Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh? - Page 2 - TigerDroppings.com

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DA
LSU Fan
Member since Sep 2007
16251 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


It's the same old shite from the fox crowd. Obama didn't kill OBL. Obama didn't save GM, Romney did. Obama;s employment numbers are fixed. The polls are rigged.

You refuse to give the man credit for anything. I wonder why?






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Choctaw
Navy Fan
Pumpin' Sunshine
Member since Jul 2007
49070 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


quote:

You refuse to give the man credit for anything. I wonder why?


because we're racists






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MFn GIMP
LSU Fan
Owensboro, Kentucky
Member since Feb 2011
8373 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


quote:

He was lying

The only difference between Romney and Obama's plan was that under Obama's plan Union bosses got bailed out and took over a significant portion of GM's ownership.






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BlackHelicopterPilot
LSU Fan
Top secret lab
Member since Feb 2004
32105 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


quote:

Of course there wasn't any money, until they went into a managed bankruptcy. One where proper rules were to be followed and union and other contracts negotiated out.



But, that scenario would have eliminated the Union influence......say...wait a minute. Could THAT have been why the Gov. money needed to be provided with the quickness?








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Meauxjeaux
Memphis Fan
I have 89,230 posts with my alters
Member since Jun 2005
16262 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


quote:

There was no private money to do Romney's plan


How do you know this? You are making completely ignorant, unfounded statements... more and more by the day.

Are you seriously going to say there is no private money available for a federally GUARANTEED loan?

If so, you are so mis-informed as to be dismissed out of hand.






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LSU Patrick
LSU Fan
Kansas
Member since Jan 2009
10762 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?








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Alabama Slim
Alabama Fan
2009,2011 BCS National Champions
Member since Jul 2007
9254 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


I loved the look on Maddows face when she realized it wasn't going to be a pro Obama question





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elprez00
New Orleans Saints Fan
Hammond, LA
Member since Sep 2011
12348 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


quote:

in related news....FOX News has just hired Chris Matthews to co-host the O'Reilly Factor









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Wolfhound45
LSU Fan
Member since Nov 2009
13793 posts
 Online 

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


quote:

LSU Patrick








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tiger1014
LSU Fan
Member since Jan 2011
10292 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


quote:

Obama didn't kill OBL


Yes he did. They're so stupid to think otherwise. Commando Obama gunned his asss down!







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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
79951 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


Please answer my question to you on page 1 of this thread.





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Janky
LSU Fan
Team Primo
Member since Jun 2011
7045 posts
 Online 

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


quote:

DA


You poor child. Are you saying that Obama was right in the last debate on this subject?






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Patrick O Rly
New Orleans Saints Fan
y u do dis?
Member since Aug 2011
36578 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


quote:

It's the same old shite from the fox crowd.




quote:

Obama didn't kill OBL.


He didn't. It happened under his watch. I gave him a round of golf claps.

quote:

Obama didn't save GM, Romney did.


Who said Romney saved them? I want a link. Obama really saved the union.







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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
79951 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


quote:

I loved the look on Maddows face when she realized it wasn't going to be a pro Obama question
Me, too!






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DA
LSU Fan
Member since Sep 2007
16251 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


" Bob Lutz, the vice chairman of GM at the time and an outspoken Republican himself, said the loan guarantees Romney talks about would not have made a difference due to the cash crunch at the time.

"The banks were even more broke than we were. Who had the money?" he told the Detroit Free Press in February. "Loan guarantees don't do any good if the banks don't have any money."

Without financing, both companies would have had to close. And even if they had survived, they could be struggling today rather than reporting record profits and strong sales. Many of their suppliers would have also been forced to shut down, and that could have caused bankruptcies at other automakers such as Ford Motor (F, Fortune 500), which would have been unable to build cars without their supplier base.

Lutz said Tuesday that the government was the only one willing to give GM most of the help it needed in return for stock in the company, rather than heaping on more debt that it couldn't afford. Even the Obama administration was reluctant to do that, Lutz said. But it was the only way a healthy GM could emerge from bankruptcy."

LINK






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BlackHelicopterPilot
LSU Fan
Top secret lab
Member since Feb 2004
32105 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


quote:

Bob Lutz, the vice chairman of GM at the time and an outspoken Republican himself,



quote:

Lutz said Tuesday that the government was the only one willing to give GM most of the help it needed in return for stock in the company,



So, part of the leadership that ran one of the most successful corporations in history into bankruptcy is the arbiter on what is sound fiscal and investment policy?


wow...just, wow






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TROLA
LSU Fan
BATON ROUGE
Member since Apr 2004
6158 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


quote:

Lutz said Tuesday that the government was the only one willing to give GM most of the help it needed


Outside of everything in this thread.. This right here should tell you all you need to know about GM, its contracts, products and service during the time in question.







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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
22000 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


quote:

So, part of the leadership that ran one of the most successful corporations in history into bankruptcy is the arbiter on what is sound fiscal and investment policy?
Exactly.






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DA
LSU Fan
Member since Sep 2007
16251 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


You missed the whole point.

I'm not going to try and influence you guys, it's hopeless.

But there might be a few readers who are still reachable.

Do some easy research on google. You'll find the truth. Even Rs admit Obama did the only thing available.

The fricking banks were going under. There was no money available.



This post was edited on 10/24 at 1:34 pm


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Newbomb Turk
Navy Fan
perfectanschlagen
Member since May 2008
9961 posts

re: Letterman: Say, Obama’s kind of lying about this GM bankruptcy thing, huh?


quote:

There was no private money to do Romney's plan Even Bain didn't want any of that.


With government guarantees????

There's NO RISK.

Seriously, you can't be this stupid.

Hell, even someone of your "obvious intellectual talents" could easily get a student loan to any college that will let you in -- WHY? Because the government guarantees the loans.






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