Paid back?

[~Rocktar~]

Hey, Liberal Apologist Douchebags, I thought you said we would get all our money back from the auto bail out? What, it isn't true, how dare you lie, cheat, steal and saddle the American Taxpayer with the burden of supporting bloated UAW benefits while walking all over Federal bankruptcy laws? Nevermind, it's the messiah Obama who can do no wrong.

OK, enough of the melodramatic self righteous indignation, here's the article. Seems that despite continued BS, we (US taxpayer) still lose money in the deal.


http://www.csmonitor.com/USA/Politics/2011/0603/As-Obama-hails-auto-bailout-rise-in-unemployment-rate-dampens-message


But an important part of the auto rescue was also undertaken by the Bush administration. In a report released this week, the White House said the US government committed some $80 billion in all to rescue GM and Chrysler. Of that, about half had been repaid as of early June.

"While the government does not anticipate recovering all of the funds that it invested in the industry, the Treasury’s loss estimates have consistently improved – from more than 60 percent in 2009 to less than 20 percent today," the report said.

A loss of 20 percent of the bailout money would amount to $16 billion.

Let the apologies and excuses begin.

[Tgo01]

Let the apologies and excuses begin.

I'm sorry, it's Mexico's fault.

[Archigeek]

OK, enough of the melodramatic self righteous indignation...

For good, or just this once? One can only hope.

[Back]

Typical. Bush fucks up and the wing nuts blame it on Obama.

[Tgo01]

All we need in this thread now is Firestorm Killa and IW on an alt and this thread will be complete.

[Cephalopod]

Nevermind, it's the messiah Obama who can do no wrong.

From the article you quoted... in fact, the first sentence you quoted:


But an important part of the auto rescue was also undertaken by the Bush administration.


But whatever. I'm on-record on these boards as being against the auto bailout when it first came up, despite being a liberal mush-head. I'm surprised we got any money back at all.

[4a6c1]

I saw the sign. And it opened up my eyes. I saw the sign.

/self righteous indignation

[Warriorbird]

Hey, Liberal Apologist Douchebags, I thought you said we would get all our money back from the auto bail out? What, it isn't true, how dare you lie, cheat, steal and saddle the American Taxpayer with the burden of supporting bloated UAW benefits while walking all over Federal bankruptcy laws? Nevermind, it's the messiah Obama who can do no wrong.

OK, enough of the melodramatic self righteous indignation, here's the article. Seems that despite continued BS, we (US taxpayer) still lose money in the deal.


http://www.csmonitor.com/USA/Politics/2011/0603/As-Obama-hails-auto-bailout-rise-in-unemployment-rate-dampens-message


But an important part of the auto rescue was also undertaken by the Bush administration. In a report released this week, the White House said the US government committed some $80 billion in all to rescue GM and Chrysler. Of that, about half had been repaid as of early June.

"While the government does not anticipate recovering all of the funds that it invested in the industry, the Treasury’s loss estimates have consistently improved – from more than 60 percent in 2009 to less than 20 percent today," the report said.

A loss of 20 percent of the bailout money would amount to $16 billion.

Let the apologies and excuses begin.



This is already hilarious.

[Latrinsorm]

HAHAHAHA SUCK IT AMERICAN TAXPAYERS

Now you see our master plan come to fruition!!! We used Socialist Liberal Socialism (that is Socialist) to make you give a net $16 billion to.. um... massive capitalist corporations... wait...

[diethx]

http://pics.blameitonthevoices.com/072010/small_wtf%20painting%20of%20the%20day%20-%20the%20miraculous%20lactation%20of%20st%20bernar d.jpg

[NocturnalRob]

Saw that Cano painting in the Prado. BOOB MILK!

[Latrinsorm]

http://pics.blameitonthevoices.com/072010/small_wtf%20painting%20of%20the%20day%20-%20the%20miraculous%20lactation%20of%20st%20bernar d.jpgThat would either be the best Mythbusters ever or the worst.

[NocturnalRob]

So, uh, what's the symbology there?

[diethx]

So, uh, what's the symbology there?

I dunno about symbology, but clearly hypno-lactation perverts have been around for forever.

[NocturnalRob]

1) Go watch Boondock Saints immediately.
2) HYPNOTOAD!!

[~Rocktar~]

From the article you quoted... in fact, the first sentence you quoted:


But whatever. I'm on-record on these boards as being against the auto bailout when it first came up, despite being a liberal mush-head. I'm surprised we got any money back at all.

And Obama followed through with it adding his own brand of crap by circumventing bankruptcy laws to pay unions first followed by a billion dollar welfare plan to get people to buy cars, destroy used cars thus artificially stimulating new car sales for years to come since used cars will be in short supply. That doesn't begin to weigh the cost to the poorest of Americans that rely on affordable used cars for transportation who have seen a sharp rise in costs for used auto parts and used cars.