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

ttwtt78640 said:
And create (or save) your own job. Don't forget that important part of your bailout.
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OMG, that was one of my favorite political quotes of all time....as if they knew how to calculate jobs "saved".
 
loader said:
Lies.
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Absolutely correct, a bunch of crystal ball gazing lies to justify what the industry got. As mentioned, other auto companies made it through just fine without a bail out and we didn't lose any jobs or supposed transfer payments.
 
PerfectStorm said:
OMG, that was one of my favorite political quotes of all time....as if they knew how to calculate jobs "saved".
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They saved 1.5 million jobs with the auto bailouts. The employees were so relieved that they celebrate the bailout every day with weed and 40s during their lunch breaks. ;)
 
clownboy said:
Absolutely correct, a bunch of crystal ball gazing lies to justify what the industry got. As mentioned, other auto companies made it through just fine without a bail out and we didn't lose any jobs or supposed transfer payments.
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Every "saved" by government job 30,000 a year, costs us Taxpayer 80,000 per year.
 
loader said:
Lies.
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Of course.. Everything that doesn't go hand and hand with the bubble you cons live in is a "lie"

No wonder all of you cons have a war with the "lame stream media"

You're allergic to reality.
 
xxstevennnxx said:
&We the people gained Billions of dollars from Tax revenue from all the jobs we saved.. I'd call that a success.
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can you provide data to show how much tax revenue was brought in from the 'saved' 2.6 million jobs (most of which were not actually saved)? It would be nice to compare it to the 10 billion dollar loss the public took.

We can make guesses, like most of the jobs were probably not high level tax bracket jobs, and most of those near the bottom get so many 'credits' and such that a good portion pay 0 in federal taxes… so odds are, your line above is total BS. Will wait for you to support it with empirical evidence.
 
xxstevennnxx said:
Of course.. Everything that doesn't go hand and hand with the bubble you cons live in is a "lie"

No wonder all of you cons have a war with the "lame stream media"

You're allergic to reality.
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So...as as a "progressive" you are a big fan of corporate bailouts...right?
 
ttwtt78640 said:
They saved 1.5 million jobs with the auto bailouts. The employees were so relieved that they celebrate the bailout every day with weed and 40s during their lunch breaks. ;)
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You better not lie, and look at the lists of GMC union workers.
 
VanceMack said:
So...as as a "progressive" you are a big fan of corporate bailouts...right?
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So.. as an independent you have no idea what you stand for, right? There's only two things in the middle of the road, yellow lines and dead possums. You either stand for something or you don't. It's better to stand up for what you believe as opposed to having no idea what you believe in.

As for corporate bail outs.. When the American Auto industry is on the line, along with millions of Jobs and livelihoods, I'm all for it. The backlash from letting GM die would be far greater than you can imagine.
 
Arbo said:
so it says it saved 1.2 million jobs. So even a lower number than I have previously read. Please provide the data showing 1.2 million jobs generated BILLIONS of revenue for the feds as you said….
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Read the whole article and not just the headline..
 
xxstevennnxx said:
So.. as an independent you have no idea what you stand for, right? There's only two things in the middle of the road, yellow lines and dead possums. You either stand for something or you don't. It's better to stand up for what you believe as opposed to having no idea what you believe in.

As for corporate bail outs.. When the American Auto industry is on the line, along with millions of Jobs and livelihoods, I'm all for it. The backlash from letting GM die would be far greater than you can imagine.
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If you stand for something, then how about you actually answer his question? Those who stand for something can give direct answers. Are you a fan of corporate bailouts or not?
 
xxstevennnxx said:
So.. as an independent you have no idea what you stand for, right? There's only two things in the middle of the road, yellow lines and dead possums. You either stand for something or you don't. It's better to stand up for what you believe as opposed to having no idea what you believe in.

