Thank you, President Obama

[Cancel 2020.1]

1) For passing the stimulus, despite screaming opposition (what I guess righties today call “whining”), and many predicting it would lead to a Depression and further stock market losses. Instead, it turned the economy around, saved & created over 3 million jobs and did what it was supposed to do – right the ship.
2) For bringing the perpetrator of 9/11 to justice.
3) For giving health insurance to millions of working Americans. Though very flawed, America will one day insure all of its people effectively and affordably, and you got it started.
4) For basically (along with Bush) saving the American auto industry. Over 250,000 jobs since the bailout.
5) For making the planet & our environment a national priority.
6) For starting to reform the banking industry
7) For major reforms to the student loan program and an increase in Pell Grants
8) For aggressive persecution of ISIS, reducing their #’s dramatically, as well as their territory

And lastly, for being a calm, intelligent and measured leader, and keeping a cool head during crisis. We’re about to see the opposite of that.

Obama has had his failures, but overall, he leaves office with very high approval ratings for an outgoing President, and his legacy will be solid.

 

[cawacko]

So F'ing over bondholders at GM was a good thing?

 

[Cancel 2020.1]

So F'ing over bondholders at GM was a good thing?

The auto bailout was definitely a good thing.

Please.

 

[cawacko]

The auto bailout was definitely a good thing.

Please.

Please what? You are taking firms that couldn't compete and instead of forcing them to change to meet market demand allowed them to continue to operate in present form.

 

[Cancel 2018.1]

Thank you for not being worse than you could've been.
Below avg. isn't too bad in that respect.

 

[Ralph]

The auto bailout was definitely a good thing.

Please.

Right....I enjoy MY TAX DOLLARS gong to pay the retirements for UNION THUGS. Thats the kind of stuff that existed in NAZI GERMANY with the socialist workers party...ie. the NAZI PARTY where the state controlled industry.

You ought to be thanking Barry for placing more people on welfare, producing more poverty spending more money than any president in US HISTORY.....reducing the US LABOR force to its lowest rate in 40 years...while stagnating the GNP and median income of those who are fortunate enough to still be in the labor force.

The rest of the dog and phony show that wasted 10 trillion dollars can be signed away with an executive pen stroke.

And you can tell by the recent election...THE WORKING PEOPLE thanked him exactly the way he should have been thanked. It was the same people that voted him in that rejected his failed policies this time in Wis. Ohio, Michigan, and Pa.

THANKS BARRY....don't let the door hit you in the ass on the way out. THE PEOPLE HAVE JUDGED AND SPOKEN.

 

[anatta]

Have a nice Legacy.
Please don't feel the need to comment on the next sitting president and break tradition.

 

[Cancel 2020.1]

Please what? You are taking firms that couldn't compete and instead of forcing them to change to meet market demand allowed them to continue to operate in present form.

While I don't disagree w/ the PRINCIPLE of that, you're looking at it purely from a textbook-perspective.

The reality is, going by the textbook in this case would have caused misery for countless working Americans. And it's not just the people employed by the auto companies. It's the suppliers and everyone else. There were whole towns built around auto workers - restaurants, retail, services, etc.

And it would have dealt an additional major blow to our economy, at a time when we were essentially losing trillions.

No, thanks. Millions should always be grateful for that bailout.

 

[Mr.Badguy]

Please what? You are taking firms that couldn't compete and instead of forcing them to change to meet market demand allowed them to continue to operate in present form.

Are you claiming GM didn't change? I guess you see 2016 Hummers, Saturn's, Pontiacs, and Oldsmobiles out on the road?

 

[cawacko]

While I don't disagree w/ the PRINCIPLE of that, you're looking at it purely from a textbook-perspective.

The reality is, going by the textbook in this case would have caused misery for countless working Americans. And it's not just the people employed by the auto companies. It's the suppliers and everyone else. There were whole towns built around auto workers - restaurants, retail, services, etc.

