The Barnyard

Mr. Etch-A-Sketch.

I am personally opposed to the entire bankruptcy process. It's government meddling and regulation that we don't need. Congress should dissolve all of the bankruptcy courts and let the free market work how it should without government oversight.

sure, but that wont stop folks from laughing at me if i said it.

i think it is grand we saved the auto industry, but not happy with the circumstances. what i really dont like is a candidate taking positions like changing magic underwear

Should the President be claiming responsibility for "saving" the auto industry? I thought it was the taxpayers who fronted the money and are still owed billions of dollars. Ford survived without taking bailout money didn't they? Why wasn't this an option for GM and Chrysler? Honda and Toyota survived their supply chains being offline for nearly a year due to the earthquake/tsunami. Why can't the union heavy GM conduct business without government handouts? Is the President also going to take credit for "saving" the solar industry?

You need to contact Dubya and tell him this. He gave the money to GM and Chrysler, Obama followed with more, after the heads of GM and Chrysler told him they wouldn't survive without it. The heads of Ford, Toyota and Honda also lobbied Dubya and Paulson to help GM and Chrysler because they feared being devastated by the loss of their suppliers who needed GM and Chrysler to stay afloat.

Dubya took the money out of already appropriated TARP money, as did Obama later. It didn't cost the taxpayer anything MORE. It just mean less bailout cash left for Wall Street and the hedge funds.

Interesting that, as Rick Santorum pointed out, Willard was fine with bailing out his fellow hedge fund managers, but drew the line at Dubya and Obama doing the same for the car companies.

Somewhere there's a hedge fund billionaire who had to sell one of his vacation homes on the Hamptons just so Dubya and Obama could save a few million jobs in the auto and related industries. And that just breaks Willard's heart.

The only losers were the vultures who bought bad debt and possibly received less on the dollar than they would have gotten from a straight bankruptcy. As you say, these people who knew they were taking on risky debts losing money is weighed against the possible collapse of the entire American auto industry and supply chain.

Personally, the idea of the government letting the world financial system disintegrate or letting the entire american automotive industry go down seems like an unreasonable length to go to worship at the false altar of the market as all knowing force of efficiency.

It was a cheap fix.

There really is no place on this board for that kind of disrespectful name-calling. I think we would all appreciate it if you would stop.

No way. I like knowing that this type of individual is on the opposite side of the political spectrum as myself. Please tacos, continue to give examples of how your simple mind works.

I'm not sure that's possible

I've never been 'butthurt', I'm assuming you can tell us what it's like?

It's also nice to see that little girls still 'lololol'. I remember my girlfriend in high school used to do that a bunch in text messages and notes she'd write people