What do you think about GM?

[mjdtexan]

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I, who am on the right, agree with you there. He did keep us safe though.

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It is true that President Obama did indeed inherit a national debt. It is however now 4 times as high as when he took it. It is now his. You just can not spend your way out of debt.


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That is scary, huh?

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Oh, I dont know, maybe because we are supposed to make a decent wage. I bet said pharmaceutical company didnt lower any prices on pharmaceuticals.

Please dont consider me argumentitive (sp?), we just have a difference of opinion on a very hot subject. Its a right that both you and I have and we probably have much to agree on. Some of us get so worked up over it (including me sometimes) that we forget we are friends and neighbors.

Mjd

 

[jjdward]

This is just my Thoughts:
people whined so much when Bush was pres about how much we spent on the wars. If Obama keeps spending like he is "bailing us out" (that phrase makes me sick) will add more to the national debt than EVERY PRESIDENT IN THE HISTORY OF THIS COUNTRY. I just wish the people would treat The Great Obama with the same rules that Bush was held up to. Why do so many people think it is the job of the govt to "save us"?
GM lost 9 BILLION dollars in one quater. If my own company lost the same% of money, would the tax payer bail me out? I personaly blame the Upper mgt and the UAW for GM going under. Each 50/50. It just makes me sick when the head of the UAW comes out at the start of this and says the we will not take a pay cut. What kind of attitude is this?

 

[luvarabhorses]

Hi, I am not taking offense, enjoying your opinions, trying to understand how other people think
The daily cost of the war in Iraq is $275 million.

Here are two links that will give you an eye opener of debt:
http://costofwar.com/

To be honest, I don't know the exact amount GM asked for or received, $18 billion? So, I thought there would be no math in this debate (from SNL Chevy Chase as Gerald Ford) , wouldn't that be
65.4545455 ? so roughly 2 months of Iraq? Just putting things in perspective.

I know I am getting off topic, but do we want to be a military based economy to protect us against our immediate surrounding enemies, Canada and Mexico, or do we want to employ people in real jobs that make real things? I was thinking this morning about Japan after WW2. I have a huge collection of those stupid little ceramic things Japan made (like donkeys pulling wagons that are planters, wall pockets, stupid conceptions of American culture put into pottery), then suddenly, this little island started making hi tech things and no longer made those pottery do dads. The pottery do dads moved to Korea, Taiwan, and now China. I've heard Chinese wages are going up, wondering where do dad making will head next? Maybe back to the US considering the state we are in.

people whined so much when Bush was pres about how much we spent on the wars. If Obama keeps spending like he is "bailing us out" (that phrase makes me sick) will add more to the national debt than EVERY PRESIDENT IN THE HISTORY OF THIS COUNTRY. I just wish the people would treat The Great Obama with the same rules that Bush was held up to.

I don't know that bailing out GM is right or wrong, it doesn't seem fair to Ford, it just seems like that amount of money is a drop in the bucket compared to our ever growing war debt. I really think Obama is trying to get us out of Iraq, and out of debt, I just think you need to give him a chance.

Here are some more economic facts:
It took Reagan only 8 years to increase the national debt from $1 trillion to about $3.5 trillion
George Bush Sr had publicly stated that the federal budget deficit for fiscal 1992 was $360 billion. As it turned out, the fiscal budget deficit for 1992 going into calendar year 1993 was over $700 billion.

When Clinton left office THERE WAS NO NATIONAL DEBT... in fact, there was a 3 BILLION DOLLAR overage in the till.


On Sep 30 2000, the national debt was 5.7 trillion.

On Sep 30, 2006 it was 8.5 trillion. It's over 9 trillion now.

The US borrows by issuing debt instruments, typically it sells Treasury Bonds. The national debt is the total amount owed on these.

The (budget) deficit is the amount of overspending each year. It quickly becomes part of the national debt. Clinton left office with a budget surplus, Bush used it up right away with a tax cut which primarily benefited corporations and very wealthy individuals. We have been going into deeper and deeper debt ever since.

http://www.treasurydirect.gov/govt/repor...
http://www.treasurydirect.gov/govt/repor...

Oh, I dont know, maybe because we are supposed to make a decent wage. I bet said pharmaceutical company didnt lower any prices on pharmaceuticals.

