US swallowed $9.7 billion loss on General Motors bailout

[daveman]

That's exactly right and Wall Street and every major economist agrees with the $24 billion hit our economy took because of the Shutdown. It's measured in lost productivity and lost revenue, and then longterm it's measured in things like higher interest rates and the extra money it will cost to borrow money because lenders are a little more skeptical now of us because they understand that one political party in the country is opposed to paying the country's bills.

Nonsense. The federal employees are all getting Back Pay, so nothing has been taken out of the economy in the way you mean it. And all of the suppliers will get paid.

So if you operated the Subway sandwich shop in the lobby of a Federal Building and nobody on floors 2-50 came to work, you don't think your business would be effected?
Or if you ran the cleaning company for the building, delivered paper to the building, etc...

$24 billion is a lotta sammiches.

 

[daveman]

$9.7 billion to save the auto industry

$24 billion to show how stupid is TeaPology

As far as I understand it most Tea Party members believe in following the Constitution, government spending what they take in (fiscally responsible), reducing the national debt and reducing the size of government..

You have a problem with that Jake .. or ..are you ready to come out as a raving liberal?

It's not what they believe that's important. It's what they have done, shutting down government, electing freshmen politicians that have no idea how to run the government, creating the largest surge in bills that attack women’s rights in the history of the country, and reminding America that racism still exist.

Patriotic rhetoric and radicalism is not working. Only 8% of the voters now identify themselves as Tea Party members and only 21% of the public have a favorable opinion of the Tea Party.

It's what they have done, shutting down the government, electing a President that has no idea how to lead, creating the largest surge in debt in the history of the country, and promoting racism and division all over America.

Damn Democrats.

 

[Seawytch]

As far as I understand it most Tea Party members believe in following the Constitution, government spending what they take in (fiscally responsible), reducing the national debt and reducing the size of government..

You have a problem with that Jake .. or ..are you ready to come out as a raving liberal?

Then they should work for that and not waste 24 billion dollars. Right, Lumpy1?

The TPM has done absolutely nothing. Where is their plans for job creations and to jump start a sluggish economy.

When one is the minority end of the minority party, one has to compromise

Ahh, yes, the left's version of "compromise": "STFU and do exactly what we tell you, you racist!!"

Tea Party supporters were the most fervently opposed to compromise of any of the groups examined by Gallup. Forty-five percent of tea party supporters said that it is more important for political groups to stick to their beliefs, even if little gets done, while 31 percent responded in favor compromise.​

Poll: Americans want compromise

 

[rdean]

I've yet to see any actual proof on this...you gotta a link?

Shutdown took $24 billion bite out of economy - Oct. 16, 2013

Thanks, although I see no blame assigning. With Democrats holding 66.6% of the federal elected power a minimum of 18 billion would fall on them if you wanted to be fair.

Yea, filibuster.

 

[JoeB131]

Democrats footed the bill for failure and you support it, that's the bottom line.

It was a success, your inane denial notwithstanding.

So, losing $9.7 billion dollars on an investment is a success to you.

Remind me not to take any investment advice from progressives. They SUCK at it.

It wasn't an "investment".

It was the rescue of a key part of the economy, and yes, it cost less than the results of the collapse of GM with the resulting loss of tax revunes and increased payments of benefits would have cost.

Now, if we were really smart, we'd actually do that the Japanese and Germans do, and treat our auto industry as a national resource.

 

[rdean]

The Republicans have become such fuckers. No, really.

You can't "test" a website servicing a hundred million people until it goes live. See Windows, Ipod, X-Box.......and so on.

Everybody spies on everybody. Republicans are trying to set the country up for another attack so they can claim Obama didn't keep us safe. Remember, these are the swine that want disaster victims to pay to be rescued and shouted out "let him die" at a GOP presidential debate.

Now they are whining about 10 billion that was used to save jobs???? After they shut down the government costing 24 billion and are now refusing to take responsibility while, at the same time, trying to take "credit"? And remember, they shipped 9 billion off to Iraq in small bills and literally gave them to anyone with an open hand.

Fellow Republicans Accuse Sen. Ted Cruz Of Sparking Shutdown And Dividing The Party - Fox

 

[jon_berzerk]

The Republicans have become such fuckers. No, really.

You can't "test" a website servicing a hundred million people until it goes live. See Windows, Ipod, X-Box.......and so on.

