2012 Presidential Debate - Townhall

Who Will Win Tonight's Debate


  • Total voters
    75
Too bad Obama is lying and doesn't know what he's talking about. When a company goes through bankrupt, it goes through restructuring; it doesn't just disappear.

It does if it has no investment capital

Point Obama

No, it doesn't. If GM were left to go bankrupt, a healthy car manufacturer would have stepped in and purchased GM's assets. Instead we subsidized a failing car company which is unable to compete in the global market and will need another bailout in the future just to remain in operation.

Then why did the Hummer deal fall through?
Why hasn't anyone bought saturn or pontiac?
 
Too bad Obama is lying and doesn't know what he's talking about. When a company goes through bankrupt, it goes through restructuring; it doesn't just disappear.

It does if it has no investment capital

Point Obama

No, it doesn't. If GM were left to go bankrupt, a healthy car manufacturer would have stepped in and purchased GM's assets. Instead we subsidized a failing car company which is unable to compete in the global market and will need another bailout in the future just to remain in operation.

There were no healthy car manufacturers in 2009.... That's why the government had to step in
 

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