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

To: TimF who wrote (598400)	1/18/2011 4:45:11 PM
From: J_F_Shepard	Read Replies (3) \| Respond to of 1577869

"GM "paid off" its loan with other money and special targeted tax breaks from the feds. That's not very meaningful." You would rather they didn't pay off?? Are they not profitable again....employing thousands? What other money and tax breaks are you refering to? Are they secret? GM stock which the government owns about 90% of will soon be sold at a large profit Not a profit when compared with all the money the feds have poured in to GM. Haven't they paid off that money? And yes....large profit. Too bad the whole deal didn't fail which would have made your day..now Obama may get some credit which is burning the ass of the RW... As for AIG it paid the government back with a conversion of the preferred stock to common stock. If the government can dump that all on the market for enough to cover the government's cost (ideally including the time value of money costs as well) then at that point it could be said to be paid back, but not yet. "Is that like saying they paid off with 20 dollar bills instead 100 dollar bills?" My god man, you're actually hoping for failure..... How about cancelling that tax cut for the very rich? "Not enough very rich to make much of a difference, esp. when the very rich have the ability to work around the tax increases, when higher tax rates on investment (which is where much of the income of the richest comes from), reduce, chase off, and distort investment, and when of the ordinary rich ran in to AMT instead of really getting a tax cut --" They kept the f..king tax cut they had for 10 years and only pay about 23% of AGI anyway....a fact you vigorously disagreed with when I brought it up originally.... And extending that cut was all it took to bribe the GOP into supporting everything OB had on the table in December..and now you say it doesn't make any difference anyway....make up your mind.... ----