Barack Obama wants to politicize American industry. General Motors is giving him his first opening. The result will be corporate chaos and rule by commissar. Where are the Republicans when we need them?
Internet Powerhouse Andy Martin says General Motors should still file for bankruptcy Monday morning
For GM, the “knock at the door” came on Sunday; who’s next?
Andy says GM should thumb its nose at Barack Obama’s bailout and take its chances in the courts
ANDY MARTIN
Executive Editor
ContrarianCommentary.com
“Factually Correct, Not
Politically Correct”
FOR IMMEDIATE RELEASE:
Obama ousts GM’s leader, says Andy Martin; Who’s next?
Obamaland is starting to look more like a political dictatorship, in which anonymous “task forces” with their sole loyalty to the “maximum leader” take control of America’s economy
GM should file for bankruptcy Monday morning and thumb its nose at any more government aid
(NEW YORK)(March 30, 2009) Over three years ago I proposed that General Motors file for bankruptcy. No one was listening. Last November, I renewed my suggestion.
http://www.pr-inside.com/general-motors-should-file-for-bankruptcy-r904367.htm
GM executives thought a government bailout was preferable to bankruptcy. They are living to regret that strategy.
Sunday (March 29th) the “knock at the door” came for GM. Barack Obama announced he was effectively taking over the company by dismissing GM CEO Rick Wagoner. I am no admirer of Wagoner.
GM previously claimed “no one would buy a car from a company in bankruptcy.” Does anyone believe that people are going to buy cars from a company controlled by Barack Obama? Richard Nixon must be smiling. No one would buy a used car from him.
According to the New York Times, Wagoner was not “forced out.” He was just “asked to leave.” Yah sure. He was paid to go, and he was paid to keep quiet. Wait and see.
http://www.nytimes.com/2009/03/30/business/30auto.html?hp
Today (Monday) Obama announces his “rescue plan” for GM and Chrysler. These companies would be better off filing for bankruptcy Monday morning and thumbing their nose at Obama.
Obama, of course, has an “auto task force” (New York Times). That “task force” is assuming effective control of GM without due process of law and without the supervision and intervention of an independent judge. Is this what American business has come to?
In bankruptcy, all sides would be forced to follow established procedures and timetables. There are strict laws and rules barring improper influence and secret dealing. In Obama’s “court” there is but one law, and that law is the rule of the Emperor Obama.
Is there any doubt that under Obama’s maladministration GM will be paralyzed and eventually populated by political commissars? That the very eventuality GM sought to flee, bankruptcy, will ultimately arrive? There is no doubt at all. None whatsoever.
General Motors faces two problems: inflated wages and benefits, and federal laws mandating the sale of high-mileage cars. Labor is not going to surrender without a fight, no matter what Obama says. Likewise, companies need to build what they can sell, not what bureaucrats order them to manufacture.
The auto crisis reflects a classic situation where “free market” principles are infinitely preferable to rule-by-bureaucrat.
Some people want small cars. They should be free to buy them from auto companies that are free to sell them. I want a large car, not a teakettle. I should be free to buy one without the company being penalized for selling me what I want. I trust the marketplace more than I trust Obama & Co.
My sympathies are with the men and women on the shop floor, not with the big shots in the executive suite. Ordinary hourly workers have been betrayed at every level of leadership. I may be a Republican, but I am a pro-labor Republican. I believe in supporting working families. Wall Street’s hedge funds looted America. Now, as the nation lies prostrate, Obama’s maggots are seeking to devour the carcass.
Workers are suffering. Tax cuts are not the solution for the automobile industry. Free markets are. Paychecks are. Freedom of choice is.
Bankruptcy would offer GM management a considerable measure of control. The claim that no one will buy a new car from a bankrupt company is nonsense. Some people won’t. But I wouldn’t give the issue a second thought.
In any event, GM’s analysis was and is flawed; sooner or later, the company is going bankrupt. Labor and capital, workers and investors, are not going to walk away from their claims without a fight; that fight will have to be conducted in a court of law, not in Obama’s private chambers.
The “new” GM and Chrysler will be somewhat different from their predecessors. Wages and benefits will be equalized with foreign-owned plants. American workers will become more competitive, not less, in a bankruptcy process. Left alone, Obama, who was elected as the champion of labor, will ultimately deal a death blow to the UAW. No surprise there, either. By law courts must protect the interests of all stakeholders, not just creditors.
Whether GM acts prudently, and files for bankruptcy Monday, or delays the inevitable while it dithers with bailout funds for a few more weeks, makes no different in the long run. People worked hard to acquire their jobs, benefits and creditor claims. They are not going to surrender their stakes without a fight. In America, fights of this type are sorted out in a bankruptcy court, not Barack Obama’s back pocket. Stakeholders are entitled to a free and open courtroom, not the closed doors of a politically-appointed “task force” accountable to no one.
So, File the Bankruptcy Petition! I can understand why Obama wants to play games with America’s economy. I can’t understand why GM’s management is playing along with Obama’s suicide pact. Rick Wagoner should have told Obama take a jump. Instead, he wimped out and quit. Great leader, he.
