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Created by Rick on Jun 8, 2010

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Since: Jun 12

Detroit City

#25780 Jul 10, 2013
Reality Check wrote:
<quoted text>
Didn't mean to say that but that's what I said so one for you. Does that mean the bankruptcy never happened since I said it wrong? I'm not up on the liberal rules of made up realities so I'll rely on you to clarify it.
No doubt it happen, and the US Treasury had a an loss of 1.3 billion dollars.

In 2011 Chrysler Group LLC had a revenue of 41.946 billion dollars, and 51,623 employees.

How much of that 1.3 billion did the US recoup in taxes in 2011 alone?

1.3 looks like a good investment to me, And I have to give sole credit to George W Bush for that particular loan.

Reality Check

Lonoke, AR

#25781 Jul 10, 2013
Oneford wrote:
<quoted text>
No doubt it happen, and the US Treasury had a an loss of 1.3 billion dollars.
In 2011 Chrysler Group LLC had a revenue of 41.946 billion dollars, and 51,623 employees.
How much of that 1.3 billion did the US recoup in taxes in 2011 alone?
1.3 looks like a good investment to me, And I have to give sole credit to George W Bush for that particular loan.
As a liberal, you would think it a good investment. It doesn't matter who was in charge, it was a bad loan. That money should have stayed in the pockets of those who earned it and let them spend it where they may. The sales tax alone from goods purchased would be staggering not to mention those who would have started their own business or increased the business they already owned with the money they had to give to GM and Chrysler. Your assumption is that 100% of the profit Chrysler made came as a result of the bailout. It didn't. All that bailout money allowed Chrysler to do is pay off debt that was killing their company. With the debt paid off, the money being used as payments suddenly became profit. The cars Chrysler made always brought a profit, just not enough to pay their debt. Chrysler's business practices were so bad that they sold for $0.29 on the dollar less than a year after getting the bailouts. IT WAS A BAD LOAN.
no name

Ashburn, VA

#25782 Jul 10, 2013
Oneford wrote:
<quoted text>
Better get yourself a crystal ball, this is the second post in a row you have not understood.
me thinkest thou art the artist formerly known as Barney 1, 2,and 3, and MILK, at least I hope there isn't anyone else out there with such a small and narrow mind.
Articulation skills as well as a lucid mind will help you clarify some of these goofy ramblings.
Oh, who am I kidding? Your mind has been so trained and programmed to repeat propaganda and rhetoric, there's not a lucid or original thought left in your old think tank!
lol

Oklahoma City, OK

#25783 Jul 11, 2013
Agree

Since: Jun 12

Detroit City

#25784 Jul 11, 2013
no name wrote:
<quoted text>
me thinkest thou art the artist formerly known as Barney 1, 2,and 3, and MILK, at least I hope there isn't anyone else out there with such a small and narrow mind.
Articulation skills as well as a lucid mind will help you clarify some of these goofy ramblings.
Oh, who am I kidding? Your mind has been so trained and programmed to repeat propaganda and rhetoric, there's not a lucid or original thought left in your old think tank!
Me thinkest thou has gotten their mouth full of sour grapes, side effect of having been embarrassed to many times by Barney 1, 2,and 3, and MILK.

Since: Jun 12

Detroit City

#25785 Jul 11, 2013
Reality Check wrote:
<quoted text>
As a liberal, you would think it a good investment. It doesn't matter who was in charge, it was a bad loan. That money should have stayed in the pockets of those who earned it and let them spend it where they may. The sales tax alone from goods purchased would be staggering not to mention those who would have started their own business or increased the business they already owned with the money they had to give to GM and Chrysler. Your assumption is that 100% of the profit Chrysler made came as a result of the bailout. It didn't. All that bailout money allowed Chrysler to do is pay off debt that was killing their company. With the debt paid off, the money being used as payments suddenly became profit. The cars Chrysler made always brought a profit, just not enough to pay their debt. Chrysler's business practices were so bad that they sold for $0.29 on the dollar less than a year after getting the bailouts. IT WAS A BAD LOAN.
Chrysler did not sell for .29 cents on the dollar. Its senior lenders received $2 billion, or about .29 cents on the dollar of the debt currently owed by Chrysler in BK.

