Obama Needs to Stop Saying ‘I Am GM, Hear Me Roar’

[driveby]

Still pouting about Obama saving the auto companies while Romney said "Let them fail"?

Still spreading the lie that Obama saved the auto companies? It has become well known that the auto industry would have survived a structured bankruptcy. The union contracts would not have. The difference here is that Obama gave his buddies at the UAW taxpayer money as payback for their political support by disregarding established bankruptcy law. 23 million payback dollars on the backs of the taxpayers. And then on to Solyndra.

As a matter of fact, we do not know that

No major corporation has had to go through bankruptcy restructuring during a massive economic collapse. There was no private money to be had. The market was bailing out in all sectors. Without the might of the US Government standing up for the auto companies, it is highly likely they, as well as the financial markets would have collapsed

It was a no-brainer.....except for Republicans

As a matter of fact, Obama royally fucked investors and moonbats applaud it.....

 

[HUGGY]

Still spreading the lie that Obama saved the auto companies? It has become well known that the auto industry would have survived a structured bankruptcy. The union contracts would not have. The difference here is that Obama gave his buddies at the UAW taxpayer money as payback for their political support by disregarding established bankruptcy law. 23 million payback dollars on the backs of the taxpayers. And then on to Solyndra.

As a matter of fact, we do not know that

No major corporation has had to go through bankruptcy restructuring during a massive economic collapse. There was no private money to be had. The market was bailing out in all sectors. Without the might of the US Government standing up for the auto companies, it is highly likely they, as well as the financial markets would have collapsed

It was a no-brainer.....except for Republicans

As a matter of fact, Obama royally fucked investors and moonbats applaud it.....

You mean like wall street derivatives style fucked? World class fucked?

 

[Murf76]

♪ "I am GM, hear me roar
Sending American jobs off shore
And I don't care if taxpayers wear a frown" ♫

 

[driveby]

As a matter of fact, we do not know that

No major corporation has had to go through bankruptcy restructuring during a massive economic collapse. There was no private money to be had. The market was bailing out in all sectors. Without the might of the US Government standing up for the auto companies, it is highly likely they, as well as the financial markets would have collapsed

It was a no-brainer.....except for Republicans

As a matter of fact, Obama royally fucked investors and moonbats applaud it.....

You mean like wall street derivatives style fucked? World class fucked?

Like Hugo Chavez, Saddam Hussein fucked....

 

[ScreamingEagle]

As a matter of fact, we do not know that

No major corporation has had to go through bankruptcy restructuring during a massive economic collapse. There was no private money to be had. The market was bailing out in all sectors. Without the might of the US Government standing up for the auto companies, it is highly likely they, as well as the financial markets would have collapsed

It was a no-brainer.....except for Republicans

As a matter of fact, Obama royally fucked investors and moonbats applaud it.....

You mean like wall street derivatives style fucked? World class fucked?

you mean "socializing the risk" for derivatives ultimately based upon government guarantee.....ala the housing bust engendered by socialist wonks....?

 

[Star]

it's how capital is attracted........capital that is used to build the company.... to pay the bills.... and the union workers....

no. capital did not build this country.

infrastructure was built by government.

and capital assets come from consumers.

like everything else you say, whining pigeon, you have it butt backwards.

the only backass butt here is you....

guess who PAYS for that infrastructure.....guess who the government makes special assessments on for building that infrastructure....?

you got it.....store owners, home builders, and other businesses....

of course there are times when local governments will vote to forego those special assessments when the business is going to give the community lots of JOBS and taxable income....

Gosh, you were sounding so confident, almost as if you were actually starting to believe you're own claptrap, but then-------but then, you went and blew it in a moment of near honesty by saying "of course there are times when local governments will vote to forego those special assessments when the business is going to give the community lots of JOBS and taxable income....". i.e by asking the taxpayer to invest in the perceived promise of our business, we built... oops.

 

[Lakhota]

Second Great Depression averted. General Motors is alive. Osama bin Laden is dead. Thank you, Mr. President.

