Socialist Democrats

[500,000]

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[DomainsInc]

you better stay away from social networks too. they have that horrible evil buzz word in them!

[500,000]

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[Gerry]

Does your announcement/thread include your assessment of pre-obama or are you just slamming the government from the moment Obama took office?


Bush announces auto rescue
Government to loan GM and Chrysler $13.4 billion from Wall Street
bailout fund so that the embattled auto firms don't run out of cash.
December 19, 2008:

GM: Almost out of cash
No. 1 automaker posts huge loss - says it has
made case to Washington for rescue.
November 26, 2008

GM, Ford get in line for government funding
Sep 17th 2008

GM, Ford, Chrysler ask Congress for billions in help
12/3/2008

Detroit wants its bailout too
GM, Chrysler, and Ford want at least $25 billion
in guaranteed loans; critics want to know where the money is going.
September 18, 2008

Vote: Should the Federal government bail out the Big Three?
Wednesday July 30, 2008

Auto bailout, round 2: Big 3 - GM, Ford, Chrysler - keep begging for $34B government bailout
December 4th 2008

Coming to Detroit's Rescue?
Ford, GM, Chrysler Eligible for Aid Under Bailout Law, Treasury Says
October 28, 2008

Remember the Paulson Plan?

You know, that law passed authorizing him to spend up to $750 at a time, at his sole discretion, and he answers to nobody? Yes, that same law that contained a provision to increase by nearly $3 Trillion the debt passed on to taxpayers.

Here's the White House twist on that bailout we are paying for:

The Bush administration is in negotiations to broaden its $700 billion financial rescue plan to include U.S. auto companies, potentially opening the door to an array of industries to seek federal aid.

Detroit's Big Three are eligible for aid under a broad interpretation of the law that authorized the $700 billion financial rescue, Treasury Department officials said yesterday. But they declined to discuss the details of any assistance.

"The law grants the secretary broad authority to purchase troubled assets that he deems important to improving financial stability," said Treasury spokeswoman Jennifer Zuccarelli.


Auto Industry Gives Sparingly to a Skeptical Congress
November 20, 2008

"In the last two election cycles, the vehicle manufacturers and dealers gave a total of $2.9 million to members of the Senate and House committees that held hearings this week, 58 percent of which went to Republicans.

"Even Sen. Bob Corker (R-Tenn.), the member of the Senate Banking Committee who has received the most from the automotive industry in the last two election cycles ($207,000)...

"Out of all the members on the two finance-related committees that heard the Big Three executives' pleas this week, Rep. Thad McCotter (R-Mich.), received the most from automakers during the last two election cycles, at $32,900.

"In the auto manufacturing industry as a whole, Sen. Elizabeth Dole (R-N.C.) had the most among committee members invested in 2007, ranging between $91,700 and $427,500. In total, Congress had between $1.2 million and $3.2 million invested in automakers last year, with Dingell's assets valued the highest at between $650,000 and $1.3 million.



What would you call these episodes that you conveniently left out of your OP regarding pre-2009Funding...a Necessity or Liberal Media Lies?

What is your term for the then GOP administration running this hand out? Saviors?

Why do you conveniently leave out crucial facts when trying to present your points?

I thank GOD that someone had the balls to step in and say,

"Wait a minute. You are spending money we (taxpayers) give you without any accountability on how you are spending it, where you are spending it (GM send millions to Brazil), on whom you are spending it. We, the taxpayers, want accountability and responsibility as a stipulation on receiving this money"

I could care less if it was a GOP, Dem, Marxist, Nazi, Socialist, Fascist who finally had the balls to stipulate these measures.

Someone finally stood up for the taxpayers after the third handout to the Big 3 in less than 6 months.

Someone finally represented the people...for the people, by the people, of the people.

IF that makes that person or that party socialist for wanting accountability for the billions handed out, then so be it.

Ain't it a damn shame no one applied these same rules to ALL those that got bailout funds?

Just as it is a damn shame that you attempt to make a point and prove your point without providing equal opportunity to the pre-2009 funds doled out.

I guess it is the socialist and liberal in you that gives you the authority to make such a claim.

[Poker]

Maybe I will because I cant afford to go online...unless I beg the Democrats for INTERNET access in my home.

Thank God 500,000 BC is a good old God fearin red blooded right wing American because if I did'nt know any better I'd say he sounds just like a lazy ass whiner that talks much more than he works and blames others for his own lack of success.

[500,000]

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[Raider]

Someone finally stood up for the taxpayers after the third handout to the Big 3 in less than 6 months.

Someone finally represented the people...for the people, by the people, of the people.

Who?

Governor Granholm controlled the income of Michigan for the last 8 years.

Every time someone mentions the Detroit Auto Workers, I reflect back to one of Obama's early speeches that he made outside one of the Auto plants, It was something to the effect that times are changing and these Jobs are NOT coming back.... He pretty gave up on GM coming back, but yet he bails GM out even more to the tune of $30 BILLLION of our Tax Dollars.

