GM plans $3 billion investment in South Korea after Trump took credit for GM moving jobs back to US

[DrLove]

Well there is this for starters:
Auto bailout saved 1.5 million U.S. jobs -study

Now you tell us how 3 trillion in additional deficit spending by Dotard in his first year will do anything but put us in further peril.

And as everyone knows that story and those like it is a farce.
It disregards so many things it is nothing less than ridiculous. That number pretends that every job would have been lost. Which is not true. It also pretends that GM would have outright closed...not true. It ignores the existence of bankruptcy. Which, admittedly would have been catastrophic for vendors...probably the only piece the article gets right.
It also doesn't go into detail about how much the taxpayers OVERPAID General Motors. We gave them at least double what they needed to survive. They have invested over $5 BILLION of the TARP money building manufacturing plants overseas. Let me say that again, the American taxpayers in the name of saving American manufacturing jobs - has FINANCED GM's investment in off shoring jobs. That is a fact and is inarguable. And GM is going to continue to use that money to fund oversea ventures.

Bla La .. we got our bailout money back in spades

 

[NightFox]

Well there is this for starters:
Auto bailout saved 1.5 million U.S. jobs -study

Now you tell us how 3 trillion in additional deficit spending by Dotard in his first year will do anything but put us in further peril.

And as everyone knows that story and those like it is a farce.
It disregards so many things it is nothing less than ridiculous. That number pretends that every job would have been lost. Which is not true. It also pretends that GM would have outright closed...not true. It ignores the existence of bankruptcy. Which, admittedly would have been catastrophic for vendors...probably the only piece the article gets right.
It also doesn't go into detail about how much the taxpayers OVERPAID General Motors. We gave them at least double what they needed to survive. They have invested over $5 BILLION of the TARP money building manufacturing plants overseas. Let me say that again, the American taxpayers in the name of saving American manufacturing jobs - has FINANCED GM's investment in off shoring jobs. That is a fact and is inarguable. And GM is going to continue to use that money to fund oversea ventures.

Bla La .. we got our bailout money back in spades

Bullshit you don't what you're talking about, tax payers suffered a net loss of $10.4 billion on the equity positions that secured the auto bailouts.

GM bailout invested $50.9 billion net loss $11.4 billion
GMAC bailout invested $17.2 billion net gain $2.4 billion
Chrysler bailout invested $12.5 net loss $1.3 billion

Total invested $80.7 billion total taxpayer loss $10.2 billion (12.9%)

...and that doesn't include the bond holders that the Federal Government fucked over so they could pay off the UAW (who played a large role in bringing GM and Chrysler to their knees) or the fact that they engineered a deal for Chrysler to effectively bail out Fiat by pressuring Chrysler into a shitty deal instead of working with Nardelli and his management team to execute the turn around plan they had developed.

The dumbasses in the Obama Administration apparently were trying to compete with Bernie Madoff for the heavyweight championship belt of losing other peoples money.

 

[iamwhatiseem]

Well there is this for starters:
Auto bailout saved 1.5 million U.S. jobs -study

Now you tell us how 3 trillion in additional deficit spending by Dotard in his first year will do anything but put us in further peril.

And as everyone knows that story and those like it is a farce.
It disregards so many things it is nothing less than ridiculous. That number pretends that every job would have been lost. Which is not true. It also pretends that GM would have outright closed...not true. It ignores the existence of bankruptcy. Which, admittedly would have been catastrophic for vendors...probably the only piece the article gets right.
It also doesn't go into detail about how much the taxpayers OVERPAID General Motors. We gave them at least double what they needed to survive. They have invested over $5 BILLION of the TARP money building manufacturing plants overseas. Let me say that again, the American taxpayers in the name of saving American manufacturing jobs - has FINANCED GM's investment in off shoring jobs. That is a fact and is inarguable. And GM is going to continue to use that money to fund oversea ventures.

Bla La .. we got our bailout money back in spades

Bullshit you don't what you're talking about, tax payers suffered a net loss of $10.4 billion on the equity positions that secured the auto bailouts.

