LOL GM says Romney is living in parrel universe
 

Despite Chrysler correcting Romney 2 times now on his add claiming they are moving all Jeep production to China, when in fact they are doing so well they are 'expanding'. Romney keeps running these adds and saying it at speeches, he's even since added the same thing to radio continuing the lie. At this point it's not even a twist of information it's an outright lie.

Well now he has claimed things about GM as well by saying the bail out ruined them and the auto industry. This was their response...


GM: Gap between Romney & 'Reality'

"We've clearly entered some parallel universe, campaign politic at it's cynical worst.."

"At this stage, we're looking at Hubble telescope-length distances between campaign ads and reality"

lol that's a direct quote from General Motors in response to Romney's bull shit adds. :1orglaugh

I know this wont matter to you right wing blow hards, I mean what's one more Romney lie when you can just blame Obama for something instead to justify Romney's lies. But we are still going to point and laugh at you guys anyway.

Romney camp aren't to smart...

How much money did GM get from the bail out thru Obama?

Don't really care what they have to say, the company got a free ride, they haven't come close to paying back what they owe

This guy will say anything to get the presidency. If we put him in office we deserve what we get :2 cents:

What Romney didn't realize is these are active companies with brands to protect. When you go and run a bunch of commercials saying they are moving Jeeps to China, of course those companies are going to fight back. A big part of Jeep's brand image is being an American icon. They have to fight back against these claims to protect their brand image.

That didn't stop Levis

:1orglaugh:1orglaugh:1orglaugh:1orglaugh

On December 19, 2008, a week after Republicans in the Senate had killed a bailout bill proposed by Democrats, saying it didn’t impose big enough wage cuts on the U.A.W., Bush unilaterally agreed to lend $17.4 billion of taxpayers’ money to General Motors and Chrysler, of which $13.4 billion was to be extended immediately. He had to twist the law to get the money. Deprived of congressional funding, he diverted cash from the loathed TARP program, which Congress had already passed, but which was supposed to be restricted to rescuing the banks. “I didn’t want there to twenty-one-per-cent unemployment,” he said to a meeting of the National Automobile Dealers Association in Las Vegas last month, explaining why he acted as he did. “I didn’t want history to look back and say, ‘Bush could have done something but chose not to do it.’ ”

Whoops

http://www.newyorker.com/online/blog...to-makers.html

So risk $17.4 billion already out there or get them back on their feet and work on getting that money back?

http://www.politifact.com/truth-o-me...-says-auto-co/

GM still has about a $25 billion liability to taxpayers and our equity in the company is worth half that right now. GM was number 1 in the world in auto sales in 2011 though... some of that thanks to the earthquake in Japan, but the company is still strong again.

So the rough math in my head says that if we liquidated our GM holdings out of close to $90 billion about $15 billion or so would be lost if we backed out today. Meanwhile 2 of the 3 companies in the largest manufacturing segment in our economy didn't go under.

It's really a tough decision. Letting a company like that fail is letting all of those people lose their jobs, in an area where they're never going to find the same job somewhere else for the most part. On the other hand, it was failing for a reason. Yea, mother nature fucked up Japan so they came back a bit, but unless they're actually running the business a different way now (which who knows, maybe they are), we may be in this position again with them soon.

That said, we've given a shitload more to financial institutions which provide absolutely nothing but debt to people. How many people have gone bankrupt with absolutely no help based on bad investments, and the economy got fucked thanks to these institutions not only making bad investments but championing them and even hiding how bad they were, and we fucking rewarded them for it.

In comparison to that, the GM stuff seems pretty mild.

Didn't China buy Hummer from GM?

No, deal fell through and they shut it down. GM had several companies to sell that nobody wanted.

Romeny sounds so desperate. Say anything to win.

Romney lives in some parallel universe where large dogs carry small women around in purses.

You seem confused between a bailout and a loan.

A loan is when a company pays interest and returns the money.

A bail out is what President Bush did...
$29 billion to Bear Sterns
$300 billion to homeowners
$200 billion to bail out Fannie Mae and Freddie Mac
$150 billion to AIG
$700 billion to TARP

LOL.

and Vendzilla type just gobble it up as iif it was marshmallow ....:1orglaugh

Part of the deal was Obama made them change management and re-structure. Both companies entered into and eventually emerged from bankruptcy.

Yes Bush got 17 billion for GM, Obama upped it to 85 billion and the treasury expects to lose 23 billion.
Oh and GM is not the largest, Volkswagon is

Volkswagen?s 8.16-million figure doesn?t include sales from commercial truck divisions MAN and Scania, according to Automotive News. If the manufacturer added those, it would significantly boost their overall numbers.

?On top of that, GM?s sales figure was padded with about one million sales by Chinese automakers SAIC Motor Corp. and Wuling Motors Co. ? companies with which GM has joint ventures, but in which the American company does not have a controlling stake,? reports Motor Trend.
http://www.theblaze.com/stories/obam...is-number-one/

This is what people do NOT understand. It would NOT of failed. They would of filed bankruptcy and kept going as normal. it happens Every day. We have had several big companies in my town do it, and guess what, it is business like normal.

Treasury says it cost the taxpayers 23 billion that we will not get back, that's not as loan

Hey Shit for Brains, do you ever say anything constructive?
I have barely said anything about Romney here. I don't care for him either

So the numbers are a little off but things are still pretty much exactly what I said.

Next you're going to argue that the $23 billion Treasury is going to lose was the portion Obama gave them and not Bush.

