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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (475396)	4/27/2009 3:01:21 PM
From: i-node	1 Recommendation Read Replies (1) \| Respond to of 1572506

>> BTW do you know if the auto industry loans are part of the deficit? Of course they are. But there is absolutely NO REASON to expect those loans to be repaid, because they aren't solving the basic financial problem, which is that unions make these companies financially untenable. Unless they agree to void the union contracts as part of the bankruptcy, these are permanent expenditures that will never be recovered. Obama has been lying through his teeth about "inheriting" a 1.8 Trillion deficit. The reality is that TARP and other programs that ARE likely to be repaid, at least in part, are a huge part of his "inheritance". It is OBAMA'S spending that is money down the tubes. Bush's, some may be down the tubes but there is at LEAST A CHANCE the taxpayers will get some of that money back. Of course, that bastard Obama will try to claim credit for it.

To: Road Walker who wrote (475396)	4/27/2009 3:05:43 PM
From: Tenchusatsu	1 Recommendation Read Replies (2) \| Respond to of 1572506

RW, > BTW do you know if the auto industry loans are part of the deficit? They will be ... news.yahoo.com > The new GM that would emerge from the restructuring would be 89 percent-owned by the U.S. government and the United Auto Workers unions, provided that workers and officials approve plans to take an ownership stake in exchange for debt. Government Motors ... might as well call it "The People's Car" (like Volkswagen) ... Tenchusatsu