OBAMA: Auto Industry Bailout Saved 1 Million Jobs

[boedicca]

None

The private sector has demonstrated over the last year that no matter how much money we pump their way they are unwilling to invest in new jobs

No one is willing to speed when there is such a dense fog in front of them, leftwinger

Notice I said we would have created NO New jobs by dumping more into the private sector.....they are too squeemish to invest in our country

What a horse's ass you are.

The private sector would love to invest in this country if they weren't demonized as Evul and punished by our Progressive Government that diverts money to Cronyist scams.

 

[code1211]

Is this the same Obama that told us the unemployment rate wouldn't go above 8% and that there are 57 states and he was going to close Gitmo and that Afghanistan was the good war and that Obamacare wasn't a tax and this was the summer of recovery and the U.S, knew nothing of the release of the Lockerbie Bomber and no federal $$ would go to fund abortion and we'd have a new era of tranparancy and....

That Obama?

Yup! That's him. If he hasn't been wrong yet, I say we keep believing him.

 

[boedicca]

None

The private sector has demonstrated over the last year that no matter how much money we pump their way they are unwilling to invest in new jobs

Who the hell is WE?
so now you are blaming the PRIVATE SECTOR.
can you believe this shit folks.

"We the People of the United States" who were willing to invest in the auto industry to save a vital strategic and economic asset

As the majority oppose bail outs, it's more like They The Ruling Class who were willing to seize money from the private sector to pay off their union cronies.

The legitimate bond holders were given pennies on the dollar for their legitimate claims with the vast amount of the money going to unions. That's what happens in Banana Republics.

 

[Dont Taz Me Bro]

The question is....are we willing to abandon our auto industry? Nobody but the government was willing to invest in the auto companies at that time. The search for foreign investors fell through. I personally, would have hated for our auto companies to be run by foreign corporations

I wouldn't want to see that either, but based on the companies' histories what investor would want to risk their money on them?

 

[Meister]

None

The private sector has demonstrated over the last year that no matter how much money we pump their way they are unwilling to invest in new jobs

No one is willing to speed when there is such a dense fog in front of them, leftwinger

Notice I said we would have created NO New jobs by dumping more into the private sector.....they are too squeemish to invest in our country

Why is the private sector "squeemish" to invest in our country, hmmmmm?
Be honest, leftwinger

 

[cad]

the big question that remains is, moving forward, are they going to make cars people actually want to buy. if the $41k Volt is any indication, i don't know how long those jobs are going to be saved for.

 

[The T]

We have no real way of knowing how many jobs might have been lost without that bailout of the auto industry.

Certainly many were, but the exact number?

PURE conjecture.

Are we counting the Republican owned Dealerships Obama ordered closed?

And what of "Kash Fer Klunkers..."? I notice that isn't spoken about...

 

[The T]

No one is willing to speed when there is such a dense fog in front of them, leftwinger

Notice I said we would have created NO New jobs by dumping more into the private sector.....they are too squeemish to invest in our country

Why is the private sector "squeemish" to invest in our country, hmmmmm?
Be honest, leftwinger

The sewer rat knows why. He just is in his comfort zone defending the nonsense.

 

[rightwinger]

Who the hell is WE?
so now you are blaming the PRIVATE SECTOR.
can you believe this shit folks.

"We the People of the United States" who were willing to invest in the auto industry to save a vital strategic and economic asset

As the majority oppose bail outs, it's more like They The Ruling Class who were willing to seize money from the private sector to pay off their union cronies.

The legitimate bond holders were given pennies on the dollar for their legitimate claims with the vast amount of the money going to unions. That's what happens in Banana Republics.

We the people elected Obama to get us out of the Republican Recession....Bailing out the Auto Industry was part of that..

Worked out great for all Americans.....except those rooting for the economy to fail

 

[boedicca]

We The People did not elect him to implement a Far Left Progressive Agenda.

If he had disclosed during the campaign his intent to virtually nationalize GM and Chrysler, spend $800B bailing out Public Employee Unions, and enacting ObamaCare, he never would have won.

 

[rdean]

Over 8 years, the Clinton administration created 26 million jobs.

The Bush administration created 23 million jobs. Three million in this country and 20 million in China.

How many did the Bush/Republican stimulus package save?

Bush: Stimulus package was needed - Kansas City Business Journal

At his final news conference Monday morning as commander-in-chief, President Bush stood by his decision to support the U.S. Treasury Department’s injection of billions of dollars into the economy to unfreeze the financial markets.

Asked by a reporter whether he would ask for the remaining $350 billion in economic stimulus money before President-elect Barack Obama steps in...............

Ahh, history. So recent.

 

[boedicca]

Clinton benefited from the Peace Dividend from ending the Cold War, the Reagan Tax Cuts, and the Dotcom Bubble (many of those jobs were lost permanently after the crash).

The only valid alternative of the three that can be implemented immediately is to make the Bush Tax cuts permanent, and get rid of the inane taxes and fines of ObamaCare.

We'll get a Peace Dividend when we are out of Iraq and Afghanistan - but prematurely pulling out trips just to save money is shortsighted.

 

[Samson]

Clinton benefited from the Peace Dividend from ending the Cold War, the Reagan Tax Cuts, and the Dotcom Bubble (many of those jobs were lost permanently after the crash).

