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© 2013 The Atlanta Journal-Constitution
331 comments Add your comment
md
October 23rd, 2012
2:22 pm
““The people”, or the people who won the Great Redistricting Lottery of 2010?”
I do believe we voted in 2010 too……right? Both “sides” had a chance to “win” that lottery……so yes, the people, at that given point in time.
md
October 23rd, 2012
2:26 pm
“How else will pay for the collapse?
The only people that can afford it.”
How else to pay for it? I’d suggest they best figure that out if those with the cash are now going elsewhere……….it’s pretty stupid to kill the goose that lays the golden eggs and then demand it lay some more.
getalife
October 23rd, 2012
2:26 pm
I would suggest Kyle and Jay read the transcript of the debate and debate every issue our President said mitt got wrong.
That would liven up the discussion but our President told the truth.
mitt got it wrong like the gop normally does.
getalife
October 23rd, 2012
2:28 pm
md,
You want the middle class to pay for it?
Why?
Tiberius - pulling the tail of the left AND right when needed
October 23rd, 2012
2:28 pm
“mitt said the government should not do it. Fact.”
Sorry, getalife, but you and your boy were proven wrong once again.
Obama claimed Romney wanted to “liquidate” Detroit. Romney never said that.
Obama claimed that Romney wouldn’t use government to bail out GM. Romney ALWAYS said he’s use government guaranteed loans if the private sector didn’t step up.
Romney claimed (rightly) that a properly managed bankruptcy would force GM to make the systemic changes needed to succeed in the future without government help. They never had to do those changes with the bailout.
Your President is a failure from top to bottom, getalife.
And neither of you can accept reality.
getalife
October 23rd, 2012
2:31 pm
mitt wanted the private sector to loan them the money . Fact.
Private sector would not so government did. Fact.
Nice spin but bs.
getalife
October 23rd, 2012
2:33 pm
It would lose another 1 million jobs.
Your party already lost 9 million jobs.
They are good at that.
@@
October 23rd, 2012
2:36 pm
Getalife:
Romney proposed federal assistance but only AFTER GM went through bankruptcy.
The American auto industry is vital to our national interest as an employer and as a hub for manufacturing. A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs. The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk.”
As it stands now, GM is still at risk of failing. The collapse of A123 brings their eventual demise even closer.
And we paid for ^^^ both?????
@@
October 23rd, 2012
2:38 pm
Why do my slanties persist after I’ve closed them off?
Dusty
October 23rd, 2012
2:38 pm
I just read Kyle’s last comentary and he said that George W. Bush won last night’s debate.
If I had known that, I would have been watchng. Romney is excellent presidential timber but George W. Bush was the strong one in the storm. Republicans know how to find good men to lead when the going gets rough and believe me, the “going’ is very rough now.
curious
October 23rd, 2012
2:40 pm
From CNN Money, 23 OCT
“But in the 2008 piece, Romney said the money needed to keep General Motors (GM, Fortune 500) and Chrysler Group alive during bankruptcy should have come from the private sector, with the government providing only “guarantees for post-bankruptcy financing.” Those guarantees would have made lenders whole if the automakers subsequently defaulted.
The problem was that there was no one available to write checks for the automakers other than the government in late 2008 and early 2009.”
If no money from the private sector, then what?
Dusty
October 23rd, 2012
2:43 pm
@@
Are you sitting on a crooked chair? Slanting floor? Aboard ship?
Just trying to diagnose your “slanties”.
I Report (-: You Whine )-: mmm, mmmm, mmmmm! Just sayin...
October 23rd, 2012
2:45 pm
kookman looks like an electrocuted Tom Petty with Alzheimers, and then he rolls right into the DNC talking point babbling lunacy freak show, so I guess nothing has changed.
She’s still in love with her little token, regardless.
getalife
October 23rd, 2012
2:46 pm
“The reality is that if the feds hadn’t put up the loans needed to keep those two companies afloat, they would have gone into liquidation, not reorganization. Chaotic sell-off, not managed bankruptcy. And such a collapse could have taken with it companies that provided critical parts to all U.S. auto factories” LATimes.
Tiberius - pulling the tail of the left AND right when needed
October 23rd, 2012
2:50 pm
I see, getalife.
@@ and I provide facts to back up our (and Romney’s assertions, and you put up your opinion, and that of the LA Times.
There is a difference between fact, getalife, and opinion.
And you don’t know that difference.
getalife
October 23rd, 2012
2:51 pm
mitt was dead wrong like our President said but losing another million jobs to make it 10 million lost jobs does not bother him. Bain made money that way. He loves to fire 47% of the American people.
He would be worse than w.
