How's that auto bailout coming?

[faethor]

The first poll ever now has a slight lead to those that approved of the bailout results. In 2009 60% of Americans held a negative opinion. That's now slipped to roughly 32% with a negative opinion. Public is warming to the idea Why? Well they are seeing this as a net positive event. And it of course helps that the $80 Billion is now only about $14 Billion and that ~126K new jobs were created, not to mention the large number of those who maintained their jobs, homes, families, etc.

Simply put - success of the program is convincing people that this was the right thing to do.

 

[Glaucus]

Yep. And now would be the best time to bring in some tough reforms.

 

[Dammy]

The first poll ever now has a slight lead to those that approved of the bailout results. In 2009 60% of Americans held a negative opinion. That's now slipped to roughly 32% with a negative opinion. Public is warming to the idea Why? Well they are seeing this as a net positive event. And it of course helps that the $80 Billion is now only about $14 Billion and that ~126K new jobs were created, not to mention the large number of those who maintained their jobs, homes, families, etc.

Simply put - success of the program is convincing people that this was the right thing to do.

$14B is a loss (ie pissed away), not an investment and I really would like to see where you got 126K new jobs. Of the original money loaned that was paid back, how much was it paid back that was either never spent or a simple shell game of the additional billions that Government Motors borrowed from the US government at a cheaper rate to pay off the original government loan. It's been a shell game from word go, just like the Obama administration.

 

[FluffyMcDeath]

The bailout of GM was likely a better deal than the bailout of the banks. GM at least, makes things. As for the banks, we know they've been paying back the bailout with more bailout. The Government could have taken ownership of all those institutions and used them to move money into the economy for much less than the cost of the bailouts.

However, so long as the money keeps people working then the government will get money back from taxing the income and taxing the sales of the product and all the other sales taxes that working people pay and non-working people can't. Government finances aren't like business finances - and that is why people who say that governments should use business accounting are mistaken. The government has a very different relation to money than any business as the government decides what money is.

 

[redrumloa]

The first poll ever now has a slight lead to those that approved of the bailout results. In 2009 60% of Americans held a negative opinion. That's now slipped to roughly 32% with a negative opinion. Public is warming to the idea Why? Well they are seeing this as a net positive event. And it of course helps that the $80 Billion is now only about $14 Billion and that ~126K new jobs were created, not to mention the large number of those who maintained their jobs, homes, families, etc.

Simply put - success of the program is convincing people that this was the right thing to do.

Go ask the bond holders who got ass f***ed how they feel.

 

[FluffyMcDeath]

Go ask the bond holders who got ass f***ed how they feel.

They were mostly the one percent and union pension funds. I wonder how they would have felt if GM had simply gone down the drain taking all value with it?

 

[faethor]

Go ask the bond holders who got ass f***ed how they feel.

Certainly the GM Bond Holders should feel bad. So I take it you want more money in the deal than what Bush or Obama committed to ensure that payout.

 

[redrumloa]

They were mostly the one percent and union pension funds. I wonder how they would have felt if GM had simply gone down the drain taking all value with it?

Bzzt wrong, but thanks for playing. The bonds were mostly held by the general public, you know, little old ladies. In bankruptcy law bond holders would have been first in line for relief. Obama blatantly disregarded 500+ years of bankruptcy law to pay off his union cronies. The union cronies who are, stay with me here, the 1%.

 

[redrumloa]

Certainly the GM Bond Holders should feel bad. So I take it you want more money in the deal than what Bush or Obama committed to ensure that payout.

I want bankruptcy law to be enforce BY THE LAW. Really weird concept, think about it for a while.

 

[FluffyMcDeath]

The bonds were mostly held by the general public, you know, little old ladies.

The greater part of ALL stocks and bonds are held by the 1% even though there are very few of them.

The union cronies who are, stay with me here, the 1%.

'fraid not. Union "cronies" are upper middle class - in the top 20%, but not 1%.

 

[FluffyMcDeath]

Hmm. Maybe the folks that owned the bonds really were made whole, but the beneficiaries weren't. Interesting idea.

 

[robert l. bentham]

excerpt

"Well, I believe things are getting more and more interesting.

Both Germany and Switzerland have come out saying they want their Gold back from storage at the N.Y. Fed.

Considering the U.S. went into Iraq over trading oil outside of the dollar, Libya for daring to talk about trading oil for a gold backed currency. Let's not forget Iran now wanting to trade oil for gold and by passing the dollar, so now the U.S. is ready to start a war there.

With Germany and Switzerland wanting their Gold back from the U.S., what is the U.S. going to do? They can't exactly invade those countries. So is their other option is to invade other countries around the world that have their own gold stored in the country to get enough to give Germany and Switzerland?"

http://sherriequestioningall.blogspot.com/2012/03/both-germany-and-switzerland-want-their.html

hahahahahahahahaha!!!!

 

[faethor]

I want bankruptcy law to be enforce BY THE LAW. Really weird concept, think about it for a while.

So you don't actually care about the Bond holders. Instead you prefer to ass f***ed everyone. Got it!

 

[redrumloa]

So you don't actually care about the Bond holders. Instead you prefer to ass f***ed everyone. Got it!

I guess you have a hard time understanding what first in line for relief means.