Romney: Let Detroit Go Bankrupt

Discussion in 'Economy' started by Star, May 31, 2012.

  1. Star
    Offline

    Star Gold Member

    Joined:
    Apr 5, 2009
    Messages:
    2,510
    Thanks Received:
    594
    Trophy Points:
    155
    Ratings:
    +1,016
    This guy claims he knows how to create jobs-------poofookinleeze!



    U.S. auto sales are on pace for the best showing since 2007 and a third year in a row of at least 10 percent gains, only the fourth such streak since the Great Depression, as more confident buyers return to showrooms.

    Automakers are adding overnight shifts and cutting workers’ vacations to meet demand.

    Sales this year might reach 14.3 million cars and light trucks, equal to the first-quarter pace, according to estimates from 14 analysts compiled by Bloomberg. It would be the best full year since 16.1 million in 2007. The same analysts in January were expecting sales this year of 13.6 million before Toyota and others exceeded projections.

    “Even if we stay where we are, it’s a pretty good year,” said Brian Johnson, an industry analyst at Barclays Capital in Chicago, who is predicting full-year U.S. sales of 14.4 million.

    The improvement helped General Motors, Ford and Chrysler to first quarter profits that beat analysts’ forecasts even while deliveries fell in Europe.

    First-quarter deliveries in the U.S. ran at the strongest pace since the same months in 2008, when sales started at an annualized rate of 15.4 million before collapsing to a full-year tally of 13.2 million, said Kevin Tynan, a Bloomberg Industries analyst.

    Sales in the U.S. fell to 10.4 million in 2009, the lowest since the end of the 1982 recession. They improved to 11.6 million in 2010 and 12.8 million last year
     
  2. Moonglow
    Offline

    Moonglow Diamond Member

    Joined:
    Jun 27, 2011
    Messages:
    81,559
    Thanks Received:
    7,997
    Trophy Points:
    1,870
    Location:
    sw mizzouri
    Ratings:
    +29,364
    but the economy is bad, and no one buys American products because we don't manufacture here anymore.(according to republiklans)
     
  3. BlackFlag10
    Offline

    BlackFlag10 College Conservative

    Joined:
    Jun 1, 2012
    Messages:
    121
    Thanks Received:
    40
    Trophy Points:
    46
    Ratings:
    +42
    Reduce corporate taxes and payroll taxes and we would see manufacturers come back to the states. Plus, healthcare bill does not exactly entice businesses to settle in America.
     
    • Thank You! Thank You! x 1
  4. California Girl
    Offline

    California Girl BANNED

    Joined:
    Oct 8, 2009
    Messages:
    50,337
    Thanks Received:
    8,960
    Trophy Points:
    0
    Ratings:
    +8,965
    It's taken a while for Star to get his stock of faux outrage - guess it was out of stock on ebay.
     
  5. Katzndogz
    Offline

    Katzndogz Diamond Member

    Joined:
    Sep 27, 2011
    Messages:
    65,659
    Thanks Received:
    7,418
    Trophy Points:
    1,830
    Ratings:
    +8,337
    Good thing GM went through that managed bankruptcy! Exactly as Mitt Romney said it should.

    The U.S. government first extended emergency loans to GM and Chrysler in 2008 and 2009, and then stage-managed their 2009 bankruptcies

    CONVERSABLE ECONOMIST: The GM and Chrysler Bail-Outs
     
  6. PredFan
    Offline

    PredFan Gold Member

    Joined:
    Oct 13, 2011
    Messages:
    29,191
    Thanks Received:
    4,422
    Trophy Points:
    290
    Location:
    In Liberal minds, rent free.
    Ratings:
    +11,623
    They should have let them go bankrupt. Just because you file for it, doesn't mean you close your doors forever. They would have reoganized, went back to work and, according to the OP, had a good year and the taxpayers wouldn't have had to foot the bill.

    Romeny is right, the left are wrong.....again.
     
  7. rdean
    Offline

    rdean rddean

    Joined:
    Aug 9, 2009
    Messages:
    60,075
    Thanks Received:
    6,885
    Trophy Points:
    1,840
    Location:
    chicago
    Ratings:
    +14,918
    How come you guys don't seem to know anything? Even Bain refused to help the auto industry. Because of the way the Republicans left the economy, no one was willing to "invest" in the auto industry. Without the support from Obama, not only would the auto industry be gone, but all the related industries would be either gone or greatly reduced. Like steel and plastic and all the other things that go into making cars.

    Why do these things have to be explained to ignorant right wingers over and over and over again? How come they don't know how anything works? I wonder how many believe the earth is flat or only a few thousand years old? Oh, wait.
     
  8. Stephanie
    Offline

    Stephanie Diamond Member Supporting Member

    Joined:
    Jul 11, 2004
    Messages:
    70,236
    Thanks Received:
    10,817
    Trophy Points:
    2,040
    Ratings:
    +27,359
    lol, without Obama the auto industry would BE GONE

    good gawd, any more dramatic and bull

    I think what you meant withouts US TAXPAYERS obama couldn't have bailed GM and saved his buddies in the Unions.

    the hell if we got nothing for it
     
    Last edited: Jun 1, 2012
  9. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    they just learned nothing from the fucking huge crash they caused
     
  10. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    they should replay clips of robmoney saying that in every town with a auto manufacturing or auto parts plant.
     

Share This Page