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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: RMF who wrote (60523)12/22/2012 8:16:41 AM
From: golfer722 Recommendations  Read Replies (2) | Respond to of 71588
 
The car companies and the banks should have been left to fail.They were too big to save.



To: RMF who wrote (60523)12/22/2012 2:15:53 PM
From: LLCF1 Recommendation  Read Replies (3) | Respond to of 71588
 
I love the whole gun debate... just crazy ass stuff. "Gun control doesn't work" is the mantra.... well, then why DONT we have automatic weapons? Why CANT I HAVE A BAZOOKA or grenade launcher?? Why can't I have my gun on the airplane?

Chanting sloagans and yelling is easier.... "Guns don't kill people... video games kill....ERRR... I mean Killers kill people!"

LOL

DAK



To: RMF who wrote (60523)12/24/2012 9:20:30 AM
From: Peter Dierks1 Recommendation  Read Replies (1) | Respond to of 71588
 
Thanks for proving my point. You did not know that Obama had cut funds for school preparedness and security. YOu indicated that by questioning a statement of fact. If you chose to obtain information from a wider range of sources than the formerly MSM you might know ab out it.

Message 28606757

Do you think that ALL schools should have police defending them?

Who's supposed to PAY for that?

It remains my opinion that all school funding should be local. The more local the decision the more it reflects the values of the community. In leftwing enclaves they could eliminate all campus security and have their children being raped by pedophiles and killed by mentally ill assailants who steal guns. In communities with more traditional values teachers could be armed and when a new term could enter the language: suicide by teacher.

Regardless of my opinion, Obama ended the programs. It appears was part of the same mentality that promoted Fast and Furious just hoping to create a backlash against gun violence. It is not less vile than a bad cop planting evidence on an innocent person they decided to arrest.

"I'm well aware that the government lost money on the GM bailout. I still think that just letting all the car companies go bankrupt would have been worse."

Nothing would have been worse than what happened. Even dissolution would have been better than what happened. All Obama did was give investors money to the unions and give them a very few years before their crippling excessive pay kills GM again. Non union pensioners were left with nothing. The Pension Guarantee program pays them pennies on the dollar of the retirement funds they earned.



To: RMF who wrote (60523)12/25/2012 12:14:35 AM
From: greatplains_guy1 Recommendation  Respond to of 71588
 
GM bailout protected wages, not jobs
By U-T San Diego Editorial Board
6 p.m., Dec. 23, 2012

The announcement that the federal government would sell 200 million shares of General Motors back to GM for $5.5 billion and then dispose of its remaining 300 million shares by early 2014 makes a vast taxpayer loss close to a certainty. If the remaining shares sell for the same $27.50 as the initial block of 200 million shares – and GM’s many headaches make a big stock surge unlikely – the hit would be $12.5 billion.

Was this worth it? If you believe the 1-million-jobs-were-saved claim, you may say yes. But that claim is based on the very dubious idea that GM would have disappeared without federal intervention. The decision by first President George W. Bush in 2008 and then President Barack Obama in 2009 to have the federal government invest in the automaker allowed GM to avoid the sort of normal bankruptcy process that would have helped it leverage a lower wage structure from the United Auto Workers, one that would have put GM on a par with most of its competitors.

Who agrees that the union made out very well from the taxpayer bailout? Stephen Rattner, the executive Obama chose to oversee the GM deal. “We should have asked the UAW to do a bit more. We did not ask any UAW member to take a cut in their pay,” he said.

Here’s one more twist on the outcome of the Troubled Asset Relief Program: Taxpayers made billions after the federal government was paid back with interest by the most reviled recipients of relief – big banks and the American Insurance Group. But not with General Motors, whose fundamentals were bad far before the housing bubble collapsed in 2007.

Keep this in mind when you hear simplistic talk about the “success” of the auto bailout.

utsandiego.com