And it would have dealt an additional major blow to our economy, at a time when we were essentially losing trillions.

No, thanks. Millions should always be grateful for that bailout.

Going bankrupt does not mean the companies would have gone out of business and all people would have lost jobs. And by not allowing them to go bankrupt the gov't had no clue who was out there that could have stepped in to purchase the companies. Instead the gov't said it had to do it because it was about the unions.

This was political crony capitalism at its finest.

 

[cawacko]

Are you claiming GM didn't change? I guess you see 2016 Hummers, Saturn's, Pontiacs, and Oldsmobiles out on the road?

We were talking about the bailout badguy.

 

[Cancel 2020.1]

Going bankrupt does not mean the companies would have gone out of business and all people would have lost jobs. And by not allowing them to go bankrupt the gov't had no clue who was out there that could have stepped in to purchase the companies. Instead the gov't said it had to do it because it was about the unions.

This was political crony capitalism at its finest.

That's rolling a pretty big set of dice with one of our last true manufacturing bases.

No telling what would have happened. Certainly, many would have lost their jobs - at minimum.

 

[cancel2 2022]

Going bankrupt does not mean the companies would have gone out of business and all people would have lost jobs. And by not allowing them to go bankrupt the gov't had no clue who was out there that could have stepped in to purchase the companies. Instead the gov't said it had to do it because it was about the unions.

This was political crony capitalism at its finest.

Didn't Bush bailout the steel industry by putting prohibitive tariffs on imported steel?

Sent from my Lenovo K52e78 using Tapatalk

 

[Darth Omar]

Have a nice Legacy.
Please don't feel the need to comment on the next sitting president and break tradition.

Now, there's a safe bet lol.

 

[Wolverine]

Have a nice retirement on the public dole which you and your family abused for 8 years, play some golf, oh wait you did more of that than any two Presidents in History. Rot in obscurity you muslium slime!

 

[Darth Omar]

1) For passing the stimulus, despite screaming opposition (what I guess righties today call “whining”), and many predicting it would lead to a Depression and further stock market losses. Instead, it turned the economy around, saved & created over 3 million jobs and did what it was supposed to do – right the ship.
2) For bringing the perpetrator of 9/11 to justice.
3) For giving health insurance to millions of working Americans. Though very flawed, America will one day insure all of its people effectively and affordably, and you got it started.
4) For basically (along with Bush) saving the American auto industry. Over 250,000 jobs since the bailout.
5) For making the planet & our environment a national priority.
6) For starting to reform the banking industry
7) For major reforms to the student loan program and an increase in Pell Grants
8) For aggressive persecution of ISIS, reducing their #’s dramatically, as well as their territory

And lastly, for being a calm, intelligent and measured leader, and keeping a cool head during crisis. We’re about to see the opposite of that.

Obama has had his failures, but overall, he leaves office with very high approval ratings for an outgoing President, and his legacy will be solid.

Obama was personally popular but his policies, not so much. A majority polled thought the country was headed in the wrong direction going into the election.

It was a bigger factor than the Russians lol.

 

[cawacko]

Didn't Bush bailout the steel industry by putting prohibitive tariffs on imported steel?

Sent from my Lenovo K52e78 using Tapatalk

it wasn't a bailout, but he did place tariffs. He essentially admitted he did it for political reasons when he went to the WTO to have them nullified.

 

[BRUTALITOPS]

i'll give you 2 5 and 8

 

[cawacko]

That's rolling a pretty big set of dice with one of our last true manufacturing bases.

No telling what would have happened. Certainly, many would have lost their jobs - at minimum.

There's value in the company names. Someone would have stepped in but it was never allowed to happen.

 

[Mr.Badguy]

We were talking about the bailout badguy.

So am I, after the bailout in efforts to streamline their business and reorganize, GM discontinued all those brands (minus Oldsmobile which disc. In 2004). They know how to change.