Here's a good read on Obama and GM;

Obama Bails Out GM with Our Tax Dollars, Who Will Bailout America?
- Scott Miller

Today Obama used our kids future paychecks to bailout the UAW and GM. During his teleprompter-fed speech today, Obama said this:

Promising “the beginning of a new GM,” President Obama today announced that General Motors was entering bankruptcy protection, and that the federal government was giving it an additional $30 billion, making taxpayers a 60% owner of the auto giant. “Understand we’re making these investments not because I want to spend the American people’s tax dollars, but because I want to protect them. Instead of taking so much stock in GM, we could have simply offered the company more loans.”

Obama continued, “But for years, GM has been buried under an unsustainable mountain of debt. And piling an irresponsibly large debt on top of the new GM would mean simply repeating the mistakes of the past. So we are acting as reluctant shareholders — because that is the only way to help GM succeed.”

The president also stressed that he has no interest in running GM. “GM will be run by a private board of directors and management team with a track record in American manufacturing that reflects a commitment to innovation and quality,” he said. “They — and not the government — will call the shots and make the decisions about how to turn this company around.”


Sooo… let me ask this really silly question… how is it that the brilliant Obama (savior of the world… able to leap over buildings… sorry got of track there) suddenly seems to understand how detrimental massive debt can be? I mean seriously, for fun, let’s swap out the word “America” for “GM”… it would sound like this:

“But for years, America has been buried under an unsustainable mountain of debt. And piling an irresponsibly large debt on top of the new America would mean simply repeating the mistakes of the past. So we are acting as reluctant shareholders — because that is the only way to help America succeed.”

You see, in Obamaland it’s OK to bury the country in debt (as he piles another $10 trillion in Obama debt on the shoulders of our kids) because we can just turn on the printing presses, right? Wrong. The same economic principles about unsustainable debtload that applies to GM, applies to the United States government. So the question must be asked… who will bailout America?

Also, calling the new GM board a “private board of directors”, is an out-and-out lie. With the American and Canadian governments appointing the vast majority of the directors to the board, there is nothing “private” about it. He just wants to be able to blame someone else, “the private board”, when this whole thing fails again.

Obama is so arrogant with his say-one-thing-and-do-another approach, it’s just plain silly now. How he can think anyone, other than Pravda (our MSM), believes him when he says ‘he doesn’t want to run GM’ is beyond me… that is exactly what he wants to do, and that is exactly what he will be doing.

And at the end of the day, this is just delaying the inevitable… GM is toast, both the old GM and the new GM. Americans will instinctively turn away from buying vehicles made by the government… same holds for the new Chrysler. Our tax dollars are being thrown down a rat-hole.

Seems to me Ford has a tremendous opportunity to gain mega market share here… let’s see if they can get their act together enough to capitalize on it.

[500,000]

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[Area52]

you better stay away from social networks too. they have that horrible evil buzz word in them!

Yea, socialist is so passe. Conspirator is a more apt description.

[HasRob]

I'm not religous at all, but me and Buddah are LOL

[DomainsInc]

Yea, socialist is so passe. Conspirator is a more apt description.

yeah, just keep pushing the boundries until its laughable.

[katherine]

You guys are making a fuss about peanuts
http://www.costofwar.com/

[think]

You guys are making a fuss about peanuts
http://www.costofwar.com/

simple and to the point. thanks for the link.

[Raider]

You guys are making a fuss about peanuts
http://www.costofwar.com/

Just over $1 TRILLION fighting 2 wars since 2001? Not bad.

$3 TRILLION spent and added to the National debt in only 18 Months? DISGRACEFUL.

If generational theft were a crime, Obama and Democrats would be behind bars.

thanks for the link.

I concur

[Gerry]

Edit:

It seems selective truthfulness is quite the norm.

Selective memory serves the purpose of the ignorant.

Fact is nearly 3 Trillion added to debt in final 6 months of W.

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation
Politics / US Debt
Jul 25, 2008 - 12:04 PM
By: Peter_Schiff

With President Bush no longer threatening a veto, the subprime mortgage and Fannie and Freddie “bailout” bill is now sailing through Congress. In anticipation of its enactment, Congress had the foresight to raise the national debt limit to $10.6 trillion. Who says that politicians don't plan ahead?


September 2008
This little provision was slipped into the bailout bill (published on nytimes.com):

Sec. 10. Increase in Statutory Limit on the Public Debt.
Subsection (b) of section 3101 of title 31, United States Code, is amended bystriking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000


Do you know what Subsection (b) of section 3101 of title 31, United States Code refers to as being striking out?

Sec. 3101. Public debt limit

(a) In this section, the current redemption value of an obligation
issued on a discount basis

[[Page 150]]

and redeemable before maturity at the option of its holder is deemed to
be the face amount of the obligation.
(b) The face amount of obligations issued under this chapter and the
face amount of obligations whose principal and interest are guaranteed
by the United States Government (except guaranteed obligations held by
the Secretary of the Treasury) may not be more than $8,965,000,000,000,
outstanding at one time, subject to changes periodically made in that
amount as provided by law through the congressional budget process
described in Rule XLIX \1\ of the Rules of the House of Representatives
or otherwise.

