And here we have it....

[Guest]

This appears to be where his mind is...no surprises I guess...


"PUEBLO, Colo. – President Obama, while villifying Mitt Romney for opposing the auto industry bailout, bragged about the success of his decision to provide government assistance and said he now wants to see every manufacturing industry come roaring back.

“I said, I believe in American workers, I believe in this this American industry, and now the American auto industry has come roaring back,” he said. “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry."

Obama: Let's repeat auto industry success with every manufacturing industry - POLITICO.com (http://www.politico.com/politico44/2012/08/obama-lets-repeat-auto-rescue-with-every-manufacturing-131566.html)

He just does not believe in the free enterprise system that has served this country well !

[Guest]

WOW.....when he finally does all industries it is going to be complicated..

"The new General Motors Co. could be undone by a lawsuit that pits general creditors against hedge funds including Elliott Management Corp. and Fortress Investment Group LLC over $3 billion, the car company said in a lawsuit that went to trial today."

Read more: Lawsuit Could Undo Sale That Created New GM, Company Says - SFGate (http://www.sfgate.com/business/bloomberg/article/Lawsuit-Could-Undo-Sale-That-Created-New-GM-3769895.php#ixzz236MEAwCa)


BUT check this out and remember we may, as taxpayers, own a lot more companies like we own GM....

[B]"If you've only been paying casual attention to the problems General Motors is wrestling with at Opel, this might make you sit up and pay attention.

Writing in Forbes, Joann Muller says the loans GM has made to Opel have actually come from taxpayer dollars. That means American money essentially is keeping a German carmaker afloat — something the German government refused to do."

Why American Taxpayers Are Paying For The Big Mess In Europe (http://jalopnik.com/5931792/why-american-taxpayers-are-paying-for-the-big-mess-in-europe)

I thought free enterprise was simpler than all of this\

PS....We, you and I as taxpayers, gave out $50 billion. The GM stock price in 2009 was $33 per share, the price that we taxpayers paid. Today the price is $20.65 So, in terms of stock price alone, we taxpayers are out $6.57 billion. The US Treasury says it has no plans to sell GM stock at a loss. Now he wants to do this with all industry

[Guest]

obama has also repeatedly said that we know best how to spend our money - so i want to know why he keeps taking mine and giving it to someone else or some other entity to spend. :(

[Guest]

this must be his new message replacing hope and change.

Obama paid bail out money to GM and Chrysler.....he gets no credit for "saving the US auto industry".

The statement is as credible as the small business gaffe..."you didn't do that".

Those who think he has delivered on his hope and change pied piper song will vote for him as well as the die hard, he is our guy no matter what!!!

btk

[Guest]

WOW.....when he finally does all industries it is going to be complicated..

"The new General Motors Co. could be undone by a lawsuit that pits general creditors against hedge funds including Elliott Management Corp. and Fortress Investment Group LLC over $3 billion, the car company said in a lawsuit that went to trial today."

Read more: Lawsuit Could Undo Sale That Created New GM, Company Says - SFGate (http://www.sfgate.com/business/bloomberg/article/Lawsuit-Could-Undo-Sale-That-Created-New-GM-3769895.php#ixzz236MEAwCa)


BUT check this out and remember we may, as taxpayers, own a lot more companies like we own GM....

[B]"If you've only been paying casual attention to the problems General Motors is wrestling with at Opel, this might make you sit up and pay attention.

Writing in Forbes, Joann Muller says the loans GM has made to Opel have actually come from taxpayer dollars. That means American money essentially is keeping a German carmaker afloat — something the German government refused to do."

Why American Taxpayers Are Paying For The Big Mess In Europe (http://jalopnik.com/5931792/why-american-taxpayers-are-paying-for-the-big-mess-in-europe)

I thought free enterprise was simpler than all of this\

PS....We, you and I as taxpayers, gave out $50 billion. The GM stock price in 2009 was $33 per share, the price that we taxpayers paid. Today the price is $20.65 So, in terms of stock price alone, we taxpayers are out $6.57 billion. The US Treasury says it has no plans to sell GM stock at a loss. Now he wants to do this with all industry

so GM shouldn't have been saved, all those people should have lost their jobs, another american industry should collapse.....are you sure you weren't Mitt's partner at Bain? maxing out loans, pocketing the money, then leaving a bankrupt company behind? his advice was let them go bankrupt, yes that was what he said because that, evidently, is his plan for America -- let it go bankrupt!

[Guest]

LOL - listen to the Cons whinning ...........

Willard must be falling even farther down in the polls ................

[Guest]

Even a Fox Noise poll has Mitt way behind. :icon_wink:

[Guest]

so GM shouldn't have been saved, all those people should have lost their jobs, another american industry should collapse.....are you sure you weren't Mitt's partner at Bain? maxing out loans, pocketing the money, then leaving a bankrupt company behind? his advice was let them go bankrupt, yes that was what he said because that, evidently, is his plan for America -- let it go bankrupt!

OBVIOUSLY, you are not aware of some facts, chiefly that had they been allowed to go bankrupt, the chaos you describe would not happen. They would have been restructered as companies do all the time, BUT it would not have cost you and me millions of dollars AND the union would not have such tight control as they move on.

The stuff you are spreading is common knowledge thus I am wondering your sources of inormation.

The debate was always about bankruptcy or bailout....in neither case were "all those people should have lost their jobs, another american industry should collapse." THAT scenario that you paint with absolutely no validity is the constant shrill cry of the left on this issue.

The debate was bankruptcy, which many many large companies have gone through or Federal government getting involved...the debate was simply that..nothing more and you can attempt to make it something it is not, but will not change FACTS. You are now, as a taxpayer, losing a lot of money each year on the stock you bought at inflated prices and are never going to get it back.

This nothing but a study in do we want the Federal government to own these mismanaged companies, or allow them to use the laws that have been in place for a long time to restructure and get right !!!

PLEASE at lease deal with facts


PS....does it not bother those who say things like this that they are not aware of the different solutions that were available. That the difference in those solutions was whether the Federal Government got involved and made it easy for the unions, OR allow GM to do what so many others have done with bankruptcy ? Does it not bother anyone that a lot of people have these INCORRECT assumptions in their mind and instead of looking at options, immediately fly off a post mentioning Bain ? I suppose not...but it does make Obama a great campaigner....not truthful, but a great campaigner...he has convinced people of things that are simply made up. Are polls and winning the most important thing ? Is an honest dialogue of issues not something people should aspire to ?