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Thread: What are the Cons going to say now that the GM bailout has been paid off

  1. #71
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    Re: What are the Cons going to say now that the GM bailout has been paid off

    I don't see why anyone would think differently about the bailout because of this.

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    Re: What are the Cons going to say now that the GM bailout has been paid off

    Quote Originally Posted by sangha View Post
    How does that make the point moot? The facts are that while the govt lost $10B on the deal, they preserved $35B because of the deal making the gov come out $25B ahead because of this bailout
    The point is moot for a couple of reasons imho.

    1. The reporting on this doesn't nuance it like demos are attempting here, it merely reports that the govt sold the last of the stock, and lost $10 billion.

    2. As the report stipulates, although those jobs would have suffered in 2009, 10, they would have recovered. So, all regular people see as the end result is that Obama lost 10 billion again bailing out his union buddies...
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: What are the Cons going to say now that the GM bailout has been paid off

    Quote Originally Posted by xxstevennnxx View Post
    And is officially a success?

    It's just been released that the Government has sold it's last share of the last stock in which it owned of GM. Didn't Faux news say it would never be paid off?

    It is now official, Obama has saved the Auto industry in America.

    "The Center for Automotive Research study -- called ''The Effect on the U.S. Economy of the Successful Restructuring of General Motors'' -- found that the controversial 2008-2009 bailout, saved 2.6 million jobs in 2009 alone and $284.4 billion in personal income was preserved over 2009-2010."

    You're now free to give Obama a warm thank you and apologize for calling this bailout a failure.

    Please begin.
    No, it's a deal that has cronyism written all over it. The government intervened to save the union, and now the union is still there, sucking the life out of the company, driving up costs for consumers, and keeping the cost of employment high such that new jobs can't be created.

    And for what? Does the union do anything to improve the quality or lower the cost of vehicles? No, the union exists to feather its own bed and nothing more. They drag everyone else down. Oh, that, and vote for Democrats.

    Had the company gone through regular bankruptcy they'd have been reorganized and would have been able to hire many more workers than they do now and put more quality into their cars.

    The failure is evident when all the things that could have happened but didn't are considered.

    "The urge to save humanity is almost always a false front for the urge to rule." --HL Mencken

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