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

donc;1059473238]What did i ask for proof of? :confused:
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Taxpayers losing billions which you don't seem to believe.


The loan was signed by President Jimmy Carter in the White House on January 7, 1980, on August of 1983, Chrysler paid off the loan, seven years early, at a profit for the government.
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A loan is different than a takeover. The govt. will be liquidating ownership at around $32 a share

What hits you in the face with the above paragraph conservative? Did your partisan blinders fail to see the three and a half years between the Gov. loan and the payoff and profit? If anyone cares to look it up they will find that Iacocca was trying to get the Gov. to forgive the loan
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This isn't a loan, this was a govt. takeover and buyout. You don't seem to know the difference.
 
QUOTE Gill;

What does Carter's Chrysler loan 30 years ago
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They were both loans, much like the loans to the banks but unlike the loans to the banks that gets eaten up by outrageous bonus for running a bank into the ground, while denying loans for small businesses, the loans to the AUTO INDUSTRY IS CREATING JOBS FOR AMERICA. Like I pointed out.
 
donc said:
They were both loans, much like the loans to the banks but unlike the loans to the banks that gets eaten up by outrageous bonus for running a bank into the ground, while denying loans for small businesses, the loans to the AUTO INDUSTRY IS CREATING JOBS FOR AMERICA. Like I pointed out.
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The govt. took over GM/Chrysler and put their own manager in charge, that isn't a loan.
 
donc said:
They were both loans, much like the loans to the banks but unlike the loans to the banks that gets eaten up by outrageous bonus for running a bank into the ground, while denying loans for small businesses, the loans to the AUTO INDUSTRY IS CREATING JOBS FOR AMERICA. Like I pointed out.
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Except that the TARP loans to banks have been paid back with interest. I doubt all the money given to General Motors and Chrysler (UAW) will ever be paid back in full.
 
Gill said:
Except that the TARP loans to banks have been paid back with interest. I doubt all the money given to General Motors and Chrysler (UAW) will ever be paid back in full.
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Bush authorized a loan, Obama took over the companies. Donc doesn't know the difference.
 
Gill said:
Except that the TARP loans to banks have been paid back with interest. I doubt all the money given to General Motors and Chrysler (UAW) will ever be paid back in full.
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They were saying the same about the "Chrysler Corporation Loan Guarantee Act" but that was paid back with a profit.
 
Gill said:
Except that the TARP loans to banks have been paid back with interest. I doubt all the money given to General Motors and Chrysler (UAW) will ever be paid back in full.
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not all the tarp loans have been paid back.
 
StillBallin75 said:
Except that the unemployment rate went up again, even after excluding discouraged workers. It's not ALL a happy picture.
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washunut said:
It is true that the economy is slowly improving. We have to remember that the economy still has unprecedented fiscal and monetary policy going for it. If you notice the breakout of the numbers, the private sector hired while the public sector continues to reduce. This will continue as state and local budgets have to brought into balance and stimulus money is going away. Not that this is bad but it will be a lag on the economy for some time.
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Washunut is correct. The public sector has shed jobs (both federal and state) not to mention several natural disasters have had a negative impact on employment across the country. We've had major snow fall in the north-east, tornados in the south, and severe flooding in the mid-west. As a result, the unemployment numbers rose slightly mostly due to public employees claiming unemployment benefits and agriculture jobs taking a big hit! The good news is despite the impact nature has had on our national economy coupled with higher gas prices, the private sector continues to add jobs.

I predict that as the summer comes around we'll start seeing alot more hiring in housing (re)construction and infrastructure at the state-level especially in the mid-west and the south. As for those farm subsidies that were about to go away, I think it's fair to say they'll be off the table with all the farm land the Army Corp of Engineers had to flood (and it looks like they may have to do it again).

All-in-All, the 2Q jobs report for FY2011 is looking pretty good under the circumstances.
 
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Conservative said:
Right, GM/Chrysler "loans" have not been paid back, most of the bank loans have, any idea where the money went?
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Yep, you are correct. I believe CitiBank is the only that hasn't paid the loans back in full and they've paid about half and given stock to the government to cover most of the rest of it. GM and Chrysler are way behind and will probably never get it all paid back despite the lies told by GM's CEO in the commercial last year.
 
Conservative said:
Bush authorized a loan, Obama took over the companies. Donc doesn't know the difference.
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Do you mean if “GM” reaches the mid twenties (where my limit point is) my money will be going to Obama? :shock:
 
Objective Voice said:
Washunut is correct. The public sector has shed jobs (both federal and state) not to mention several natural disasters have had a negative impact on employment across the country. We've had major snow fall in the north-east, tornados in the south, and severe flooding in the mid-west. As a result, the unemployment numbers rose slightly mostly due to public employees claiming unemployment benefits and agriculture jobs taking a big hit! The good news is despite the impact nature has had on our national economy coupled with higher gas prices, the private sector continues to add jobs.

I predict that as the summer comes around we'll start seeing alot more hiring in housing (re)construction and infrastructure at the state-level especially in the mid-west and the south. As for those farm subsidies that were about to go away, I think it's fair to say they'll be off the table with all the farm land the Army Corp of Engineers had to flood (and it looks like they may have to do it again).

All-in-All, the 2Q jobs report for FY2011 is looking pretty good under the circumstances.
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The fact remains, Obama has spent over a trillion dollars and we have more unemployed today than when Obama took office and over 2.6 million fewer employed today than in January 2009. That isn't pretty good under any circumstances. The current debt today is 14.3 trillion or up 3.5 trillion in a little over two years and these are the results we get?
 
