American capitalism gone with a whimper
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here is what should have happened with GM
http://www.ft.com/cms/s/0/cd00d2c6-4ee2-11...?nclick_check=1
How Washington blew GM’s bankruptcy
By Michael Levine
Published: June 1 2009 20:33 | Last updated: June 1 2009 20:33
As General Motors finally filed for bankruptcy on Monday, some critics of the move have already made the case that Congress, not a White House task force, should have planned the bankruptcy. They are right about one thing: a White House task force should not have planned the bankruptcy. But they are 180 degrees wrong about what the government should have done. The bankruptcy needed much less “public policy” input, not more. If GM were going through a “normal” bankruptcy, here is what would have happened:
When it saw it was running out of cash last November, GM would have been forced to put together a plan that immediately stopped its financial haemorrhaging by selectively suspending its obligations and asked for protection from its creditors by filing under Chapter 11 of the bankruptcy code. To keep going through the process without liquidating, it would have had to get a debtor-in-possession loan (a high-priority loan secured by all the company’s assets). As a condition of providing the DIP loan, the government, like a private lender, might have insisted upfront on installing a management committed to a successful bankruptcy. Once in bankruptcy, GM management would have been required to propose a reorganisation plan with a reasonable chance of success. GM would have been able to determine which contracts to reject, giving it the chance to restructure its dealer networks, supply and long-term debt, secured and unsecured. Crucially, using Section 1113 of the bankruptcy code, it would have been able to reform its labour contracts to the extent necessary to achieve a successful reorganisation. If its proposals are rejected by the union without good cause, the court can impose it.
During bankruptcy, GM would have been able to sell off divisions, facilities and brands. Finally, if a plan of reorganisation that was likely to get a better outcome than liquidation was proposed, the court would approve it and a “new” GM would emerge.
What would have been the impediments to doing this? Management would not face the inevitable, so GM had (perhaps deliberately) placed itself in a position where it needed money to keep going long enough to file for bankruptcy. No private credit might have been available for a DIP loan under the conditions prevailing then and now. If the filing was done without prior negotiation with unions and creditors, the proceeding might have been so messy and protracted that it could have substantially reduced the possibility of a successful reorganisation. The plan might not succeed. Notice that I have not mentioned that the filing and the actions taken to protect GM from its creditors would cause great pain to workers, suppliers, dealers and cities. That is because that pain will occur anyway.
What would have been the role for government in this scenario? Providing bridge financing and a DIP loan, and setting a much shorter deadline for filing than was ultimately adopted. The deadline would have forced all parties to negotiate as much “prepackaging” as possible, because the unions and unsecured creditors would not have wanted to take their chances on a filing, and the secured creditors could not have been assured of a rapid liquidation in such an important bankruptcy. The loan could have been secured by GM’s assets and a claim on its revenues, and not involved the government in owning and managing the company. The billions of dollars the government would have saved by starting this process last winter could have been used to alleviate collateral damage through aid to state governments, unemployment insurance, etc. Both of those activities would have met genuine needs, commercial and social, without the government being forced to own and manage GM.
Instead, the Obama administration overtly played favourites to get the United Auto Workers protection it would not have received under Section 1113, probably elevating costs in a way that will damage prospects for a successful reorganisation. It made and imposed business judgments on GM about what cars to make and what plants to close (and perhaps about suppliers and distribution) that no one in the government or on the task force had the experience to make and for which no one would be financially accountable. Worst of all, despite Sunday’s desperate attempt to distance itself from GM’s future decisions, it left its fingerprints all over the new plan. Inevitably the White House will take political and hence financial responsibility for its success, relieving pressure on management and labour to succeed. Ultimately it elected to adopt an industrial policy toward the industry that failed utterly in the UK, and has worked out badly and expensively in France and Italy.
Finally, in the process, it disturbed the security of expectation that has made lenders willing to provide capital as secured credit, thus handicapping all US industry and undermining what has been, for all its flaws, one of the best financial reorganisation processes in the world, now emulated elsewhere.
