Another BO LIE

H

Horn6721

Hook'em
Does BO really think people will believe anything he or anyone in his admin says just because he or they say it?
First an ABC story with quote from Bo on July 30The Link
from link
:Obama said Thursday that the government will recover all of the taxpayer money used in the auto industry bailout last year and held it up as an example of "a good story" in his administration's economic efforts.

Here is a vid of steven Radner( BO's suto czar) saying, " WE never said the taxpayer was going to get paid back">The Link

he says this in first few secs of Vid

and NO this is not about any of the money Bush gave. BO and Ratner are only referring to the money BO spent.
 
I made this Haddock curry the other day using balsamic vinegar, onions, bread crums, basil, milk, yougurt, ginger, garlic and tandoori powder. It turned out excellent!
 
The auto bailout was simply to buy union votes at everyone's expense. Yet American automakers (yes, the ones that were bailed out) routinely open new plants in Canada and Mexico to avoid union labor at the expense of American jobs.

All this while the Dems can't seem to understand why manufacturing jobs are leaving the US. Once again, maintaining political power prevents greedy politicians from doing the right thing for the country.
 
Canadian auto workers ARE unionized. Of course, Canadian workers also get national healthcare, so the benefits package may be less expensive for the Big 3. Methinks your example cuts against your right wing mythology. Now Mexican workers do bolster your case. They make as little as $1.50 per hour. Hooray for laissez faire.
 
lol indeed! Dude, did you even read the thread? See, he said the US auto industry is losing jobs to Canada and Mexico because of unions. I thought that was hilariousy ironic because...oh never mind. You are right, of couse. His point made perfect sense because we should try to be just like Mexico, or is it just like Canada? Or is his original point preposterous? Or do you really think I was trying to make the point that Mexico is a Laissez faire ecomomy worthy of emulation?or is it immolation?
 
And what is wrong with companies moving jobs oversees?? Isn't that simply the marketplace at work?? That is the argument I hear from the right all the time regarding economic issues.
 
It's woth noting that this is the second time the government has bailed out Chrysler. Now they're under foreign control courtesy of the U.S. Government. The road goes on forever and the party never ends.
 
But isn't the domestic automobile market flawed, thus leading to the "necessity" of government bailouts? Politics aside, there is no way that a car maker in the United States can compete internationally over time. Paying union autoworkers - what amounts to hundreds of dollars per hour counting pensions, health insurance, bonuses, etc.. - to build cars is not economically viable when the same products can be made in other parts of the world for a fraction of the cost.

I'm not arguing for or against unions. I just don't see how a domestic auto maker can compete with international companies that can sell better cars for much less.
 
The entire parts supply chain that supports GM lost $42billion in forgiven debt by the federal government. The supply chain is the one that ate the $42Billion that the federal government let slide.

In 10 years GM will be right where they are again because of their labor costs. They say that $7000 of every GM vehicle goes straight to union benefits, healthcare, pensions, etc.
 
And that's a bad thing? Profits going to workers? I get your point, but the way you say it perhaps reveals too much about your view on workers?
 
GM would not have gone completely under with massive repercussions. It would have gone into bankruptcy and reorganized. Profitable product lines would have been retained and losers shut down or put on a get well plan.

If Ford or other manufacturers needed parts that GM couldn't produce, they would have purchased the factories at bargain prices and kept them running.

The free market is efficient and will come to the optimum solution given the opportunity. However, propping up an inefficient business in the interest of union votes is bound to fail again and again and be bailed out again and again if we leave the same greedy politicians in charge.
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If the aytocompanies could make cars and sell them for more than they cost to make the companies would not have needed taxpayer money, would not have needed to screw the stock and bond holders and would not have needed the gov't to step in and make the unions a special deal ahead of stock hodlers bondholders and now taxpayers.
There is NO profit
so
that is a pure BS answer

besides as a libertarian ( isn't that what you have claimed on here) how could you support what the gov't did?
 
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