I'm sure their 244,000 employees and their families would say the same thing.

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Wheelhouse

and thats kinda shitty. not everything is about money. its about whats best for people. if allocating billions of dollars (which they will get back) saves millions and millions of people, well, i dont see whats so evil about that.

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Get rid of the UAW and watch position-appropriate wages happen. Then see the big auto companies make profits.

People leave Buffalo and Detroit because, in reality, the cities suck. The climate is miserable AT LEAST 50% of the time, and neither one has a strong private sector or highly educated folk... I think I remember reading something like 20% of Buffalo's working class have degrees. Take that as compared to where I live now (Stafford, VA), where the number is closer to 80%.

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The thing is, they won't get that money back. You can invest all the money in an area that you want, but it's not going to give that area a product. Manhattan is money (private financial sector), DC is government, CA (Silicon Valley, etc) is technology. You have to have a product before you can make money... and looking at a wider lens view, it's the avenue that the entire nation is going down...we don't produce anything.

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Sure they'll get it back, just like the billions that they are getting back from the banks. Oh that's right, they haven't paid them back yet and the Obama administration is going to force some sort of penalties fees on them. These fees with undoubtedly will be filtered down to us to pay.

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thems fightin words!

michigan is, for better or for worse, not a right to work state. and thatll never change.

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See, this confuses me. I thought the idea of capitalism was for the company to make profits to RAISE our standard of living, not decrease it. I know the company has to make money to exist, but the entire system itself is set up to benefit people, right?


I seriously hope you don't think we even have a chance to produce anything. China has ridiculously cheap labor and little restriction on anything. We simply can't compete with them to produce goods.

Yes, they're $2.7 billion worth of "fine" this year alone.
Meanwhile, GM lost $38 Billion

I never brought up that point but it remains to be seen doesn't it?

Who cares how prominent a company is where you live???
This isn't about you...or Detroit...or Michigan.

No, I'd move.
Living in a place whose economy exists only at the grace of government bailouts is friggin sad.

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Hold my beer and watch this...

A good chunk of the bailout moneys have been repaid. Not all, but a good portion of them.

You would think but the only people this system now benefits are the rich. They make the rules, look at the recent supreme court decision.

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TARP alone has the John Q. Taxpayer out $200 Billion...that we're not getting back.
http://money.cnn.com/2009/10/02/news/ec ... 2009100211

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Hold my beer and watch this...

That must be Obama fault too.....oh wait.

Obama is on the hook for something like $1.3 trillion...but where do you see me speaking highly of any bailout, ever?
I was screaming until I was red in the face about TARP before it passed. I'll go find the threads on the WSOD boards if necessary

But hey, full steam ahead with the deficit spending amiright or what?

WooHoo!

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Hold my beer and watch this...

Thats about 82 billion which is not even half of the 225 billion that were given to these financial institutions who are again giving their other stock holders huge bonuses.....
http://www.nytimes.com/2009/03/15/business/15AIG.html

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yeah, well, its my home. i have lifelong ties here. its not easy just to "pick up and move"

this is every bit about me, as its my friends and neighbours who rely on their jobs at GM to keep them in their homes. and im not being sensationalist about it. its the truth.

its easy to say what should be done, when in reality, it hardly, if at all, affects you. but it affects me in much different way. come on over to the grey area, theres plenty of room.

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Yep. And every time the current administration wants to punish the financial institutions for abusing this help, what happens?

The Republican train pulls into Obstruction Junction and vows to stop it.

I'm sorry, but you're a selfish whiner.

Where was the bailout when the .com bubble popped?

There wasn't one. I moved.

Suck it up like an adult.

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Hold my beer and watch this...

Here ya go Squanto....
http://fans.sabres.nhl.com/reply/419987 ... ply-419987

My exact reaction when Bush signed TARP.

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Hold my beer and watch this...

I would respect Obama a lot more if he stopped trying to sell us that he'll cut the deficit while increasing spending and lowering taxes. The math that just doesn't add up, and it makes him appear like just another disingenuous politican.

If he believes in government solutions to our economic problems than just come out and say you'll increase taxes in order to pay for new government programs and balance the budget. Why is that so tough? Not everyone will agree, but at least it wouldn't insult our intelligence.

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Oh lord, it's hard to be humble, when you're perfect in every way. I can't wait to look in the mirror, 'cause I get better looking each day. To know me is to love me, I must be a hell of a man. Oh lord, it's hard to be humble, but I'm doin' the best that I can.

i think thats rather harsh. i figured we were having a rational discussion. i dont get how me wanting better for my region makes me a selfish whiner. perhaps slightly selfish, but in a positive manor.

i, myself, did not go to obama and ask him to and take over GM. but he did, and i am grateful for it. enough so, that hes got my vote again in 2 and a half years.

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