wouldn’t do any good to shut down just the few that were owned by Dims…
May 28th, 2009 at 7:40 pm“Evidence appear to be mounting…”
Are people ever going to learn that a bunch of empty heads mouthing the same thing over and over does not constitute evidence?!?
A word or phrase mindlessly, endlessly, repeated will never morph into the truth – but the Republicans sure try to make it so.
liberal media
May 28th, 2009 at 7:43 pmweapons of mass destruction
GOP-owned Chrysler dealerships forced to close
Republicans/Used Car Salesmen: Good Synonym
Just sayin’…..Both bottom feeding sheisters?
May 28th, 2009 at 7:43 pmElBruce Says:
——————————————————————————–
JohnM Says:
My dealership is in the top 125 out of the 3500 plus dealerships nationwide…yet we are on the list.
1) One dealership is not a statistic.
Also while we’re at it, you keep making it sound like Obama somehow chose to have Chrysler be bankrupt. How did he do that? And, weren’t you the ones opposing an auto bailout last month?
Why was that one dealer closed if his dealership was in the top 125?
May 28th, 2009 at 7:44 pmWhy was that one dealer closed if his dealership was in the top 125?
You want a piece of candy for being rated 123rd?
Back of the line moron…
May 28th, 2009 at 7:46 pmJohnM Says:
ElBruce Says:
——————————————————————————–
JohnM Says:
My dealership is in the top 125 out of the 3500 plus dealerships nationwide…yet we are on the list.
1) One dealership is not a statistic.
Also while we’re at it, you keep making it sound like Obama somehow chose to have Chrysler be bankrupt. How did he do that? And, weren’t you the ones opposing an auto bailout last month?
Why was that one dealer closed if his dealership was in the top 125?
***
ask him.
:)
May 28th, 2009 at 7:47 pm…
and prepare to laugh!
;0
May 28th, 2009 at 7:49 pmI wish someone would “ninja kick” and “ho slap” Michelle’s Malkin’s arse.
Before you know it these right-wing psychos will be saying, “Obama is trying to move the whole earth to Pluto by himself.”
May 28th, 2009 at 7:49 pmTim Vaculik Says:
3. The President and his cadre of socialists have an agenda and it isn’t friendly to free enterprise.
May 28th, 2009 at 7:02 pm
______________
Have you looked at the state of the economy lately? Free enterprise ain’t doing so hot.
Maybe it’s time to let the cadre of socialists try running things for a change.
May 28th, 2009 at 7:50 pmGee. How could anyone question the corporate decision makers in charge of a company that, despite inventing the minivan, managed to go broke twice in twenty years? If you want to know why they closed a particular dealership? Send them an email. But if you want a coherent or honest answer from an auto exec? Don’t hold your breath.
May 28th, 2009 at 7:56 pm——————————————————————————–
republicans hate facts Says:
——————————————————————————–
JohnM Says:
Why was that one dealer closed if his dealership was in the top 125?
Because THE CAR COMPANY DIDN’T *OWN* it MAYBE? Ask THE CAR COMPANY. They’re the one DECIDING who gets closed.
You are right it makes perfect sense for a company to get rid of dealerships that make them money when they are having financial problems. There couldn’t have been any other reason or motive to have them closed. As we all know this administration has no control over what the car companies do right? Except perhaps forcing CEOs to retire.
May 28th, 2009 at 7:57 pmJohnM Says:
——————————————————————————–
——————————————————————————–
republicans hate facts Says:
——————————————————————————–
JohnM Says:
Why was that one dealer closed if his dealership was in the top 125?
Because THE CAR COMPANY DIDN’T *OWN* it MAYBE? Ask THE CAR COMPANY. They’re the one DECIDING who gets closed.
You are right it makes perfect sense for a company to get rid of dealerships that make them money when they are having financial problems. There couldn’t have been any other reason or motive to have them closed. As we all know this administration has no control over what the car companies do right? Except perhaps forcing CEOs to retire.
May 28th, 2009 at 7:57 pm
What is your basis for claiming to be in the “top 125″ ?
Simply bringing in money , or actual PROFIT MARGIN ?
