Obama DID NOT save GM, the bankruptcy judge did.

[Truthmatters]

and so it begins.

He gets only credit for anything negative and no credit for anything positive.

Imagine our suprize that you are so unfair about it.

The revcovery will come and you will try and claim it.

No one with any sense will buy it

No, people with sense know obamaturd only claims success and actually does nothing. Pull your head out of his behind.

and so it continues.

Any good news has nothing to do with who you dont like.

Any bad news is all their fault.


Party over country at every turn for you

 

[Syphon]

Except you're leaving out what our money was used for. I'll give you one guess......it starts with a U.

And wicki is NOT a reputable source as ANYONE can post "facts" (loosely used) on there.

OK, genius. Since you are the one claiming to be an expert on the subject, please refute the information posted here linked from Wiki. Oh, and please be specific. We have heard enough vagueness from the right at this point.

There is nothing to refute. It is the interpretation of the person that posted that to their website. Information uploaded to that website is not fact checked and I'm not going to waste my time doing so.

can you defend your position at all with evidence in the form of links or articles?

 

[VaYank5150]

Except you're leaving out what our money was used for. I'll give you one guess......it starts with a U.

And wicki is NOT a reputable source as ANYONE can post "facts" (loosely used) on there.

OK, genius. Since you are the one claiming to be an expert on the subject, please refute the information posted here linked from Wiki. Oh, and please be specific. We have heard enough vagueness from the right at this point.

There is nothing to refute. It is the interpretation of the person that posted that to their website. Information uploaded to that website is not fact checked and I'm not going to waste my time doing so.

Sooooo....in your original post you state:

Anyone who believes otherwise is easily fooled in my opinion.

Had the bailout that both Bush and Obama were for worked, the company wouldn't have gone bankrupt anyway. All Obama ultimately did was steal wealth from the bond holders and line the pockets of the unions with it. The company itself remained in the red until the bankruptcy judge allowed certain debts to be dumped and restructured the remaining debts.

Bankruptcy saved GM. Obama saved union votes and wasted our tax dollars.

.....yet you openly admit that you 1) do not know any facts, and 2) are simply too lazy to go and find out the facts? Really?

 

[Remodeling Maidiac]

and so it begins.

He gets only credit for anything negative and no credit for anything positive.

Imagine our suprize that you are so unfair about it.

The revcovery will come and you will try and claim it.

No one with any sense will buy it

No, people with sense know obamaturd only claims success and actually does nothing. Pull your head out of his behind.

and so it continues.

Any good news has nothing to do with who you dont like.

Any bad news is all their fault.


Party over country at every turn for you

The weather is nice here today. Should I credit Obama with that as well?

GM's ability to recover after bankruptcy has nothing to do with Obama. He didn't bail out GM. He bailed out the unions and their outrageous benefit package which was a primary reason for GM's bankruptcy.

Don't you get it?

 

[Remodeling Maidiac]

OK, genius. Since you are the one claiming to be an expert on the subject, please refute the information posted here linked from Wiki. Oh, and please be specific. We have heard enough vagueness from the right at this point.

There is nothing to refute. It is the interpretation of the person that posted that to their website. Information uploaded to that website is not fact checked and I'm not going to waste my time doing so.

Sooooo....in your original post you state:

Anyone who believes otherwise is easily fooled in my opinion.

Had the bailout that both Bush and Obama were for worked, the company wouldn't have gone bankrupt anyway. All Obama ultimately did was steal wealth from the bond holders and line the pockets of the unions with it. The company itself remained in the red until the bankruptcy judge allowed certain debts to be dumped and restructured the remaining debts.

Bankruptcy saved GM. Obama saved union votes and wasted our tax dollars.

.....yet you openly admit that you 1) do not know any facts, and 2) are simply too lazy to go and find out the facts? Really?

Obama gave the unions the money GM didn't have to fund their benefits. That is where our money went. Why is that so hard to grasp? My money (and yours) is paying for some line workers health and retirement package. It's that simple and its that wrong.

