Some commentaries on more bail outs .. government motors is not doing very well they still are not a good producer of autos

Is it me or does anyone realize that the bailout cost us taxpayers $60,000 per job saved in the auto industry? Volkswagen, Nissin, Hundai, Toyota are all still kicking our asses in the market place. Hell, Toyota's Rav4 had a 75% increase in sales last month over last year while GM sucked. The only thing keeping GM afloat is the government's purchase orders for cars. Yes, the USA fleet of government cars have increased drastically since the bailout. So, in a nutshell, we are all still bailing out GM.

I am getting so tired of hearing Obama's line that "HE" saved the auto industry. He made the decision to use OUR tax dollars as capital to bail out the auto industry as an investment. And, like all investments, the measure of success isn't how many jobs were saved but what the return was. The USA government owns a ton of GM stock as collateral. If we sold the stock today, the return would be a LOSS of $35 million USD (Not pesos, amigo).

So, bail out other industries? No way. This guy has to be stopped

Ryan Stewart · Top Commenter · Florida Atlantic University
You are rationalizing.

The auto rescue did save the auto industry. This is very clear.

The goal of the auto rescue was not to make money. It was to save the auto industry. It did just that.


Jason Lee · Top Commenter · Corporate Recruiter at BCBG - BCBGMAXAZRIA
Mike: Hyundai, VW, Nissan, Honda, Haier, POSCO and just about any other major manufacturing conglomerate based in Europe and Asia work in alliance with their respective governments. The fact that some ideologues in this country cling to an out moded view of the world is only making things harder for us in the US to properly compete with our global manufacturing competitors.

In China, we see a Totalitarian government that practices a form of Capitalism that is even more free market than what we practice in the US in many regards. For instance, they really do not have environmental laws, labor laws, or copyright laws. Yet, the Chinese Government and private industry works in close coordination with each other and often the government and key players in government have ownership stakes in the types of businesses that compete w...See

Ryan Stewart - If you have to say 'this is very clear' it's not. Spin as you like, it was a failure that was nothing more than buying jobs for a year or two before you need to buy them again.

Ben Suchy · Top Commenter
Bailing out industries doesn't solve the problem of their failing in the first place. All it does is socialize the economy.

Johnnie Flukie Redding · Top Commenter · Works at Detroit Steel
Oh God that clown is so funny.
1. GM and ChryFiat's so called roaring sales are due to Ally Bank subsidizing 32 month vehicle leases at 30% of their true cost. How else do you get a 2012 Cadillac for $319 per month for 32 months or some garbage Chevy product for $112 per month?
2. $60 Billion in cash and another $100 Billion in indirect funding thru bond purchases by the Fed have kept those companies barely alive.

Tami McDonald · Top Commenter · Heritage Academy
Johnnie Flukie Redding Not to mention an ALARMING increase in sub-prime auto loans being generated by GE's Auto Financing arm to inflate their sales by selling cars to people who can't afford them. (Sound familiar?_

Michael D Wiley · Top Commenter
Johnnie Flukie Redding Exactly. And GM sales, such as they are, are to the government.

Robert Hicks · Top Commenter
He is insane. That was no success. Not even close. And now we know what was forced on the non-union workers. Oooops...no retirement.
Reply · 250 · Like · Follow Post · 2 hours ago

Ryan Stewart · Top Commenter · Florida Atlantic University
You are delusional.

The auto rescue was a huge success. You, like many other cable news drones, are rationalizing.

For example, without the auto rescue, there would have been no retirement for any workers. In fact, there would not have been work, or workers.

Thinking things through certainly is not a popular pastime in the right wing. IJS.

Wojtek Lachowski · Cornelius, North Carolina
Yeah, that success cost taxpayers $42 billion and counting. Yay for saving UAW's pension plan and killing +100k jobs in the dealerships Obama ordered closed

Splinter Baker · Top Commenter · Leader Of THE NINJA TURTLES! at Ninjitsu Master, CEO of TMNT
@Ryan Stewart You are a god damn idiot, and i'm PROUD to rationally be saying that.

Paul Singer · Subscribe · Top Commenter · President at Singer Financial Corp.
bailout was the largest theft of american wealth/net worth in history... pure and simple Obama the great theif.

bailout cost Americans $60,000 per person on average

Daniel Carothers Tracht · The University of Chicago
I have no idea where you are getting your numbers. According to Fox News, the bailout of the auto industry cost 95 billions dollars:

http://www.foxnews.com/opinion/2012/05/18/what-gm-bailout-rea...

Which when divided by the population of the country (about 300 million) that leaves under $317 per person.

Autrey Lisa · Top Commenter
you know, 2 of his best friends, tony rezko and dan frawley are in prison. look it up people if you don't believe it. i never would have dreamed that America would elect a president whose mom had communist political leanings and Obama himself said as a state sentator in an interview, he has "marxist ideals". is this really where we want to be going?