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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.
Obama didnt bail them out.. Bush did And the GOP opposed it.. The nosense about the great depression is just that, because they would have borrowed money just like Ford did.. Remind me again how Ford is doing
Quote:
Originally Posted by Evenstar51
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.
The Trump "bankruptcies" are quite simillar to Chryslers, it was a corporation, who filed bankruptcy, and not Trump personally.
Stopping Chrysler and GM from going bankrupt, had nothing to do with a collapse of the nations economy.. NEWS FLASH.. they STILL WENT BANKRUPT..
How about this: do you have any trouble understanding whether the economy would be worse off if GM and Chrysler had gone out of business?
Neither GM nor Chrysler was in danger of going out of business.. You bought the fear mongering from Democrats..
They DID go bankrupt.. Did that cause them to close their doors? NO.. Do you really think the investors who had tens of billions invested in both of these companies would have written them off and not loaned them money like they did Ford? Thats even more ridiculous.
I was insuring GM stock weeks prior to their bankruptcy, tens of millions of shares to be exact. There was TONS of confidence in these corporations, even though they were slated for bankruptcy. The ONLY thing the government loans did was delay their date of filing bankruptcy, risked american taxpayers money un-necessarily, gave the government preferential treatment over investors, and left the company with new debt out of bankruptcy that they wouldnt have had otherwise..
These companies would have been better off WITHOUT the loans.. they would have left bankruptcy with billions less in debt.. The only question I have is why Democrats think debt is good to have government invest in corporations, but bad to have private people put their own money at risk.. Thats rather odd
The loans are part of Chrysler's 2009 bankruptcy restructuring when a massive drop in auto sales pushed the company to the brink of collapse. The automaker is now operated by Fiat SpA.
Chrysler will use $3.5 billion in bonds, a $2.5 billion term loan and about $1.3 billion in cash from Fiat to repay the loans.
Under Fiat's leadership, Chrysler has overhauled its vehicle lineup and cut costs. So far the automaker has revamped 16 models and is developing new models that will move the company away from its traditionally truck-heavy lineup.
Jesus Christ I pray you help these people .
They are borrowing money to pay back a loan and this is a boost for the President ? I guess in Obamas mind it is.
Last edited by westwaswon; 05-20-2011 at 07:40 AM..
Hummmmm.... Enough people are buying cars that Chrysler could afford to pay off their Debts...
Tell me again about how bad a shape our economy is in..... And how bad a job the government is doing.....
That is not what is happening. They didn't sell cars to get that money, it is accounting tricks and more loans being used. Chrysler cars suck balls, they aren't selling anything at a high level. They should have been left for dead.
I really don't care! The fact that we were able to help a US company out and now is making a profit is great news!
A US company no longer:
Chrysler is nominally controlled by Cerberus Capital Management, which acquired an 80.1% stake in the company from Daimler AG in August, 2007. Fiat will get 35% of Chrysler under terms of the yet-to be finalized deal. The terms also grant Fiat the option of raising its stake to 55%[LEFT]
Read more: So Who Owns Chrysler Now? - TIME
[/LEFT]
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And the GOP opposed it.. The nosense about the great depression is just that, because they would have borrowed money just like Ford did.. Remind me again how Ford is doing 
