Republicans claim to be the party of industry and jobs, but when given the opportunity to pass legislation, they exclusively concentrate on racist, bigoted, and anti-women agendas. Jobs aren't even in the picture. At last nights final republican debate, the word "jobs" was only mentioned 10 times between the four candidates. They preferred to talk about banning birth control, building border fences and rounding up Mexicans, and sounding like rich, white, misogynist pigs. Wake up America.
And imagine if the government could keep shares in these companies and what those earnings would do to the deficit.
But oh Noos! The common people (in the form of government) have the chance to make an investment of a lifetime to bail out the banks and corporations but we don't get a piece of the pie.
I don't understand this video.The video clearly says that GM wen't bankrupt and then went on to hire people and invest in plants. But then it has some problem with Romney saying they should go bankrupt. It also seems to say that them going bankrupt was a scary alternate history that the republicans would have caused. Detroit, or part of it, did go bankrupt.
Those auto companies will go bankrupt again and they'll be back for another bailout, just wait! Now if we let them go bankrupt, their assets would have been sold off to the highest bidders and the new company would emerge bigger and stronger than ever. The new CEO's would know that if they screwed up, the government would NOT bail them out, so they wouldn't take enormous risks like the originals did.
@jjenson2006 They are all very much so profitable, how would they go bankrupt now? If we had let them go bankrupt, China would now own Detroit, there would no longer be any Fords, Chevys, Dodges, etc etc etc being made, and we'd have unemployment of about 20-25%. Please learn basic economics before speaking.
@jjenson2006 You really have no clue do you? You have no idea how many other companies and businesses rely on those plants being open and making cars. A single plant closing can turn a small city into a ghost town. It has been seen countless times. The 2,000 jobs lost at a plant turns into 10,000 jobs in the city as people leave.
You're obviously a republican, so I'll forgive you your ignorance.
@zionpc1 I have no idea? LOL The plant doesn't close permanently, it goes through bankruptcy and then it re-emerges as a STRONG, PROFITABLE company. There is no reason why a union floor sweeper should get paid $80k with full benefits. These companies need to seriously trim fat.
Obviously a republican? What a stupid thing to say. I'm libertarian, an individualist and I don't subscribe to the "two party" system that YOU obviously do....figures!
@jjenson2006 You do realize that the loans were secured with stock/ownership in the companies right? Stock which is up, on average, 25% this year. Its up to the government to sell back those shares when they are ready.
@zionpc1 "You do realize that the loans were secured with stock/ownership in the companies right? Stock which is up, on average, 25% this year."
Are you kidding me? You're going to compare what it does in one month? LOL They're WAY down from their peaks. When (if) government sells them, they're going to collapse just like all stocks sold en-mass. Now if we factor in the value of the dollar, they are REALLY down. Gold was around $800 when they were bailed out;less than half of now.
Both Obama and Mitt wanted GM/Chrysler to restructure (Chapter 11). The difference is that Mitt did not want government funds to bailout GM/Chrysler and Obama did. So what Obama did was a big risk and it paid off for him. So he can run on this.
@zionpc, if McCain would have taken over there would be no GM no Chrysler and Ford would have been struggling and we would have had a worse unemployment if he had taken over. Hey, let the free market take care of its self ha.
The truth is that they will do anything - wreck the economy, kill thousands of jobs, or bankrupt companies - if it suits their political agenda to defeat this President and make him "fail". Traitor is to mild a word for them; they are scum.
@local2458 yeah, lets just have the govt babysit us instead!
liberals don't understand the concept of capitalism. companies succeed but unfortunately come to an end when they can no longer compete with better companies or please consumers. oil prices are high, american cars are gas guzzlers, therefore people won't be buying them. the companies must meet the people's demands. yes, initially jobs will be lost. but a consumer need for an american car company will cause other companies to arise.
@local2458 and those companies will create jobs, and make better products. the only way to advance is to let companies with better ideas succeed and ones with obsolete/unneeded ones decide between bankruptcy or reform of the company to fit people's needs. we shouldn't be saving companies that repeatedly don't meet demands.
(btw i'm not standing up for republicans, i can agree most of them are corrupt scumbags. im defending capitalism. no govt intervention in private industries with taxpayer $)
Everybody says the final solution to the RACE problem is for EVERY white country and ONLY white countries to bring in the third world and assimilate with them.
Immigration, tolerance, and especially assimilation are being used against the white race.
ll this immigration and intermarriage is for EVERY white country and ONLY white countries.
Anti-white is called anti-racist, but it leads to the disappearance of one race and only one race, the white race.
Perhaps hundreds of thousands of Whites can flood into Detroilette so we can achieve an ethnically DIVERSE and once again successful community?
Is Cultural Morality only for White children? Why aren’t “anti-racists” saying “Detroit needs more Whites?” Why is NO ONE saying “non-white neighborhoods need more diversity?” Because DIEversity is ONLY achieved once there are NO MORE WHITE CHILDREN. They say they are anti-racist. What they are is anti-white.
@battousai12345 No one is flooding Asia with millions of non-Asians and saying 'Well, I guess it's a sign of progress that you're not saying anti-Semitic things. '
No one is flooding Africa with millions of non-Africans and saying 'Well, I guess it's a sign of progress that you're not saying anti-Semitic things. '
No one is flooding Mexico with millions of non-Mexicans and saying 'Well, I guess it's a sign of progress that you're not saying anti-Semitic things. '
The American economy is fucked, the amusing thing is its all udner your own doing. Its no secret that Japan has undermined the American economy. Now Japan and China own trillions of dollars of American debt, debt that will never be payed off
Whoever made this video doesn't understand capitalism. When corporations go bankrupt it's because they were making poor decisions. GM was cutting corners on quality and safety to turn profits while the Germans and Japanese were building strong followings with solid reputations. Had GM gone bankrupt, new, more efficient companies would have risen. Remember Saturn was gonna get sold to Penske but after the bailout was announced that whole plan was canceled.
This is SHIT communist propaganda. It's unAmerican. Shame on you supporting corporate control the the government! I will never buy a GM aka Communist Obama Motors pile of shit.
bailing out gm didnt help detroit,most of the g.m plants in michigan closed in the 90s,flint mi was hit alot aharder by it,this is why we need to bring are productiion jobs back home to the united states or what is happening to detroit will happen across the broad,stop reading this and e-mail your representative and tell them how you feel,infact tell as meny peeople as you can.