Gill said:
Yep, you are correct. I believe CitiBank is the only that hasn't paid the loans back in full and they've paid about half and given stock to the government to cover most of the rest of it. GM and Chrysler are way behind and will probably never get it all paid back despite the lies told by GM's CEO in the commercial last year.
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wrong. the bank i work for has not repaid it's tarp. however, we did make a bucket on interest. anyway, tarp cost less than the S&L crisis in the 80's, as a % of gdp.

Bailout List: Banks, Car Companies, and More | Eye on the Bailout | ProPublica
 
donc said:
Do you mean if “GM” reaches the mid twenties (where my limit point is) my money will be going to Obama? :shock:
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If GM stock hits the mid Twenties the taxpayer will lose another $7 a share over what the proposal is to get the taxpayer out of the GM deal. What the hell just a few billion more in losses.
 
liblady said:
wrong. the bank i work for has not repaid it's tarp. however, we did make a bucket on interest. anyway, tarp cost less than the S&L crisis in the 80's, as a % of gdp.

Bailout List: Banks, Car Companies, and More | Eye on the Bailout | ProPublica
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Not sure where this information came from but here is what the Wall Street Journal is posting as of the end of March

TARP Repayments Push US Bank Bailout into Profit - Wall Street & Technology

Pretty simple question that is being ignored, WHERE DID THE REPAYMENT GO since the deficit in the last two plus years is approaching 4 trillion dollars? Shouldn't the repayment go to reducing the deficit?
 
Conservative said:
Not sure where this information came from but here is what the Wall Street Journal is posting as of the end of March

TARP Repayments Push US Bank Bailout into Profit - Wall Street & Technology

Pretty simple question that is being ignored, WHERE DID THE REPAYMENT GO since the deficit in the last two plus years is approaching 4 trillion dollars? Shouldn't the repayment go to reducing the deficit?
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Yeah, that's in line with the information I have. I'm not sure where her link gets in info from, but it looks wrong.
 
Gill said:
Yeah, that's in line with the information I have. I'm not sure where her link gets in info from, but it looks wrong.
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nor will we get a response either as that happens a lot. Liberals make claims then when those claims are refuted they go into hiding. What is it about an ideology that creates such loyalty and cult like mentality?
 
The Prof said:
i understand

being an aged california public school teacher who paid off his house when he was 51, i have a huge surplus income and nowhere to put it

i believe in real value, whatever that is, but these days it might be an 18 wheeler full of guns

or a big tank of gasoline

a house, even if paper is worthless, still has some instrinsic worth

i feel forced to move up

my point---when home prices are low, the differential between my modest 3 bedroom and that mini mansion in the gated retirement community is constantly shrinking

so i wait

and i don't really want to move, i finally got this place exactly like i want it

oh well

we all got problems in tuff times like these

stay up
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living on that public pension, huh?
 
Conservative said:
nor will we get a response either as that happens a lot. Liberals make claims then when those claims are refuted they go into hiding. What is it about an ideology that creates such loyalty and cult like mentality?
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i posted a link........and i know for certain my bank has not paid back ours. you all seem to be forgetting the lesser known banks. nothing posted refutes my claim, so stop the juvenile posturing.
 
j-mac said:
No, I know what you are saying, and believe me, it is NOT what I thought was acceptable at the time when Bush was touting this as acceptable either. But IF I read you correctly, either you are saying that 'it's ok because Bush did it too'... or, you are saying that these jobs are acceptable to you because it is your choice for President carrying the banner, and using these numbers as success. Neither in my opinion is a very positive light shining on your POV with respect to this.

j-mac
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no, what i am saying is any job growth is a sign of life, and i'm not ready to declare us finished.
 
liblady said:
i posted a link........and i know for certain my bank has not paid back ours. you all seem to be forgetting the lesser known banks. nothing posted refutes my claim, so stop the juvenile posturing.
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I seem to see that the biggest offenders are Govt. controlled entitities, Freddie and Fannie, AIG, and GM/Chrysler. The lessor known banks have very limited liability in the overall picture. My question remains, where did the payback go for those banks that did repay the loans and why aren't you asking that question?

The link I posted was March 2011 and shows that taxpayer will get a profit. Wonder if the taxpayer will ever see it?
 
Gill said:
Yeah, that's in line with the information I have. I'm not sure where her link gets in info from, but it looks wrong.
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um...do you NOT realize that we've made a ton on interest payments? Not because it's all been repaid. your link says nothing of the sort.....

The transfers to the Troubled Asset Relief Program will push recoveries from banks to $251 billion in repayments of capital, dividends, interest and other income. It invested $245 billion in banks during the financial crisis to help avert a U.S. financial system collapse.
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liblady said:
no, what i am saying is any job growth is a sign of life, and i'm not ready to declare us finished.
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With a growing population do you think that more unemployed this month vs. last month and fewer employed this year vs 2009 is growth?
 
liblady said:
um...do you NOT realize that we've made a ton on interest payments? Not because it's all been repaid. your link says nothing of the sort.....

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My link ????
 
Conservative said:
I seem to see that the biggest offenders are Govt. controlled entitities, Freddie and Fannie, AIG, and GM/Chrysler. The lessor known banks have very limited liability in the overall picture. My question remains, where did the payback go for those banks that did repay the loans and why aren't you asking that question?

The link I posted was March 2011 and shows that taxpayer will get a profit. Wonder if the taxpayer will ever see it?
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nor will we get a response either as that happens a lot. Liberals make claims then when those claims are refuted they go into hiding. What is it about an ideology that creates such loyalty and cult like mentality?
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you posted that my claims were refuted. they were not, and you also posted i ran away. i did not. juvenile posturing on your part to then come back and change the questions.
 
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