GM bailout invested $50.9 billion net loss $11.4 billion
GMAC bailout invested $17.2 billion net gain $2.4 billion
Chrysler bailout invested $12.5 net loss $1.3 billion

Total invested $80.7 billion total taxpayer loss $10.2 billion (12.9%)

...and that doesn't include the bond holders that the Federal Government fucked over so they could pay off the UAW (who played a large role in bringing GM and Chrysler to their knees) or the fact that they engineered a deal for Chrysler to effectively bail out Fiat by pressuring Chrysler into a shitty deal instead of working with Nardelli and his management team to execute the turn around plan they had developed.

The dumbasses in the Obama Administration apparently were trying to compete with Bernie Madoff for the heavyweight championship belt of losing other peoples money.

These people have no idea. They buy whatever bullshit the MSM throws at them.
I can't get these people t understand the basic principle that (speaking of the plethora of other TARP bailouts) if a company was given $10 Million bailout, and then a year later they borrow $10 Million to pay back the original bailout....wait for it.... THEY DIDN"T PAY IT BACK....they still owe $10 million.

 

[DrLove]

Well there is this for starters:
Auto bailout saved 1.5 million U.S. jobs -study

Now you tell us how 3 trillion in additional deficit spending by Dotard in his first year will do anything but put us in further peril.

And as everyone knows that story and those like it is a farce.
It disregards so many things it is nothing less than ridiculous. That number pretends that every job would have been lost. Which is not true. It also pretends that GM would have outright closed...not true. It ignores the existence of bankruptcy. Which, admittedly would have been catastrophic for vendors...probably the only piece the article gets right.
It also doesn't go into detail about how much the taxpayers OVERPAID General Motors. We gave them at least double what they needed to survive. They have invested over $5 BILLION of the TARP money building manufacturing plants overseas. Let me say that again, the American taxpayers in the name of saving American manufacturing jobs - has FINANCED GM's investment in off shoring jobs. That is a fact and is inarguable. And GM is going to continue to use that money to fund oversea ventures.

Bla La .. we got our bailout money back in spades

Bullshit you don't what you're talking about, tax payers suffered a net loss of $10.4 billion on the equity positions that secured the auto bailouts.

GM bailout invested $50.9 billion net loss $11.4 billion
GMAC bailout invested $17.2 billion net gain $2.4 billion
Chrysler bailout invested $12.5 net loss $1.3 billion

Total invested $80.7 billion total taxpayer loss $10.2 billion (12.9%)

...and that doesn't include the bond holders that the Federal Government fucked over so they could pay off the UAW (who played a large role in bringing GM and Chrysler to their knees) or the fact that they engineered a deal for Chrysler to effectively bail out Fiat by pressuring Chrysler into a shitty deal instead of working with Nardelli and his management team to execute the turn around plan they had developed.

The dumbasses in the Obama Administration apparently were trying to compete with Bernie Madoff for the heavyweight championship belt of losing other peoples money.

Do you have a link or am I supposed to be content with numbers you may have pulled outta yer ass?

Here are real ones in case you're interested

Bailout Scorecard | Eye on the Bailout | ProPublica

 

[NightFox]

Well there is this for starters:
Auto bailout saved 1.5 million U.S. jobs -study

Now you tell us how 3 trillion in additional deficit spending by Dotard in his first year will do anything but put us in further peril.

And as everyone knows that story and those like it is a farce.
It disregards so many things it is nothing less than ridiculous. That number pretends that every job would have been lost. Which is not true. It also pretends that GM would have outright closed...not true. It ignores the existence of bankruptcy. Which, admittedly would have been catastrophic for vendors...probably the only piece the article gets right.
It also doesn't go into detail about how much the taxpayers OVERPAID General Motors. We gave them at least double what they needed to survive. They have invested over $5 BILLION of the TARP money building manufacturing plants overseas. Let me say that again, the American taxpayers in the name of saving American manufacturing jobs - has FINANCED GM's investment in off shoring jobs. That is a fact and is inarguable. And GM is going to continue to use that money to fund oversea ventures.

Bla La .. we got our bailout money back in spades

Bullshit you don't what you're talking about, tax payers suffered a net loss of $10.4 billion on the equity positions that secured the auto bailouts.