The administration took a tragic situation and turned it into an expensive mess to pay a political debt. It wasted billions of dollars over many months delaying GM’s filing and then implicitly put itself on the hook for many billions more. The financial, political and social echoes of that decision will be with us for a long time. In short, they blew it.
The writer is distinguished research scholar and senior lecturer at New York University School of Law
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here is what should have happened with GM
http://www.ft.com/cms/s/0/cd00d2c6-4ee2-11...?nclick_check=1
How Washington blew GM’s bankruptcy
By Michael Levine
Published: June 1 2009 20:33 | Last updated: June 1 2009 20:33
As General Motors finally filed for bankruptcy on Monday, some critics of the move have already made the case that Congress, not a White House task force, should have planned the bankruptcy. They are right about one thing: a White House task force should not have planned the bankruptcy. But they are 180 degrees wrong about what the government should have done. The bankruptcy needed much less “public policy” input, not more. If GM were going through a “normal” bankruptcy, here is what would have happened:
When it saw it was running out of cash last November, GM would have been forced to put together a plan that immediately stopped its financial haemorrhaging by selectively suspending its obligations and asked for protection from its creditors by filing under Chapter 11 of the bankruptcy code. To keep going through the process without liquidating, it would have had to get a debtor-in-possession loan (a high-priority loan secured by all the company’s assets). As a condition of providing the DIP loan, the government, like a private lender, might have insisted upfront on installing a management committed to a successful bankruptcy. Once in bankruptcy, GM management would have been required to propose a reorganisation plan with a reasonable chance of success. GM would have been able to determine which contracts to reject, giving it the chance to restructure its dealer networks, supply and long-term debt, secured and unsecured. Crucially, using Section 1113 of the bankruptcy code, it would have been able to reform its labour contracts to the extent necessary to achieve a successful reorganisation. If its proposals are rejected by the union without good cause, the court can impose it.
During bankruptcy, GM would have been able to sell off divisions, facilities and brands. Finally, if a plan of reorganisation that was likely to get a better outcome than liquidation was proposed, the court would approve it and a “new” GM would emerge.
What would have been the impediments to doing this? Management would not face the inevitable, so GM had (perhaps deliberately) placed itself in a position where it needed money to keep going long enough to file for bankruptcy. No private credit might have been available for a DIP loan under the conditions prevailing then and now. If the filing was done without prior negotiation with unions and creditors, the proceeding might have been so messy and protracted that it could have substantially reduced the possibility of a successful reorganisation. The plan might not succeed. Notice that I have not mentioned that the filing and the actions taken to protect GM from its creditors would cause great pain to workers, suppliers, dealers and cities. That is because that pain will occur anyway.
What would have been the role for government in this scenario? Providing bridge financing and a DIP loan, and setting a much shorter deadline for filing than was ultimately adopted. The deadline would have forced all parties to negotiate as much “prepackaging” as possible, because the unions and unsecured creditors would not have wanted to take their chances on a filing, and the secured creditors could not have been assured of a rapid liquidation in such an important bankruptcy. The loan could have been secured by GM’s assets and a claim on its revenues, and not involved the government in owning and managing the company. The billions of dollars the government would have saved by starting this process last winter could have been used to alleviate collateral damage through aid to state governments, unemployment insurance, etc. Both of those activities would have met genuine needs, commercial and social, without the government being forced to own and manage GM.
Instead, the Obama administration overtly played favourites to get the United Auto Workers protection it would not have received under Section 1113, probably elevating costs in a way that will damage prospects for a successful reorganisation. It made and imposed business judgments on GM about what cars to make and what plants to close (and perhaps about suppliers and distribution) that no one in the government or on the task force had the experience to make and for which no one would be financially accountable. Worst of all, despite Sunday’s desperate attempt to distance itself from GM’s future decisions, it left its fingerprints all over the new plan. Inevitably the White House will take political and hence financial responsibility for its success, relieving pressure on management and labour to succeed. Ultimately it elected to adopt an industrial policy toward the industry that failed utterly in the UK, and has worked out badly and expensively in France and Italy.
