What happened to all of the doom and gloom economic threads?

[phrodeau]

don't drug up now, dick. seanr needs your help for a his latest love story, about you and merc

Why don't you write one? I enjoy laughing at your English skills.

 

[richard_daily]

Why don't you write one? I enjoy laughing at your English skills.

That gibberish is English?

 

[NeverEndingMe]

That gibberish is English?

looks like phrodeau is trying to hone in on your man, SeanR

 

[Sean Renaud]

That gibberish is English?

It might be a dialect of Simlish.

 

[busybody..]

http://moonbattery.com/budget-in-english.gif

 

[richard_daily]

^^^^
Doesn't understand national debt, and having it "simplified" for him, isn't helping.

 

[richard_daily]

It might be a dialect of Simlish.

I kind of thought it might be Esperanto.

 

[IrezumiKiss]

I kind of thought it might be Esperanto.

More like Desperanto.

 

[coastal-boy]

In a world market, something like a US stock market is affected by world events. Wonder what the Asian Market closed at? Why would that matter? I'll wait...

Conveniently ignoring the question? Dazzle me bear with your knowledge.

Feel lucky, I usually ignore you totally, pereg/merc.

Since you didn't want to answer I will tell you...The Asian Market closed higher that same day. Because of the way our time zones are set up, that makes the Asian market a decent predictor of what will happen to the US market in response to world events. So today, what has happened to the US market? Oh my...look at that...everything lost yesterday is back. Amazing.

Why does it not surprise me that all the republicans here want to talk about is cock instead of the recovery that is rolling full force in their face? By the way, what was the new unemployment figures released today? Lowest since when? Even lower than the end of GW's term?

 

[NeverEndingMe]

I kind of thought it might be Esperanto.

is that the language you use when talking about your man love?

 

[NeverEndingMe]

More like Desperanto.

any luck finding a job? oh wait, have you even started to look? course not, you have obama money benefits

 

[koalabear]

Since you didn't want to answer I will tell you...The Asian Market closed higher that same day. Because of the way our time zones are set up, that makes the Asian market a decent predictor of what will happen to the US market in response to world events. So today, what has happened to the US market? Oh my...look at that...everything lost yesterday is back. Amazing.

Why does it not surprise me that all the republicans here want to talk about is cock instead of the recovery that is rolling full force in their face? By the way, what was the new unemployment figures released today? Lowest since when? Even lower than the end of GW's term?

You'll have to wait for the revisions on the unemployment figures. But you say that since only 348,000 lost their jobs, that's good news.

"The number of Americans seeking first-time unemployment benefits fell 13,000 to 348,000 in the week ended Feb. 11 from a revised 361,000 the previous week, according to a Labor Department report".

 

[mercury14]

Since you didn't want to answer I will tell you...The Asian Market closed higher that same day. Because of the way our time zones are set up, that makes the Asian market a decent predictor of what will happen to the US market in response to world events. So today, what has happened to the US market? Oh my...look at that...everything lost yesterday is back. Amazing.

Why does it not surprise me that all the republicans here want to talk about is cock instead of the recovery that is rolling full force in their face? By the way, what was the new unemployment figures released today? Lowest since when? Even lower than the end of GW's term?

GM posted a record $7.6 billion dollar profit, the highest profit in the history of the company. Michigan's economy is surging so much that they have a $476 million dollar surplus right now.

Republicans still say the bailout will not work.

 

[mercury14]

- The Dow is at its highest point since May of 2008.

- The NASDAQ is at it's highest point since December of 2000.

- Initial unemployment claims are at a four-year low.

- Consumer and producer price indexes were better than expected and remain very healthy.


But there's no recovery going on here, right? Contraception is the real news that we should focus on, eh? And Amish milk?

 

[garbage can]

- The Dow is at its highest point since May of 2008.

- The NASDAQ is at it's highest point since December of 2000.

- Initial unemployment claims are at a four-year low.

- Consumer and producer price indexes were better than expected and remain very healthy.


But there's no recovery going on here, right? Contraception is the real news that we should focus on, eh? And Amish milk?

Merc. you're doing a great job on convincing yourself that Obama is your main man in '12.

 

[Disgustipated]

Merc. you're doing a great job on convincing yourself that Obama is your main man in '12.

