Black Self-Rule

If one is unfortunate enough to have to hear the rantings of the “Black Community” and their ever-jabbering grievance-mongers that front for them, one is going to hear a lot about “the two Americas.” They hoot and holler nigh on constantly about “White America” and “Black America” and how the former does nothing but oppress and disenfranchise the latter. All of this rhetoric has a strong undercurrent of the same anger and hatred that the Africans displayed towards their Colonial masters during the 18th and 19th centuries.

It’s possible, however, that this undercurrent has a logical basis, because Black self-rule in America bears a sad and shocking resemblance to Black self-rule in their home continent of Africa, Detroit, MI being the sinking, broke-back flagship example of this.

Post-Colonial Detroit - Black Self-Rule in actionPost-Colonial Detroit Circa 2012

When Detroit was under White governance the city was one of the economic beacons of America but then the Blacks took over the ruling of the city. They systematically changed the laws, ordinances, regulation, and general tenor of the Detroit into an “Afrocentric” mecca and drove the Whites out of the city by making it an untenable and hostile environment.

Now Detroit is a bankrupt urban wasteland, with large swaths of the city literally abandoned and lacking all services – even streetlights. The police department has even been talking about concentrating the population into a zone where they can be defended and protected from the scavengers and criminals skulking in the surrounding ruins.

Yeah, that’s pretty much a direct parallel to what happened in Africa when the White colonial powers left and the Blacks there attained self-rule.

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The New GM

General Motors filed for Chapter 11 bankruptcy protection Monday, June 1, 2009, as part of President Obama’s plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government.

Obama’s plan is for the federal government to take a 60% ownership stake in the new GM (Government Motors?). The Canadian government would take 12.5% of the company. The United Auto Workers Union (UAW) would be granted a 17.5% share and unsecured bondholders receiving a mere 10% holding. All existing GM shareholders are expected to be wiped out and to lose all of their investments.

So Americans, under the rule of President Obama are now left with an important question:

Would you buy a new or used car from this man?
Would You Buy A Car From This Man?

Of course I could say that the question was largely moot. Obama is set to take ownership of both GM and Chrysler through his control of their bankruptcy proceedings and his control over the US financial sector; American will be left with few choices except to purchase cars from Obama and his government agencies.

On the bright side though, GM and Chrysler – possibly to be combined into a single Government Motors, People’s Motors, or Obama Motors – will have the benefit of both the largest advertising budget in history and the consummate snake oils salesman / used car salesman in America’s history as their spokesman. 😉

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Obama Motors?

How could President Obama make sure that he and his administration achieve their agenda for the American automotive industry’s restructuring? While his government now “owns” major interests in GM and Chrysler, they’re both still technically private companies that can set their own policies.

The easy answer is for Obama and his government is to use American tax dollars to start a new automobile manufacturer and buy out the remaining healthy assets of GM and/or Chrysler. Apparently that is what he is planning on doing!

President Obama's new GM - Government Motors
Driving America To The Edge…And Beyond

Many Americans feared that the Automobile Bail-Out would lead to nationalization of the Americans auto industry. In response to those fears, the Liberals heaped scorn upon the concerned. Sadly for America, it looks like we were right to be afraid. Welcome to Obama Motors.

NEW YORK, May 19 (Reuters) – General Motors Corp’s (GM.N) plan for a bankruptcy filing involves a quick sale of the company’s healthy assets to a new company initially owned by the U.S. government, a source familiar with the situation said on Tuesday.

Supposedly it’s GM’s plan, but it’s Obama and his Liberals who have the money – our money – that GM needs to survive – so who’s deciding what going happen? The government under Obama, that’s who. America has already heard about how Obama and his team are controlling the Chrysler pseudo-bankruptcy.

Of course this new company – Obama Motors? Government Motors? USSA Auto? – won’t be wholly owned by the US government. They’ll be splitting it with the UAW, but the government will likely hold the majority of control.

The government’s plans include giving stakes in the new company to GM’s union and bondholders, although the ownership structure of the company is still being negotiated, said the source who is familiar with the company’s plans.

