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Thread: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

  1. #171
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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by Lord Tammerlain View Post
    Current Share Price is $31.39 and the initial cost to the taxpayer was $52 a share. Not looking good to me

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by Conservative View Post
    Current Share Price is $31.39 and the initial cost to the taxpayer was $52 a share. Not looking good to me
    Thinking far to short term

    The auto industry typically takes 4 years to bring new cars to the market, and significantly change its profits and sales based on qualilty product. GM is bring some good cars to the market in the next year or so, and as the Government motors tag drops off its sales will increase. So will its share price
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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by Lord Tammerlain View Post
    Thinking far to short term

    The auto industry typically takes 4 years to bring new cars to the market, and significantly change its profits and sales based on qualilty product. GM is bring some good cars to the market in the next year or so, and as the Government motors tag drops off its sales will increase. So will its share price
    The Taxpayers owning any private business should be short term and that is how it was sold. we weren't told that we were going to lose billions on this venture which served only to save union contracts. Ford was successful without a takeover and the taxpayers aren't paying anything with Ford.

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by Conservative View Post
    The Taxpayers owning any private business should be short term and that is how it was sold. we weren't told that we were going to lose billions on this venture which served only to save union contracts. Ford was successful without a takeover and the taxpayers aren't paying anything with Ford.
    good lord, again, showing how little you know about the economy...i know i have explained to you SEVERAL TIMES what would have happened if all those jobs were lost..union members were not the only ones that would have been screwed...perhaps you should take a few economic classes.

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by randel View Post
    good lord, again, showing how little you know about the economy...i know i have explained to you SEVERAL TIMES what would have happened if all those jobs were lost..union members were not the only ones that would have been screwed...perhaps you should take a few economic classes.
    You have no idea if the jobs would have been lost. How many jobs did United Airlines lose by declaring bankruptcy? How about Delta Airlines? Your precious unions have been saved at taxpayer expense. Wonder why Ford didn't need a bailout and a takeover by the govt. Ask your union stewards why Ford is still privately owned and unionized? Perhaps you should stop posting and do some research or have your union buddies do it for you as that is what you do best, get others to do what you should do yourself. One of these days you are going to look back and wonder what happened to your life being a wage slave and rising to head wrench operator on the assembly line.

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by Conservative View Post
    You have no idea if the jobs would have been lost. How many jobs did United Airlines lose by declaring bankruptcy? How about Delta Airlines? Your precious unions have been saved at taxpayer expense. Wonder why Ford didn't need a bailout and a takeover by the govt. Ask your union stewards why Ford is still privately owned and unionized? Perhaps you should stop posting and do some research or have your union buddies do it for you as that is what you do best, get others to do what you should do yourself. One of these days you are going to look back and wonder what happened to your life being a wage slave and rising to head wrench operator on the assembly line.
    Ford took out a mortgage on every piece of property it owned, providing it with massive lines of credit that it could use during the economic crisis to continue to operate. GM and Chrysler did not due that. As such when the economic crisis Ford had access to large amounts of debt financing, while GM did not. During the economic crisis finding anyone willing to loan such large amounts of money was extremely difficult. For example Goldman had to get Buffet invest around 9 billion in prefered shares that had a very decent yield, so did GE and Harley Davidson.

    GM during the economic crisis was not going to find anyone but the Chinese willing to lend it the amount of money it needed.
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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by Lord Tammerlain View Post
    Ford took out a mortgage on every piece of property it owned, providing it with massive lines of credit that it could use during the economic crisis to continue to operate. GM and Chrysler did not due that. As such when the economic crisis Ford had access to large amounts of debt financing, while GM did not. During the economic crisis finding anyone willing to loan such large amounts of money was extremely difficult. For example Goldman had to get Buffet invest around 9 billion in prefered shares that had a very decent yield, so did GE and Harley Davidson.

    GM during the economic crisis was not going to find anyone but the Chinese willing to lend it the amount of money it needed.
    Right and that is what private business normally does instead of going to the taxpayer for a bailout. Ford is doing quite well and better than GM/Chrysler. Ford won't cost the taxpayer a dime. GM took loans from the govt. prior to the taxpayer taking majority ownership in the company. That was done by Bush so GM did get money from the taxpayers on top of the takeover.

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by liblady View Post
    sorry, not yours. you did say your information was in line with conservative's though, and conservative's information DOES NOT state that all funds have been paid back, because they have not. we are realizing a profit because banks and other entities are paying us interest.
    His information was basically correct, as well what I posted. Last I heard, more than 75% of the TARP money loaned to banks had been paid back with interest. Citi is the only large bank that is behind on its payments and it has given the feds equity stock.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by Gill View Post
    His information was basically correct, as well what I posted. Last I heard, more than 75% of the TARP money loaned to banks had been paid back with interest. Citi is the only large bank that is behind on its payments and it has given the feds equity stock.
    So as indicated 75% of TARP has been repaid with interest there would be a profit to the taxpayer and since the money was released and spent in fiscal year 2009 shouldn't the repayment have gone to reduce the deficit by repaying the taxpayers? Where did the money go?

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    Re: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%

    Quote Originally Posted by Conservative View Post
    So as indicated 75% of TARP has been repaid with interest there would be a profit to the taxpayer and since the money was released and spent in fiscal year 2009 shouldn't the repayment have gone to reduce the deficit by repaying the taxpayers? Where did the money go?
    Good question. Based on the history of this bunch, probably in the pockets of supporters like the SEIU.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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