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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (91770)	9/27/2010 12:36:41 PM
From: grusum	6 Recommendations Respond to of 224708

Regardless of profit, the bailout saved the US auto industry. an idiotic waste of money. GM will fail eventually. govie can put it off with another bailout, but it will still fail and all the money used on the failure is gone forever. socialism in action.

To: Kenneth E. Phillipps who wrote (91770)	9/27/2010 12:38:26 PM
From: TideGlider	Respond to of 224708

Yes Kenneth, I saw the parking lot full of auto workers drinking and smoking weed every day during their breaks. I think you mean regardless of "no profit and huge loss", but you are still wrong. The creditors that were screwed in the GM bankruptcy would have put together a more profitable company. All Obama did was bailout the union workers. breitbart.tv

To: Kenneth E. Phillipps who wrote (91770)	9/27/2010 12:41:52 PM
From: Carolyn	1 Recommendation Respond to of 224708

The bailout saved the UAW. For now.

To: Kenneth E. Phillipps who wrote (91770)	9/27/2010 1:42:29 PM
From: FJB	2 Recommendations Read Replies (2) \| Respond to of 224708

RE:the bailout saved the US auto industry The bailout was the final nail in the coffin for the industry. They would have been able to negotiate new labor contracts in bankruptcy. Now, they are done for sure.

To: Kenneth E. Phillipps who wrote (91770)	9/28/2010 8:10:28 AM
From: chartseer	4 Recommendations Read Replies (1) \| Respond to of 224708

Saved the industry or the Union? Would the industry have not survived but without the union? Meanwhile the bondholders were screwed as the rules were changed after the fact. Why were the troubled assets not redeemed? Wasn't that the reason for the TARP fund to redeem the troubled assets? Not to save the auto workers union. When if at all will the troubled assets be redeemed? Suppose they can never be redeemed without destroying the worlds economic systems? Why does the government keep giving billions after billions to freddie mac and fannie mae? Where does the government keep getting the billions it keeps giving freddie and fannie? How long will this keep going on? comrade chartseer