May 28th, 2009 at 8:00 pmTim Vaculik Says:
Here’s all you need to know about the automaker bankruptcies:
1. The President is paying back the unions for their support in the last election.
2. The President is engaged in nationalizing U.S. industry.
3. The President and his cadre of socialists have an agenda and it isn’t friendly to free enterprise.
This should come as no surprise, but I disagree with you completely, Tim. But I can have fun taking us back eight years to May 2001. Now we can say (of GW Bush):
1. The President is paying back the corporations for their support in the last election.
2. The President is engaged in privatizing U.S. government.
3. The President and his cadre of capitalists have an agenda and it isn’t friendly to the average worker.
No one could prove either of us right, but I think fewer people would agree with your observations over mine.
May 28th, 2009 at 8:01 pm——————————————————————————–
DNFP Says:
——————————————————————————–
Why was that one dealer closed if his dealership was in the top 125?
You want a piece of candy for being rated 123rd?
Back of the line moron…
If dealerships ranked after 1000 were kept, then yes he should have kept his dealership that was making the company money.
May 28th, 2009 at 8:01 pmask CHRYSLER, you ignorant rube. THEY are the ones making the decisions, no matter how much FOX lies to you
May 28th, 2009 at 8:02 pmTim Vaculik Says:
It is true that bonds aren’t “secured” by collateral in the strictest sense, but the law is clear. In bankruptcy, courts pay off bondholders FIRST.
You mean these poor Chrysler bondholders? Them the ones?
May 28th, 2009 at 8:03 pmMCMetal Says:
——————————————————————————–
JohnM Says:
——————————————————————————–
——————————————————————————–
republicans hate facts Says:
——————————————————————————–
JohnM Says:
Why was that one dealer closed if his dealership was in the top 125?
Because THE CAR COMPANY DIDN’T *OWN* it MAYBE? Ask THE CAR COMPANY. They’re the one DECIDING who gets closed.
You are right it makes perfect sense for a company to get rid of dealerships that make them money when they are having financial problems. There couldn’t have been any other reason or motive to have them closed. As we all know this administration has no control over what the car companies do right? Except perhaps forcing CEOs to retire.
May 28th, 2009 at 7:57 pm
What is your basis for claiming to be in the “top 125″ ?
Simply bringing in money , or actual PROFIT MARGIN ?
Dealerships don’t cost the company any money. They purchase the cars ahead of time and purchase more as they need them. If a dealership sells more cars then they make more money for the company, their costs do not matter.
May 28th, 2009 at 8:04 pmRantingTommy Says:
——————————————————————————–
JohnM Says:
Why was that one dealer closed if his dealership was in the top 125?
ask CHRYSLER, you ignorant rube. THEY are the ones making the decisions, no matter how much FOX lies to you
You are right, President Obama has not pressed any decisions on the auto companies they have bailed out. You really are blindly following here.
May 28th, 2009 at 8:04 pmJohnM Says:
If dealerships ranked after 1000 were kept, then yes he should have kept his dealership that was making the company money.
I don’t necessarily disagree. Go whine to Chrysler about it. It’s their decision. Are you saying that it should be a matter decided by public opinion? That it should be a matter of politics? That how Chrysler manages its shrinkage should be decided perhaps by some government agency? Or would you rather just leave it to the company to decide?
May 28th, 2009 at 8:06 pmSo, JohnM is asserting that Chrysler is closing certain dealerships because the company loves Democrats, despite the fact that 88% of them were Republican donors.
Wow, you really are one gullible little right wing coward
May 28th, 2009 at 8:06 pmYou really are one ignorant rube. You blindly accept right wing bogus talking points but ignore the FACT that CHRYSLER is the one making these decisions, not the Obama Admin.
May 28th, 2009 at 8:07 pmJohnM Says:
——————————————————————————–
republicans hate facts Says:
——————————————————————————–
JohnM Says:
Why was that one dealer closed if his dealership was in the top 125?
Because THE CAR COMPANY DIDN’T *OWN* it MAYBE? Ask THE CAR COMPANY. They’re the one DECIDING who gets closed.
You are right it makes perfect sense for a company to get rid of dealerships that make them money when they are having financial problems. There couldn’t have been any other reason or motive to have them closed. As we all know this administration has no control over what the car companies do right? Except perhaps forcing CEOs to retire.
***
you could write an amicus brief.
i suggested this to tim vacasukadic
and he chickened out. but you could
do it. if you’re truly committed to do what
you believe in and would really like to
see something you firmly believe is an
injustice overturned. otherwise you’re just
dicking around and you don’t really care.
