http://www.politico.com/politico44/...o-rescue-with-every-manufacturing-131566.html Get ready. I seriously hope he doesn't plan to put tax payer money into failing industries again. Throwing money at a problem is not a solution Obama.
tax credits for obama croneys. mitt says let the jobs go overseas. obama rewards his pet industries. mitt is about the market, about efficiency. end subsidies of all kinds. let jobs go where they go. thats called freedom, and efficiency.
The article says nothing about another bailout. Further, there isn't going to be another bailout. The auto bailout worked. I share his hope that manufacturing jobs will come roaring back. I also believe offering tax credits for companies who bring jobs back to the US is a good step in the right direction. why don't you?
He does say he wants to do what he did with GM. “I said, I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back,” he said. “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.” What else could he mean? General Motors (GM) shares fell to a fresh 2012 closing low of 19.57 on Monday. The stock hit 19 in mid-December, the lowest since the auto giant came public at $33 in November 2010 following its June 2009 bankruptcy. Normally you might say, tough luck investors. But this is Government Motors. The Treasury still owns 26.5% of GM, or 500 million shares. Taxpayers are still out $26.4 billion in direct aid. Shares would have to hit $53 for the government to break even. But that's not the full tally. Obama let GM keep $45 billion in past losses to offset future profits. Those are usually wiped out or slashed, along with debts, in bankruptcy. But the administration essentially gifted $45 billion in write-offs (book value $18 billion) to GM. So when GM earned a $7.6 billion profit in 2011 (more on that below), it paid no taxes. GM's market share and profits got an artificial boost in 2011 as Japan's earthquake and Thailand's massive floods wrecked havoc with supply chains for Toyota and other Japanese automakers. But with Toyota back on track and VW and Hyundai aggressively expanding in America, GM is rapidly losing share in 2012. http://news.investors.com/article/616849/201207030826/gm-bailout-taxpayer-loss-rises-as-shares-fall.htm Is this your definition of worked? Simply b/c some people still have a job in a company that was failed but propped up? Again I ask you, what is your trade off to force jobs back here? Goods will be higher. How can you bring jobs back and allow wage costs and manufacturing cost to remain low?
Umm he could mean he wants American manufacturing jobs to rebound and return to the states. Life is not the DaVinci Code. He said what he said, not anything what you took it to mean. Also, the auto bail out started with GW. But what good are facts, when you have insinuation to lean on.
And it was stupid as fuck then. Are you insinuating here? He was vague as shit and if you read my post, it addresses that.
if he was vague, then you applied your own interpretation to it. if they would have let these companies failed, then you would be on the other side of the argument, railing about the job losses it created. Is that enough insinuation for you? The American economy was built on manufacturing and thats the point he is trying to make. The economy was ruined by financialization, which is when leveraging overtakes capital assets and financial markets dominate a industrial based economy, basically our economy is a big fucking casino and the house always wins. We didnt get here that way and we wont get out of trouble that way. I hope you follow that, because I cant explain it any clearer.
You are insinuating again. Let me ask you, what is the purpose of a fucking forum? If a company fails b/c it was mismanaged, see ya. That’s business. SO no, I wouldn’t give a damn. America was also built on the backs of slaves but that doesn’t mean shit. We also murdered thousands of Indians just to take their fucking land. We should bring all that shit back b/c it worked so well then… And before anyone says shit about racism or anything like that, I am a white guy married to a beautiful woman of color.