As for corporate bail outs.. When the American Auto industry is on the line, along with millions of Jobs and livelihoods, I'm all for it. The backlash from letting GM die would be far greater than you can imagine.
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Look how cute you are. You sound a little like George Bush there. You are either with us or against us. Of course...the situational ethics...those are awesome too. You HATE corporate bailouts...unless it is done by your guy in which case you LOVE them...corporate bailouts are AWESOME...who care if the taxpayers ate it to the tune of 25% of their 'investment'...as long as the GM executives stayed employed...right? "Stick it to the man, man! Wait...we are the man? Dammit!!!...I mean...the man is AWESOME and deserves to be bailed out! Just not those OTHER men...**** them..."

As an independent I DO have a very clear idea of what I am for and against. The difference is I didnt cave on those principles depending on what the political party of the sitting president was. You...you are just a caricature. Your belief system is built on convenience and politics. Thats...tragic.
 
xxstevennnxx said:
Read the whole article and not just the headline..
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if 1.2 million jobs provided 39 billion in tax revenue over 2 years, that means each of those 1.2 million jobs provided 16k of tax revenue a year for two years. What are the odds that average auto worker jobs pay enough that the people are paying 16k in taxes to the feds?

Again, provide us with real number to support your claims, as the numbers in the article are BULL****.
 
Arbo said:
if 1.2 million jobs provided 39 billion in tax revenue over 2 years, that means each of those 1.2 million jobs provided 16k of tax revenue a year for two years. What are the odds that average auto worker jobs pay enough that the people are paying 16k in taxes to the feds?

Again, provide us with real number to support your claims, as the numbers in the article are BULL****.
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The automakers say that the average wage earned by its unionized workers is about $29 per hour.
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$60,000 a year. $9,404.00 net taxes. Just information, not a political position.
 
specklebang said:
$60,000 a year. $9,404.00 net taxes. Just information, not a political position.
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In theory that's 9k in taxes, in reality, they are 99% of the time lower. Even at 9k x 1.2 million workers, they fall far short of 39.4 billion in two years. So the numbers are bogus.
 
Hehe the OP is funny, with 34 posts, he clearly hasn't been around or took time to see that silly liberal meanderings are challenged here. ;)


Tim-
 
Arbo said:
In theory that's 9k in taxes, in reality, they are 99% of the time lower. Even at 9k x 1.2 million workers, they fall far short of 39.4 billion in two years. So the numbers are bogus.
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My figure is pretty accurate for a single person. As I said, I'm providing info, not taking a position. Certainly I'm not supporting the original claim. I'm just a stickler for accuracy.:peace
 
xxstevennnxx said:
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.
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It's too bad the taxpayers lost $10B in the process...
 
xxstevennnxx said:
I find it funny how cons will complain about the 10 billion tax payer dollars we lost from the GM bailout, yet not ONCE have I heard them complain about the BILLIONS of dollars we're throwing away in military spending making tanks and planes that will never be used.
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I would say it mostly deals with your failure to mention it in the OP and the fact we are not discussing military spending.
 
xxstevennnxx said:
We gained more money than we lost in the long run. That is a success. Take off your faux news goggles and join us in reality.

I doubt Faux will even report this story though. Or they'll try to give Bush Credit for the bailout
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Ok, first let's try again shall we...let's can the "faux news" crap, and discuss this like adults if you can. You are claiming that we gained more than $10 billion in tax revenue from the jobs saved, but you don't quantify it at all, just claim it...Let's see what you have to prove your claim.
 
specklebang said:
Thats why we are here. Some of us anyway. I change my mind based on things I learn in discussions here. If you don't let partisanship defeat your ability to learn, this (DP) is a great source of knowledge.

Is there anyone here who has never changed positions based on a revelation from another poster? If so, why are you even here?

(not you J-mac, I'm speaking generically)
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Agreed.
 
xxstevennnxx said:
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.

The "study" presumes GM couldn't have re-organized under bankruptcy.

Please begin.
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GM hasn't paid back the loan. A lot of Chinese jobs came out of it.
 
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