GM, OBAMA, The Chickens are coming home to roost

Bush is the worst president in modern times and maybe ever. 911 occurred on his watch, he was given a surplus and then created the worst economic situation since the great depression, he couldn't find OBL and didn't seem to care, he invaded a nation that had nothing to do with 911, he found WMDs where there were none, he lost the popular vote in 2000, he like Reagan managed to create a financial situation so bad massive bailouts were required, he addressed none of the critical issues of infrastructure or energy. He is so bad even conservatives and republicans abandoned him - but history must be revised as truth is just too much for most people. Some of his failure is noted below.

"Lots of conservatives turned on George W. Bush by the end of his presidency. But here we see that if Bush didn’t exist, the right would have had to invent him. His proud parochialism, his simple-minded and insecure suspicion of intelligence, his swaggering self-righteousness—all of it is the natural expression of contemporary conservatism's outlook on the world." Damon Linker


W. and the damage done - Global warming - Salon.com


"Expected shortfall of gross domestic product below normal growth path in 2009: $900 billion

Decline in the Dow Jones Industrial Average from its decade high to its value at the close of business, Jan. 7, 2009: 5,394.83, or 38.1 percent

Number of manufacturing jobs lost since 2000: 3.78 million

Increase in number of unemployed workers from 2001 to 2008: 4 million, a jump of 2.7 percent in the unemployment rate

Real median household income according to the 2000 census, adjusted for inflation: $51,804

Real median household income as of August 2007: $50,233

Of course, the government didn't sit idly by while our financial future was disappearing down the drain. Instead, the feds have pumped in hundreds of billions of taxpayer dollars, hoping to juice lending and public spending.

Cost of finance industry bailout: $350 billion, with another $350 pending congressional approval

Cost of auto industry bailout: $17.4 billion, so far

And even though there's widespread agreement among economists that the government needs to be spending a large sum of money on an economic stimulus package, it still won't look pretty on the public balance sheet.

National debt: $10.6 trillion

Amount of that debt owned by China: At least $800 billion."


The Raw Story

The auto bailout is Obama's, and its allot more than 17 billion
Debt? your comparing GWB to anyone with debt?
What about your hero?
The Bush Deficit, the Clinton Surplus and TARP by Gregory Hilton | The DC World Affairs Blog
2009 is Obama's
or do you blame Bush for Obama being elected?
and what about congress?
We were fine until the Dems took over congress

are you still out there?
 
If McCain had been president, Bin Laden would be free and still plotting more attacks and the US would have no auto industry nor any company that supports the auto industry.

I'm glad we have Obama.

Care to share with us how for you, what is mere speculation to the rest of us, is metaphysical certitude?

:eusa_drool:

That's like asking a steaming pile of shit to prove it doesn't stink.

rdump is a monumental fucking MORON, as is ANYONE who supports obama at this point.
 
You guys are fucking hilarious.
:lol::lol::lol::lol::lol::lol::lol:

First you try to blame Obama for the Auto Industry bailout, calling him a "Socialist" and a "Fascist"...

And now that it's WORKED, you're trying to take the credit!!!

LOL.

Amazing.

Just. Fucking. Amazing.

:clap2::clap2::clap2::clap2::clap2:
I'll give you this, your balls are the size of train cars.

If taxpayers lost $14B, how did it worked?

Remember this from last November...

[ame="http://www.youtube.com/watch?v=8jllQQ1OIrE"]http://www.youtube.com/watch?v=8jllQQ1OIrE[/ame]

When he said that, he was betting that remaining taxpayers shares will sell much higher then stock is trading these days. If those remaining stock are sold today taxpayer would lose another $10B, easily. Not to mention illegality of UAW selling stocks immediately after it became IPO.

Only thing that work in that bailout was robbing secured creditors and stockholders and saving unions by handing them ownership in company that they pushed into bankruptcy.

BTW, how GM is doing lately?
 
Last edited:
Ame®icano;3715366 said:
You guys are fucking hilarious.
:lol::lol::lol::lol::lol::lol::lol:

First you try to blame Obama for the Auto Industry bailout, calling him a "Socialist" and a "Fascist"...

And now that it's WORKED, you're trying to take the credit!!!

LOL.

Amazing.

Just. Fucking. Amazing.

:clap2::clap2::clap2::clap2::clap2:
I'll give you this, your balls are the size of train cars.

If taxpayers lost $14B, how did it worked?

Remember this from last November...

[ame=http://www.youtube.com/watch?v=8jllQQ1OIrE]YouTube - ‪Obama On GM‬‏[/ame]

When he said that, he was betting that remaining taxpayers shares will sell much higher then stock is trading these days. If those remaining stock are sold today taxpayer would lose another $10B, easily. Not to mention illegality of UAW selling stocks immediately after it became IPO.

Only thing that work in that bailout was robbing secured creditors and stockholders and saving unions by handing them ownership in company that they pushed into bankruptcy.

BTW, how GM is doing lately?

Oh how true
 
To start with Obama did nothing but give other peoples money to, other people
without asking by the way
and who the fuck said it worked?

Mitt Romney, apparently:

Was the auto bailout Mitt Romney's idea? - CSMonitor.com

He seems to be saying it was all his idea...

:clap2::clap2::clap2:

GM and Chrysler Will Get $13.4 Billion in U.S. Loans (Update10) - Bloomberg

GWB loaned them monies that were secured, it was his intent for them to file BK, not for OBAMA to purchase them
Stop the spin
 

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