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Actually, Darwin's theory of evolution was based on the survival of the fittest...America was founded on the ideal that all people are created equal and endowed with certain inalienable rights.
Is one of those rights to have a job?
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If the companies that were bailed-out are beginning to hire (GM) or to repay that money, then the economy benefits. Had Obama not bailed them out, the GOP would be complaining that he let businesses fail and we would have suffered a second great depression.
LOL No, Obama's bad business policies are what is driving this country into ruin. The GOP would NOT have complained about letting businesses fail. They SHOULD have failed. Then another company that was still strong could have bought them out and turned things around. Or competitors like Ford would have become even stronger and hired up some of the displaced workers. Don't even get me started on the policies that led to offshoring of jobs, we would have more factories here in the US of A if we had more business-friendly policies...so yes, more people would have been able to keep their jobs in my scenario above.
Btw, I'm pretty sure everyone feels that this is a second great depression. We are really not improving the economy, and we've been in this slump since 2007. FOUR FULL YEARS NOW. Staggering unemployment numbers, foreclosures at all-time highs, cost of homes dropping while cost of living skyrockets. Right, no depression there, the economy is turning around, we can all be living high on the hog in no time!
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The Donald withdrew all by himself, once he realized that he wasn't being taken seriously...primarily due to his bankruptcies. Those were confined to his personal business, and are quite different from trying to prevent the entire collapse of a nation's economy, particularly at a time when leading economists offer advice that's at variance with one another.
Anyone who wants to cite a bankruptcy of Trump's as a reason for not voting for him is a moron. I don't know which chapter he filed, but in business, filing bankruptcy is usually a SMART move, not a shameful one. Obama could take some money management tips from Trump, that's for sure.
Actually, Darwin's theory of evolution was based on the survival of the fittest...America was founded on the ideal that all people are created equal and endowed with certain inalienable rights.
If the companies that were bailed-out are beginning to hire (GM) or to repay that money, then the economy benefits. Had Obama not bailed them out, the GOP would be complaining that he let businesses fail and we would have suffered a second great depression.
The Donald withdrew all by himself, once he realized that he wasn't being taken seriously...primarily due to his bankruptcies. Those were confined to his personal business, and are quite different from trying to prevent the entire collapse of a nation's economy, particularly at a time when leading economists offer advice that's at variance with one another.
BS America was built on surviving and the fittest built this country
We are guaranteed life, liberty and the pursuit of happiness, plus we are protected from not being hired due to gender, race, religion or ethnicity. It seems that some states do have right to work laws, but that pertains to unions. Twenty-two states have such right to work laws, under the provisions of the Taft-Hartley Act. Internationally, there is an alliance that believes in the right of every person to work.
LOL No, Obama's bad business policies are what is driving this country into ruin. The GOP would NOT have complained about letting businesses fail.
That's easy to say after the fact, but Wall Street and the GOP work hand-in-glove and have for many decades. There's no reason to believe that they would have let the big companies go under, knowing full well who butters their bread. It made for great street theater, though.
They SHOULD have failed. Then another company that was still strong could have bought them out and turned things around.
Sadly, jobs went the way of the passenger pigeon under Bush, and employment is only now showing some signs of picking up. Frankly, none of the major auto companies were in a position to buy one another out, and no investment firms or huge corporations stepped in to help fill the vacuum. We didn't have a plethora of companies that were "still strong," much less sound enough fiscally to take such a bold step. And bravo for wanting America to fail...way to show your true colors.
Or competitors like Ford would have become even stronger and hired up some of the displaced workers.
Ford will be doing some hiring soon; it was in the news this week.
Don't even get me started on the policies that led to offshoring of jobs, we would have more factories here in the US of A if we had more business-friendly policies...so yes, more people would have been able to keep their jobs in my scenario above.
The out-sourcing of jobs didn't begin with Obama; millions of jobs were lost under Bush, and many are gone forever. Not for a presidential term or a U.S. Senator's term, but forever. The situation is too grim to be flippant, but that escapes you. Your scenario would have led to the collapse of the economy and required additional trillions in unemployment benefits and social programs like SCHIP or WIC. It would have created millions more of those for whom you show such disdain...the poor and unemployed.
