You are in power? I don't f*ckin think so. You are nowhere near being on my side of the debate.
Hey ! I'm AOC and I just cost New York 27 Billion in Tax dollars !
- Thread starter Nutty Cortez
- Start date
If you were right...what happened to Packard? Why didn't anyone buy the company?
Chapter 7 does not keep a million people working. Buy the company for it's assets and there go the dealer networks and suppliers. What you have then is real estate.
Who was the "someone" with cash? Certainly not Icahn. There was nobody unharmed in the crash. Even Chrysler couldn't find a buyer.
You can continue to rely on your Chrystal ball all you like. Facts seem to elude you. There was no government intervention until GM came to congress and said if you don't help us we are done.
Nutty Cortez
Dummy (D) NY
C'mon lil guy ! Of course you are.
Bawling about Trump daily. Making stupid comments.
Flawed thinking and borderline retarded.
Getting flogged here daily and made to look stupid - BUT your political beliefs trump reality and fact.
Yep, Just like me. I am pleased to be on your side. Woot Woot !
I have yet to read anything from you that is fact based. Nothing that could be classified as an honest appraisal of Trump's actions. You are certainly borderline retarded...and if I were you I'd be embarrassed by how frequently the posts you write are shown to be idiotic.
Feel free to try to keep up the lunacy that you are pretending to be Cortez. I'm sure you think it is cute.
Amazon doesn't pay taxes..
REVEALED: Amazon pays NOTHING in federal corporate taxes for the second year running despite doubling its profits to more than $11billion
https://www.dailymail.co.uk/news/article-6703757/Amazon-pays-federal-corporate-taxes.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
Making stupid comments? So tell us how a company that has earnings of $5.6 billion pays $27 billion in state taxes.
https://www.dailymail.co.uk/news/article-6703757/Amazon-pays-federal-corporate-taxes.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
What were the options in 2009? Let GM and Chrysler fold and put a million workers out on the street. Or lend them billions to stay in business...
There was no investor who came forward at the end of 2008 to bail them out. That is why they went to congress. So 10 years later they plan to trim 14,000 workers. Gee...why would they do that with the Trump economy doing so well? Did you hear Sears is going under? Did you hear that all of the Payless shoe stores are closing?
Maybe Trump's economy isn't doing as well as he says it is.
Raoul_Luke
I feel a bit lightheaded. Maybe you should drive.
So what is your point here? That Obama forced him to resign despite his stellar performance as CEO? What?
The truth is he made him resign because the UAW wanted him out.
Nutty Cortez
Dummy (D) NY
We are talking state and city taxes. I guess you got confused in your rage of ignorance.
You keep proving to be dumb enough to be one of my constituents. Keep them coming !
Nutty Cortez
Dummy (D) NY
Earnings ? Gross Income or Net Income ? Oh wait, you are dumber than me. You don't know what these things are
Let me help with pointing out your one of many mistakes.
Amazon’s revenue across all business segments totaled $232.89 billion in 2018, up 30.9% from $177.87 billion in 2017. Amazon’s net income was $10.07 billion, up 232.3% from $3.03 billion in 2017, with Amazon deriving about half of its operating income from AWS and half from its North American segment. International operations continue to lose money.
Nutty Cortez
Dummy (D) NY
Mistake 2. The 27 Billion was over - 10 years - State and City Tax. How don't you know this ?
But please stay like this. If you looked up facts, you might not be a liberal worshiper of your homegirl AOC and others. Thank You !
ah, so now a company that has $5.6 billion in revenue pays 50% state taxes per year?
and somehow that becomes a $2.7 billion in revenue per year to New York state....Earnings ? Gross Income or Net Income ? Oh wait, you are dumber than me. You don't know what these things are
Let me help with pointing out your one of many mistakes.
Amazon’s revenue across all business segments totaled $232.89 billion in 2018, up 30.9% from $177.87 billion in 2017. Amazon’s net income was $10.07 billion, up 232.3% from $3.03 billion in 2017, with Amazon deriving about half of its operating income from AWS and half from its North American segment. International operations continue to lose money.
Where do you get your information?
So New York has lost 25,000 jobs? You can't lose what you don't have.
Raoul_Luke
I feel a bit lightheaded. Maybe you should drive.
The union was every bit as responsible for GM's plight as Wagoner was, yet THEY weren't ousted. The "government" (read: Barack Obama) forced him out. The "government" (read: Barack Obama) ensured the UAW was protected every step of the way. What was the reason given for Wagoner's ouster? Spoiler alert - there wasn't one. You can't add two and two and get four?
Translation: I made it up, like I do most of my "facts".
Raoul_Luke
I feel a bit lightheaded. Maybe you should drive.
Do you have any "facts" as to why he was ousted? I am interpreting the events using logic. You DO know that Obama stood a hundred years of bankruptcy law on its head to protect the UAW, right?
Where did that money go? Mainly, it went to paying off debts owed by GM and Chrysler, and – in an historic distortion of our bankruptcy proceedings – to securing the pensions and livelihoods of UAW workers. It turns out the real debt was that of Mr. Obama to organized labor, which had ponied up some $400 million to help him defeat John McCain.
The Obama administration strong-armed the auto companies’ creditors into accepting undeniably unfair terms – terms that saw pensions obliterated for non-union workers but saved for those carrying a UAW card. Terms that saw non-UAW shops close but UAW factories stay open. Terms that doled out ownership in GM with political favoritism as a guiding principle.
These charges are not at issue. In the government-managed reorganization of GM, bond holders (secured bond holders, who normally are at the top of the pay-out chart) were given equity in the carmaker at a price of $2.7 billion per one percent ownership. The government ended up paying $834 million for every one percent it claimed; the UAW paid only $629 million.
https://www.thefiscaltimes.com/Columns/2012/10/17/Obamas-Auto-Bailout-Was-Really-a-Hefty-Union-Payoff
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