• Jan 8, 2010
On Monday, the Tea Party is coming to Detroit and crumpets are not on the docket (*rimshot*). The traveling band of disgruntled Americans is heading over to General Motors' Renaissance Center between 9:30 AM and noon to protest against the fed's stake in GM and Chrysler. The protest is well-timed, with 6,000 journalists and government dignitaries a few hundred yards away at the first media day of the Detroit Auto Show.

The Detroit News reports that Tea Party organizers say the goal of the rally is to "make a peaceful yet clear statement against government takeover of America." An online flier reportedly distributed by the anti-tax party states, "What Michigan needs is a responsible auto industry that can become profitable, self sustainable and efficient in ways that provide more private jobs and economic success."

While the Tea Party undoubtedly picked a great day to protest against the federal government's 61 percent stake in GM, we're a little confused as to why organizers chose the Ren Cen instead of Cobo Hall. With all the journalists inside, attending press conferences and avoiding Michigan weather, the protesters won't have the opportunity to get the media attention they're after. Too bad. It could have made for some interesting people watching.

[Source: Detroit Free Press | Image: Jewel Samad/Getty]


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  • 154 Comments
      • 5 Years Ago
      To all Tea-Baggers:

      Did the money come from us taxpayers? No
      Did it take money away from other programs to fund the bailouts? No
      Did it come from a pile of cash it already had? No
      Did the government print the money? No

      Then where did the $ come from!?

      Answer: It took 1 millisecond to create $1 Trillion, it's digital money folks. The govt can create as much money as it needs, as long as it keeps inflation in check.

      And do you know what the govt does once the loans are paid back? No? It's destroyed..to keep inflation in check.

      __
      In other words, you amateur freaks should take down your "Marxist Obama" signs, get a clue and STFU.
        • 5 Years Ago
        To call yourself an economist you sure are dumb.

        "Did the money come from us taxpayers? No"

        -- umm all money the federal government has comes from taxes! And what they do with that money is the business of the tax payer.
        • 5 Years Ago
        LOL @Maxim
        Maybe you shouldn’t type comments as your mom yells at you to clean your room. You seem to get angrier that way.

        Yes we have “digital money” and yes the government can print money – all in all someone is held liable for that “non-existent” money. The government does not produce anything and the only source of real income to the government is from the citizens of this country. (i.e. all money government spends comes from taxation.) You cannot get around the fact the entire deficit of the US is on every Americans shoulders.
        • 5 Years Ago
        As a real economist, how can you possibly hold to what you just said?

        The "loans" aren't a drop in the bucket compared to what the government is spending.

        What about raising the debt limit?
        Writing another blank check to fannie and freddie?
        declaring other non-bank companies to be banks, to get FED money at the discount window?

        Stimulus, TARP, Health care costs, the costs inherent in Cap and Trade, and the other TRILLIONS of dollars in debt that the government is... and the HUNDRED trillion dollars in un-funded government liability...

        The Government can't sell T-bills to other countries. They are running out of cash to lend us.

        Forgiving a few billion in loans, which should never have been made, in return for gaining tacit control over private enterprise, and ousting legitimate bond-holders in the process... is a bad move, but it is small in the big picture.

        They are not going to be able to stem the economic backlash. There will be deflation of privately held assets, or there will be devaluation of private cash (inflation, or hyper-inflation, depending on the rate.) OR BOTH. Hyper-inflation would cause a fire-sale of assetts at discount rates, trying to liquidate cash to pay for living essentials.

        The digital money you talk about... you are mostly right up until that point... but then you abandon the inherent consequences of that. All the output of every currency press that they can run... is a marker. Ever more markers for a finite pool of economic value. Each marker becomes a smaller and smaller fraction. (inflation)

        But the value that those markers represent has to come from somewhere, and it is being sapped out of american households, and american private sector businesses. It is driving unemployment and under-employment, and other business retrenchment.

        You cannot treat money with less value than it represents. economic forces will react, it is almost as certain as physics, just not as immediate.
        • 5 Years Ago
        Quote [-- umm all money the federal government has comes from taxes! And what they do with that money is the business of the tax payer].

        Complete f-tard like the rest, completely clueless about how the government budget is financed. Not all money spent by the govt comes from taxes, otherwise HOW THE F DO YOU EXPLAIN THAT THERE'S MORE AND MORE MONEY IN CIRCULATION HMMM?

