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GM Asked To Pay Back $10 Billion Bailout Costs
Topic Started: Dec 17 2013, 01:01 AM (1,112 Views)
campingken
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Do you believe that the tax payers would have won if GM went bust and an extra 1.2 million workers lost their jobs?
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Neutral
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The others would have sold more units and hired more people but that is a moot point. GM owes us money and they should pay it back.
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Berton
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campingken
Dec 18 2013, 09:28 AM
Do you believe that the tax payers would have won if GM went bust and an extra 1.2 million workers lost their jobs?

What proof do you have of 1.2 million workers losing their jobs. No left wing sources now. Just facts.

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Pat
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colo_crawdad
Dec 18 2013, 06:45 AM
Berton
Dec 18 2013, 05:53 AM
Then they should pay us back all the money we lost on them.
Given the billions of dollars we saved on unemployment payments, other social services for the unemployed and the taxes taken in as direct and indirect result of the bailout, what money did "we" lose."
I think you missed the key point here Colo. GM through negligence ran thee world's most profitable and largest corporation into the ground. The fact that we the taxpayer chose to save them in order to save the costs associated with the company failing saved their (executives and workers) bacon too. Now that the dust is settled this turns to the arena of doing what is right. If your neighbor ruins his new coat and a garden hose helping you save your house from afire, the right thing to do once the smoke clears and he is settled in again, is for him to ring you over new hose and jacket. He doesn't have to but it is the right thing to do.
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Banandangees
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campingken
Dec 18 2013, 09:28 AM
Do you believe that the tax payers would have won if GM went bust and an extra 1.2 million workers lost their jobs?

But, that's what I meant by writing, "The tax payer is the only one who can win by losing."

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campingken
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Got it... However as a tax payer I believe that I won much more than I lost...A flu shot hurts for a moment but a flu blown case of the flu is a thousand times worse.
Edited by campingken, Dec 19 2013, 01:03 AM.
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Banandangees
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campingken
Dec 19 2013, 01:02 AM
Got it... However as a tax payer I believe that I won much more than I lost...A flu shot hurts for a moment but a flu blown case of the flu is a thousand times worse.

If that's the case, think how much further ahead you would have been had their been no need for a bailout. Worker's wouldn't have had a need to look at unemployment and the tax payer would not have had to make the loan .... that he hasn't been repaid for. Everyone would have been ahead. But, with the bailout, GM stayed open, the workers got paid, the government broke even and the tax payer holds the loss.

For the taxpayer, to say that he ought to feel lucky for not having to have lost even more than he did is not a comforting thought. He'd have been better off if he was on welfare, not paying taxes and could care less as to what the government is doing with those tax payers money... he's the big winner. :smile:
Edited by Banandangees, Dec 19 2013, 03:09 AM.
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Neutral
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Has anyone answered my question as to why the government sold the stock?
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Mountainrivers
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Dec 19 2013, 03:35 AM
Has anyone answered my question as to why the government sold the stock?
Probably because they were sick to death of hearing you call it government motors and claiming it was socialism.
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Brewster
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Mountainrivers
Dec 19 2013, 03:46 AM
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Dec 19 2013, 03:35 AM
Has anyone answered my question as to why the government sold the stock?
Probably because they were sick to death of hearing you call it government motors and claiming it was socialism.
Maybe. But the government must've known it didn't matter what they did, Neut was going to be against it.

There is no correct answer.

Particularly if Obama had anything to do with it.
Edited by Brewster, Dec 19 2013, 03:59 AM.
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