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Old 12-07-2011, 07:05 PM
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Riot Riot is offline
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Huh? GM was loaned $49.5 billion, has paid back $23.2 and has a balance left of $26.3 billion and that's the catch.
Why is that "a catch"? They are paying it back, Obama saved the auto industry, and it was a resounding success and everyone knows it. It saved hundreds of thousands of jobs.

You made the charge, and I quote, "It's not but it's pretty close to (insert name) union supporting Obama and then being thrown billions back under the guise of creating jobs."

So put up: Dell, what unions received money under the "guise", and what was the "guise" that didn't produce jobs? How much money did "the unions" receive?
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Old 12-07-2011, 07:54 PM
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Why is that "a catch"? They are paying it back, Obama saved the auto industry, and it was a resounding success and everyone knows it. It saved hundreds of thousands of jobs.
They are done paying it off get it and that's the catch. The 23.2% stake we have in GM (500 million shares) was it. If and only if GM gets to $52.60 will we be even. GM also announced this week it would be laying off salaried (white collar) employees.

BTW I just saw the Chevy Silverado (GM) was the second most popular vehicle in October but only rep. for GM.

Incidenty Ford, who received no, actually refused any bailout funds had the number one slot with the Ford F Series, the 4rth spot with the Escape, and the 6th spot with the Fusion. Only other American vehicle was the Dodge Ram.

Hope at least for our sake GM realizes the American public still wants trucks and SUV's and not golf cart like cars. Until our almost 1/4 share in GM is dissolved the Federal Government should refrain from making any regulations or changes to the auto industry to avoid even the appearance of any conflict of interest.

Last edited by dellinger63 : 12-07-2011 at 08:11 PM.
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Old 12-07-2011, 08:08 PM
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dellinger63 dellinger63 is offline
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You made the charge, and I quote, "It's not but it's pretty close to (insert name) union supporting Obama and then being thrown billions back under the guise of creating jobs."

So put up: Dell, what unions received money under the "guise", and what was the "guise" that didn't produce jobs? How much money did "the unions" receive?
When Obama was unloading the hundreds of billions, part of it was earmarked for local and State governments to be used to pay teachers, firemen, policemen etc. With that money the teachers,firemen, policemen etc. pay dues to their union. The union then in turn donates time and money back to Obama making everyone happy except of course the chumps paying for it.

The same with the money thrown at new road construction where the girl holding the SLOW sign is making $30/hr, kicks back to her union in dues and a check is sent to Re-Elect Obama or something similar.
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Old 12-07-2011, 08:21 PM
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When Obama was unloading the hundreds of billions, part of it was earmarked for local and State governments to be used to pay teachers, firemen, policemen etc. With that money the teachers,firemen, policemen etc. pay dues to their union. The union then in turn donates time and money back to Obama making everyone happy except of course the chumps paying for it.

The same with the money thrown at new road construction where the girl holding the SLOW sign is making $30/hr, kicks back to her union in dues and a check is sent to Re-Elect Obama or something similar.
So you are angry that union jobs were saved? What about the non-union jobs that were saved, were those okay?

But you said jobs were lost.
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