U.S. government lost $11.2 billion on General Motors bailout U.S U.S. government lost

[Truth Detector]

I can't believe that this thread is seriously still going.

We're talking about an extra billion. Can any of you righties do math?

Wrong again dumbass; we're talking about the Constitution and the Government pissing away 11.2 billion of taxpayers money for purely partisan political purposes.

Unfortunately, you're too stupid to comprehend anything beyond the leftist talking points you're fed and gullibly parrot like a brain dead clueless dunce.

 

[cancel2 2022]

Yes I was. I never abided by this theory that without a massive infusion of tax payer money to prop up Wallstreet millionaires, the economy would collapse.

I could be wrong; but I prefer to err on the side of free markets and not massive Government intrusions on them.

I bet you would have changed your mind PDQ if you went to your local ATM and found it was shut down along with the bank!!

 

[Truth Detector]

I bet you would have changed your mind PDQ if you went to your local ATM and found it was shut down along with the bank!!

That was never a threat. Do you always fabricate strawman claims in order to support your weak arguments?

 

[cancel2 2022]

That was never a threat. Do you always fabricate strawman claims in order to support your weak arguments?

I submit that the world was very close to financial meltdown and that was a very real scenario.

 

[Celticguy]

Wrong again dumbass; we're talking about the Constitution and the Government pissing away 11.2 billion of taxpayers money for purely partisan political purposes.

Unfortunately, you're too stupid to comprehend anything beyond the leftist talking points you're fed and gullibly parrot like a brain dead clueless dunce.

Not to mention the 50b they are pretending isnt gone

 

[Celticguy]

I submit that the world was very close to financial meltdown and that was a very real scenario.

Still does not change the fact that there was more than one way to reorganize GM with the same or better effect.

 

[Truth Detector]

I submit that the world was very close to financial meltdown and that was a very real scenario.

There are others who do as well; I remain unconvinced.

The only meltdown occurring was from greedy financial firms that tried to make an easy fast buck on US mortgages. Most US and foreign banks were solvent and not exposed by it.