Wow, that sounds a whole lot like entitlement, sure you aren't a liberal democrat?
Believe me, I have no love for the Pharmaceutical companies especially based on my Mom's situation (coming up with $2,000 every 3 weeks for Zeloda- this is in addition to what is covered by her insurance). They did, however, allow me to retire at the age of 40 just by saving and investing the ridiculous amount of money I made mostly during the Clinton years.​

 

[country lady]

Here is a personal view from a local columnist, a native of Melbourne, FL, on why she will no longer drive a Chrysler/Dodge:

A 2nd generation Chrysler-Dodge ownership was informed that his business would be taken away and he would not be compensated. Any of the 125 cars on his lot cannot be sold after June 9 as new--they will not be supported by warranties, nor will factory incentives be offered.

His $300,000 parts inventory becomes almost worthless without the ability to do warranty work. Chrysler will not buy the inventory nor will they offer any help to the family, who has worked for them for more than 30 years. They insisted the family spend millions to update the facility and now Chrysler will force them into bankruptcy, and 50 local workers will be laid off. Chrysler gives them less than a month to deal with the loss of everything the family and workers have built. A Houston family is losing four dealerships despite strong sales.

She goes on to say that even though Chrysler has received $4 billion courtesy of taxpayers, this is the best it can do? GM received $16.6 billion on top of $25 and they are firing 47,000 Americans and moving much of the business to China.

Sad,sad,sad.

Edit: typo

 

[luvarabhorses]

Very sad....

I'm still mad about the Exxon Valdez btw, refuse to purchase gas from Exxon-Mobil.

 

[country lady]

I was surfing tonight and saw the last few minutes of the discussion with Judge Napolitano and Gretchen Carlson of Fox & Friends on Glenn Beck's show. I knew her family owned a dealership in Minnesota. Anybody see the whole discussion? Did she say her family has been in the business for 90 years? Her family lost their dealership, too, with a $4.5 million investment in cars on the lot. She said her parents lie awake at night worrying about their employees. I can no longer believe anything the government tells us.

 

[luvarabhorses]

I can no longer believe anything the government tells us.

Just wondering, do you mean because Bail Out Money didn't Bail GM out as the government had hoped?

I think I killed this thread...not the first time.​

 

[country lady]

No, luvarabhorses, just in general. I guess when a person lives a long time, the whole political scene gets tedious. I am an independent. Why do you think you killed this thread? It's just a harmless discussion.

 

[luvarabhorses]

It appears to be down to me and you...oh well.

 

[jjdward]

When Clinton left office THERE WAS NO NATIONAL DEBT... in fact, there was a 3 BILLION DOLLAR overage in the till.
There was still a debt. There was a budget surplus, but there has only been one time in history of this country that there has been no debt and I think that was more than a hundred years ago. And if I'm not mistaken, GM has gotten close to $50billion so far.

To put it in a different perspective, a billion is a thousand million.

To place it in a better perspective, a billion seconds ago, it was the year1959.

Humans first learned to write 252 billion seconds ago.

A billion minutes ago, Jesus was alive.

A billion hours ago, our ancestors were living in the Stone Age.

A billion dollars ago was only 8 hours and 20 minutes, at the rate Washington spends it.



How Much is a Trillion Dollars?

A trillion dollars is even more incomprehensible. A trillion is a thousand billion.

One trillion seconds equals 1,688 years.

The oldest known human was alive 110 trillion seconds ago.

The US National Debt at the time of this writing is $8,538,579,172,593 or more simply stated: $8.5 trillion. The number is so large that the $1.75 billion this debt is increasing per day seems miniscule by comparison.

So, the next time you hear a politician casually use the words "billion" or "trillion" think about whether you really want that politician spending your tax money.



I know that politics is a touchy subject and I don't want to make anybody mad. I happen to think that the role of the federal Govt's role shouldn't be to bail out a company that has made poor choices for so long. I think that the Govt should keep us safe from our enemies, where ever they are. I, in no way agreed with GW Bush on everything, but I think that the media was so biased against him that he never had a chance. There were even people , like Rosie, who thought he had know about 9/11 and some even said he had helped plan it!! Bill Clinton was, in my opinion, was the most immoral president we have had in the last 150 plus years, but I wouldn’t ever accuse him of something like that. On the other hand, the media has fallen ALL OVER OBAMA. All we heard from him was HOPE and CHANGE. He never had a plan; he was just good at READING a speech. It makes me sick to say this but I think that we would be better off with Hillary Clinton. At least she had SOME experience. Obama has never had leadership experience in anything! Ever, and now he is the leader of the free world! That just seems crazy to me. I think that all politicians are crooks so it’s not a republican or democrat thing. Like I said, I don’t want to make anybody mad because I want to be friends with all you people!!!

Its just my opinion.