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he saved both Ford and GM

Posted on: April 13, 2012 at 15:33:35 CT
Gadfly MU
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Ford, like GM, was heavily invested in subprime derivatives, subprime mortgages and credit default swaps

all of which required gov't bailout

some directly and some indirectly

the bailout of AIG saved the American economy

it was necessary

but corrupt as hell
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Obama screws 7 million poor people out of a car. - RHAYWORTH MU - 4/13 15:10:05
     Wow, were they all going to share it ? - raskolnikov MU - 4/13 20:28:06
     And will save $8k over the life of the car(nm) - Doc_Nice MU - 4/13 16:24:39
     Destroying assets (aka affordable transportation) is never - Salty Dog MU - 4/13 16:00:51
     Cash for CLunkers was only about getting as much scrap - Mizzou Lou KC - 4/13 15:44:43
          I kept my clunker---screw em - mu7176grad MU - 4/13 15:50:00
               I been waiting years for mine to crap out. - GA Tiger MU - 4/13 16:18:46
                    RE: I been waiting years for mine to crap out. - sarasotatiger MU - 4/13 21:16:52
     In 2025 and the increased gas mileage will pay for it - MarcTiger MU - 4/13 15:43:48
          That's a great thing for rich people... - Salty Dog MU - 4/13 16:01:45
               poor people don't buy new cars - ashtray USA - 4/14 10:03:38
               Poor people spend a larger percentage - MarcTiger MU - 4/13 16:23:31
                    Yeah...If they could only afford those cars... - Salty Dog MU - 4/13 16:25:09
                         Yes, they will never ever - MarcTiger MU - 4/13 16:26:02
     Obama saved the American auto industry - Gadfly MU - 4/13 15:27:37
          Gad, if common sense was weighed - GA Tiger MU - 4/13 16:09:32
               such particles can be very powerful - Gadfly MU - 4/13 16:18:01
                    Congrats. Finally said something I won't contest.(nm) - GA Tiger MU - 4/13 16:19:32
                         but is it a wave or a particle? - Gadfly MU - 4/13 17:19:35
                              For purposes of this discussion - its irrelevant.(nm) - GA Tiger MU - 4/13 18:22:18
                                   your initial contribution was irrelevant - Gadfly MU - 4/13 21:15:29
          from being a viable business... - CalicoTiger MU - 4/13 15:38:43
               the entire economy is dependent upon the gov't - Gadfly MU - 4/13 15:40:07
                    lmao,, "free market utopianism"... - CalicoTiger MU - 4/13 15:41:40
                         libertarian free market beliefs are mere utopian fantasy - Gadfly MU - 4/13 15:43:32
                              keep telling us how govt creates wealth.. - CalicoTiger MU - 4/13 16:03:57
                                   the Fed Reserve allocates capital to Banks - Gadfly MU - 4/13 16:16:02
                              ^Prefers the Statist Utopian models of Ordos and Zheng Zhou - Mizzou Lou KC - 4/13 16:03:50
                                   regulated capitalism with social safety nets and democracy - Gadfly MU - 4/13 16:17:21
          no, he robbed bondholders - FootballRefugee MU - 4/13 15:38:38
               labor is as important as capital - Gadfly MU - 4/13 15:40:51
                    No, its not. If it was laborers would be zillionairs - Coors4bob MU - 4/13 18:06:10
                         that depends on how you structure the economy with the law - Gadfly MU - 4/13 18:57:54
                              The free market does not value it that way - Coors4bob MU - 4/14 13:07:06
          Obama postponed the autos industry's demise - Coors4bob MU - 4/13 15:34:49
               all such business enterprises are in constant entropy - Gadfly MU - 4/13 15:36:15
                    news flash... tech company goes out of business - Coors4bob MU - 4/13 15:38:19
                         your libertarian austrian school creative destruction - Gadfly MU - 4/13 15:39:05
                              You really hate Wall Street, right? - ummmm MU - 4/13 15:50:44
                                   no, I think they should stick to Investment Banking - Gadfly MU - 4/13 15:57:04
                                        But a bail out is one big fat regulation - ummmm MU - 4/13 15:58:27
                                             no it is nothing like Glass Steagall - Gadfly MU - 4/13 15:59:28
          At the cost of other profitable companies and other jobs - ummmm MU - 4/13 15:31:33
               it would have gone to Asia and Europe - Gadfly MU - 4/13 15:34:06
                    He saved the union contracts - ummmm MU - 4/13 15:37:14
                         the asians were bailed out by their governments - Gadfly MU - 4/13 15:37:58
          Mittens would have put 1 million auto workers out of work... - Bluestrike KC - 4/13 15:30:40
               You are so stupid it's laughable. How would GM filing... - Lerxst MU - 4/13 15:51:27
               How many businesses failed, didn't get started, etc - ummmm MU - 4/13 15:40:33
               fine by me,, if demand for cars isn't there... - CalicoTiger MU - 4/13 15:40:13
          No he didn't. You can't be that dumb. nm - Lerxst MU - 4/13 15:30:07
               he saved both Ford and GM - Gadfly MU - 4/13 15:33:35
     Prove it... - Bluestrike KC - 4/13 15:22:59
          RE: Prove it... - Alferd Packer MU - 4/13 15:34:37
               Ok, I'll read that after the game, AP... nm - Bluestrike KC - 4/13 15:44:06
     Rhayworth to dead and dying: GFY - JG MU - 4/13 15:19:10
          Actually, JG, if I was going to say GFY to anyone, it's U. - RHAYWORTH MU - 4/13 15:48:01
               LOL how Christian of you - JG MU - 4/13 15:54:30
          If roads weren't "free" in the first place - ummmm MU - 4/13 15:23:46
               Actually we do - JG MU - 4/13 15:25:00
                    It's interesting that they even had the power to do so - ummmm MU - 4/13 15:26:16
                         Not as much profit margin in trolleys - JG MU - 4/13 15:38:11
     The road to tyranny is paved with good intentions - ummmm MU - 4/13 15:14:31
     You're so stupid. - Toger MU - 4/13 15:11:21
          LOL. So, higher new car cost means nothing to used car? - RHAYWORTH MU - 4/13 15:54:38
               So you just can't figure out math? - Toger MU - 4/13 16:03:49
          But these new cars will never become used cars - ummmm MU - 4/13 15:15:38
               They'll become space cars. - Toger MU - 4/13 15:18:21
                    RE: They'll become Solar cars made of recycled plastic - Coors4bob MU - 4/13 15:29:22




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