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Mon Dec 2, 2019, 09:06 PM

Remember the auto bailout during the great recession?

Remember how furious rethugs were?

Remember network TV covering their fury every night?

Remember rethugs saying we should let the auto companies go out of business?

Whelp..............


?s=20

*crickets*

21 replies, 2140 views

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Reply Remember the auto bailout during the great recession? (Original post)
Takket Monday OP
underpants Monday #1
Cartaphelius Monday #2
mindem Monday #3
magicarpet Monday #8
TwilightZone Monday #4
mnmoderatedem Monday #5
Initech Monday #12
Martin Eden Monday #13
Initech Monday #6
virgogal Monday #14
Initech Monday #15
virgogal Monday #18
roamer65 Monday #7
gab13by13 Monday #11
CentralMass Monday #9
MichMan Monday #10
ornotna Monday #16
greyl Tuesday #19
MichMan Tuesday #20
greyl Tuesday #21
OhioVoterBlue Monday #17

Response to Takket (Original post)

Mon Dec 2, 2019, 09:16 PM

1. GM was Obama's personal decision

Everyone was split. From economics to politics to governance..he was on his own. He had to make a choice. He did. Really it was an easy choice .....but he made it.

The ship was upright but this was a HUGE decision. That and the middle class tax cuts and the Social Security holiday and QE .. everything was thought through, dissected, turned over 12 times.

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Response to Takket (Original post)

Mon Dec 2, 2019, 09:23 PM

2. Just wonder

how much of the $28 Billion actually got to the farmers...

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Response to Cartaphelius (Reply #2)

Mon Dec 2, 2019, 09:27 PM

3. Or how much

has been sucked up by huge corporate farms.

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Response to mindem (Reply #3)

Mon Dec 2, 2019, 10:13 PM

8. And believe it or not farmers from Brazil got a big chunk.

Trump administration showers Brazilian crooks with $62M bailout money meant for struggling U.S. farmers

Link

https://www.nydailynews.com/news/politics/ny-trump-administration-bailout-farmers-brazilian-criminals-20190516-6rdb3ithvfec7fttem7qrny54y-story.html

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Response to Takket (Original post)

Mon Dec 2, 2019, 09:29 PM

4. $28 billion for a problem he personally created.

Of course, the same can't be said of Obama and the auto industry.

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Response to TwilightZone (Reply #4)

Mon Dec 2, 2019, 09:46 PM

5. that's the worst part

all his life, trumpie has had someone following him around with a big pooper scooper to clean up his messes. This time it's the American taxpayer.

And no one even seems to notice.

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Response to mnmoderatedem (Reply #5)

Mon Dec 2, 2019, 10:40 PM

12. As the late, great Bill Hicks said: Go back to bed, America. Your government is in control.

Here, watch Dancing With The Stars and get fat and stupid. Here's a shiny new iPhone and some Airpods. Go back to bed, America.

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Response to TwilightZone (Reply #4)

Mon Dec 2, 2019, 10:40 PM

13. Exactly

That was my first thought, along with saving long term manufacturing jobs.

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Response to Takket (Original post)

Mon Dec 2, 2019, 09:52 PM

6. Trump is going to sink the US economy into a second Great Depression.

And this one we might not ever recover from. If we're not there already.

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Response to Initech (Reply #6)

Mon Dec 2, 2019, 10:43 PM

14. We are hardly in a Depression now,why do you feel we might be?

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Response to virgogal (Reply #14)

Mon Dec 2, 2019, 10:54 PM

15. I feel like Trump's relentless attacks on the Fed are going to produce something catastrophic.

And if there's one thing you don't fuck with, it's the Fed. I mean one fraction of one percentage in the interest rate and GDP could alter whole economies of the world. If Trump gets a hold of that, he's going to sink the economy into oblivion. It would be game over at that point.

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Response to Initech (Reply #15)

Mon Dec 2, 2019, 11:49 PM

18. Thanks for that information.

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Response to Takket (Original post)

Mon Dec 2, 2019, 09:56 PM

7. $23T in debt. $1T budget deficit in a non-recession year.

The fucking Repukes had better shut up about deficits or else.

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Response to roamer65 (Reply #7)

Mon Dec 2, 2019, 10:37 PM

11. I think it's up to 1.1 trillion.

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Response to Takket (Original post)

Mon Dec 2, 2019, 10:17 PM

9. That's quite a pumpkin under that umbrella.

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Response to Takket (Original post)

Mon Dec 2, 2019, 10:33 PM

10. According to the search I just did, the auto bailout was 80 billion

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Response to MichMan (Reply #10)

Mon Dec 2, 2019, 10:56 PM

16. Yes

But in the end it only cost tax payers 10.2 billion.

https://www.thebalance.com/auto-industry-bailout-gm-ford-chrysler-3305670

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Response to ornotna (Reply #16)

Tue Dec 3, 2019, 01:47 AM

19. Right, hence the "over twice as much as it cost to save the auto industry"

rather than "over twice as much spent to save the auto industry".

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Response to greyl (Reply #19)

Tue Dec 3, 2019, 10:13 AM

20. Then they should have said "less than half as much as it cost to save the auto industry"

$28 billion is NOT twice as much as $80 billion. The article is an outright lie

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Response to MichMan (Reply #20)

Tue Dec 3, 2019, 10:20 AM

21. "in the end it only cost tax payers 10.2 billion" nt

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Response to MichMan (Reply #10)

Mon Dec 2, 2019, 10:57 PM

17. True, but

It was an attempted loan and repayment situation to sustain the economic impact of jobs, etc. This farm bailout makes no attempt to make the taxpayers right in the end. Also, this is just the first year's payment. How much will it cost to prop up the fallow fields, broken trade partnerships, and completely f'D supply chains? Cash for clunkers got ppl to buy new cars they maybe otherwise wouldn't have. Cash for corn? Subsidize the farmers' side, and also have artificially low cost for produce? Kroger and Walmart won't take the losses either. This guy is a real wunderkind of stupidity!

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