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Hey ! I'm AOC and I just cost New York 27 Billion in Tax dollars !

Drumcollie

* See DC's list of Kook posters*
GM paid more back than they got. So far foxconn has ONLY CONNED Wisconsin.
I'd review the numbers:

U.S. government says it lost $11.2 billion on GM bailout ...
https://www.reuters.com/article/us-autos-gm-treasury-idUSBREA3T0MR...
Apr 30, 2014 · WASHINGTON (Reuters) - The U.S. government lost $11.2 billion on its bailout of General Motors Co (), more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM

Why "Government Motors" Still Owes You -- The Motley Fool
https://www.fool.com/.../23/why-government-motors-still-owes-you.aspx
GM has technically satisfied the terms of its bailout, but it still owes taxpayers a lot of money. The remainder in interest and dividends on loans and preferred stock. Plain and simple, that leaves about $20 billion outstanding. As of the end of February, Treasury still had roughly 277 million shares of GM to sell.



Not Only...But:

On May 30, 2009, it was announced that a deal had been reached to transfer New Opel (Opel plus Vauxhall, minus Saab) assets to a separate company majority-owned by a consortium led by Sberbank of Russia (35%).

Obama colluded with Russian over the GM Bailout.
 

Drumcollie

* See DC's list of Kook posters*
Well, I must admit. I was stupid enough to think we would have that 3 billion to give to teachers blah blah blah.

Doh !!!!!

That was just the break they were going to get over 10 years.

I better shine up that Economics degree I have from Boston College lol
Immaculate reception???
 

Drumcollie

* See DC's list of Kook posters*
NC #39
New York State tax rates are set by legislative process, in Albany.

What Governor Cuomo and Mayor Deblasio did was to circumvent the will of the people.
Not some incidental, de minimus infraction. $Literally $Billions of $dollars were at issue.

And why? For 25,000 jobs?
For 25,000 costing $3 $Billion, that's a $cost to the $tax $payer of $120K per job.
That's quite likely over a year's salary on median, for the jobs on offer.

But I understand.
You don't mind $gifting $Billions to $Billionaires.
Perhaps someday if you ever study $fiscal $conservatism, and the fundamentals of ethical principle, you'll learn why this was a bad deal for New York.
Excellent point!

What Governor Cuomo and Mayor Deblasio did was to circumvent the will of the people.
Lets ask the questions:

How much did Cuomo get paid off for this deal?

Was the will of the people to not have 25,000 jobs?

Wasn't Amazon gonna get the tax free deal that NY State has for business?

So you are saying democrats do not give a crap out the citizens? You are now free to join another political party.
 

Drumcollie

* See DC's list of Kook posters*
Nobody was buying cars...nobody was buying GM stock.

I had stock in a company that I had a stop loss on....the stock price dropped from $20 to $4 and there were no buyers...eventually trading was halted and another company bought them for $2 per share. Why didn't someone come forward to buy Lehman?

Lots of examples exist of companies that simply cease to do business, their assets are sold and their employees are unemployed. Where is Packard? Largest abandoned factory in the USA.

Excellent point on what democrats do to businesses.
 

Boca

Governor
I wonder how many people in her Congressional District were hoping they could land an Amazon job at over 100k?

One term flash in the pan? Back to the saloon Airbead-Occasional-Cortex?

Pelosi better muzzle her before it's too late.
 

Raoul_Luke

I feel a bit lightheaded. Maybe you should drive.
It is a start. New York needs to reform it's spending and tax policy.
But it isn't. In fact it is working diligently to make them worse. The idea that it is a "conservative" or "free market" view that the use of this kind of business subsidy to help socialist locations win businesses away from actual conservative, free market locales is puzzling to me.
 

Raoul_Luke

I feel a bit lightheaded. Maybe you should drive.
If he could have continued as CEO, taking GM through chapter 11 and back to profitability...why would Wagoner choose to resign? How in hell would that have been better for him to go down as a failure?
What makes you think he should have been able to do so? In fact, he drove the company into the ditch (unlike Mulally at Ford) by loading up on debt as the economy slowed. He deserved to lose his job. Of course, he did so with the full assistance of the UAW, so likewise, they should have lost their jobs. The idea that nobody should lose their job in a downturn is absurd!
 

Nutty Cortez

Dummy (D) NY
New York City is NYC ?!?!

- oh -

Do you plan to apply for a patent on that? Or do you think public domain is the way to go?

Unmistakably.
But apology will not unring the bell.

I've previously explained that I've done PRECISELY that.

Liberal Dictionary Words of the Day

I've never paid $3 $Billion over sticker for a car in my life. And if you have you're even more of a buffoon than I thought.

a) It was going to cost $3 $Billion.

b) In addition to that it was going to substantially burden the local infrastructure.

Wow. I am SO glad my liberal socialist brethren are this dumb.

Who was going to pay the 3 billion ? NOBODY - It was a discount.

I know you can't understand this. But even someone as dumb as ME stated ' now we can use that 3 billion they have hanging around for teachers and such'. LOL

Some people actually thought they were paying Amazon . ROFL

Welcome to my liberal idiocy universe !
 

middleview

President
Supporting Member
What makes you think he should have been able to do so? In fact, he drove the company into the ditch (unlike Mulally at Ford) by loading up on debt as the economy slowed. He deserved to lose his job. Of course, he did so with the full assistance of the UAW, so likewise, they should have lost their jobs. The idea that nobody should lose their job in a downturn is absurd!
Unreal...you're like a pinball game. Bouncing from bumper to bumper.

Obama forced him to resign in return for federal loans. So now you agree that Obama made a good decision there, eh?

The point was that you think the CEO had a choice...he could have gone into Chapter 11 bankruptcy and kept his job...Right? Except that the reorganization plan has to detail how the company will come up with $50 billion to finance continuing operations and they had no other source of cash. The feds were the bank of last resort.
 
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