Well it looks like the auto bailouts worked.

[mattf 5,000+ posts]

Two major auto makers needed money from the taxpayers so they wouldn't go bankrupt and it worked.

Oh wait...

What company is expected to file for bankruptcy on Monday?

Click to read more...

 

[WOT]

which? did you guys actually give them money?

 

[Lugnutz 10+ year member]

What's funny is everybody thinks bankruptcy is free and doesn't cost tax payers anything.

 

[bw_audio 10+ year member]

..

 

[newusername 10+ year member]

What's funny is everybody thinks bankruptcy is free and doesn't cost tax payers anything.

Classic deflection. Take one argument, turn into another.

$(Bailout + bankruptcy) > $(bankruptcy)

 

[Lugnutz 10+ year member]

Two major auto makers needed money from the taxpayers so they wouldn't go bankrupt and it worked.

You're just a peon. Your taxes don't matter. The government runs on large corporation like GM. get off your ****ing high horse and join us in reality. 40% of you pissants don't even pay taxes. GM's Tech Center in Warren, for instance, pays 1.5 million annually in property taxes to the city of Warren. Their powertrain plant in Warren pays 750k annually in property taxes. That pays for all you irrelevant peons education, police, firefighters, city services etc. GM's headquarters in Detroit pays millions of property taxes to the city of Detroit. They also have over 4000 employees there who pay Detroit city income tax. The Big 3 has paid billions in taxes. They also produced military vehicles for the US in WWII. These companies have given hundreds of thousands of jobs to people who pay taxes, and yet you want to get on your soap box and cry about helping out a company who has done more for America than you will ever do in your lifetime? Just because you pay less that one tenth of a percent of taxes than GM does?

 

[billjones42 10+ year member]

ready for the Dow to drop about 1400 points in a day? Cuz that's what's gonna happen tomorrow when gm does declare. I love Obama. Oh, wait. No I fvcking don't.

 

[xtremebassjunky 10+ year member]

hmm

 

[Lugnutz 10+ year member]

ready for the Dow to drop about 1400 points in a day? Cuz that's what's gonna happen tomorrow when gm does declare. I love Obama. Oh, wait. No I fvcking don't.

GM's stock is already rock bottom, I doubt it will have a huge effect especially since the threat of bankruptcy has been apparent for quite some time.

 

[Lugnutz 10+ year member]

Oh, and how is it Obama's fault? It was Bush who passed the bailouts.

 

[bigbangtheory 5,000+ posts]

Looks like my ma is gonna have to finally get a job.......

 

[Lugnutz 10+ year member]

Looks like my ma is gonna have to finally get a job.......

Why? If she is retired from GM her pension is fine. If she works at GM, than she is up shits creek.

 

[bw_audio 10+ year member]

..

 

[Lugnutz 10+ year member]

And congress that pushed for them. if he turned them down, they'd still get approved.

No they wouldn't have. They didn't have enough votes and how is that in any way Obama's fault when he wasn't in office, and was out campaigning and not voting in the senate? //content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif Obama is the hypocrite who said the government has no interest in running GM, yet he forced Rick Wagoner out, and the US will now own 72.5% of GM, but Obama in no way had anything to do with this bailout. He is the one not allowing anymore money to GM, in the form of loans.

 

[bigbangtheory 5,000+ posts]

Why? If she is retired from GM her pension is fine. If she works at GM, than she is up shits creek.

Retired from Delphi Packard.........same thing right?