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What happened to all of the doom and gloom economic threads?
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mercury14
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Bankruptcy restructuring would have only been possible with a massive outside investment the size of which has never been seen. But the fact is nobody was willing to loan GM a cent.
garbage can
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Luke, I voted for Santorum in our State primary.
However, my main man/woman is not running.
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garbage can
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Merc, I'll try not to mention this again.
BTW.....Kasich is my main man in Ohio................
busybody..
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mercury14
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You realize your $30 billion price tag isn't the real price though, right? Why aren't you factoring in these things?
- You have to consider that there are hundreds of millions more people paying taxes, so there's a return on the investment in the form of a lot more revenue.
- You have to consider the fact that we avoided a whole lot of taxpayer liability for unemployment benefits, medicaid, housing assistance, etc.
- You have to consider that the foreclosure crisis would have been substantially worse, especially in certain regions of the country.
- You have to consider that there are hundreds of millions more people paying taxes, so there's a return on the investment in the form of a lot more revenue.
- You have to consider the fact that we avoided a whole lot of taxpayer liability for unemployment benefits, medicaid, housing assistance, etc.
- You have to consider that the foreclosure crisis would have been substantially worse, especially in certain regions of the country.
mercury14
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What's wrong with you? I'm not disagreeing with you that GM stock needs to put on $25 for the Treasury to break even. Stop trying to argue with me on positions I'm not taking.
mercury14
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Merc, I'll try not to mention this again.
BTW.....Kasich is my main man in Ohio................
Kasich... And his 36% approval rating... Who just had his anti-union law choke-slammed by his own red state constituents. How's that Kasich thing working out?
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richard_daily
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He's arguing with the voices in his head.
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And I thought it was an anomaly watching Vette be in denial about KK.
mercury14
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You didn't read the CBO report, just the Fox Nation spin. So let me educate you on what the report says.
- We had a really bad recession that cost us millions of jobs, and now we're in a recovery and adding jobs at an increasing rate.
- About 7% of workers wish they had a full time position instead of a part-time one. Whoopde shit - outside of a recession this figure is probably like 4%-5%.
- Included in that 7% are workers who have multiple part time jobs. They count as completely unemployed.
- Cutting corporate income tax will not lead to hiring.
- Relaxing environmental regulations will not lead to hiring.
- Easing back on Wall Street regulations will not lead to hiring.
- Cutting corporate income repatriation taxes will not lead to hiring.
This report absolutely destroys the Republican position on the economy. I really don't think you thought this through Vette.
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RightField
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Of course, it would destroy the republican position if it had any credibility and was accurate in any way...similar to these assurances that Obama and team gave us:
1) Pass the Stimulus and unemployment won't exceed 8%
2) I promise, Solyndra IS a good investment of taxpayer dollars
3) If you like your current healthcare program you can keep it, no change, no cost increase.
4) Bush passing the Patriot act is an impeachable offense (but renewing it isn't)
5) A moratorium on drilling for oil won't raise gas prices at the pump.
6) Raising taxes won't slow economic activity at all, in fact it will help it grow
Yeah, we've heard this all before. lol...Democrat assurances that what they're doing to our nation won't be bad for us....no...
Your post is pretty funny...really. lol.
1) Pass the Stimulus and unemployment won't exceed 8%
2) I promise, Solyndra IS a good investment of taxpayer dollars
3) If you like your current healthcare program you can keep it, no change, no cost increase.
4) Bush passing the Patriot act is an impeachable offense (but renewing it isn't)
5) A moratorium on drilling for oil won't raise gas prices at the pump.
6) Raising taxes won't slow economic activity at all, in fact it will help it grow
Yeah, we've heard this all before. lol...Democrat assurances that what they're doing to our nation won't be bad for us....no...
- Of course regulations aren't strangling American enterprise.
- We can tax companies all we want and it won't negatively effect business.
- Business doesn't create jobs, Goberment does!
Your post is pretty funny...really. lol.
You didn't read the CBO report, just the Fox Nation spin. So let me educate you on what the report says.
- We had a really bad recession that cost us millions of jobs, and now we're in a recovery and adding jobs at an increasing rate.
- About 7% of workers wish they had a full time position instead of a part-time one. Whoopde shit - outside of a recession this figure is probably like 4%-5%.
- Included in that 7% are workers who have multiple part time jobs. They count as completely unemployed.
- Cutting corporate income tax will not lead to hiring.
- Relaxing environmental regulations will not lead to hiring.
- Easing back on Wall Street regulations will not lead to hiring.
- Cutting corporate income repatriation taxes will not lead to hiring.
This report absolutely destroys the Republican position on the economy. I really don't think you thought this through Vette.
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mercury14
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Of course, it would destroy the republican position if it had any credibility and was accurate in in ways better than:
1) Pass the Stimulus and unemployment won't exceed 8%
2) I promise, Solyndra IS a good investment of taxpayer dollars
3) If you like your current healthcare program you can keep it, no change, no cost increase.
4) Passing the Patriot act is an impeachable offense (but renewing it isn't)
Yeah, we've heard this all before.
- Of course regulations aren't strangling American enterprise.
- We can tax companies all we want and it won't negatively effect business.
- Business doesn't create jobs, Goberment does!
The report says nothing like this. You're just making shit up again.
RightField
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Yeah...it seems that critical thinking, logic and abstraction are not in your clerk's manual.
mercury14
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You are NOT talking about critical thinking. Everything you link from the Thinker and WND is propaganda and lies intended to win an election rather than to inform... but you already knew that. The folks who do actual analysis do not agree with any of your positions.
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richard_daily
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I love that you can tell when a wingnut is getting spoonfed... You can just do a search for Solyndra, and find the usual suspects.
RightField
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yeah, those smart people disagree with me...the ones who believe with all their heart that the democrat way is the only way forward for our country...they smile at the camera and say...
- Raising taxes won't slow economic activity, in fact, it will help the economy grow!
- A moratorium on drilling for gas won't adversely effect the price of gas at the pump...not at all.
- Increasing taxes and regulations on American businesses won't decrease their competitive position and almost force them to move jobs and money overseas...there's no relation at all between the two!
Dem is good xperts I says!
RightField
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Yes, of course all the smart ones that Merc must be referring to know that Solyndra just needs a little more time and it will show itself to be a great "investment." I can't imagine why any of those right wingers would even bring the topic up...nothing to see here folks, just move along.
mercury14
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You're lying again. The Congressional Budget Office is nonpartisan. Just because Democrats refer to their analysis does not mean the CBO supports Democratic policy.
You're irrational to the core.
Stop with cowardly straw man bullshit. Nobody believes those things.
mercury14
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Solyndra was a bad investment. And it represents all of .0006% of the overall stimulus. The fact that a stimulus package of this magnitude doesn't have a dozen Solyndras is the only mildly surprising thing here.
Your perspective is terrible.
richard_daily
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Can you point to any historical proof that raising taxes slows economic growth? It didn't under Reagan, it didn't under any other modern president.
Also, while you're at it, please show me one single instance of a country EVER budget cutting their way out of a recession.
SuprSalor
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The Moratorium is over and drilling in the Gulf of Mexico is at an all time high. And gas prices continue to climb.
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