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

To: i-node who wrote (769012)	2/11/2014 2:51:53 PM
From: Alex MG	Respond to of 1575919

but he didn't want GM to be given a bailout... he wanted GM to fail... thousands upon thousands of people out of work which would have caused a huge economic catastrophe... the bailout worked that's the point, you pinhead

To: i-node who wrote (769012)	2/11/2014 3:52:32 PM
From: tonto	Read Replies (1) \| Respond to of 1575919

No he did not. Romney called for back then funding to be provided for by private industry, but with guarantees by the government. Obama had looked into the same thing but had not considered loan guarantees by the government. It is highly doubtful that banks could have lent the money with those guarantees even had they wanted to...both supported managed bankruptcies. They both were on the same page there. Romney supported auto bail outs, it was just post bankruptcy instead of beforehand.