Truthfully? Labor will do better under a straight bankruptcy. And so will lenders and investors. And so will every American.
I don’t care whether Mr. Wagoner’s job is saved, or not. But anyone with a sliver of common sense should see bankruptcy is the only option; government bailouts are ultimately going to destroy and dismember, not save, GM and Chrysler.
Why am I right? Because a bankruptcy filing by GM’s management would call the government’s bluff. Obama wants to appear to be a “friend of labor,” even though he is not a friend of labor. The bailout process is not transparent; by its very nature the “auto task force” is the type of secret organization that U.S. Senator Robert Byrd has been railing against. The “task force” appears to be beyond the control of congressional oversight. Only in open court can the parties fight out their differences and arrive at a solution that leads to recovery or liquidation.
If GM managers don’t have the guts to make the tough choice and file for bankruptcy, they will all be replaced, one by one, by Obama’s commissars. Sunday, the knock at the door came for Rick Wagoner. Who’s next?
I was right in 2005 when I published my pioneering analysis of the automobile industry. I am still right.
FOOTNOTE: A tip of the hat to the University of Illinois Economics Department, and UI College of Business, for training me in business and economic analysis. They taught me well.
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Readers of Obama: The Man Behind The Mask, say the book is still the only gold standard and practical handbook on Barack Obama’s unfitness for the presidency. Buy it.
Book orders: Amazon.com or http://OrangeStatePress.com. Immediate shipment from Amazon.com or signed copies (delayed for signing) from the publisher are available.
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URGENT APPEAL: The Committee of One Million to Defeat Barack Obama is raising money to oppose President Barack Obama.
www.NationalConferenceOnObama.blogspot.com
http://CommitteeofOneMilliontoDefeatBarackObama.com.
Please give generously. Our ability to fight and defeat Barack Obama is directly dependent on the generosity of every American.
“The Committee of One Million to Defeat Barack Obama has no bundlers, no fat cats and no illegal contributions. Obama is opposed to everything America stands for,” says Executive Director Andy Martin. “But while Obama has raised an almost billion dollar slush fund, his opponents have not been able to raise sufficient resources. Americans can either contribute now, or pay later. If we do not succeed, Obama will.”
E-mail: contact@CommitteeofOneMilliontoDefeatBarackObama.com
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Andy Martin is a legendary Chicago muckraker, author, Internet columnist, radio talk show host, broadcaster and media critic. He has over forty years of broadcasting experience in radio and television and is the dean of Illinois media and communications. He is currently promoting his best-selling book, Obama: The Man Behind The Mask. Andy is the Executive Editor and publisher of www.ContrarianCommentary.com.
Martin comments on regional, national and world events with over four decades of experience. He holds Economics and Juris Doctor degrees from the University of Illinois and is a former adjunct professor of law at the City University of New York. He is an announced candidate for Barack Obama’s former U. S. Senate seat.
UPDATES: www.twitter.com/AndyMartinUSA
His columns are also posted at ContrarianCommentary.blogspot.com; contrariancommentary.wordpress.com.
[NOTE: We frequently correct typographical errors and additions/subtractions on our blogs, where you can find the latest edition of this release.]
MEDIA CONTACT: (866) 706-2639 or CELL (917) 664-9329 (not always on)
E-MAIL: AndyMart20@aol.com
© Copyright by Andy Martin 2009.
Obama invited to Washington, DC “birth certificate” conference April 3-4
March 30, 2009Obama author Andy Martin extends a warm welcome to President Obama to participate in a conference devoted to obtaining access to Obama’s birth certificate and college records. Martin says that Obama should act in a spirit of generosity and release both his birth and college records. Martin says the mainstream media’s use of the term “birthers” is inaccurate. Obama’s opposition is led by “Doubters,” whom Martin compares to “Doubting Thomases.”
National Conference on Barack Obama’s Missing Birth Certificate and College Records April 3-4
Committee of One Million to Defeat Barack Obama
Headquarters mail:
Andy Martin, J. D.
Professor of Law (Adj.)
Executive Director
Post Office Box 1851
New York, NY 10150-1851
Tel. (866) 706-2639
Fax (866) 707-2639
http://NationalConferenceOnObama.blogspot.com
twitter.com/AndyMartinUSA
FOR IMMEDIATE RELEASE:
March 30, 2009
Conference updates:
1. Obama invited to attend or participate in conference
We have invited President Obama to attend or participate in the Conference. Because he will be outside the United States he would obviously have to send a representative. A copy of the letter inviting the president follows this update.
2. Taping and recording the conference
One person is already making arrangements to tape the conference, for later editing and broadcast on the Internet. Others have also expressed a desire to tape, edit and post. If you wish to videotape or audio record the conference please let us know in advance. As of now, we don’t see any problem with multiple cameras or tape recorders. If you want to donate an AV PA system, please do.
3. We need money; please send
Because registrations will be coming in up to March 31st, we have no idea how many people will be attending. The nominal $10 registration fee will not cover the costs of increasing our space in a major hotel three blocks from the White House.