~*~

The board of the new company would be established with the tacit approval of the government. Fritz Henderson, who took the helm of GM earlier this year after the government pushed out Rick Wagoner, would likely head the new company, the source said.

There’s not that much else to say on this topic other than this is a very bad thing for America and it is very likely to come to pass.

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Car Troubles

Having car troubles – i.e. having your automobile malfunction – is a royal pain in the ass. Nobody likes it, except the mechanics of course. They get paid to find and fix those problems.

Car Trouble - Obama and UAW wreck US autos
Mechanic – I found your problem

Of course, sometimes finding out what the problem is doesn’t mean that it’s fixable. This is often the case when one either uses substandard parts to start with or adds shoddy after-market modifications conceived of in the 3rd-World. 😉

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Capitulate Or Die

Capitulate to Obama’s will, whims, and desires or be destroyed, that seems to be the modus operandi for America’s First Black President and his Chicago-style regime. Do as he says, irrespective of laws, contracts, or your own best interests and responsibilities, or be destroyed by the regime and/or its propaganda corps.

A leading bankruptcy attorney representing hedge funds and money managers told ABC News Saturday that Steve Rattner, the leader of the Obama administration’s Auto Industry Task Force, threatened one of the firms, an investment bank, that if it continued to oppose the administration’s Chrysler bankruptcy plan, the White House would use the White House press corps to destroy its reputation.

— John Tapper
ABC News – Political Punch

The White House, in the person of White House deputy press secretary Bill Burton, denied the claim that President Obama’s Auto Industry Task Force threatened to use the Press Corps to destroy the reputation of Perella Weinberg Partners LP.

Right; they deny the charge, but does anyone with any sense or with love for America believe them? This is exactly the same strong-arm tactic of intimidation that they’ve used before.

Their denial falls flat in the face of the truth, as can be seen by President Obama’s own words on Thursday, April 30, 2009, when Obama revealed his plan for Chrysler.

While many stakeholders made sacrifices and worked constructively, I have to tell you some did not. In particular, a group of investment firms and hedge funds decided to hold out for the prospect of an unjustified taxpayer-funded bailout. They were hoping that everybody else would make sacrifices, and they would have to make none. Some demanded twice the return that other lenders were getting. I don’t stand with them.

— President Obama
Remarks By The President On The Auto Industry

Those stakeholders who “made sacrifices and worked constructively” are: JP Morgan Chase, Citigroup, Morgan Stanley, and Goldman Sachs. Together they are owed approximately 70% of Chrysler’s debt and had already agreed to participate with the administration’s plan, which comes as no surprise to anyone who’s been following politics and the US economy. All four financial institutions are recipients of up to $100 billion each in federal government bailout funds (TARP) and they’ve all seen what happened to AIG and its employees.

While Obama’s not a Muslim – it’s doubtful he accept any authority greater than himself – he follows a twisted variation of their principles. To him, there are only Dar al-Obama and Dar al-Harb.

According to Thomas Lauria, Global Practice Head of the Financial Restructuring and Insolvency Group at White & Case, the boutique investment bank Perella Weinberg Partners were willing to take 50 cents on the dollar from Chrysler for their debt – which, it should be noted, is similar to what they would receive under an interfered with bankruptcy proceeding.

That’s apparently not good enough for Obama and his cabal though; they demand absolute submission to their will and are more than willing to use any means at their disposal to punish and, if needs be, destroy their opposition and silence any dissent.

Obama and his Liberal coterie will probably get away with it too, which is an atrocity and a crime against America in and of itself. They’ve made good use of the Race Card and have – with the eager collusion of the MSM –  done a masterful job of fomenting Class Warfare in America.  This has and will continue to allow them to attack and destroy any financial institutions or other large corporations in America with near impunity.

This means that  President Obama has an easy time painting firms like AIG , Perella Weinberg Partners, and others as greedy, divisive, and contrarian. After all, they’re  just a bunch of “evil, old, rich, White men.” The dark heart of Obama’s constituency has long desired to see them destroyed and their wealth redistributed.

… And of course any dissent with his agenda will be decried as Racist.

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