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Thread: US to make profit from bailouts

  1. #11
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    Re: US to make profit from bailouts

    Quote Originally Posted by Frolicking Dinosaurs View Post
    BBC News - US to make profit from bailouts, Treasury says

    This is a feather in both GWB and Obama's caps.
    They fudge those numbers so much...there's no telling the truth. And if we did "make money" off this crap, do you think we can put it towards dong something about the recessions which is still kicking even though Congress and Washington don't really care anymore since it really just affects middle and lower class and **** those guys?
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    Re: US to make profit from bailouts

    Quote Originally Posted by Frolicking Dinosaurs View Post
    BBC News - US to make profit from bailouts, Treasury says

    This is a feather in both GWB and Obama's caps.
    This is great news for the American taxpayer, whether you are/were pro/anti bailouts or TARPs everyone can agree that seeing some of the money return is a good thing.

    However that doesn't end the debate by a long shot, remember that the goal of these programs and actions was NOT to turn a profit for the government, but rather to stabilize an economy on a serious downturn with the potential for worse, not to mention save thousands of jobs at places like GM which would have been lost if it went under.

    Plus there is the question of the role of government. Gov't has the potential for tremendous power and influence, but one must always ask themselves how powerful and influential they want government to be. Of course its possible for the gov't to over step its bounds, or do things it perhaps should not do even if it has the legal power to do so, and still accomplish great and wonderful things. But there's no denying that makes a change in the relationship the economy, people, and government have to each other.

    While I believe that the government's role is to step in at times of extreme crisis to prevent further crisis, I certainly hope that what should be a temporary solution does not become a permanent one. In other words while I supported the takeover of places like AIG or GM to prevent a domino effect, and to save jobs, I hope the government presence in these companies or others does not become the norm. If one has a leaky pipe the first thing you'll do is find a quick solution to stave off a bigger issue, like putting a bucket down so your floor isn't flooded, while you quickly go prepare and execute a more permanent solution. Right now I consider the gov't presence to be a bucket on the floor, good for the short term but not what I want to see as a permanent solution, and I hope they work with industry and amongst itself to inspect the problem, the joints, bolts, structural integrity of that pipe, fix whatever needs to be fixed and make it stronger. Then we can take the bucket away.

    So right now, excellent news on potentially turning a good profit, but more important is where the government is going to go with this into the future and how will this change our economy.

  3. #13
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    Re: US to make profit from bailouts

    Quote Originally Posted by OpportunityCost View Post
    FactCheck.org : General Motors’ Debt
    What is happening is Treasury is not counting the investment that was turned into stock within the company. Without some more information like the actual balance sheets from both Treasury and Chrysler, I dunno.

    Im not as versant in the TARP bailout capital and following the money so I dont know how factual those statements are.
    The article says the auto bailouts will not result in a surplus, but did save a lot of jobs and the auto industry from collapse. The saved auto-workers taxes and corporate taxes may actually mean a financial gain from the expenditure.
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    Re: US to make profit from bailouts

    Quote Originally Posted by Frolicking Dinosaurs View Post
    The saved auto-workers taxes and corporate taxes may actually mean a financial gain from the expenditure.
    I guess the unions don't get a benefit from those paychecks.

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    Re: US to make profit from bailouts

    Quote Originally Posted by PerfectStorm View Post
    So what's your excuse for Solyndra?
    I'm not sure I understand that question completely. Do you mean the second influx of money?
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    Re: US to make profit from bailouts

    Quote Originally Posted by Deuce View Post
    No, we have a government for the purpose of helping to ensure we have a safe country with a stable economy.
    That sounds nice.

    However the federal government has no authority to bail out private companies that made poor business decisions. To do so using taxpayer money is also immoral.
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

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    Re: US to make profit from bailouts

    Quote Originally Posted by PerfectStorm View Post
    So what's your excuse for Solyndra?
    Solyndra was an abject waste and failure, but I fail to see what that has to do with Kodak.
    Last edited by a351; 04-16-12 at 09:26 PM.

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    Re: US to make profit from bailouts

    Quote Originally Posted by PerfectStorm View Post
    I guess the unions don't get a benefit from those paychecks.
    I'm concerned about the solvency of my country's treasury and could care less who else benefits. I'll leave the hating and clouding the issue to your ilk. I know it galls the 'anybody but Obama' conservatives to see the Bush-Obama bailouts actually worked and paid for themselves, but facts are facts.
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    Re: US to make profit from bailouts

    Quote Originally Posted by Frolicking Dinosaurs View Post
    The article says the auto bailouts will not result in a surplus, but did save a lot of jobs and the auto industry from collapse. The saved auto-workers taxes and corporate taxes may actually mean a financial gain from the expenditure.
    Agree that the workers jobs and taxable income was saved. Disagree that the corporate tax income was saved. With the tax code the way it is, the losses will be a tax shelter for years to come.
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    Re: US to make profit from bailouts

    Quote Originally Posted by Chiefgator View Post
    Agree that the workers jobs and taxable income was saved. Disagree that the corporate tax income was saved. With the tax code the way it is, the losses will be a tax shelter for years to come.
    Good point.
    I don't want to see religious bigotry in any form. It would disturb me if there was wedding between the religious fundamentalists and political right. The hard right has no interest in religion except to manipulate it. ~ Billy Graham in Parade magazine February 1, 1981.

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