‘You have to admit it’s getting better…’

The auto company that Mitt Romney and his fellow Republicans wanted to leave for dead on the side of the road is alive and well and employing more than 200,000, as the Detroit Free Press reports:

“It’s official.

General Motors surpassed Toyota and Volkswagen to reclaim the crown of world’s largest automaker with global sales of 9.03 million vehicles in 2011.

That was 11% higher than Volkswagen, which last week reported 2011 global sales of 8.16 million. Toyota has not yet reported its final 2011 sales, but last month the Japanese automaker estimated it sold 7.9 million vehicles globally last year….

GM’s 2011 sales rose 7.6% from 2011. Sales in the U.S. led the way for Chevrolet with total vehicle sales of 1,775,812, up more than 13%.

And then there’s this from Bloomberg:

Jan. 19 — Claims for jobless benefits last week dropped to the lowest level in almost four years, pointing to an improvement in the U.S. job market that may help bolster spending in the new year.

Applications for unemployment insurance payments plunged by 50,000 to 352,000 in the week ended Jan. 14, less than forecast and the fewest since April 2008, according to data from the Labor Department issued today in Washington. …

Jobless claims, which tend to be volatile week to week around holidays, have trended down over the past month, a sign employment may pick up after payrolls grew by 200,000 in December. Gains in incomes, combined with less inflation, will probably underpin household spending, which accounts for about 70 percent of the world’s largest economy.

“We’ve had fundamental improvement in the labor market in the past few months,” said Ellen Zentner, a senior economist at Nomura Securities International Inc. in New York.

All in all, there’s only one thing to be said, and I know just the four lads to say it:

– Jay Bookman

432 comments Add your comment

Erwin's cat

January 19th, 2012
2:41 pm

Paul Brounshirt

January 19th, 2012
2:42 pm

This “triumph” of government motors doesn’t fool those of us who are on to this communist president and his socialist principles. Not for one second.

Paul

January 19th, 2012
2:43 pm

“‘You have to admit it’s getting better…’

You’re talking about your blogger, right?

HA!

HA HA!!

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!

Whew…. thanks, I needed that.

getalife

January 19th, 2012
2:43 pm

It is getting better because we have a competent leader.

‘YOU NEED TO SHARE ME’ drudgey.

Too funny for our comedians to use .

Paul

January 19th, 2012
2:44 pm

Whatsamatta, Brounshirt, GM’s success tells you communism and socialism work?

Peadawg

January 19th, 2012
2:44 pm

Jm’s head explodes in 1…2…3

Erwin's cat

January 19th, 2012
2:45 pm

The auto company that Mitt Romney and his fellow Republicans wanted to leave for dead…

Come on Jay, no one wanted that, they just wanted them to go bankrupt the same way every other failing business does….but that would have jepordized the unions and “we” couldn’t have that now could we? GM would have eventually emerged stronger and leaner
But hey, I understand that is not nearly as dramatic as “leave on the side of the road for dead”

Keep Up the Good Fight!

January 19th, 2012
2:51 pm

Well I will expect the claim that Toyota is having problems because of the tsunami….although Toyota has recovered quicker than expected and has raised its profit forecast… but GM’s success is great news!

Mid Ga Retiree

January 19th, 2012
2:52 pm

And gasoline is climbing daily. It was under $2.00 a gallong in January 2009 and it’s $3.36 a gallon where I live today and projected to reach $4.00 a gallon by summer. So, everything is not getting better.

(ir)Rational

January 19th, 2012
2:54 pm

I’m not refuting the numbers, merely wondering here, what impact the Tsunami had on Toyota’s sales. My brother-in-law works for the Honda plant, and they weren’t making cars for a week or two, and then were on something like half-time for a while because they couldn’t get parts.

Having said that, I think its great that the economy seems to be doing better. I’m hoping beyond all hope that that “better” will extend to the housing sector and quick. Also, if GM would have cut the fat and focused on cars that people wanted, they might not have lost the title of world’s biggest auto producer.

