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| GM Asked To Pay Back $10 Billion Bailout Costs | |
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| Tweet Topic Started: Dec 17 2013, 01:01 AM (1,112 Views) | |
| campingken | Dec 18 2013, 09:28 AM Post #51 |
Fire & Ice Senior Diplomat
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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 | Dec 18 2013, 10:02 AM Post #52 |
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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 | Dec 18 2013, 10:07 AM Post #53 |
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Thunder Fan
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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 | Dec 18 2013, 11:46 AM Post #54 |
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Fire & Ice Senior Diplomat
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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 | Dec 18 2013, 08:59 PM Post #55 |
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Fire & Ice Senior Diplomat
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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 | Dec 19 2013, 01:02 AM Post #56 |
Fire & Ice Senior Diplomat
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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 | Dec 19 2013, 03:07 AM Post #57 |
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Fire & Ice Senior Diplomat
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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.
Edited by Banandangees, Dec 19 2013, 03:09 AM.
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| Neutral | Dec 19 2013, 03:35 AM Post #58 |
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Fire & Ice Senior Diplomat
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Has anyone answered my question as to why the government sold the stock? |
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| Mountainrivers | Dec 19 2013, 03:46 AM Post #59 |
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Fire & Ice Senior Diplomat
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Probably because they were sick to death of hearing you call it government motors and claiming it was socialism. |
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| Brewster | Dec 19 2013, 03:59 AM Post #60 |
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Fire & Ice Senior Diplomat
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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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