Any "Saved" Jobs

Welcome to my thread.

WE got told that millions of jobs would have been lost if there was no bailout. But is that true? What happens when a company declares bankruptcy?
Well, the banks who loaned GM the money have to write off their debt and that's fair. They made a poor choice of who and how much to lend. The investors love their investment. Again, fair enough as they choose poorly where they would invest their wealth. Both groups of people are not what we would consider "poor."
And the assets of the company are sold off to the highest bidder as opposed to secretly given in a back room deal with like-minded "socialist." So what would the new owner of all of those factories and machines have done with them? Let them gather dust? Of course not. They would have hired employees to run them. Hopefully more efficiently than GM. There may have been some job losses in that restructuring, but it certainly would not have been the calamity for millions of poor workers as you were told. It would have been a loss for those people who could afford it. Banks and investors. Instead $50 billion was stolen from the US people.
So what is the sum total of all of this?

[video=youtube;8ZSiNvD6_bI]http://www.youtube.com/watch?v=8ZSiNvD6_bI&feature=player_detailpage[/video]

1. Government ownership over the means of production is a tenant of communism, and Obama has told us he wants to do that to all American industry.
2. The bailout succeeded in transferring billions of dollars to China from US tax payers, and
3. Obama explains to his supporters that he considers the GM bailout a great success.
Are there any other twists in this story to show how Obama, and his company, GM, support the ideology of Communism?

You cannot be sure that GM wouldn't have been dismantled and assets given to creditors.

And that 50 billion "stolen" (why does the right insist always in using such inflamatory and untrue language?)?


http://www.dailyfinance.com/2010/04/21/general-motors-repays-bailout-loans-early/

It worked out pretty well for Obama and a million or so workers, much as you resent that fact.

canndo said:

You cannot be sure that GM wouldn't have been dismantled and assets given to creditors.

And that 50 billion "stolen" (why does the right insist always in using such inflamatory and untrue language?)?


http://www.dailyfinance.com/2010/04/21/general-motors-repays-bailout-loans-early/

It worked out pretty well for Obama and a million or so workers, much as you resent that fact.

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$50 billion for GM, but you fail to disclose where ALL the money is going, who has to pay it back, and where are we borrowing the money from. Its not cool for Obama to "save" thousands(not millions) of jobs, and then get to do whatever he wants with the rest.

FreedomWorks said:

$50 billion for GM, but you fail to disclose where ALL the money is going, who has to pay it back, and where are we borrowing the money from. Its not cool for Obama to "save" thousands(not millions) of jobs, and then get to do whatever he wants with the rest.

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Unless I am wrong here - GM "has to pay it back? It matters not where we borrowed if from, if it is paid back. You claim that the 50 billion was "stolen" from the American people in order to bail out GM, well, stolen or not, the money was paid back so what is your point?

1 cup dried chickpeas
1/2 large onion, roughly chopped (about 1 cup)
2 tablespoons finely chopped fresh parsley
2 tablespoons finely chopped fresh cilantro
1 teaspoon salt
1/2-1 teaspoon dried hot red pepper
4 cloves of garlic
1 teaspoon cumin
1 teaspoon baking powder
4-6 tablespoons flour
Soybean or vegetable oil for frying
Chopped tomato for garnish
Diced onion for garnish
Diced green bell pepper for garnish
Tahina sauce
Pita bread

1. Put the chickpeas in a large bowl and add enough cold water to cover them by at least 2 inches. Let soak overnight, then drain. Or use canned chickpeas, drained.
2. Place the drained, uncooked chickpeas and the onions in the bowl of a food processor fitted with a steel blade. Add the parsley, cilantro, salt, hot pepper, garlic, and cumin. Process until blended but not pureed.
3. Sprinkle in the baking powder and 4 tablespoons of the flour, and pulse. You want to add enough bulgur or flour so that the dough forms a small ball and no longer sticks to your hands. Turn into a bowl and refrigerate, covered, for several hours.
4. Form the chickpea mixture into balls about the size of walnuts, or use a falafel scoop, available in Middle-Eastern markets.
5. Heat 3 inches of oil to 375 degrees in a deep pot or wok and fry 1 ball to test. If it falls apart, add a little flour. Then fry about 6 balls at once for a few minutes on each side, or until golden brown. Drain on paper towels. Stuff half a pita with falafel balls, chopped tomatoes, onion, green pepper, and pickled turnips. Drizzle with tahina thinned with water.


Read More http://www.epicurious.com/recipes/food/views/My-Favorite-Falafel-231755#ixzz291J712kq

Read More http://www.epicurious.com/recipes/food/views/My-Favorite-Falafel-231755#ixzz291J0aP8C

canndo said:

Unless I am wrong here - GM "has to pay it back? It matters not where we borrowed if from, if it is paid back. You claim that the 50 billion was "stolen" from the American people in order to bail out GM, well, stolen or not, the money was paid back so what is your point?

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The money wasn't paid back. 60 million was paid from an escrow account, funded with tax payer money. So they borrowed more money to pay what little they did pay. Since they "borrowed" the money from the taxpayer to pay the taxpayer, this is just smoke and mirrors.

7 out of 10 vehicles produced by GM are not produced in the USA

Red1966 said:

7 out of 10 vehicles produced by GM are not produced in the USA

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yeah but where are they sold red?