Mick

January 19th, 2012
2:55 pm

But, but…the gov’t shouldn’t be in the business of picking winners and losers…

Half Man Half Biscout

January 19th, 2012
2:55 pm

All in all, there’s only one thing to be said, and I know just the four lads to say it:

Why dontcha play Tax Man, the GOP’s favorite anthem? C’mon let’s be balanced Jay! :)

jewcowboy

January 19th, 2012
2:55 pm

“The auto company that Mitt Romney and his fellow Republicans wanted to leave for dead on the side of the road is alive and well and employing more than 200,000″

I, for one, and supremely happy they survived and are currently thriving.

http://youtu.be/EGI2uHrAjLU

ES

January 19th, 2012
2:55 pm

Let’s just wait to see how the republicans start twisting this…

JOE Cool

January 19th, 2012
2:56 pm

Socialism, Communism, Marxism, Welth Envy……

Did i get em all out the way?

stands for decibels

January 19th, 2012
2:56 pm

I’m hoping beyond all hope that that “better” will extend to the housing sector and quick.

I’d settle for it to stop sliding, myself. Not holding my breath there, though.

(ir)Rational

January 19th, 2012
2:56 pm

Keep – I sure do hate to seem predictable. :(

Whatever

January 19th, 2012
2:56 pm

There’s a big difference between wanting to leave them for dead and just expecting them to go through the same bankruptcy channels as other businesses.

Jay, this seems a little dishonest for you.

(ir)Rational

January 19th, 2012
2:57 pm

stands – I need it to improve. My table/stomach depend on it.

jewcowboy

January 19th, 2012
2:57 pm

(ir)Rational,

“what impact the Tsunami had on Toyota’s sales.”

Or their millions of recalls…

Adam

January 19th, 2012
2:57 pm

THIS is what happens when you subsidize companies. And THIS is why oil companies have traditionally done so well, and so on. “Picking winners and losers” sometimes works out pretty well, if by picking a winner you pick a company or industry that represents your nation. If, however, you somehow completely stamp out competition WITHIN our own country, THEN it becomes bad somehow.

BTW, when it comes to picking winners and losers, as the cons like to say, anyone notice that the government errs on the side of having more players on the field most of the time?

JOE Cool

January 19th, 2012
2:58 pm

Thats RECORD speed there Mr. Paul Brounshirt

(ir)Rational

January 19th, 2012
2:58 pm

Whatever – It may seem a little dishonest for him, but you have to look at Jay’s columns, and put them through a BS translator recently. He’s been being “conveniently dishonest” a lot lately.

Adam

January 19th, 2012
2:59 pm

“We’ve had fundamental improvement in the labor market in the past few months,” said Ellen Zentner

Wow. Strong statement coming after 3-4 years of doom and gloom talk from the same people. We got change, now we have hope.

YEAH I SAID IT. :D

Jay

January 19th, 2012
2:59 pm

As the story at the link points out, the tsunami DID have an effect on that.

(ir)Rational

January 19th, 2012
2:59 pm

jewcowboy – I forgot about those.

Adam

January 19th, 2012
3:00 pm

Erwin: Come on Jay, no one wanted that, they just wanted them to go bankrupt the same way every other failing business does

And the difference would be….?

ByteMe

January 19th, 2012
3:00 pm

merely wondering here, what impact the Tsunami had on Toyota’s sales

I don’t think it had as much impact as their very public quality issues in the past couple of years.

just expecting them to go through the same bankruptcy channels as other businesses.

They did. If you understand bankruptcy, you understand that to go through a “normal” bankruptcy, you have to have a financial backer to fund you during the reorganization. The private sector couldn’t/wouldn’t step up after much pleading to be a financial backer during the reorganization, so the government stepped in and took that risk and is being rewarded for their investment.