Let's face the facts, detroit is a shithole because of all the niggers, under white rule it was the epicenter of the automotive industry now its a nigger safe haven for all of the other nigger fuck ups, face the facts, any nigger run country, city etc turns into a shithole, why are people in denial? Niggers are fucking dumb and if you didn't know that your obviously retarded
The problem is not the unions (obvious outsider idea from someone who does not know the history of politics especially in detroit), the problem is the city council wasting money while serving themselves and their friends. They cut jobs and gave themselves bonuses in the same week while complaining about being unable to make cuts except for the unions.
I've been to Detroit. They aren't ASKING ANY OF THE CONTRACT NON UNION employees for give backs. None of the mayors staff are willing to take any cuts either (cell phones, cars, free lunches). Blaming unions is the easy way out for someone addicted to Fox News and the GOP
Right! The GOP wanted to get rid of the unions and if that meant sending GM and Chrysler into extinction, well no problem for them. Same thing with all of these cowboy republican governers cancelling union contracts. Just trying to get rid of unions, period. None of them will get a second term. But niether did the nazis' though.
The auto industry would have been better off if they hadn't been bailed out. They would have gone through bankruptcy and then reformed and emerged a much more efficient, competitive company. This sort of bailout action and protectionism is what caused Great Britain in the early 1900's to fall from being the superpower of the world. You let the free market choose the winners and losers. The competition makes everyone better.
FYI-to all you people without jobs, all you people about to lose your homes-listen up. The republicans WANT YOU TO LOSE YOUR JOBS AND HOMES!
They don't care about you. They know the best way for one of them to win the presidential race is to ruin the ecomomy. They've stated they want to defeat Obama next election at all costs! THIS IS DOCUMENTED! Then, when they get in the white house the very first thing they will do is to CUT TAXES FOR THE RICH! And what about those jobs?....... SUCKERS!
Long-term prosperity is ensured by funding education, infrastructure, and research, not by cutting taxes for corporations and the rich which then outsource jobs and put that money in overseas banks.
Besides, I must know: how could Romney say that when his father was President of AMC (who by the way reorganized AMC to make it better)? And Romney, ironically, got what he wanted: the Big Three were bailed out AND Obama gave them $80 billion (subject to them making them more efficient). Now the auto industry is clawing its way back and people kept their jobs. Obama is the most gutsy President ever! Keep the change going! OBAMA 2012!
@emp0rizzle Actually, I DO remember the .com crash since I knew of three people that worked in the computer business, and two of them lost over 50% of their assets due to that. They have since recovered about 30% of that loss, but the situation has made that recovery frustratingly slow. The third actually did BETTER than before since he was in the area to help those struggling with their losses.
@dpas2009 But you don't seem to understand why it crashed, instead you chalk it up to whether it was a D in the house or a R in the house. You should start an career in economic analysis.
I don't see how republicans think there going to win those important midwest swing states if they maintain this attitude towards American manufacturing.
Republicans are so unpatriotic they whether see a AMERICAN car companies destroyed just because a liberal president bail them out. The big three is the only major manufacturing left in this country while the republicans play politics real people on main street suffers. And yet repubs are silent about Wall Street the people that help get this country into trouble. There was zero criticism from the republicans when President Bush gave money to the car companies.
Very effective emotion-based ad. Factually inaccurate. The truth is that the loans have NOT been repaid and the money that was given to the auto companies was taken from OTHER Americans who needed it. The democrats think the auto loans were a "zero sum" game. They don't understand economics.
@libertyforever76 Do you understand how important manufacturing is to a nation. Do you realize that it was the automotive industry that created the American middle class. You know what kind of devastation if the car companies was not bail out states like Michigan,Wisconsin,Ohio would have really suffered. Recovery would be impossible for this country if we would have lost all three car companies. The Car company bailout was just has important has the bank bail out.
@mikesadick You are right on target with your direct to the point post comment. OPPS i shouldn't have said the word "target" because liberals act all hyper mad at any kind of reference to "crosshairs".
bwahahahaha republicans are fcked up, no competent candidate, no sympathy for the middle class, willing to make the country bankrupt as long as their corporate masters get the most of the profits, they want to abolish medicare but retain tax cuts for millionaires and billionaires and oil companies, they want to have spending cuts first before we spend rescue funds in the midwest
i cant think of any reason why anyone would vote for a republican, unless they are dumb and stupid and UNamerican
I'm happy for the people who work for GM but no one cares about the jobs that were lost because they had to pay for this bailout? Americans need to wake up and see that our real unemployment rate is at Depression levels.
The President did more than loan them money. He stole money from those who have loaned them money (bond holders) and GAVE it to his political supporters (UAW). I will never buy another GM or Chrysler car. They exist ONLY because the President used them to launder money for the UAW. It was NEVER just a loan.
@gleefanatic2011 When the government FORCED bond holders to take pennies on the dollar and gives a large percentage of the company to UAW for nothing, THAT IS NOT A PROFIT! It is legalized extortion. I wonder how FORD who did not take a dime from the President survived and thrived. Don't look to close into how they "paid" back the government, you might just find out that they simply transferred the debt from one program to another. The loser is the American people. who did not vote socialist
@dvsuton2 Hello just wanted to say i like Wal-Mart (although not on black Friday) , as for Wall Street i think the overkill of regulation on them are not helping. It is Obama that is 2 face when it comes to Wall Street , he LOVES their money and has good buddies (Ben Bernake , Timothy Geithner) from that world yet he SHITS on Wall Street by way of piling on a overkill of regulations.
The only reason they were able to pay off the loan from the government is because they took out more loans from various other companies. So Chrysler isn’t quite out of the hole just yet.
@override367 Only if you are getting a car loan from the government. Banks don't force you to pay it so that it can make loans. You have the option of not banking with the bank. Also, you can get your money back out of the bank.
When the government bails out bad companies, it is effectively rewarding bad behavior. Companies - no matter how big - are supposed to be able to fail so that they can be replaced by better ones.
America to the GOP: SHUT THE FUCK UP!! Thanks to the foresight and leadership of a "real" president American can still make automobiles for itself and the rest of the world. It's so funny how all these right-wing fucktards are tossing anything against the wall and grasping at any straw to deny this President any success. From this to Bin Laden being killed these far-right fuckers are nothing but sour lemons filled with bigotry and hate who'd rather America fail than the President succeed.
@Rockioe - I am from Texas, and I just get pissed off at the hypocritical right-wing asshats. I'd say THEY are what's "sick" about America more than my swearing. Excuse me if I offended.
@bigtexansfan Thanks for apologizing for cursing to make your point!!!
I believe in the American Free Enterprise system...
It allows business be business, let religion be religion. We don't need government meddling in either. If a company fails so be it. If a religion fails so be it!
@TheIcoSystem Prove he isn't you fucking moron. I guess the President still isn't an American citizen either huh? Get a clue and a life you fucking idiot.
