Mitt ,G.M is Alive Because of Obama Not Romney
Posted in the Livingston Forum
#1 Oct 9, 2012
General Motors Is Alive
Oct 9, 2012 | By ThinkProgress War Room
The Rescue of the Auto Industry — By the Numbers
At the height of the financial crisis, some people, including Mitt Romney, said we should “let Detroit go bankrupt.” And Bain Capital was one of the many private investors that refused to invest in the auto industry when it stood on the brink of collapse.
Fortunately, President Obama saved the U.S. auto industry and now it’s roaring back. For example, just today we learned that General Motors is adding another 2,000 jobs in Michigan. These jobs are coming to Michigan as part of larger effort to insource thousands of jobs at the world’s largest automaker.
And this is just the tip of the iceberg. Here’s a look at the auto rescue — by the numbers.
More than 1 million: Jobs saved by the auto rescue.
$85 billion: Total spent by the U.S. government on the auto rescue.
$60 billion: Amount the government will likely recover.
$7.2 billion: Savings to taxpayers from reduced unemployment, Social Security, and other benefits in 2009 and 2010.
$97 billion: Estimated losses in personal incomes prevented by the auto rescue.
26 percent: Remaining stake (of the initial 61 percent stake) held in GM by the government.
0: Number of Chrysler shares currently held by the government.
167,000: Number of jobs the automakers and their suppliers are forecasted to add by 2015.
2.5 million: Number of people employed by the U.S. auto industry today, up from 2.3 million in August 2009.
3.3 million: Cars and light trucks sold by GM and Chrysler in the past 12 months, up from 2.9 million in the previous period.
BOTTOM LINE: Mitt Romney said to “let Detroit go bankrupt,” but we didn’t do that and now the auto industry is helping to fuel the recovery in states across the country, particularly Michigan and Ohio.
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#2 Oct 9, 2012
When do you think GM will pay us back.
Since: Aug 12
#3 Oct 9, 2012
Alive, well, and sending more jobs to China everyday. Wow we did a good job there didn't we? Did they let Michigan employees go to China too or just give them a small severance check?
#4 Oct 9, 2012
Simple. NEVER GOP! Been there done that.
#5 Oct 9, 2012
Lets get one thing straight Obama did not save gm tax payers did. Obama was not the first president to bail out gm, bush did it 2 times why don't you give him credit for giving Obama the chance to give out our money. How about when Reagan bailed out Chrysler he gave Obama a chance to do it again, but democrats can not give an ounce of credit to any republican.
Do you ever think that Romney said that because gm has been bailed out several times, and is about to file bankruptcy again?
#6 Oct 9, 2012
I know I can't spell but can you "copy/paste" people please not try to do a book and also fix it to where I can understand it. Example: “a blessing in disguise,&8217; .... Wait are you one of the lazy
#7 Oct 9, 2012
When will GM give us our money back
#8 Oct 9, 2012
how bout Ford and not taking any money and they are doing good last i checked. Saved by our tax money GM is lol. If GM didnt over pay their union workers maybe they wouldn't need a bail out
#9 Oct 10, 2012
They already have plus interest of 21%,if you watch anything but fox you would have know that..
When will you learn?
watch MSNBC each night from 5 to 10 P.M and learn about Crooked Republicans and Good Democrats...
#10 Oct 10, 2012
It was the Union Worker it was the overpaid CEO's learn before you type..
G.M Made more money the last 6 month then anytime in history plus paying off the loan they got from the Taxpayers plus 21% interest..
Unions even help people as you ,if you would only learn to read and learn economices.
#11 Oct 10, 2012
Bush NEVER saved anyone but the very rich with his bush tax cuts
#12 Oct 10, 2012
Overton County People never invented a rocket or never will.
PLAY BALL BOYS AND GIRLS..
#13 Oct 10, 2012
roflmfao, like you would know the difference in crooked and GOOD.
#14 Oct 10, 2012
Maybe you need to watch some news. The only loan they have paid back is one of the bush era loans, they are still working on the other. They have NOT paid back the Obama loan.
#15 Oct 10, 2012
It really is Very simple. Ignore what the Politicians and Major Network say.
Look at what is actually happening.
16 TRILLION DEBT. Very few new jobs, about 10% of what is being sent outside the country.
If you don't work for a living vote for Obama and continue to move toward Socialism and elimination of Christian Values.
If you do work or want to work, vote for Romney. He has actually had a real job and would like to Increase wages for low paying jobs for Citizens and increase the number of jobs available.
By the way did you know there are NO Protestants on the Supreme Court. Where is that taking us??
#16 Oct 10, 2012
Thanks Mr. Obama for saving G.M.
Thanks Mr. Obama for the 16 trillion debt we now have.
Our great, great, great...... will be paying the tab from now on out.
Mr. Obama you should have been a rocket-scientist and not a President.
#17 Oct 10, 2012
lIE lie lie, They have still not paid us all and they have not paid interest of 21% As of September 2012, General Motors (GM) is still indebted to the US Government for $27.2 billion.
As part of the Troubled Asset Relief Program (TARP), GM received a total of $50.7 billion. The government also holds an approximately 26% stake in the equity of GM. A current report issued to Congress showed that if the government were to sell its position in GM, it would be at a loss of $25.1 billion to the American taxpayer. You libs are full of it.
Read more http://www.kgbanswers.com/how-much-money-does... %.
Since: Aug 12
#18 Oct 10, 2012
THE TRUTH ABOUT WHAT OBAMA SAVED WHEN HE "SAVED" G.M.
We need to look no further than General Motors’ own figures to learn that GM outsources almost two thirds of its jobs overseas. Less than one in five GM vehicles are manufactured in the United States.
To be exact: GM’s December 31, 2011 annual report shows General Motors of North America accounting for 98,000 of the 207,000 GM jobs worldwide. But 12,000 of these jobs are in Canada and 11,500 are in Mexico. Accordingly, GM has 74,500 jobs in the United States and 122,500 abroad, even after Obama’s touted surge in Detroit jobs. Almost two thirds of GM’s jobs are in other countries.
GM’s outsourcing is not a slip. GM clearly states that foreign investment and outsourcing of jobs are an integral parts of its growth strategy.
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