In fact, had the banks been handled this way instead of the way Paulson did it, we would all have been much better off.

(ir)Rational

January 19th, 2012
3:00 pm

Jay – The link was just about the jobless claims?

Normal

January 19th, 2012
3:02 pm

Mid Ga Retiree

January 19th, 2012
2:52 pm

But government can’t impede free enterprise can it? Wouldn’t that be the act of a Communist?

I remember Nixon tried to regulate gas prices and big oil boys refused to make gasoline resulting in long lines and fights and such. Hell I had to keep my motorcycle indoors for fear it would be stolen…and it was a Yamaha.

Nixon even was thinking about forming a police force to patrol the gas stations. I think they were called the Gas-stopo’s… :)

Adam

January 19th, 2012
3:02 pm

And gasoline is climbing daily. It was under $2.00 a gallong in January 2009 and it’s $3.36 a gallon where I live today and projected to reach $4.00 a gallon by summer. So, everything is not getting better.

1) This is like saying all 800k jobs lost in a single month is Obama’s fault because it happened in his first month on the job. Care to find numbers BEFORE the recession started and compare to now?
2) Gas prices climbing usually indicates the economy is doing pretty good and the speculators want a piece of the pie. So you could say it’s definitely getting better enough for them to want to rape people’s pocketbooks.

Half Man Half Biscuit

January 19th, 2012
3:03 pm

Being the wiseacre I am, sometimes I even misspell my own name. Apologies. Fixed now.

Brosephus

January 19th, 2012
3:03 pm

‘You have to admit it’s getting better…’

Not if you’re a staunch Republican dead set on making Obama a one-term President.

Redneck Convert (R--and proud of it)

January 19th, 2012
3:03 pm

Well, all this means is, they finally caught the guy that kept putting empty Coke bottles in the doors of the cars before they put the upholstery on. People stopped feeling like they were driving a machine gun on wheels and going to a dealer to get the rattle checked out and they started driving more Chevys. It’s still a junk car. I’m a Ford man, myself. F-450 all the way.

Anyhow, I won’t drive anything that’s been bailed out by this Obama. I may be poor, but I got my pride.

Now I’m worried ABC will put the Gingrich woman on at the same time as Bill O’Reilly. I may need to set up the 2nd TV in the living room tonight so I won’t miss any juicy stuff important news.

Have a good p.m. everybody.

Jay

January 19th, 2012
3:03 pm

oops. sorry, thought I had linked to the Free Press story as well. Will fix.

Adam

January 19th, 2012
3:04 pm

(ir)Rational: Also, if GM would have cut the fat and focused on cars that people wanted, they might not have lost the title of world’s biggest auto producer.

I swear I am saying this as a mostly humorous comment, but I find it hilarious that it took government majority ownership to redirect the goals of GM into something the American public has been clamoring for for decades. The free market did NOT take care of that on its own.

Paul

January 19th, 2012
3:06 pm

jewcowboy

WOW!

Did you check out the ages of the design team managers? Fresh thinking – and not all US-centric.

Zeus in his blazing hot speedos- object of keep's obsession

January 19th, 2012
3:06 pm

Awesome news. Perhaps now Jay can do a comparison of economic growth rates between where the Reagan economy was 3 years into his presidency vs where the Obama economy is 3 years into his presidency since both inherited really bad recessions. Then we will have a measuring stick as to whether or not we should be experiencing only the weak to moderate growth we have now or the explosive growth we had under Reagan. Comparison window now open. I’ll be back in a little while to see how the 2 stack up head to head.

jewcowboy

January 19th, 2012
3:07 pm

“THIS is what happens when you subsidize companies”

Perhaps. But it also is what happens when a company uses the opportunity given to it to revamp their thinking. If after getting bailed out, GM turned around produced something like this, http://youtu.be/k9bvNK9pvTk , then no matter how subsidy they received they would still be going under.

