The Smoke Break

You want some brie with that whine?

When Life Gives You Lemons…

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… pour yourself a shot of tequila and suck it up, buddy.

At least that’s the word on the street these days when it comes to buying a defective vehicle from Chrysler.  The L.A. Times reports that settlement checks issued under states’ “lemon laws” are bouncing like Nancy Pelosi during an Obama speech and complaints are being given as much attention as were the nationwide Tea Parties on April 15th.

Chryler’s Chapter 11 filing means that any settlement incurred before April 30th must must now be approved by the bankruptcy judge, but Chrysler has stated it has no plans of its own to ask the judge to approve any of them.  So just like everyone else holding unsecured Chyrsler debt, if you’ve ended up buying a defective Chrylser vehicle, well, in plain English you’re S.O.L.

And despite President Obama’s bold claims that the government will honor Chrysler warranties and such, according to consumer advocacy groups, the automotive task force has more important matters to handle.

Remind me, please.  Who thought having an uncle by the name of Sam in the car business would be a good thing?

Pass the Cuervo.

Negotiating Bankruptcy, Chicago-Style

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What do GM and the Obama administration have in common?  In street vernacular, today’s phrase is “big dicks”.

Allegations are now surfacing that direct threats by the administration were used to cave certain Chrysler creditors into accepting bankruptcy restructuring agreements.  Certain senior creditors who protested their legal position of meriting payment in full before junior creditors and have now filed a motion against the Obamafioso on the reasonable and compelling basis that the government is in violation of the 5th Amendment.

One participant in negotiations said that the administration’s tactic was to present what one described as a  “madman theory of the presidency” in which the President is someone to be feared because he was willing to do anything to get his way. The person said this threat was taken very seriously by his firm.  I take it seriously when the mainstream media – after bashing every move made by President Bush during his presidency – doesn’t consider any of this something worth reporting.

Meantime,  GM’s back in the spotlight as it is again noted they spend some $17 million a year helping its retirees buy Viagra.