 

[Plasmaball]

If I have to hear left-wingers touting the “success” of the auto bailout one more time, I might as well toss a chair through my window. It’s patently false to say that the auto bailout was a success. Furthermore, it was more of an United Auto Workers UNION BAILOUT than it was for the auto industry. As Amy Payne of Heritage wrote back in June:

The Treasury Department estimates that taxpayers will lose $23 billion on the auto bailout. Sherk and co-author Todd Zywicki [both are economists for Heritage] find that none of these losses came from saving jobs, but instead went to prop up the compensation of some of the most highly paid workers in America. They write:

We estimate that the Administration redistributed $26.5 billion more to the UAW than it would have received had it been treated as it usually would in bankruptcy proceedings.
Taxpayers lost between $20 billion and $23 billion on the auto programs. Thus, the entire loss to the taxpayers from the auto bailout comes from the funds diverted to the UAW.

The Obama campaign is touting the bailout in Michigan this week, crowing about saved-or-created jobs. What the bailout actually saved was the UAW’s heavily padded compensation packages; what it created was a massive taxpayer loss.

However, let’s focus on the China element for a second. Obama claims that Mitt Romney and the Republicans are complicit in the evil dynamics of OUTSOURCING. I don’t think liberals read Forbes much, but Paul Roderick Gregory wrote back in August 12 that:

To be exact: GM’s December 31, 2011 annual report shows General Motors of North America accounting for 98,000 of the 207,000 GM jobs worldwide. But 12,000 of these jobs are in Canada and 11,500 are in Mexico. Accordingly, GM has 74,500 jobs in the United States and 122,500 abroad, even after Obama’s touted surge in Detroit jobs. Almost TWO THIRDS of GM’s jobs are in other countries.

GM’s outsourcing is not a slip. GM clearly states that foreign investment and OUTSOURCING OF JOBS are an integral parts of its growth strategy.

Concerning claims that millions would have lost their jobs through the bankruptcy process, Sherk and Zywicki aptly conclude that ”General Motors and Chrysler would have had no difficulty filling entry-level positions even though they paid less than transplant automakers,” even under the threat of a strike, which wasn’t in the works in 2009. It’s all nonsense. Barack Obama and the Democrats needed to keep their parasitic allies in big labor happy at the expense of the American taxpayer. I know this is old history, but until the media and folks on our side have the gumption to say that the bailout was a horrible episode of government intervention– we should keep on hammering away at this. After all, it will probably be brought up in the debates.

Mr. President, stop saying “I am GM, hear me roar!” The facts just don’t support your narrative.


Obama Needs to Stop Saying ‘I Am GM, Hear Me Roar’ « The Greenroom

you need to stop making stupid threads..........wonder who will stop first?

 

[TheGreatGatsby]

I always said that the auto bankruptcys were manufactured to make people rich. They saw the banks getting some money and they were like __Oh shit, get us some.

 

[ScreamingEagle]

no. capital did not build this country.

infrastructure was built by government.

and capital assets come from consumers.

like everything else you say, whining pigeon, you have it butt backwards.

the only backass butt here is you....

guess who PAYS for that infrastructure.....guess who the government makes special assessments on for building that infrastructure....?

you got it.....store owners, home builders, and other businesses....

of course there are times when local governments will vote to forego those special assessments when the business is going to give the community lots of JOBS and taxable income....

Gosh, you were sounding so confident, almost as if you were actually starting to believe you're own claptrap, but then-------but then, you went and blew it in a moment of near honesty by saying "of course there are times when local governments will vote to forego those special assessments when the business is going to give the community lots of JOBS and taxable income....". i.e by asking the taxpayer to invest in the perceived promise of our business, we built... oops.

you're the one who believes the socialist CLAPTRAP dished out by the Dimwits.....

when a community decides to forego taxing a new business for infrastructure because it wants to attract that business it is because they know they will reap more taxes than just the cost of that infrastructure.....and that is their choice to do so....but such suspension of assessments doesn't usually happen except for big companies with lots of good-paying jobs to offer....

what you Dimwits don't seem to get is the MONEY for the new infrastructure is ultimately sourced from that business.....

in other words......if the business wasn't coming to town you would have NO need to build that new infrastructure....it's the BUSINESS that creates the new source of taxes to pay for it....government can NOT pay for anything unless it has garnered money by taxing businesses (and the citizens who work at those businesses) in order to pay for anything....

get it now...?