Finally, in the process, it disturbed the security of expectation that has made lenders willing to provide capital as secured credit, thus handicapping all US industry and undermining what has been, for all its flaws, one of the best financial reorganisation processes in the world, now emulated elsewhere.
The administration took a tragic situation and turned it into an expensive mess to pay a political debt. It wasted billions of dollars over many months delaying GM’s filing and then implicitly put itself on the hook for many billions more. The financial, political and social echoes of that decision will be with us for a long time. In short, they blew it.
The writer is distinguished research scholar and senior lecturer at New York University School of Law
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It's immature to use one's higher education to belittle others. And it's sad.
I don't think you are talking to me here Cal. But I agree with you. I came from a poor ass family, dad on disability, the whole 9 yards. I am not wealthy by any means, believe me. There is a huge difference in being arrogant and being confident. Believe me, I NEVER forget where I came from. As your story implies, you felt pretty good putting that ass in his place. Just don't forget that when someone puts you in your place on this board, and when you answer the same way as your Indian "buddy" did, lol.
I don't think you are talking to me here Cal. But I agree with you. I came from a poor ass family, dad on disability, the whole 9 yards. I am not wealthy by any means, believe me. There is a huge difference in being arrogant and being confident. Believe me, I NEVER forget where I came from. As your story implies, you felt pretty good putting that ass in his place. Just don't forget that when someone puts you in your place on this board, and when you answer the same way as your Indian "buddy" did, lol.
Its a shame that when some people on the board dont have anything to say about a thread their only defense is to begin attacking the poster.
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I don't think you are talking to me here Cal. But I agree with you. I came from a poor ass family, dad on disability, the whole 9 yards. I am not wealthy by any means, believe me. There is a huge difference in being arrogant and being confident. Believe me, I NEVER forget where I came from. As your story implies, you felt pretty good putting that ass in his place. Just don't forget that when someone puts you in your place on this board, and when you answer the same way as your Indian "buddy" did, lol.
Its a shame that when some people on the board dont have anything to say about a thread their only defense is to begin attacking the poster.
Its a shame that when some people on the board dont have anything to say about a thread their only defense is to begin attacking the poster.
I'm not attacking him T, just having some fun. Wow, if you think this is attacking him, look at some previous posts.
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I'm not attacking him T, just having some fun. Wow, if you think this is attacking him, look at some previous posts.
Hey I am fine with everybody here until someone starts peeing down my back and says its raining.
I enjoy reading all opinions.
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I had two years of college at Kent State, then went into the Air Force.
Biology and genetics classes at Wright State while I was in the Air Force.
Went to Akron after college, got my degree in computer science.
Nobody dissed college education. We just don't say it makes us a man,
or makes our opinions the absolute correct opinions.
We don't disagree with your stuff because of your education, but
because you're wrong.
IMHO, you couldn't hack farming. Too much stuff to know and be able to do.
You know, I once went and met a PHD at work years ago, in R&D. He was a polymer science
PHD from India. Well, I wrote a new program at the behest of the VP of R&D, and my results
(complex math computations) kept coming out different from the PHD's manual calcs (with his calculator...).
So, I double checked my code and the complex, long ass crazy formula and I knew I was correct.
Then the PHD got PO'd, and said he had all these honors from college and was a PHD and I wasn't
and I was a *&^%*&^ incompetent worker. And I simply walked to the VP's office, with him following.
Well, he repeated his "I'm a PHD and this buffoon has insulted me by doing it this way and making my
calculations look wrong" etc etc etc. And he was angry. I sat there, and went to the white board and
explained.
So, the VP asked me to excuse them and I went back to work.