8
good luck!
:)
May 28th, 2009 at 8:07 pmJohnM Says:
——————————————————————————–
Dealerships don’t cost the company any money. They purchase the cars ahead of time and purchase more as they need them. If a dealership sells more cars then they make more money for the company, their costs do not matter.
May 28th, 2009 at 8:04 pm
Warranties that are issued are covered , monetarily , by the company ; the individual dealers provide the actual work , but they are not the ones who are (eventually) responsible for paying out warranty work monetary compensation.
It’s obvious you don’t know shit about the auto industry , so pipe down ………..
May 28th, 2009 at 8:09 pmJohn, don’t let silly things like facts get in the way of a good partisan talking point.
Good boy.
May 28th, 2009 at 8:09 pmYou can’t be serious! You have no clue how a car dealership works, do you troll? Here’s the deal:
Unmoved inventory costs the dealership and the car company. Especially since most cars are now covered by company financing so the parent company takes a double hit when loans aren’t being written. And that doesn’t even start to cover the service end of the business.
May 28th, 2009 at 8:10 pmREMINDER: GM failed under George Bush. Georgie told us that he inherited a recession from Clinton and I’ve not heard one right winger in over 8 years tell me what steps George Bush took to get our nation out of that recession.
May 28th, 2009 at 8:12 pmpete Says:
——————————————————————————–
You can’t be serious! You have no clue how a car dealership works, do you troll? Here’s the deal:
Unmoved inventory costs the dealership and the car company. Especially since most cars are now covered by company financing so the parent company takes a double hit when loans aren’t being written. And that doesn’t even start to cover the service end of the business.
May 28th, 2009 at 8:10 pm
Exactly , pete
I covered the service end in post #239 ; I just didn’t feel it necessary to expound further , because it’s obvious this Tim Vacusuck is simply talking out his ass and knows absolutely nothing about the auto industry ……….
May 28th, 2009 at 8:14 pmUPDATE: all bailout money is ACTUALLY A LOAN that has to be paid back with interest.
May 28th, 2009 at 8:16 pmAbout those bond holders:
link
May 28th, 2009 at 8:18 pmI know what you mean, MCMetal. It’s not worth the effort to really try and educate our little pets.
May 28th, 2009 at 8:21 pmpete , I simply cannot believe anyone would post such blatant lies ; but to do so about the auto industry , which I was personally a part of for 2 DECADES and believe you’re going to get away with writing fatuous twaddle , is truly amazing and sad………..
May 28th, 2009 at 8:27 pmTrolls, please know that I criticize this Auto Recovery task force, not because I believe the panel is some kind of lightning bolt on companies’ political freedoms, but because the board ITSELF is chock full of private wall-street interests.
We don’t have a new set of financial regulations governing the financial sector, but we DO have rapid deadlines pushed on the auto industries taking it hard. (Of course, I recognize that deadlines are better than being left to file bankruptcy raw months ago w/o government assistance and free PR that informed prospective buyers and warranty holders that these companies would not simply disappear in a bankruptcy filing.)
If GM and Chrysler had their cars manufactured by robots, I’d say let them fail, but we have WORKER’S pensions & health care at stake and they need a fair shake. Their welfare isn’t considered enough. They were handed down the crappy strategy from the top.
Chrysler made these decisions. I wish they had not, since a platform for the company’s recovery depends on these dealerships picking up, even if their sales figures are depressing right now. I feel especially bad for Ohio.
If bankruptcy was inevitable for Chrysler & GM, the government helped ease fears in the public about the bankruptcy process.
May 28th, 2009 at 8:47 pmKayInMaine Says:
REMINDER: GM failed under George Bush. Georgie told us that he inherited a recession from Clintonand I’ve not heard one right winger in over 8 years tell me what steps George Bush took to get our nation out of that recession.
I remember hearing them through most of those eight years talking about how great the economy was doing. Even though it never got much above sluggish growth out of the first of the two recessions that hit during the Bush years.
.
republicans hate facts Says:
You CONS really are the sh*tters when it comes to UNDERSTANDING *MONEY* and *PROFITABILITY*. No wonder you BANKRUPT *EVERYTHING* you seem to TOUCH!
Republicans are almost as good at business as they are at math, science, history, economics, or the law.
May 28th, 2009 at 8:53 pmKeith Olbermann just talked about the Rethuglican hypocrites who voted to let the auto industry fail!
