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[Politics] Topic: Obama: Let's bailout every industry |
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14daroad |
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#1 Posted: 8/9/2012 6:25:02 PM 
This guy actually believes losing $50 billion on GM (and ripping of the pensions of the Delphi workers) was a "success"
“Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry."
Yet the federal debt is set to $16 trillion on Monday.
Is there any difference between this guy and Hugo Chavez at this point? |
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canovsp |
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#2 Posted: 8/9/2012 9:08:40 PM |
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chilitokid |
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#3 Posted: 8/9/2012 9:18:01 PM
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chilitokid |
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#4 Posted: 8/9/2012 9:18:38 PM QUOTE Originally Posted by chilitokid:
When is GE moving to China?
If they do here's a market tip....buy Philips Medical stock
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TheGoldenGoose |
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#5 Posted: 8/9/2012 9:21:40 PM
I guess they should have had Union Representation.
Then they wouldn't have gotten fucked in the behind. 
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esplanade |
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#6 Posted: 8/9/2012 9:22:27 PM
Pathological liar................................
Narcissist..........................
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depeche2 |
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#7 Posted: 8/9/2012 10:08:56 PM QUOTE Originally Posted by 14daroad:
This guy actually believes losing $50 billion on GM (and ripping of the pensions of the Delphi workers) was a "success"
“Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry."
Yet the federal debt is set to $16 trillion on Monday.
Is there any difference between this guy and Hugo Chavez at this point?
So you think tax credits and eliminating offshore loopholes are industry bailouts?
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SarasotaSlim |
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#8 Posted: 8/9/2012 11:12:51 PM Not to mention GM doesn't pay income tax on it's US profits.... [until it uses up losses carried forward from before its 2009 bankruptcy filing ]something other companies emerging from bankruptcy ..almost never are allowed to do ..........
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SarasotaSlim |
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#9 Posted: 8/9/2012 11:32:07 PM Chevrolet says buyers who don't love their new cars or trucks this summer can return them for a refund within 60 days...
Return your new GM car or truck for a refund of the purchase price plus sales tax..the 55%'ers the ones who pay taxes will foot the bill ... |
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AustinHoopDream |
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#10 Posted: 8/9/2012 11:39:14 PM QUOTE Originally Posted by 14daroad:
This guy actually believes losing $50 billion on GM (and ripping of the pensions of the Delphi workers) was a "success"
“Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry."
Yet the federal debt is set to $16 trillion on Monday.
Is there any difference between this guy and Hugo Chavez at this point?
not to introduce facts to the discussion, but the current loss is at about $16B or roughly 66% less than your b.s. math...
but carry on |
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dl36 |
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#11 Posted: 8/10/2012 3:03:03 AM   bail outs
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dl36 |
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#12 Posted: 8/10/2012 3:03:40 AM QUOTE Originally Posted by esplanade:
Full blown statist................................
Pathological liar................................
Narcissist..........................
I agree you are... and I dont seem to be the only one
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dl36 |
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#13 Posted: 8/10/2012 3:04:01 AM QUOTE Originally Posted by AustinHoopDream:
not to introduce facts to the discussion, but the current loss is at about $16B or roughly 66% less than your b.s. math...
but carry on
stop picking on him...
math, numbers, reality.... not his strong suit
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14daroad |
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#14 Posted: 8/10/2012 9:05:40 AM So you think tax credits and eliminating offshore loopholes are industry bailouts?
Huh? That isn't what was done with GM.
So it is unclear what you're talking about.
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14daroad |
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#15 Posted: 8/10/2012 9:13:56 AM not to introduce facts to the discussion, but the current loss is at about $16B or roughly 66% less than your b.s. math
Oh really?
The Treasury still owns 26.5% of GM, or 500 million shares. Taxpayers are still out $26.4 billion in direct aid. Shares would have to hit $53 for the government to break even.
Those shares were worth about $9.8 billion as of Monday. That would leave taxpayers with a loss of $16.6 billion.
But that's not the full tally. Obama let GM keep $45 billion in past losses to offset future profits. Those are usually wiped out or slashed, along with debts, in bankruptcy. But the administration essentially gifted $45 billion in write-offs (book value $18 billion) to GM. So when GM earned a $7.6 billion profit in 2011 (more on that below), it paid no taxes. |
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14daroad |
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#16 Posted: 8/10/2012 9:15:25 AM stop picking on him...
math, numbers, reality.... not his strong suit
Yet another brilliant post from you.
Of course you couldn't prove me wrong if there was a $1,000,000 reward to do so. |
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14daroad |
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#17 Posted: 8/10/2012 9:20:11 AM
"Union representation" had nothing to do with the political decision to slash non-union worker's pensions.
But remember, you support "the middle class" and "workers"
You do.
Really.
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SirJohnDrake |
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#18 Posted: 8/13/2012 11:04:20 PM Obama is a real hypocrite...he wants to bail out everybody using tax payer's money, redistribute the wealth to help poor people yet at the same time his own half-brother who lives in destitute poverty in africa he won't give a dime of his millions that he has in his bank account to help his poor destitute brother...what a sap of a hypocrite!
Romney and Ryan in 012! 
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lordspoint |
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#19 Posted: 8/14/2012 12:59:45 AM
Carry on Sir Obama.... |
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14daroad |
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#20 Posted: 8/14/2012 8:38:07 AM stop picking on him...
math, numbers, reality.... not his strong suit
Oh really?
Washington -The Treasury Department says in a new report the government expects to lose more than $25 billion on the $85 billion auto bailout. That's 15 percent higher than its previous forecast.
So why do you comment on topics you don't understand again?
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Colts03 |
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#21 Posted: 8/14/2012 10:35:38 AM QUOTE Originally Posted by canovsp:
I hope the Romney campaign is putting a commercial together about how the people at Delphi got screwed. That will be a hard one for Team Obama to respond to.
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djbrow |
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#22 Posted: 8/14/2012 11:09:23 AM {{{{He could start with the post office....oh wait those are public sector jobs and get bailed out daily.
Carry on Sir Obama....}}}
Of course every administration has been bailing out the Post Office since they started to operate at a loss (and arguably, even before since they operated on a net future loss salary schedule). |
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lordspoint |
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#23 Posted: 8/14/2012 11:26:41 AM |
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djbrow |
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#24 Posted: 8/14/2012 11:34:15 AM And your concern, whilst valid, would be applicable to every President before him and likely after. People generally don't want to hear about hard solutions.
What is Romney's Post Office solution since this is obviously a very important issue to you? |
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SarasotaSlim |
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#25 Posted: 8/14/2012 12:37:18 PM I hear Romney's solution to the postal problem is to work with La Raza to ID unemployed Mexican illegals,..granting them green card status so that they can provide the bulk of the Post Office work force....this will serve a duel purpose...get aliens out of the shaddows and on the path to the American dream, whilst busting the PO union ..................... |
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