@TheIcoSystem The FACT that the Taliban claimed it's last attack was in retaliation for the DEATH Osama Bin Laden, The FACT that Pakistan is pissed because his DEATH happened while Bin Laden was hiding out in their plain sight, the FACT that what's left of Al Qaeda promised to avenge his DEATH. I left out the confirmations of the the CIA directors, joint chiefs, and numerous legislators either viewing it happen live or seeing the photos of him DEAD on purpose. As I said get a fucking clue.
@TheIcoSystem Oh my! I am so frightened. You have threatened me over the internet. What shall I do? Hmm? I might have to call Dr. Phil since you cyber bullied me so bad. You've really taught me a good lesson.
They DID go bankrupt! GM took a loan from the government, a loan that was supposed to prevent bankruptcy, and it still went bankrupt. Chrysler accepted a government-run merger with Fiat, and they still had to go through bankruptcy proceedings. Ford, meanwhile, did not take one dollar from the government, and did NOT go bankrupt. Romney was right. If GM and Chrysler had been allowed to go through bankruptcy proceedings from the beginning, then they'd have recovered much, much earlier.
@PaperbackWizard If you think that any of the companies could have survived bankruptcy at a time when even commercial paper was in jeopardy I think you need to take a macroeconomics course or two
@override367@override367 Read it and weep, professor. Less than three months after the government both bailed out and installed their own CEO at GM, the company went through the fourth-largest Chapter 11 bankruptcy in the country's history. The bailout didn't stop Detroit from going bankrupt; it just put taxpayers on the hitch at a time when unemployment was already on the rise.
En wikipedia org / wiki / General_Motors_bankruptcy
My god, you people lack basic reading comprehension skills. At the time of the auto bailout, a bankruptcy was impossible, there was no credit available and they had no resources of their own to speak of to make it happen. The bailout made the bankruptcies possible
@override367 Made the bankruptcy possible? Are you listening to yourself? Do you honestly think that if GM had gone through bankruptcy a few months earlier than it did that it would have never recovered, or at best taken longer to recover than it has? Worse, do you actually believe that was the goal of the bailout? The goal of the bailout was to prevent a bankruptcy; it failed, just as Romney predicted it would. That money would have been better spent on transition assistance for the workers.
@PaperbackWizard Do you know how bankruptcy works for major corporations?
You need substantial financial backing to pull it off in an orderly fashion. It was not the goal of the loan but without it, bankruptcy would likely involved one or more of the big three ceasing to exist as they were sold off for a fraction of their value. They had time to structure their debt and avoid a fire sale, and hey look we got our money back. Many jobs saved, GM still here, money paid back. What's the problem?
Sure, they're paying back the debt now, but they'd have never had to pay it back at all if they'd simply struck out on their own. The argument can be made that since they had to repay that money to the government AFTER they went through bankruptcy, they took even longer to recover than they would have if they'd simply started proceedings without taking any money first. Bailouts didn't stop bankruptcy; they just took money from taxpayers at a time when we needed it most.
@PaperbackWizard The only thing romney and the republicans wanted out of the bankruptcy was to get rid of the UAW. They dont give a crap about GM or Chrysler. They just want to see every union member making wal-mart wages.
Brilliant piece. The GOP is fundamentally hostile to the domestic auto industry: predominantly, it employs workers in blue states; and predominantly, it employs union workers receiving working wages - both run counter to the GOP goal of effectively converting the USA into a right-to-work banana republic.
@pacificnorthwestmark Good insight! Of course, people who blindly vote their bias or prejudice or simply their ignorance of the nation they live in, they won't agree. But really, when it comes down to it, Republicans are people who want to go back to serfdom and a super privileged class of the few, financed upon the tax-free profits of large corporations, banks, oil, pharma, insurance, others, all trying to escape any human responsibility whatsoever, all in the name of profit for the few.
Brilliant piece. The GOP is fundamentally hostile to the domestic auto industry: predominantly, it employs workers in blue states; and predominantly, it employs union workers receiving working wages - both run counter to the GOP goal of effectively converting the USA into a right-to-work banana republic.
I'm from Michigan and at the time I was saying the Republicans words will be used against them and they should be careful at opposing the President. I guess it is too late and rightfully so they are learning their lesson.. the HARD WAY.
Smoke and mirrors. If TARP has been paid back why does the US government still own 6.6% of Chrysler? Fiat's ownership went from 30 to 46%. Chrysler is less than ½ the size of it's former self and the only thing that is keeping them on life support is refinancing their debt (with the help of one of their TARP buddies at Goldman Sachs) and sales of even more gas guzzling SUVs.
The private sector collapsed. It's that simple. Why these people still think government should stand aside and let millions starve because the private sector failed is rather alarming.
The Republicans said save Wall Street but let Detroit go under. They should be ashamed of themselves---it was Wall Street that wrecked the economy in the first place then made out like bandits from Bush's bailouts.
They paid for Obama's candidacy and thus he authorized the taxpayers to bail them out. What about other car companies, even green car companies, who got screwed in this deal? GM, the old lumbering loser gets propped up while progress and new technology are left behind.
Funny, no mention of how Ford made a comeback without the bailout.
I wonder how much of Ford's money - via taxation - was used to prop up its competitors? Toyota, Nissan, same question.
@XKG80 GM was under when Obama took over honey...he had to save GM....and they paid back so what's the problem? So we can bail out wall street but we can't bail out GM?
@Msbea345 The problem is principle. How about a 'bailout' to the taxpayer? How about that money to go something useful like education or health care for the troops instead of to giant, mismanaged corporations? And you know what happens when you give free money to a corp--the execs pocket it.
Congrats on making the right decision here. I was against it, but I too was wrong. Just another reason I am thankful we have a smart POTUS in Obama. He believed in the American Auto workers and it paid off.
Great video clips and well put-together message! Thanks for this
Republicans are simply the most deluded and disgustingly fact-deprived evil people in the nation. And they are ALWAYS WRONG!!!! This video should be all America needs to wipe out those 3 Republican Presidential candidates for good!
Pawlenty regularly used an accounting change called a tax shift to balance the state deficit without raising taxes which resulted in school, land management and sanitation districts statewide unexpected ly losing $58 million in interest and reserve revenue
He chose not to run for a third term. Why? Hint: The state department of Management and Budget estimates that the two-year budget beginning July 2011 is $4.4 billion short.
