$45B more in corporate welfare headed Obama Motors' way

Discussion in 'Politics' started by Revere, Nov 4, 2010.

  1. Revere
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    Revere BANNED

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    Uh, is this one of those things Darrell Issa should not "waste taxpayers' money" investigating?

    Thanks, unions!

    Love - Barry

    GM Could Be Free of Taxes for Years - WSJ.com

     
  2. VaYank5150
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    VaYank5150 Gold Member

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    From your link:

    Wasn't TARP Bush's brainchild?
     
  3. LiberalNut
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    LiberalNut Member

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    Wasn't TARP Bush's brainchild?

    Yup, Bush and Paulson, though the righties will never let themselves see it. These jokers were supply-side randians right up to the point of...FAIL.

    Then they did the proper Keynesian thing.

    But the wingnuts will never, ever let reality intrude on their fantasy.
     
  4. LibocalypseNow
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    LibocalypseNow Senior Member

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    Yea January can't come fast enough. They'll slip this one in during their Lame Duck session. Hopefully things can be looked into properly starting in January.
     
  5. Revere
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    Revere BANNED

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    The scope of TARP (which Obama voted for) was not the takeover and perpetual bailout of General Motors.

    Obama made that up.
     
  6. LiberalNut
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    LiberalNut Member

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    perpetual bailout of General Motors.

    They're going public again numbnuts. Though you think that letting GM fail was a good idea, it wasn't.
     
  7. Revere
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    Yes, I am aware they are going public. Obama is trying to artificially inflate the value of his company.

    GM would not fail. It's assets would be bought at market, which is the way it should be.

    Instead of bailing out the UAW.
     
  8. Revere
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    The SEC would send anyone else to prison for so inflating the value of a company prior to a public offering.
     
  9. uptownlivin90
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    uptownlivin90 Rebelious Youngin

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    Yeup, expanded and perpetuated by Obama.

    The more things "change" the more they stay the same.

    Audit the Fed.
     
  10. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    The original TARP was only for financial institutions - which were required to repay the funds. Those repayments in turn were supposed to be used to reduce the deficit.

    The One abused the TARP to bail out GM.
     

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