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De Facto GM Head Screwing Shareholders[Check out this definition-de facto: Exercising power or serving a function without being legally or officially established: a de facto government.
Fluffy obama, as the de facto head of Government Motors [recently renamed from the original General Motors] is applying the same fluffy math he used in forcing the Porkulus Package down the taxpayers' throats to screw GM investors. After you read the short article below, please come back up here and reconsider the examples I've developed using the same fluffy math.
The impending Government Motors proposal concerning valuations of stock; 50% of the company for a $10Bln investment. Private bondholders [commoners, like you and I] will have a 10% of the company for a $27Bln investment.
To equate this action to a real-life situation: You buy ground beef for $2.70/lb; your neighbor buys the same meat at the same place for $.20/lb. You buy an average house in an average neighborhood for $270,000; your neighbor buys an exact duplicate of the house in the same neighborhood for $20,000.
The actual Government Motors transaction involves the same percentage calculations as do my two examples!! ]
After a "Fluffy Briefing," General Motors CEO Fritz Henderson said Monday the company would offer the Treasury Department more than 50 percent of its stock to absolve GM of $10 billion in government loans. Combined, the union and government would own 89 percent of the century-old automaker, which has been bleeding red ink and is saddled with more than $62 billion in debt.
GM's plan depends on persuading unsecured bondholders who have loaned GM $27 billion to forgive that debt in exchange for a 10 percent stake in the company.
[Change-We-Can-Believe-In]
Fluffy: Droppin' Like A Brick!!
[Charlie Gibson, et al, ain't gonna tell ya 'bout these numbers!!]
Polling data show that Mr. obama's approval rating is dropping and is below where George W. Bush was in an analogous period in 2001. Rasmussen Reports data shows that Mr. obama's net presidential approval rating-which is calculated by subtracting the number who strongly disapprove from the number who strongly approve-is just six, his lowest rating to date.
Overall, Rasmussen Reports shows a 56%-43% approval, with a third strongly disapproving of the president's performance. This is a substantial degree of polarization so early in the administration. Mr. obama has lost virtually all of his Republican support and a good part of his Independent support, and the trend is decidedly negative.
[This'll Give Us.... Hope!]
Specter: Whattsa Big Deal?
[Why are all the news readers touting this so heavily? It won't change the congressional balance of power one iota! Specter has practically always voted with the democRATs on anything substantive. He did break his usual "liberties-with-the-truth" policy to tell us the actual truth.... that he'd get "his ass whooped" in a republican primary in Pa-here's hopin' that the democRATs give him the same "ass whoopin'!!" The second paragraph of the article below, indicates to me that the "TaxDay TEA Parties" are having a positive effect-the momentum needs to continue!!]
Mr. Specter announced his unexpected switch of political loyalties on Tuesday, saying that he was leaving the republican party because it had shifted far to the right of his views and because he did not think he could overcome a primary challenge next year.
Mr. Specter acknowledged on Tuesday that his decision to change parties was driven by his intense desire to win that sixth term. It came after he and his political advisers concluded over the weekend that he could not turn away a conservative challenger in a Republican primary, particularly in light of his vote for the president’s economic porkulus package.
Til Nex-Time....
Posts
De Facto GM Head Screwing Shareholders[Check out this definition-de facto: Exercising power or serving a function without being legally or officially established: a de facto government.
Fluffy obama, as the de facto head of Government Motors [recently renamed from the original General Motors] is applying the same fluffy math he used in forcing the Porkulus Package down the taxpayers' throats to screw GM investors. After you read the short article below, please come back up here and reconsider the examples I've developed using the same fluffy math.
The impending Government Motors proposal concerning valuations of stock; 50% of the company for a $10Bln investment. Private bondholders [commoners, like you and I] will have a 10% of the company for a $27Bln investment.
To equate this action to a real-life situation: You buy ground beef for $2.70/lb; your neighbor buys the same meat at the same place for $.20/lb. You buy an average house in an average neighborhood for $270,000; your neighbor buys an exact duplicate of the house in the same neighborhood for $20,000.
The actual Government Motors transaction involves the same percentage calculations as do my two examples!! ]
After a "Fluffy Briefing," General Motors CEO Fritz Henderson said Monday the company would offer the Treasury Department more than 50 percent of its stock to absolve GM of $10 billion in government loans. Combined, the union and government would own 89 percent of the century-old automaker, which has been bleeding red ink and is saddled with more than $62 billion in debt.
GM's plan depends on persuading unsecured bondholders who have loaned GM $27 billion to forgive that debt in exchange for a 10 percent stake in the company.
[Change-We-Can-Believe-In]
Fluffy: Droppin' Like A Brick!!
[Charlie Gibson, et al, ain't gonna tell ya 'bout these numbers!!]
Polling data show that Mr. obama's approval rating is dropping and is below where George W. Bush was in an analogous period in 2001. Rasmussen Reports data shows that Mr. obama's net presidential approval rating-which is calculated by subtracting the number who strongly disapprove from the number who strongly approve-is just six, his lowest rating to date.
Overall, Rasmussen Reports shows a 56%-43% approval, with a third strongly disapproving of the president's performance. This is a substantial degree of polarization so early in the administration. Mr. obama has lost virtually all of his Republican support and a good part of his Independent support, and the trend is decidedly negative.
[This'll Give Us.... Hope!]
Specter: Whattsa Big Deal?
[Why are all the news readers touting this so heavily? It won't change the congressional balance of power one iota! Specter has practically always voted with the democRATs on anything substantive. He did break his usual "liberties-with-the-truth" policy to tell us the actual truth.... that he'd get "his ass whooped" in a republican primary in Pa-here's hopin' that the democRATs give him the same "ass whoopin'!!" The second paragraph of the article below, indicates to me that the "TaxDay TEA Parties" are having a positive effect-the momentum needs to continue!!]
Mr. Specter announced his unexpected switch of political loyalties on Tuesday, saying that he was leaving the republican party because it had shifted far to the right of his views and because he did not think he could overcome a primary challenge next year.
Mr. Specter acknowledged on Tuesday that his decision to change parties was driven by his intense desire to win that sixth term. It came after he and his political advisers concluded over the weekend that he could not turn away a conservative challenger in a Republican primary, particularly in light of his vote for the president’s economic porkulus package.
Til Nex-Time....
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