Btw, I'm pretty sure everyone feels that this is a second great depression. We are really not improving the economy, and we've been in this slump since 2007. FOUR FULL YEARS NOW. Staggering unemployment numbers, foreclosures at all-time highs, cost of homes dropping while cost of living skyrockets. Right, no depression there, the economy is turning around, we can all be living high on the hog in no time!
Yes, we remember exactly how bad things were when Bush left office, and how many of today's problems lead directly back to him and what he was doing four years ago. To attempt to compare today's economy with the Great Depression shows that you are either too young or too poorly informed to comprehend what you're saying. Times are hard, but this is a cakewalk compared to the Great Depression. There is a small growth in both jobs and small business, although not as rapid as any of us would like. Again, we will never enjoy the level of affluence that we had before Bush took the tidy surplus left behind by Clinton and squandered it; those days are gone for the lifetime of most posters here. That isn't something to gloat about, but that goes over your head as well.
Anyone who wants to cite a bankruptcy of Trump's as a reason for not voting for him is a moron. I don't know which chapter he filed, but in business, filing bankruptcy is usually a SMART move, not a shameful one. Obama could take some money management tips from Trump, that's for sure.
Anybody who would attempt to turn the Donald's financial woes into a reason for voting him into public office is a moron. America isn't a business, and there is no rational reason for making an attempt to turn it into one. Governance and business are very different; one deals with the lives of all Americans and is necessary to the act of legislation for the well-being of its citizens, while a business is beholden only to its stockholders. Actually, Obama retained several of Bush's economic advisors but that apparently escaped your notice, like so much else. You may be able to be flippant today, but you have a rude awakening coming
in the years ahead. Eventually, barring a stroke of good fortune, it's going to affect you, personally. It's going to affect us all.
True, most Democrats voted for the bailouts, Republicans against, and yes, we didnt support them, calling them socialsm for the last 2 1/2 years.. But again, whats this have to do with Obama?
Most Americans, regardless of party are against bailouts of unions, banks or any other business.
GM paid back their TARP loan, with another TARP loan..
If I borrow money from the government, to pay back a government loan, its not really paying off the government.
What happened, and is continuing to happen, is that GM is living up to the agreement made with Treasury when they emerged from bankruptcy. Some people do not like that the Industry survived. I don't really know why.
As always, andrea3821 is correct; the bankruptcy laws permit companies and individuals to reorganize their finances, and The Donald merely did what any businessman would do given the opportunity.
I also wouldn't be doing any cartwheels for either GM or Chrysler; Chrysler's car lineup is unquestionably inferior to those of Hyundai, Honda, Toyota, Ford, Nissan, & Mazda, so they still have a ton of work to do.
Obama's proposal to boost the pointless CAFE standards will ensure GM's return to bankruptcy court, if not destroy the company completely, leaving distressed assets experts such as Wilbur Ross & Carl Icahn to buy the remains for peanuts and rebuild them, which should have already been done last time around.
GMs profits are far too dependent on their truck and SUV sales, and their outsized contracts with the UAW make earning profits on their passenger cars, even the brisk-selling yet horrendously overpriced Cruze, next-to-impossible, and Obama has prohibited them from moving product of those passenger cars overseas.
With an Energy Secretary (Steven Chu) who is absolutely obssessed with European-level prices for gasoline in this country, alongside Obama's statements that energy prices in this country will skyrocket under his policies, GM & Chrysler are still on life support, in spite of the over-the-top gushing and cheerleading from the totally clueless liberal press.
Taking out loan to pay loans . Sonds more like mamagement wants to get out from under the governamnt loans pretty badly.Couldd have to do with why the Banks;GM and wanted out or why Ford refused any loans could it? Government isnt a very good partner to have is what it shows.Business has known this for deacdes just as it spoiled the so called govenrment/private housing plan Geithner had to solve the housing crisis.
What happened, and is continuing to happen, is that GM is living up to the agreement made with Treasury when they emerged from bankruptcy. Some people do not like that the Industry survived. I don't really know why.
Some people cant have a serious discussion on a topic, lying that they are upset about things they are upset about, and making claims that things would have not survived that would have.
I dont really know why you dont ever want to communicate with people, having a give and take, rather than sitting here posting nonsense all day long.
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