Dusty
October 23rd, 2012
2:52 pm
getalife,
In case you haven’t heard, Bookman has a “nice” blog where you can rant and rave, stretch the truth and canonize Obama. .It’s a perfect fit for you.
Don’t miss such a golden opportunity by posting here.
@@
October 23rd, 2012
2:57 pm
Getalife:
Chaotic sell-off, not managed bankruptcy.
Romney wasn’t proposing a chaotic sell-off. He’s was proposing a MANAGED BANKRUPTCY!
See: A managed bankruptcy may be the only path to the fundamental restructuring the industry needs.
Other companies have done it and lived to see a better day.
Are you saying GM was/is incapable?
getalife
October 23rd, 2012
2:58 pm
mitt’s first position was “Let Detroit go bankrupt”.
After the bailout worked the spin and bs began .
You cons are easily fooled.
.
@@
October 23rd, 2012
3:00 pm
Getalife used to see the flaws within both parties. Now he only sees the flaws in one…the GOP.
I fear Getalife has fallen off the cliff into the left’s Utopian Valley.
Tiberius - pulling the tail of the left AND right when needed
October 23rd, 2012
3:01 pm
“mitt’s first position was “Let Detroit go bankrupt”.”
Again not true.
That was a title of the opinion piece, not his plan.
You are easily fooled.
@@
October 23rd, 2012
3:04 pm
Getalife:
Mitt’s original statement was made in 2008….
http://www.nytimes.com/2008/11/19/opinion/19romney.html?_r=1&
last two paragraphs.
md
October 23rd, 2012
3:06 pm
“If no money from the private sector, then what?”
Guess we’ll never know since this president is a gov’t as a first option kind of guy…….that is unless they need to do it again a la Chrysler…….how many times should a gov’t bail out a single company?
Now that Obama sold them to the Italians, I sure hope we’ve eliminated the 3rd time is a charm possibility.
@@
October 23rd, 2012
3:06 pm
I liked the other Getalife better. I could, at least, agree with some of what he said.
getalife
October 23rd, 2012
3:07 pm
The truth is that Romney was advocating for private bankruptcy at a time when banks weren’t lending. Credit was frozen.It would fail.Government loan was the only solution.
w agreed with our President but wanted no strings attached like with the banks. Our President’ s bailout had strings attached. Do you know what the strings attached are since you think you are informed?
Do tell cons.
JDW
October 23rd, 2012
3:07 pm
@Tiberius…”Romney ALWAYS said he’s use government guaranteed loans if the private sector didn’t step up.”
Of course you leave out the small fact that NO ONE was willing to make a guaranteed loan at the time and IT WAS TRIED…
What Mittens himself said was….
“The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk.”
Please note the “post-bankruptcy” part, without government financing there is no post bankruptcy. Of course Tiberius won’t be able to grasp that fact so from Bob Lutz, Republican and Romeny supporter…
“”He thinks we didn’t try to borrow money from the banks?” Lutz told the Detroit Free Press in February. “The banks were even more broke than we were. Who had the money?” ”
Romney’s plan would have led to liquidation pure and simple.
getalife
October 23rd, 2012
3:09 pm
@@,
The old getalife will be back after this election.
Tiberius - pulling the tail of the left AND right when needed
October 23rd, 2012
3:09 pm
““If no money from the private sector, then what?””
curious, you DO know what government guarantees do to money availability, don’t you?
It frees up money in tight times.
‘Cause it’s, you know, guaranteed.
@@
October 23rd, 2012
3:13 pm
Getalife:
I regret to say that my view of you has been tainted over the years.
If anything, you SHOULD be a libertarian looking to free yourself from government.
getalife
October 23rd, 2012
3:13 pm
Ohio will vote for our President because he saved their jobs.
Keep lying and trying but they already made up their minds.
Our President will win Ohio and this election.
16 is not too far away.
Try honesty and patriotism.
It is the American way.
stands for decibels
October 23rd, 2012
3:14 pm
I do believe we voted in 2010 too……right? Both “sides” had a chance to “win” that lottery…
Obviously I was indulging in a bit of snark, but I do bristle a bit when I hear “the people” invoked to describe a process that can be incredibly anti (small “d”) democratic.
Tiberius - pulling the tail of the left AND right when needed
October 23rd, 2012
3:15 pm
See my 3:09 for a reality check,JDW.
getalife
October 23rd, 2012
3:15 pm
@@,
Sadly, I watched you move right way out of the main stream.
Come back to the left a little in the real world @@.