The problem was (at least from what I understand) is that the credit markets seized and the companies found themselves in a jam. Bankruptcy is complex and the same people you owe money to oftentimes will -- if you have a plan -- work with you to get you back to solvency. GM and Chrysler did not have that option when they desperately needed it.

Or maybe the conspiracy theorists were all right that in order to get a one world government the world needs to be on a level playing field so they will lower the status of the US while subsequently raising the status of other counties.

Or maybe...

Or maybe...

Or maybe...

It's easy for us to sit in our living rooms and talk about what we would have done when we know 1/1,000th of what the situation really was.

Time will tell.

No, but I would point out that 23 billion is more than 17 billion

I would also tell you that GM's production of cars in China went up 55% after the bailout. Wow, that's some oversight by the Obama Administration

"Obama lambastes GOP rival Mitt Romney for outsourcing, Government Motors is now planning to invest $1 billion over the next five years -- not in America, but in Russia. That's on top of $7 billion total in China, close to $1 billion in Mexico, and $600 million for a shirt sponsorship deal with Manchester United, the British soccer club."

Great how all that money that was suppose to be spent for shovel ready jobs worked out for the US isn't it

http://townhall.com/columnists/miche...out/page/full/

What has that to do with the point at hand? Absolutely nothing*. Textbook deflection.


*In fact, that can be said about all six of your posts in this thread.


disclaimer: I wouldn't vote for rombama or obamney on a bet.

don't most republicans

GM putting down Obama's rival, sorry you can see the connection

I'm not a republican, I just don't like Obama

And don't forget that when the U.S. govt. gave that money to GM...Obama, in an unprecedented move...called for the CEO of GM to resign.

And then Obama picked his replacement personally and installed him as CEO of GM.

And now the head of GM is attacking Obama's competitor...and that surprises anyone? Wow, Democrats are freakin' DESPERATE for anything these days.

Obama practically owns the head of GM like his bitch.

Does it annoy anyone else when the newscasters report about companies paying back money to the govt. and they say something like: "Company X paid back $50 Billion dollars to the US taxpayers"

And of course what that really means is it goes back in the federal coffers to be used for pork barrel spending by politicians.

As taxpayers we are NEVER going to see that money. lol

But they love to say that when they report it.

When I hear that I start wondering when my check will be in the mail "paying me back".

I was just reading where it was posted on Drudge Report that Obama had a hearing aid on during the debates and that it failed during the first debate?

Teleprompters didn't fit I guess

Hopefully Romney will press them to pay back their bail out and not give them tax breaks when he is President.

http://news357.com/cache/35/353aca8b...8d3df7b87d.png

http://cdn.pearltrees.com/s/preview/...urlId=40639718

http://1.bp.blogspot.com/-tHmXR4D6-x...rrow021312.png

:smilie_we

ADG

man, i so wish that this thing is finally over - i am just afraid that whoever wins, this whole mess will get even bigger

i would agree but if romney didn't run such lies in his commercials, they would have no reason or ground to say anything.

Vendzilla, are you still unemployed?

The worse for the country, the better for me and GOP. My name is Mitt Romney, and I approve this message :winkwink:

http://i.huffpost.com/gadgets/slides...?1351018956000

Great, you can do math.

It was a great idea when Bush did it, but when the other party does it somehow it became a bad thing. Your bashing Democratic president for doing exactly what a Republican president did.

This was something that had to be done to save these companies.

Outstanding. American companies making money in other countries. Maybe next you'll tell us that making or selling cars in Europe is a bad thing too. Your right, American companies should only make cars in the US.


This is called doing business. You expect GM to only do business in the US?

yeah, dont sell cars in China please, Volkswagen has big plans and cannot be bothered with competition ;)

http://www.volkswagenag.com/content/...-+clear+v2.pdf

Obama is ahead in all but 3 battleground states, and ahead in a national average of all recent polls today. Say goodnight, Gracie.

Greatest argument ever. :1orglaugh

Big difference, Bush spent 17 billion, Obama spent 85 billion and GM is not having a lot of success with the key cars Obama wanted. Chevy Volt. I have never had a problem with the government bailing out a big company, it's the lack of oversight that the money wasted
It got tax money bailout because the loss of jobs would have been catastrophic, so then take that money and invest in another country is criminal in my book.

With US tax money, YES!

what cartoon network news feed are you watching?

http://www.rasmussenreports.com/publ...ege_scoreboard

Good night Gracie

I guess you don't know how to read an electoral map.

to me that thing says

Obama 237
Romney 206
Toss-up 95

Your right, there is a big difference. Bush caused the problem, GAVE THEM MONEY and then walked away. Obama is trying to fix the Republican's party screw up and loaned them money.

Huge difference there.

Actually I do, RCP has the score at 201 to 191, Rasmussen has been getting closer. Given that the GOP just moved the district lines around because of the census and the base that got Obama elected last time by getting out the vote and being excited and aren't now. I'd say it's not in the bag for anyone, Dick Morrison is still predicting a Romney victory, and that guy is rarely wrong about his predictions.


Anything but a president that cheats at a debate

yeah, i'd also rather have a president that flat out lies

It's Dick Morris, and he's a Republican windbag(and regular on the Fox News retard circus) --- and if that's the only type of sources you listen to then you'll be feeling great inside your little bubble until Obama wins.

Let me direct you to the site of an actual statistician, who is basically the guru of predicting probable and likely outcomes. You can choose to open your eyes -- or not.

http://fivethirtyeight.blogs.nytimes.com/

Good news for you, every president flat out lies.

from my euro trash point of view this has become ridiculous though



btw

http://www.snopes.com/politics/obama...s/earpiece.asp