paulitician
Platinum Member
- Oct 7, 2011
- 38,401
- 4,162
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Corporate Welfare is wrong. It's wrong when both Democrats and Republicans do it. So shame on you so-called OWS activists for celebrating this.
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It's fun watching Republicans trying to spin good news into bad.
Obama is the Democrats Reagan.
thats alot of jobs and taxes paid.
Im glad we didnt listen to the idiots that wanted it to die
Is it $25 Billion worth? That's what it cost.
Only if you ignore what we hold in the way of stock. That's about a third of the company's shares, which are well below its IPO price. Shares would have to nearly double for taxpayers to break even on the bailout.
Thanks to George Bush.
From wiki;
"In December 2008, U.S. President George W. Bush agreed to a $17.4 billion bailout for General Motors and Chrysler. The financing came from the $700 billion fund known as the TARP.[4] General Motors emerged from a Chapter 11 reorganization in 2009, with an initial public offering that was one of the world`s top 5 largest IPOs to date."
"In December 2008, U.S. President George W. Bush agreed to a $13.4 billion bailout for General Motors; within months, an additional $39 billion was added by the Barack Obama administration."
Is it $25 Billion worth? That's what it cost.
Only if you ignore what we hold in the way of stock. That's about a third of the company's shares, which are well below its IPO price. Shares would have to nearly double for taxpayers to break even on the bailout.
And they will. You GOP naysayers are praying that a US company that has been known for years as the backbone of America.....goes broke. You are sick!
....KARMA-time....
Is it $25 Billion worth? That's what it cost.
Only if you ignore what we hold in the way of stock. That's about a third of the company's shares, which are well below its IPO price. Shares would have to nearly double for taxpayers to break even on the bailout.
And they will. You GOP naysayers are praying that a US company that has been known for years as the backbone of America.....goes broke. You are sick!
It's fun watching Republicans trying to spin good news into bad.
Obama is the Democrats Reagan.
No need to spin.
The fucking government gave a shit load of our money to GM and the stock they bought is worth less than half what they paid for it.
Only a fucking idiot sheep would call that good news.
"Hey fellow flock mate, the shepherd is taking us to the abattoir today isn't that great news!"
August 25, 2011
"Taxpayers bailed out much of the U.S. auto industry. Now the carmakers might be what saves the nation's economy from falling back into recession.
After a massive restructuring and several high-profile bankruptcies, a leaner, more aggressive auto industry is making a comeback, hiring workers and ramping up manufacturing plants. From a trough two years ago, Ford Motor Co., General Motors Co., Chrysler Group and other auto companies have added almost 90,000 manufacturing jobs, a 14% increase, according to federal employment data.
Job growth in Michigan, which was devastated by the downturn, is even more robust. That's why Michigan's jobless rate stood at 10.9% in July, well below the 12% rate of California."
ANOTHER "Win" For Obama!!!!!
thats alot of jobs and taxes paid.
Im glad we didnt listen to the idiots that wanted it to die
Great job by President Obama to rescue both GM and Chrysler while conservatives whined that he would never see a cent of our money back
Now the "Let them fail" Republicans can answer to the voters
What a-holes,liars and fools the GOP are now. God bless the Big 3- they're making the best cars EVER too. Can't wait for the Dodge Dart (based on the fantastic Alfa-Romeo Giuletta!).
Great job by President Obama to rescue both GM and Chrysler while conservatives whined that he would never see a cent of our money back
Now the "Let them fail" Republicans can answer to the voters
We haven't seen a cent of our money back you idiot.
The stock is worth less than we paid for it therefore we have lost money
Great job by President Obama to rescue both GM and Chrysler while conservatives whined that he would never see a cent of our money back
Now the "Let them fail" Republicans can answer to the voters
We haven't seen a cent of our money back you idiot.
The stock is worth less than we paid for it therefore we have lost money
And they will. You GOP naysayers are praying that a US company that has been known for years as the backbone of America.....goes broke. You are sick!
Great job by President Obama to rescue both GM and Chrysler while conservatives whined that he would never see a cent of our money back
Now the "Let them fail" Republicans can answer to the voters
We haven't seen a cent of our money back you idiot.
The stock is worth less than we paid for it therefore we have lost money
The stock? You are a MORON.
BTW, stockholders of companies that go bankrupt don't do great. Greedy fools in this case.
We haven't seen a cent of our money back you idiot.
The stock is worth less than we paid for it therefore we have lost money
The stock? You are a MORON.
BTW, stockholders of companies that go bankrupt don't do great. Greedy fools in this case.
The country never was a stock holder before the union bail out you moron and the government should never own stock in a privately owned company.
If GM went into bankruptcy they would have undergone restructuring like any other private company.
Or would you rather have the fucking government just buy shares in every company that files bankruptcy?