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Old 03-08-2016, 08:09 PM
 
2,727 posts, read 2,264,131 times
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Hillary and Bernie are literally tripping over themselves to showcase their support for bailing out the auto makers, which ultimately cost tax payers $10bn. Failure of the automakers really would not have been systemic, and would not have impacted people not working in these industries.

Bailing out Wall Street actually earned the tax payers a return. Also, a failure of the banks would have absolutely have been systemic - and would have impacted many more businesses and individuals than the auto makers failing.

Now you can disagree with the Wall Street bail out, there's no right or wrong answer - but I don't understand how there can be such a double standard - well, of course I understand, it's just political pandering. Hillary was just on stage now and basically said she would bail out the auto industry anytime they needed it.
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Old 03-08-2016, 08:14 PM
 
44,352 posts, read 17,716,609 times
Reputation: 18666
No company should be bailed out by the taxpayers. Let the free market deal with it.

Too bad we don't have a free market anymore. Crony capitalists like Hillary, Bernie, Cruz, Rubio have seen to that.
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Old 03-08-2016, 08:43 PM
 
1,829 posts, read 1,078,083 times
Reputation: 1498
Default Why bailout auto industry? Two words:

Union thugs
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Old 03-08-2016, 11:16 PM
 
Location: Here.
13,825 posts, read 12,580,210 times
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As a staunch conservative, I'm with Sanders on this. And trust me, that's hard for me to say.
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Old 03-09-2016, 12:47 AM
 
Location: Pacific Northwest
1,574 posts, read 573,338 times
Reputation: 1931
If we wouldn't have bailed out the auto industry where would that have gotten us in terms of manufacturing jobs?
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Old 03-09-2016, 08:18 AM
 
2,727 posts, read 2,264,131 times
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Quote:
Originally Posted by Wintergirl80 View Post
If we wouldn't have bailed out the auto industry where would that have gotten us in terms of manufacturing jobs?

If we didn't bail out wall street, what would have happened to hundreds of thousands of jobs in financial services? A single bank like Merrill Lynch was 50k employees itself - one of the larger banks like Citi, JPM, etc are hundreds of thousands themselves.


Bernie wants to tax wall street to pay for college, b/c as he said, "we bailed wall street out, it's time for them to bail us out." Well, actually Mr. Sanders, it was the auto makers that cost the US taxpayers ten billion dollars - why are we not taxing them to pay for college?
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Old 03-09-2016, 08:44 AM
Status: "It is the nature of grotesque things you canít look away" (set 29 days ago)
 
Location: Old Hippie Heaven
17,994 posts, read 8,120,965 times
Reputation: 10436
Quote:
Originally Posted by joeymags View Post
Hillary and Bernie are literally tripping over themselves to showcase their support for bailing out the auto makers, which ultimately cost tax payers $10bn. Failure of the automakers really would not have been systemic, and would not have impacted people not working in these industries.

Bailing out Wall Street actually earned the tax payers a return. Also, a failure of the banks would have absolutely have been systemic - and would have impacted many more businesses and individuals than the auto makers failing.

Now you can disagree with the Wall Street bail out, there's no right or wrong answer - but I don't understand how there can be such a double standard - well, of course I understand, it's just political pandering. Hillary was just on stage now and basically said she would bail out the auto industry anytime they needed it.
It was absolutely GALLING that the very same Wall St *******s who caused the problem were bailed out. Many of them are now richer than they were before.

Yes, the taxpayers did make some money on the deal, but there were quite a few ordinary people whose life savings and pensions disappeared and who lost their jobs and homes - and they have *never* been bailed out.

As for the automakers - I don't think that their "sins" reached quite the plateau of greed, cynicism, and downright scamming that the Wall St fiasco did. And the automaker's bailout did save some jobs for ordinary Americans.

Is it pandering to reassure blue collar workers that you will try to save their jobs? Because that's what Clinton told those people.
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Old 03-09-2016, 08:49 AM
 
2,907 posts, read 3,026,206 times
Reputation: 8343
Com'on are you that naive ?

Auto industry = democrats/unions

Wall street = republicans/elite

nuff said !
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Old 03-09-2016, 08:52 AM
 
Location: Buckeye, AZ
27,140 posts, read 15,677,613 times
Reputation: 9813
Quote:
Originally Posted by jacqueg View Post
It was absolutely GALLING that the very same Wall St *******s who caused the problem were bailed out. Many of them are now richer than they were before.

Yes, the taxpayers did make some money on the deal, but there were quite a few ordinary people whose life savings and pensions disappeared and who lost their jobs and homes - and they have *never* been bailed out.

As for the automakers - I don't think that their "sins" reached quite the plateau of greed, cynicism, and downright scamming that the Wall St fiasco did. And the automaker's bailout did save some jobs for ordinary Americans.

Is it pandering to reassure blue collar workers that you will try to save their jobs? Because that's what Clinton told those people.
It's the same pandering Trump is with his illegals rallying cry.
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Old 03-09-2016, 09:13 AM
Status: "It is the nature of grotesque things you canít look away" (set 29 days ago)
 
Location: Old Hippie Heaven
17,994 posts, read 8,120,965 times
Reputation: 10436
Quote:
Originally Posted by mkpunk View Post
It's the same pandering Trump is with his illegals rallying cry.
You must be a very unusual voter - a person who never cares how a president's policies affect *you*.
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