winston smith wrote on June 03, 2009 08:31 PM: Gee Tip, thanks for the support. I too, have been watching Monsanto's disgusting treatment of farmers, and their attempt to control the U.S. food supply.

And here I thought Patrick was joking about consuming...

Tip wrote on June 03, 2009 05:00 PM: Winston Smith;

I have one word of support for you: MONSANTO! [ah, the beauty of engineered seeds.]

"The more we can consume the better our lives are."..gee, how come Patrick isn't rich like Warren Buffet who says such a believe ends up being a drain to ones sovereignty?

Hmmm? Google Buffet and tale of two islands...come back and discuss "comparative advantage" as viewed from the obligator's point of view.

Patrick wrote on June 03, 2009 04:48 PM: Winston Smith,

Nonsense, if being self-sufficient was the key to economic growth don't you think North Korea would be doing better than the U.S.

You are forgetting a key economic concept, discovered almost 200 years ago called "comparative advantage"

Let goods be produced where they are best able to produce them so that the maximum number of goods are created and the maximum number of needs are satisfied.

The goal isn't to be self sufficient but to be able to consume as many goods as possible. The more we can consume the better our lives are.

winston smith wrote on June 03, 2009 03:54 PM: The goal of the fascist/globalist banksters years ago was to destroy our independence, by making us interdependent with the rest of the world.

That can only be done by eliminating our ability to produce our own food, clothing, electronics, cars, etc., so we must get it from other places. To become a strictly service economy.

Two or three decades ago, if someone had suggested that in the future the U.S. would not make its own clothes or cars or food, they would have been considered crazy.

It is now beginning to come to pass...

Patrick wrote on June 03, 2009 02:51 PM: John F,

On commerce clause abuse by Dr. Walter William.

AngryCarOwner wrote on June 03, 2009 01:40 PM: Hah! GM invented "planned obsolesence". GM has stolen more money from American consumers over the years than you can shake a stick at. GMAC financing is a loan shark operation. Also stealing from the American public.

That the public steals GM back is an excellent example of karma. Too bad we waited until the pig was almost dead to do it.

Jon H. wrote on June 03, 2009 12:33 PM: John F wrote:

“I suppose the Constitutional justification for this can be found in both the interstate commerce clause and the general welfare clause of Article I, section 8, but that may be stretching things a bit.”

John F. from my point of view, historically that has been a problem, as politicians have been “stretching things a bit” to further their own agenda since the beginning of this country.

Today, the use of a crisis, even if the crisis needs to be created, appears to be Politics 101 for the current band of politicians in our Government today.

In a Democratically elected Constitutional Republic, the people have little control over those who have gained the levers of power of government. So when a politician, or political party, chooses to “stretch things a bit”, with regards to its powers . . . only the concept of separation of powers within the government can limit those powers.

But as I have observed with our two party political party systems, which is like two sides of the same collectivist coin, no “rule of law” separation of powers exists that will prevent the political abuse of power. The politicians want to take any and all power from the people. And let’s face the fact: They got the executive, legislative and judicial branches in the bag.

The servants of the people, the public sector, have in fact become the masters of the private sector.

So as patriotic citizens, the only power we have is to proclaim that we no longer offer our consent to be governed by those who actively are stripping away our property, liberty and freedoms.

From my point of view, our Government is illegitimate, as it does not follow the rule of law and it does not fulfill its Constitutional obligations.

Erick T wrote on June 03, 2009 12:29 PM: "Hello! Investors -- domestic and foreign alike-- have been thinking twice about investing in an American stock or bond long before this deal was made."

I note that as of right this minute, the Dow Jones is up 8% and the S&P up 15% since Obama was sworn in as president. Dow was 7949 and S&P was 805.22 at close January 20, 2009.

Imagine the US Pension Guarantee Corp having to make good on, what, 75% of all of GM and Chrysler pension obligations? WOW! US Taxpayer would be taking the haircut instead of the bondholder.

The Court of Appeal will do what is required under the law.

meh wrote on June 03, 2009 11:48 AM: Follow the money. If that doesn't work, follow the transfer of power.

meh wrote on June 03, 2009 11:48 AM: So who was appointed to head Government Motors, and by whom?

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