ByteMe

January 19th, 2012
3:08 pm

since both inherited really bad recessions

No, they didn’t. Reagan inherited a normal business cycle recession. Obama inherited a credit crisis-driven recession that nearly became a depression. BIG difference if you understand economics.

(ir)Rational

January 19th, 2012
3:09 pm

Adam – Yeah, it does seem odd that they had to be forced into it. You would have thought their failing lines would have been cut on their own. Also, to add to the humor, it seems odd that it took the government to cut the fat from anything.

Brosephus

January 19th, 2012
3:12 pm

Mid Ga Retiree

Read the story at this link to understand why gas prices are climbing and will not go down. Unless you’re advocating that the US nationalize any and all gas refined within our borders, your point is moot.

http://www.usatoday.com/money/industries/energy/story/2011-12-31/united-states-export/52298812/1

jm

January 19th, 2012
3:13 pm

go republican house!

jewcowboy

January 19th, 2012
3:14 pm

Paul,

“Did you check out the ages of the design team managers?”

I know. You certainly wouldn’t see someone that young as a design manager in the mid-80’s.

“Fresh thinking – and not all US-centric.”

That harkens back to the CTS that was developed and tested on the Nürburgring racetrack. By designing better, they are also dropping the average age of a Cadillac owner.

Jay

January 19th, 2012
3:15 pm

Well Zeus, an apple-to-apple comparison between what Reagan faced and what Obama faced is difficult. By almost any measure, the crisis confronting Obama was much worse, acknowledged as easily the worst in 80 years. The Reagan recession was largely Fed-induced, as a way to tame inflation, and the Fed largely brought us out of it as well. It was more or less a “managed recession.”

The Obama recession, by contrast, was chaotic and much deeper and more dangerous.

All that said, the unemployment rate in December 1983 was 8.3 percent. In December 2011, it was 8.5 percent.

Keep Up the Good Fight!

January 19th, 2012
3:16 pm

Thanks for the link Jay on the GM story…. i thought I had missed it the first time.

Joe Hussein Mama

January 19th, 2012
3:17 pm

Jay — “The Reagan recession was largely Fed-induced, as a way to tame inflation, and the Fed largely brought us out of as well.”

And how did President Reagan express his appreciation to Fed Chairman Paul Volcker for helping us get out?

By replacing him with that Alan Greenspan son-of-a-beach.

Brosephus

January 19th, 2012
3:19 pm

go republican house!

And don’t get caught in traffic jams while departing DC. Leave the legislating to grown ups!!

ByteMe

January 19th, 2012
3:19 pm

Jay, you forgot to mention that by December 1983, Reagan had raised taxes twice. :)

Keep Up the Good Fight!

January 19th, 2012
3:20 pm

BIG difference if you understand economics

:lol: Understanding may be lacking when a self-proclaimed economist says .curtailing hiring, expansion, and R&D”= “2.4% is a very modest increase, basically just keeping up with inflation”. But that could also account for the attempted claims that 2 different recessions were essentially equivalent (I guess because they had the name “recession:).

(ir)Rational

January 19th, 2012
3:20 pm

jewcowboy – Am I missing a link to a story about the design team at GM?

GM

January 19th, 2012
3:20 pm

Thank you President Obama for saving the heart of America Indust.
Those people taking shots at the President for saving America way of life have two things in common with the terrorist
1. Hate for the President
2. Hate for the American worker

If Gm, wall street, banks failed our way of life would have failed, thank you President Obama for still trying to turn the table, even though we have in house terrorist who are not happy with saving Americans because of the hate for your skin, bunch of sickos from the south.

ByteMe

January 19th, 2012
3:21 pm

Tommy Maddox

January 19th, 2012
3:21 pm

Shouldn’t the by-line be “The automaker that got taken over by the Government so as to save UAW pension funds, divest secured bond holders of their investment, cause thousands of private workers to lose their job, and cause hundreds of dealerships to close etc?

Is that the company for which you speak?