        GOSH YOU'RE SO F-ING RETARDED. MOST MONEY IS DIGITAL, NO PRINTED!!! MOST GOVERNMENT FUNDS ARE CREATED DIGITALLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

        FOR F---'S SAKE GET AN EDUCATION!!! I WORK WITH THE CENTRAL BANK!!!


        GO BACK TO THE SANDBOX YOU ILLITERATE, RETARDED PIECE OF HUMAN EXCREMENT, YOU ARE WORTHLESS!!!

      • 5 Years Ago
      Abe, GM is not well on their way to anything besides eating more of our money until the government cuts them off.

      Their business is still cratering, their costs are still out of control, they still have immense overcapacity, they still wage costs that are out of whack with the rest of the industry, they still have two brands too many, too many dealers, too much model overlap, brands that are muddled, the list goes on.

      The only thing the perverted bankruptcy did that they went through was screw all of their bondholders, completely and utterly. It left the UAW virtually untouched and it remains one of their biggest and most expensive liabilities. Even with many of their brands disappearing they can't turn a profit on what they have left. If they are so well off now where the Hell is our IPO?

      GM remains an extreme mess and one that the taxpayer should not have been subjected to for any reason. It should have went bankrupt normally and re-emerged instead of becoming a hugely expensive politcal tool.
      • 5 Years Ago
      teabaggers. a bunch of right wing lemmings with nothing better to do. undereducated disciples of rush, hannity, and glen beck.
        • 5 Years Ago
        None of these protests had anything to do with the idiots you mentioned. They simply hijacked the message and diluted the real purpose of the whole protest. Maybe if you didn't listen to the other side of the media coin, and had intelligent debate like an adult rather than name calling this country would be in better shape. And maybe our politicians on both sides would quit screwing this country. But that's rational and we wouldn't want that when we can use childish insults to solve a very real problem this country has now can we?
      • 5 Years Ago
      Let me know when foreign automakers need a bailout.
      • 5 Years Ago
      If the Government didn't bail out GM and Chrysler our economy would of taken a huge hit. Then the only reason why GM is government controlled right now is to make sure they are healthy enough to survive.
        • 5 Years Ago
        so making an already unemployment rate higher is good for the economy? Not only will the ECOs, designers, engineers and factory works lose their jobs but, so will technicians, car salesmen, and other parts of the dealerships will also. Oh yeah and parts suppliers i would imagine would have to lay people off because of the lack of demand. So lets put a couple more million people out of work and make the US dollar even weaker. What a great idea. This one time was needed hopefully with some guidance from the US government and Fiat those 2 companies wont be in the same boat and the money will be repaid.
        • 5 Years Ago
        When it fails again, should we continue to shovel money into that fire? How about the third time? The fourth? Because if the governments track record is anything to go by, this will consume massive amounts more money that it will ever save in the long run, and it will continue to go badly. Anyone who thinks this was necessary is not a student of history. Or at least slept through that class.
      • 5 Years Ago
      What a bunch of ignorant, un-American TOOLS! Oh, the hypocrisy.
        • 5 Years Ago
        Yeah I know what you meant...
        It was just a stupid comment I thought I’d help you get it right.
        • 5 Years Ago
        I know all these comments trashing these good people are a bunch of ignorant, un-American TOOLS!


        Good comment Asher...
        • 5 Years Ago
        Actually dude, I meant that the tools are you and rest of the teabaggers. Hahaha!
      • 5 Years Ago
      the right wing is not about fact checking. as long as glen beck says it, it's good enough for them. all of the problems in the entire world are obama's fault....it must be true, glen says so.

        • 5 Years Ago
        Too lazy to really research the truthiness of Glenn with two N's Beck.
        But for starters, here's a couple samples. If all else fails, avoid the lies and question the source, continue watching FauxNews. I've noticed two words: George Soros tend to make all accusations magically go away....

        Boxer seems like an intelligent individual (and a fellow Subie fan!), though, so I don't suspect he takes marching orders from pundits, I hardly disagree with the man. But I do think Beck is neither safe, nor sane, nor a journalist by any stretch of the imagination. I would suspect the teabaggers are part patriot, part sheep, but such is politics.

        Was hard NOT to think Beck was just doing the Stephen Colbert-style parody until I perused one of his books and determined he isn't a satirist.

        http://answers.yahoo.com/question/index?qid=20090801235203AAgK2ig

        http://mediamatters.org/columns/200909170033

        Sad Ron Paul wasn't given a fair chance...
        • 5 Years Ago
        If you are going to challenge Glenn Beck's fact checking, or the good judgement and mentality of those who open their ear to him...

