Thanks again, YOLO
Saturday, June 06, 2009
Another stupid fucking law passes the ASSembly
MEASURE: AB 962
AUTHOR: De Leon
TOPIC: Ammunition.
DATE: 06/03/2009
LOCATION: ASM. FLOOR
MOTION: AB 962 DE LEON
Assembly Third Reading (AYES 42. NOES 31.) (PASS)
AB 962, as introduced, De Leon.
Ammunition transfers.
Existing law requires the Department of Justice to maintain records pertaining to firearms transactions. This bill would require the department to maintain additional information relating to ammunition transfers and licensed handgun ammunition vendors, as specified. Existing law generally regulates the sale of ammunition. This bill would establish a program administered by the Department of Justice for licensing handgun ammunition vendors, as specified. The bill would establish a database maintained by the department to serve as a registry of handgun ammunition vendors. This bill would require that commencing July 1, 2010, unless specifically excluded, no person shall sell or transfer more than 50 rounds of handgun ammunition in any month unless he or she is registered as a handgun ammunition vendor, as defined. The bill would also require these vendors to obtain a background clearance for those employees who would handle ammunition in the course and scope of their employment. The bill would require the Department of Justice to maintain a registry of registered handgun ammunition vendors, as specified. Violation of these provisions, as specified, would be amisdemeanor. By creating a new crime, this bill would impose a state-mandated local program. The bill would also provide that no retail seller of ammunition shall sell, offer for sale, or display for sale, any handgun ammunition in a manner that allows that ammunition to be accessible to a purchaser without the assistance of the retailer or employee thereof. The bill would further provide that handgun ammunition may only be purchased in a face-to-face transaction and only if certain conditions exist. Existing law generally regulates what information is required to be obtained in connection with the transfer of ammunition. This bill would, subject to exceptions, commencing July 1, 2010,require certain ammunition vendors to obtain a thumbprint and other information from ammunition purchasers, and would require submission of that information to the Department of Justice, as specified. A violation of these provisions would be a misdemeanor. This bill would provide that a person enjoined from engaging inactivity associated with a criminal street gang, as specified, would be prohibited from having under his or her possession, custody, or control, any ammunition. Violation of these provisions would be a misdemeanor. The bill would prohibit supplying or delivering, as specified,handgun ammunition to prohibited persons, as described, by persons or others who know or by using reasonable care should know that the recipient is a person prohibited from possessing ammunition. Violation of these provisions is a misdemeanor with specified penalties.
AUTHOR: De Leon
TOPIC: Ammunition.
DATE: 06/03/2009
LOCATION: ASM. FLOOR
MOTION: AB 962 DE LEON
Assembly Third Reading (AYES 42. NOES 31.) (PASS)
AB 962, as introduced, De Leon.
Ammunition transfers.
Existing law requires the Department of Justice to maintain records pertaining to firearms transactions. This bill would require the department to maintain additional information relating to ammunition transfers and licensed handgun ammunition vendors, as specified. Existing law generally regulates the sale of ammunition. This bill would establish a program administered by the Department of Justice for licensing handgun ammunition vendors, as specified. The bill would establish a database maintained by the department to serve as a registry of handgun ammunition vendors. This bill would require that commencing July 1, 2010, unless specifically excluded, no person shall sell or transfer more than 50 rounds of handgun ammunition in any month unless he or she is registered as a handgun ammunition vendor, as defined. The bill would also require these vendors to obtain a background clearance for those employees who would handle ammunition in the course and scope of their employment. The bill would require the Department of Justice to maintain a registry of registered handgun ammunition vendors, as specified. Violation of these provisions, as specified, would be amisdemeanor. By creating a new crime, this bill would impose a state-mandated local program. The bill would also provide that no retail seller of ammunition shall sell, offer for sale, or display for sale, any handgun ammunition in a manner that allows that ammunition to be accessible to a purchaser without the assistance of the retailer or employee thereof. The bill would further provide that handgun ammunition may only be purchased in a face-to-face transaction and only if certain conditions exist. Existing law generally regulates what information is required to be obtained in connection with the transfer of ammunition. This bill would, subject to exceptions, commencing July 1, 2010,require certain ammunition vendors to obtain a thumbprint and other information from ammunition purchasers, and would require submission of that information to the Department of Justice, as specified. A violation of these provisions would be a misdemeanor. This bill would provide that a person enjoined from engaging inactivity associated with a criminal street gang, as specified, would be prohibited from having under his or her possession, custody, or control, any ammunition. Violation of these provisions would be a misdemeanor. The bill would prohibit supplying or delivering, as specified,handgun ammunition to prohibited persons, as described, by persons or others who know or by using reasonable care should know that the recipient is a person prohibited from possessing ammunition. Violation of these provisions is a misdemeanor with specified penalties.
