flyingfish2: Well, is this just a shell game or what?Where did the money to repay the loan come from?GM has not turned a profit since their bankruptcy as far as I can tell. Apparently during the bankruptcy, GM’s $40b dollar loan was reduced to like the $6b that they repaid with part of the remaining $40b. Is this true or false?  

It’s called cashflow.

Steve Martin: It’s definitely continuing to look like a good decision to have loaned GM the money and invested 50 billion in stock.  

And how many Republicans and right-wing wackos thought it was a good idea when they demagogued against “bailing out” GM? Hypocrites are just stupid and don’t admit it.

flyingfish2: Well, is this just a shell game or what?Where did the money to repay the loan come from?GM has not turned a profit since their bankruptcy as far as I can tell. Apparently during the bankruptcy, GM’s $40b dollar loan was reduced to like the $6b that they repaid with part of the remaining $40b. Is this true or false?  

It’s called cashflow.

Steve Martin: It’s definitely continuing to look like a good decision to have loaned GM the money and invested 50 billion in stock.  

And how many Republicans and right-wing wackos thought it was a good idea when they demagogued against “baling out” GM? Hypocrites are just stupid and don’t admit it.

drivin98: Yes, we should all hope he fails at everything because it’s better to have a heart full of hate than a decent country to live in.  (Quote)

If Obama fails the country succeeds. I want the country to succeed. For better or worse that means Obama has to fail for this to happen.

Cap and Tax (trying to get it through)
Obamacare
Buying major US car companies
VAT tax (he’ll try)
and much more government takeover and taxation of the private sector moves us inch by inch in the direction of less freedom and greater socialism.

These policies will NEVER create jobs. You tax anything and you get less of it not more. The only way we come out of this recession is by getting government out of the way of the private sector as much as possible.

Barney Frank, Chris Dodd and the rest of the Democrats that were trying to do a good thing by allowing Fannie and Freddie to underwrite subprime mortages for those that had no business created a false upswing in real estate market. Once people started defaulted on these loans the industry collapsed. Wallstreet did what they do by trading these commodities and gets blamed for the recession?

The Democrats are very good at spinning things I’ll give them that. The real story is that whenever you mess with the market (ie forcing banks to reduce lending standards) you create a false demand. The result is always a massive correction in the market (recession). The problem here is that the Big “O’s” policies only further this recession.

The same will happen with healthcare when they try to “fix” prices for doctor’s treatments. The result will be doctors opting out or retiring. You’ll see. Same with happen with Cap and Tax if it goes through.

You can’t arbitrarily “fix” prices. The market decides fair pricing. Have a look at e-bay and you’ll see how pricing for goods is determined. Not by the government.

Like I said for the country to succeed Obama’s policies must fail.

Thank you and good night.