Republicans claim to be the party of industry and jobs, but when given the opportunity to pass legislation, they exclusively concentrate on racist, bigoted, and anti-women agendas. Jobs aren't even in the picture. At last nights final republican debate, the word "jobs" was only mentioned 10 times between the four candidates. They preferred to talk about banning birth control, building border fences and rounding up Mexicans, and sounding like rich, white, misogynist pigs. Wake up America.
folkhippy 1 day ago
I'll bankrupt Romney's face with my fists.
saltyshoelace 1 day ago
Mitt Romney: Bankrupt! :D
Rapide0910 2 days ago
Yes, I do appreciate that Obama saved the Auto Industry.
The issue is that if Democrats remain in power, this will be the headline.....
"America Bankrupt".
krisp8888 2 days ago
Time to bury this disease of TeaNazism.
Vote them out.
ninuxy 4 days ago
And imagine if the government could keep shares in these companies and what those earnings would do to the deficit.
But oh Noos! The common people (in the form of government) have the chance to make an investment of a lifetime to bail out the banks and corporations but we don't get a piece of the pie.
TheBooban 5 days ago
Ha Ha Ha Ha.
beau4307 6 days ago
NOBODY would buy a car , when the auto maker filed for bankrupt...NO BRAINER GOP!!!
altimax9091 6 days ago
This reminds me of how lucky we are to have Obama.
Can you imagine how bad it would be if these GOP clowns were in charge?
N1ceGuyEdd1e 1 week ago 4
Ford never took a bailout. They downsized and made sacrifices. I wish that the media would get that straight.
studyhistory2ctruth 1 week ago
Now GM just posted their biggest annual profit!
redmustang03 1 week ago 2
I don't understand this video.The video clearly says that GM wen't bankrupt and then went on to hire people and invest in plants. But then it has some problem with Romney saying they should go bankrupt. It also seems to say that them going bankrupt was a scary alternate history that the republicans would have caused. Detroit, or part of it, did go bankrupt.
ncb1397 1 week ago
@ncb1397 Semantics, without the loan they would have never recovered.
TheBooban 5 days ago
anyone supporting bail outs is a fucking retard that needs to learn economics. screw you corporatist bastards.
ApocDevTeam 1 week ago
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Prisons, Schools, Healthcare financing, Police, Military, politics <- Must never have profit motives!!
Strong anti-trust, fairplay laws to promote innovation over monopoly domination..
This is the core of European social-democratisms in case any Americans were wondering.
Raising the botton line is good too.. Giving people food/shelter and self-respect while they try to improve their lives is really really cheap ;)
jsgdk 1 week ago
Those auto companies will go bankrupt again and they'll be back for another bailout, just wait! Now if we let them go bankrupt, their assets would have been sold off to the highest bidders and the new company would emerge bigger and stronger than ever. The new CEO's would know that if they screwed up, the government would NOT bail them out, so they wouldn't take enormous risks like the originals did.
jjenson2006 2 weeks ago
@jjenson2006 They are all very much so profitable, how would they go bankrupt now? If we had let them go bankrupt, China would now own Detroit, there would no longer be any Fords, Chevys, Dodges, etc etc etc being made, and we'd have unemployment of about 20-25%. Please learn basic economics before speaking.
zionpc1 2 weeks ago
@zionpc1 "how would they go bankrupt now?" Chrysler has been bailed out before and it failed again.Learn history!
"China would now own Detroit"
Maybe? Maybe not. There are plenty of American billionaires that would love to own those companies.
"we'd have unemployment of about 20-25%."
Bullshit! The workers would then get jobs at the MORE EFFICIENT companies.
"Please learn basic economics before speaking."
LOL You should learn REAL (Austrian) economics instead of government-nomics!
jjenson2006 2 weeks ago
@jjenson2006 You really have no clue do you? You have no idea how many other companies and businesses rely on those plants being open and making cars. A single plant closing can turn a small city into a ghost town. It has been seen countless times. The 2,000 jobs lost at a plant turns into 10,000 jobs in the city as people leave.
You're obviously a republican, so I'll forgive you your ignorance.
zionpc1 2 weeks ago
@zionpc1 I have no idea? LOL The plant doesn't close permanently, it goes through bankruptcy and then it re-emerges as a STRONG, PROFITABLE company. There is no reason why a union floor sweeper should get paid $80k with full benefits. These companies need to seriously trim fat.
Obviously a republican? What a stupid thing to say. I'm libertarian, an individualist and I don't subscribe to the "two party" system that YOU obviously do....figures!
I suppose you're proud to be a socialist.
jjenson2006 2 weeks ago
@zionpc1 watch?v=YqyDBHmnyfc
jjenson2006 2 weeks ago
How many American jobs would Rmoney have killed to help him win in November? All of them? Probably.
No job is safe until these people are completely out of power.
armadilloze 2 weeks ago
has GM paid back it's loan ?
yfastudio 2 weeks ago
@yfastudio All the loans from the auto industry have been repaid in full plus interest.
zionpc1 2 weeks ago
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@zionpc1 "All the loans from the auto industry have been repaid in full plus interest."
With cheaper dollars.
jjenson2006 2 weeks ago
@zionpc1 According to factcheck june of 2011:
"As for the auto bailout money, nearly 50 percent of the roughly $80 billion has been paid back."
So no, it hasn't been paid back.
jjenson2006 2 weeks ago
@jjenson2006 You do realize that the loans were secured with stock/ownership in the companies right? Stock which is up, on average, 25% this year. Its up to the government to sell back those shares when they are ready.
zionpc1 2 weeks ago
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@zionpc1 "You do realize that the loans were secured with stock/ownership in the companies right? Stock which is up, on average, 25% this year."
Are you kidding me? You're going to compare what it does in one month? LOL They're WAY down from their peaks. When (if) government sells them, they're going to collapse just like all stocks sold en-mass. Now if we factor in the value of the dollar, they are REALLY down. Gold was around $800 when they were bailed out;less than half of now.
jjenson2006 2 weeks ago
Both Obama and Mitt wanted GM/Chrysler to restructure (Chapter 11). The difference is that Mitt did not want government funds to bailout GM/Chrysler and Obama did. So what Obama did was a big risk and it paid off for him. So he can run on this.
redmustang03 2 weeks ago
@redmustang03 In otherwords, Obama acted like a President, and Romney acted like a Republican. Notice the difference there?
zionpc1 2 weeks ago
@zionpc, if McCain would have taken over there would be no GM no Chrysler and Ford would have been struggling and we would have had a worse unemployment if he had taken over. Hey, let the free market take care of its self ha.
redmustang03 2 weeks ago
The truth is that they will do anything - wreck the economy, kill thousands of jobs, or bankrupt companies - if it suits their political agenda to defeat this President and make him "fail". Traitor is to mild a word for them; they are scum.
local2458 2 weeks ago 12
@local2458 yeah, lets just have the govt babysit us instead!
liberals don't understand the concept of capitalism. companies succeed but unfortunately come to an end when they can no longer compete with better companies or please consumers. oil prices are high, american cars are gas guzzlers, therefore people won't be buying them. the companies must meet the people's demands. yes, initially jobs will be lost. but a consumer need for an american car company will cause other companies to arise.