FUCK YOU, OBAMA
RIYADH, Saudi Arabia – Opening a mission to write a new chapter on Islam and the West, President Barack Obama consulted Wednesday with the Saudi king "in the place where Islam began," prelude to a high-stakes speech in Egypt meant to ease long-held Muslim grievances against the United States.
The son of a Kenyan Muslim who lived part of his childhood in Muslim-majority Indonesia, Obama planned what aides called a "truth-telling" address on Thursday, aimed directly at the world's 1.5 billion Muslims. Many harbor animosity toward the U.S. over its staunch support for Israel, its terrorist-fighting policies and the wars in Iraq and Afghanistan. Many Americans, likewise, formed negative perceptions of the Muslim world after the 9/11 attacks.
The son of a Kenyan Muslim who lived part of his childhood in Muslim-majority Indonesia, Obama planned what aides called a "truth-telling" address on Thursday, aimed directly at the world's 1.5 billion Muslims. Many harbor animosity toward the U.S. over its staunch support for Israel, its terrorist-fighting policies and the wars in Iraq and Afghanistan. Many Americans, likewise, formed negative perceptions of the Muslim world after the 9/11 attacks.
Gee, I wonder why we have such a negative image of muslims? Could it be the bombing of the American Embassies all over the mideast and Africa? The bombing of the Marine Barracks? The attack on the USS Cole? The beheadings of Americans? The attack on the World Trade Center - twice?
And you want to make friends with these motherfuckers????
Kiss my ass!
Molon Labe
Molon labe
(mo-lone lah-veh)
Two little words. With these two words, two concepts were verbalized that have lived for nearly two and a half Millennia. They signify and characterize both the heart of the Warrior, and the indomitable spirit of mankind. From the ancient Greek, they are the reply of the Spartan General-King Leonidas to Xerxes, the Persian Emperor who came with 600,000 of the fiercest fighting troops in the world to conquer and invade little Greece, then the center and birthplace of civilization as we know it. When Xerxes offered to spare the lives of Leonidas, his 300 personal bodyguards and a handful of Thebans and others who volunteered to defend their country, if they would lay down their arms, Leonidas shouted these two words back.
Molon Labe! (mo-lone lah-veh)
They mean, “Come and get them!” They live on today as the most notable quote in military history. And so began the classic example of courage and valor in its dismissal of overwhelming superiority of numbers, wherein the heart and spirit of brave men overcame insuperable odds. Today, there lies a plaque dedicated to these heroes all at the site. It reads: “Go tell the Spartans, travelers passing by, that here, obedient to their laws we lie.”
We have adopted this defiant utterance as a battle cry in our war against oppression because it says so clearly and simply towards those who would take our arms.
It signifies our determination to not strike the first blow, but also to not stand mute and allow our loved ones, and all that we believe in and stand for, to be trampled by men who would deprive us of our God-given – or natural, if you will – rights to suit their own ends.
(mo-lone lah-veh)
Two little words. With these two words, two concepts were verbalized that have lived for nearly two and a half Millennia. They signify and characterize both the heart of the Warrior, and the indomitable spirit of mankind. From the ancient Greek, they are the reply of the Spartan General-King Leonidas to Xerxes, the Persian Emperor who came with 600,000 of the fiercest fighting troops in the world to conquer and invade little Greece, then the center and birthplace of civilization as we know it. When Xerxes offered to spare the lives of Leonidas, his 300 personal bodyguards and a handful of Thebans and others who volunteered to defend their country, if they would lay down their arms, Leonidas shouted these two words back.
Molon Labe! (mo-lone lah-veh)
They mean, “Come and get them!” They live on today as the most notable quote in military history. And so began the classic example of courage and valor in its dismissal of overwhelming superiority of numbers, wherein the heart and spirit of brave men overcame insuperable odds. Today, there lies a plaque dedicated to these heroes all at the site. It reads: “Go tell the Spartans, travelers passing by, that here, obedient to their laws we lie.”
We have adopted this defiant utterance as a battle cry in our war against oppression because it says so clearly and simply towards those who would take our arms.