May 28th, 2009 at 8:58 pmThanks for the link, but it is what I said at the beginning of this debate, CDOs CDS
May 28th, 2009 at 9:11 pmAs for Chrysler closing one ranked 125th.
Location Location Location [IE local competition from like dealers]
May 28th, 2009 at 9:16 pmHe never does.
May 28th, 2009 at 9:18 pmWingnuts, Hannity,Billdo,limpdick,beck the cry baby and all the rest of the nuts that dont give a rats ass about our country. Do you think we should stoop to their level, line the traitors up against a wall and use AK-47`s TO END THE LIES THAT THEY SPEW? No of course not libs dont believe in guns and violence. We can bury your asses with facts.
May 28th, 2009 at 9:55 pmRemember correlation does not equal causation. The descriptions I’ve read indicate that more rural dealers are being closed than city dealers. The Republicans tend to be more popular in rural areas.
Are they proposing affirmative action for Republican owned businesses now?
May 28th, 2009 at 10:06 pmIt’s interesting that 3 of the dealerships that are closing near our business in the Chicagoland area hire UNION LABOR, journeyman mechanics and semi-skilled helpers (oil changers), car hikers, parts counter workers, and body shop guys are all UNION LABOR. And there’s a lot more of them voting than there are owners.
They are closing dealerships that don’t have a high amount of NEW CAR SALES. If they sell used cars it doesn’t help the manufacturer.
May 28th, 2009 at 10:40 pmThis is Clinton’s bl#wjob all over. Because the Repubs can’t make government work they’re going to make sure the create as many distractions as possible for the Democrats. And what happens when this doesn’t work. I’m afraid they’ll try to get rid of him like they did JFK and Bobby Kennedy. They need to be stopped.
May 28th, 2009 at 10:49 pmShayne,
Republicans liked it when the government they ran did not enforce laws against corporations. In their warped view, fines and judgments are a drain on corporate profits, and anything that hurts profits is bad (to them). They talk about being “law and order” candidates, but that only applies to social laws against regular people, not laws that corporations must obey. I deny anyone to name a recent Republican president (i.e. after Eisenhower) who didn’t do what he could to tear down corporate regulations (sometimes through inept enforcement, such as with Bernie Madoff.)
May 28th, 2009 at 10:58 pmWayne, I think they’ve all lost their minds. They contradict themselves every five minutes.
May 28th, 2009 at 11:23 pmOMG!!! Obama is trying to move the whole planet Earth out to Pluto?”
Sounds like something Michelle Malkin would say and Fixed News would report and the (cons)ervatives would listen and believe. Just crazy I tell ya!!!
Why is that every time the Republicans get in office “lawlessness” prevails and things run amok and when they leave a pile of garbage and blame everybody else? These Republicans never have anyones interest at heart?
The Republicans are the “death” of America!!
May 28th, 2009 at 11:40 pmfletc3her Says:
Are they proposing affirmative action for Republican owned businesses now?
Yes. That’s exactly what they’re doing at this point.
May 29th, 2009 at 1:09 amThere has been a lot of responses to this story but the record needs to be set straight about this very personal topic. I grew up in the auto industry in the Midwest. This story was generated by Lars Larson a prominent conservative talk show in the Northwest. Lars is a close personal friend of Alex and Art Laws and has benefitted from insider deals on autos for he and his friends and associates from the Laws family. These owners are nothing less than wolves in sheeps’ clothing spreading an absurd spin on their paticular plight as they try to blame the Obama administration. This is pure hogwash or I’ll eat my hat!!! Art laws married into and destroyed a very good business. He convientally chose Lars and KEX and the conservative running lackey dogs in the Northwest to sell his individual customized brand of redneck in a very progressive town. It didn’t work and he’s now on the hook for millions of $$$$. Lars Larson has jumped on this storyline and took it nat’l to help generate sympathy for some of the biggest crooks in the Northwest. I know, I worked there and I got robbed by Art and Alex Laws just like a hundred other people who made the mistake of working for them. I could say a lot more but it is sufficient to say, as WS did over 500 yrs ago: Much Ado About Nothing!!! Screw these self- serving pricks and screw the Conservative movement in the U.S. for allowing this cheap and tawdry display of partisanship to become yet another urban legend fro white crooks.
