Biden isn't taken his Presidency seriously.

[adav8s28]

Originally Posted by Austin Ellen

Jesus, Biden can't keep .......

Those comments are accurate. But Biden said on Kimmel’s show, three times, that the US economy is growing faster than that of any other country in “the world,” not just growing faster than six particular countries. And that’s inaccurate.

Splitting hairs a little Ellen? Your hero Trump predicted he would do 4,5,6% GDP growth once his Corporate Tax cut was implemented. Trump never came close to 4% GDP and sniffed 3% one time.

https://www.thebalance.com/u-s-gdp-growth-3306008

[texassapper]

Originally Posted by adav8s28

Splitting hairs a little Ellen? Your hero Trump predicted he would do 4,5,6% GDP growth once his Corporate Tax cut was implemented. Trump never came close to 4% GDP and sniffed 3% one time.

I'm Pretty sure most Americans would take whatever GDP figures were posted by Trump compared to the fcuktard regime that's taken power. But I guess we will know how America feels in November... I'm sure you'll be here to tell us why it doesn't have anything to do with how the Democrat Communists have fcuked things up.

[lustylad]

Originally Posted by adav8s28

Splitting hairs a little Ellen? Your hero Trump predicted...

Lying about the past or present is far worse than incorrectly predicting the future.

Only a morally obtuse partisan hack would fail to see that.

[WTF]

Originally Posted by lustylad

Lying about the past or present is far worse than incorrectly predicting the future.

Only a morally obtuse partisan hack would fail to see that.

You fail on all three counts...

[lustylad]

Originally Posted by nevergaveitathought

here's a reliable quote

The real loser in the General Motors deal is the legitimacy of the economic system in the United States. Although there were large profits to be made from the launch of the new GM IPO, a precedent has been set whereby a government administration can confiscate the ownership of a company, reorganize it, and pay off its political supporters. The former investors were betrayed by political decree, and once betrayed, the legitimacy of the system will never be the same.

Nice quote, what was the source?

Btw - I'm trying to decide who is more corrupt: 1) Obama for enriching the UAW (and future dim-retard campaign coffers) using taxpayer money, or 2) adav8 for deliberately and misleadingly editing your post #57 to spew a narrative we have already exposed as false many times in this forum.

What a slimy partisan weasel he is!

[ICU 812]

All-in-all, I think Biden outperformed MY expectations.

I really thought he would have had a genuine serious health issue and be replaced through the 25th Amendment by now.

Some will public sally remark on his cognitive ability. I too feel that he is in a decline there. However, I do wonder at what he is taking in the way of supportive medications. Sometimes he seems to be pretty lucid rfor someone pushing 80. At other times he seems incapable of speaking coherently. So what are "they" giving him?

[lustylad]

Originally Posted by ICU 812

I do wonder at what he is taking in the way of supportive medications... So what are "they" giving him?

[adav8s28]

Originally Posted by nevergaveitathought

in a normal bankruptcy,

if its an 11. there would be a workout and settlement with creditors and a gm would have arisen

in a chptr 7 the creditors would have owned the assets and a gm would have arisen

Pure speculation by you. Name a company the size of a GM that liquidated and became a new version of itself.

in obama's gm, he took out the shareholders..which ok maybe thats ok but not to give equity to the union

he also took out the creditors though who should have been protected

he used taxpayer money as a payoff for the union

why did the union get anything and the existing gm shareholders received stock in something called "motors liquidating company"?

why did the union get stock in the new gm? thats the question

while the motors liquidating company was worthless

and for obama, it was a campaign trick, using the taxpayer for his own benefit

the bailout was an opportunity to suggest that government, if it's done right, can be a good thing

he got to present himself as a chief executive who cared, in contrast to the messaging flowing out of his campaign about his GOP opponent, Mitt Romney.

here's a reliable quote

The real loser in the General Motors deal is the legitimacy of the economic system in the United States. Although there were large profits to be made from the launch of the new GM IPO, a precedent has been set whereby a government administration can confiscate the ownership of a company, reorganize it, and pay off its political supporters. The former investors were betrayed by political decree, and once betrayed, the legitimacy of the system will never be the same.

If the USA and Canada don't give GM the 30 billion to continue to operate while in chapter 11 (which lasted some 40 days), GM would have been forced to liquidate a worse alternative for the us auto industry and USA taxpayer.

From the link:

The U.S. government and the Canadian government are providing $30 billion to the company to continue operating while in Chapter 11.
Edward Whitacre, former CEO of AT&T was appointed as chairman of the board.
A proposal to form a new entity that would be owned 60% by the U.S. government, 12% by the Canadian government, 17.5% by the United Automobile Workers union, and 10% by G.M. bondholder has been presented to the court for approval. Court papers state that they have no other viable alternative and if the proposal is not approved, the company would be forced to liquidate.


In North Dallas, most of the muscle cars on the road are Camaro's and Ford Mustangs. If Obama and Canada don't give GM the 30 billion to keep operating there would be no new GM.