It signifies our determination to not strike the first blow, but also to not stand mute and allow our loved ones, and all that we believe in and stand for, to be trampled by men who would deprive us of our God-given – or natural, if you will – rights to suit their own ends.
Government Job
A guy goes to the Post Office to apply for a job. The interviewer asks him, "Are you allergic to anything?
He replies, "Yes, caffeine."
"Have you ever been in the military service?"
"Yes," he says. "I was in Iraq for two years."
The interviewer says, "That will give you 5 extra points toward employment." Then he asks, "Are you disabled in any way?"
The guy says, "Yes. A bomb exploded near me and I lost both of my testicles."
The interviewer grimaces and then says, "O.K. You've got enough points for me to hire you right now. Our normal hours are from 8:00 A.M. to 4:00 P.M. You can start tomorrow at 10:00 - and plan on starting at 10:00 A.M. every day."
The guy is puzzled and asks, "If the work hours are from 8:00 A.M. to 4:00 P.M., why don't you want me to here until 10:00 A.M.?"
"This is a government job," the inter-viewer says, "For the first two hours, we just stand around drinking coffee and scratching our balls. No point in you coming in for that."
-Thanks, Ibeam
He replies, "Yes, caffeine."
"Have you ever been in the military service?"
"Yes," he says. "I was in Iraq for two years."
The interviewer says, "That will give you 5 extra points toward employment." Then he asks, "Are you disabled in any way?"
The guy says, "Yes. A bomb exploded near me and I lost both of my testicles."
The interviewer grimaces and then says, "O.K. You've got enough points for me to hire you right now. Our normal hours are from 8:00 A.M. to 4:00 P.M. You can start tomorrow at 10:00 - and plan on starting at 10:00 A.M. every day."
The guy is puzzled and asks, "If the work hours are from 8:00 A.M. to 4:00 P.M., why don't you want me to here until 10:00 A.M.?"
"This is a government job," the inter-viewer says, "For the first two hours, we just stand around drinking coffee and scratching our balls. No point in you coming in for that."
-Thanks, Ibeam
Friday, June 05, 2009
GUNS!!!!
Dammit people, send me pictures of your weapons. No faces, no serial numbers for sure and no towns if you're uncomfortable with it. But we gotta let the Obamites know we're well armed and PROUD!
-Wirecutter
-Wirecutter
FUCK YOU, OBAMA
I don't have a picture today but I still wanted to give you a shout out, you Socialist, muslum lovin' motherfucker. Rot in the hell you deserve, Bitch.
Carl from God's Country
Hey Wirecutter,
Carl here from North Carolina. I came across your blog from another site, smallbitsandpieces, and I haven't been able to stay off of here since. I've told all my white trash friends about this site and everyone loves it. Plenty of the top 3 B's (beer, boobs and bacon), hilarious pics, poking fun at the non-hetero's, and the daily fuck obama, what more could a republican manly man want in a website? Keep up the great work man, I'll be here checking it out every day.
Carl here from North Carolina. I came across your blog from another site, smallbitsandpieces, and I haven't been able to stay off of here since. I've told all my white trash friends about this site and everyone loves it. Plenty of the top 3 B's (beer, boobs and bacon), hilarious pics, poking fun at the non-hetero's, and the daily fuck obama, what more could a republican manly man want in a website? Keep up the great work man, I'll be here checking it out every day.
Yolo from.........
So here goes my life story in short;
Yolo stands for You Only Live Once, this attitude has taken me many places in my 49 yrs. young time,
many of them wild crazy and scary but ALWAYS worth it, no regrets.
I live on a strict diet of hyperbole, humor and sarcasm, it's very slimming and fairly amusing.
An unapologetic dipshit,and don't even get into the blond jokes with that admission!,
I have more vices than I have virtues. I basically have the musical taste
of an adolescent boy but I don't have a taste for adolescent boys, I leave that to Michael Jackson.
I like full fledged grown up men...well you know the kind with hair in their special places,
bellies that show a good beer drinkin time,
have separated from their mommy and their buddies, but still do stupid silly shit.
I am a caterer, and actually love my job and am grateful I have one, everyone always wants
to eat and party!
I don't have any guns but grew up with them.
Well that pretty well wraps up me, I'm just here for the ride, and what a ride its' been!!!!
I sent a pic of me that was thrown thru photofun, it takes out the wrinkles!! :)
Yolo stands for You Only Live Once, this attitude has taken me many places in my 49 yrs. young time,
many of them wild crazy and scary but ALWAYS worth it, no regrets.