Later, the PHD walked solemnly out of his office, sent to his office, and left for lunch.
The VP asked me to go to lunch with him. And, laughing, said I was absolutely correct and the PHD
didn't take it too well.
You know, it took about 3 weeks for him to take me to lunch and apologize! He said word got out, and
he was asking people about all the many technical programs I'd done, and really came away amazed how
people respected my work. He said he was from a high caste in India, where respect often manifests itself
in not disagreeing with him, ever.
He became a pretty neat human being that day, and we got along excellently from then on.
It's immature to use one's higher education to belittle others. And it's sad.
And, sometimes it comes back to bite you in the butt.
It's immature to use one's higher education to belittle others. And it's sad.
Yes, but this is where this whole thing started, so say what you will.
Just remember when dumbing down the subject matter so even the dumbest liberal can get an "A" in school means the smarter students wont have to apply themselves so now they all become equal.
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http://english.pravda.ru/opinion/columnists/107459-1/
American capitalism gone with a whimper
27.04.2009 Source: Pravda.Ru URL: http://english.pravda.ru/opinion/columnist...an_capitalism-0
It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.
True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists.
Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters.
First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their "right" to choke down a McDonalds burger or a BurgerKing burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our "democracy". Pride blind the foolish.
Then their faith in God was destroyed, until their churches, all tens of thousands of different "branches and denominations" were for the most part little more then Sunday circuses and their televangelists and top protestant mega preachers were more then happy to sell out their souls and flocks to be on the "winning" side of one pseudo Marxist politician or another. Their flocks may complain, but when explained that they would be on the "winning" side, their flocks were ever so quick to reject Christ in hopes for earthly power. Even our Holy Orthodox churches are scandalously liberalized in America.
The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America's short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe.
These past two weeks have been the most breath taking of all. First came the announcement of a planned redesign of the American Byzantine tax system, by the very thieves who used it to bankroll their thefts, loses and swindles of hundreds of billions of dollars. These make our Russian oligarchs look little more then ordinary street thugs, in comparison. Yes, the Americans have beat our own thieves in the shear volumes. Should we congratulate them?
These men, of course, are not an elected panel but made up of appointees picked from the very financial oligarchs and their henchmen who are now gorging themselves on trillions of American dollars, in one bailout after another. They are also usurping the rights, duties and powers of the American congress (parliament). Again, congress has put up little more then a whimper to their masters.
Then came Barack Obama's command that GM's (General Motor) president step down from leadership of his company. That is correct, dear reader, in the land of "pure" free markets, the American president now has the power, the self given power, to fire CEOs and we can assume other employees of private companies, at will. Come hither, go dither, the centurion commands his minions.
So it should be no surprise, that the American president has followed this up with a "bold" move of declaring that he and another group of unelected, chosen stooges will now redesign the entire automotive industry and will even be the guarantee of automobile policies. I am sure that if given the chance, they would happily try and redesign it for the whole of the world, too. Prime Minister Putin, less then two months ago, warned Obama and UK's Blair, not to follow the path to Marxism, it only leads to disaster. Apparently, even though we suffered 70 years of this Western sponsored horror show, we know nothing, as foolish, drunken Russians, so let our "wise" Anglo-Saxon fools find out the folly of their own pride.
Again, the American public has taken this with barely a whimper...but a "freeman" whimper.
So, should it be any surprise to discover that the Democratically controlled Congress of America is working on passing a new regulation that would give the American Treasury department the power to set "fair" maximum salaries, evaluate performance and control how private companies give out pay raises and bonuses? Senator Barney Franks, a social pervert basking in his homosexuality (of course, amongst the modern, enlightened American societal norm, as well as that of the general West, homosexuality is not only not a looked down upon life choice, but is often praised as a virtue) and his Marxist enlightenment, has led this effort. He stresses that this only affects companies that receive government monies, but it is retroactive and taken to a logical extreme, this would include any company or industry that has ever received a tax break or incentive.
