Register FAQ / Rules Forum Spy Search Today's Posts Mark Forums Read
Go Back   MacRumors Forums > Mac Community > Community Discussion > Politics, Religion, Social Issues

Reply
 
Thread Tools Search this Thread Display Modes
Old Jan 10, 2014, 11:57 AM   #101
Michael Goff
macrumors 68030
 
Michael Goff's Avatar
 
Join Date: Jul 2012
Quote:
Originally Posted by jkcerda View Post
I have no problems with that.
Then what are we arguing about again?
__________________
13" Macbook Air (2012) Ultimate
OS X 10.9
Michael Goff is offline   0 Reply With Quote
Old Jan 10, 2014, 12:02 PM   #102
jkcerda
Thread Starter
macrumors regular
 
Join Date: Jun 2013
Quote:
Originally Posted by Michael Goff View Post
Then what are we arguing about again?
the fact that the GOVT is not going after them for the 10 billion and that GM refuses to pay those 10 billion

----------

back on topic, co-worker said he will save about $600 going through walmart
same plan as he currently haves.
jkcerda is online now   0 Reply With Quote
Old Jan 10, 2014, 12:26 PM   #103
lannister80
macrumors 6502
 
Join Date: Apr 2009
Location: Chicagoland
Quote:
Originally Posted by jkcerda View Post
I understand what you are saying, still the tax payers should NOT be cheated out of the 10 billion that GM owes.
On the flip side, should the tax payers then return the *profit* we made on a bunch of other TARP bailouts back to the companies that were bailed out? Gotta work both ways.

TARP made taxpayers $ on the whole (more profit than losses like GM).
__________________
Early 2008 Mac Pro, 8x2.8GHz, 3.25TB, 18GB RAM
UnRAID NAS, 9TB storage, 3TB parity, 400GB cache
lannister80 is offline   0 Reply With Quote
Old Jan 10, 2014, 12:35 PM   #104
jkcerda
Thread Starter
macrumors regular
 
Join Date: Jun 2013
Quote:
Originally Posted by lannister80 View Post
On the flip side, should the tax payers then return the *profit* we made on a bunch of other TARP bailouts back to the companies that were bailed out? Gotta work both ways.

TARP made taxpayers $ on the whole (more profit than losses like GM).
do you have a link please?
jkcerda is online now   0 Reply With Quote
Old Jan 10, 2014, 12:57 PM   #105
jnpy!$4g3cwk
macrumors 6502a
 
Join Date: Feb 2010
Quote:
Originally Posted by jkcerda View Post
no problem, someone else would take over
So, I don't know what you were doing in 2007-2009, but, your assertion that the markets would magically fix everything overnight after a massive market and financial collapse is unsubstantiated. Provide historical citations for when and where that has ever happened.

Here is what happened in 2007-2009:



Here is what happened during the Great Depression:








Thank goodness Bernanke made the anti-deflationary monetary moves he did is all I can say, because I sure prefer what happened during the Great Recession to what happened during the Great Depression. And, I'm much more socially liberal than Bernanke-- Bernanke was channel Milton Friedman most of the time.
jnpy!$4g3cwk is online now   2 Reply With Quote
Old Jan 10, 2014, 12:58 PM   #106
lannister80
macrumors 6502
 
Join Date: Apr 2009
Location: Chicagoland
Quote:
Originally Posted by jkcerda View Post
do you have a link please?
Oh, sorry, forgot:

http://money.cnn.com/2013/09/15/news...ailout-profit/ Old article.

http://blogs.wsj.com/washwire/2013/1...spite-gm-loss/

http://www.treasury.gov/press-center...es/tg1121.aspx Old article.

http://usgovinfo.about.com/b/2013/12...arp-profit.htm
__________________
Early 2008 Mac Pro, 8x2.8GHz, 3.25TB, 18GB RAM
UnRAID NAS, 9TB storage, 3TB parity, 400GB cache

