- Joined
- Mar 11, 2009
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J, be honest. Did we get any of our money back in the past?
Congress passed the bill 21 December 1979, but with strings attached. Congress required Chrysler to obtain private financing for $1.5 billion -- the government was co-signing the note, not printing the money -- and to obtain another $2 billion in "commitments or concessions [that] can be arranged by Chrysler for the financing of its operations." One of those options, of course, was reduce employees wages; in prior discussions, the union had failed to budge, but the contingent guarantee moved the union.
What Was The Chrysler Bailout? - Political History: The Chrysler Bail Out
All the stock purchase did was give a mechanism to get our money back, not a bad thing.
Any of claim is dishonest.
The US is not running GM.
Yes.
Obama didn't have to do it that way.
Of course there were other ways, but forfitting on a note wouldn't be a first. Stocks might well have been a better way.
No, it isn't.
No, the union is, with stock ownership given for political payback. Any other claim is dishonest.
j-mac
Yes, I know your spin, but it is meaningless without support. Don't expect everyone to accept univerisally the same poison you willingly swallow.
Of course there were other ways, but forfitting on a note wouldn't be a first. Stocks might well have been a better way.
No, it isn't.
Yes, I know your spin, but it is meaningless without support. Don't expect everyone to accept univerisally the same poison you willingly swallow.
Everything you need to know about the nightmare of government-controlled busi nesses can be found in a damning new inspector-general's report on how and why the Obama administration forced Chrysler and General Motors to oversee mass closures of car dealerships across the country.
Under the guise of "saving" the US auto industry through a taxpayer-funded bailout now topping $80 billion, President Obama's bureaucrats pushed the car companies to eliminate thousands of jobs -- with unjustified haste using dubious economic models.
The bungling of the auto bailout - NYPOST.com
Private Chrysler Stock Given to Unions in Auto Bailout
When the government bailed out Chrysler motors, stock owned by private citizens was given to unions, breaking the Constitution’s Contract Clause. Writes the WS Journal,
The Obama administration’s behavior in the Chrysler bankruptcy is a profound challenge to the rule of law. Secured creditors—entitled to first priority payment under the “absolute priority rule”—have been browbeaten by an American president into accepting only 30 cents on the dollar of their claims. Meanwhile, the United Auto Workers union, holding junior creditor claims, will get about 50 cents on the dollar.
Obama & State Takeover By Union: Syndicalism
this is disjointed, and incoherent, could you clean it up so that I can understand what you are saying here?
[/QUOTE]It's not spin Joe, it is what happened. You know facts? Though they can be pesky for liberals it is what went on....
Don't expect the facts to change just because they are inconvenient for you Joe.
j-mac
Facts are only facts, when presented by your side. If the opposition supplies them, they are 'spin'.
An opinion is not a fact. That you don't seem to kknow that may be a concern.
An opinion is not a fact. That you don't seem to kknow that may be a concern.
My opinion is not opinion. Everything I said was fact. .
Says the man who apparently knows everything.
another dem poster would beg to disagree with you
I'm sorry you struggled with this j, it isn't really difficult. Are you trying to implant your spin on it?
In any case, no one claims there was only one way to do it. That's your strawman and nothing more. We've given before, and loaned before. The results have always been we got nothing for it. So, stay with the actual argument. No one argued there was no other way. Just that this was a valid way.
I'm always impressed j in how often you and those on your side given me someone elses spin to support the spin you use. Someone sharing your opinion, skewed as it is, is not evidence of it actually ahppening. You merely support my view that you shouldn't expect everyone to accept univerisally the same poison you willingly swallow.
Great article here Joe, I suggest you read it, in it's entirety....You may learn something.
Obama & State Takeover By Union: Syndicalism
j-mac
No, I am coming at you from a point in which I was actually alive, and living in Michigan at the time of the 1979 Carter bailout of Chrysler, and he didn't take over the auto company to do it. The only reason I can see for Obama to do this the way in which he has is to give ownership of the company to the unions and ensure a hand in dictating what they build in terms of so called 'Green cars'.
Explain what you mean by "valid"? Because if there were a less intrusive way to go about it, I am sure that the American people would have preferred that to a take over.
You don't have to Joe, that is what is great about this country for the time being. You can continue to believe your own misguided spin being fed you by Axlerod, and we can continue to smack you down with the facts.
j-mac
j-mac said:Great article here Joe, I suggest you read it, in it's entirety....You may learn something.
Obama & State Takeover By Union: Syndicalism
j-mac
I keep telling you j, garbage in equals garbage out.
such a posture is absurd, laughable
Union workers would be exempt from Dem health care tax | Washington Examiner
Is there really doubt in your mind that President Obama favors unions, and that they've influenced his policies and decisions? Really?
Favor? Don't know. But that is a far cry from J's unsupported claim. I favor blonds, but don't discriminate against any other hair color. To support J's claim he has to actually provide evidence.
Not even ginger kids?:mrgreen:
I favor blonds, but don't discriminate against any other hair color. To support J's claim he has to actually provide evidence.
:lol: Love gingers!
exempting unions from the cadillac tax obamacare imposes on every other american IS discrimination, hello
that evidence would be required, here, is revealing because the seiu exemption is as common knowledge as the cornhusker kickback, for instance
anyway, the link is about 5 posts up
think
link
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