The Russian owners of American companies and industries should look thoughtfully at this and the option of closing their facilities down and fleeing the land of the Red as fast as possible. In other words, divest while there is still value left.
The proud American will go down into his slavery with out a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snicker.
Stanislav Mishin
The article has been reprinted with the kind permission from the author and originally appears on his blog, Mat Rodina
http://english.pravda.ru/opinion/columnists/107459-1/
American capitalism gone with a whimper
27.04.2009 Source: Pravda.Ru URL: http://english.pravda.ru/opinion/columnist...an_capitalism-0
It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.
True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists.
Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters.
First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their "right" to choke down a McDonalds burger or a BurgerKing burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our "democracy". Pride blind the foolish.
Then their faith in God was destroyed, until their churches, all tens of thousands of different "branches and denominations" were for the most part little more then Sunday circuses and their televangelists and top protestant mega preachers were more then happy to sell out their souls and flocks to be on the "winning" side of one pseudo Marxist politician or another. Their flocks may complain, but when explained that they would be on the "winning" side, their flocks were ever so quick to reject Christ in hopes for earthly power. Even our Holy Orthodox churches are scandalously liberalized in America.
The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America's short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe.
These past two weeks have been the most breath taking of all. First came the announcement of a planned redesign of the American Byzantine tax system, by the very thieves who used it to bankroll their thefts, loses and swindles of hundreds of billions of dollars. These make our Russian oligarchs look little more then ordinary street thugs, in comparison. Yes, the Americans have beat our own thieves in the shear volumes. Should we congratulate them?
These men, of course, are not an elected panel but made up of appointees picked from the very financial oligarchs and their henchmen who are now gorging themselves on trillions of American dollars, in one bailout after another. They are also usurping the rights, duties and powers of the American congress (parliament). Again, congress has put up little more then a whimper to their masters.
Then came Barack Obama's command that GM's (General Motor) president step down from leadership of his company. That is correct, dear reader, in the land of "pure" free markets, the American president now has the power, the self given power, to fire CEOs and we can assume other employees of private companies, at will. Come hither, go dither, the centurion commands his minions.
So it should be no surprise, that the American president has followed this up with a "bold" move of declaring that he and another group of unelected, chosen stooges will now redesign the entire automotive industry and will even be the guarantee of automobile policies. I am sure that if given the chance, they would happily try and redesign it for the whole of the world, too. Prime Minister Putin, less then two months ago, warned Obama and UK's Blair, not to follow the path to Marxism, it only leads to disaster. Apparently, even though we suffered 70 years of this Western sponsored horror show, we know nothing, as foolish, drunken Russians, so let our "wise" Anglo-Saxon fools find out the folly of their own pride.
Again, the American public has taken this with barely a whimper...but a "freeman" whimper.
So, should it be any surprise to discover that the Democratically controlled Congress of America is working on passing a new regulation that would give the American Treasury department the power to set "fair" maximum salaries, evaluate performance and control how private companies give out pay raises and bonuses? Senator Barney Franks, a social pervert basking in his homosexuality (of course, amongst the modern, enlightened American societal norm, as well as that of the general West, homosexuality is not only not a looked down upon life choice, but is often praised as a virtue) and his Marxist enlightenment, has led this effort. He stresses that this only affects companies that receive government monies, but it is retroactive and taken to a logical extreme, this would include any company or industry that has ever received a tax break or incentive.
The Russian owners of American companies and industries should look thoughtfully at this and the option of closing their facilities down and fleeing the land of the Red as fast as possible. In other words, divest while there is still value left.
The proud American will go down into his slavery with out a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snicker.
Stanislav Mishin
The article has been reprinted with the kind permission from the author and originally appears on his blog, Mat Rodina
What is so ironic about this article it was written by a Russian.
And I can assure you that he knows a little of something on how the isms work, whatever it shall be facsism, marxism or communism.
He is right the world will snicker.
