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RINO No More
(Page 2 of 2)
Fortunately, due to the genius of our Founding Fathers, a self-correcting mechanism was built into our Constitution to deal with this situation.
Our cherished right to privacy, coupled with President Obama's pledge to elevate Science above our superstitions, will set our ship straight.
Advances in genetics will undoubtedly reveal a "gay gene." Just as "sex selection" abortion is popular throughout the world, "sexual orientation" abortion is sure to follow.
We just need the proper health-care mandate to see that all at-risk pregnant women are tested.
Homosexuals assure us that nobody would consciously choose to be
gay, much less condemn their progeny to the lifestyle. Ergo,
the condition must be genetic. Intolerant people with no
compassion may be put off by "sexual orientation" abortion. We
must insist that they think of the children!
Sarah Palin, and others of her ilk, might choose to carry such a
fetus to term. But her generation will pass. Then with another
generation, there will be no homosexuals to marry.
-- Dan Martin
Pittsburgh, Pennsylvania
THE DOMINO EFFECT
John Berlau's GM vs GGP:
Bankruptcy the Way It Ought to Be:
Sir, you are comparing apples and oranges or more correctly put thorns and apples.
GGP is not bleeding any money. In fact each month after paying all interest it is adding new cash reserves. It also has fifteen properties or so worth in a fire sale over a billion that have not been encumbered. As such there is no risk in providing DIP financing and virtually no risk that a creditor or a bankruptcy judge would ever allow a fire sale or dismiss the Chapter 11 petition.
In addition no suppliers, partners or any other necessary partner or other unsecured creditor would in a domino effect be pushed into bankruptcy.
GM on the other hand is bleeding cash every day it stays alive. No matter what Chapter 11 will provide it will not stop the bleeding and as such DIP financing would come from one place, good old Uncle Sam.
2. A restructuring or a dream there of may not seem like the best option to creditors or even a judge as DIP financing to infuse bleeding cash will fast erode creditors' recovery value (the judge and creditors don't worry about the broader economy or jobs lost).
3. In Chapter 11 no supplier that is owed money will get paid and
those who got paid in the last 90 days will have to return the
money. This may put some suppliers and dealers that are crucial
to the industry out of business or into Chapter 11, cascading
into a complete logjam of the industry. Ford said that a GM
filing (if not repackaged) would put them in bankruptcy as well
because of the disruption in the industry.
-- Jack Gold
Comments
Leave a Comment
- Breaking Fast With Bill Safire
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Alan Broooks| 4.30.09 @ 1:00PM
you'll end up with RINOs in every nook and cranny.
game over.
Alan Brooks| 4.30.09 @ 2:18PM
...through no fault of your own...
the more we struggle, the more we go down into the quicksand.
c. lepore| 4.30.09 @ 3:17PM
i am glad we did not elect Goldwater in 1964, he might have involved us in a war in some place like Vietnam
Alan Brooks| 4.30.09 @ 5:21PM
this is 2009!
James Newland| 4.30.09 @ 6:31PM
Alrighty. Thanks for that, Alan. I'd almost forgotten.
Alan Brooks| 4.30.09 @ 8:18PM
James,
c lepore, bringing up Goldwater, might forget once in awhile what era he is in. Maybe he IS living in '64-- you'll have to ask him.
Alan Brooks| 4.30.09 @ 8:24PM
look,
Goldwater wanted gays in the military; now it doesn't concern me either way-- but you guys? somehow one might say Goldwater's candidacy in '64 is a dead issue.
Alan Brooks| 4.30.09 @ 9:05PM
oh, and Scranton v Goldwater, now what a timely topic!
SLG| 4.30.09 @ 11:38PM
Man, sounds like a real recipee for electoral success you guys have going on.
Tim| 5.1.09 @ 11:23AM
Actually, the retirement of Justice Souter with a probable appointment of a true socialist to the high court and the placing of the well known Court Jester (Franken) in the Senate by this years end will guarantee that the Republicans will take back the Senate or come very close by flipping at least six to seven seats back in their number in the 2010 elections.
Therefore, Obama, after appointing the Souter replacement, will have to do some fast talking to get Justices Stevens and Ruth to retire before the new Senate takes office.
Even so, if those two retire early next year, he may still be hard pressed to get any more socialists on the high court because of the pending 2010 election and the the fear of the upcoming back lash against Senate Democrats from conservative, freedom loving and good ol American Red or Blue States.
But Obama and I do agree one one very important thing. And I would be careless not to point this out.
We will both be rooting for the Chicago Bulls in Saturday's game seven against the Boston Celtics.
There, who says Obama hasn't reached out for some common ground!
Have a good week-end and happy May Day to all you Reds out there.
Even a "Red" was created in God's image and with free will.
clepore| 5.1.09 @ 4:35PM
to alan, since you apparantly do not know either history or irony, let me explain, i was responding to silvestri's comment " goldwater was a loose cannon. if he were elected he would have unleashed a war." goldwater was not elected, lyndon johnson was elected, and he unleashed a war. do you understand?
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