Tag Archives: US Auto Bailout

Episode 39 – GM, Lies and Audiotape


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Glenn, who has been calling for GM to go into bankruptcy since December 2008, and Jeff de-bunk the spin surrounding GM’s bankruptcy during Episode 39. They explain what this really means for consumers, why you shouldn’t be worried about buying a GM car, and why you should be worried now that the federal government owns 60% of the “new” GM.  Even as a progressive Democrat, Jeff worries about the federal government over-reaching in trying to protect GM, and wonders if thee company is too big to fail. Listen as the wheels come off Illinois Sen. Burris’ lame defense of his indefensible claims under oath regarding his appointment to President Obama’s Senate Seat. Glenn and Jeff peel back the ugly truth behind fundraising and lobbying, and offer a new context to understand the Burris situation. Ending with passion, they both enthusiastically endorse Congressman Sestak’s bid for the Democratic Senate nomination in Pennsylvania, taking on flip-flopping Sen. Arlen Specter. They probe Pennsylvania Gov. Rendell’s harsh comments towards Sestak made on MSNBC’s Ed Shultz Show in which he boasted that Sestak would get “killed” in a primary and would end up in political oblivion for challenging Specter, and that he best just keep his Congressional seat. Jeff reminds listeners that President Obama was in the same exact situation when he took on then Sen. Hillary Clinton, and wonders why Senate Democrats and the people of Pennsylvania wouldn’t want a member of the Democratic caucus who is loyal and dependable, unlike Specter. So much intrigue to read through, so many lies and distortions to unfold. It’s another great episode of PoliTalk — always informative and entertaining — it’s your weekly political podcast.

Listen to the current installment of PoliTalk and get yourself informed, inspired, entertained and ready for the day… spread the word… tell two friends, and so on and so on…

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Michael Moore on GM


For all of my good friends on the Left, I submit to you the words of Michael Moore in the context of what to do now that GM is in Bankruptcy and the Federal Government is now the largest shareholder.

My point is, why not spend the money—I mean, this is our taxpayer dollars.  The first priority I would want done with my tax dollars is to preserve those jobs—because if you throw them out of work, we end up paying for that anyways, whether it‘s unemployment or welfare or all the social problems that will occur when people become poor.  That will be a cost down the road. So, why not just spend that $30 billion right now?  Keep those people employed.  And then do like Franklin Roosevelt and say, “You know, next month, I want you to stop building cars and I want you to start building this.”  And that‘s what happened here in Flint at the beginning of World War II. My questions to Michael Moore are:

  • Let’s say we spend the $30 billion to keep everyone employed building cars that nobody is buying… then what?
  • Does our government now decide what is built at GM?
  • Does our government convert this to a train manufacturing plant and if so who will but the train?
  • Where will the innovation come from?
  • Do we think a centralized government board will build a better anything over a competing marketplace?

Last time I checked, a centralized market system was called communism.

The reason why GM failed and is in bankruptcy is because it could not compete. The market (the Amercan People and the rest of the World) have decided that they will not buy GM products in large enough volume to support the company. Do we really think the Government can do this better? I think not. Maybe you should focus your next movie on asking the American People what kind of cars they would buy and what it would take for them to buy that car. Maybe then, GM might have a chance to survive by building what the Market demands. – Glenn

Episode 31 – GM Driven to the Brink


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What we have in GM and its bailout is a failure of imagination, a failure to communicate and a failure of execution. At PoliTalk, we keep our egos in check, but we take pride in bringing our substantial experience in politics and business to bear in communicating what’s really going on in Washington, and what it means for us. To this end, kudos to Glenn for predicting exactly what happened this weekend with GM months ago. In this episode, Glenn continues to call for GM to go into bankruptcy. Jeff and Glenn also speak passionately about the double standard being applied, where auto execs get fired and workers are asked to renegotiate their contracts, but financial services execs keep their jobs, and their bonuses, and we’re told their employees get to keep their bonuses because they were under contract. They also explain why Alberto Gonzolez won’t be traveling to Spain anytime soon, and why Sarah Palin may not be including John McCain on her Christmas Card list. Get the real scoop here on PoliTalk: the place where political insiders come to get the outside the beltway view on how their politics and policy gets traction, and where those on the outside come to get a real inside view on politics and policy in Washington. Always informative, entertaining and authentic, it’s  PoliTalk, featuring Glenn Gaudet and Jeff Kimball — two seasoned political and business pros.

Listen to the current installment of PoliTalk and get yourself informed, inspired, entertained and ready for the day… spread the word… tell two friends, and so on and so on…

You can get the PoliTalk Podcast from Podcast.com and iTunes.