Quotemeister

January 19th, 2012
3:22 pm

“When Romney ran against the late Senator Ted Kennedy for the U.S. Senate in 1994, the Kennedy campaign produced an ad that shows Romney took a $10 million federal bailout, and would not have been able to save Bain without the bailout.” http://www.seattlemedium.com/news/Article/Article.asp?NewsID=112189&sID=34&ItemSource=L

Paul

January 19th, 2012
3:22 pm

“All that said, the unemployment rate in December 1983 was 8.3 percent. In December 2011, it was 8.5 percent.”

SEE? Obama’s unemployment is HIGHER than Reagan’s and that PROVES what happens when a SOCIALIST tries to run things!!

howzzat?

__________________________________________________________________

Never ceases to amaze me. We spend billions subsidizing agricultural corporations to keep food prices cheap – no free market there. We spend billions subsidizing drug research and then let drug companies patent drugs and keep the profits. We spend trillions subsidizing engineers and project managers and corporations in the defense industry.

But spend a fraction of that to get one company thru a rough time and you’d think it was the end of the Republic.

Granny Godzilla

January 19th, 2012
3:22 pm

Ok with all this good news….

what is the GOP planning next to stall the economy?

Rich

January 19th, 2012
3:23 pm

Keep the good economic news rolling in. I want Obama to bury Willard in November! Nuts to the teabaggers and lackey Republicans who do the bidding for the Super Wealthy!

Adam

January 19th, 2012
3:23 pm

jewcowboy: But it also is what happens when a company uses the opportunity given to it to revamp their thinking.

Well, the standard con rhetoric prior to now has been that GM was FORCED by Obama to make the cars they made, including but not limited to the Volt, and those very same cars are now cars that caused them to top the global market. So, did they do it on their own or did Obama force them?

Joe Hussein Mama

January 19th, 2012
3:24 pm

T. Maddox — “Shouldn’t the by-line be “The automaker that got taken over by the Government so as to save UAW pension funds, divest secured bond holders of their investment, cause thousands of private workers to lose their job, and cause hundreds of dealerships to close etc?”

Then are you advocating that the government should have allowed it to fail so that all of the above would have happened PLUS everyone presently at GM would also have lost their jobs?

Adam

January 19th, 2012
3:24 pm

(ir)Rational: Yeah that is funny because “common sense” says that’s not the way it is supposed to work. And yet….

Jefferson

January 19th, 2012
3:24 pm

Mid Ga dude will have some company when they cut back at RAFB due to electing a rookie “R” and losing a ranking “D” on the arms services committee.

Adam

January 19th, 2012
3:24 pm

ByteMe: Jay, you forgot to mention that by December 1983, Reagan had raised taxes twice

You mean Congress did and Reagan signed it.

Tommy Maddox

January 19th, 2012
3:25 pm

Yep. The government needs to leave well enough alone.

Joe Hussein Mama

January 19th, 2012
3:25 pm

Paul — “Never ceases to amaze me. We spend billions subsidizing agricultural corporations to keep food prices cheap – no free market there. We spend billions subsidizing drug research and then let drug companies patent drugs and keep the profits. We spend trillions subsidizing engineers and project managers and corporations in the defense industry.”

Oh noez, centrally planned economy, ZOMG.

ByteMe

January 19th, 2012
3:26 pm

Then are you advocating that the government should have allowed it to fail so that all of the above would have happened PLUS everyone presently at GM would also have lost their jobs?

In their minds, a small price to pay for the Kenyan Socialist to be a one-termer.

Brosephus

January 19th, 2012
3:26 pm

Jay

You think Mitt had advance warning on that positive news from the auto industry when he said this on CBS morning news a while back: “In the work that I had, we started a number of businesses, invested in many others and that overall created tens of thousands of jobs,” Romney said. “So, I’m pretty proud of that record. And, by the way, in the general election, I’ll be pointing out that the president took the reins of General Motors and Chrysler, closed factories, closed dealerships, laid off thousands and thousands of workers. He did it to try to save the business. We also had, on occasion, to do things that are tough to try and save a business. I can tell you one thing, though, I’m going to go to Washington and cut it down to size. Washington is simply too big.”