HayastanArmenia 1 week ago
@local2458 and those companies will create jobs, and make better products. the only way to advance is to let companies with better ideas succeed and ones with obsolete/unneeded ones decide between bankruptcy or reform of the company to fit people's needs. we shouldn't be saving companies that repeatedly don't meet demands.
(btw i'm not standing up for republicans, i can agree most of them are corrupt scumbags. im defending capitalism. no govt intervention in private industries with taxpayer $)
HayastanArmenia 1 week ago
OBAMA 2012
timber2403 2 weeks ago
Dear GOP: F*ck you.
artisanrox 2 weeks ago 19
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The Obama campaign literally only need to play this clip over and over again on Michigan television and win MI like a walk in the park
Sleexb 3 weeks ago
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Sleexb 3 weeks ago
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Sleexb 3 weeks ago
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Everybody says the final solution to the RACE problem is for EVERY white country and ONLY white countries to bring in the third world and assimilate with them.
Immigration, tolerance, and especially assimilation are being used against the white race.
ll this immigration and intermarriage is for EVERY white country and ONLY white countries.
Anti-white is called anti-racist, but it leads to the disappearance of one race and only one race, the white race.
It is genocide.
SAVETHECHILDREN6592 1 month ago
Perhaps hundreds of thousands of Whites can flood into Detroilette so we can achieve an ethnically DIVERSE and once again successful community?
Is Cultural Morality only for White children? Why aren’t “anti-racists” saying “Detroit needs more Whites?” Why is NO ONE saying “non-white neighborhoods need more diversity?” Because DIEversity is ONLY achieved once there are NO MORE WHITE CHILDREN. They say they are anti-racist. What they are is anti-white.
Anti-racist is a code-word 4 anti-white
TheGenseric 1 month ago
@TheGenseric
Well, I guess it's a sign of progress that you're not saying anti-Semitic things. Fun fact: The Irish were once considered to be non-white.
battousai12345 2 weeks ago
@battousai12345 No one is flooding Asia with millions of non-Asians and saying 'Well, I guess it's a sign of progress that you're not saying anti-Semitic things. '
No one is flooding Africa with millions of non-Africans and saying 'Well, I guess it's a sign of progress that you're not saying anti-Semitic things. '
No one is flooding Mexico with millions of non-Mexicans and saying 'Well, I guess it's a sign of progress that you're not saying anti-Semitic things. '
Why genocide? Why whites?
TheGenseric 4 days ago
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crazy site give free xbox 360!
debrodgers2280 1 month ago
Instead of being a slave to cold-war era political nonsense actually grow a brain.
Wolfe2469 1 month ago
@Wolfe2469 Its just about white genocide. As the whites decline and non-whites flood the country, it becomes third world. No mystery.
SAVETHECHILDREN6592 1 month ago
The American economy is fucked, the amusing thing is its all udner your own doing. Its no secret that Japan has undermined the American economy. Now Japan and China own trillions of dollars of American debt, debt that will never be payed off
Wolfe2469 1 month ago
Only a loyal republican/Fox news zombie will blame the union for every problem in life.
dvsuton2 1 month ago 2
Whoever made this video doesn't understand capitalism. When corporations go bankrupt it's because they were making poor decisions. GM was cutting corners on quality and safety to turn profits while the Germans and Japanese were building strong followings with solid reputations. Had GM gone bankrupt, new, more efficient companies would have risen. Remember Saturn was gonna get sold to Penske but after the bailout was announced that whole plan was canceled.
TurboFuss1 1 month ago
This is SHIT communist propaganda. It's unAmerican. Shame on you supporting corporate control the the government! I will never buy a GM aka Communist Obama Motors pile of shit.
TurboFuss1 1 month ago
bailing out gm didnt help detroit,most of the g.m plants in michigan closed in the 90s,flint mi was hit alot aharder by it,this is why we need to bring are productiion jobs back home to the united states or what is happening to detroit will happen across the broad,stop reading this and e-mail your representative and tell them how you feel,infact tell as meny peeople as you can.
styles7887 1 month ago
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Let's face the facts, detroit is a shithole because of all the niggers, under white rule it was the epicenter of the automotive industry now its a nigger safe haven for all of the other nigger fuck ups, face the facts, any nigger run country, city etc turns into a shithole, why are people in denial? Niggers are fucking dumb and if you didn't know that your obviously retarded
irishphil757 1 month ago
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styles7887 1 month ago
@williejenkins666
The problem is not the unions (obvious outsider idea from someone who does not know the history of politics especially in detroit), the problem is the city council wasting money while serving themselves and their friends. They cut jobs and gave themselves bonuses in the same week while complaining about being unable to make cuts except for the unions.
Randomasesino2012 1 month ago
I've been to Detroit. They aren't ASKING ANY OF THE CONTRACT NON UNION employees for give backs. None of the mayors staff are willing to take any cuts either (cell phones, cars, free lunches). Blaming unions is the easy way out for someone addicted to Fox News and the GOP
dvsuton2 2 months ago
Now Detroit needs a bailout because unions are destroying the town... it will go bankrupt very soon.
williejenkins666 2 months ago
It was a union bailout. And the unions are still going to drag these companies down in the end. They can't afford the pensions.
williejenkins666 2 months ago
Right! The GOP wanted to get rid of the unions and if that meant sending GM and Chrysler into extinction, well no problem for them. Same thing with all of these cowboy republican governers cancelling union contracts. Just trying to get rid of unions, period. None of them will get a second term. But niether did the nazis' though.
dvsuton2 2 months ago
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HubertWolfen 3 months ago
The auto industry would have been better off if they hadn't been bailed out. They would have gone through bankruptcy and then reformed and emerged a much more efficient, competitive company. This sort of bailout action and protectionism is what caused Great Britain in the early 1900's to fall from being the superpower of the world. You let the free market choose the winners and losers. The competition makes everyone better.
Morghost 5 months ago
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TheIcoSystem 7 months ago
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FYI-to all you people without jobs, all you people about to lose your homes-listen up. The republicans WANT YOU TO LOSE YOUR JOBS AND HOMES!
They don't care about you. They know the best way for one of them to win the presidential race is to ruin the ecomomy. They've stated they want to defeat Obama next election at all costs! THIS IS DOCUMENTED! Then, when they get in the white house the very first thing they will do is to CUT TAXES FOR THE RICH! And what about those jobs?....... SUCKERS!
TheKmbt 7 months ago
Obama's trying..
1988scottcarey 8 months ago
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1988scottcarey 8 months ago
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Long-term prosperity is ensured by funding education, infrastructure, and research, not by cutting taxes for corporations and the rich which then outsource jobs and put that money in overseas banks.
sexyloser1128 8 months ago
Besides, I must know: how could Romney say that when his father was President of AMC (who by the way reorganized AMC to make it better)? And Romney, ironically, got what he wanted: the Big Three were bailed out AND Obama gave them $80 billion (subject to them making them more efficient). Now the auto industry is clawing its way back and people kept their jobs. Obama is the most gutsy President ever! Keep the change going! OBAMA 2012!
dpas2009 8 months ago
Historically, Democrats have had a better economy than Republicans. Want to check? Google "Democratic vs. Republican job/economic growth".
dpas2009 8 months ago
@dpas2009 Funny how you don't remember the dot.com crash.
emp0rizzle 8 months ago
@emp0rizzle Actually, I DO remember the .com crash since I knew of three people that worked in the computer business, and two of them lost over 50% of their assets due to that. They have since recovered about 30% of that loss, but the situation has made that recovery frustratingly slow. The third actually did BETTER than before since he was in the area to help those struggling with their losses.
dpas2009 8 months ago
@dpas2009 But you don't seem to understand why it crashed, instead you chalk it up to whether it was a D in the house or a R in the house. You should start an career in economic analysis.
emp0rizzle 8 months ago
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TheIcoSystem 7 months ago
I say, let Detroit go bankrupt. They deserve it for being greedy bastards. Perhaps, in the next life, they will learn from their mistakes.
nxr064 8 months ago
I don't see how republicans think there going to win those important midwest swing states if they maintain this attitude towards American manufacturing.
PoliticalControversy 9 months ago 3
Republicans are so unpatriotic they whether see a AMERICAN car companies destroyed just because a liberal president bail them out. The big three is the only major manufacturing left in this country while the republicans play politics real people on main street suffers. And yet repubs are silent about Wall Street the people that help get this country into trouble. There was zero criticism from the republicans when President Bush gave money to the car companies.
PoliticalControversy 9 months ago 21
Very effective emotion-based ad. Factually inaccurate. The truth is that the loans have NOT been repaid and the money that was given to the auto companies was taken from OTHER Americans who needed it. The democrats think the auto loans were a "zero sum" game. They don't understand economics.
libertyforever76 9 months ago 2
@libertyforever76 Do you understand how important manufacturing is to a nation. Do you realize that it was the automotive industry that created the American middle class. You know what kind of devastation if the car companies was not bail out states like Michigan,Wisconsin,Ohio would have really suffered. Recovery would be impossible for this country if we would have lost all three car companies. The Car company bailout was just has important has the bank bail out.
PoliticalControversy 9 months ago
Last I checked Detroit is Bankrupt.
mikesadick 9 months ago 2
@mikesadick You are right on target with your direct to the point post comment. OPPS i shouldn't have said the word "target" because liberals act all hyper mad at any kind of reference to "crosshairs".
computerpurple 9 months ago
@mikesadick Last I checked Detroit is filled with greedy bastards that only want profits, not caring about it's customers.
nxr064 8 months ago
AND THE FACT THAT UNTIL NOW THEY STILL DONT HAVE A JOBS BILL THAT THEY PROMISED TO HAVE LAST YEAR'S ELECTION
I THOUGHT THE GOP AND THE TEA PARTY HEARD THE AMERICAN PEOPLE LOUD AND CLEAR???
THEN WHY UNTIL NOW THEY ALL CARE ABOUT ABOLISHING MEDICARE, GIVE TAX CUTS TO MILLIONAIRES AND BILLIONAIRES AND OIL COMPANIES????
WHERE IS YOUR JOBS BILL, GOP??!!! IS THIS ANOTHER OF YOUR PROMISES THAT WILL ONLY TURN INTO STONE???!!!
gleefanatic2011 9 months ago
bwahahahaha republicans are fcked up, no competent candidate, no sympathy for the middle class, willing to make the country bankrupt as long as their corporate masters get the most of the profits, they want to abolish medicare but retain tax cuts for millionaires and billionaires and oil companies, they want to have spending cuts first before we spend rescue funds in the midwest
i cant think of any reason why anyone would vote for a republican, unless they are dumb and stupid and UNamerican
gleefanatic2011 9 months ago
I can't wait for the dollar crisis to occur, then all this bullshit from the left and right becomes irrelevant. Can't fucking wait
baihbalm 9 months ago
when businesses do bad they should disappear or we just keep getting overpriced junk.
lolatdumbasses 9 months ago
I'm happy for the people who work for GM but no one cares about the jobs that were lost because they had to pay for this bailout? Americans need to wake up and see that our real unemployment rate is at Depression levels.
hodoprime 9 months ago
The President did more than loan them money. He stole money from those who have loaned them money (bond holders) and GAVE it to his political supporters (UAW). I will never buy another GM or Chrysler car. They exist ONLY because the President used them to launder money for the UAW. It was NEVER just a loan.
CommonSenseJoe 9 months ago
@CommonSenseJoe well GM AND Chrysler paid the government back with interest. isnt that what you call profit?! lol get lost, loser.
gleefanatic2011 9 months ago
@gleefanatic2011 When the government FORCED bond holders to take pennies on the dollar and gives a large percentage of the company to UAW for nothing, THAT IS NOT A PROFIT! It is legalized extortion. I wonder how FORD who did not take a dime from the President survived and thrived. Don't look to close into how they "paid" back the government, you might just find out that they simply transferred the debt from one program to another. The loser is the American people. who did not vote socialist
CommonSenseJoe 9 months ago
Cities that are run by liberals tend to end up in the toilet.
computerpurple 9 months ago
@computerpurple The ad is not about that you fucking IDIOT!
IdiotsRevolution 9 months ago
@IdiotsRevolution Awe boo-hoo truth hurts.
computerpurple 9 months ago
@computerpurple The only truth is that you republicans love being wrong.
You're side was wrong about the automotive bailouts.
And you're wrong about liberal cities there are liberal states and cities that's doing very well try again asshole.
IdiotsRevolution 9 months ago
@IdiotsRevolution Government Motors yep that's what it is now.
computerpurple 9 months ago
@computerpurple Wow great come back.
IdiotsRevolution 9 months ago
@IdiotsRevolution I agree , Oh by the way Detroit is in the toilet.
computerpurple 9 months ago
@computerpurple Thanks to the greedy republicans.
IdiotsRevolution 9 months ago
@IdiotsRevolution HA , HA , HA you are so wrong. It's liberals that have and continue to run Detroit... into the toilet.
computerpurple 9 months ago
@computerpurple facts are hard to swallow apparently.
tubette1 8 months ago
@computerpurple unlike the conservative republicans who shop at Wal-Mart and are running Wall Street into the ground.
dvsuton2 2 months ago
@dvsuton2 Hello just wanted to say i like Wal-Mart (although not on black Friday) , as for Wall Street i think the overkill of regulation on them are not helping. It is Obama that is 2 face when it comes to Wall Street , he LOVES their money and has good buddies (Ben Bernake , Timothy Geithner) from that world yet he SHITS on Wall Street by way of piling on a overkill of regulations.
computerpurple 2 months ago
Do they understand filing bankruptcy does not necessarily mean closing the door?
cworth1569 9 months ago
The only reason they were able to pay off the loan from the government is because they took out more loans from various other companies. So Chrysler isn’t quite out of the hole just yet.
cworth1569 9 months ago
@cworth1569 They needed a lifeline
Msbea345 9 months ago
@cworth1569 And yet you probably had no problem with the bank bailouts and guess what the banks is not paying shit back.
IdiotsRevolution 9 months ago
so use taxpayer money to bail out corporations? IS that what they are advocating for? seriously?
sharinganclan213 9 months ago
@sharinganclan213 Only in the way that it's a bailout when I take out a car loan, they paid the money back
override367 9 months ago
@override367 Only if you are getting a car loan from the government. Banks don't force you to pay it so that it can make loans. You have the option of not banking with the bank. Also, you can get your money back out of the bank.
When the government bails out bad companies, it is effectively rewarding bad behavior. Companies - no matter how big - are supposed to be able to fail so that they can be replaced by better ones.
2000warrior 9 months ago
And the GOP experts on FOX said we wouldnt see a cent back!
DillonDee1 9 months ago 2
OH SNAP!!!!!
TheEricKnudsen 9 months ago
Americans succeed, Republicans weep.
I wonder why that is?
jaimymoore 9 months ago 5
America to the GOP: SHUT THE FUCK UP!! Thanks to the foresight and leadership of a "real" president American can still make automobiles for itself and the rest of the world. It's so funny how all these right-wing fucktards are tossing anything against the wall and grasping at any straw to deny this President any success. From this to Bin Laden being killed these far-right fuckers are nothing but sour lemons filled with bigotry and hate who'd rather America fail than the President succeed.
bigtexansfan 9 months ago 32
@bigtexansfan Wow you curse to make your point heard. You are what is sick about America!!!
Please tell me you don't live in Texas!!!
Rockioe 8 months ago
@Rockioe - I am from Texas, and I just get pissed off at the hypocritical right-wing asshats. I'd say THEY are what's "sick" about America more than my swearing. Excuse me if I offended.
bigtexansfan 8 months ago
@bigtexansfan Thanks for apologizing for cursing to make your point!!!
I believe in the American Free Enterprise system...
It allows business be business, let religion be religion. We don't need government meddling in either. If a company fails so be it. If a religion fails so be it!
Rockioe 7 months ago
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TheIcoSystem 7 months ago
@TheIcoSystem Prove he isn't you fucking moron. I guess the President still isn't an American citizen either huh? Get a clue and a life you fucking idiot.
bigtexansfan 7 months ago
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TheIcoSystem 7 months ago
@TheIcoSystem The FACT that the Taliban claimed it's last attack was in retaliation for the DEATH Osama Bin Laden, The FACT that Pakistan is pissed because his DEATH happened while Bin Laden was hiding out in their plain sight, the FACT that what's left of Al Qaeda promised to avenge his DEATH. I left out the confirmations of the the CIA directors, joint chiefs, and numerous legislators either viewing it happen live or seeing the photos of him DEAD on purpose. As I said get a fucking clue.
bigtexansfan 7 months ago
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TheIcoSystem 7 months ago
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TheIcoSystem 7 months ago
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TheIcoSystem 7 months ago
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TheIcoSystem 7 months ago
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TheIcoSystem 7 months ago
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TheIcoSystem 7 months ago
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TheIcoSystem 7 months ago
@TheIcoSystem Oh my! I am so frightened. You have threatened me over the internet. What shall I do? Hmm? I might have to call Dr. Phil since you cyber bullied me so bad. You've really taught me a good lesson.
There, you should be finished masturbating.
bigtexansfan 7 months ago
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TheIcoSystem 7 months ago
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TheIcoSystem 7 months ago
There was a lot more to the Chrysler bailout than the 7.5 billion.
Old Carco LLC 4.0 billion
DIP financing 1.9 billion
Chrysler Financial 1.5 billion
Chrysler Auto Supplier bailouts another 1.5 billion
and don't forget the GM/Chrysler auto warranties 1.25 billion and "cash for clunkers"
Can any of you geniuses tell me how much of those were paid back?
Welcome to corporate welfare
justintempler 9 months ago
That's funny, because Democrats are in charge of Detroit, and the city IS BANKRUPT!
finny6 9 months ago
They DID go bankrupt! GM took a loan from the government, a loan that was supposed to prevent bankruptcy, and it still went bankrupt. Chrysler accepted a government-run merger with Fiat, and they still had to go through bankruptcy proceedings. Ford, meanwhile, did not take one dollar from the government, and did NOT go bankrupt. Romney was right. If GM and Chrysler had been allowed to go through bankruptcy proceedings from the beginning, then they'd have recovered much, much earlier.
PaperbackWizard 9 months ago
@PaperbackWizard If you think that any of the companies could have survived bankruptcy at a time when even commercial paper was in jeopardy I think you need to take a macroeconomics course or two
override367 9 months ago
@override367 @override367 Read it and weep, professor. Less than three months after the government both bailed out and installed their own CEO at GM, the company went through the fourth-largest Chapter 11 bankruptcy in the country's history. The bailout didn't stop Detroit from going bankrupt; it just put taxpayers on the hitch at a time when unemployment was already on the rise.
En wikipedia org / wiki / General_Motors_bankruptcy
PaperbackWizard 9 months ago
@PaperbackWizard less than 3 months after
A F T E R
My god, you people lack basic reading comprehension skills. At the time of the auto bailout, a bankruptcy was impossible, there was no credit available and they had no resources of their own to speak of to make it happen. The bailout made the bankruptcies possible
override367 9 months ago 2
@override367 Made the bankruptcy possible? Are you listening to yourself? Do you honestly think that if GM had gone through bankruptcy a few months earlier than it did that it would have never recovered, or at best taken longer to recover than it has? Worse, do you actually believe that was the goal of the bailout? The goal of the bailout was to prevent a bankruptcy; it failed, just as Romney predicted it would. That money would have been better spent on transition assistance for the workers.
PaperbackWizard 9 months ago
@PaperbackWizard Do you know how bankruptcy works for major corporations?
You need substantial financial backing to pull it off in an orderly fashion. It was not the goal of the loan but without it, bankruptcy would likely involved one or more of the big three ceasing to exist as they were sold off for a fraction of their value. They had time to structure their debt and avoid a fire sale, and hey look we got our money back. Many jobs saved, GM still here, money paid back. What's the problem?
override367 9 months ago 4
Sure, they're paying back the debt now, but they'd have never had to pay it back at all if they'd simply struck out on their own. The argument can be made that since they had to repay that money to the government AFTER they went through bankruptcy, they took even longer to recover than they would have if they'd simply started proceedings without taking any money first. Bailouts didn't stop bankruptcy; they just took money from taxpayers at a time when we needed it most.
PaperbackWizard 9 months ago
@PaperbackWizard The only thing romney and the republicans wanted out of the bankruptcy was to get rid of the UAW. They dont give a crap about GM or Chrysler. They just want to see every union member making wal-mart wages.
dvsuton2 2 months ago
Michigan, please recall Rick Snyder. He's taken away your voting rights.
dizzymasekela 9 months ago
Brilliant piece. The GOP is fundamentally hostile to the domestic auto industry: predominantly, it employs workers in blue states; and predominantly, it employs union workers receiving working wages - both run counter to the GOP goal of effectively converting the USA into a right-to-work banana republic.
pacificnorthwestmark 9 months ago 3
@pacificnorthwestmark Good insight! Of course, people who blindly vote their bias or prejudice or simply their ignorance of the nation they live in, they won't agree. But really, when it comes down to it, Republicans are people who want to go back to serfdom and a super privileged class of the few, financed upon the tax-free profits of large corporations, banks, oil, pharma, insurance, others, all trying to escape any human responsibility whatsoever, all in the name of profit for the few.
awreslr2 9 months ago 2
Brilliant piece. The GOP is fundamentally hostile to the domestic auto industry: predominantly, it employs workers in blue states; and predominantly, it employs union workers receiving working wages - both run counter to the GOP goal of effectively converting the USA into a right-to-work banana republic.
pacificnorthwestmark 9 months ago
"Where does this stop? What if my friend is having trouble with his business should he get a loan?"
As long as his business can reasonably be shown to be made solvent... yes, yes he should.
override367 9 months ago
who let the dogs out? -- mittromneyisatool (dot com)
mittromneyisatool 9 months ago
When the federal dollars run out, GM is gonna go out of business, or at least lay off thousands. You watch.
2012Romney 9 months ago
@2012Romney ok Romney
Msbea345 9 months ago
I'm from Michigan and at the time I was saying the Republicans words will be used against them and they should be careful at opposing the President. I guess it is too late and rightfully so they are learning their lesson.. the HARD WAY.
Obama-Biden '12
EdwardP88 9 months ago 3
@swaves1952 That's exactly right.
getplaning 9 months ago
GOP didn't support because Unions are a big part of the Auto industry. No unions in banks etc.
swaves1952 9 months ago
Pawlenty already left his State Pennyless.
Honeypott310 9 months ago
Smoke and mirrors. If TARP has been paid back why does the US government still own 6.6% of Chrysler? Fiat's ownership went from 30 to 46%. Chrysler is less than ½ the size of it's former self and the only thing that is keeping them on life support is refinancing their debt (with the help of one of their TARP buddies at Goldman Sachs) and sales of even more gas guzzling SUVs.
justintempler 9 months ago
This is only one of the many reasons these particular Republicans are unfit for the office of president.
One would think traditional Republican voters would wise up after years of abuse. But it never happens. Republican voters believe in freedumb.
Bozo1360 9 months ago 3
I want a President that stands with Americans not with corporations.
OhioDemocrat 9 months ago
such crap, they got a loan of my tax money with 0% interest, made money with it and gave the money to the FED who will loan it to me at 20% brilliant
dnikandjam 9 months ago
The private sector collapsed. It's that simple. Why these people still think government should stand aside and let millions starve because the private sector failed is rather alarming.
getplaning 9 months ago
The Republicans said save Wall Street but let Detroit go under. They should be ashamed of themselves---it was Wall Street that wrecked the economy in the first place then made out like bandits from Bush's bailouts.
eatmorenachos 9 months ago 4
@eatmorenachos
Disaster capitalism. Imagine how many more workers would have lost their job if we would have followed Pawlenty's lead.
Bozo1360 9 months ago 2
Crony capitalism FTW
They paid for Obama's candidacy and thus he authorized the taxpayers to bail them out. What about other car companies, even green car companies, who got screwed in this deal? GM, the old lumbering loser gets propped up while progress and new technology are left behind.
Funny, no mention of how Ford made a comeback without the bailout.
I wonder how much of Ford's money - via taxation - was used to prop up its competitors? Toyota, Nissan, same question.
XKG80 9 months ago
@XKG80 GM was under when Obama took over honey...he had to save GM....and they paid back so what's the problem? So we can bail out wall street but we can't bail out GM?
Msbea345 9 months ago 2
@Msbea345 The problem is principle. How about a 'bailout' to the taxpayer? How about that money to go something useful like education or health care for the troops instead of to giant, mismanaged corporations? And you know what happens when you give free money to a corp--the execs pocket it.
XKG80 8 months ago
a very good ad, thanks for making this and reminding voters what the alternative would have been
sydoniablake 9 months ago
Finally the DNC gets off its ASS and produces a compelling ad!
newmac 9 months ago 3
Congrats on making the right decision here. I was against it, but I too was wrong. Just another reason I am thankful we have a smart POTUS in Obama. He believed in the American Auto workers and it paid off.
dfrutled 9 months ago
Republicans would barbeque their own kids alive if their pimps the Koch brothers told them to.
dizzymasekela 9 months ago 6
Great video clips and well put-together message! Thanks for this
Republicans are simply the most deluded and disgustingly fact-deprived evil people in the nation. And they are ALWAYS WRONG!!!! This video should be all America needs to wipe out those 3 Republican Presidential candidates for good!
awreslr2 9 months ago 3
@awreslr2
You are correct. They are ALWAYS WRONG! Always!
Bozo1360 9 months ago
Pawlenty regularly used an accounting change called a tax shift to balance the state deficit without raising taxes which resulted in school, land management and sanitation districts statewide unexpected ly losing $58 million in interest and reserve revenue
He chose not to run for a third term. Why? Hint: The state department of Management and Budget estimates that the two-year budget beginning July 2011 is $4.4 billion short.
classicallady 9 months ago 2