GM bailout invested $50.9 billion net loss $11.4 billion
GMAC bailout invested $17.2 billion net gain $2.4 billion
Chrysler bailout invested $12.5 net loss $1.3 billion

Total invested $80.7 billion total taxpayer loss $10.2 billion (12.9%)

...and that doesn't include the bond holders that the Federal Government fucked over so they could pay off the UAW (who played a large role in bringing GM and Chrysler to their knees) or the fact that they engineered a deal for Chrysler to effectively bail out Fiat by pressuring Chrysler into a shitty deal instead of working with Nardelli and his management team to execute the turn around plan they had developed.

The dumbasses in the Obama Administration apparently were trying to compete with Bernie Madoff for the heavyweight championship belt of losing other peoples money.

These people have no idea. They buy whatever bullshit the MSM throws at them.
I can't get these people t understand the basic principle that (speaking of the plethora of other TARP bailouts) if a company was given $10 Million bailout, and then a year later they borrow $10 Million to pay back the original bailout....wait for it.... THEY DIDN"T PAY IT BACK....they still owe $10 million.

Good points, in addition to what you pointed out these same people don't have a clue when it comes to opportunity costs, in other words they think that everything the federal government blows money on is a FREE LUNCH, which explains why they can't grasp that propping up inefficient producers incurs costs to everybody since it's effectively using other peoples money in order to make the entire economy less efficient, not to mention nurtures moral hazard.

"Money is all about opportunity cost. Every time you spend on something, that's something you can't spend on something else." -- Dan Ariely

 

[iamwhatiseem]

Well there is this for starters:
Auto bailout saved 1.5 million U.S. jobs -study

Now you tell us how 3 trillion in additional deficit spending by Dotard in his first year will do anything but put us in further peril.

And as everyone knows that story and those like it is a farce.
It disregards so many things it is nothing less than ridiculous. That number pretends that every job would have been lost. Which is not true. It also pretends that GM would have outright closed...not true. It ignores the existence of bankruptcy. Which, admittedly would have been catastrophic for vendors...probably the only piece the article gets right.
It also doesn't go into detail about how much the taxpayers OVERPAID General Motors. We gave them at least double what they needed to survive. They have invested over $5 BILLION of the TARP money building manufacturing plants overseas. Let me say that again, the American taxpayers in the name of saving American manufacturing jobs - has FINANCED GM's investment in off shoring jobs. That is a fact and is inarguable. And GM is going to continue to use that money to fund oversea ventures.

Bla La .. we got our bailout money back in spades

Bullshit you don't what you're talking about, tax payers suffered a net loss of $10.4 billion on the equity positions that secured the auto bailouts.

GM bailout invested $50.9 billion net loss $11.4 billion
GMAC bailout invested $17.2 billion net gain $2.4 billion
Chrysler bailout invested $12.5 net loss $1.3 billion

Total invested $80.7 billion total taxpayer loss $10.2 billion (12.9%)

...and that doesn't include the bond holders that the Federal Government fucked over so they could pay off the UAW (who played a large role in bringing GM and Chrysler to their knees) or the fact that they engineered a deal for Chrysler to effectively bail out Fiat by pressuring Chrysler into a shitty deal instead of working with Nardelli and his management team to execute the turn around plan they had developed.

The dumbasses in the Obama Administration apparently were trying to compete with Bernie Madoff for the heavyweight championship belt of losing other peoples money.

Do you have a link or am I supposed to be content with numbers you may have pulled outta yer ass?

Here are real ones in case you're interested

Bailout Scorecard | Eye on the Bailout | ProPublica

Like I said you guys cannot be educated on what happened. You only want to read and believe what you want to believe, everything else is lies and bullshit.
Everyone knows, and I mean everyone knows that the figures you show here and all over the place COUNT DEBT AS INCOME.
On that chart...when someone paid back a loan with another fucking loan from the gov't - this chart shows the TARP loan as PAID. And, technically it is. But they borrowed money from a different fund to pay the original TARP loan. That is bullshit. They still owe the money!!

 

[Rustic]

GM plans South Korea investment after Trump takes credit for plant closing: report

big loss for America in the economy after big losses at the Winter Olympics!

It was mistake that George Bush jr bailed out the auto manufacturers...