May 29th, 2009 at 1:39 amThese dealerships should go and “whine” to the GOP they gave money too, who voted against the auto bailout. This recalled an article I had saved from Dec ‘08 below.
Conservatives Oppose Bush Plan to Help Auto Industry
A letter signed by 22 GOP members in the House objects to White House plan to transfer some of the $700b rescue money to the Big Three.
Roll Call Staff – Roll Call
December 16, 2008
House conservatives, in a letter to President George W. Bush, objected Wednesday to a White House plan to transfer a portion of the $700 billion financial rescue plan to save the Big Three U.S. automakers.
The letter, signed by 22 GOP Members including Republican Study Committee Chairman Jeb Hensarling (Texas) and incoming RSC Chairman Tom Price (Ga.), said using part of the bailout funds would violate Congressional intent.
The lawmakers warned of dire, long-term consequences for the economy if the bailout money is used to help the automakers. They suggested that the companies instead restabilize their assets through more traditional means, such as Chapter 11 bankruptcy.
“Congress never voted for a federal bailout of the automobile industry, and the only way for [Troubled Asset Relief Program] funds to be diverted to domestic automakers is with explicit congressional approval,” the Members wrote. “Tempting as it is to step in with a federal bailout, American taxpayers cannot afford to save every company facing financial peril. Last year’s federal deficit was the highest nominal deficit in U.S. history, and many economists believe this year’s deficit will exceed $1 trillion.”
The letter is the latest in a series of efforts by House Republicans to stop the government from bailing out the American auto industry. Only 32 House Republicans voted with Democrats to pass a $14 billion bailout bill on Wednesday.
The measure later died in the Senate.
May 29th, 2009 at 3:30 amhttp://www.cfo.com/article.cfm/12799193/c_12797084
Again the Republican’s are the death of America!!
May 29th, 2009 at 3:32 amSilver found that “88 percent of the contributions from car dealers went to Republican candidates
No wonder why people hate and mistrust car dealers so much. 88% of them are Republicans.
May 29th, 2009 at 4:32 amI’ve had enough time to cool my jets, so to speak, on this non-story story. My axe to grind on this deal is that we attention-payers saw this coming 10 days ago. It is an absurd stretch of the imagination even for the most right wing elements of this country to think that Chrysler didthis based on anything other than sales and service. The Laws and Larson show should not guide public debate any more than the soap opera Days Of Our Lives. This family has “disengenuous” written all over it just as Lars Larson does. This is a business scam pure and simple, engineered by right wing wackos, pure and simple: nothing more and nothing less.
May 29th, 2009 at 4:34 amIt would be fair and balanced if the government required all the dealers who contributed to democrats to close first, since they are in the minority. Being as they are democratic supporters, they must hate the free market and love socialist spread the wealth approaches, and so they are the most deserving to be closed.
No… really…. if the democratic supporting dealers were the majority of closures, would the conservatives still be angry? And, in fact, what are the percentage breakdowns? That is: @88% of dealers supported conservatives, and @12% supported democrats. What percent of each respective percentages are being closed? That would be a more accurate number to work with in this partisan and pointless meme.
The conservatives are trying desperately to find some niche, somewhere, somehow where they can play out their martyrdom fantasies (while not actually being victimized, of course).
And those who make money by manipulating money ADD NOTHING to the market or society — they are parasites on the system that artificially drive up prices, so that the investors can make more money for doing nothing of measurable value.
F#CK the bond holders and investors — every investment involves risk: every investment is a gamble.
Sometimes, when you gamble, you lose.
Tough s#it, you big pansy crybabies.
May 29th, 2009 at 7:57 amI will put this out there for the bloggers to think about.
I think that GOP run companies are laying off people to undermine America and OUR President.
May 29th, 2009 at 10:51 amAs Press Secretary Robert Gibbs explained to Garrett, it is Chrysler — not the federal government — that is in charge of selecting which dealerships will be closed.
Who now owns Chrysler?
May 29th, 2009 at 3:33 pmFirmMarci Says:
As Press Secretary Robert Gibbs explained to Garrett, it is Chrysler — not the federal government — that is in charge of selecting which dealerships will be closed.
Who now owns Chrysler?
Shareholders do not make operational decisions for corporations. You should probably go take a business class or something. Any class, actually.
May 29th, 2009 at 10:19 pmfox tv is very bad channel…
klip izle
June 1st, 2009 at 2:05 pm