Obama is squandering tax payer's dollar to build another TemaSEX GIC

[uncleyap]

http://uncleyap-news.blogspot.com/2009/06/obama-is-using-tax-payers-dollar-to.html




<!-- Begin .post -->





Obama is using tax payer's dollar to build another TemaSEX GIC









Related Blog Post on Obama

What am I talking about?

It is the US Automobile Industry starting from General Motors. It will Enlarge into other areas such as AIG Visa & other US business that are in DEEP TROUBLES. Obama is crashing and squandering billions after billions into these failing and dying businesses just like Ho Jinx, I am afraid. And Obama will eventually build up another TemaSEX & GIC in the USA.

The major difference is Obama is State-Owning the originally Private businesses, famiLEE LEEgime is privatizing or famiLEE proprieting the State Businesses the rather. :-Z

The similarity is they are all going to make the tax payers bankrupt.

1. Yahoo Chinese News URL
2. Yahoo Chinese News URL
3. Yahoo Chinese News URL
4. Yahoo English News URL

General Motors files for bankruptcy protection








NEW YORK – General Motors filed for Chapter 11 bankruptcy protection Monday as part of the Obama administration's plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government.

GM's bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial company. The company said it has $172.81 billion in debt and $82.29 billion in assets.

"The General Motors board of directors authorized the filing of a Chapter 11 case with regret that this path proved necessary despite the best efforts of so many," a company statement said. "Today marks a new beginning for General Motors. ... The board is confident that this New GM can operate successfully in the intensely competitive U.S. market and around the world."

As it reorganizes, the fallen icon of American industry will rely on $30 billion of additional financial assistance from the Treasury Department and $9.5 billion from Canada. That's on top of about $20 billion in taxpayer money GM already has received in the form of low-interest loans.

GM will follow a similar course taken by smaller rival Chrysler LLC, which filed for Chapter 11 protection in April. A judge gave Chrysler approval to sell most of its assets to Italy's Fiat, moving the U.S. automaker closer to a quick exit from court protection, possibly this week.
.........

​

With the amount of state funds and tax payers' dollars slammed into it, GM is literally and state owned business just like famiLEE LEEgime Singapore Automotive Engineering SAE with politicians such as Obama himself from the White House nosing into the management and the White House literally will be a higher board above GM's board of directors. In the USA unlike famiLEE LEEgime' red dot government were always operating apart from businesses and government don't do business like Lee Kuan Yew old dog thief's famiLEE LEEgime.

Under Obama's economic policy USA is becoming a communist economy, where by state resources under political leadership is constantly pumped into failing state run and state owned business, in order to keep them afloat and keep jobs for the people. Capitalist states usually oppose and criticize this sort of measures and policies. However when the US empire takes it route to crash down alike to ex-Soviet Union, it is adopting Soviet's old policies in it own struggle for survival.


I discussed this in previous blog post and forum.








posted by uncleyap at 11:01 PM






<!-- End .post -->

 

[uncleyap]

通用小檔案－美第３大破產案 旗下８品牌縮為４個


<label> </label> 更新日期:<q>2009/06/01 02:39</q> 黃文正／綜合報導



通用汽車（ＧＭ）本周若聲請破產保護，不僅將成為美國史上三宗最大的企業破產案之一，同時也是歷來規模最大、最複雜的製造業破產案。
通用成立於一九○八年，而今年迄已接受美政府一九四億美元的紓困，接下來還可望獲三百億美元新金援，成為實質的國有化企業。以下為通用相關資料。
在財務方面，用去年虧損三一○億美元，過去四年累計虧損達八二○億美元。去年通用在全球賣出八三○萬輛汽車，遠低於前年的九三七萬輛。通用在三月底時，資產約八二○億美元，若聲請破產，將為美國史上第三大破產案，僅次於雷曼兄弟的六九一○億美元、以及世界通訊（WorldCom）的一○四○億美元。
此 外，在品牌部份，通用旗下擁有雪佛蘭（Chevrolet）、別克（Buick）、紳寶（Saab）、凱迪拉克（Cadillac）、釷星 （Saturn）、悍馬（Hummer）龐帝克（ Pontiac）和ＧＭＣ八個主要品牌。通用今年計畫賣掉紳寶、釷星和悍馬，明年底之前再處理掉龐帝克，希望專心經營佔總銷售量八三％的剩餘四個品牌。
通用在去年底時，共雇用廿四萬三千名員工，其中正式員工七萬三千人、時薪工人十七萬人。在通用美國廠的勞工中，有五萬四千人加入「聯合汽車工會」（ＵＡＷ）。若走向破產，通用將僅次於零售連鎖集團Kmart，成為聘雇員工總人數第二高的破產企業。
在供應商和經銷商部分，通用每年採購預算高達九四○億美元；供應商約三千二百家。通用計畫在明年底之前，將目前約六千家經銷商裁減至三千六百家。