 

[NightFox]

Well there is this for starters:
Auto bailout saved 1.5 million U.S. jobs -study

Now you tell us how 3 trillion in additional deficit spending by Dotard in his first year will do anything but put us in further peril.

And as everyone knows that story and those like it is a farce.
It disregards so many things it is nothing less than ridiculous. That number pretends that every job would have been lost. Which is not true. It also pretends that GM would have outright closed...not true. It ignores the existence of bankruptcy. Which, admittedly would have been catastrophic for vendors...probably the only piece the article gets right.
It also doesn't go into detail about how much the taxpayers OVERPAID General Motors. We gave them at least double what they needed to survive. They have invested over $5 BILLION of the TARP money building manufacturing plants overseas. Let me say that again, the American taxpayers in the name of saving American manufacturing jobs - has FINANCED GM's investment in off shoring jobs. That is a fact and is inarguable. And GM is going to continue to use that money to fund oversea ventures.

Bla La .. we got our bailout money back in spades

Bullshit you don't what you're talking about, tax payers suffered a net loss of $10.4 billion on the equity positions that secured the auto bailouts.

GM bailout invested $50.9 billion net loss $11.4 billion
GMAC bailout invested $17.2 billion net gain $2.4 billion
Chrysler bailout invested $12.5 net loss $1.3 billion

Total invested $80.7 billion total taxpayer loss $10.2 billion (12.9%)

...and that doesn't include the bond holders that the Federal Government fucked over so they could pay off the UAW (who played a large role in bringing GM and Chrysler to their knees) or the fact that they engineered a deal for Chrysler to effectively bail out Fiat by pressuring Chrysler into a shitty deal instead of working with Nardelli and his management team to execute the turn around plan they had developed.

The dumbasses in the Obama Administration apparently were trying to compete with Bernie Madoff for the heavyweight championship belt of losing other peoples money.

Do you have a link or am I supposed to be content with numbers you may have pulled outta yer ass?

Here are real ones in case you're interested

Bailout Scorecard | Eye on the Bailout | ProPublica

Yeah.... straight from the horse's asses at the U.S. Treasury

Auto Industry

"In May 2011, Chrysler repaid its outstanding TARP loans six years ahead of schedule. Chrysler returned more than $11.2 billion of $12.5 billion committed to Chrysler through principal repayments, interest, and cancelled commitments. Treasury has fully exited its investment in Chrysler Group under TARP."


"On December 9, 2013 Treasury fully exited its investment in General Motors (GM). Treasury completed its fourth and final pre-arranged trading plan for the sale of its remaining 31.1 million shares. Treasury recovered a total of $39.7 billion from its original investment of $51.0 billion in GM."


"On December 18, 2014, Treasury sold its remaining stake in Ally Financial. In total, taxpayers recovered $19.6 billion on the investment, roughly $2.4 billion more than the original $17.2 billion investment in Ally."

 

[DrLove]

Well there is this for starters:
Auto bailout saved 1.5 million U.S. jobs -study

Now you tell us how 3 trillion in additional deficit spending by Dotard in his first year will do anything but put us in further peril.

And as everyone knows that story and those like it is a farce.
It disregards so many things it is nothing less than ridiculous. That number pretends that every job would have been lost. Which is not true. It also pretends that GM would have outright closed...not true. It ignores the existence of bankruptcy. Which, admittedly would have been catastrophic for vendors...probably the only piece the article gets right.
It also doesn't go into detail about how much the taxpayers OVERPAID General Motors. We gave them at least double what they needed to survive. They have invested over $5 BILLION of the TARP money building manufacturing plants overseas. Let me say that again, the American taxpayers in the name of saving American manufacturing jobs - has FINANCED GM's investment in off shoring jobs. That is a fact and is inarguable. And GM is going to continue to use that money to fund oversea ventures.

Bla La .. we got our bailout money back in spades

Bullshit you don't what you're talking about, tax payers suffered a net loss of $10.4 billion on the equity positions that secured the auto bailouts.

