Multi Sport
DA
Not that far back E... you needed time to become the liar you are today.
2020...
- Thread starter tenacious
- Start date
As best as I can remember, the first time anyone on the forum predecessors got upset about my honesty was 2008, when I wrote up a humorous story about referees at National Cup in Lancaster ejecting the wrong parent.
Multi Sport
DA
Sounds about right... eleven years to become the person you are today.
Very simple. Trump was assisted several times by judicial bailouts aka bankruptcy and banks and GM were assisted by congressional/presidential bailouts. Those are facts. Keep struggling.
I have no problem saving GM.
The government take over by the Obama administration was as socialist as the politboro.
If GM had restructured in court, the UAW would no longer be in existence.
Obama didn't take over Solyndra and return it to a healthy business position.....
Nice try, Lion!
On December 19, 2008, a week after Republicans in the Senate had killed a bailout bill proposed by Democrats, saying it didn’t impose big enough wage cuts on the U.A.W., Bush unilaterally agreed to lend $17.4 billion of taxpayers’ money to General Motors and Chrysler, of which $13.4 billion was to be extended immediately. He had to twist the law to get the money. Deprived of congressional funding, he diverted cash from the loathed TARP program, which Congress had already passed, but which was supposed to be restricted to rescuing the banks. “I didn’t want there to twenty-one-per-cent unemployment,” he said to a meeting of the National Automobile Dealers Association in Las Vegas last month, explaining why he acted as he did. “I didn’t want history to look back and say, ‘Bush could have done something but chose not to do it.’ ”
Bruddah IZ
DA
Floundering. LMAO!! Fries U!! What a deal.
I can't help it if you choose to skip posts that prove you wrong...nice try indeed.
Let me repeat from page 128 of this thread.
Yes Bush working with the Obama transition team approved the bailout, then when Obama awarded the money he stipulated certain things like firing the CEO & the now discontinued Chevy Volt...
Obama took over GM and saved the UAW. Which was a large part of GM's problem and a huge contributor to the Obama campaign.
from US News & World Report:
For Obama, the bailout of GM was an opportunity to suggest that government intervention in the private economy, if it's done right, can be a good thing and to present himself as a chief executive who cared, in contrast to the messaging flowing out of his campaign about his GOP opponent, former Massachusetts Gov. Mitt Romney.
But it turns out the American people may have been sold a bill of goods, that the so-called bailout of Chrysler and GM was more about saving the once all-powerful United Auto Workers' union than it was about bringing the companies back to profitability. It's a story that ranges from the slime to the ridiculous that should, as several recent news accounts suggest, be looked at more closely.
One is a story that ran in the October 14 edition of USA Today that said GM had "boosted prices of its redesigned 2014 full-size pickups $1,500 – enough to pay for a $1,500 rebate currently offered on most models." The scheme is so bizarre on its face that it sounds like it could only have sprung from the mind of one of the automakers' Washington overlords during the period immediately following the bailout.
from AP-CNBC
President Obama asserted unprecedented government control over the auto industry Monday, rejecting turnaround plans from General Motors and Chrysler and raising the prospect of controlled bankruptcy for either ailing auto giant.
In an extraordinary move, the administration forced the departure of Rick Wagoner as CEO of General Motors over the weekend, and implicit in Obama's remarks was that the government holds the ability to pull the plug on that company or Chrysler.
The Bush administration late last year approved $17 billion in federal funds to help GM and Chrysler survive. It also demanded both companies submit restructuring plans that the Obama administration would review.
Even as he pronounced their effort unsatisfactory, the president said the administration will offer General Motors "adequate working capital" over the next 60 days to produce a reorganization plan acceptable to the administration.
Busy removing all doubt....
Bruddah IZ
DA
I’ve abandoned free market principles to save the free market system.--George Bush
In other words, he abandoned Main Street to rescue Wall Street.
Don't they all. What, you said something sensible? Impossible.
You just confirmed my statement, pointing out your error. Bush approved the bailout and gave them the money while he was president and Obama wasn't. Tough for you to swallow, huh?
Bruddah IZ
DA
When you explain the difference between bankruptcy and bailouts then argue the difference between the two, which you've done repeatedly, things become quite impossible for you people to reconcile.
I said Bush approved the bailout a couple a weeks ago. Never said otherwise. Bush approved loaning GM money. Obama took over GM. See the difference?
What you ignore is that Obama rejected the reorganization plan submitted by GM, and in unprecedented action, fired the CEO and put stipulations on GM, including among other things, ordering the manufacture of the Chevy Volt.
"In an extraordinary move, the administration forced the departure of Rick Wagoner as CEO of General Motors over the weekend, and implicit in Obama's remarks was that the government holds the ability to pull the plug on that company or Chrysler."
You also ignore, according to US News & World Report, "the so-called bailout of Chrysler and GM was more about saving the once all-powerful United Auto Workers' union than it was about bringing the companies back to profitability"....
Bruddah IZ
DA
Who is John Gault?
Nonononono
PREMIER
Someone with a name remarkably similar to John Galt.
Bruddah IZ
DA
Unremarkably
Multi Sport
DA
This guy chooses see things through Liberal tinted glasses..
Glasses, tinted or otherwise, will not help a blind man.....