Head or Gut? -
Gosh, we've been putzing around here for soooo long now, looking for some direction and some quality leadership to help drag us out of these tough times, and here he was, this Pravda writer himself, right under our noses all along! Making fun of Americans as "McDonalds eaters" is not only fresh, but certainly putting us on the right track for success!!
Be careful who you start listening to/siding with, T. You wouldn't want to be labeled UNAMERICAN, would you?
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http://english.pravda.ru/opinion/columnists/107459-1/
American capitalism gone with a whimper
27.04.2009 Source: Pravda.Ru URL: http://english.pravda.ru/opinion/columnist...an_capitalism-0
It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.
True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists.
Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters.
First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their "right" to choke down a McDonalds burger or a BurgerKing burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our "democracy". Pride blind the foolish.
Then their faith in God was destroyed, until their churches, all tens of thousands of different "branches and denominations" were for the most part little more then Sunday circuses and their televangelists and top protestant mega preachers were more then happy to sell out their souls and flocks to be on the "winning" side of one pseudo Marxist politician or another. Their flocks may complain, but when explained that they would be on the "winning" side, their flocks were ever so quick to reject Christ in hopes for earthly power. Even our Holy Orthodox churches are scandalously liberalized in America.
The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America's short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe.
These past two weeks have been the most breath taking of all. First came the announcement of a planned redesign of the American Byzantine tax system, by the very thieves who used it to bankroll their thefts, loses and swindles of hundreds of billions of dollars. These make our Russian oligarchs look little more then ordinary street thugs, in comparison. Yes, the Americans have beat our own thieves in the shear volumes. Should we congratulate them?
These men, of course, are not an elected panel but made up of appointees picked from the very financial oligarchs and their henchmen who are now gorging themselves on trillions of American dollars, in one bailout after another. They are also usurping the rights, duties and powers of the American congress (parliament). Again, congress has put up little more then a whimper to their masters.
Then came Barack Obama's command that GM's (General Motor) president step down from leadership of his company. That is correct, dear reader, in the land of "pure" free markets, the American president now has the power, the self given power, to fire CEOs and we can assume other employees of private companies, at will. Come hither, go dither, the centurion commands his minions.
So it should be no surprise, that the American president has followed this up with a "bold" move of declaring that he and another group of unelected, chosen stooges will now redesign the entire automotive industry and will even be the guarantee of automobile policies. I am sure that if given the chance, they would happily try and redesign it for the whole of the world, too. Prime Minister Putin, less then two months ago, warned Obama and UK's Blair, not to follow the path to Marxism, it only leads to disaster. Apparently, even though we suffered 70 years of this Western sponsored horror show, we know nothing, as foolish, drunken Russians, so let our "wise" Anglo-Saxon fools find out the folly of their own pride.
Again, the American public has taken this with barely a whimper...but a "freeman" whimper.
So, should it be any surprise to discover that the Democratically controlled Congress of America is working on passing a new regulation that would give the American Treasury department the power to set "fair" maximum salaries, evaluate performance and control how private companies give out pay raises and bonuses? Senator Barney Franks, a social pervert basking in his homosexuality (of course, amongst the modern, enlightened American societal norm, as well as that of the general West, homosexuality is not only not a looked down upon life choice, but is often praised as a virtue) and his Marxist enlightenment, has led this effort. He stresses that this only affects companies that receive government monies, but it is retroactive and taken to a logical extreme, this would include any company or industry that has ever received a tax break or incentive.
The Russian owners of American companies and industries should look thoughtfully at this and the option of closing their facilities down and fleeing the land of the Red as fast as possible. In other words, divest while there is still value left.
The proud American will go down into his slavery with out a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snicker.
Stanislav Mishin
The article has been reprinted with the kind permission from the author and originally appears on his blog, Mat Rodina
What is so ironic about this article it was written by a Russian.
And I can assure you that he knows a little of something on how the isms work, whatever it shall be facsism, marxism or communism.