GM bailout invested $50.9 billion net loss $11.4 billion
GMAC bailout invested $17.2 billion net gain $2.4 billion
Chrysler bailout invested $12.5 net loss $1.3 billion

Total invested $80.7 billion total taxpayer loss $10.2 billion (12.9%)

...and that doesn't include the bond holders that the Federal Government fucked over so they could pay off the UAW (who played a large role in bringing GM and Chrysler to their knees) or the fact that they engineered a deal for Chrysler to effectively bail out Fiat by pressuring Chrysler into a shitty deal instead of working with Nardelli and his management team to execute the turn around plan they had developed.

The dumbasses in the Obama Administration apparently were trying to compete with Bernie Madoff for the heavyweight championship belt of losing other peoples money.

Do you have a link or am I supposed to be content with numbers you may have pulled outta yer ass?

Here are real ones in case you're interested

Bailout Scorecard | Eye on the Bailout | ProPublica

Like I said you guys cannot be educated on what happened. You only want to read and believe what you want to believe, everything else is lies and bullshit.
Everyone knows, and I mean everyone knows that the figures you show here and all over the place COUNT DEBT AS INCOME.
On that chart...when someone paid back a loan with another fucking loan from the gov't - this chart shows the TARP loan as PAID. And, technically it is. But they borrowed money from a different fund to pay the original TARP loan. That is bullshit. They still owe the money!!

Yeah, you guys always have a way of finding something wrong with any financial transaction initiated by Dems. Of course, Bush started the bailouts - Obama simply finished what he started. The financials paid us back with interest, auto came up a little short. In the end it what you might call a wash and the economy was saved.

U.S. ends TARP with $15.3 billion profit
Barack Obama says banks paid back all the federal bailout money
Banks Repaid Fed Bailout With Other Fed Money: Government Report | HuffPost

Now get back over to ZeroHedge where you can commiserate with other other gloomers like Tyler Durden.

 

[Dont Taz Me Bro]

So GM's costs are out of whack and they've lost a lot of money there but they'll invest billions more?

No wonder taxpayers had to bail them out

I never understood bailing out failure.

Yeah we should have just killed off the U.S. auto industry

Dramatic much?

 

[NightFox]

GM plans South Korea investment after Trump takes credit for plant closing: report

big loss for America in the economy after big losses at the Winter Olympics!

It was mistake that George Bush jr bailed out the auto manufacturers...

Bush didn't do it, he along with dickheads-R and dickheads-D in Congress put TARP in place that enabled it to happen. It was the Obama Administration that engineered it using TARP to bailout GM and Chrysler, along with fucking over bond holders to pay off the UAW and to give Fiat a big fat gift by forcing the deal for Chrysler.

In other words it was bi-partisan fuck up with Barak the Nimrod stepping up to the microphone on numerous occasions to take all the credit and none of the blame.

 

[Rustic]

GM plans South Korea investment after Trump takes credit for plant closing: report

big loss for America in the economy after big losses at the Winter Olympics!

It was mistake that George Bush jr bailed out the auto manufacturers...

Bush didn't do it, he along with dickheads-R and dickheads-D in Congress put TARP in place that enabled it to happen. It was the Obama Administration that engineered it using TARP to bailout GM and Chrysler, along with fucking over bond holders to pay off the UAW and to give Fiat a big fat gift by forcing the deal for Chrysler.

In other words it was bi-partisan fuck up with Barak the Nimrod stepping up to the microphone on numerous occasions to take all the credit and none of the blame.

An Inconvenient Truth: It Was George W. Bush Who Bailed Out the Automakers

 

[NightFox]

And as everyone knows that story and those like it is a farce.
It disregards so many things it is nothing less than ridiculous. That number pretends that every job would have been lost. Which is not true. It also pretends that GM would have outright closed...not true. It ignores the existence of bankruptcy. Which, admittedly would have been catastrophic for vendors...probably the only piece the article gets right.
It also doesn't go into detail about how much the taxpayers OVERPAID General Motors. We gave them at least double what they needed to survive. They have invested over $5 BILLION of the TARP money building manufacturing plants overseas. Let me say that again, the American taxpayers in the name of saving American manufacturing jobs - has FINANCED GM's investment in off shoring jobs. That is a fact and is inarguable. And GM is going to continue to use that money to fund oversea ventures.

