Shutterbugsailer Loc: Staten Island NY (AKA Cincinnati by the Sea)

Think you missed my point. She thinks going into politics at all is a waste of a brilliant medical mind. She worships doctors

travelwp Loc: New Jersey

I'm sorry, yes I did miss the point.

lukevaliant Loc: gloucester city,n. j.

anything .gov is bull-when is the last thing you saw anything good on .gov?

lukevaliant Loc: gloucester city,n. j.

:thumbdown:

lukevaliant Loc: gloucester city,n. j.

again i'm sorry phil-that this went sour for you & all who agree with us :(

Pepper Loc: Planet Earth Country USA

After carefully reading all the posts on this thread to this point (page 4). This is the only racist remark or post I've read....just sayin. Could it be that you are confused about just what a racist is?

thegrover Loc: Yorba Linda, CA

So saving the auto industry was bad policy?

phil7782 Loc: Rancho Cucamonga, CA

You are SOOOOOO wrong...

I guess you don't actually read the news or know the facts about the so-called "bailout"...

GM was given an original "loan" of $50 Billion to "save" them. Obama also slipped in another $45 Billion in Tax Credits to help GM write off Post Bankruptcy losses. Do you see the word "BANKRUPTCY" ?.

YES !! GM had to declare bankruptcy, as part of the process of the "bailout"...

It's really funny how Romney said the best thing GM could do was to go through Chapter 11, reorganize, reset contracts and start with a better bottom line and it would not cost the Taxpayers ANY $$$. But, OBAMA, in his infinite stupidity, said he would NOT ALLOW GM TO GO BANKRUPT !!

Well, they DID, ANYWAY !!!

And even though GM has paid back part of the loan, it will be at least another 12 years before they are expected to pay back the rest. Either way, the TAXPAYER will be out anywhere from $5 Billion to $10 Billion, maybe more as the stock price of GM does NOT currently support the debt and is not expected to. In other words, the Taxpayer has invested more in GM than it's worth. Doesn't sound like much of a "save", does it?

And with the $7,500 of Tax Incentives for buying the Chevy Volt, ALL that is a loss of revenues that the Taxpayer has to subsidize.

The ONLY reason that GM got the loan was to pay back the UAW. The UAW became one of the major stockholders of GM in exchange for non-funded pension benefits. And how did they GET that stock? By TAKING IT AWAY from the ORIGINAL Lien Holders which consisted of State Pension and Retirement Plans, private investors and corporate investors. So, in essence, Obama stole property from legitimate first position owners of GM and gave it to hos Union buddies.

So, if you actually ever knew the facts, you would know that the GM deal was a sweetheart deal for GM and another way for Obama to stick it to the taxpayer.

I'm sorry to say this, but all you have to do is look around and see that Detroit has declared bankruptcy, many car divisions are now history, and the taxpayer is STILL on the hook for the "bailout".

If you call that "saving the auto industry", please remind me never to ask for your business advice.

Phil

Michael Hartley Loc: Deer Capital of Georgia

My point exactly, back on page one.