Some 90 percent of the company's senior lenders were reportedly in support of the deal.

Here is the BK judge own words why he approved the deal;

Gonzalez cited the public interest as one of the reasons to move ahead with the sale. Because the billions of dollars in loans from the two governments, keeping the company alive it was decided that this course of action was the best opportunity for some repayment.

And five trillion has been paid back of TARP funds.
Propaganda GOP Style

Ash Flat, AR

#25786 Jul 11, 2013
no name wrote:
<quoted text>
me thinkest thou art the artist formerly known as Barney 1, 2,and 3, and MILK, at least I hope there isn't anyone else out there with such a small and narrow mind.
Articulation skills as well as a lucid mind will help you clarify some of these goofy ramblings.
Oh, who am I kidding? Your mind has been so trained and programmed to repeat propaganda and rhetoric, there's not a lucid or original thought left in your old think tank!
Food-Aid Foolery

Posted on July 10, 2013


To learn a bit about how partisans create false political propaganda, take a few moments to study what’s behind this headline:“More People Getting Government Food than Actually Working.”

That claim — appearing on the conservative GOPUSA site — is far from true.

The number of adults “actually working” was just under 136 million in April, according to the most recent figures from the Bureau of Labor Statistics. And the number of adults — and children — getting any form of federal food assistance was put at 101 million by a report from the U.S. Department of Agriculture’s Inspector General.

In other words, the GOPUSA headline is off by 35 million people. It’s also a false apples-to-fruit-salad comparison and a fallacious dichotomy as well, as we’ll show in a moment.

http://factcheck.org/2013/07/food-aid-foolery...
Reality Check

Camden, AR

#25787 Jul 11, 2013
no name wrote:
<quoted text>
me thinkest thou art the artist formerly known as Barney 1, 2,and 3, and MILK, at least I hope there isn't anyone else out there with such a small and narrow mind.
Articulation skills as well as a lucid mind will help you clarify some of these goofy ramblings.
Oh, who am I kidding? Your mind has been so trained and programmed to repeat propaganda and rhetoric, there's not a lucid or original thought left in your old think tank!
Agreed.
ifey

Mountain View, AR

#25788 Jul 11, 2013
Oneford wrote:
<quoted text>
Do you really think the UAW workers and UAW retirees came out of that bankruptcy without paying a price in lower wages and benefits themselves? Is that what you really think, REALLY? As I have pointed out already , Chrysler is now a foreign company unless you think Fiat is a American company.
Before you say what an auto worker should make per hour, may I suggest you put your ass on that assembly line in a plant so loud that you cannot here yourself think and do the same job every min. to 45 sec for 40 hrs. a week on a concrete floor, then tell me WTF you should make in salary. Better yet after 30 years of that they tell you, sorry oh-boy you are only going get half of those benefits you worked your ass off for the last 30 years. Now when you put yourself in those shoes you can tell me about what you know is best for the Auto Worker.
Nobody forced anyone to take those jobs. There are non union employees doing those same jobs everyday, without the union benifits and they appear to be happy and their companies are in much better shape. As a former member of a union, I can tell you, they do NOTHING, that is not in THEIR best interest. It's all about the union.
Billy Bob

Mountain View, AR

#25789 Jul 11, 2013
The only way the republitards with every win another national election, is to promise the Gimmee's more free stuff than the democraps. The Gimmee's now outnumber the workers in this country and it's down hill from here on out.
Reality Check

Camden, AR

#25790 Jul 11, 2013
Oneford wrote:
<quoted text>
Chrysler did not sell for .29 cents on the dollar. Its senior lenders received $2 billion, or about .29 cents on the dollar of the debt currently owed by Chrysler in BK.
Some 90 percent of the company's senior lenders were reportedly in support of the deal.
Here is the BK judge own words why he approved the deal;
Gonzalez cited the public interest as one of the reasons to move ahead with the sale. Because the billions of dollars in loans from the two governments, keeping the company alive it was decided that this course of action was the best opportunity for some repayment.
And five trillion has been paid back of TARP funds.
Here are some highligts from an article that explains the deal of Fiat aquiring Chrysler along with other aspects of Fiat operations not related to the Chrysler aquisition. TIFWIW.