If you would like to make an online contribution to help defray the costs of the Conference please donate at:
http://CommitteeofOneMilliontoDefeatBarackObama.com.
You can also send a check to me at the Conference registration address in New York (see above).
In either case, just mark your check “conference expenses” or send us a separate e-mail if you make an online donation, and we will only use your donation to defray the costs of the Conference. If attendance exceeds expectations, we will need a quick thousand dollars to move to a larger room.
Please help if you can.
4. Second reminder on local contact number, etc.
As soon as we have occupied our space at the Capital Hilton, we will issue an e-mail and twitter.com update. My cell-phone will be your phone contact. (917) 664-9329; please make a note of it. Usually I do not have my cell phone on all the time, but it will be on constantly starting April 2nd.
5. The “Big Surprise”
We have had more e-mails with people expressing their opinions on what the “Big Surprise” will be on April 4th. You are welcome to submit your guess. We will try to recognize the winner, if there is one.
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National Conference on Barack Obama’s Missing Birth Certificate and College Records April 3-4
Committee of One Million to Defeat Barack Obama
Headquarters mail:
Andy Martin, J. D.
Professor of Law (Adj.)
Executive Director
Post Office Box 1851
New York, NY 10150-1851
Tel. (866) 706-2639
Fax (866) 707-2639
March 30, 2009
President Barack Obama
The White House
Washington, DC 20500
via fax (202) 456-2461
Dear President Obama:
I am writing to invite you to attend the National Conference on Barack Obama’s Missing Birth Certificate and College Records.
You are of course welcome to send an aide or representative in your stead.
While it may seem unusual to invite you to attend a meeting questioning your provenance and college records, I believe there are good reasons for you to want to participate. Our invitation reflects that the conference is open (subject to nominal registration requirements) to the public. It will probably be recorded and broadcast on the Internet. Our conference will be devoted to searching for the truth and facts, not devoted to personal attacks.
I note, parenthetically, that out of all of the persons who questioned your qualifications in 2008, I was the only one that you sent Mr. Gibbs out to attack by name. I consider that testimony to the fact that I was using fair and impartial scholarly research techniques to search for the truth. My research and writing probably cost you millions of votes, although it did not cost you the presidency. I certainly cost you a bigger landslide. And I am not going away. I am working on a second book, pursuing my litigation and energizing my research, all with the spirit of openness and honesty that has always been my hallmark over the decades.
Finally, while the “mainstream media” have declared you a ”natural born citizen,” it is undeniable that a significant number of Americans have rejected the media’s preemptory diktat. My guess is that the number of “Doubters” is far larger than you or your media acolytes care to admit. The mainstream media make fun of the people they call “birthers,” but as I point out below in this letter these citizens are merely “Doubters.” There is room for doubt. I know it and you know it.
Since you yourself have said you are devoting attention to non-traditional channels of communication, I would think you would want to quell rumors and suspicions. “Doubters” include Democrats, Republicans and independents.
As you are no doubt aware, I have pending litigation in Hawai’i seeking access to your original, typewritten 1961 birth certificate. Why not surprise everyone by sending someone to the Conference with a written, notarized authorization directing Hawai’i officials to release that document? It would show a spirit of openness and confidence on your part that has been lacking in the past. And what about access to the college records?
I met David Axelrod over 30 years ago, when he was still working for a living at the Chicago Tribune. Your media advice is in capable hands. Nevertheless, given that you are physically in the White House, it would seem to me you would want birth and college information released at the earliest opportunity. That’s my opinion.
Here are details about the conference in case you wish to confirm your appearance or the appearance of a representative:
1. Location
We have reserved a room at the Capital Hilton to serve as our headquarters. That will act as our initial point for meeting and information. The Capital Hilton is located a short walk from the White House at 1001 16th Street, NW, just in case we decide to march or demonstrate.
2. Conference agenda
The Conference Agenda and all of the other information concerning the conference is posted on our blog, www.NationalConferenceOnObama.blogspot.com. We are updating as new information becomes available.
3. All are welcome—but please bring evidence, not illusions
Anyone is welcome to register and attend. But if people want to express theories, we are requiring them to bring some rational, tangible evidence to support their claims about you. Why not trump all of this speculation with a bona fide gesture of generosity on your part?
4. Confronting your Doubters
The Easter story tells us that Jesus returned to his followers, but the Apostle Thomas was absent. Thomas demanded “proof” of the Lord’s reappearance. Jesus then reappeared and told Thomas to touch his wounds. If the Lord himself was forced to confront doubts about his authenticity, who can say that doubts about your absent original birth certificate and college records are inappropriate? Aren’t you strong enough in the spirit, yet, to confront your own “Doubting Thomases?” or “Doubting Americans?”
As a lawyer, writer and political reformer I have always had but one polestar: the truth. In a spirit of truth-seeking I extend a warm invitation for you to participate in our conference.
With best wishes,
ANDY MARTIN
EXECUTIVE DIRECTOR
AM:sp
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