I live on a strict diet of hyperbole, humor and sarcasm, it's very slimming and fairly amusing.
An unapologetic dipshit,and don't even get into the blond jokes with that admission!,
I have more vices than I have virtues. I basically have the musical taste
of an adolescent boy but I don't have a taste for adolescent boys, I leave that to Michael Jackson.
I like full fledged grown up men...well you know the kind with hair in their special places,
bellies that show a good beer drinkin time,
have separated from their mommy and their buddies, but still do stupid silly shit.
I am a caterer, and actually love my job and am grateful I have one, everyone always wants
to eat and party!
I don't have any guns but grew up with them.
Well that pretty well wraps up me, I'm just here for the ride, and what a ride its' been!!!!
I sent a pic of me that was thrown thru photofun, it takes out the wrinkles!! :)
YOLO is one of the main contibutors of my blog as y'all might know.
Bacon. Mmmmm, bacon.....
Lula from http://whatsinalulabelle.blogspot.com/ sent me this today for all my bacon lovin' friends. You HAVE got to check this shit out!
http://www.delish.com/search/fast_search_recipes/?search_term=bacon>1=47001
THANKS LULA!!!!!!!!
http://www.delish.com/search/fast_search_recipes/?search_term=bacon>1=47001
THANKS LULA!!!!!!!!
Thursday, June 04, 2009
Craig from England
You asked, so here's a little about me.
36, male, English. So far managed to avoid marriage and kids.
I have many interests, but if I can work beer, boobs or cars into them, so much the better. I'm quite big on movies, and my own blog is a, somewhat neglected, movie review site. it's here if you want a look http://strontiumdecosta.blogspot.com/
I do have an interest in guns, but strict laws here prevent me from owning any. I'm rather fond of the Beretta 92FS, and if I could own a handgun, it'd be that one. Rifles appeal too, things like a Dragunov or WA 2000 (the last one is a holy grail, 72 made, uber expensive).
You may like this page http://www.darkroastedblend.com/2008/02/miniature-spy-guns.html which has pics and info on some very unusual guns. The whole site is pretty cool to be honest.
I do have a typically British sense of humour, dry, sarcastic and I don't take myself seriously in any way.
Anyway, hello from merry olde England.
And hello to you from the Gay Socialist Republic of Kalifornia, Craig!
36, male, English. So far managed to avoid marriage and kids.
I have many interests, but if I can work beer, boobs or cars into them, so much the better. I'm quite big on movies, and my own blog is a, somewhat neglected, movie review site. it's here if you want a look http://strontiumdecosta.blogspot.com/
I do have an interest in guns, but strict laws here prevent me from owning any. I'm rather fond of the Beretta 92FS, and if I could own a handgun, it'd be that one. Rifles appeal too, things like a Dragunov or WA 2000 (the last one is a holy grail, 72 made, uber expensive).
You may like this page http://www.darkroastedblend.com/2008/02/miniature-spy-guns.html which has pics and info on some very unusual guns. The whole site is pretty cool to be honest.
I do have a typically British sense of humour, dry, sarcastic and I don't take myself seriously in any way.
Anyway, hello from merry olde England.
And hello to you from the Gay Socialist Republic of Kalifornia, Craig!
Cbullitt from.......
Wirecutter,
As I used to tell women in bars back in the 70s, I am from the future and I'm back here doing anthropological research. At the time, the research was mostly on mating habits and recreational chemistry. Now, however, I am assigned to the Steel Buckle of the Rust Belt. Don't know who I pissed off, but so be it. I am surrounded by a stateful of blind lemmings who do the Dems bidding. Some, who in all other ways are smart and successful, think noting His Wholly Reluctance God/King Obama's communism, amateurism, hatred of America, and bumbling ineptitude is heresy.I don't know what I'm supposed to be researching here other than collective suicide, but I am posing as a married man with two children to document the whole thing.
The real reason I am responding is to get your email, so I can send you goofiness that doesn't lend itself to my blog.
cbullitt
Other than the fact that the Chinese owned all the liquor stores in LA, California was still fairly cool back in the late 70s, I had some fun out there. What the fuck happened?
JERRY BROWN IS WHAT THE FUCK HAPPENED!!!!!!
God, I miss Reagan.........
