The Cost of the GM Bailout on the Average Taxpayer

[Riot]

What is the cost to the economy of 1.2 million people on unemployment insurance? Foreclosed houses? Lost local income (groceries, etc.) Lost manufacturing ancillary firms? Ford having to close, too, because all their supply manufacturers closed, unable to keep open for just one auto firm.

Duh.

[dellinger63]

Originally Posted by Riot

What is the cost to the economy of 1.2 million people on unemployment insurance? Foreclosed houses? Lost local income (groceries, etc.) Lost manufacturing ancillary firms? Ford having to close, too, because all their supply manufacturers closed, unable to keep open for just one auto firm.

Duh.

Yea because instead of cars and trucks we'd be on horseback and in wagons without GM.

The entire universe would be sucked in by a black hole if GM were to go under. Flying Unicorns with missile-guided lasers shooting from their horns will attack America if GE is required to pay taxes.

[Riot]

Originally Posted by dellinger63

Yea because instead of cars and trucks we'd be on horseback and in wagons without GM.

You have no answer to the cost to the nation of 1.2 million on unemployment insurance, etc. Just ignoring that? Got it

Keep beating the "bailout sucked" drum with your friend Mittens, and be sure to drive American. Your drum is getting pretty faint, however. BTW, ask Mittens why the government had to bail out, why private firms would not provide capital for managed bankruptcy and declined financial involvement - you know, like Bain Capital turned down involvement when it was specifically asked.

The rest of us will enjoy the success and the win for Detroit. Unemployment of 1.2 million Americans prevented, a thriving manufacturing industry saved. Yeah. That's a good thing to most.

[dellinger63]

Originally Posted by Riot

Keep beating the "bailout sucked" drum with your friend Mittens, and be sure to drive American. Your drum is getting pretty faint, however. BTW, ask Mittens why the government had to bail out, why private firms would not provide capital for managed bankruptcy and declined financial involvement - you know, like Bain Capital turned down involvement when it was specifically asked..

OK I'll take a wild guess. Maybe because they realized it was a $27 billion dollar loser? Same reason they didn't want anything to do with Solyndra?

Let me ask you something. How many employees of Lehman Bros and Art Andersen are still on unemployment?

[SOREHOOF]

Originally Posted by Riot

What is the cost to the economy of 1.2 million people on unemployment insurance? Foreclosed houses? Lost local income (groceries, etc.) Lost manufacturing ancillary firms? Ford having to close, too, because all their supply manufacturers closed, unable to keep open for just one auto firm.

Duh.

Pelosi and the Dems tell us that Unemployment Insurance is a big boost to the economy. Remember? Good thing G.E. bought lots of Chevy Volts!

[Riot]

Originally Posted by SOREHOOF

Pelosi and the Dems tell us that Unemployment Insurance is a big boost to the economy. Remember?

Pelosi and the Dems tell us that employment is an even better boost to the economy. And they put actions behind their words to prove it.

Oh - and it worked. Beautifully.

[SOREHOOF]

Originally Posted by Riot

Pelosi and the Dems tell us that employment is an even better boost to the economy. And they put actions behind their words to prove it.

Oh - and it worked. Beautifully.

By putting people out of work? I'm not sure what you mean. The Dems have been quite prolific in that respect.

[Riot]

Originally Posted by SOREHOOF

By putting people out of work? I'm not sure what you mean. The Dems have been quite prolific in that respect.

I mean the obvious subject of the thread. By keeping 1.2 million auto industry people in work.

Not quite sure what you mean by "the Dems are quite prolific in that respect" of putting people out of work, as unemployment has decreased, not increased, consistently and markedly since 2008. Do explain.

[SOREHOOF]

It hasn't decreased ,Riot, things are worse. The numbers are fudged. Everything costs more. Working people are feeling the pinch. Gas prices rising, raises the price of everything. I know more people losing their jobs than getting new ones.

[SOREHOOF]

Originally Posted by Riot

I mean the obvious subject of the thread. By keeping 1.2 million auto industry people in work.

Not quite sure what you mean by "the Dems are quite prolific in that respect" of putting people out of work, as unemployment has decreased, not increased, consistently and markedly since 2008. Do explain.

She's better with words. Huffington Post!
http://www.humanevents.com/article.php?id=49843

[Riot]

Originally Posted by SOREHOOF

She's better with words. Huffington Post!
http://www.humanevents.com/article.php?id=49843

Seriously?

Michelle Malkin?



You do realize that she's arguing for an effectively much bigger bailout?