​

通用聲請破產　美加政府巨資入主

<label> </label> 更新日期:<q>2009/06/01 18:39</q> 趙元穎　孫明愷
有百年歷史的美國通用汽車，在台灣時間今晚8點半左右，正式聲請破產！儘管美國政府從去年底開始，先後撥款194億美元紓困，仍然是無力回天。上星期五通用股價首度跌破1美元，只能夠聲請破產保護，置之死地而後生，美國和加拿大當局打算在通用聲請破產後，再砸4百億美元協助通用進行重整，美加兩國政府將有70%的股票，通用汽車也因此形同國有企業，美國總統歐巴馬將在台北時間今天深夜，針對通用破產發表談話。
在全球金融海嘯的衝擊下，美國百年汽車大廠通用撐到現在，還是不支倒地。CNN主播：「通用即將聲請破產，預計在美東時間8點鐘，正式提出破產聲請。」
通用打算組織再造，把旗下品牌從8個減到4個、關閉14間車廠，全球裁員4萬7千個職位，也會減少40%的經銷商。CNN資深記者：「GM會瘦身，更少的品牌、更少的員工，之前通用就已經宣佈裁撤大批經銷商。」
通用置之死地而後生，一切重頭開始，員工也願意讓步，大幅刪減福利和退休金，一起共體時艱。通用經銷商：「通用在美國史上佔有一席之地，成立百年的公司一路走來，總是免不了碰上一些顛簸。」
從2005年開始，通用就嚴重虧損，去年底美國政府砸了將近2百億美元，拯救苟延殘喘的通用，卻還是免不了走上破產命運；美國和加拿大在通用破產後，將再砸4百億美元，協助通用重整，未來美加兩國政府總共會接收新通用公司72%的股權，為美國資本主義寫下歷史新頁。
CNN記者：「通用發明了汽車貸款，推出車展女郎，通用也是第一家聘請設計師，而不用工程師來提出新車概念的車廠。」
通用骨董車帶動美國懷舊風情，1百年來和美國流行文化密不可分，電影、電視、流行歌曲都有它的蹤影。曾是全球第一，曾經叱吒風雲，通用卻一步步被日本進口車打敗，令人不勝噓唏，百年車廠GM不死，現在只能從錯誤中再學習，從破產谷底中，重建通用的汽車王國。


​

 

[uncleyap]

This is very serious governmental interference from Obama's White House into a private enterprise, probably unprecedented in the US history, that Obama is winding up GM via Chapter 11.

Bill Clinton's antitrust against Microsoft to break it down in 3 independent companies was unsuccessful / unfruitful. Obama looks set to had this done.

 

[Alu862]

Then why dont you get your pal GN to protest?

 

[da dick]

you want to tell us roosevelt was wrong about the great depression? that booming american economy in the 50's , which was the result of him fixing the madly unregulated markets of the 30s (and the war), didn't exist? what are you, a GOP spook?

you seriously think yankeeland could go on with the olde bush way of doing things, and say NOT MA THANG, NOT MA STYLE when something breaks?

and stop spamming your blog , you shameless.... ARRRRGGGHHH!!!!!

 

[uncleyap]

you want to tell us roosevelt was wrong about the great depression? that booming american economy in the 50's , which was the result of him fixing the madly unregulated markets of the 30s (and the war), didn't exist? what are you, a GOP spook?

you seriously think yankeeland could go on with the olde bush way of doing things, and say NOT MA THANG, NOT MA STYLE when something breaks?

and stop spamming your blog , you shameless.... ARRRRGGGHHH!!!!!

You sound so shallow like typical PAp, I wonder if you would ever learn.

Nevertheless I will respond to your post because the issue is something meaningful.

I will not directly post my respond here without 1st posting in my blog, thanks for reminding me.

 

[uncleyap]

You sound so shallow like typical PAp, I wonder if you would ever learn.

Nevertheless I will respond to your post because the issue is something meaningful.

I will not directly post my respond here without 1st posting in my blog, thanks for reminding me.

http://uncleyap-news.blogspot.com/2009/06/forum-posting-depression-white-house.html


<!-- Begin .post -->





forum posting: Depression & The White House









In the first place I don't think what is deemed as another economic depression at the time being is exactly the same as the one just before the second world war. There are similarities in between them but the significant meaning in history will not be the same. Thee past depression would not be as serious as this one.

