Bruddah IZ
DA
He was bored
2020...
- Thread starter tenacious
- Start date
It didn't work. People are still mocking you.
Multi Sport
DA
And those would be ignorant people... like you.
Who Magoo? You? Daffy? Your child messy? Those people? BFD.
You sound like you agree with the government takeover of GM.
Why don't you tell us where you stand on the government taking over businesses and dictating company policies and philosophies?
Do you need larger script or perhaps more meds?
From Forbes in 11/2014:
The White House forced policies on GM’s management that were oriented toward its own ideology rather than market factors. Obama himself bragged about it at a town hall meeting in Minnesota in 2011: “What we said was, if we’re going to help you, then you’ve also got to change your ways. You can’t just make money on SUV’s and trucks….And so what we’ve now seen is an investment in electric vehicles.”
That “investment” gave us the money-losing Chevy Volt, and political control of the company led to a series of other policy decisions that sapped the energy out of GM’s rebirth. These decisions including everything from union pension policies to advertising campaigns that did more for Obama’s reelection than GM’s market share.
We’ll never know where GM would be today if it had been allowed to go through bankruptcy in the ordinary way. But there’s no reason to believe the current management, appointed by Washington politicians, has been more competent than the executives who might have taken over following a Chapter 11 reorganization.
The National Legal Policy Center survey underscores the prevalence of the distaste in one state alone. Clearly, the “Government Motors” moniker is still hurting GM. For the company, the bailout resulted in bad business policies and bad public relations. The government never should have done it, and should get out as fast as it can. Maybe then, General Motors can begin its real recovery.
_______________________________________________________________________________________________________________________________________________________________
Fortunately for GM the government did get out and GM made a "real" recovery.
Last edited:
Now Chevrolet offers the Bolt --
https://cars.usnews.com/cars-trucks/chevrolet/bolt
I haven't bought a new car since 1990 (not counting the new cars my wife bought), but if I were in the market today for a new car it would be for a plug-in hybrid even though I would have to pay a premium for the electricity at the plugin station at the bus stop since there is no practicalway to do it in the apartment where we live now. I am currently trying to sell and/or donate my 1996 Toyota T100 pickup (don't need to haul big loads any more) and I am driving a 2009 Chevy HHR which gets much better gas mileage than the pickup, has a big enough carrying capacity for anything I am doing now, and only cost me $2200.
At the time of the GM takeover I was pissed at what a decade of fairytale economics had done to our retirement funds and real estate values, and doing anything seemed to be better than toying with the possibility of a 21st Century Depression. My parents both told me that they didn't see much impact of the 30's Depression because they were both living on farms so their parents' employment was unaffected and were already poor so the government recovery programs all seemed like improvements to their condition.
No new revelations today from your tech-savvy son's web archive searches?
Had W not given them the money in the first place, they would be gone now. But they suck anyway.
Bruddah IZ
DA
Not true. Cash for clunkers would have bailed them out. Lol!
"But they suck anyway".....what are you twelve?
NO they would not be gone now..they would have gone through BK court like many others did...
I have no problem saving GM.
I have a problem with the governments "unprecedented" take over...
You don’t think they suck?
Bruddah IZ
DA
Twelve? I knew he was a poser!!
Bruddah IZ
DA
What was the R-squared for a 21st century Depression.
Multi Sport
DA
Gotta be patient Magoo.. your time will come to bask in all your glory. I will be sure that the entire forum knows who you truly are, the Forum Liar...
Multi Sport
DA
This is hilarious... I imagine the left loving loons in here sitting in this audience. The audio is real but this is done South Park style... "comrade"
https://twitchy.com/samj-3930/2019/...ratic-socialist-convention-and-omg-lol-watch/
https://twitchy.com/samj-3930/2019/...ratic-socialist-convention-and-omg-lol-watch/
By now the entire forum should know who the Forum Liar is, and it's not me.
Multi Sport
DA
You were wearing that crown before I came around... I bet it's the same wherever you go online.
Que the lame response....
Were you tryin to spell "cue?" And no, that wasn't a typo.
Cue...
Multi Sport
DA
Hook, line and sinker... just didn't think I'd get two grammar Nazi's at once.
QUOTE="espola, post: 287221, member: 3"
By now the entire forum should know
who the Forum Liar is, and it's not me.
And the Forum Liar is...................
SPOLA !
/QUOTE
Not only are YOU a LIAR....
[ The Forum History Proves it . ]
You are THIEF ...and Yes ....
[ The Forum History Proves it . ]
Deny, Deny, Deny....But you LIE, LIE, LIE !
And
You stole Golf Balls from the Golf Course
by your former home.....
By now the entire forum should know
who the Forum Liar is, and it's not me.
And the Forum Liar is...................
SPOLA !
/QUOTE
Not only are YOU a LIAR....
[ The Forum History Proves it . ]
You are THIEF ...and Yes ....