        At least spell his name right, with two "n"s; and then prove where he, or I, or any of us with points to make, are WRONG.

        I don't cite Glenn Beck. I don't cite many people at all. I use my own faculties of reason. Challenge me, or others, on point, if you can.

        Ad hominem attacks are meaningless, and show you to be rhetorically under-equipped.
      • 5 Years Ago
      Order an original painting of your car, is much better than old copy, how do you think about? Even better than below
      [url] http://www.oilpaintingfactory.com/englishgroup oil painting, [url] http://www.oilpaintingfactory.com/impressionism-paintings-nude-from-photos.html oil painting nude,
      • 5 Years Ago
      I guess the minority in this country really does get what the majority deserves. Hell, I don't even want to procreate, given the indicators of what will become of America if the general populace remains indifferent to what we allow our "leaders" to get away with.

      We have to get mad, first of all.
      The playing field needs to be leveled.
      Perhaps...dare I say it, but do we really need another revolution?

      The line in the sand is becoming more and more self-evident...
        • 5 Years Ago
        ryan,

        http://www.youtube.com/watch?v=mGLot2TdC20

        Bush bailed out the failed automobile and banking industries by tossing them our money without any questions or any oversight, in fact no one knows where all of that money went (same as with his "wars" lots of missing money, but I digress). Obama introduced oversight and now you wingers speak out in contempt. May I ask why you were silent before?

        I think it must be shadow projection:

        "That is why he is the out of control spender when they sat on their hands through all of Bush's malfeasance. That is why his talking to schoolchildren is dangerous when our government wiretapping its citizens wasn’t. That is why saving the financial system from years of Republican regulation is taking away our future. The more evil revealed about the right’s excesses on torture, or wars of choice, or nearly destroying the economy, the more evil Obama will look in their eyes, as they cannot tolerate owning responsibility, because in their own minds they are only good. " http://andrewsullivan.theatlantic.com/the_daily_dish/2009/09/not-racism-projection.html

        by the way just so we are clear: http://politics.theatlantic.com/2009/09/closing_the_book_on_the_bush_legacy.php

        Obama has not been in office for even a year however things have definitely started to improve. Following is a sampling of some things (by no means am I listing all things). Our standing in the world has improved greatly. The stock market has improved. Our roads, schools, and infrastructure are starting to improve. We've outlawed torture. Those responsible for 9/11 are finally going to be brought to justice. We are winding down the illegal occupation in Iraq. Women now are guaranteed equal pay for equal work. We are conducting sixty-five probes into possible fraud of bailout recipients. The Federal Reserve has unveiled new rules that would bar banks from charging overdraft fees. Credit Card Reform. We're working on health care reform. We are addressing climate change. The largest conservation effort in 15 years protecting thousands of miles of rivers trails and parks. Expanded small business loan programs. We expanded health coverage to 4 million middle class kids and slashed drug prices for seniors by 80 billion dollars. Secured EPA authority to limit pollution. Boosted fuel economy standards. Extended GI bill benefits to post 9/11 veterans. Reversed the ban on stem cell research. No more extraordinary rendition. Extended tax cuts to 95% of workers. Removed the ban of letting the media show caskets. Passed the hate crimes prevention act. Admitted that the war on drugs was a failure. Achieved progress on nuclear nonproliferation. No-lobby rule. White House staff pay freeze. Have begun shutting Guantanamo. Lifted restrictions To Cuba. Freedom of Information Act. Increased the funds for Pell Grants and other student aid programs. Increased tax credits. Lowered taxes on new car purchases. Investments in energy efficiency. So on and so forth.

        You're hating is a decade late and now that we have a new administration, your hate is rather premature.
        • 5 Years Ago
        Thank you Pax, well said!
        • 5 Years Ago
        First of all, don't label me as a "winger"-I belong to neither party, thank you very much.

        Why didn't I speak out years sooner? I was misinformed, just as many Americans continue to be.

        Am I saying I know the right solution? Far from it. All I can say is that I have become disillusioned to the right-left paradigm...as far as I can see, Republican = Democrat, Liberal = Conservative.