He is right the world will snicker.
What is so ironic about this article it was written by a Russian.
And I can assure you that he knows a little of something on how the isms work, whatever it shall be fascism, Marxism or communism.
He is right the world will snicker.
The Russian writer hit the nail on the head. It is embarrassing to read, but true. All you liberal boys need to get yo head out yo asses and believe it. It seems that the more (SUPPOSED) education you have (mz the pussy 9 years, psych major (LMAO), and Kosar (Master-bater degree from CO State) are the most foolish on here, what do you think CAl, T, etc?
-
What is so ironic about this article it was written by a Russian.
And I can assure you that he knows a little of something on how the isms work, whatever it shall be fascism, Marxism or communism.
He is right the world will snicker.
The Russian writer hit the nail on the head. It is embarrassing to read, but true. All you liberal boys need to get yo head out yo asses and believe it. It seems that the more (SUPPOSED) education you have (mz the pussy 9 years, psych major (LMAO), and Kosar (Master-bater degree from CO State) are the most foolish on here, what do you think CAl, T, etc?
The Russian writer hit the nail on the head. It is embarrassing to read, but true. All you liberal boys need to get yo head out yo asses and believe it. It seems that the more (SUPPOSED) education you have (mz the pussy 9 years, psych major (LMAO), and Kosar (Master-bater degree from CO State) are the most foolish on here, what do you think CAl, T, etc?
How Un-American of you. Siding with a Rushkie? You're a commie, numb nuts. Sorry I shouldn't say nuts Col Fitts might get excited.
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@danamal said:
Col Fitts
There was never a better fit for diehard than that guy,cracks me up....
[/quote
More insults? Have we all the sudden become people who must ridicule one another? Is this what this board has become? I'm sad. I expected more from such educated people.
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@mr.-t said:
But I think they would follow this ManDo you have any fcuking idea how disrespectful this is, Bob? How may times does someone have to tell you just how over the line your Hitler shit is before you get it? I'm sure you realize that some of us here had family members murdered by that guy...right??
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Let me get this correctly - T spoke with you for help, at Al's suggestion, in a few PM's, and you use it
to slur and cheapshot T, since you know stuff about him in confidence?
I thought you would know better, mz the pussy.
Family attack cheapshots just because you can't handle what you dish out
is not allowed on this forum.
Did ahem, somebody tell you that you could break any rules around here?
Embarrass and hurt anyone no matter how low you had to hit them?
That's sad. I've defended you from personal family attacks, and now you go and do the same?
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So, you're mad at what he said about you, so you seemingly used your profession to
glean info and use that info against him? Do I have that right? Any cheapshot is fine, if you get mad?
I remember a slur vs your Wife, mz the pussy. I objected and emailed the person who joked about it.
You should apologize, that is glaringly unprofessional to use that information. As I understand it,
Al recommended T to you for advice on a personal subject. I doubt that Al will defend you now.
You should be ashamed at such a low hit on somebody. I don't believe even Heck will defend
this action of yours right now.
I personally had no idea you had family members die by the cruelty of the Nazis.
But you had infomation about T, and you used it out of spite anyways.
That is deliberate, and inexcusable in a really vicious way.
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I don't need anyone to defend me, cal. Everybody has a breaking point and I've reached mine with a few of you. I'm not sure how many times I needed to object to the ridiculous Hitler references, but obviously it wasn't enough.
I've since taken the offensive part of my post down.
Good day.
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Thank you. But breaking point or not, never attack someone's family.
Come mz the pussy, you should be the expert around here at knowing how to resolve
situations that come up. You certainly have had the training in your career field,
and I respect that. I just don't expect anyone to intentionally slam someone's family.
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Thank you. Come on, mz the pussy, I figure you've had some very serious training in
handling conflict situations etc, and I respect that greatly.
None of us is perfect, and any of us might get upset, but that's
all the reason to adhere to some basic rules, regardless.
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