Are we jerks because we don’t wave the Obama flag? To be fair, I don’t wave a flag for any pollitician. Although I did call Obama a crook, in his defense, they all are. He is no exception. I do think he is the least of the evils, but by no means do I wave his flag.

I too will buy a Volt regardless of who makes it. I also remember $4 gas. I however do not feel burned by Exxon. Selling a product for the highest price the market will bear is the heart of Capitalism. Right or wrong, that’s the way it is. When you work for a company, don’t you want to be paid every penny you are worth? If you were selling a product for a living, would you sell it for less just to be a

Their margin (profit per dollar) was actually quite small for a fortune 500 company. Just the sheer increase in the price of oil made net income and profits obscene.

People WILL buy the Volt even if it is just to get off of oil. They’ve been burned by Exxon and won’t soon forget $4 a gallon gas. The only thing that will make people hesitate is knowing what GM did to the EV and being worried they’ll try that BS again.

The next car I buy WILL be electric. Period. No exceptions. And whether it’s from GM or Tesla, I don’t much care. And whether it’s from government funded sources or private, I don’t care either. As long as it’s electric and I can afford the payments, I’m buying it. And I am not alone.

*VERY proudly waving the Obama flag*

Are you kidding me? First off, Bush probably isn’t smart enough to figure this out all on his own. Second, Congress (both houses, both parties) overwhealmingly passed this measure.

The Democrats have dodged a HUGE bullet. I blame a lot of our current problems on ACORN pressuring banks into more sub-prime lending, Fannie and Freddie being “forced” to increase their sub-prime lending percentages by the Senate Housing Committee, and poor oversight by the same committee.

Fannie and Freddie have long been cash cows for the Democrats. I honestly believe Chris Dodd and Barry Frank are (were) afraid of them. I also believe that, because of his unpopularity, Bush is being blamed for everything.

President Bush’s main failing on the economy is not paying any attention to it until it was too late. Secondly, he spent up his pollitical capital and credibility in Iraq and had none left to tackle this issue.

The Republicans in Congress have been in the Minority since 2006. Many warned about the housing bubble and their words were not heeded. Even as recently as early 2007, Chuck Schumer was balking at any mention of a housing bubble.

You people waving the Obama flag make me sick. He is a crook like the rest of them. He was number three on Fannie’s contribution list. All that and he wasn’t even in Congress for two years.

Now there is plenty of blame for everyone including dumbass homeowners who would knowingly sign a five year ARM on a home that they cannot afford. People working at or near minimum wage should probably not own a home. Let alone a 3,000 square foot one with stainess steel appliances and granite countertops.

I certainly do wish Obama well, but I have no false illusions that he is somehow “better” than the rest.

#116 jefro “Didn’t Obama promise to tax these big companies and rich people????”
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At one time Obama proposed to increase the income tax rate on corporations. Of course, if a corporation has no income, it pays no income tax. That’s the case for GM and, actually, right now a remarkably high fraction of all corporations.
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I agree RB, That’s why the Republican plan to cut corporate taxes in order to spur the economy was a complete fallacy. It only helps companies that have substantial profits right now in our current economic slump. Right now, that list is very short, and is heavily over-represented on the top by oil companies and companies that produce oil drilling related goods and services.

Corporate tax cuts don’t provide an ounce of help to small LLC’s that pay taxes through the owner/operator’s personal income taxes.

Corporate tax cuts don’t provide help even to large companies that aren’t making profits.

It was an idea that would have worked in the 1980′s, but not in our current economic situation.