(ir)Rational

January 19th, 2012
3:26 pm

Adam – I’m baffled.

Joe Hussein Mama

January 19th, 2012
3:26 pm

T. Maddox — “Yep. The government needs to leave well enough alone.”

Fair enough. We’ll abandon the prime rate in the morning and see what that does to the economy.

Adam

January 19th, 2012
3:26 pm

Yep. The government needs to leave well enough alone.

Not true. And you know, if you beleive that, there are a few places you can go that government is NOT in the way. Mostly third world but hey, beggers can’t be choosers amIRite?

ByteMe

January 19th, 2012
3:26 pm

You mean Congress did and Reagan signed it.

Actually, Reagan advocated for the increases … the first so that he could increase spending on defense and the second to shore-up Social Security.

Tommy Maddox

January 19th, 2012
3:27 pm

If that will assist the UAW then I imagine it’s on their playlist.

Brosephus

January 19th, 2012
3:27 pm

But spend a fraction of that to get one company thru a rough time and you’d think it was the end of the Republic.

That’s because it was done by a Democratic President. Had it been Reagan that executed that move, it would have been hailed as the greatest thing since sliced bread. ;)

American

January 19th, 2012
3:27 pm

GM, Then why won’t President Obama do the right thing for America and allow the Keystone Pipeline
to be built now? This President doesn’t even like our Nation. He is always aplogizing for it to
other world leaders. You’re BS is like the dog that don’t hunt anymore.

Doggone/GA

January 19th, 2012
3:28 pm

“You mean Congress did and Reagan signed it.”

Nope, Congress passed it and Reagan signed it. He gets the credit/blame, because he would have vetoed them. Congress only gets the full credit/blame if they pass something OVER a veto.

Keep Up the Good Fight!

January 19th, 2012
3:28 pm

Shouldn’t the by-line be “The automaker that got taken over by the Government so as to save UAW pension funds, divest secured bond holders of their investment, cause thousands of private workers to lose their job, and cause hundreds of dealerships to close etc?

WOW… Obama did that and now the company is the largest automaker in the world. That is ONE SUCCESSFUL EXPERIENCED BUSINESSMAN!

Erwin's cat

January 19th, 2012
3:28 pm

Joe – PLUS everyone presently at GM would also have lost their jobs?

BS!…Just make stuff up if ya have to Joe

Thomas

January 19th, 2012
3:28 pm

uh Jay- how is Ford doing without a bailout?

(ir)Rational

January 19th, 2012
3:29 pm

Oh, Granny, I was going to tell you I planned to figure out a way to lay off 5 million or so people. We just can’t let this economy continue getting better. ;)

Doggone/GA

January 19th, 2012
3:29 pm

“Then why won’t President Obama do the right thing for America and allow the Keystone Pipeline
to be built now?”

Because it is NOT the “right thing” for the nation under the corredor currently proposed.

Adam

January 19th, 2012
3:29 pm

(ir)Rational: I’m reasonably sure the reason it worked out so well is because the head of the government (Obama) used capital (money in the treasury) to make a loan (invest) in a company that was failing and basically represented the American Way of Life for the past few decades (following WW2, perhaps before). He then was a good manager of the investment, proving, if nothing else, that one does not need to be the CEO of a large firm in order to understand how to manage an entire business and direct it to goals that all companies SHOULD be about, but are not usually: listening to the customers!

Jefferson

January 19th, 2012
3:29 pm

The folks in Nebraska don’t want the pipeline in its proposed route, don’t they have a say?

