General Motors

[Anita18]

There was a Rep from California who asked, by show of hands, if they would be willing to sell their corporate jets if they got the bailout....no one raised their hands

I so much at the snark yesterday. It was glorious.

Those ceo's ate it hard for using they're private jets to fly to that hearing and deservingly so.

Now, if the flight staff already had a yearly salary, it'd be like, "Why not?" It wasn't like they booked everybody for $20,000 JUST for the flight to DC. But I guess that point is now moot if they let go of their flight staff.

But of course, anyone with half a brain could have seen the backlash coming.

 

[dnno1]

DeLorean isnt a great example to use considering the owner got caught trafficking cocaine in the cars right as he was filing for bankruptcy. Even though he was acquitted because they said the government entrapped him into doing it, his reputation with the public went to hell. John DeLorean ruined DeLorean not Chapter 11.

Like I said before, DeLorean was the last time an automoble company went bankrupt. His company was going to go under anyway, which is why he got involved in the drug deal. He needed the money from it to keep his company afloat. I thought that I would share this clip of Columbia University Earth Institute Director, Professor Jeffery D. Sachs from the congressional hearings with the Big 3 this past week to counter those zealots who think that bankruptcy is the way to go:

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[Backdrifter]

Zealots? Lol.

 

[Paradyme]

So, let me get this right. The government wants to take even more of the taxpayers money and give it to companies who don't earn money unless the taxpayers purchase their products?

Is that about it? or am I missing something?

 

[Anita18]

So, let me get this right. The government wants to take even more of the taxpayers money and give it to companies who don't earn money unless the taxpayers purchase their products?

Is that about it? or am I missing something?

I love that train of thought.

 

[dnno1]

So, let me get this right. The government wants to take even more of the taxpayers money and give it to companies who don't earn money unless the taxpayers purchase their products?

Is that about it? or am I missing something?

No, you don't have that right. The government wants to give people a simuls package (give them money) so that they hopefully might buy something (like a car). With respect to the automobile manufacturers there is a reason for that as well. Just listen to what Representative, Barne Frank says at the 3:24 mark in this clip:

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We aid an industry only when it is necessary to do that to avoid much greater harm to the economy as a whole.

This is why they are doing it. If they didn't we would be in much worse shape. Furthermore the only people who would be getting taxed more (and it hasn't happened yet) are those making more than $250K/year. I am quite sure you are not in that category.

 

[BlackLantern]

I spent half my stimulus check this year on an escort.....

 

[dnno1]

I spent half my stimulus check this year on an escort.....

Was she pretty?t:

 

[Paradyme]

I love that train of thought.

Is it funny because it's stupid? or because it's the most literal breakdown of what's happening?t:

 

[Paradyme]

No, you don't have that right. The government wants to give people a simuls package (give them money) so that they hopefully might buy something (like a car). With respect to the automobile manufacturers there is a reason for that as well. Just listen to what Representative, Barne Frank says at the 3:24 mark in this clip:





This is why they are doing it. If they didn't we would be in much worse shape. Furthermore the only people who would be getting taxed more (and it hasn't happened yet) are those making more than $250K/year. I am quite sure you are not in that category.

I'm not going to listen to Barne Frank that man is a fool who takes no responsibility for the current circumstances.

Where exactly does the money come from to fund the stimulus packages for us?

 

[BlackLantern]

Was she pretty?t:

Yes....I had to make an appointment and everything....

 

[SuBe]

I'm not going to listen to Barne Frank that man is a fool who takes no responsibility for the current circumstances.

Where exactly does the money come from to fund the stimulus packages for us?

We are bankrupting this country. The best thing to do is start to apologize to our children and grandchildren now. They are the ones that will be hurting the most.

 

[Paradyme]

We are bankrupting this country. The best thing to do is start to apologize to our children and grandchildren now. They are the ones that will be hurting the most.

Exactly.

 

[deathfromabove]

I spent half my stimulus check this year on an escort.....

that is kinda sad...

 

[BlackLantern]

that is kinda sad...

Why?....because I'm not being a good little drone and funneling it back into consumer goods

 

[deathfromabove]

Why?....because I'm not being a good little drone and funneling it back into consumer goods

no because you have to pay for a date/sex...

 

[BlackLantern]

no because you have to pay for a date/sex...

That's my choice....I work a lot 50-60 hours a week....I've had some **** relationships and .....don't ****ing judge me

 

[dnno1]

Yes....I had to make an appointment and everything....

I hope it was worth it.

Spoiler

In fact, I hope she decided not to charge (that would mean you did your job).

 

[BlackLantern]

It was....I'm fairly frugal, as it comes to my finances, and it was nice to splurge a bit

 

[chaseter]

This is all part of the big oil scam that went on during late last year and then this summer. Vehicle manufacturers have been in the pocket of big oil for years...making fuel guzzling vehicles helps both out. As a result of the high price of oil after the obvious lie that we were running out, the economy began to slump and then the housing scandal hit and then corruption on wall street was discovered. I saw make them enter backruptcy and either pull themselves back out like the airlines did or just let them die off and give rise to new companies that will form in their wake.

 

[dnno1]

I'm not going to listen to Barne Frank that man is a fool who takes no responsibility for the current circumstances.

Where exactly does the money come from to fund the stimulus packages for us?

I think the fact that he was there at the congressional hearings and the fact that he wants to do something to help the economy is more than enough proof that he is responsible. Sitting there and not doing anything would have been not responsible. The current financial crisis happed because of bad loans that commercial and investment banks made to people who were not able to repay them. This pushed up housing prices and was further ratcheted up by speculators. All, of this took place over the past 10 years or more. Barney frank became Chairman of the Financial Services Committee since early last year. That's your choice if you don't want to listen to him, but I don't see how you could blame him for this. As for your last question about where the money will be coming from, I am sure you already know. A lot if it will be coming from foreign investment's as well as taxpayer dollars.

 

[dnno1]

no because you have to pay for a date/sex...

Isn't that customary for the man to pay when he has a date?

 

[dnno1]

This is all part of the big oil scam that went on during late last year and then this summer. Vehicle manufacturers have been in the pocket of big oil for years...making fuel guzzling vehicles helps both out. As a result of the high price of oil after the obvious lie that we were running out, the economy began to slump and then the housing scandal hit and then corruption on wall street was discovered. I saw make them enter backruptcy and either pull themselves back out like the airlines did or just let them die off and give rise to new companies that will form in their wake.

This is not the airlines where people will go back and fly with an air carrier after bankruptcy. This is the auto industry, where if a company there goes bankrupt, people will not buy their cars for fear of not being able to get spare parts or warranted service. In addition, if you watched the video clip, there are no financial markets for them to get capital during their bankruptcy period, so it would definitely mean the death of these companies. I think the better solution is to help them out until later next year when they are able to get loans and they should be able to take care of themselves after that.

 

[BlackLantern]

Isn't that customary for the man to pay when he has a date?

My uncle always said "you either pay for ****y or you finance it"

 

[deathfromabove]

Isn't that customary for the man to pay when he has a date?

i might pay for dinner but i do not pay for the company of woman.

to each there own...