[DGUtley]

The Constitution requires the federal goverment to be able to defend the country and its citizens. If it's by tank -- then so be it. www.driveatank.com

[SBFAMILY]

Mansfield Ohio probably suffered the worse with the closure of GM and loss of jobs. Many other feeder company were not paid and closed and many loss jobs that were related to GM. But it didn't stop there. How many teachers, retired workers, and you in your 401K's and IRA's had GM stock? How much did you get for it? So who really got hurt and paid for the bailout? This is why we have bankruptcy laws in this country. The little guy always gets hurt.

[wisdome]

Originally Posted by bethere

your hero jim jordan would bail out the abrahms tank people in lima because (he says) he wants to make sure we have the ability to make heavy industrial products... even though we can't sell that product, that product will never be used, and the military DOES NOT WANT ANY MORE OF THAT PRODUCT.

the truth is he is behind the tank because he knows his electoral butt is on the line in a new district--PERIOD.

if he was sincere about the manufacturing base he'd have been all in for the bailout of detroit.

he isn't, he wasn't, and i think i have proved my point well.

The Military does not see a need to buy them at this point due to their reliability, however, there are countries still requesting to purchase the tanks such as Saudi Arabia, Morocco, Iraq and Egypt.

[SBFAMILY]

Only issue bethere doesn't have all the facts! http://www.miamiherald.com/2012/07/3...er-pushes.html A liberal newspaper.
At a March 9 hearing of the House subcommittee dealing with land forces, Rep. Silvestre Reyes, D-Texas, railed against the Army’s decision to freeze work on the Abrams. Since the start of 2001, Reyes has received $64,650 in GD donations, including $1,000 on March 10, the day after the hearing, according to the data. Reyes' office did not return a request to comment; his overall campaign receipts in the current election cycle have been $1 million.

For example, when House Armed Services Committee member Hank Johnson, D-Ga., held a campaign fundraiser at a wood-panelled Capitol Hill steakhouse called the Caucus Room just before Christmas last year, someone from GD brought along a $1,500 check for his re-election campaign. Several months later, Johnson signed a letter to the Pentagon supporting funding for the tank. Johnson spokesman Andy Phelan said the congressman has consistently supported the M-1 “because he doesn't think shutting down the production line is in the national interest."

http://www.iwatchnews.org/2012/07/30...not-be-stopped Interesting that bethere forgot about all the Dem's on the list!

[QuakerOats]

http://www.politico.com/politico44/2...ng-131566.html

He has completely lost it ................ amazing.

[BGFalcons82]

Originally Posted by QuakerOats

http://www.politico.com/politico44/2...ng-131566.html

He has completely lost it ................ amazing.

No, you have it all wrong, QO. He's talking about roads and bridges again. He wants to build roads and bridges in America, not overseas.

[minsterman]

Originally Posted by NBHS_1988

Keeping an Army tank plant open is a smart thing to do.

You do not know when the US will be going to war, plus, we can sell tanks to our allies, like Israel.

Sorry, we are at war with Islam.

my understanding is that the tank is becoming obselete.......

[minsterman]

Originally Posted by east_ohio

Most if not everything that caused the U S Auto industry to need a taxpayer bailout should be corrected and should never be repeated. The taxpayers should not be put into the position to correct "their" mistake a second time.

shouldn't have done it the first time......we bailed out the unions.....besides the incoming employees to a pay cut.....does GM still have janitors making $125,000 year?

[NBHS_1988]

Sen Obama voted yes on Tarp 1.

[o.a.b.]

Originally Posted by minsterman

shouldn't have done it the first time......we bailed out the unions.....besides the incoming employees to a pay cut.....does GM still have janitors making $125,000 year?

.....do we still have $175,000/annual do-nothing congressmen ? Blame unionized labor all you want--GM's problems began and ended with accountants running the show instead of engineers.Honda employees make as much and the finished product is as good as it is BECAUSE of the engineering built into it.There's dead beats in every factory,union or non-union.Unions don't make people lazy----bad parents do !!

[SBFAMILY]

o.a.b. Here is where your argument falls apart. When the union trys to get the job back from a city workerwho is caught cheating and stealing from us that pay taxes. The system ,Unions have work rules that make it difficult to clean up the crooks.
http://www.mansfieldnewsjournal.com/...nclick_check=1

[NBHS_1988]

BTW, our government bought vehicles made from the bailout money.

Hopefully, they were not the electric Volt car.

[SBFAMILY]

o.a.b. Here is where your argument falls apart. When the union trys to get the job back from a city workerwho is caught cheating and stealing from us that pay taxes. The system ,Unions have work rules that make it difficult to clean up the crooks.
http://www.mansfieldnewsjournal.com/...nclick_check=1

[buckeyedan]

Originally Posted by o.a.b.

.....do we still have $175,000/annual do-nothing congressmen ?

maybe... but we have these things called elections every 2 years where we get to toss out ones we don't think are doing the job

Originally Posted by o.a.b.

Blame unionized labor all you want--GM's problems began and ended with accountants running the show instead of engineers.Honda employees make as much and the finished product is as good as it is BECAUSE of the engineering built into it.There's dead beats in every factory,union or non-union.Unions don't make people lazy----bad parents do !!

maybe and maybe not
but what you typed is a reason GM should be allowed to go out of business
if a business fails... there's a reason
tax payers shouldn't be forced to reward failure

Originally Posted by o.a.b.

There's dead beats in every factory,union or non-union.Unions don't make people lazy----bad parents do !!

not rewarding success or punishing failure in any case is what tends to bread lazy folks

[wallyk]

Better to declare bankruptcy and force change, than to prop up what is failing. Let them restructure or fail.

[NapRover]

I think the answer to the thread's question is obvious. Big mistake!

Treasury: U.S. to lose $25 billion on auto bailout

From The Detroit News:
http://www.detroitnews.com/article/2...TO01/208130392

Laughing all the way to the bank, the government took this money away from us and handed it to the unions. Shameful.

[SBFAMILY]

"The American auto industry has come roaring back, making us number one again," he told a cheering crowd in Pueblo, Colo., last Thursday.

But all the while, General Motors' stock has been nose-diving. It has fallen 39 percent since its initial public offering in November 2010. And on Friday, the Treasury Department announced that expected losses to taxpayers from the bailout would increase more than $3.3 billion to $25.1 billion -- up from $21.7 billion last quarter.

John Berlau of the Competitive Enterprise Institute argues the stock decline reflects the liability of the federal government picking winners.



Read more: http://www.foxnews.com/politics/2012...#ixzz23cNnzZpl

[NBHS_1988]

SBfamily, check the GM stock price. Look how much our government lost in bailing out GM's stock.

[DGUtley]

When the gov't uses our money to pick winners and losers we all lose.

[NapRover]

Both of my (GM) car's remote lock/unlock devices broke within 2 yrs. When I tried replacing them, I was told they're very poorly made, the internal circuit card breaks easily--around $90 each plus $40 to program them and can only be done by the dealer. Wrong answer! I told them to shove it and I will give other car manufacturers a shot from now on. They were fine with that. Why would they care, when the POTUS has their back?