Bla La .. we got our bailout money back in spades

Bullshit you don't what you're talking about, tax payers suffered a net loss of $10.4 billion on the equity positions that secured the auto bailouts.

GM bailout invested $50.9 billion net loss $11.4 billion
GMAC bailout invested $17.2 billion net gain $2.4 billion
Chrysler bailout invested $12.5 net loss $1.3 billion

Total invested $80.7 billion total taxpayer loss $10.2 billion (12.9%)

...and that doesn't include the bond holders that the Federal Government fucked over so they could pay off the UAW (who played a large role in bringing GM and Chrysler to their knees) or the fact that they engineered a deal for Chrysler to effectively bail out Fiat by pressuring Chrysler into a shitty deal instead of working with Nardelli and his management team to execute the turn around plan they had developed.

The dumbasses in the Obama Administration apparently were trying to compete with Bernie Madoff for the heavyweight championship belt of losing other peoples money.

Do you have a link or am I supposed to be content with numbers you may have pulled outta yer ass?

Here are real ones in case you're interested

Bailout Scorecard | Eye on the Bailout | ProPublica

Like I said you guys cannot be educated on what happened. You only want to read and believe what you want to believe, everything else is lies and bullshit.
Everyone knows, and I mean everyone knows that the figures you show here and all over the place COUNT DEBT AS INCOME.
On that chart...when someone paid back a loan with another fucking loan from the gov't - this chart shows the TARP loan as PAID. And, technically it is. But they borrowed money from a different fund to pay the original TARP loan. That is bullshit. They still owe the money!!

The financials paid us back with interest, auto came up a little short..

Excuse me genius, apparently you didn't notice the topic of thread and the fact that you tried to claim that the Auto Bailouts ended with a net profit, as per your usual when evidence demonstrates that you are TOTALLY FULL OF SHIT you attempt to obfuscate it by changing the subject.

 

[NightFox]

GM plans South Korea investment after Trump takes credit for plant closing: report

big loss for America in the economy after big losses at the Winter Olympics!

It was mistake that George Bush jr bailed out the auto manufacturers...

Bush didn't do it, he along with dickheads-R and dickheads-D in Congress put TARP in place that enabled it to happen. It was the Obama Administration that engineered it using TARP to bailout GM and Chrysler, along with fucking over bond holders to pay off the UAW and to give Fiat a big fat gift by forcing the deal for Chrysler.

In other words it was bi-partisan fuck up with Barak the Nimrod stepping up to the microphone on numerous occasions to take all the credit and none of the blame.

An Inconvenient Truth: It Was George W. Bush Who Bailed Out the Automakers

LOL, apparently you missed the fact that it was like I said the Obama Administration that engineered the bail outs, King Georgie Boy was already out of office when the specifics of the bail outs were engineered and implemented.

Bush with a big assist from Congress Critters from both parties enabled them, the Obama Administration actually did the dirty deeds, thus as I said it was a completely bi-partisan imbroglio.

... and like I said, it was President Nimrod that went around trying to take all the credit and none of the blame.

 

[DrLove]

Bla La .. we got our bailout money back in spades

Bullshit you don't what you're talking about, tax payers suffered a net loss of $10.4 billion on the equity positions that secured the auto bailouts.

GM bailout invested $50.9 billion net loss $11.4 billion
GMAC bailout invested $17.2 billion net gain $2.4 billion
Chrysler bailout invested $12.5 net loss $1.3 billion

Total invested $80.7 billion total taxpayer loss $10.2 billion (12.9%)

...and that doesn't include the bond holders that the Federal Government fucked over so they could pay off the UAW (who played a large role in bringing GM and Chrysler to their knees) or the fact that they engineered a deal for Chrysler to effectively bail out Fiat by pressuring Chrysler into a shitty deal instead of working with Nardelli and his management team to execute the turn around plan they had developed.

The dumbasses in the Obama Administration apparently were trying to compete with Bernie Madoff for the heavyweight championship belt of losing other peoples money.

Do you have a link or am I supposed to be content with numbers you may have pulled outta yer ass?

