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#151
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Actually, GM did file for Chapter 11 bankruptcy protection in June 2009.
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#152
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Yep, it was part of their ploy to get government money.
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution |
#153
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Saving a million jobs was a "ploy"?
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#154
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No, the filing of bankruptcy was part of the ploy for my tax money. BTW, there is no way that a million jobs would have been lost. Many of the suppliers would simply have been selling more parts to other auto makers. You are smart enough to understand that aren't you?
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution |
#155
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To Chinese automakers? How does that work?
If GM had been sold to any Oriental car company, they would have bought it for one reason only, to sell it off and close it down. You simply don't understand how their market-share driven business model works, do you? |
#156
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Quote:
I understand it fine. What YOU do not understand is that if your socialists had not intervened to begin with, the US wouldn't be in this pickle. Do you think that GM would have declared bankruptcy and then POOF, everything is in China. You are even more programmed than I thought. did you spend the weekend at one of B.O.'s ReEducation Camp's or something?
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution |
#157
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Quote:
General Motors Repays $8.1 Billion in Government Loans - ABC News
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TC Current stable: - 2004 Mazda RALLYWANKEL - 2007 Saturn sky redline - 2004 Explorer...under surgery. Past: 135i, GTI, 300E, 300SD, 300SD, Stealth |
#158
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Quote:
Yes, and then they took other subsidies elsewhere. It was like getting anothe loan to pay off the first one, but then only publicly speaking about the one they paid off and not the one that they just took out.
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution |
#159
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Quote:
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#160
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Quote:
Even a LOAN to private business is not what our government is supposed to be doing with our tax money. If GM were completely caught up on their debt to the US Govt. I wouldn't have as much problem with it. The sneaking around about it makes it even MORE sinister. General Motors Will Never Repay Taxpayers - Reason Magazine
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution |
#161
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Quote:
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#162
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Quote:
“It wasn’t that hard for me, just so you know. I made the decision to use your money to prevent the collapse from happening.” – President George W. Bush, speaking at the University of Texas at Tyler
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I'd rather argue against a hundred idiots, than have one agree with me. — Winston Churchill |
#163
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Quote:
You probably have not read other threads where I condemn GW for the TARP just as much as B.O. for all his wasteful spending. The govt. shouldn't be using my tax money for ANY OF IT!
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution |
#164
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No I have not had the time to read all the other threads. I have read a few exchanges you've had with Kerry and they are pure gold.
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I'd rather argue against a hundred idiots, than have one agree with me. — Winston Churchill |
#165
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So, here it is. Gingrich is calling for allowing people to put their withholding into private retirement accounts instead of paying it into social security. He says it will level the playing field, which is insane, and reduce costs, which is a fantasy. The administrative costs of social security are miniscule compared to the administrative costs of private investment accounts. I don't know why he thinks that is going to change.
I assume that the amounts that people save in their private retirement accounts will pass to their heirs. If so, then that is the end of social security. The only reason the system works so well is because some people die without ever collecting what they paid in. It's just the right dash of socialism in our capitalist system. All that aside, what does he think he will accomplish? Under his plan people in their 20s and 30s will need to get out their crystal balls and decide which option will be better for them 30 or 40 years in the future. The ones with the best crystal balls will come out OK. The others, well, too bad. Why that is a superior moral position is not clear to me. Both groups will be compelled to pay their money into the system, but the ones that guess best will be better off in their old age. Whoopee. See, Larry, my prediction was correct. Seacoastonline.com | Latest News from the Associated Press |
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