Fiat would not have to pay any money for its 20% of Chrysler.

In addition, the proposed agreement would entitle Fiat to receive a further 15%(without cash consideration) through the achievement of specific product and commercial objectives. No cash or financial support was required from Fiat under the agreement. Instead it would obtain its stake mainly in exchange for covering the cost of retooling a Chrysler plant to produce one or more Fiat models for in the US.

On 10 January 2011, Fiat announced that it had increased its share in Chrysler from 20% to 25% following the achievement of the first of three performance objectives. On 11 April 2011, it announced achievement of the second performance objective, increasing its stake a further 5% to 30%. On 24 May 2011, Fiat announced that it had paid Chrysler US$ 1,268 million for a further 16% interest, increasing its stake total stake to 46%(fully diluted).

In a regulatory filing dated 22 July 2011, the Michigan-based automaker reported that Fiat held a 53.5% interest (fully diluted). Fiat and Chrylser have both stated that they expect that interest to reach 58.5% by the end of 2011 as result of achievement of the third of the three performance objectives. In 5 January 2012 Fiat released press info that the ownership has increased to 58.5%. The stake was further increased to 68.49% in July 2013.

Fait owns more of Chrysler than I thought but they are not sole owners. This brings up the disturbing fact that our government sent our hard earned tax dollars over seas which strengthens my argument that IT WAS A BAD LOAN and there should have been no bailout at all. No matter how you look at it, your in a lose lose situation on this. I wasn't aware that $5 TRILLION of a $418 BILLION loan has been repaid. Maybe a thought process like that is why liberals think the country is doing so well. If REALITY played out like that then we would be doing great. BTW, I don't know what BK stands for.

Since: Jun 12

Detroit City

#25791 Jul 11, 2013
Reality Check wrote:
<quoted text>
Here are some highligts from an article that explains the deal of Fiat aquiring Chrysler along with other aspects of Fiat operations not related to the Chrysler aquisition. TIFWIW.
Fiat would not have to pay any money for its 20% of Chrysler.
In addition, the proposed agreement would entitle Fiat to receive a further 15%(without cash consideration) through the achievement of specific product and commercial objectives. No cash or financial support was required from Fiat under the agreement. Instead it would obtain its stake mainly in exchange for covering the cost of retooling a Chrysler plant to produce one or more Fiat models for in the US.
On 10 January 2011, Fiat announced that it had increased its share in Chrysler from 20% to 25% following the achievement of the first of three performance objectives. On 11 April 2011, it announced achievement of the second performance objective, increasing its stake a further 5% to 30%. On 24 May 2011, Fiat announced that it had paid Chrysler US$ 1,268 million for a further 16% interest, increasing its stake total stake to 46%(fully diluted).
In a regulatory filing dated 22 July 2011, the Michigan-based automaker reported that Fiat held a 53.5% interest (fully diluted). Fiat and Chrylser have both stated that they expect that interest to reach 58.5% by the end of 2011 as result of achievement of the third of the three performance objectives. In 5 January 2012 Fiat released press info that the ownership has increased to 58.5%. The stake was further increased to 68.49% in July 2013.
Fait owns more of Chrysler than I thought but they are not sole owners. This brings up the disturbing fact that our government sent our hard earned tax dollars over seas which strengthens my argument that IT WAS A BAD LOAN and there should have been no bailout at all. No matter how you look at it, your in a lose lose situation on this. I wasn't aware that $5 TRILLION of a $418 BILLION loan has been repaid. Maybe a thought process like that is why liberals think the country is doing so well. If REALITY played out like that then we would be doing great. BTW, I don't know what BK stands for.
You would have know that if you would have read my post #25775.

Were you aware that;

Chrysler Group LLC repaid $5.1 billion in outstanding loans. That brought the total repayment, as of May 24, to $10.6 billion — about $1.9 billion less than the $12.5 billion the company borrowed under the Troubled Asset Relief Program, or TARP.

http://www.factcheck.org/2011/06/chrysler-pai...

Don't you think is odd that an Administration you called
"socialistic"
return 10.6 billion back to the US Treasury, instead of keeping it like a true socialistic government?

