Wednesday, June 10, 2009

Senator Jim De Mint on GM Bankruptcy


 The following paragraphs are from a newsletter published on Senator De Mint's website today. The Obama administration is moving at lightning speed to take our country with its many financial woes, including an already  huge deficit and even greater unfunded liabilities for social security, medicare and medicaid, into a European style socialist country. The electorate wanted change and they are getting it. How long will it be before Obama supporters will admit that they made a huge mistake and rebel. Let it be soon!

Dear Friend,

The bankruptcy filing of General Motors last week didn’t have to be this way.

GM could have – and as many of us argued at the time, should have – declared bankruptcy last December.  Our bankruptcy laws exist to give troubled companies a chance to restructure their business models and get out from under crushing debts.

But now, after we lost $50 billion in a misguided bailout scheme, the bankruptcy GM is entering is not even real bankruptcy.  It’s a political bankruptcy, brokered by the Obama administration to reward the very people who helped to destroy the company in the first place. more

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2 comments:

  1. Dick SmithJune 10, 2009 at 2:45 PM

    This piece has been circulating on the internet and has been confirmed by Snopes.com. I also heard from a commentator today that it had been sent to the NY Times and they did not publish.

    The author, Lou Pritchett, is a well-known public speaker who retired after a successful 36-year career as the VP World Sales for Proctor and Gamble.

    Lou Pritchett
    Foremost Leader in Change Management



    Lou Pritchett is one of corporate America 's true living legends- an acclaimed author, dynamic teacher and one of the world's highest rated speakers. Successful corporate executives everywhere recognize him as the foremost leader in change management. Lou changed the way America does business by creating an audacious concept that came to be known as "partnering." Pritchett rose from soap salesman to Vice-President, Sales and Customer Development for Procter and Gamble and over the course of 36 years, made corporate history.




    AN OPEN LETTER TO PRESIDENT OBAMA


    Dear President Obama:



    You are the thirteenth President under whom I have lived and unlike any of the others, you truly scare me.

    You scare me because after months of exposure, I know nothing about you.

    You scare me because I do not know how you paid for your expensive Ivy League education and your upscale lifestyle and housing with no visible signs of support.

    You scare me because you did not spend the formative years of youth growing up in America and culturally you are not an American.

    You scare me because you have never run a company or met a payroll.

    You scare me because you have never had military experience, thus don't understand it at its core.

    You scare me because you lack humility and 'class', always blaming others.

    You scare me because for over half your life you have aligned yourself with radical extremists who hate America and you refuse to publicly denounce these radicals who wish to see America fail.

    You scare me because you are a cheerleader for the 'blame America ' crowd and deliver this message abroad.

    You scare me because you want to change America to a European style country where the government sector dominates instead of the private sector.

    You scare me because you want to replace our health care system with a government controlled one.

    You scare me because you prefer 'wind mills' to responsibly capitalizing on our own vast oil, coal and shale reserves.

    You scare me because you want to kill the American capitalist goose that lays the golden egg which provides the highest standard of living in the world.

    You scare me because you have begun to use 'extortion' tactics against certain banks and corporations.

    You scare me because your own political party shrinks from challenging you on your wild and irresponsible spending proposals.

    You scare me because you will not openly listen to or even consider opposing points of view from intelligent people.

    You scare me because you falsely believe that you are both omnipotent and omniscient.

    You scare me because the media gives you a free pass on everything you do.

    You scare me because you demonize and want to silence the Limbaughs, Hannitys, O'Relllys and Becks who offer opposing, conservative points of view.

    You scare me because you prefer controlling over governing.

    Finally, you scare me because if you serve a second term I will probably not feel safe in writing a similar letter in 8 years.



    Lou Pritchett

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  2. DavidJune 10, 2009 at 7:34 PM

    For those who care about the country's economy I recommend the following link:

    http://www.heritage.org/Research/Economy/tst061009a.cfm

    ReplyDelete

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