So when are we going to bailout American Airlines?

Discussion in 'Politics' started by Leweman, Feb 7, 2012.

  1. Leweman
    Offline

    Leweman Gold Member

    Joined:
    Aug 5, 2010
    Messages:
    4,219
    Thanks Received:
    508
    Trophy Points:
    155
    Ratings:
    +911
    anybody? anybody? Some people won't like this article.

    American Airlines Shows The Corruption Of Obama's GM Bailout - Forbes

    "But Obama did not “save” Detroit. A bankruptcy that followed the rule of law would have “saved” Detroit better than Obama’s, which left GM under the federal government’s diktat, unable to borrow, and with high labor costs. Obama’s favoritism towards the UAW “elevated costs in a way that damage prospects for a successful reorganization.” Obama’s corrupt bailout will lead to higher prices for the middle class, crippled job growth in the auto industry, and more manufacturing jobs exported abroad."
     
  2. Leweman
    Offline

    Leweman Gold Member

    Joined:
    Aug 5, 2010
    Messages:
    4,219
    Thanks Received:
    508
    Trophy Points:
    155
    Ratings:
    +911
    i thought more people would read this article.
     
  3. HUGGY
    Offline

    HUGGY I Post Because I Care Supporting Member

    Joined:
    Mar 24, 2009
    Messages:
    33,750
    Thanks Received:
    3,807
    Trophy Points:
    1,140
    Location:
    Seattle at large...Ballard lately
    Ratings:
    +6,298
    Why should we?...Bain is going to do a bang up job of "saving" it starting with firing 13,000 employees.
     
    • Thank You! Thank You! x 1
  4. Decepticon
    Offline

    Decepticon BANNED

    Joined:
    Jan 11, 2012
    Messages:
    1,138
    Thanks Received:
    189
    Trophy Points:
    0
    Ratings:
    +189
    Did GM pay back it's bailout loan?
    Yes.

    Have the banks?
    BWAH HA HA HA HA HA HA HA HA!!!

    Nuff said.
     
    • Thank You! Thank You! x 1
  5. Leweman
    Offline

    Leweman Gold Member

    Joined:
    Aug 5, 2010
    Messages:
    4,219
    Thanks Received:
    508
    Trophy Points:
    155
    Ratings:
    +911
    Nope GM hasn't ... Banks didn't take any to begin with, none of that would change the facts of the article.
     
  6. HUGGY
    Offline

    HUGGY I Post Because I Care Supporting Member

    Joined:
    Mar 24, 2009
    Messages:
    33,750
    Thanks Received:
    3,807
    Trophy Points:
    1,140
    Location:
    Seattle at large...Ballard lately
    Ratings:
    +6,298
    Liar.
     
  7. LordBrownTrout
    Offline

    LordBrownTrout Gold Member

    Joined:
    Nov 25, 2007
    Messages:
    16,114
    Thanks Received:
    3,088
    Trophy Points:
    280
    Location:
    South Texas
    Ratings:
    +7,162
    In short, GM is using government money to pay back government money to get more government money. And at a 2 percent lower interest rate at that. This is a nifty scheme to refinance GM's government debt—not pay it back.
     
  8. daveman
    Offline

    daveman Diamond Member

    Joined:
    Jun 25, 2010
    Messages:
    51,299
    Thanks Received:
    5,693
    Trophy Points:
    1,775
    Location:
    On the way to the Dark Tower.
    Ratings:
    +5,761
  9. Leweman
    Offline

    Leweman Gold Member

    Joined:
    Aug 5, 2010
    Messages:
    4,219
    Thanks Received:
    508
    Trophy Points:
    155
    Ratings:
    +911
    Liar
     
  10. gallantwarrior
    Offline

    gallantwarrior Gold Member

    Joined:
    Jul 25, 2011
    Messages:
    19,874
    Thanks Received:
    3,976
    Trophy Points:
    280
    Location:
    On my own 200 acres of the Frozen North
    Ratings:
    +7,576
    Where's a citation that provides details of the GM repayment of their bailout? Thank you.
     

Share This Page