Obama’s and GM’s BIG government shafting of America & America’s workers & taxpayers

Robo

Robo

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Obama’s and GM’s BIG government shafting of America & America’s workers & taxpayers

Obama’s and GM’s BIG government shafting of America and America’s workers and taxpayers.

The Auto Bailout and the Rule of Law | National Affairs
www.nationalaffairs.com/publications/detail/the...
The bailouts of General Motors and Chrysler have been held up by President Obama and his supporters as a great success story — proof that, by working together, government and business can save jobs and strengthen the economy. But this popular narrative is dangerously misleading.

Why GM Still Owes Taxpayers -- The Motley Fool
www.fool.com/.../15/why-gm-still-owes-taxpayers.aspx
Technically, GM has repaid its big bailout loan from the U.S. government. But the Feds are likely to be out $10 billion when all is said and done. Here's why. GM has done its share, but taxpayers are still in the hole GM received a total of $49.5 billion from the U.S. government as part of its "bailout.". That money funded GM's high-speed bankruptcy proceeding and allowed the company to get back on its feet once it had exited bankruptcy in mid-2009.

General Motors set to close plants Michigan, Ohio, Maryland ...
www.usatoday.com/story/money/cars/2018/11/26/gm...
GM has about 1,500 employees at the Detroit plant, 1,600 at the Lordstown factory and 2,500 in Oshawa. About half of those workers will be given the chance to relocate to another GM operation, the ...
 
Robo said:
NO! Bush started the Bank bailouts. Obama continued them and added the Auto manufactures bailouts.
Click to expand...

Trump urges General Motors to reopen Ohio plant in tweet …

https://www.reuters.com/article/us-usa-general-motors-trump-idUSKCN1QX0Q0

Trump urges General Motors to reopen Ohio plant in tweet 1 Min Read A sign welcomes visitors to the General Motors Lordstown Complex, assembly plant in Warren, Ohio, U.S., November 26, 2018.


Trump urges General Motors to reopen Ohio plant in tweet
Yahoo Finance
36 minutes ago · In a tweet, Trump said "Because the economy is so good, General Motors must get their Lordstown, Ohio, plant open, maybe in a different form or with a new owner, FAST!" Trump …

https://finance.yahoo.com/news/trum...open-ohio-plant-tweet-214847009--finance.html
 
Saving the Big 3 saved hundreds of thousands of jobs. It was a great deal for the country. Obama did the right thing. Yep, they are closing factories and reopening others. Trump said they would not. he lied.
 
Nordberg said:
Saving the Big 3 saved hundreds of thousands of jobs. It was a great deal for the country. Obama did the right thing. Yep, they are closing factories and reopening others. Trump said they would not. he lied.
Click to expand...

No surprise here Nodi that you thought it was a wonderful deal. Of course, every damned fool knows that handing over taxpayers billions to Giant "CAPITALIST" corporations, letting them stiff the taxpayers for ten billion in promised repayment, then close up plants in states where Trump beat Hillary is a magnificent deal. Wonder if those auto workers weren't UNION workers if Obama would have been so intent on saving their jobs? What do you think good friend?
 
Robo said:
No surprise here Nodi that you thought it was a wonderful deal. Of course, every damned fool knows that handing over taxpayers billions to Giant "CAPITALIST" corporations, letting them stiff the taxpayers for ten billion in promised repayment, then close up plants in states where Trump beat Hillary is a magnificent deal. Wonder if those auto workers weren't UNION workers if Obama would have been so intent on saving their jobs? What do you think good friend?
Click to expand...

It is about the jobs ,when were shedding thousands a month. Last month of Bush, we lost 800,000 jobs in a month. Yeah, we needed jobs. Sometimes you have to do the imperfect to accomplish goals. Unions had nothing to do with it . Obama was not involved in an intricate plot. He was just trying to put people back to work.
 
Nordberg said:
Saving the Big 3 saved hundreds of thousands of jobs. It was a great deal for the country. Obama did the right thing. Yep, they are closing factories and reopening others. Trump said they would not. he lied.
Click to expand...

Ford didn't take any bailout money. So Obama didn't "save the big 3."
 
Robo said:
No surprise here Nodi that you thought it was a wonderful deal. Of course, every damned fool knows that handing over taxpayers billions to Giant "CAPITALIST" corporations, letting them stiff the taxpayers for ten billion in promised repayment, then close up plants in states where Trump beat Hillary is a magnificent deal. Wonder if those auto workers weren't UNION workers if Obama would have been so intent on saving their jobs? What do you think good friend?
Click to expand...


Do you ever stop and think?

z14labUnion-percent-1950-2010-442x336.png
 
kudzu said:
Trump urges General Motors to reopen Ohio plant in tweet …

https://www.reuters.com/article/us-usa-general-motors-trump-idUSKCN1QX0Q0

Trump urges General Motors to reopen Ohio plant in tweet 1 Min Read A sign welcomes visitors to the General Motors Lordstown Complex, assembly plant in Warren, Ohio, U.S., November 26, 2018.