Everybody spies on everybody. Republicans are trying to set the country up for another attack so they can claim Obama didn't keep us safe. Remember, these are the swine that want disaster victims to pay to be rescued and shouted out "let him die" at a GOP presidential debate.

Now they are whining about 10 billion that was used to save jobs???? After they shut down the government costing 24 billion and are now refusing to take responsibility while, at the same time, trying to take "credit"? And remember, they shipped 9 billion off to Iraq in small bills and literally gave them to anyone with an open hand.

Spoiler: You can't "test" a website servicing a hundred million people until it goes live.

--LOL yeah sure

 

[rdean]

The Republicans have become such fuckers. No, really.

You can't "test" a website servicing a hundred million people until it goes live. See Windows, Ipod, X-Box.......and so on.

Everybody spies on everybody. Republicans are trying to set the country up for another attack so they can claim Obama didn't keep us safe. Remember, these are the swine that want disaster victims to pay to be rescued and shouted out "let him die" at a GOP presidential debate.

Now they are whining about 10 billion that was used to save jobs???? After they shut down the government costing 24 billion and are now refusing to take responsibility while, at the same time, trying to take "credit"? And remember, they shipped 9 billion off to Iraq in small bills and literally gave them to anyone with an open hand.

Spoiler: You can't "test" a website servicing a hundred million people until it goes live.

--LOL yeah sure

Yea, because you have a test lab with a 100 million people, right? Does that really have to be explained? Is "stupid" catching?

Another United Airlines website glitch gives fliers nearly free flights* - NY Daily News

Oh yea, private industry does it so much better. Notice how they start off with "another"? Why wasn't this tested. Perhaps you could explain Einstein.

 

[jon_berzerk]

The Republicans have become such fuckers. No, really.

You can't "test" a website servicing a hundred million people until it goes live. See Windows, Ipod, X-Box.......and so on.

Everybody spies on everybody. Republicans are trying to set the country up for another attack so they can claim Obama didn't keep us safe. Remember, these are the swine that want disaster victims to pay to be rescued and shouted out "let him die" at a GOP presidential debate.

Now they are whining about 10 billion that was used to save jobs???? After they shut down the government costing 24 billion and are now refusing to take responsibility while, at the same time, trying to take "credit"? And remember, they shipped 9 billion off to Iraq in small bills and literally gave them to anyone with an open hand.

Spoiler: You can't "test" a website servicing a hundred million people until it goes live.

--LOL yeah sure

Yea, because you have a test lab with a 100 million people, right? Does that really have to be explained? Is "stupid" catching?

Another United Airlines website glitch gives fliers nearly free flights* - NY Daily News

Oh yea, private industry does it so much better. Notice how they start off with "another"? Why wasn't this tested. Perhaps you could explain Einstein.

you dont need a 100 million people to do the testing

get real

--LOL

 

[rdean]

Spoiler: You can't "test" a website servicing a hundred million people until it goes live.

--LOL yeah sure

Yea, because you have a test lab with a 100 million people, right? Does that really have to be explained? Is "stupid" catching?

Another United Airlines website glitch gives fliers nearly free flights* - NY Daily News

Oh yea, private industry does it so much better. Notice how they start off with "another"? Why wasn't this tested. Perhaps you could explain Einstein.

you dont need a 100 million people to do the testing

get real

--LOL

Not at the beginning. But you won't actually know if it can handle 100 million until it goes "live". Can you continue to argue something so obvious? Really?

 

[Nova78]

US swallowed $9.7 billion loss on General Motors bailout

No problem, GM is making record profits, they can pay this back .

 

[Darkwind]

That's exactly right and Wall Street and every major economist agrees with the $24 billion hit our economy took because of the Shutdown. It's measured in lost productivity and lost revenue, and then longterm it's measured in things like higher interest rates and the extra money it will cost to borrow money because lenders are a little more skeptical now of us because they understand that one political party in the country is opposed to paying the country's bills.

Nonsense. The federal employees are all getting Back Pay, so nothing has been taken out of the economy in the way you mean it. And all of the suppliers will get paid.

So if you operated the Subway sandwich shop in the lobby of a Federal Building and nobody on floors 2-50 came to work, you don't think your business would be effected?
Or if you ran the cleaning company for the building, delivered paper to the building, etc...

The subway shop provides a valuable service for which they charge a reasonable price.

The government offers addiction and charges people who do not partake of their services.

How exactly is your analogy even remotely close?

 

[rdean]

I've yet to see any actual proof on this...you gotta a link?

