WOOHOO!! Gov Perry kicks ass!!

[TexanAtPlay]

Originally Posted by oshins

Exactly my point. Which brings us back to the original article. Is what they posted true?

My favorite is the lighted billboard at 1604 and 10 that spews tea-bag BS. Lots of quotes of Thomas Jefferson about fiscal responsibility. What most people don't (care to) know is that he was always in debt (personal), and buried the US in debt during his presidency. It's like pointing at the Titanic as a model for shipbuilding. The other side of that coin is that the debt he incurred bought the Louisiana Purchase... Sometimes it's worth it to spend the money.

Come on dude....facts when you make accusations! I may spew "tea-bag BS" but just like Sarah Palin referring to Paul Revere's ride, at LEAST I have my FACTS correct.

http://www.usgovernmentspending.com/...olor=c&local=s

The "debt" went DOWN during Jefferson's presidency. It was converted debt left over from the Revolutionary War which the new Congress had converted, and of course there was that matter of Muslim pirates we had to deal with as well.

Jefferson's personal debt was HIS business, but it was that famous home of his and his efforts to create a classical environment. He was a big spender on wines, paintings, and European good. Unlike some entities....he didn't get a "bailout"!

[Rodram]

A few facts about the "bailout" from Bloomberg Business:

So far, it is tough to argue that the bailout hasn’t worked. GM is in the black, having reported an $865 million profit in the first quarter with black ink looking likely for the rest of the year. GM’s results are strong enough that the company is preparing for an initial public offering that should start selling stock in November. Chrysler is at least making an operating profit, which puts the company in much better shape than most analysts thought it would be a year ago. With much lower costs, both companies should be able to make money going forward. Let’s not forget that GM, Chrysler and cross-town rival Ford cut out 2.9 million cars worth of production capacity during the crisis, according to the Center for Automotive Research. That was a quarter of capacity in the U.S., Canada, and Mexico. Cutting out the fat has allowed them to post profits even though sales are slow.

The real test will be if the government breaks even on its investment, or at least comes close. Obama Administration officials say they are hopeful that the taxpayers will be paid back in full. GM got $49.5 billion from the feds and Chrysler took $10.8 billion. For the government to break even on GM, the company must be worth at least $66 billion, and even more if the bondholders and United Auto Workers union exercise warrants and dilute the government’s investment. But nearly breaking even would still be an accomplishment. Here’s what I mean: Based on where GM’s bonds trade, the company is worth about $53 billion right now. That would be an 80% pay back on the government’s investment if GM’s stock were so valued. Stock in GM will be more liquid than its current bonds, so it should be worth even more, analysts say. But for the sake of argument, assume an 80% recovery on the $60.3 billion direct investment in GM and Chrysler. That would leave $12 billion unpaid. Would that be a reasonable price to save two industrial icons and hundreds of thousands of jobs? I would have taken that deal in the depths of the financial crisis, and I wager that most critics would have, too.

[oshins]

My mistake. You are right the debt did go down in the second term. My main point was that sometimes spending money is the right choice, i.e. the 15 million for Louisiana Purchase. His personal debt, was HIS... and his family's. They were forced to sell Monticello after he died to pay his enormous debts. Sounds kind of like mortgaging your future, doesn't it? It was his reputation that allowed him to keep borrowing.

Palin and facts in the same sentence!?!?! And it's not a joke? Awesome! As far as I am concerned Tea-baggers, and Michael Moore are about the same. Full of shit and only interested in what is good for themselves. The Tea-Party likes to call themselves patriots... I don't understand that one. I can call myself a bulldog, doesn't make me one. I can fund a marketing blitz and get a bunch of people to think I am... still not a bulldog. God Bless America, and no one else. We have become the land of the free and the home of righteous indignation.

As I have said before. Both sides can kiss my ass. Some taxes are necessary. Government bloat should be eliminated.

So now they are Muslim pirates... All this time history has referred to them as Barbary Pirates.

Still no one answers the initial question. Are the posts about Gov. Perry true? A lot of hostility, but no actual answers.

And as far as the 'bailout' goes. Which president necessitated and began implementation of said 'bailout'?