Remember when "jobs saved" was a phony stat?

[cawacko]

Can you say definitively that they would not have gone out of business and laid off all those workers?

If so, what evidence do you have to back that up? What if they HAD gone out of business? What if all those jobs HAD been lost? Then what? How much would it have cost the nation in unemployment benefits and govt assistance?

Would you and your side have applauded him for supposedly "doing the right thing" or would you have piled on his back for not caring about American workers, not saving their jobs and causing more people to go on welfare?

Don't bother answering that because we all know.

No matter what Obama ever did, you and the right were going to take the opposite side with no regard whatsoever for the truth or for what is good for America.

And now, it's the same with Slump. You all are in total denial about what a potential disaster he may turn out to be, as long as the guy who's carrying your flag won.

As for the Carrier deal, fine with me. I just don't think he's 100% responsible for it. He's just taking the credit.

You are so focused on politics and partisanship there is no actual belief or principal involved.

You can't guarantee anything would have happen because it didn't occur but to make the argument the gov't is the only entity that would be interested in brand names like GM and Chrysler is a suspension of disbelief. We'll never know of course because the gov't didn't allow the bankruptcy process to play out.

And the Carrier deal was more corporate welfare. A bunch of money spent to save a few jobs.

 

[cawacko]

So what do you think Nomad. Do we face future unintended consequences by the gov't bailing out companies and/or industries?

 

[Cancel 2020.1]

But you are assuming these companies would have gone out of business, which they would not have, and all the people would have lost their jobs, which they would not have.

Epic dice roll, imo.

Too many jobs & lives tied up w/ this industry. GM & Chrysler are stronger & more competitive, and have a larger market share. Hundreds of thousands have been employed in the industry since the bailout.

To me, that success. It worked, and it's hard to argue w/ results.

 

[cawacko]

Epic dice roll, imo.

Too many jobs & lives tied up w/ this industry. GM & Chrysler are stronger & more competitive, and have a larger market share. Hundreds of thousands have been employed in the industry since the bailout.

To me, that success. It worked, and it's hard to argue w/ results.

I'm talking bigger picture than that. Look at the financial industry. We saw Greenspan's action in 1987 after the stock market crash. The saving of the Mexican peso in 1994 which was all hailed at the time but ultimately cumulated in the '08 crash. (with other actions in between including the LTCM bailout)

The American taxpayers took a bath on the GM and Chrysler bailouts to save companies that should have been allowed to go into bankruptcy and work out their problems.

Trump is trying to force companies to keep jobs here that he has no business interfering in.

 

[Cancel 2020.1]

I'm talking bigger picture than that. Look at the financial industry. We saw Greenspan's action in 1987 after the stock market crash. The saving of the Mexican peso in 1994 which was all hailed at the time but ultimately cumulated in the '08 crash. (with other actions in between including the LTCM bailout)

The American taxpayers took a bath on the GM and Chrysler bailouts to save companies that should have been allowed to go into bankruptcy and work out their problems.

Trump is trying to force companies to keep jobs here that he has no business interfering in.

Re: the bolded - GM & Chrysler paid back most of the loans. And how can you possibly think taxpayers paid more for the bailout than they would have w/ the failure of those companies? You understand the ripple effect that would have had, I assume? And I'm guessing you understand that when the economy loses hundreds of millions, that eventually hits the taxpayer?

 

[MAGA MAN]

I sure do. It was constantly assailed by those on the right as a CBO fabrication when it was used for #'s on the jobs front when it came to Obama's stimulus.

Now, we're hearing about it every day from that side. Trump can't stop talking (lying) about it - the hundreds & hundreds of jobs that he himself has "saved" at Ford and Carrier, among others. And, naturally, his followers are quick to parrot it.

I think "jobs saved" is going to be a much bigger deal for that crew in the next 4 years. We'll hear about that one a lot.

The only "thing" that matters is the worker participation rate. That went down every year under Hussein the Obama. Let's see what happens during the next four years.