The only valid alternative of the three that can be implemented immediately is to make the Bush Tax cuts permanent, and get rid of the inane taxes and fines of ObamaCare.

We'll get a Peace Dividend when we are out of Iraq and Afghanistan - but prematurely pulling out trips just to save money is shortsighted.

Pull Out teh trips!!!

 

[bigrebnc1775]

We The People did not elect him to implement a Far Left Progressive Agenda.

If he had disclosed during the campaign his intent to virtually nationalize GM and Chrysler, spend $800B bailing out Public Employee Unions, and enacting ObamaCare, he never would have won.

He did not hide his agenda to those who were listening. His number one goal and he mentioned it through out his campigan bid was to have a public option the rest of the things he is doing is just icing on the shit cake.

 

[boedicca]

You're correct that many of us recognized him for the Far Left Radical he actually is. Those who believe what the MSM tell them, however, were encouraged to believe him to be a moderate who would get rid of Politics as Usual and promote a Post Racial value system.

He's done the opposite of what the MSM promoted.

 

[mudwhistle]

OBAMA: Auto Industry Bailout Saved 1 Million Jobs

And you believed him?

http://trade.gov/static/auto_reports_jobloss.pdf

According to data from the U.S. Labor Department’s Bureau of Labor and Statistics (BLS), total
automotive employment in the United States increased by 8% from 1991 to 2005 (but by just 4%
since 1990), rising from 1,054,000 workers to 1,098,000.

The automotive parts companies experienced an 8% increase in employment from 1990 to 2005
(12% from 1991), growing from 782,800 to 848,400 workers,

Total automotive employment is approximately 2 million workers which includes production and parts. What would have been the impact if the automotive industry would have been allowed to collapse? Would half of those workers have lost their jobs while the US Auto industry restructured itself and looked for investors?
1 million lost jobs seems possible.

The bigger question was the money we invested in the bailout worth it?

Hell yes

We merely bailed out their union pensions. We didn't do anything else.

What's gonna ruin the auto industry is the soon to follow gasoline price increases that will begin in earnest next year after the effects of the Obama Administration's monkeying with domestic energy supplies and the 6 month moratorium on drilling....that will never end.

 

[rdean]

Clinton benefited from the Peace Dividend from ending the Cold War, the Reagan Tax Cuts, and the Dotcom Bubble (many of those jobs were lost permanently after the crash).

The only valid alternative of the three that can be implemented immediately is to make the Bush Tax cuts permanent, and get rid of the inane taxes and fines of ObamaCare.

We'll get a Peace Dividend when we are out of Iraq and Afghanistan - but prematurely pulling out trips just to save money is shortsighted.

The Reagan Tax Cuts go by another name:

reagan highest tax increase in history - Google Search

 

[boedicca]

I can Google up sites that claim that Elvis Presley is Alive and that the Earth has been invaded by Aliens.

Just because you found it on Google doesn't make your inane revisionist history of Reagan's overall economic policy true.

 

[The T]

And you believed him?

http://trade.gov/static/auto_reports_jobloss.pdf

According to data from the U.S. Labor Department’s Bureau of Labor and Statistics (BLS), total
automotive employment in the United States increased by 8% from 1991 to 2005 (but by just 4%
since 1990), rising from 1,054,000 workers to 1,098,000.

The automotive parts companies experienced an 8% increase in employment from 1990 to 2005
(12% from 1991), growing from 782,800 to 848,400 workers,

Total automotive employment is approximately 2 million workers which includes production and parts. What would have been the impact if the automotive industry would have been allowed to collapse? Would half of those workers have lost their jobs while the US Auto industry restructured itself and looked for investors?
1 million lost jobs seems possible.

The bigger question was the money we invested in the bailout worth it?

Hell yes

We merely bailed out their union pensions. We didn't do anything else.

What's gonna ruin the auto industry is the soon to follow gasoline price increases that will begin in earnest next year after the effects of the Obama Administration's monkeying with domestic energy supplies and the 6 month moratorium on drilling....that will never end.

Yep and be on the lookout when the Government commandeers 401k's and other plans to pay back Obama's PALS.

I'm thinking of yanking MINE and putting it where these bastards can't touch it.

 

[bigrebnc1775]

http://trade.gov/static/auto_reports_jobloss.pdf




Total automotive employment is approximately 2 million workers which includes production and parts. What would have been the impact if the automotive industry would have been allowed to collapse? Would half of those workers have lost their jobs while the US Auto industry restructured itself and looked for investors?
1 million lost jobs seems possible.

The bigger question was the money we invested in the bailout worth it?

Hell yes

We merely bailed out their union pensions. We didn't do anything else.

What's gonna ruin the auto industry is the soon to follow gasoline price increases that will begin in earnest next year after the effects of the Obama Administration's monkeying with domestic energy supplies and the 6 month moratorium on drilling....that will never end.

Yep and be on the lookout when the Government commandeers 401k's and other plans to pay back Obama's PALS.

I'm thinking of yanking MINE and putting it where these bastards can't touch it.

I heard about the unions wanting the government to go after the 401k packages last years. So whats the plan now?