Money over seas, now that is just nuts. The US gets over ten billion back in the Treasury, the French have the major portion of Liability, and the US has the jobs and the tax revenue.

You are not any better at being a smart ass than you are going "toe to toe" in politics

Retard

Searcy, AR

#25792 Jul 11, 2013
What a waste of good air you are bro...
Reality Check

Lonoke, AR

#25793 Jul 11, 2013
Oneford wrote:
<quoted text>
You would have know that if you would have read my post #25775.
Were you aware that;
Chrysler Group LLC repaid $5.1 billion in outstanding loans. That brought the total repayment, as of May 24, to $10.6 billion — about $1.9 billion less than the $12.5 billion the company borrowed under the Troubled Asset Relief Program, or TARP.
http://www.factcheck.org/2011/06/chrysler-pai...
Don't you think is odd that an Administration you called
"socialistic"
return 10.6 billion back to the US Treasury, instead of keeping it like a true socialistic government?
Money over seas, now that is just nuts. The US gets over ten billion back in the Treasury, the French have the major portion of Liability, and the US has the jobs and the tax revenue.
You are not any better at being a smart ass than you are going "toe to toe" in politics
Who controls the US Treasury? You got it, the Socialistic democratic Obama administration. They even put a tax cheat in Timothy Geithner in charge of it. Can't believe you even went there. Were not going toe to toe. Your already trying to pick yourself up off of the mat. It was over before it even started. You never had a chance.
fine wine

San Jose, CA

#25794 Jul 12, 2013
Oneford wrote:
<quoted text>
Me thinkest thou has gotten their mouth full of sour grapes, side effect of having been embarrassed to many times by Barney 1, 2,and 3, and MILK.
I have certainly been embarrassed FOR you, Barn. However, the only embarrassing thing here is you, and your inability to accomplish...Well, anything productive.
Now embarrassing yourself? You have mastered that technique, and frankly, I'm glad that you are so good at it!
Does us all good to have such a loyal leftist defend their case in such an inept and embarrassing manner as you do.
You are your party's worst enemy! You really are quite a spectacle!!
fine wine

Ashburn, VA

#25795 Jul 12, 2013
Reality Check wrote:
<quoted text>
Who controls the US Treasury? You got it, the Socialistic democratic Obama administration. They even put a tax cheat in Timothy Geithner in charge of it. Can't believe you even went there. Were not going toe to toe. Your already trying to pick yourself up off of the mat. It was over before it even started. You never had a chance.
True story!!
Barney has been down, pinned, and counted out.
Every one here knows this...except for Barney.
And you are right! He never stood a chance!!

Since: Jun 12

Detroit City

#25796 Jul 12, 2013
Reality Check wrote:
<quoted text>
Who controls the US Treasury? You got it, the Socialistic democratic Obama administration. They even put a tax cheat in Timothy Geithner in charge of it. Can't believe you even went there. Were not going toe to toe. Your already trying to pick yourself up off of the mat. It was over before it even started. You never had a chance.
Reality Check I owe you an apology, I had mistaken you for just another run of the mill Topix Troll, unfortunly it appeaers you are mentaly handicap. In the future I will refrain from exploiting your disability, and I wish you the best of luck.
Twofer

Jonesboro, AR

#25797 Jul 12, 2013
Oneford wrote:
<quoted text>
Reality Check I owe you an apology, I had mistaken you for just another run of the mill Topix Troll, unfortunly it appeaers you are mentaly handicap. In the future I will refrain from exploiting your disability, and I wish you the best of luck.
How easy to see yourself in others

Since: Jun 12

Detroit City

#25798 Jul 12, 2013
Reality Check I owe you an apology, I had mistaken you for just another run of the mill Topix Troll, unfortunate it appears you are mentally handicap. In the future I will refrain from exploiting your disability, and I wish you the best of luck.


Just to test my theory Reality Check which of
my last two post, or both contain misspelled words?

Since: Jun 12

Detroit City

#25799 Jul 12, 2013
Twofer wrote:
<quoted text>
How easy to see yourself in others
Since you relate yourself so closely to Mr. Reality Check, I will extend you the same courtesy, and good luck to you too.

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