tag:blogger.com,1999:blog-13100834.post3454518830652624610..comments2023-10-30T02:15:08.014-07:00Comments on Burlington Area Progressives: The Stimulus WorkedStephen D. Sullivanhttp://www.blogger.com/profile/03113498534825448148noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-13100834.post-33930119960151036682010-10-05T11:05:58.590-07:002010-10-05T11:05:58.590-07:00Another rebuttal I just came across, "Second,...Another rebuttal I just came across, <a href="http://finance.yahoo.com/banking-budgeting/article/110920/exclusive-treasurys-tarp-aig-bailout-costs-fall-to-30-billion?mod=bb-budgeting" rel="nofollow">"Second, there's the $81 billion invested in the automobile sector, most of it in General Motors and related entities. Of that, $67 billion remains outstanding, and GM's upcoming initial public offering is likely to make only a small dent. Treasury now expects that it will ultimately lose $17 billion on its efforts to aid the auto industry."</a><br /><br />4 Weeks :)Nemohttps://www.blogger.com/profile/16346293243323538331noreply@blogger.comtag:blogger.com,1999:blog-13100834.post-92154196990423009522010-10-05T10:50:01.001-07:002010-10-05T10:50:01.001-07:00133+ a share? Fat chance bub.
4 Weeks :)<a href="http://www.rdmag.com/News/FeedsAP/2010/09/manufacturing-govt-needs-13378-a-share-to-recover-gm-money/" rel="nofollow">133+ a share?</a> Fat chance bub.<br /><br />4 Weeks :)Nemohttps://www.blogger.com/profile/16346293243323538331noreply@blogger.comtag:blogger.com,1999:blog-13100834.post-42894911185715910562010-10-05T07:00:20.358-07:002010-10-05T07:00:20.358-07:00No. http://www.economist.com/node/16846514
Now wh...No. http://www.economist.com/node/16846514<br /><br />Now where's that ARRA spending timeline you need to demonstrate you case?Sean Cranleyhttps://www.blogger.com/profile/09170723474238012805noreply@blogger.comtag:blogger.com,1999:blog-13100834.post-37663255431676559362010-10-04T15:20:13.281-07:002010-10-04T15:20:13.281-07:00Is this what you meant by "GM and Chrysler ar...<a href="http://grassley.senate.gov/about/upload/2010-04-22-Letter-to-Treasury-Department.pdf" rel="nofollow">Is this what you meant</a> by "GM and Chrysler are paying back their bailout"?Nemohttps://www.blogger.com/profile/16346293243323538331noreply@blogger.comtag:blogger.com,1999:blog-13100834.post-79955847976203238892010-10-04T15:15:27.939-07:002010-10-04T15:15:27.939-07:00This comment has been removed by the author.Nemohttps://www.blogger.com/profile/16346293243323538331noreply@blogger.comtag:blogger.com,1999:blog-13100834.post-45004419896502180592010-10-04T15:08:40.664-07:002010-10-04T15:08:40.664-07:00"Mission Accomplished", eah?. Heh."Mission Accomplished", eah?. Heh.Nemohttps://www.blogger.com/profile/16346293243323538331noreply@blogger.comtag:blogger.com,1999:blog-13100834.post-55482446630002793472010-10-01T05:37:22.476-07:002010-10-01T05:37:22.476-07:00The article I linked does credit Bush's TARP f...The article I linked does credit Bush's TARP for keeping the economy from going over the cliff. It's regretable that we had to take the citizen's money and give it to the crooks and greedsters who caused the crisis in the first place, but it was necessary. And of course it contributed to the debt at least in the short run, but of course Cons like are only concerned about spending and debt from the Obama administation. Because of course you're hypoctites.<br /><br />As a member of a race far superior to UAW members, you no doubt are smarter than the Economists that advised Clinton and McCain and who did the analysis. So if you'd really like to see how it helped you can go look at their work, see how they came to their conclusions and report back here. I'd also appreciate a timeline of the ARRA spending so that you can demonstrate just much was spent and when. <br /><br />Oh don't forget that from the $787 Billion total you'll need to subtract the $288 Billion (37%) that was allocated for tax incentives which will never be "spent". I'm sure the GOPropagandists are most diligent in making this adjustment before embarking on their manipulations. <br /><br />Tax incentives are, as we know, a poor way of creating short term stimulus on the economy, but you boys insisted that they be included as a condition of passage.<br /><br />Speaking of the UAW and paying back with interest. GM and Chrysler are paying back their bailout (separate issue from the ARRA stimulus by the way) with, wait for it . . . INTEREST. Hypocrite.Sean Cranleyhttps://www.blogger.com/profile/09170723474238012805noreply@blogger.comtag:blogger.com,1999:blog-13100834.post-3713849074340092622010-09-29T15:22:56.155-07:002010-09-29T15:22:56.155-07:00Saved our butts? A good case can be made for TARP...Saved our butts? A good case can be made for TARP 1 (Bush's TARP, the one that is being paid back with interest) but TARP 2 can only be judged to "save our butts" if you are a UAW slug. Since much of the ARRA (porkulus bill) remains unspent, I'd like to see how that has helped.<br /><br /><a href="http://thehill.com/opinion/columnists/dick-morris/121487-obliterating-a-generation" rel="nofollow">4 Weeks, 5 Days, 6 Hours, 39 Minutes</a> :)Nemohttps://www.blogger.com/profile/16346293243323538331noreply@blogger.com