-Wirecutter
As I used to tell women in bars back in the 70s, I am from the future and I'm back here doing anthropological research. At the time, the research was mostly on mating habits and recreational chemistry. Now, however, I am assigned to the Steel Buckle of the Rust Belt. Don't know who I pissed off, but so be it. I am surrounded by a stateful of blind lemmings who do the Dems bidding. Some, who in all other ways are smart and successful, think noting His Wholly Reluctance God/King Obama's communism, amateurism, hatred of America, and bumbling ineptitude is heresy.I don't know what I'm supposed to be researching here other than collective suicide, but I am posing as a married man with two children to document the whole thing.
The real reason I am responding is to get your email, so I can send you goofiness that doesn't lend itself to my blog.
cbullitt
Other than the fact that the Chinese owned all the liquor stores in LA, California was still fairly cool back in the late 70s, I had some fun out there. What the fuck happened?
JERRY BROWN IS WHAT THE FUCK HAPPENED!!!!!!
God, I miss Reagan.........
-Wirecutter
Beaner in Korea
Wirecutter,
I'm a jackass who works as an Army contractor over in Korea. I run the Blog wrenchbender.blogspot.com.
I'm a jackass who works as an Army contractor over in Korea. I run the Blog wrenchbender.blogspot.com.
I'm a member of the Boozefighters MC and miss the hell out of getting drunk and shooting shit since I can't have my bullet launchers over here.
Beaner, why the fuck weren't you on my blogroll before now?
Boozefighters - one of the clubs that put Hollister on the map. Right fucking on.
And if North Korea keeps their shit up, you just might get to shoot something soon.
Keep up the good work, Beaner. We appreciate the work you're doing.
-Wirecutter
Bella from BC
Hey Wirecutter.
Just thought I'd send a note about myself, since you asked.
Been enjoying your blog for a while but I'm at a slight disadvantage as I have no nudie pics, pics of guns (can show you pictures of the moose and elk meat in my freezer that a friend shot) or a pic of myself. I will have to purchase a digital as the last one got stolen from the car. Ya, we have thugs up here too.
I'm from northern British Columbia, Canada and am middle age (that's as far as I'm going on that one). I have worked at a telecommunication company for more years than I like to admit and love my job but hate the company that I work for.
I usually visit your blog everyday and enjoy your sense of humor, your love for bacon, the weirdo pictures that you post (lol) and just about everything else.
Keep up the good work and Thank You for all the laughter and thought that you've given me through your blog.
Bella
Just thought I'd send a note about myself, since you asked.
Been enjoying your blog for a while but I'm at a slight disadvantage as I have no nudie pics, pics of guns (can show you pictures of the moose and elk meat in my freezer that a friend shot) or a pic of myself. I will have to purchase a digital as the last one got stolen from the car. Ya, we have thugs up here too.
I'm from northern British Columbia, Canada and am middle age (that's as far as I'm going on that one). I have worked at a telecommunication company for more years than I like to admit and love my job but hate the company that I work for.
I usually visit your blog everyday and enjoy your sense of humor, your love for bacon, the weirdo pictures that you post (lol) and just about everything else.
Keep up the good work and Thank You for all the laughter and thought that you've given me through your blog.
Bella
Wednesday, June 03, 2009
Your 15 minutes of fame
Okay, my regular readers know I do this every few months.
I score about 10,000 hits a month but know very little about my readers.
Would you be so kind as to send me a little information about yourself that I can post? A picture would be nice but not necessary. Please, no nudes unless you're female...... I won't post 'em but they'll definately be appreciated......
Seriously though, I really would like to know more about my readers. And if you want to know more about me, just click on the "blog" on my sidebar. You'll see my posting from the past.
I would also like to see some of my readers' favorite guns. The only thing that I ask is that you don't show the serial numbers. I don't want to give the Obamites any more ammunition (no pun intended) than they already have.....
Send your info and pictures to k59lane@yahoo.com
I'll post them in the order they come.
Thanks,
-Wirecutter
I score about 10,000 hits a month but know very little about my readers.
Would you be so kind as to send me a little information about yourself that I can post? A picture would be nice but not necessary. Please, no nudes unless you're female...... I won't post 'em but they'll definately be appreciated......
Seriously though, I really would like to know more about my readers. And if you want to know more about me, just click on the "blog" on my sidebar. You'll see my posting from the past.
I would also like to see some of my readers' favorite guns. The only thing that I ask is that you don't show the serial numbers. I don't want to give the Obamites any more ammunition (no pun intended) than they already have.....
Send your info and pictures to k59lane@yahoo.com
I'll post them in the order they come.
