In defense of the auto industry, If feel confident that the money will be repaid in full. Demand is outpacing production now. Automakers are now beginning to add shifts and it looks as if the austere management practices and labor union compromises will allow for profits in that industry. And getting people back to work is a good thing...right?

Last I saw it was half of 80 billion was still owed.

 

This is a daily link to the status of the bailout money.

 

http://www.treasury.gov/initiatives/financial-stability/briefing-room/reports/tarp-daily-summary-report/TARP%20Cash%20Summary/Daily%20TARP%20Update%20-%2002.28.2012.pdf

 

GM has paid back about 40%.

Chrysler roughly 75%.

This is a daily link to the status of the bailout money.

 

http://www.treasury.gov/initiatives/financial-stability/briefing-room/reports/tarp-daily-summary-report/TARP%20Cash%20Summary/Daily%20TARP%20Update%20-%2002.28.2012.pdf

 

GM has paid back about 40%.

 

Chrysler roughly 75%.

 

Most of the unrepaid balance at GM is in the form of common stock. That is a valuable asset. We'll see what the loss is when the stock is sold.

This is a daily link to the status of the bailout money.

 

http://www.treasury.gov/initiatives/financial-stability/briefing-room/reports/tarp-daily-summary-report/TARP%20Cash%20Summary/Daily%20TARP%20Update%20-%2002.28.2012.pdf

 

GM has paid back about 40%.

Chrysler roughly 75%.

 

How about setting the law-breaking precedent of bypassing establish bankruptcy law. There's no other way too look at it. The administration stole from legal shareholders and gave to the UAW and others. Is this an accomplishment?

 

Last I checked it was never the govt's job to steal from one set of constituents in order to give to another. At least taxes generally have legislation that created them.

 

Or how about the precedent that if you're a very large American corporation employing loads of Americans, you can be as lazy as you want, for as long as you want, because the Federal gov't will come along to rescue you with tax-payer dollars in the end. Oh, and they'll give you additional help by sicking unelected bureaucrats & their bureaucracies on your competition, who had been working hard to make a superior product all those years you'd been sitting on your collective arse.

Edited February 29, 201214 yr by ft bronc

In defense of the auto industry, If feel confident that the money will be repaid in full. Demand is outpacing production now. Automakers are now beginning to add shifts and it looks as if the austere management practices and labor union compromises will allow for profits in that industry. And getting people back to work is a good thing...right?

 

Getting people back to work is a good thing...... to a point. Read The Auto Bailout and the Rule of Law > Publications > National Affairs. A whole lot of people and financial institutions got royally shafted in those jobs being kept and years of bankruptcy and secured lending law were cast aside.

 

As for the number of illegals decreasing (which you mentioned in another post) I don't consider that an accomplishment of President Obama. Such is due, from what I've read, as a result of jobs not being available to the illegals (because of the suffering economy) and due to stronger enforcement by, and stronger laws of (some of which have been opposed by the Obama Administration) the border states.

Getting people back to work is a good thing...... to a point. Read The Auto Bailout and the Rule of Law > Publications > National Affairs. A whole lot of people and financial institutions got royally shafted in those jobs being kept and years of bankruptcy and secured lending law were cast aside.

 

This, IMO, is the most under-reported & underappreciated aspect of the entire bailout.

 

As for the number of illegals decreasing (which you mentioned in another post) I don't consider that an accomplishment of President Obama. Such is due, from what I've read, as a result of jobs not being available to the illegals (because of the suffering economy) and due to stronger enforcement by, and stronger laws of (some of which have been opposed by the Obama Administration) the border states.

 

When the housing bubble burst decimating the residential construction industry in places like Arizona & Las Vegas, it eliminated a major source of jobs for illegals. This not only reduced incentives for new illegals to come here, but actually caused some to return.

This is a daily link to the status of the bailout money.

 

http://www.treasury.gov/initiatives/financial-stability/briefing-room/reports/tarp-daily-summary-report/TARP%20Cash%20Summary/Daily%20TARP%20Update%20-%2002.28.2012.pdf

 

GM has paid back about 40%.

Chrysler roughly 75%.

 

Thanks, that's what I had seen a little while back, didn't know if it had changed any.

I'll count this one as well.

 

North Korea agrees to moratorium on nuclear activity at Yongbyon, its major nuclear facility, U.S. State Department says.

The difficult thing to do here is list what we think, and have most of you find it acceptable, obviously. I listed what I thought, and there everyone goes trying to tear it all apart. The reality is, I look at the same data and find that I feel that overall, the issues I've addressed are successes, while most here on BGP disagree.

The difficult thing to do here is list what we think, and have most of you find it acceptable, obviously. I listed what I thought, and there everyone goes trying to tear it all apart. The reality is, I look at the same data and find that I feel that overall, the issues I've addressed are successes, while most here on BGP disagree.

 

Absolutely. Which is why I asked what qualifies as legit documentation. I knew it wouldn't matter. I'll continue to see what I believe are the successes and others on here will continue to tear it apart. No surprises here. :lol:

His real healthcare reform hasn't really started yet. Only a few changes were made.

The difficult thing to do here is list what we think, and have most of you find it acceptable, obviously. I listed what I thought, and there everyone goes trying to tear it all apart. The reality is, I look at the same data and find that I feel that overall, the issues I've addressed are successes, while most here on BGP disagree.

 

That's pretty much what makes a blog run, particularly those covering politics. There will always be differences of opinions on much of what Washington does.