        All hail the Skeptic Party!
      • 5 Years Ago
      Man it never fails to impress me, no matter what car blog, website, forum you go to it is usually full of right wing nut job pundits who do nothing but quote and repeat some snippet they heard from Foxnews or the radio. Then they point and laugh like they are some kind of genius and made a viable point when in reality they just look like fools. Is it all the fumes from the fuel and other car related products that make people right wing wackos?
        • 5 Years Ago
        I think if you read the comments there are like 3 or 4 people (me included) that are standing up for the Tea Party protesters. Most in this car blog don't seem to care that the government has control over a car company and want to destroy it with regulatory actions.
        Its funny to me how MOST blogs/forums/news sites are filled with liberals who spew hate and uninformed BS all over the place and can never have real debate or back up what they say.
      • 5 Years Ago
      well when Companies that once propped up the economy are run into the ground by overpaid, billionaire windbags I'm perfectly ok with my Government stepping in and running the place, they do it better and for less, its a fact, the only people opposed are those dumb enough to buy all that tax dodging, small government, no regulation bullcrap Fox news tells them to think and repeat. The only people that ever benefit are CEO's and the corporate robber barons that have wrecked our country thanks to their man Bush jr.
        • 5 Years Ago
        The Govt does not control the Auto Industry or Wall St.

        The Govt gave them loans that need to be repaid...giving it a certain influence on the management, but the do not control it.

        Or is that what Glenn Beck said? Unbelievable how many people take this guy's word for the supreme truth.
        • 5 Years Ago
        Government runs what better exactly? And before you insult the TeaParty participants it would behoove you to do some research on them. You look like an idiot to those that know the truth. The movement WAS NOT started by Fox News and Big Government Republicans. It was started by mostly Ron Paul supporters before any of this was covered by the media. The Republican party has jumped on this bandwagon and totally destroyed the movements reputation, message, and caused people like you to be completely close minded and not pay attention to what the real participants have to say. Who's the 'isolationist' now? And most people called these groups of fellow voters and citizens a stupid name, and rather than being a rational group of adults and listen to the message and have intelligent debate from the most informed group of voters for any candidate, they call them a name that is childish and instantly shows the immaturity of the person using the term.
        • 5 Years Ago
        Ok Jon I know you never watch cspan, but for example today an ex CIA field director mentioned that under Bush most tasks were handed to "contractors" meaning Bush/Cheney cronies and paid 5 to 10 times more to do the same work Federal employees did, resulting in a cost to Taxpayers (thats you) of 3 to 4 times as much. Dont you get it? you are only used for your vote so they can hand your taxdollars to their "base" which are the billionaires that Bush helped become Trillionaires, good job sucker!
        • 5 Years Ago
        Ray

        "Government runs what better exactly?"

        Without the Government, there would be no GM left, and up to 100,000 jobs would be lost. GM is not on a great path of recovery, unlike when it was controlled 100% by corporate crooks (Wagoner is a close friend of W and Blackstone CEO Schwarzman).

        "The movement WAS NOT started by Fox News and Big Government Republicans. It was started by mostly Ron Paul supporters before any of this was covered by the media."

        FoxNews joined forced 2 weeks after the Tea Party's first meeting including massive broadcast and publication of the rally schedules and instructions on HOW TO JOIN.
        ARE YOU F_ING KIDDING ME??

        "Caused people like you to be completely close minded and not pay attention to what the real participants have to say."

        Listen numbnuts, we've all heard their message and seen their signs, and it's absurd. Do you understand that? Marxist Obama! Hitler Obama! Death Panels! Socialism! Takeover of America! Obama is killing grandma!

        If you call THAT rational, you must be a complete, yes a complete idiot. You're so dumb you can no longer distinguish the difference.
        • 5 Years Ago
        Yeah because NBC, CBS, ABC, MSNBC, CNN, etc telling libs how to think is so much better. I watch Fox but it's not the gospel. You'll find most of these people look at a variety of sources for their news.
        • 5 Years Ago
        Ray I agree, I did research it and was surprised to find they werent all astroturf, but they disgraced themselves opposing Health care reform and how they did it, shouting down elderly senators at their town halls is immoral and an offense to free speech, they lost me there, not to mention they are wrongheaded about everything!
        • 5 Years Ago
        "I'm perfectly ok with my Government stepping in and running the place, they do it better and for less"

        ROFL

        Let me know when a government agency ever does something for less cost than the private sector.
        • 5 Years Ago
        I agree. These mental midgets would be totally lost if they didn't have FOX to tell them what to think.
      • 5 Years Ago
      Bet those "work a day" people's jobs aren't connected to the United States Auto Industry.
        • 5 Years Ago
        I bet that there are, or at least people that would be greatly affected by any more turmoil in the auto industry.
        I disagree with the bailouts, yet I work in and am greatly affected by what happens in the auto industry. It’s not always about what is best for me, me, me but sometimes you have to think about the law and what is right for the country.
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