Rush Limbaugh monologue 6-8-09 -- "Obama is destroying The economy"

Winky said:
You are quite confused by the world around you, are you not?
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They were going to go into Bankruptcy protection before the Bailout money came in..bleeding Billions/quarter. They would've faced the same decisions...who to lay off, which plants to close, which bits to sell off in order to avoid a full bankruptcy.

So, the people who brought the company down with faulty decision-making would've been deciding how to save the company. That would've been quite a show. :lurk:
 
Golly gee Minky, how long did the stagflation of the 70's last?

I've already long since gotten weary of these folks sayin'
"this will be over real soon"

yeah yer gonna be the better part of a decade older by then Son.
 
yeah okay winky.

and now... i'll just wait around for someone to comment substantively on what roubini had to say. or maybe not. not really bumper sticker material.
 
MrBishop said:
You're right, of course. Much better to have let GM close it's doors permanently, or worst yet..have goneinto Bankruptcy and been bought up by China, the UAE or some unknown group of 'interested parties'.
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You're beginning to get the idea.

If it ain't broke, don't fix it.
If its broke fix it.
If it's insolvent, find a new buyer.
 
Yeah, those fuckers that know what they're talking about can go to hell. Rush knows economics better than anyone. :rofl3:
 
Winky said:
It's worked every other time and it would work this time as well but Noooooooo!
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banjo.jpg
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Hunhh? You don't mean cat juggling, do you??

180px-Catjuggling.JPG



Those damn cats just think they're soooooo special.
 
MrBishop said:
You're right, of course. Much better to have let GM close it's doors permanently, or worst yet..have goneinto Bankruptcy and been bought up by China, the UAE or some unknown group of 'interested parties'.
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They could have gone into a Chapter 11 bankruptcy, filed their new business plan, been protected from creditors, and restarted the business if the business plan was accepted by ythe courts. Conversely, the court or the shareholders could have forced them into a Chapter 7 bankruptcy and the assets been liquidated thus ending the corporation.

They would not have been bought by China.

The reason that none of the above happened was for the protection of the existing union contracts which would have been rendered null and void on restarting the business. Obama needed to protect his union cronies. It was the payback for the support and all of those votes.
 
jimpeel said:
They could have gone into a Chapter 11 bankruptcy, filed their new business plan, been protected from creditors, and restarted the business if the business plan was accepted by ythe courts. Conversely, the court or the shareholders could have forced them into a Chapter 7 bankruptcy and the assets been liquidated thus ending the corporation.

They would not have been bought by China.

The reason that none of the above happened was for the protection of the existing union contracts which would have been rendered null and void on restarting the business. Obama needed to protect his union cronies. It was the payback for the support and all of those votes.
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The assets being liquidated... that means sold, right? Who has the kind of money to buy that many assets, buildings, raw materials, a fleet of car that can go from the Earth to the Moon..hmmm. Someone who's already invested a huge chunk of it's finances in the American currency and needs to solidify it's holdings? Hmmm...

Could it be...Satan?!?! (Well..maybe not Satan, but you get the idea, right?)

Forget about the Unions for a second and think about how many people GM employs...and how many %points that would add to the unemployment rates if GM had been allowed to fold.
 
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Ahh, Rush Limbaugh. The once and future moronic twit. Glenn Beck is merely a pretender.
 
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