Trump urges General Motors to reopen Ohio plant in tweet
Yahoo Finance
36 minutes ago · In a tweet, Trump said "Because the economy is so good, General Motors must get their Lordstown, Ohio, plant open, maybe in a different form or with a new owner, FAST!" Trump …

https://finance.yahoo.com/news/trum...open-ohio-plant-tweet-214847009--finance.html
Click to expand...

Trump can go fuck himself, GM isn't going to listen to him.
 
Robo said:
No surprise here Nodi that you thought it was a wonderful deal. Of course, every damned fool knows that handing over taxpayers billions to Giant "CAPITALIST" corporations, letting them stiff the taxpayers for ten billion in promised repayment, then close up plants in states where Trump beat Hillary is a magnificent deal. Wonder if those auto workers weren't UNION workers if Obama would have been so intent on saving their jobs? What do you think good friend?
Click to expand...

It was a great deal. it saved countless jobs and we got every dime back. not to mention not having to pay unemployment when all those jobs would have been lost.
 
Robo said:
Obama’s and GM’s BIG government shafting of America and America’s workers and taxpayers.

The Auto Bailout and the Rule of Law | National Affairs
www.nationalaffairs.com/publications/detail/the...
The bailouts of General Motors and Chrysler have been held up by President Obama and his supporters as a great success story — proof that, by working together, government and business can save jobs and strengthen the economy. But this popular narrative is dangerously misleading.

Why GM Still Owes Taxpayers -- The Motley Fool
www.fool.com/.../15/why-gm-still-owes-taxpayers.aspx
Technically, GM has repaid its big bailout loan from the U.S. government. But the Feds are likely to be out $10 billion when all is said and done. Here's why. GM has done its share, but taxpayers are still in the hole GM received a total of $49.5 billion from the U.S. government as part of its "bailout.". That money funded GM's high-speed bankruptcy proceeding and allowed the company to get back on its feet once it had exited bankruptcy in mid-2009.

General Motors set to close plants Michigan, Ohio, Maryland ...
www.usatoday.com/story/money/cars/2018/11/26/gm...
GM has about 1,500 employees at the Detroit plant, 1,600 at the Lordstown factory and 2,500 in Oshawa. About half of those workers will be given the chance to relocate to another GM operation, the ...
Click to expand...
Links don't work. Try reading in places that aren't a sewer.
 
Nordberg said:
It is about the jobs ,when were shedding thousands a month. Last month of Bush, we lost 800,000 jobs in a month. Yeah, we needed jobs. Sometimes you have to do the imperfect to accomplish goals. Unions had nothing to do with it . Obama was not involved in an intricate plot. He was just trying to put people back to work.
Click to expand...
Obama's plan was genius. Unions had skin in the game, and would now be bargaining against themselves during labor talks.

Funny how trump takes credit for a stable economy that was handed to him, but trumpkins are blaming Obama for the decline in domestic companies due to trump's tariffs.

You really can't make this stuff up.
 
Nordberg said:
It is about the jobs ,when were shedding thousands a month. Last month of Bush, we lost 800,000 jobs in a month. Yeah, we needed jobs. Sometimes you have to do the imperfect to accomplish goals. Unions had nothing to do with it . Obama was not involved in an intricate plot. He was just trying to put people back to work.
Click to expand...

Every bank that screwed over the folks and every auto manufacture who ran their business into the ground should have been left for the unemployment line. The Bush/Obama bailouts had no constitutional authority or reasonable accountability to expect or get a dime’s worth of taxpayers money. They created their own condition and any real definition of real capitalism required them to pay the price. Both the banks and GM are back up to their old tricks. GM still building too many different models of cars that nobody wants and the BIG banks getting even BIGGER to maintain the myth that they’re too damned BIG to fail. They should have gone out of business and the small banks picking up their customers, ditto for GM. The financial pain would have ended quicker and the market economy would have been way better off for it and the greedy crooked bastards would have left a genuine CAPITALIST precedent for the rest to take note of. Now we still have the same fire breathing dragon hanging over our heads, TOO BIG TO FAIL and jobs anchored to a failing, incompetent corporate moron and taxpayers screwed again for billions.
 
Port Tack said:
Trump can go fuck himself, GM isn't going to listen to him.
Click to expand...

GM is a dirtball incompetent corporate moron. Every American taxpayer should be outraged how the bastards stiffed the people who pay taxes for 10 billion $, and about their purely partisan decision to close plants in places where Trump beat Hillary just to set up the 2020 election for bleeping Democrats, (that party for the little guy). What a crock of shit that is!
 
Port Tack said:
It was a great deal. it saved countless jobs and we got every dime back. not to mention not having to pay unemployment when all those jobs would have been lost.
Click to expand...

Your apparent ignorance is astounding! GM stiffed the taxpayers for 10 billion $ and now their shoving it up the asses of their workers that voted for Trump. That's how leftist scum treat their working folk. Obey and be loyal to the party or get fucked!
 
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