[ The Forum History Proves it . ]
Deny, Deny, Deny....But you LIE, LIE, LIE !
And
You stole Golf Balls from the Golf Course
by your former home.....
Bruddah IZ
DA
"Ninety years ago — in 1921 — federal income-tax policies reached an absurdity that many people today seem to want to repeat. Those who believe in high taxes on “the rich” got their way. The tax rate on people in the top income bracket was 73 percent in 1921." ~Thomas Sowell
The 1920s saw tax rate reductions once the Republicans got power, the top bracket came down to 24%, at the bottom, it was then only 1.5%, and the roaring '20s ensued. When things slowed at the end of the decade, Hoover a "Progressive Republican," began spending government money recklessly to try to get the economy going and then with Congress, he massively raised taxes; the economy collapsed.
"Franklin Delano Roosevelt became President in March 1933, just as the economy hit bottom, and the Democrats swept disproportionate control of Congress. They kept the same rates in place until 1936 when they increased the top bracket to 79% at 82.6M. The year 1936, is when John Maynard Keynes published The General Theory, supporting the progressive ideas with his detailed mathematical tome on demand-pull spending-based theories.
In 1941, the top income tax rate went to 81% at just over 78M. Aid to Britain and military spending was ramping up in anticipation of war. Not only were the rich going to get it, but everyone was going to get it. The bottom rate was 4% up to $65,598 in 1940; this was true since the 1932 Hoover increase from 1.5% with a similar dollar amount. In 1941, the bottom bracket became 10% to $31,237.
In 1942, the bottom rate almost doubled to 19%, up to $28,171. The top went to 88%, at the much lower number of about 2.8M. In 1944, the bottom rate went up to 23% to $26,090. The highest bracket went to 94% at just over 2.6M. Remember, these are in 2013 dollars, and there were also social security taxes starting in the 1930s.
The war was over in 1946, and the bottom bracket became 20%, to $23,548. The top bracket was 91% at about 2.35M. Notice how the rates went up during the war even more than they did in WW I, but similarly, they didn’t come down much after it.
In 1952, under Democrat President Harry Truman and a Democrat-controlled Congress, the bottom rate went up to 22.2%, to $17,328. What was the political slogan for that, “tax the poor?” “Make the poor pay their fair share?” How do you define private wealth confiscation? In the low-income peoples’ case, it was stripping them of their subsistence! Is this how the Democrats were for the poor? Take it from them and maybe give some back in government aid? The politicians were just not able to tax enough out of the rich to feed the beast. The top bracket became 92% just over 1.7M. " P. 164-165 https://www.amazon.com/Economic-Clarity-Political-Confusion-Classical/dp/0578430215/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1547765974&sr=1-1
The 1920s saw tax rate reductions once the Republicans got power, the top bracket came down to 24%, at the bottom, it was then only 1.5%, and the roaring '20s ensued. When things slowed at the end of the decade, Hoover a "Progressive Republican," began spending government money recklessly to try to get the economy going and then with Congress, he massively raised taxes; the economy collapsed.
"Franklin Delano Roosevelt became President in March 1933, just as the economy hit bottom, and the Democrats swept disproportionate control of Congress. They kept the same rates in place until 1936 when they increased the top bracket to 79% at 82.6M. The year 1936, is when John Maynard Keynes published The General Theory, supporting the progressive ideas with his detailed mathematical tome on demand-pull spending-based theories.
In 1941, the top income tax rate went to 81% at just over 78M. Aid to Britain and military spending was ramping up in anticipation of war. Not only were the rich going to get it, but everyone was going to get it. The bottom rate was 4% up to $65,598 in 1940; this was true since the 1932 Hoover increase from 1.5% with a similar dollar amount. In 1941, the bottom bracket became 10% to $31,237.
In 1942, the bottom rate almost doubled to 19%, up to $28,171. The top went to 88%, at the much lower number of about 2.8M. In 1944, the bottom rate went up to 23% to $26,090. The highest bracket went to 94% at just over 2.6M. Remember, these are in 2013 dollars, and there were also social security taxes starting in the 1930s.
The war was over in 1946, and the bottom bracket became 20%, to $23,548. The top bracket was 91% at about 2.35M. Notice how the rates went up during the war even more than they did in WW I, but similarly, they didn’t come down much after it.
In 1952, under Democrat President Harry Truman and a Democrat-controlled Congress, the bottom rate went up to 22.2%, to $17,328. What was the political slogan for that, “tax the poor?” “Make the poor pay their fair share?” How do you define private wealth confiscation? In the low-income peoples’ case, it was stripping them of their subsistence! Is this how the Democrats were for the poor? Take it from them and maybe give some back in government aid? The politicians were just not able to tax enough out of the rich to feed the beast. The top bracket became 92% just over 1.7M. " P. 164-165 https://www.amazon.com/Economic-Clarity-Political-Confusion-Classical/dp/0578430215/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1547765974&sr=1-1