Adam

January 19th, 2012
3:30 pm

Erwin’s right. Everyone at GM would still have their jobs if they were just allowed to go bankrupt :roll:

Thomas

January 19th, 2012
3:31 pm

I suppose we are glad that BofA, Wells, and Citi are all still around as well versus being left for dead?

Using the dead analogy companies are now back to being people which also means that they should be able to contribute to a political campaign.

The far left = the far right

Adam

January 19th, 2012
3:31 pm

ByteMe: Actually, Reagan advocated for the increases … the first so that he could increase spending on defense and the second to shore-up Social Security.

Good. Just help you stay on your toes here :)

They BOTH suck

January 19th, 2012
3:31 pm

Thomas @ 3:28

Guess your favorite pundits forget to mention to you about how Ford lobbied for the bail outs even though they didn’t directly get one…………….

They also forgot to mention that the companies that supply Ford with products to make the cars

Look that up then come back and we can discuss “bail outs” and how Ford without receiving one was still a DIRECT benefactor from those bail outs of which you speak

Erwin's cat

January 19th, 2012
3:32 pm

No Adam, but not “everyone” would have lost their job

Adam

January 19th, 2012
3:32 pm

I suppose we are glad that BofA, Wells, and Citi are all still around as well versus being left for dead?

Except in that particular bailout, the ones who were helped to survive went and shanked all the other peers on the street and ate them.

American

January 19th, 2012
3:33 pm

Granny, It’s your good buddy Obama and Harry Reid. that is killing the economy. Not the Republicans.But you don’t want to hear the truth. Democrats are destroying this economy with their laws and restrictions. Like Frank Dodd for example. And Granny you know this because you use to work for the deomcrat party. Here’s your girl doing at her new job? Jay will not tell the truth because he is in the tank for the progressive liberal democrats.

bob

January 19th, 2012
3:33 pm

Yes Jay, repubs wanted GM to die, very insightful. Maybe they felt GM could restructure.

They BOTH suck

January 19th, 2012
3:33 pm

lil baldy

January 19th, 2012
3:34 pm

Ewww yeah!

lil baldy likes it!

lil baldy likes it alot!

Paulo977

January 19th, 2012
3:34 pm

JOEC
Did i get em all out the way?
_________________
Not quite…
ALIENISM!!!!!

ByteMe

January 19th, 2012
3:34 pm

I suppose we are glad that BofA, Wells, and Citi are all still around as well versus being left for dead?

Wrong and not quite.

We are annoyed that Paulson didn’t put the banks into bankruptcy, replace their board of directors with fewer sociopaths, claw-back exhorbitant bonuses to former managers, and then allow them out of bankruptcy after selling off their non-performing assets… as a normal bankruptcy proceding would have done.

Adam

January 19th, 2012
3:35 pm

“American”’s post at 3:33p wins best delusional post of the day. Anyone want to top it by writing a Ron Paul support post?

bob

January 19th, 2012
3:35 pm

GM, Obama is saving the heart of American life ? Like he said before, his goal is to fundamentally change our way of life.

Brosephus

January 19th, 2012
3:35 pm

Look that up then come back and we can discuss “bail outs” and how Ford without receiving one was still a DIRECT benefactor from those bail outs of which you speak

Without understanding how collapses at GM & Chrysler would have affected companies such as AC Delco, he won’t come close to understanding how much Ford was cheering on the rescue of the other two. Ford benefits by getting good prices from suppliers who have to sell to multiple automakers vs having to deal with suppliers one-on-one.

(ir)Rational

January 19th, 2012
3:36 pm

Adam – So what you’re saying is, Obama did with GM what Romney and Bain Capital did with dozens (hundreds?) of other companies? Got it dude.

Adam

January 19th, 2012
3:36 pm

Like he said before, his goal is to fundamentally change our way of life.

How? In what ways?

lil baldy

January 19th, 2012
3:37 pm

The economy, according to the main stream media, will be back to normal by July/August thanks to Obama’s economic prowess and balanced budget.