Thanks Obama
Thanks Tim Geitner

[WTF]

Originally Posted by adav8s28

Splitting hairs a little Ellen? Your hero Trump predicted he would do 4,5,6% GDP growth once his Corporate Tax cut was implemented. Trump never came close to 4% GDP and sniffed 3% one time.

https://www.thebalance.com/u-s-gdp-growth-3306008

Originally Posted by lustylad

Lying about the past or present is far worse than incorrectly predicting the future.

Only a morally obtuse partisan hack would fail to see that.

What lie? Are you claiming Trump didn't say this?

https://www.newsweek.com/two-years-a...ercent-1484901

"The economy now has hit 3 percent. Nobody thought we'd be anywhere close. I think we can go to 4, 5, and maybe even 6 percent ultimately," Trump said December 16, 2017. At the time, 2017 GDP growth hit 3.2 percent in the third quarter and rose to 3.5 percent in the fourth quarter

[adav8s28]

Originally Posted by lustylad

Lying about the past or present is far worse than incorrectly predicting the future.

Only a ............

Lusty, you are not partisan? (LOL). Both presidents misspoke. The only reason Trumps misspeak was not as bad is because Trump is a republican.

[Why_Yes_I_Do]

So OBammy gave our hard earned monies away to GM so they could build cars in Mexico and China, who most likely is leveraging slave labor for much of it. I'm not sure I see the benefit there, let alone the government even taking control of the means of production - kinda like they do in Chyyyna - which as you may recall is a Communist country. Eh Comrade?

[adav8s28]

Originally Posted by Why_Yes_I_Do

So OBammy gave our hard earned monies away to GM so they could build cars in Mexico and China, who most likely is leveraging ............

GM had ran out of their own money. The hummers and saturns in their product line did not sell (LOL). That was not their only problem. The financial condition of the company reached a point that they needed to to a chapter 7 or 11.

Without the the 30 billion that Obama and Canada game GM to keep them running while going through the Chapter 11 they would have been forced to liquidate. This would have been much worse for auto industry and the US taxpayer.

The U.S. Treasury sold all of its GM shares in Obama's second Term.

Some highlights from link in post #58.

Received court approval to borrow $33.3 billion from the U.S., Canadian and Ontario governments
The new GM company will launch a new stock IPO in early 2010
U.S. bankruptcy court approves GM's bankruptcy sale, leaving its most profitable assets intact and under government ownership on July 6, 2009
Emerged from bankruptcy protection on July 10, 2009, as a new company, which was majority owned by the U.S. Treasury
On December 10, 2013, the U.S. Treasury sold the last of the 31.1 million shares it owned in GM

The above scenario is/was far better than going through a liquidation. Think about what would have happened to the tire industry, the parts industry with no GM.

The issue that some eccie republicans have is that the american auto workers union got a small equity stake in the NEW GM.

There were some 750 objections. The bankruptcy judge approved the proposal that was submitted by team Obama.

The current CEO of GM is making $20 million per year. Capitalism in the USA is working just fine.

[adav8s28]

Originally Posted by lustylad

Nice quote, what was the source?

Btw - I'm trying to decide who is more corrupt: 1) Obama for enriching the UAW (and future dim-retard campaign coffers) using taxpayer money, or 2) adav8 for deliberately and misleadingly editing your post #57 .........

Post #57 had 2 phrases with major problems. I did not add any words to what Nevergiveit wrote.

1. Obama did take GM thru Bankruptcy not Bush43.

2. The UAW got a small stake in the new GM not complete control.

3. Bush43 tried to save the old gm with a TARP loan. What happened? The GM operating reserves got smaller.

4. You don't like the fact that the UAW got a 17.8 % stake in the new GM. You should take it up with Bankruptcy judge who made the decision to accept the proposal for a new GM.

5. Try to stick to the facts "Joe Harvard".

https://www.thebalancesmb.com/gm-chapter-11-2891901

[Why_Yes_I_Do]

New agey idea - spending your own money on things you want/need.

Originally Posted by adav8s28

GM had ran out of their own money...

What happens when you go to the grocery store and are out of money? You go hungry.

Originally Posted by adav8s28

...The hummers and saturns in their product line did not sell ...

What happens when you go to restaurant and their food sucks? They go hungry.

Originally Posted by adav8s28

...The financial condition of the company reached a point that they needed to to a chapter 7 or 11.

Without the the 30 billion that Obama and Canada game GM to keep them running ...

Maybe an esoteric and technical financial point here, but uhhmm - he gave them money from my pocket. Aside from that, if the company is building products that nobody wants? They go hungry. If they make sound business decisions and make things people want - they eat like Kangs!

[Why_Yes_I_Do]

Originally Posted by adav8s28

...The current CEO of GM is making $20 million per year. Capitalism in the USA is working just fine....

Controlling the means of production with tax payer dollars is not Capitalism. It's Communism. Comrade.