And, not only are two wars not funded but the Medicare prescription Bill passed in 2006 has never been funded, costing taxpayers Billions of dollars.

Bushed raised the national debt at least seven times while president over his eight years to nearly double what it was when he entered office.

From January 20, 2001 (W's first inauguration date) until January 20, 2009 (O's first inauguration date)

01/19/2001 5,727,776,738,304.64
01/20/2009 10,626,877,048,913.08
85.53% INCREASE


01/20/2009 10,626,877,048,913.08
10/15/2010 13,665,926,643,255.96
28% INCREASE

http://www.treasurydirect.gov/NP/BPD...application=np

It absolutely infuriates me when I hear or read the b*tching and whining about all the debt Obama is leaving our Children and grandchildren.

Look at the rotten blooming f*cking onion legacy Bush left us!

The data is there, it is a matter of public record, and the numbers are there for all to see.

Now, for those that would rather look at pictures rather than read, here's a pretty picture:

http://www.lafn.org/gvdc/Natl_Debt_Chart.jpg

---------- Post added at 06:48 PM ---------- Previous post was at 06:01 PM ----------

Also, not to detract from the numbers but it took O nearly 1.75 years to spend the same amount, nearly 3 trillion, that took W less than 4 months to burn thru - and that still was not enough to cover the real debt W ran up.

[Raider]

Doc sure like's using Smoke and Mirrors doesn't he?, In this case the "Debt Ceiling"

Obama and Congress raised the Debt Ceiling too, does he tell you that? of course NOT..... He voted for Obama remember?, he's not going to trash someone he voted for!, his EGO wont allow it.

Well, here it is;

U.S. President Barack Obama has signed a law that will allow the U.S. to borrow nearly $2 trillion more than before.

Now let's get to the REAL numbers shall we?.

Here are the FACT'S regarding the National Debt;

The Debt was $5.727 TRILLION on Bush's first day in office, On the day Bush left, the Debt was $10.626 TRILLION.... That's a FACT.

Which means under Bush, the National Debt increased $4.899 TRILLION.

Source: CBS News.


Bush added $4.9 TRILLION to the National Debt over a 8 YEAR PERIOD, If Bush signed off on adding $3 Trillion the National Debt like Doc say's he did in his final 6 Months, that would mean Bush added $1.9 Trillion to the National Debt over a 7 1/2 year period. Which is in far contrast to Obama adding $3 TRILLION to the National Debt in a 18 Month period and GROWING....

Obama's 2010 budget had a $1.294 TRILLION Dollar Deficit... And his 2011 Budget is projected to have a $1.56 TRILLION Dollar Deficit... What A-hole said last week we need to be more fiscally responsible? Oh yeah... Obama.

From the time Obama took office, The National debt was the same as Bush left it, $10.626 TRILLION.

Today the National Debt is $13.6 TRILLION and GROWING.
http://www.usdebtclock.org/

This means that in a 20 month period, Obama and Democrats INCREASED the national debt $3 TRILLION DOLLARS.

Again, this was in a 20 MONTH Period.

If Obama were to stay in office for a full 8 years like Bush did and he continued his reckless spending at the same rate, Obama would be adding $14.4 TRILLION Dollars to the National debt, making our National Debt grow to 25 TRILLION Dollars.

And yet our Resident Liberal cries about the past, cries about Bush's adding $4.9 Trillion to the National Debt, while defending a reckless President who is on track to spend 3 TIMES that amount.


Now most Republicans including myself were AGAINST the TARP bailouts, AGAINST Bailing out Wall Street and the Auto industry, but it happened and all the b*tching in the world isn't going to change that...

What we can change is this rampant, reckless and wasteful spending by Democrats and the President, by voting these career a-hole politicians OUT of office, They're the root of all our problems with regard to the economy, they believe by increasing Taxes for business, Forcing business to purchase Health Care for employees, Raising the Capital Gains tax, Imposing a carbon tax, that in some way it will create jobs and grow the economy....

Maybe these Socialist A-holes can explain how that works to the 4 Million Americans who lost their jobs under this President's FAILED policies... I doubt that will ever happen, the only thing they will tell them is where to stand in line for a Government handout.

Also, not to detract from the numbers but it took O nearly 1.75 years to spend the same amount, nearly 3 trillion, that took W less than 4 months to burn thru - and that still was not enough to cover the real debt W ran up.

The big difference is Bush spent most of that $3 TRILLION on TARP and were getting a lot of that money BACK..... Banks have already re-paid over $100 BILLION the last time I checked.

On the other hand, the $3 TRILLION Obama burned through was WASTED away on States, Unions and Universities and Budget deficits, That we will NEVER get back.

When you talk about BURNING through Money, Obama does it literally.

It absolutely infuriates me when I hear or read the b*tching and whining about all the debt Obama is leaving our Children and grandchildren.

Why would this infuriate you when it's 100% TRUE?

Obama ADDED $3 TRILLION Dollars to the National Debt, Who do you think will have to pay that?

NOT a old fart like you that's for damn sure.