Tiberius - pulling the tail of the left AND right when needed
October 23rd, 2012
3:16 pm
Well, getalife has been caught and has run out of arguments, so he brings out the same, tired patriotism meme.
md
October 23rd, 2012
3:18 pm
“The truth is that Romney was advocating for private bankruptcy at a time when banks weren’t lending. Credit was frozen.It would fail.Government loan was the only solution.”
Must be forgetting that romney comes from the land of “private” equity……..banks aren’t the only option.
md
October 23rd, 2012
3:20 pm
“Obviously I was indulging in a bit of snark, but I do bristle a bit when I hear “the people” invoked to describe a process that can be incredibly anti (small “d”) democratic.”
I guess it wasn’t as obvious as intended, but even that process was voted on…….the “people” had the option of showing up in droves to make the difference……one side chose not to.
getalife
October 23rd, 2012
3:21 pm
md,
Private sector said no so government said yes.
Do you know the strings attached for this bailout?
@@
October 23rd, 2012
3:22 pm
Getalife:
And if you wanna be truly objective, Obama was just riding George Bush’s coattails on GM’s bailout. Bush provided short-term bridge loans
I parted company with Bush when it came to bailing out anyone.
Bailouts ain’t my thang!
md
October 23rd, 2012
3:27 pm
“The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk.”
“Please note the “post-bankruptcy” part, without government financing there is no post bankruptcy. Of course Tiberius won’t be able to grasp that fact so from Bob Lutz, Republican and Romeny supporter…”
Bad assumption……..the “post” part merely refers to after it is taken into bankruptcy…….and I’d hazard to guess there would have been several takers on gov’t guaranteed loans from private equity, to include foreign investors………..what did most of them do with their money anyhow? Put it into gov’t treasuries paying next to nothing in the way of return………seemed to be a no brainer if the feds were going to backstop it.
getalife
October 23rd, 2012
3:27 pm
@@,
There ya go.
This is a good opportunity for w to set the record straight but he is chilling in Dallas.
Ford was upset because they had money but would lose auto part industry and that would end Ford.
Private equity like Bain said no loans so w agreed to bail them out with no strings attached like the banks. Our President took over the bailouts and added strings. Do you know what they were?
Tiberius - pulling the tail of the left AND right when needed
October 23rd, 2012
3:28 pm
“Private sector said no so government said yes.”
Private sector said no because there were no government guarantees offered, getalife.
It was much easier for Obama to short-circuit the private-sector solution and put together a sweetheart deal for his union backers and stick it to the investors of GM.
@@
October 23rd, 2012
3:29 pm
Getalife:
GM can now make fewer cars and remain profitable. The big question remains…who can afford those cars? Not many.
The Treasury Dept has admitted that $23 billion of that loan will never be paid back. That’s $23 billion in taxpayer loans. Perhaps that’s because $21 billion went to the union’s retiree health benefit fund.
I don’t belong to a union. Why the heck am I paying for one?
getalife
October 23rd, 2012
3:32 pm
@@,
No, try again.
What strings are attached to the auto bailout?
@@
October 23rd, 2012
3:34 pm
Getalife:
Did you miss the part where I said I parted company with GWB over his bailouts. I don’t show favoritism when it comes to bailouts. At some point they become a permanent solution to what would otherwise be a short-term problem.
GM dilly dallied far too long. They could’ve fixed their own problems long ago.
Tiberius - pulling the tail of the left AND right when needed
October 23rd, 2012
3:38 pm
Here’s a nice take on what really happened with the GM bailout. Biased, to be sure, but it has some meat on it.
http://www.nationalreview.com/articles/316379/democrats-gm-fiction-editors#
JDW
October 23rd, 2012
3:38 pm
@Tiberius..which part of they tried the guarantees and no one bit are you missing? See Lutz for perspective.
Just because you believe your own nonsense doesn’t mean the rest of us will…
getalife
October 23rd, 2012
3:40 pm
The dems added the strings to the auto bailout and you will enjoy more miles to the gallon and green energy jobs to produce green energy cars.
We are second to China in investing in green energy but some will fail like the Internet. Look at the ones that are making it not the ones that fail.
Those are job creators.
Vote Democrat,,,Beats Using Your Brain
October 23rd, 2012
3:41 pm
Don”t you guys know better than to engage getalife? He has his head so far up Obama, if getalife sneezed, he would hit Obama’s hemorrhoids. He’s just too far gone
@@
October 23rd, 2012
3:42 pm
Getalife:
What strings are attached to the auto bailout?
They had to contribute to contribute to Obama’s campaign?
Bush’s bridge loans were temporary. He was on his way out.
Obama was in it for the big haul.
schnirt
Hillbilly D
October 23rd, 2012
3:43 pm
No matter which of these two wins, the doo doo is going to hit the fan about March or April, in my opinion.