manny4life: ^^^
Let me borrow your own statement "You just posted an essay ridden with verbose, without actually saying anything..."

As usual, you NEVER fail to disappoint. STOP beating around the bush and get straight to the point.

You claimed Obama did not rescue the Detroit car manufacturers which are lies. Obama rescued these companies, go back and read it again,

GM and GMAC (an arm of GM) got more than $28billin,

Chrysler and Ford Motors got combined more than $6billion,

So what are you talking about?

Bush initiated it, so what? Bottom line is that Obama tapped into the loans and doled out about $34billion to GM, FORD and Chrysler. Aren't there other programs that Bush inherited from Clinton?

The monies they got, was it not paid back? Wasn't the money from the TARP loan? I'm trying hard to understand what you're talking about, Or do you think TARP was ONLY for mortgage/financial institutions ONLY?

GM restructured and is in good shape at least as of last year, they paid back their loans and moving on, so if they're in bad shape now, did it mean Obama hadn't rescued them? He saved tens of thousands of jobs when they needed him the most, that's why he's loved in Detroit... go and ask

We're talking about the Detroit three, and you, you've digressed talking about mortgage... seriously?

The “number-one automaker” assertion is no more accurate. Obama’s sales totals include 1.2 million mostly cheap commercial vehicles built by China’s Wuling, a company in which GM owns a small stake, and it excludes sales by vehicle makers in which Volkswagen owns a majority share. Fortune magazine lists GM’s revenue as smaller than Toyota’s and Volkswagen’s.

The only real winners from the GM bailout were unions, which were protected from pay cuts, from losing their right to overtime pay after less than 40 hours a week, and from cuts to their extremely generous benefits. They faced only minor tweaks in their inefficient union work rules.

http://www.nationalreview.com/articles/300075/obama-and-gm-cook-books-john-lott-jr#

shymexx:

He 'rescued' them, but how is Detroit doing?

This is how Obama rescued GM:

manny4life:
How are they doing? Well, they are doing great. Every business is suffering in this recession period though the recession is easing out. Car sales has been up at least, since last year, so good news. Now they might be running a lil behind which is common, BUT not terrible bad shape like they were (close to filing a Chapter 11).

My friend STOP being mischievous, every car that was sold in the U.S. was manufactured "MADE IN U.S.A ". The money doled out to them was strictly for U.S. manufacturing, and YES, they paid it back. Everyone knows labor is expensive here in the U.S., so what's the fuss about? I don't even like unions but what's the big deal?

Claims that GM paid back its TARP loan are true but misleading. President Obama clearly wants to create the impression that all the money given to the auto companies has been paid back. But the $6.7 billion loan to GM was just a tiny fraction of the money given to it. As TARP special inspector general Neil Barofsky explained, GM used “other TARP money” to pay off the loan.

http://www.nationalreview.com/articles/300075/obama-and-gm-cook-books-john-lott-jr#

TARP special inspector general Neil Barofsky explained, GM used “other TARP money” to pay off the loan.

http://www.nationalreview.com/articles/300075/obama-and-gm-cook-books-john-lott-jr#

The administration forced out the CEO of General Motors, Rick Wagoner

FOIA, (Freedom of Information Act), filings found that GM’s TV ad campaign last year that misleadingly* claimed that the company had paid back its government loan in full was approved by the administration. They also uncovered e-mails between GM CEO Ed Whitacre and various Treasury and other federal officials a month in advance of GM’s announcement of TARP loan repayments. These emails included draft schedules, draft remarks to be given by Mr. Whitacre, and draft press releases from both GM and the Treasury Department.

*GM did not payback the TARP loans as their announcement appeared to say. They only paid back one particular loan package of $6.7 billion - not the $49.5 billion the announcement implied. Even worse was that GM also did not repay the loan with monies and profits from the newly invigorated company - they paid it back with more TARP funds from another TARP escrow account, none of the repayment funds came from GM monies.

http://gaanderson.hubpages.com/hub/Obama-General-Motors-GM-Tarp-Bailout-Untold-Details

Freiburger:
The guy earlier admitted he has no clue about what Mit Romney is what up to, that also implies ha has no clue about what the US election is all about. All he do is pick up point he have a little or no knowledge about and capitalize on it. Imagine the dude telling me about the US present debt figures, when he knew Bill clinton left over 5 $trillion behind when he left office, and Bush came and spent the whole cash on wars and tax cuts for the wealthiest Americans. Now he expect Obama to do a black magic within a short space of time.