Last edited by lannister80; Jan 10, 2014 at 01:33 PM.
lannister80 is offline   0 Reply With Quote
Old Jan 10, 2014, 01:14 PM   #107
jkcerda
Thread Starter
macrumors regular
 
Join Date: Jun 2013
27.9 billion in the hole still. per first link.
jkcerda is online now   0 Reply With Quote
Old Jan 10, 2014, 01:24 PM   #108
lannister80
macrumors 6502
 
Join Date: Apr 2009
Location: Chicagoland
Quote:
Originally Posted by jkcerda View Post
27.9 billion in the hole still. per first link.
That article is from September. Sorry, shouldn't have linked that one.
__________________
Early 2008 Mac Pro, 8x2.8GHz, 3.25TB, 18GB RAM
UnRAID NAS, 9TB storage, 3TB parity, 400GB cache
lannister80 is offline   0 Reply With Quote
Old Jan 10, 2014, 01:26 PM   #109
jkcerda
Thread Starter
macrumors regular
 
Join Date: Jun 2013
Quote:
Originally Posted by lannister80 View Post
That article is from September. Sorry, shouldn't have linked that one.
it's cool, thanks for backing up your statements. hope those who are behind pay up.
jkcerda is online now   0 Reply With Quote
Old Jan 10, 2014, 01:45 PM   #110
jnpy!$4g3cwk
macrumors 6502a
 
Join Date: Feb 2010
Quote:
Originally Posted by jkcerda View Post
it's cool, thanks for backing up your statements. hope those who are behind pay up.
Quote:
While taxpayers lost about $10 billion on the General Motors bailout, they will realize an overall profit of nearly $11 billion from the Troubled Assets Reinvestment Program (TARP), according to Treasury Secretary Jacob J. Lew.
http://usgovinfo.about.com/b/2013/12...arp-profit.htm


Not that it particularly matters a lot to me. What matters a lot more to me is that employment did not completely collapse like it did during the Great Depression.



http://wpcontent.answcdn.com/wikiped..._1910-1960.gif



http://4.bp.blogspot.com/-7pQmNerCCY...yEDMay2013.jpg

Last edited by jnpy!$4g3cwk; Jan 10, 2014 at 01:48 PM. Reason: more editing mistakes
jnpy!$4g3cwk is online now   0 Reply With Quote
Old Jan 10, 2014, 02:12 PM   #111
G51989
macrumors 68020
 
Join Date: Feb 2012
Location: New York State
Quote:
Originally Posted by jkcerda View Post
like I said, I really doubt the GM filing BK would have meant the end of them, things would be a non issue IF they simply paid back the 10 BILLION that the tax payers ate.
GM DID file for chapter 11 bankruptcy, and did restructure, with tax payer loans giving them capital to move forward.

----------

Quote:
Originally Posted by jkcerda View Post
10 billion would help those in need a lot more than the CEOs who got millions in bonuses.
Who are " those in need " exactly? If that 10 billion didnt go to GM, it would have gone to defense contractors.

Yeah, its not an amazing situation.

But it beats throwing away an industry that makes up a huge portion of this countries manufacturing ability.

----------

Quote:
Originally Posted by jkcerda View Post
I understand what you are saying, still the tax payers should NOT be cheated out of the 10 billion that GM owes.
You right, they shouldn't. But its a drop in a swimming pool compared to what the fossil fuel cartels and defense contractors get in tax payer money every year.

And keep in mind, we still have an auto industry. The free market fairys would not have come in and put a million or so back to work, and its possible nearly 2 million jobs would have been lost had we let GM and Chrysler slip, which would have started a snowball that would have taken down Ford as well.

Then we would only have the option to buy Asian or European cars with no American option.
G51989 is online now   1 Reply With Quote


Reply
MacRumors Forums > Mac Community > Community Discussion > Politics, Religion, Social Issues

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 10:58 PM.

Mac Rumors | Mac | iPhone | iPhone Game Reviews | iPhone Apps

Mobile Version | Fixed | Fluid | Fluid HD
Copyright 2002-2013, MacRumors.com, LLC