Thread: CPAC Straw Poll
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Old 03-08-2015, 07:04 AM
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Dear Guest: Perhaps you need to take a another look the bailout of GM penalized taxpayers, ignored creditors rights unlawfully handed over a good portion of ownership to the union and only temporarily halted the bad financial situation with GM. In fact the entire bailout of the country by Obama was wasted because it was siphoned off by his greedy friends who produced nothing .

As for the stock market the only winners are the extremely rich investors and the only reason the market was doing well was because of the Fed's policy of QE and )% interest rates. The commercial investors have been on a sugar high now addicted and facing the fact that the Fed can't continue to hold back interest rates. Worse yet if you an individual that relies on CD's money market account savings accounts it has actually cost you to have banks hold your money. Retirees who relied on interest bearing accounts have lost big time. Do yourself a favor when any agency etc produces a glowing report review it with skepticism . The economy is set to take off only if the government get the heck out of the way and stops picking winners and losers such as GM and green industries that continue to fail

Personal Best Regards:
Most of the people I associate with in the The Villages are very happy with their portfolio and are not commercial investors nor very rich. It has managed to provide them a very happy and comfortable lifestyle here. Fortunately, their returns are based on record profits of private industry who have also done very well. Interest bearing accounts have always losing investment since the bank is taking that money to invest what that account holder should have invested in the first place. Therefore, the bank wins and you lose.

Ask the good people who work in the auto industry who sold a record amount of vehicles if the bailout was wasted on GM and Chrysler. I believe they are very with their jobs and bonuses they received. Also, the bailout was a win-win for those companies, the people who worked there and the American Taxpayer to a total of more the $53 billion in profit! Nice investment for America!

see http://projects.propublica.org/bailout/