Freiburger:
The guy earlier admitted he has no clue about what Mit Romney is what up to, that also implies ha has no clue about what the US election is all about. All he do is pick up point he have a little or no knowledge about and capitalize on it. Imagine the dude telling me about the US present debt figures, when he knew Bill clinton left over 5 $trillion behind when he left office, and Bush came and spent the whole cash on wars and tax cuts for the wealthiest Americans. Now he expect Obama to do a black magic within a short space of time.

manny4life:


LOL, that's what pisses me off the most from folks who have no clue on what they talk about. Not only did bush spend Clinton's surpluses, he ran deficits into the trillions, YET, people have the nerve to accuse Obama. At least Obama was spending it, trying to revive the economy, Bush spent almost all of it on WARS, yes you heard WARS. That we're here today is because Obama rescued the banks, rescued the manufacturing industry, Agriculture through DoA, and still trying to help with tax credit to stimulate spending. I'll pick Obama any day than Romney.

afam4eva:
Why don't you summarize it in one word.

CFCfan: Fellow Nlanders resident in the United States and Nigeria, did u guys watch Michelle Obama's speech? I always thought she was an effective surrogate for her husband in the campaign. But men, that speech was almost Earth-shaking. Even some cable news pundits (from FOX, MSNBC and CNN) said it was the best political speech given by any U.S. First Lady. Any thoughts?

her speech:
http://www.nytimes.com/video/2012/09/05/us/politics/100000001760461/michelle-obamas-speech-at-the-dnc.html

Full Text



http://www.washingtonpost.com/blogs/election-2012/wp/2012/09/04/dnc-2012-michelle-obamas-speech-at-the-democratic-national-convention-full-text/?tid=pm_politics_popitchell

onaanjoabiodun: Hmmnnnnn!!!!!success isn’t about how much money you make, it’s about the difference you make in people’s lives. "what a Food 4 thought" great and breathe taking speech.

teezlycrest: And she didn't tell us how the husband position helped to pull down our world bank candidate Ngozi! Smh

elampiro: Which surplus?
When Cliton left, America was in debt of over $5trillion, not surplus. Check your records. Bush added 5trillion in 8 years. Obama has added $6trillion in 3 1/2 years only.

[size=13pt] Yeah the debt at the end of the Clinton presidency was just over $5t, Bush added his own gbese to that and Obama was left to pick up the tab for G. Bushs' mismanagement of the economy and the raging wars. The debt increase under Obama was inevitable if an economy on a downward spiral was going to be saved. Most of the spending under him have been from economic stabilizers to prevent a total collapse.
Everyone blames Obama for his/her misfortune, even boys in the hood, who do nothing but smoke weed all day keep complaining he has done nothing for them.
The democrats ain't 100% perfect with their policies but they're way better than the republicans and Obama is by far a better option than Romney.[/size]

Kay-Dee:

[size=13pt] Yeah the debt at the end of the Clinton presidency was just over $5t, Bush added his own gbese to that and Obama was left to pick up the tab for G. Bushs' mismanagement of the economy and the raging wars. The debt increase under Obama was inevitable if an economy on a downward spiral was going to be saved. Most of the spending under him have been from economic stabilizers to prevent a total collapse.
Everyone blames Obama for his/her misfortune, even boys in the hood, who do nothing but smoke weed all day keep complaining he has done nothing for them.
The democrats ain't 100% perfect with their policies but they're way better than the republicans and Obama is by far a better option than Romney.[/size]

elampiro:

So is the economy stable now?

CFCfan: Fellow Nlanders resident in the United States and Nigeria, did u guys watch Michelle Obama's speech? I always thought she was an effective surrogate for her husband in the campaign. But men, that speech was almost Earth-shaking. Even some cable news pundits (from FOX, MSNBC and CNN) said it was the best political speech given by any U.S. First Lady. Any thoughts?

her speech:
http://www.nytimes.com/video/2012/09/05/us/politics/100000001760461/michelle-obamas-speech-at-the-dnc.html

Full Text



http://www.washingtonpost.com/blogs/election-2012/wp/2012/09/04/dnc-2012-michelle-obamas-speech-at-the-democratic-national-convention-full-text/?tid=pm_politics_popitchell