Who is your man in 2012?

 

[mercury14]

Merc. you're doing a great job on convincing yourself that Obama is your main man in '12.

Yeah I'm voting for him. He's my "main man" and Romney/Santorum are not. And I vote in the key swing state of Ohio.

You know I agree with most of Obama's policies and disagree with conservative ones... So why do you think I had to convince myself?

 

[mercury14]

Who is your man in 2012?

They're all too cowardly to get behind a candidate. Or they realize that none of their candidates are worth supporting, not sure which.

Except Miles who endorsed Bachmann, then Cain, then Newt. Every candidate he touches turns to coal.

 

[richard_daily]

More like Desperanto.

Ok, that was funny.

 

[koalabear]

GM posted a record $7.6 billion dollar profit, the highest profit in the history of the company. Michigan's economy is surging so much that they have a $476 million dollar surplus right now.

Republicans still say the bailout will not work.

Yet GM hasn't paid back the taxpayers, MORON.

 

[unregistered]

 

[mercury14]

They'll probably never get their money back. Shares have to hit $53 bucks a share for that to happen.

GM has repaid the taxpayers for their loan. Ahead of time in fact. As far as the stock goes, GM is not responsible for what the US does with its stock.

I don't care if it's not free, it accounted for hundreds of thousands of jobs at a time when the economy was in dire need to job stability. America is much better off for it.

 

[koalabear]

GM has repaid the taxpayers for their loan. Ahead of time in fact. As far as the stock goes, GM is not responsible for what the US does with its stock.

I don't care if it's not free, it accounted for hundreds of thousands of jobs at a time when the economy was in dire need to job stability. America is much better off for it.

You are truly a MORON and just keep proving it. The Government still owns 25.6% of GM.

 

[unregistered]

 

[mercury14]

Why are you such an ill informed dunce?

JANUARY 30, 2012 AT 7:42 PM

Treasury ups auto bailout loss estimate
BY DAVID SHEPARDSON DETROIT NEWS WASHINGTON BUREAU 138 COMMENTS
Washington -The U.S. Treasury Department boosted its estimate of government losses in the $85 billion auto bailout by $170 million.

In the government's latest report to Congress this month, the Treasury upped its estimate to $23.77 billion, up from $23.6 billion.

Last fall, the government dramatically boosted its forecast of losses on the rescues of General Motors Co., Chrysler Group LLC and their finance units from $14 billion to $23.6 billion.

Much of the increase in losses is due to the sharp decline of GM's stock price over the last six months.

GM closed Monday at $24.23, down 0.6 percent. It's down 35 percent over its 52-week-high of $37.23, but the Detroit automaker has rebounded from a low set last year of $19.05. The government's most recent cost estimate is based on GM's closing price of $21.29 as of Nov. 30.

"The auto industry rescue helped save one million jobs and is still projected to cost dramatically less than many had expected during the crisis," said Matthew Anderson, a Treasury spokesman.

The Treasury, which initially held a 61 percent majority stake in GM, now holds a 26.5 percent share, or 500 million shares in GM. To break even, the government would need to average $53 per share for its remaining stake.

At current prices, the government would lose more than $14 billion on its GM bailout.

The sharp decline in GM's stock price has put the government's sale of its remaining shares on hold.

The government booked a $1.3 billion loss on its $12.5 billion bailout of Chrysler.

As part of its $17.2 billion bailout, the Treasury still holds a 74 percent majority stake in Ally Financial Inc., the Detroit-based auto lender and bank holding company. Ally, formerly known as GMAC, put its IPO on hold indefinitely last year because of market weakness.

The government initially estimated it would lose $44 billion on its auto bailout in 2009, before reducing it to $30 billion in December 2009.

I was already aware of all of this and there's nothing here I'm disputing. You seem confused.

Think of it this way, $30 billion dollars for several hundred thousand jobs, the benefit of not having a regional Depression, and the avoidance of a domino effect on the economy (exploding welfare rolls, decreased consumer with fewer jobs in the economy, losing heaps of contractor/subcontractor jobs, etc). That's an amazing bang for our buck.

And your article says it was a mere $1.3 billion to bail out Chrysler? I had no idea it was so cheap.