Thanks,
-Wirecutter
My Flag
I just looked out my front door and saw my flag blowing in the breeze. It sent shivers down my back, looking at that piece of cloth that was paid for with American blood.
Which brings me to my next post:
Which brings me to my next post:
If my flag offends you, then go back to the shithole of a country you came from
Debbie McLucas comes from a patriotic family – her husband and both of her sons served in the U.S. military, and her daughter is currently deployed to Iraq on her second tour of duty as a combat medic.
So when McLucas arrived at work at a Texas hospital last Friday, she was stunned to be told that the Stars and Stripes she had hung in her office in advance of Memorial Day were offensive, and that the flag had been removed.
“I got into work, I was met by my supervisor and told that there had been multiple complaints, that people found the flag very offensive and it had been taken down," McLucas told FOXNews.com.
"I went to the office to retrieve it and found the flag wrapped around the pole, sitting in the corner on the ground. I was speechless."
McLucas, a supervisor at Kindred Hospital in Mansfield, Texas, had displayed the 3-by-5-foot flag in the office she shares with the hospital’s three other supervisors. McLucas said one of her colleagues, a woman who immigrated to the United States from Africa 14 years ago, complained about the flag to upper management, and the hospital decided to take down the flag.
"I was told that as long as my flag offended one person, it would be taken down," McLucas said.
She said the hospital told her that the American flag flying outside the building would have to suffice. "I was told, ‘There is a flag hanging out front, everyone can see that one. Is that not enough?’"
No, she said, that wasn't enough.
"It is more than I can even fathom, that you would find the American flag offensive, in America," McLucas said.
A Kindred Healthcare spokeswoman did not return calls for comment. Kindred issued a press release stating, “Kindred Hospital Mansfield has a great deal of appreciation for the service that many of our employees and their families have given to their country. We honor our veterans and active military through a variety of benefits and service programs. This was an isolated incident between two employees that we are working to resolve amicably.”
The statement went on to explain: “The disagreement was over the size of the flag and not what it symbolized. We have invited the employee to put the flag back up.”
And it will go back up and stay up, McLucas said.
"I do think they're trying to do the right thing. I have no reason to believe the flag won't remain there as long as I'm employed."
-Thanks Brendan & Woody
Barocky Road
Barocky Road is a blend of half vanilla, half chocolate, and surrounded by nuts and flakes.
The vanilla portion of the mix is not openly advertised and usually denied as an ingredient.
The nuts and flakes are all very bitter and very hard to swallow. The cost is $100.00 a scoop.
When purchased it will be presented to you in a large beautiful cone, but upon purchase the ice cream is taken away and given to the person behind you!
You are left holding an empty wallet and no change, holding an empty cone with no hope of getting any ice cream....
Are You stimulated????
Thanks Yolo
Tuesday, June 02, 2009
Dumbass.....
You've heard the expression "Shot myself in the foot"?
Here it is in living color.
-Kousin Karl
Monday, June 01, 2009
We're from the government and we're here to help you
WASHINGTON – In a defining moment for American capitalism, President Barack Obama ushered General Motors Corp. into bankruptcy protection Monday and put the government behind the wheel of the company that once symbolized the nation's economic muscle.
The fallen giant, the largest U.S. industrial company ever to enter bankruptcy, is shedding some 21,000 jobs and 2,600 dealers. Sparing few communities, the retrenchment amounts to one-third of its U.S. work force and 40 percent of its dealerships.
"We are acting as reluctant shareholders because that is the only way to help GM succeed," Obama said of the temporary nationalization of the 100-year-old company.
Obama lauded what he called a "viable, achievable plan that will give this iconic American company a chance to rise again" as GM followed Chrysler LLC into bankruptcy court. Of Detroit's "Big Three" automakers, only Ford Motor Corp. has avoided bankruptcy restructuring and has not taken federal bailout money.
The fallen giant, the largest U.S. industrial company ever to enter bankruptcy, is shedding some 21,000 jobs and 2,600 dealers. Sparing few communities, the retrenchment amounts to one-third of its U.S. work force and 40 percent of its dealerships.
"We are acting as reluctant shareholders because that is the only way to help GM succeed," Obama said of the temporary nationalization of the 100-year-old company.
Obama lauded what he called a "viable, achievable plan that will give this iconic American company a chance to rise again" as GM followed Chrysler LLC into bankruptcy court. Of Detroit's "Big Three" automakers, only Ford Motor Corp. has avoided bankruptcy restructuring and has not taken federal bailout money.
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