My taxes are supposed to fund our govt not line the pockets of a voting block.

 

[Truthmatters]

I thought you said it worked and obama gets no credit?

 

[Claudette]

YOu can bet your ass Barry was pushing for it.

After all he had to pay back the unions for the millions they added to his war chest.

What a guy.

Tough shit, that's the system. If you're really concerned, how come you're not clamoring for public financing of elections?

I think public financing is the way to go.

Get private and union money out of elections.

 

[Remodeling Maidiac]

I thought you said it worked and obama gets no credit?

Fuck you're dense. ALL OBAMA DID WAS KEEP THE UNIONS FROM BEING ON THE CHOPPING BLOCK IN THE BANKRUPTCY. AND HE DID IT WITH MY FUCKING MONEY.

How would you feel if the next republican candidate spent your tax dollars to prop up a Christian voting block?

 

[Syphon]

No, people with sense know obamaturd only claims success and actually does nothing. Pull your head out of his behind.

and so it continues.

Any good news has nothing to do with who you dont like.

Any bad news is all their fault.


Party over country at every turn for you

The weather is nice here today. Should I credit Obama with that as well?

GM's ability to recover after bankruptcy has nothing to do with Obama. He didn't bail out GM. He bailed out the unions and their outrageous benefit package which was a primary reason for GM's bankruptcy.

Don't you get it?

why were union concessions a huge part of the bankruptcy package then? Unions had to agree to provide more money to their pensions as well as more money for their benefits.

 

[VaYank5150]

There is nothing to refute. It is the interpretation of the person that posted that to their website. Information uploaded to that website is not fact checked and I'm not going to waste my time doing so.

Sooooo....in your original post you state:

Anyone who believes otherwise is easily fooled in my opinion.

Had the bailout that both Bush and Obama were for worked, the company wouldn't have gone bankrupt anyway. All Obama ultimately did was steal wealth from the bond holders and line the pockets of the unions with it. The company itself remained in the red until the bankruptcy judge allowed certain debts to be dumped and restructured the remaining debts.

Bankruptcy saved GM. Obama saved union votes and wasted our tax dollars.

.....yet you openly admit that you 1) do not know any facts, and 2) are simply too lazy to go and find out the facts? Really?

Obama gave the unions the money GM didn't have to fund their benefits. That is where our money went. Why is that so hard to grasp? My money (and yours) is paying for some line workers health and retirement package. It's that simple and its that wrong.

My taxes are supposed to fund our govt not line the pockets of a voting block.

The UAW is the majority owner of GM now. What part of this statement:

On July 10, 2009, with financing partially provided by the US Government, General Motors emerged from reorganization.

are you too stupid or too partisan to grasp?

 

[Truthmatters]

I thought you said it worked and obama gets no credit?

Fuck you're dense. ALL OBAMA DID WAS KEEP THE UNIONS FROM BEING ON THE CHOPPING BLOCK IN THE BANKRUPTCY. AND HE DID IT WITH MY FUCKING MONEY.

How would you feel if the next republican candidate spent your tax dollars to prop up a Christian voting block?

That wasnt your money

 

[Newby]

Sooooo....in your original post you state:




.....yet you openly admit that you 1) do not know any facts, and 2) are simply too lazy to go and find out the facts? Really?

Obama gave the unions the money GM didn't have to fund their benefits. That is where our money went. Why is that so hard to grasp? My money (and yours) is paying for some line workers health and retirement package. It's that simple and its that wrong.

My taxes are supposed to fund our govt not line the pockets of a voting block.

The UAW is the majority owner of GM now. What part of this statement:

On July 10, 2009, with financing partially provided by the US Government, General Motors emerged from reorganization.

are you too stupid or too partisan to grasp?

Who/what made them majority owner? And at who's expense?