Shutdown took $24 billion bite out of economy - Oct. 16, 2013

That is not a bill we are footing. That is an estimate of money which wasn't spent and thus isn't circulating in the U.S. economy. Some of the money could have been spent if the Obama administration hadn't insisted on posting guards to shut down sites which had been allowed to operate during past governmental shut downs.


Curious how you call the shutdown a GOP temper tantrum when

A) Obama and the Democrats are the ones who said they would not compromise even it if it meant defaulting on our debts and

B) the past month has thoroughly vindicated Republicans on what they were protesting against.

Why would you call "caving in to blackmail" a compromise? Remember the last time? Republicans said Obama "caved". And it only made the deficit grow larger. It was supposed to "create jobs". GOP, wrong then, wrong now.

Unemployment benefits: not until Bush tax cuts pass, Senate GOP says - CSMonitor.com

 

[rdean]

The Republicans have become such fuckers. No, really.

You can't "test" a website servicing a hundred million people until it goes live. See Windows, Ipod, X-Box.......and so on.

Everybody spies on everybody. Republicans are trying to set the country up for another attack so they can claim Obama didn't keep us safe. Remember, these are the swine that want disaster victims to pay to be rescued and shouted out "let him die" at a GOP presidential debate.

Now they are whining about 10 billion that was used to save jobs???? After they shut down the government costing 24 billion and are now refusing to take responsibility while, at the same time, trying to take "credit"? And remember, they shipped 9 billion off to Iraq in small bills and literally gave them to anyone with an open hand.

Spoiler: You can't "test" a website servicing a hundred million people until it goes live.

--LOL yeah sure

Yea, because you have a test lab with a 100 million people, right? Does that really have to be explained? Is "stupid" catching?

Another United Airlines website glitch gives fliers nearly free flights* - NY Daily News

Oh yea, private industry does it so much better. Notice how they start off with "another"? Why wasn't this tested. Perhaps you could explain Einstein.

One day we might find an argument the right wing could win. Today is not that day.

 

[daveman]

Then they should work for that and not waste 24 billion dollars. Right, Lumpy1?

The TPM has done absolutely nothing. Where is their plans for job creations and to jump start a sluggish economy.

When one is the minority end of the minority party, one has to compromise

Ahh, yes, the left's version of "compromise": "STFU and do exactly what we tell you, you racist!!"

Tea Party supporters were the most fervently opposed to compromise of any of the groups examined by Gallup. Forty-five percent of tea party supporters said that it is more important for political groups to stick to their beliefs, even if little gets done, while 31 percent responded in favor compromise.​

Poll: Americans want compromise

Yes, because no one should stick to their principles. They should only do what's politically expedient.

The GOP's been doing this for years, after vague promises of negotiation and compromise from the left -- which are ALWAYS broken.

It's why America is in the mess we're in now...because conservatives haven't stood by their principles.

 

[daveman]

It was a success, your inane denial notwithstanding.

So, losing $9.7 billion dollars on an investment is a success to you.

Remind me not to take any investment advice from progressives. They SUCK at it.

It wasn't an "investment".

It was the rescue of a key part of the economy, and yes, it cost less than the results of the collapse of GM with the resulting loss of tax revunes and increased payments of benefits would have cost.

GM also promised to pay it back.

How'd that work out?

Now, if we were really smart, we'd actually do that the Japanese and Germans do, and treat our auto industry as a national resource.

Spoken like a true Communist.

 

[Claudette]

Obama saved GM??

Bullshit. What he did was pay back the Unions for all their support for his election. They needed to pull their mismanaged pension funds out of the red. Our tax dollar at work. We are still waiting for the payback of those tax dollars.

Even after our tax dollars they still went bankrupt. Something they should have done without our tax dollars.

GM should have gone into bankrupcy, reorganized and come back if they were good enough to come back that is.

 

[rdean]

If Obama had let the auto industry die, so many of these right wingers wouldn't be complaining. At least not here at the USMB. Hard to blog when you are homeless.

 

[daveman]

If Obama had let the auto industry die, so many of these right wingers wouldn't be complaining. At least not here at the USMB. Hard to blog when you are homeless.

Really? How many of us would have become homeless, and who are they?

Oh, never mind. You're just mindlessly spouting shit, like usual.

 

[g5000]

Detroit is saved and bin Laden is dead

Get the transcript, Candy

I seeeee...

So any business that grossly fucked up and is failing should get bailed out by the government. Or do you hate jobs?