Page 12 of 12 FirstFirst ... 2101112
Results 111 to 114 of 114

Thread: US car bail-out talks 'collapse'

  1. #111
    Professor

    Join Date
    Sep 2008
    Last Seen
    02-13-09 @ 05:15 PM
    Lean
    Conservative
    Posts
    1,942

    Re: US car bail-out talks 'collapse'

    Quote Originally Posted by Slippery Slope View Post
    Seems to me that we put 700billion up for grabs to the financial sector to stop the bleeding and so they could start giving out loans again but it kinda looks like they are just hording the money to buy out the smaller firms/banks.

    I mean if you plan to give away 700billion, I think a better way to not only jump start the economy but slow/stop the forclosure rate would have been to give the money to the people who filed taxes.

    According to taxfoundation.org 135,660,228 people filed income tax in 2008 (for year 2007). Divide $700,000,000,000 by 135,660,228 = $5159.95

    In a household with 2 working adults that's $10319.90

    Instead we give the money to banks so they can sit on it while the economy worsens and foreclosures continue.
    And once again demonstrating the efficacy of starving the beast. Government ain't the answer. But you carp that the FDA is underfunded.

    Don't you know...all government agencies are underfunded, at least wehn you talk to the careerists and those with an interested stake in the operations of the department.

  2. #112
    Banned
    Join Date
    Aug 2008
    Location
    in a neocon's craw
    Last Seen
    04-24-17 @ 10:55 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    2,801

    Re: US car bail-out talks 'collapse'

    Quote Originally Posted by JMak View Post
    And once again demonstrating the efficacy of starving the beast. Government ain't the answer. But you carp that the FDA is underfunded.

    Don't you know...all government agencies are underfunded, at least wehn you talk to the careerists and those with an interested stake in the operations of the department.
    How is that starving the beast? Government is part of the answer, obviously. Our government has been involved in the market for... well forever, in the USA.

    I guess you didn't read anything from the links... Of course SOME people will always say they are underfunded but all we have to do is examine the efficacy to determine if there is enough money and manpower. If the people are doing their job but there just isn't enough people or enough resources then you can conclude that funding is a problem.

  3. #113
    Sage
    Khayembii Communique's Avatar
    Join Date
    Nov 2006
    Location
    Milwaukee, WI
    Last Seen
    Yesterday @ 07:18 PM
    Gender
    Lean
    Undisclosed
    Posts
    7,897

    Re: US car bail-out talks 'collapse'

    Don't know if this has already been posted, but Bush approved an auto industry bailout that was nearly identical to the one shot down by the republicans.

    Bush Approves Auto Industry Bailout

    President Bush has approved a $17.4 billion auto bailout, with $13.4 billion in emergency loans to prevent the collapse of GM and Chrysler and another $4 billion to be handed out in February.

    The loans are meant to be a lifeline and will keep the companies afloat until March 31st. At that point, says the NYT, the Obama administration will "determine if the automakers are meeting the conditions of the loans and will continue to receive government aid or must repay the loans and face bankruptcy."

    The terms of the bailout are almost identical to the plan rejected by Republicans in the Senate a week ago.

    Source

  4. #114
    User
    Join Date
    Dec 2008
    Last Seen
    12-24-08 @ 04:19 AM
    Lean
    Private
    Posts
    3

    Re: US car bail-out talks 'collapse'

    im glad. this billion dollar bailout should go straight to the consumers. i guarantee this would stimulate the economy

Page 12 of 12 FirstFirst ... 2101112

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •