President Obama on GM IPO

President Obama speaks to the media about General Motors' public stock offering and says that the company's recent success is an example of how tough choices on the economy are starting to pay off. November 18, 2010.

Category:

News & Politics

Tags:

• GM
• General Motors
• automobiles
• autos
• cars
• IPO
• stock
• stock market
• economy
• employment

[NCMan28025]

Success is losing $23.6 billion taxpayer dollars to buy union votes. The IPO sale is a failure. Taxpayers lost money. Nothing successful about this program at all!

[NCMan28025]

@banditlounge Revisionist history? Republicans controlled the House and Senate under Clinton. You may want to read more and put out true facts. Then you forgot that Democrats controlled the House and Senate from 2007 til 2011. The National Debt was never "paid off" under any president. Bush added $4 trillion to it in 8 years. Obama has added over $4 trillion to it in under 3 years. You failed history.

[WesSeid]

@banditlounge Clinton gave Bush a bursting dotcom bubble. Then was 9/11. Check Bush's unemployment #s after cutting taxes. Impressive. The debt never went down under Clinton. He only had a smoke and mirrors budget surplus because he borrowed money from other areas of government. Clinton and a bipartisan Congress also gave us the repeal of Glass-Steagall. (kind of important.)

Right-wing policies didn't fail us. Big-government polices of both the right and left failed us.

[ImageJPEG]

@democratsaresmart lol

[banditlounge]

@MrTabby5000 Economy was fine under the Democrats when Clinton was in office with the Barney Frank style economic policies. It was when the Republicans took over in 2000 did things go down hill.

Clinton/Democrats gave Bush/Republicans a Budget Surplus, Job creation and while paying off the National Debt. Bush/Republicans gave Obama a destroyed economy, highest debt ceiling in history and a trillion + year deficit.

Right Wing policies failed us.

[nicoleduy]

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[MrTabby5000]

@HoldGovtAccountable

the ceo dont need half a billion dollar salary..

[banditlounge]

@MrTabby5000 Obama is doing what he can but we live in a democracy. Everything that he and the democrats are trying to achieve has been shot down by the Republicans who have been voting No on everything. Don't blame the people that are trying to help the middle class, blame the people that are holding middle class tax cuts just so the very wealthy can keep their yachts and 2nd summer homes.

Besides, it was the failed right wing/Bush policies that caused the unemployment in the first place. ;)

[mrhoan]

call it wut u wanna call it... capitalism won't last long. how does this figure into their equations. "UNLESS YOU'RE FREE THE MACHINE WILL BE PREVENTED FROM WORKING!!"

[MrTabby5000]

No more free money for the lazy unemployed and the wealthy need to keep their tax cut.