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351 days ago.
by BeRight
BeRight
#1

The Sequester is nothing more than small decrease in the rate of increase in federal spending OVER 10 YEARS. President Obama should be the one to choose where the $85 billion in cuts should come from THIS YEAR since THE SEQUESTER was HIS IDEA TO BEGIN WIT

The President needs to lead on this issue he created instead of campaigning against it.

 
 

Member Comments

luvthesouth

personally i would have let them do what they did and that was reorganize. they had plenty of postive things going for them. unfortunately many circumstances and decisions became too burdensome on them and it showed. they could become a great company again. the problem arises when the similar mistakes that caused the initial problem are still being allowed. the one thing i am surprised at is that the administration did not sell the 60% stake in gm to china. obama may just be waiting til it is near collapse again then slap a pyramid emblem on it and give it to egypt.

Posted 538 days ago.

luvthesouth

whatever....i concede munster. you are on a whole other level of reality based on your apparent perception of the article. so.. go be free... run with the pixies and the unicorns in LaLa land. it is the place of infinite imagination and delusion that is wide open and waiting for you. take off your shoes, relax and live the dream. it's your world. color it as you wish.

Posted 538 days ago.

luvthesouth

i have a better idea. you show me what we paid and why you are correct and everyone else is wrong.

Posted 538 days ago.

luvthesouth

this is the opening paragraph from you quoted article. "The plan the U.S. announced today to sell its remaining 500 million shares of General Motors virtually guarantees a substantial taxpayer loss on the $49.5 billion bailout." are they wrong??? if they are, you already have their address...write them and tell them that you are correct and we made money.

Posted 538 days ago.

luvthesouth

munster, we did not buy the stock on that day and at that price. it could have been free at some point in time, but if we did not own it...what does it matter. we paid more for it and are now selling it back to GM at a loss. no matter how you rationize it...we are losing money!

Posted 538 days ago.

luvthesouth

thats good munster...now what quote from the article leads you to believe that the taxpayer has made money off of the auto bailout? thats what we were discussing correct?

Posted 538 days ago.

thegreek

LTS. Munsters are the kind of idiots that voted for the heros that hold the office now. They have no clue what it is all about or how the economy works. I doubt they could even balance a checkbook. Their utopia is everyone work their life away with no chance of retiring so they can get more entitlements and set at home playing their Nintendo.

Posted 539 days ago.

luvthesouth

btw munster, one request...please leave the following off of your posts to me...."right to work is wrong". c om.. i would not do that to you.

Posted 539 days ago.

luvthesouth

if you are basing it on your posted quote, how in the world can you surmise that we have posted a profit? we paid close to $52.00 a share and gm is paying around $28.00 a share in the buy-back. we will have to sell the remaining shares we hold at $72.00 a share to break even. so if you give me $49 billion and i give you $29 billion back, you consider that you have made money????? if so, i will take that deal immediately.

Posted 539 days ago.

luvthesouth

munster, what article are you reading? the article cited by R1KRA8 says nothing of the sort. please post the facts from the article cited to back-up your claim. i may have missed them.

Posted 539 days ago.

luvthesouth

munster, your reasonable question deserves a reasonable answer. yes, i have considered that i may be wrong in my opinion on occasion. however, your response to the gm stock is a prime example of why i find it nothing but a waste of time trying to discuss certain issues with you. your statement is false. even a fleeting moment of effort on your part would keep you from showing your lack of knowledge in your comment. i understand that you make comments to get a rise out of some on here, but frankly i have no interest in participating with you in that fashion. i appreciate fact-based observations and differing viewpoints, but i do not wish to waste my time on a dead-end conversation.

Posted 539 days ago.

luvthesouth

munster, those are actually only your words. i did not say that. discussing issues with you is akin to trying to push a rope up a hill, which unfortunately amounts to a total waste of effort & time.

Posted 539 days ago.

luvthesouth

well munster, i'll check back in with you later. i have to run to the bank to cash a few checks. do look into the gm bailout. it is interesting.

Posted 539 days ago.

luvthesouth

"washingtontimes" forgive me....it is washing day here without the "ton" attached. :-)

Posted 539 days ago.

luvthesouth

"will you allow yourself to go down that road of becoming another mindless drone" what???? like you. i hardly think so. btw, you are the only one on here screaming scandal. i mentioned nothing about a scandal. you do live in your own little alternate reality...don't you friend?

Posted 539 days ago.

luvthesouth

Manhattan bankruptcy court."

Posted 539 days ago.

luvthesouth

munster, my gosh fellow, you do seem to wallow in ignorance sometimes. please note that the bankrupsy was required as part of the obama bailout. from washingtimes 2009: "The boon for the union fits the pattern established when the White House pushed GM into bankruptcy and steered it through the courts in a way that consistently put the interests of the union ahead of many suppliers, dealers and investors — stakeholders that ordinarily would have fared as well or better under the bankruptcy laws. The generous share of GM stock given to the union trust fund under the White House deal puts it not only ahead of the Treasury but on a par with secured creditors such as banks, which normally receive the most favorable treatment from bankruptcy courts. Perhaps the biggest losers are the investors in the old GM. None of the bankrupt company’s previous stockholders got any money, while the claims of thousands of investors who purchased the company’s bonds are still being kicked around in a

Posted 539 days ago.

luvthesouth

btw obama screwd the pooch over the auto bail-out. he stole the stockholders money and paid off the unions. government thievery by your boy.....not even an echo in the woods about that from you. i guess it's all about who the victim is....isn't it?

Posted 539 days ago.

luvthesouth

munster, where should clintons budget surplus have gone? there is no national savings account. the money for the budget is an annual spending budget to operate. it is derived from revenue from taxpayers. so in the next year should the surplus be given back to the american people, applied to new budget items or pay off debt? you tell me. i think bush gave it back to the taxpayer. that is a very foreign idea to you and the democrats. any extra must be spent. the wars were funded dear munster. they were just not funded through immediate tax receipts. what do you think the money we borrow or from selling treasury bonds is being used for now? thats right...we give it to the muslim brotherhood along with those pesky jets and tanks that bush and cheney bought with our money. sweet ain't it?

Posted 539 days ago.

luvthesouth

moderation, i noticed that in regards to the weather. many of our fruit trees have blooms on them already. your Phoenix i fear will make an abrupt turn as it's life-blood of "new" revenue will be leached out by free-spending washington. unfortunately, the electorate have allowed our representatives to spend us into this position. if anything this sequester has shown the disconnect between the american citizen and it's government. the machine does exist.

Posted 539 days ago.
 
 
 
 

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