Obama’s and GM’s BIG government shafting of America & America’s workers & taxpayers

[Robo]

Obama’s and GM’s BIG government shafting of America and America’s workers and taxpayers.

The Auto Bailout and the Rule of Law | National Affairs
www.nationalaffairs.com/publications/detail/the...
The bailouts of General Motors and Chrysler have been held up by President Obama and his supporters as a great success story — proof that, by working together, government and business can save jobs and strengthen the economy. But this popular narrative is dangerously misleading.

Why GM Still Owes Taxpayers -- The Motley Fool
http://www.fool.com/.../15/why-gm-st...taxpayers.aspx
Technically, GM has repaid its big bailout loan from the U.S. government. But the Feds are likely to be out $10 billion when all is said and done. Here's why. GM has done its share, but taxpayers are still in the hole GM received a total of $49.5 billion from the U.S. government as part of its "bailout.". That money funded GM's high-speed bankruptcy proceeding and allowed the company to get back on its feet once it had exited bankruptcy in mid-2009.

General Motors set to close plants Michigan, Ohio, Maryland ...
www.usatoday.com/story/money/cars/2018/11/26/gm...
GM has about 1,500 employees at the Detroit plant, 1,600 at the Lordstown factory and 2,500 in Oshawa. About half of those workers will be given the chance to relocate to another GM operation, the ...

[Bourdeaux Nights]

Didn't those bailouts start under the Bush administration?

[Robo]

Didn't those bailouts start under the Bush administration?

NO! Bush started the Bank bailouts. Obama continued them and added the Auto manufactures bailouts.

[kudzu]

NO! Bush started the Bank bailouts. Obama continued them and added the Auto manufactures bailouts.

Trump urges General Motors to reopen Ohio plant in tweet …

https://www.reuters.com/article/us-u...-idUSKCN1QX0Q0

Trump urges General Motors to reopen Ohio plant in tweet 1 Min Read A sign welcomes visitors to the General Motors Lordstown Complex, assembly plant in Warren, Ohio, U.S., November 26, 2018.


Trump urges General Motors to reopen Ohio plant in tweet
Yahoo Finance
36 minutes ago · In a tweet, Trump said "Because the economy is so good, General Motors must get their Lordstown, Ohio, plant open, maybe in a different form or with a new owner, FAST!" Trump …

https://finance.yahoo.com/news/trump...--finance.html

[Nordberg]

Saving the Big 3 saved hundreds of thousands of jobs. It was a great deal for the country. Obama did the right thing. Yep, they are closing factories and reopening others. Trump said they would not. he lied.

[Robo]

Saving the Big 3 saved hundreds of thousands of jobs. It was a great deal for the country. Obama did the right thing. Yep, they are closing factories and reopening others. Trump said they would not. he lied.

No surprise here Nodi that you thought it was a wonderful deal. Of course, every damned fool knows that handing over taxpayers billions to Giant "CAPITALIST" corporations, letting them stiff the taxpayers for ten billion in promised repayment, then close up plants in states where Trump beat Hillary is a magnificent deal. Wonder if those auto workers weren't UNION workers if Obama would have been so intent on saving their jobs? What do you think good friend?

[Nordberg]

No surprise here Nodi that you thought it was a wonderful deal. Of course, every damned fool knows that handing over taxpayers billions to Giant "CAPITALIST" corporations, letting them stiff the taxpayers for ten billion in promised repayment, then close up plants in states where Trump beat Hillary is a magnificent deal. Wonder if those auto workers weren't UNION workers if Obama would have been so intent on saving their jobs? What do you think good friend?

It is about the jobs ,when were shedding thousands a month. Last month of Bush, we lost 800,000 jobs in a month. Yeah, we needed jobs. Sometimes you have to do the imperfect to accomplish goals. Unions had nothing to do with it . Obama was not involved in an intricate plot. He was just trying to put people back to work.

[RB 60]

Saving the Big 3 saved hundreds of thousands of jobs. It was a great deal for the country. Obama did the right thing. Yep, they are closing factories and reopening others. Trump said they would not. he lied.