The fundamental reasons that they are NOT the same:

• The world population level at 1930 depression is only at about 30% of today's world population level. We have 3 times more people to feed today.
• The economic scenario in 1930 was much more rural agricultural, and today much more urban metropolis & industrialized. Cities where most people live today are much more vulnerable then countryside. There were only few stock markets in 1930s, people lived in very independent basics & produced their own needs. Today's people are critically interdependent on each other (& resources of each other) globally.
• In today's globalized scenario, economic crisis can not be contained to particular countries; regions; or continents, unlike the much more isolated scenario of the previous century's depression.

Take oil / fuel prices for example, in 1930 different people in different parts of the world depends on different sources and different types of fuels, and pay different prices to satisfy their own needs. Today we see only one single oil price datum for entire global economy, only few people can escape from this.

In the 1930s the world was still abundant with many kinds of resources with much less people to sharing them. Today's global resources had been seriously depleted & exhausted with 3 times as much people to compete for and more critically depending on these vital resources for survival. The level of desperation and distress is very severe and tense, there are much more crisis than solutions comparing now & then back in 1930s.

People today are much less willing to do hard works & make scarifies as well as face difficulties comparing to our grand simpler parents in 1930s. The people today expects more but really contribute much lesser as well as being more unwilling to suffer and do hard works than the people 2 generations ago. As a result people in today's urban world are indeed heavy burdens to one other, while in the old days of 1930s, people were much more inclined to be resources & assets or potentials to one another.

In 1930s era, fewer people had financial credits, fewer governments had deficits, or issues bonds, most businesses began with their own capitals and resources. Today, most people need to live on financial credits, it is common for governments to issue bonds to raise debts and operate on deficits, businesses widely depend on bank loans and or selling shares or bonds to raise operating capital, a single business failure can easily trigger chain-reaction in many others, which was uncommon in the old days.

The British Empire collapsed after World War II, but even the big number of colonies received mostly positive impacts the rather than negatives. The USSR collapsed in 1991, and together it took down all of the republics within it's federation as well as those within the Warsaw Pack or Eastern Block Nations into a serious negativities. The USA had yet collapsed, but it's negative impact already went globally.

This clearly showed more than just the closely interconnected vulnerabilities of this modern Globalized world.

The Empire Status & Superpower Status of USA will collapse starting from it's economy & finance. This is the rise and fall feature common to all empires similar with the Roman; the Persian; the Tang; the Han; Genghis Khan; the British Empire; the Japs; the Nazi; the Soviet etc.

This is not something for any president in the White House to alter or eliminate. Weather be it Obama or Lincoln or John McCain or Hillery Clinton, it will not make any difference. It is deep rooted, it is in grain, it is natural, it is regular and disciplinarian, and it is confirmed by history.

The British Empire rosed on it's territory colonialism & fell on the lost of it's colonies after depleting in World War II.

The Soviet Empire rosed on it's domino spreading of Communism Ideology, and fell after it failed to annex Afghanistan into Communism.

The US Superpower rosed by it's Economic Dominance & Free Market Influence, it will fall as soon as it's economic rivals gained stronger influence and global market dominance.

Part of the many symptoms of this ending cycle of US hegemony is being seen as the current Depression. It is only half-truth if you only see this economic side of the picture, neglecting the political aspects and developments in the stage of global strategic balance. The effects and phenomenons are all closely inter-linked and interactive between economic; political & military / security domains. The wars started by Bush in Afghanistan & Iraq are significant factors.

Franklin Delano Roosevelt implemented many programs and measures during the Great Depression. But most of that did not had chance to see any result before the USA sank into World War II. Ironically, the Declaration Of War against Japan signed by Roosevelt on the 8th December 1941 was his MOST EFFECTIVE solution to the Great Depression. After WW2 it was followed by an Economic Boom. :-)

It wasn't the intended solution, it was anything that Roosevelt had a choice about, since the Japanese Raided the Pearl Harbor on 7th December 1941, just the day before he had to declare war. It was not seen to have any positive factor to the Great Depression to be a part of the World War, not at all.

However, inevitably the wars brought great changes to the world and put Americans and many other people into extreme conditions that finally produced unexpected result of Economic Boom after the war had ended.