Here are real ones in case you're interested

Bailout Scorecard | Eye on the Bailout | ProPublica

Like I said you guys cannot be educated on what happened. You only want to read and believe what you want to believe, everything else is lies and bullshit.
Everyone knows, and I mean everyone knows that the figures you show here and all over the place COUNT DEBT AS INCOME.
On that chart...when someone paid back a loan with another fucking loan from the gov't - this chart shows the TARP loan as PAID. And, technically it is. But they borrowed money from a different fund to pay the original TARP loan. That is bullshit. They still owe the money!!

The financials paid us back with interest, auto came up a little short..

Excuse me genius, apparently you didn't notice the topic of thread and the fact that you tried to claim that the Auto Bailouts ended with a net profit, as per your usual when evidence demonstrates that you are TOTALLY FULL OF SHIT you attempt to obfuscate it by changing the subject.

You aren't very smart Fox and fail to comprehend the intangibles. By all accounts over a million jobs in the auto industry were saved. That includes not only the manufacturers, but their dealers and the other manufacturers and distributors who supplied them.

And if you don't believe that Tarp was a net profit, then it would be you who is TOTALLY FULL OF SHIT.

See ya

 

[DrLove]

So GM's costs are out of whack and they've lost a lot of money there but they'll invest billions more?

No wonder taxpayers had to bail them out

I never understood bailing out failure.

Yeah we should have just killed off the U.S. auto industry

Willard Mittens thought so

 

[NightFox]

Bullshit you don't what you're talking about, tax payers suffered a net loss of $10.4 billion on the equity positions that secured the auto bailouts.

GM bailout invested $50.9 billion net loss $11.4 billion
GMAC bailout invested $17.2 billion net gain $2.4 billion
Chrysler bailout invested $12.5 net loss $1.3 billion

Total invested $80.7 billion total taxpayer loss $10.2 billion (12.9%)

...and that doesn't include the bond holders that the Federal Government fucked over so they could pay off the UAW (who played a large role in bringing GM and Chrysler to their knees) or the fact that they engineered a deal for Chrysler to effectively bail out Fiat by pressuring Chrysler into a shitty deal instead of working with Nardelli and his management team to execute the turn around plan they had developed.

The dumbasses in the Obama Administration apparently were trying to compete with Bernie Madoff for the heavyweight championship belt of losing other peoples money.

Do you have a link or am I supposed to be content with numbers you may have pulled outta yer ass?

Here are real ones in case you're interested

Bailout Scorecard | Eye on the Bailout | ProPublica

Like I said you guys cannot be educated on what happened. You only want to read and believe what you want to believe, everything else is lies and bullshit.
Everyone knows, and I mean everyone knows that the figures you show here and all over the place COUNT DEBT AS INCOME.
On that chart...when someone paid back a loan with another fucking loan from the gov't - this chart shows the TARP loan as PAID. And, technically it is. But they borrowed money from a different fund to pay the original TARP loan. That is bullshit. They still owe the money!!

The financials paid us back with interest, auto came up a little short..

Excuse me genius, apparently you didn't notice the topic of thread and the fact that you tried to claim that the Auto Bailouts ended with a net profit, as per your usual when evidence demonstrates that you are TOTALLY FULL OF SHIT you attempt to obfuscate it by changing the subject.

You aren't very smart Fox and fail to comprehend the intangibles.

ROFLMAO! you don't even understand what the word intangible means, I'm the one that's been talking about intangibles all along, you know things like opportunity costs, moral hazards and the effects on economic efficiency... those are intangibles, all you've been doing is quoting press articles that perform headcounts and act as if it's the only thing that matters when evaluating the effectiveness of the resources that were expended in this mess.

And if you don't believe that Tarp was a net profit, then it would be you who is TOTALLY FULL OF SHIT.

Again the subject was AUTO bailouts not the net from the entire TARP program, as usual you try to change the subject when the facts demonstrate that you're clueless.

Here endth the lesson.

Ciao

 

[iamwhatiseem]

And as everyone knows that story and those like it is a farce.
It disregards so many things it is nothing less than ridiculous. That number pretends that every job would have been lost. Which is not true. It also pretends that GM would have outright closed...not true. It ignores the existence of bankruptcy. Which, admittedly would have been catastrophic for vendors...probably the only piece the article gets right.
It also doesn't go into detail about how much the taxpayers OVERPAID General Motors. We gave them at least double what they needed to survive. They have invested over $5 BILLION of the TARP money building manufacturing plants overseas. Let me say that again, the American taxpayers in the name of saving American manufacturing jobs - has FINANCED GM's investment in off shoring jobs. That is a fact and is inarguable. And GM is going to continue to use that money to fund oversea ventures.