Ford didn't take any bailout money. So Obama didn't "save the big 3."

[kudzu]

No surprise here Nodi that you thought it was a wonderful deal. Of course, every damned fool knows that handing over taxpayers billions to Giant "CAPITALIST" corporations, letting them stiff the taxpayers for ten billion in promised repayment, then close up plants in states where Trump beat Hillary is a magnificent deal. Wonder if those auto workers weren't UNION workers if Obama would have been so intent on saving their jobs? What do you think good friend?

Do you ever stop and think?

[img]www.tomchristopher.com/home/Comic%20History/Labor%20Unions%20in%20the%20United%20States/images/z14labUnion-percent-1950-2010-442x336.png[/img]

[canceled.2021.1]

GM should have been allowed to go into bankruptcy like everyone else without gobblement help

[Port Tack]

Trump urges General Motors to reopen Ohio plant in tweet …

https://www.reuters.com/article/us-u...-idUSKCN1QX0Q0

Trump urges General Motors to reopen Ohio plant in tweet 1 Min Read A sign welcomes visitors to the General Motors Lordstown Complex, assembly plant in Warren, Ohio, U.S., November 26, 2018.


Trump urges General Motors to reopen Ohio plant in tweet
Yahoo Finance
36 minutes ago · In a tweet, Trump said "Because the economy is so good, General Motors must get their Lordstown, Ohio, plant open, maybe in a different form or with a new owner, FAST!" Trump …

https://finance.yahoo.com/news/trump...--finance.html

Trump can go fuck himself, GM isn't going to listen to him.

[Port Tack]

No surprise here Nodi that you thought it was a wonderful deal. Of course, every damned fool knows that handing over taxpayers billions to Giant "CAPITALIST" corporations, letting them stiff the taxpayers for ten billion in promised repayment, then close up plants in states where Trump beat Hillary is a magnificent deal. Wonder if those auto workers weren't UNION workers if Obama would have been so intent on saving their jobs? What do you think good friend?

It was a great deal. it saved countless jobs and we got every dime back. not to mention not having to pay unemployment when all those jobs would have been lost.

[Port Tack]

GM should have been allowed to go into bankruptcy like everyone else without gobblement help

Of course you think that, you are a fucking idiot.

[Althea]

Obama’s and GM’s BIG government shafting of America and America’s workers and taxpayers.

The Auto Bailout and the Rule of Law | National Affairs
www.nationalaffairs.com/publications/detail/the...
The bailouts of General Motors and Chrysler have been held up by President Obama and his supporters as a great success story — proof that, by working together, government and business can save jobs and strengthen the economy. But this popular narrative is dangerously misleading.

Why GM Still Owes Taxpayers -- The Motley Fool
www.fool.com/.../15/why-gm-still-owes-taxpayers.aspx
Technically, GM has repaid its big bailout loan from the U.S. government. But the Feds are likely to be out $10 billion when all is said and done. Here's why. GM has done its share, but taxpayers are still in the hole GM received a total of $49.5 billion from the U.S. government as part of its "bailout.". That money funded GM's high-speed bankruptcy proceeding and allowed the company to get back on its feet once it had exited bankruptcy in mid-2009.

General Motors set to close plants Michigan, Ohio, Maryland ...
www.usatoday.com/story/money/cars/2018/11/26/gm...
GM has about 1,500 employees at the Detroit plant, 1,600 at the Lordstown factory and 2,500 in Oshawa. About half of those workers will be given the chance to relocate to another GM operation, the ...

Links don't work. Try reading in places that aren't a sewer.

[Althea]

It is about the jobs ,when were shedding thousands a month. Last month of Bush, we lost 800,000 jobs in a month. Yeah, we needed jobs. Sometimes you have to do the imperfect to accomplish goals. Unions had nothing to do with it . Obama was not involved in an intricate plot. He was just trying to put people back to work.

Obama's plan was genius. Unions had skin in the game, and would now be bargaining against themselves during labor talks.

Funny how trump takes credit for a stable economy that was handed to him, but trumpkins are blaming Obama for the decline in domestic companies due to trump's tariffs.

You really can't make this stuff up.