Episode 25 – Surviving Self-Stimulation


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Now that the Stimulus package is signed into law, what happens next? What does this mean for us and the US economy? With $2.5 trillion taken out of the economy due to failing industries, will the $700 billion stimulus help, or do we have to deal with other issues? Glenn and Jeff talk about the pillars of the US economy that must be dealt with for the economy to recover…the auto, energy and finance  industries. They also talk about why Sen. Burris needs to resign, how to deal with the use of steroids in baseball, and why New Hampshire’s possible efforts to limit alcohol use in bars to one drink per hour is a horribly bad idea. Episode 25 is packed with lots of laughs and plenty of information. Listen to Glenn and Jeff on PoliTalk — see why people are calling them the Car Talk of Politics — and get an unbiased, informative, entertaining view of what’s happening today. news and information — from two guys you’ll enjoy listening to, rather than the screaming matches you hear every night on political talk TV..

Listen to the current installment of PoliTalk and get yourself informed, inspired, entertained and ready for the day… spread the word… tell two friends, and so on and so on…

You can get the PoliTalk Podcast from Podcast.com and iTunes.

Episode 20 – Starting the New Year with a Bang


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Most people ease into the new year. At PoliTalk, we jump right into it. From the legality and ethics of the Burris Senate appointment, to the wisdom of the Richardson and Panetta nods to the morality of war in Gaza, there isn’t an issue that Glenn and Jeff aren’t afraid to tackle. But unlike the screaming theater that is pretty much every other political talk show, Glenn and Jeff offer up their brand of talk in a genuine, irreverent even humble manner. Rather than the next breed of political talk show, they’re more like the “Car Talk” of Politics.  Tune in and then spread the word. Welcome to the next generation of political talk: PoliTalk.

Listen to the current installment of PoliTalk and get yourself informed, inspired, entertained and ready for the day… spread the word… tell two friends, and so on and so on…

You can get the PoliTalk Podcast from Podcast.com and iTunes.

Episode 18 – Shoe-a-cide Watch


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An Iraqi reporter hurled a shoe at George Bush in a fit of frustration, while Jeff and Glenn hurl all they’ve got at the Washington Elite in the 18th Episode of PoliTalk. Unlike the Iraqi, however, the PoliTalk guys hit their mark this week: Illinois Governor Rod Blagojevich for his outlandish fraud; Caroline Kennedy for her lack of credentials (does it really matter); the “Big 3” car companies for ponying up to the trough, and the politicians for filling it; Bernie Maddoff for his unbelievable, unscrupulous $50 billion ponzi scheme that hurt countless innocent people, and the makers of really bad television for leaving Glenn and Jeff off the political talk circuit for yet another week.  Get your real political analysis here at PoliTalk.

Listen to the current installment of PoliTalk and get yourself informed, inspired, entertained and ready for the day… spread the word… tell two friends, and so on and so on…

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Episode 17 – Survival of the Weakest


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Elected officials again show profiles in political weakness by buckling to pressure to bailout the big 3 auto manufacturers. As if the lessons of the financial bailout weren’t disastrous enough (fool me once, shame on you, fool me twice, shame on me…). As if caught in a web of bizarre reverse Darwinism, only the weak shall survive. If you’re strong enough to run your business well, you only have to worry about banks freezing credit, the economy crippling your business and making ends meet. But if you fail spectacularly, I mean really, really badly, well, then you are rewarded. John Thain, CEO of Merrill Lynch, is reportedly seeking at $10 million bonus this year.

The car makers, who have essentially run their dinosaur-of-a-business into the ground, are now seeking $35 billion in federal money to prop them up.  AIG… well, we know the story there. So the lesson to all you kids out there: don’t work too hard, take your private jets whenever possible, seek out-of-this-world compensation for something you really haven’t done, and if you fail, don’t worry, the federal government will be there to bail you out. But if you’re one of those who live lives of quiet desperation, who live a decent, unremarkable life, but maybe you’re on the brink of financial disaster — you get screwed. Welcome to the new world economy. We’re mad as hell, in a funny, intellectually, riotous, quirky, lovable kind of way. You’ll laugh, you’ll cry, you’ll ask for more. Catch the latest episode of PoliTalk: where politics and policy meet real people.

Listen to the current installment of PoliTalk and get yourself informed, inspired, entertained and ready for the day… spread the word… tell two friends, and so on and so on…

You can get the PoliTalk Podcast from Podcast.com and iTunes.