The noticed effects after war:

• The massive destructions from war demanded reconstruction and restorations, it was huge market vacuum for the economy to fill
• The massive lost of lives eliminated burdens on resources and changed level of dependency, great abundance of vacancies in human resources to fill jobs in post war restoration
• Massive redistribution of resources after collapse of Japs+ Nazi + British powers which dominated these vital resources, US & Russians took control of global resources after war
• People forced by war to get used to scarifies and suffering and hard works instead of indulged in luxury rotten lifestyles, they became efficient productive man power after wars, ex-soldiers and farmer became workers
• New World Order, new chapter for the world, reshuffled commercial financial industrial and agricultural scenarios after the wars

part 1






<!-- End .post -->

 

[uncleyap]

Part 2

There are 2 well-known post-war economic booms, one also known as the Long Boom:

Post WW2 Boom

Many Americans feared that the end of World War II and the subsequent drop in military spending might bring back the hard times of the Great Depression. But instead, pent-up consumer demand fueled exceptionally strong economic growth in the postwar period. The automobile industry successfully converted back to producing cars, and new industries such as aviation and electronics grew by leaps and bounds. A housing boom, stimulated in part by easily affordable mortgages for returning members of the military, added to the expansion. The nation's gross national product rose from about $200,000 million in 1940 to $300,000 million in 1950 and to more than $500,000 million in 1960. At the same time, the jump in postwar births, known as the "baby boom," increased the number of consumers. More and more Americans joined the middle class. (more)

​

Long Economic Boom:

Postwar Boom: 1947-1973

The term the long boom is used by some historians to describe the period from approximately 1947 to the oil crisis of 1973 in which nearly all OECD economies experienced strong year-on-year growth. This was in part achieved through a complex number of factors mostly planned at the end of World War II. After the war, the major powers were determined not to repeat the mistakes of the Great Depression. They established the Bretton Woods system, setting up international institutions designed to ensure stability in the world economy. This was achieved through a number of factors, including promoting free trade, instituting the Marshall Plan, and the use of Keynesian economics. An alternative explanation for this period is the theory of the Permanent arms economy which suggests that the large spending on the military helped stabilise the global economy. (more)
​

Barack Obama promised to steer US out of Iraq War, but war is still on today both in Iraq & Afganishtan and had further spread into Pakistan. Security Crisis in North Korea & Iran as well as other hotspots such as Somalia are still ticking like bombs.

USA under Roosevelt entered a great war in the middle of Great Depression and led to not only an economic boom but the rather replacing the falling British Empire to be the new global predominance superpower, after the wars.

Bush started his War Of Terror & Gulf War II, triggering the US economy into this current depression, which Obama had to inherit from his moronic predecessor in White House. Obama promise to steer out of these wars, but he can NOT prevent the global hegemony from changing hands.

The smaller countries and economies tagged behind US had been receiving very negative impacts and will continue to suffer deeper as well as longer, as this global transition takes place. When the world economy stabilized in the next stage it will be a rather different world. Any idea hoping a quick return to good old days or swift recovery sweeping the enomous in grain dysfunctionalities are naive dreams.

It is an irrevesible bilateral transformation that is taking place, without the enormous mass resting properly in their respective new places, no one could expect any stability. Short term fluctuations and jerks are expected and we should not be misled by those.

No one should expect Barack Obama to have capability nor resources to undo the accumulated demerits from so many other presidents who had past the problems down one after another probrably from Lyndon Johnson till Bush (junior). Ironically instead of hoping economic magics from White House, one should just hope that nothing for the worse would be initiated from the White House.

I observed that Obama's present economic programs and policies are the reverse of Free Market Economy and Capitalism. That was published previously in the following blog post:

Related Blog Post - Economic Crossroad


This is written as a part of my forum discussion, regarding Obama's building of a Temasek GIC like state equity business out of US automobile industry.

Sammyboy.Com Posting URL








posted by uncleyap at 9:13 PM

 

[uncleyap]

Just a comparison for fairness:

Obama's injecting state equity into US automobile industries and financial industries driven essentially by the crisis of failing US economy. This is very unlike famiLEE LEEgime's greedy bastards.

famiLEE LEEgime is driven by Ego & Greed & Stupidity into these GIC GLC GRC Temasek & Shin-Corp businesses. Their Ego made them believe that they are the BEST ELITES. Their Greed made them see nothing other than $$$$$. Their Stupidity made them blind of their own mistakes and failures and continue to inject more and more tax payers funds into failures. e.g. SuZhou SGP Industrial Park (Phase 1 -> Phase 2 -> Phase 3.....).

Obama squandered tax payers dollars into AIG type of financial institutions & banks etc, and those greedy elites took millions & millions of dollars like PAp & NKF Durai, but Obama came out & fucked them, and made them pay back the bonous etc.

As for famiLEE LEEgime & PAp bastards, they will continue to increase minister salaries and further enrich their cronies even after NKF scandals and RenCi Scandals. They even took out the national reserves to pay as salaries so that their cronies will be able to keep their jobs as peasants suffers and pays tax through their noses. They did all these shamelessly in the name of helping peasants!