Bla La .. we got our bailout money back in spades

Bullshit you don't what you're talking about, tax payers suffered a net loss of $10.4 billion on the equity positions that secured the auto bailouts.

GM bailout invested $50.9 billion net loss $11.4 billion
GMAC bailout invested $17.2 billion net gain $2.4 billion
Chrysler bailout invested $12.5 net loss $1.3 billion

Total invested $80.7 billion total taxpayer loss $10.2 billion (12.9%)

...and that doesn't include the bond holders that the Federal Government fucked over so they could pay off the UAW (who played a large role in bringing GM and Chrysler to their knees) or the fact that they engineered a deal for Chrysler to effectively bail out Fiat by pressuring Chrysler into a shitty deal instead of working with Nardelli and his management team to execute the turn around plan they had developed.

The dumbasses in the Obama Administration apparently were trying to compete with Bernie Madoff for the heavyweight championship belt of losing other peoples money.

Do you have a link or am I supposed to be content with numbers you may have pulled outta yer ass?

Here are real ones in case you're interested

Bailout Scorecard | Eye on the Bailout | ProPublica

Like I said you guys cannot be educated on what happened. You only want to read and believe what you want to believe, everything else is lies and bullshit.
Everyone knows, and I mean everyone knows that the figures you show here and all over the place COUNT DEBT AS INCOME.
On that chart...when someone paid back a loan with another fucking loan from the gov't - this chart shows the TARP loan as PAID. And, technically it is. But they borrowed money from a different fund to pay the original TARP loan. That is bullshit. They still owe the money!!

Yeah, you guys always have a way of finding something wrong with any financial transaction initiated by Dems. Of course, Bush started the bailouts - Obama simply finished what he started. The financials paid us back with interest, auto came up a little short. In the end it what you might call a wash and the economy was saved.

U.S. ends TARP with $15.3 billion profit
Barack Obama says banks paid back all the federal bailout money
Banks Repaid Fed Bailout With Other Fed Money: Government Report | HuffPost

Now get back over to ZeroHedge where you can commiserate with other other gloomers like Tyler Durden.

And once again, you show your ignorance on the subject.
Left or Right, Democrat or Republican, Fox News or CNN etc. etc. etc.... you cannot rely on the MSM of any flavor to tell you the truth. They lie by omission, spin everything to advance an agenda. Unfortunately today you have to read for yourself.
On your comment about Obama vs. Bush II and who did the bailouts...it was Obama. Not Bush.
Bush approved the TARP funds to be set up...but it was the Obama administration that distributed the vast majority of the funds. It is an absolute lie to say that "Obama just finished what Bush started"...that is not correct. Bush specifically left the money alone so the next elected President could make the decisions.
Basically the Bush admin had 3 months of TARP funds to dole out...Obama admin had all the rest.

 

[hazlnut]

Pres. Trump cannot force the company to do anything.

In the end, GM executives make the final decision concerning their domestic and foreign operations.

To somehow blame Pres. Trump is both hypocritical and dishonest. ....

Where does the OP blame Trump?

Calling him out on his total bullshit taking credit for things that are not happening.... I guess we can't "blame" the Orange Fool for being himself -- a narcissistic idiot with no real understanding his own policies. Sign this Mr. President. Okie-doke!

 

[hazlnut]

Obamanomics keeps biting us in the ass.

GM's Bailout Cost Taxpayers $11.2 Billion | Time

I'm going to suggest that you actually take the time to read (I know it's hard) the articles you link to...

The Center for Automative Research said last year that the taxpayer bailout of GM saved 1.2 million jobs and avoided the loss of $129.2 billion in personal income in 2009 and 2010. Of the $78.2 billion the U.S. Treasury spent bailing out the auto industry through its Troubled Asset Relief Program, $58.0 billion was repaid, according to the report.