 

[VaYank5150]

Obama gave the unions the money GM didn't have to fund their benefits. That is where our money went. Why is that so hard to grasp? My money (and yours) is paying for some line workers health and retirement package. It's that simple and its that wrong.

My taxes are supposed to fund our govt not line the pockets of a voting block.

The UAW is the majority owner of GM now. What part of this statement:

On July 10, 2009, with financing partially provided by the US Government, General Motors emerged from reorganization.

are you too stupid or too partisan to grasp?

Who/what made them majority owner? And at who's expense?

Chapter 11 Reorganization did...

 

[Truthmatters]

caplitalism made them majority owners

 

[Truthmatters]

They had the most at stake from GM going under

 

[konradv]

Anyone who believes otherwise is easily fooled in my opinion.

Had the bailout that both Bush and Obama were for worked, the company wouldn't have gone bankrupt anyway. All Obama ultimately did was steal wealth from the bond holders and line the pockets of the unions with it. The company itself remained in the red until the bankruptcy judge allowed certain debts to be dumped and restructured the remaining debts.

Bankruptcy saved GM. Obama saved union votes and wasted our tax dollars.

I sort of see your point.

We paid more than the cap value for the stocks.

The time to have purchased the company was after it went belly up, and the lenders to GM and the bond holders lost everything.

We'd (meaning the US taxpayers) would have gotten the company for a song.

But why did the unions get to benefit from that at the taxpayer expense? You say they saved the bond holders from complete loss, so they should be happy. But, that doesn't explain how the union comes out ahead at the end of the deal at the bond holders expense, does it? They took the risks, not the union.

How did the unions come out ahead? They gave up a lot, didn't they? It can't just be about the money. Labor is valuable, too.

 

[ladyliberal]

GM's current CEO (admittedly not an unbiased source) said (GM chief: "We got a second chance" - CBS News)

"It [GM] would have been in bankruptcy for years and I think you could have written off this company, this industry and this country."

That seems to be what most people familiar with the episode believe, and I'm not sure what scenario anyone who claims otherwise believes. How would GM and Chrysler have continued to this day without receiving public funds (preferably a likely rather than possible scenario)?

And, as I stated in another thread, I don't see that the bankruptcies are prima facie evidence that the bailouts did not rescue GM and Chrysler. Both companies exist today, and I don't think they would without the bailouts. I call that "saving" or "rescuing".

 

[Remodeling Maidiac]

I thought you said it worked and obama gets no credit?

Fuck you're dense. ALL OBAMA DID WAS KEEP THE UNIONS FROM BEING ON THE CHOPPING BLOCK IN THE BANKRUPTCY. AND HE DID IT WITH MY FUCKING MONEY.

How would you feel if the next republican candidate spent your tax dollars to prop up a Christian voting block?

That wasnt your money

Oh yeah I forgot, it was Obamas stash.

[ame=http://www.youtube.com/watch?v=fOZ-Etb0k0Q&feature=youtube_gdata_player]Obama Money - Where Did it Come From? - YouTube[/ame]

 

[Remodeling Maidiac]

The UAW is the majority owner of GM now. What part of this statement:



are you too stupid or too partisan to grasp?

Who/what made them majority owner? And at who's expense?

Chapter 11 Reorganization did...

Obama did and he did it in two steps. Removing the bond holders and substituting our cash for their collateral.

 

[Wry Catcher]

The bond holders wouldn't have lost everything. They would have been some of the first in line. And rightly so. The tax payers should have never been involved in this sham.

Ah so..which "sham" should they be involved in?

The only one they're actually tasked with. Protecting the people.

I'm not entirely opposed to attacking the OP personally, he is a petty troll. But if GM had failed, not only would the stock holders lose but so would the employees of GM, the franchise owners of GM products, the suppliers to GM and the owners of GM products. Unemployment would have gone higher and the OP would now be blaming Obama for not doing anything.

And he wonders why I call him a foolish troll. Duh.