General Motors

[ReplayRandall]

Originally Posted by Clocker

The point is that the government didn't do that, and Trump has no authority to do it after the fact.

I don't care what we should have done, the reality is what we did do. And I don't want Obama or Trump inserting themselves into the private economy. Trump doesn't have any better understanding of economics or respect for the free market than Obama did. Both believe that they are smarter than the general public, and both are sadly in error.

I disagree with regards to Trump.....but we'll just leave it at that.

[fast4522]

Originally Posted by Clocker

And I don't want Obama or Trump inserting themselves into the private economy.

But thats what you want, you have no authority to decide anything beyond your space on this earth. When your gone it will be like you were never here correct? Obama and Trump will be written about for all to read into the next hundred and beyond years right?

[Clocker]

Originally Posted by fast4522

Obama and Trump will be written about for all to read into the next hundred and beyond years right?

And the errors of their ways will be written in history. How does anything you wrote here address the issues? You can't even objectively defend any position. You just blindly agree with anything Trump says, rational or not.

[fast4522]

I can't change what a President of these United States does, you say errors when father time often does not agree with critics of the period. Maybe your not that much of a expert in economics having no ability to affect change other than do this.

[sammy the sage]

Originally Posted by ReplayRandall

Is it really?.....I would have forced GM to pay a Billion back to the taxpayers for each Billion they spent buying their stock back.....We would have been paid off, but nooooo, we had Obama at the helm, just letting these big companies do as they please, while the GM Honchos, Board of Directors fattened their wallets by selling their stock/options while driving the price up.....I'm aware of the real world Sport, that's why the US is in debt $21 Trillion....The fleecing must be put to a stop by whatever means necessary.....That's why Trump is POTUS

HHHHmmmm....that would be fleecing.... that would be ALL major U.S. companies...bankruptcies or not....except the those going down like sears....

The debt is government spending stupidly....like the government paying $400 for a hammer or a toilet...in the military for example.......the IRONY is rich here....

[sammy the sage]

Originally Posted by fast4522

I can't change what a President of these United States does, you say errors when father time often does not agree with critics of the period. Maybe your not that much of a expert in economics having no ability to affect change other than do this.

Your quote about is history/presidents is OFTEN true...although sometimes not...

The other part...well it's pretty obvious you don't agree with other poster's position but cannot come up a LOGICAL or DEBATABLE opinion of your own...and that's LULZ...

By THE way...you, he & me as well as 99.99% on this board won't be talked about in 100 yrs...(P.A. might be tho..hence the .01%)...but if an opinion can be changed for THE GOOD of mankind...and be spread slowly to other people...it's WORTHWHILE....

[lamboguy]

Originally Posted by sammy the sage

HHHHmmmm....that would be fleecing.... that would be ALL major U.S. companies...bankruptcies or not....except the those going down like sears....

The debt is government spending stupidly....like the government paying $400 for a hammer or a toilet...in the military for example.......the IRONY is rich here....

you failed to mention the fractional banking system we have in place now, its the biggest form of welfare known to man, and the banks get all the money.

we owe the world $22 trillion currently because of fractional banking. think how strong this country would be if we ever got rid of that economically. before Trump got nominated i went to one of his rallies on a cold snowy day in Portsmouth, New Hampshire at a car dealership and was fortunate to ask him a question. i asked him if he was going to do away with fractional banking, he said absolutely. right then and their i became a Trump fan. needless to say i am still waiting for him to do anything about it. one thing i know for sure is none of the other candidates from either side were going to do it. so i am still hopefull.

[sammy the sage]

Originally Posted by lamboguy

you failed to mention the fractional banking system we have in place now, its the biggest form of welfare known to man, and the banks get all the money.

we owe the world $22 trillion currently because of fractional banking. think how strong this country would be if we ever got rid of that economically. before Trump got nominated i went to one of his rallies on a cold snowy day in Portsmouth, New Hampshire at a car dealership and was fortunate to ask him a question. i asked him if he was going to do away with fractional banking, he said absolutely. right then and their i became a Trump fan. needless to say i am still waiting for him to do anything about it. one thing i know for sure is none of the other candidates from either side were going to do it. so i am still hopefull.

I was trying to stay on topic....have mentioned thru the years here how evil the fed reserve is....most agree...nothing being done tho...wouldn't hold my breath on Trump tho...he's bought and paid for despite ALL the smoke & mirrors...

[Tom]

The American people bailed out GM. This how they repay them.
the blame goes to 0bama for such a crappy deal ha made with them that had no safeguards in place, like, maybe, NO plant closures or layoffs without specific approval by the federal government until the loans are fully repaid.

We are still paying for the incompetence of that jerk.

Never should have loaned them the money.
Should have let them go under and then let the market shake it out.

And Sammy, pleeeeze, just being a capitalist doesn't mean you let them do anything they want to do. Especially when they FAIL, like GM was going to do.
GM proved THEY were not fit enough to survive capitalism. The socialist 0bama interfered and therein lies the problem. More liberal BS failing in the real world.

[boxcar]

GM Layoffs: A Tragedy Caused By Embracing Government Subsidies, Not Markets

https://www.investors.com/politics/e...edy-subsidies/

This is exactly what I said yesterday.

Obama was pushing green down the automakers' throats and GM bought into Obama's crap hook, line and sinker. And now behold: a whining, crying, butt-hurting automaker. They rolled the dice and took their chances with Obama and they lost.

As far as I'm concerned, they should be allowed to die/

[Tom]

I remember being in downtown Detroit back in the 90s, at one of their older facilities. Sitting in the waiting room, I could see a huge old GM building, sitting empty, windows broken out, empty of all business and thinking that when GM deserted the city and moved to the suburbs, it left behind a tail of slime, like a snail, from downtown to Auburn Hills and points north.

GM was never a good neighbor. Detroit paid the price for it.
They could have at least picked up the mess they left behind.

[Saratoga_Mike]

Originally Posted by Tom

GM was never a good neighbor. Detroit paid the price for it.
They could have at least picked up the mess they left behind.

You sound EXACTLY like Congressman Bobby Rush (Dem-Chicago) -- Google his comments on Target. I'm making no judgement - just struck by the similarities.

[Tom]

When you there in person you cannot ignore the S---Hole that is is in many places. Last time I was there was 2005, so I missed the real fall after the 2009 crisis. A guy I knew from there told ne that whole neighborhoods were torn down, one where I used to stop to refill the rental car before turning it in at the airport. Driving downtown on Rt 1 - Michigan Ave, you think you are in Beirut as you get closer to the city.

I actually took a week's vacation there one years, to go to Detroit Race Course every day. I may be an answer on Trivial Pursuit!

[Clocker]

A lot of folks here were strongly opposed to Obama getting involved with GM without regard to the market, and ignoring the interests of the stockholders. But now they want Trump to do the same thing.

[thaskalos]

Originally Posted by Clocker

A lot of folks here were strongly opposed to Obama getting involved with GM without regard to the market, and ignoring the interests of the stockholders. But now they want Trump to do the same thing.

Surprised?