A National Sales Tax, a better BK for GM, and more...

[...] A National Sales Tax, a better BK for GM, and more… [...]

A InterState Sales Tax is Constitutional if done as a head tax paid by the States.. A Intrastate may not be unless it is written correctly. If they institute the Original Head Count Tax of the Constitution and make the States raise the money via sales tax that is the same thing. ======== I started PRAYING for GM to go Bankrupt when they killed the EV1. They deserve it. Adapt or Perish. They are living 15 years behind the curve and NOW their big idea is to build cars that Japan was building 10 years ago. Please.. In the 70's and 80's most GM stock was owned by Oil companies, they killed the EV1. It is all about feeding the fuel beast. Cars are too expensive as a percentage of income and it is unsustainable. Planned obselesence. They priced their junk so that as soon as you paid for it you needed another one. They could bring back the EV1 with no R&D (put in LiFEPO4 batteries) and you would have a affordable electric car that goes 100-300 miles on a charge in 1 year. GM's Volt was a overpriced Joke designed to give the perception they were working on solving the problem. It is not designed to be a practical usable car but a overprice sports car. The strategy is designed to FAIL. . Adapt or Perish. GM MUST PERISH. They are stupid dinosaurs who live behind the technology curve on purpose to maximize profit because they thought they would always be in business and one of the BIG 3, an American Great. Pride comes before the fall. ARROGANCE and Incompitence

The election last fall was a watershed election. It transformed what used to be a democratic, free market society into a socialist regime, or perhaps worse. Right now we're just taking baby steps in that direction, but by the end of the 8-year Obama Administration (let's face it, we're saddled with him for 8-years - early voting, ACORN, etc. will ensure that), all of the key policies will be in place to destroy the country we (meaning conservative, entrepreneurial types) love. I hope this gives all those "independent" voters that sided with this misfit regime a warm, fuzzy feeling inside.

So what exactly did "we" get for our "investment" in GM in keeping it out of bankruptcy for the last few months? I watch other business tv shows and I can recall how they were yapping about how GM had to be kept out of bankruptcy because no one would buy a gm car and all the suppliers would fold. What changed? I watch these same shows and the same reporters/experts discuss GM in bankruptcy as if it is no problem. Can some form of import tariffs or restrictions on cars be far off...how in the world are GM and Chrysler going to compete with the imports going forward under union and government leadership?

Haven't bought an American car in 30 years. Always Toyota, Honda or Mazda. That was because of quality issues. Now, I'll never buy one as long as I live but its because I despise the UAW. Kind of the same reason I never vote democrat.

I couldn't agree more in terms of Government Motors being forced into Chapter 7 instead of 11. If allowed to go into Chapter 11, we'll be having this same discussion about GM down the road.

There should no longer be any doubt in anyone's mind that we are now under a fascist, totalitarian, and socialistic regime. 2010 and 2012 will determine what direction our nation will be heading. I'd sure like someone to interview that black woman that was screaming upon O's election win, something to the effect of:"I ain't gotta pay my mortgage, I ain't gotta pay for my gas". I wonder what she has to say now?

I too have purchased many GM products over the past 26 years. I now have 2 friends who put in 28 years at GM Lordstown who took one of the buyouts and the pension/medical and have since "retired" at age 52 to Florida (both spouses are retired school teachers....another taxpayer funded retirement). They play tennis and golf 5 days a week while I toil on and hope to retire at age 65. I am very happy to be funding their wonderful retirment thru my tax dollars. I will NEVER buy a GM (government motors) or Chrylser vehicle again. It is a disgrace what has happened to the secured bond holders and the tax payers so that the UAW can be paid off. When is anyone going to nut-up and take on these facists? If someone would do so, I believe there would be a huge ground swell of support that is rapidly getting sick of this garbage.

Later this year I plan on purchasing another vehicle. Seeing the UAW benefit at the expense of 401k holders and other investors makes me ill. From this day forward I will not purchase any vehicle touched by the UAW or backed by the lying bas.tard in the whitehouse. I sincerely hope that other fair minded americans join me in this boycott.

National sales tax, indeed! I'm trying to figure out how any politician anywhere in the US can support a tax, a fee, or any revenue enhancement, without fearing the reaper come the next election cycle. The short answer is, they do anyway! They must be brain dead not to see the underlying anger seething through our society and the unemployed, underemployed and economically devastated electorate. And, it's only gonna get worse. I, for one, am looking forward to the day of reckoning.

A VAT tax is one of the most insidious and regressive around. The Euros love it because it's a great way to take money away from the citizens. Washington is going to increase taxes on us all so that they can reward their favored constituencies. How else can you explain bond-holders taking the shaft at GM & Chrysler and the UAW being rewarded with significant equity. The gov't will be GM/Chrysler's bank forever because no one with more than two brain cells to rub together will ever again lend them a dollar.

"* Anybody else think the White House/SEC outta stop trading in GM? 50% daily swings means somebody’s lost 50% trading today. " ....and somebody's made 50% trading today, the puppet masters are out in full force on this one.