Comments on: Geithner Slams Banks For Not Helping Homeowners, Says Treasury Concerned About GM Ad

By: gollywiggle

gollywiggle — Fri, 30 Apr 2010 16:04:11 +0000

Go ahead and slam the banks you’re in bed with Tim. You gave them over a trillion dollars to do with as they pleased, no strings attached. First you libs encouraged them to lend without good credit credentials so people who couldn’t afford homes could have affordable homes. That produced a worldwide financial crisis. Then you tell your buddies to tighten credit requirements so now people who are in financial trouble don’t qualify for refinancing. Now you’re saying they should again loosen their requirements. What’s it gonna be big boy? Which position is going to win the favor of voters? What do the polls say? Why can’t you just say you got elected by buying votes and now those you “helped” have no home and no credit? And by the way the rest of us got scrod too. All for your political takeover.

By: gollywiggle

gollywiggle — Fri, 30 Apr 2010 14:45:53 +0000

No doubt the bailout of GM and Chrysler benefitted the labor unions that support the Democratic Party. Was it good for the American people? It was good for union workers within the auto industry. It was good for the labor unions. Not so good for the nation as a whole. But that’s minority group politics which is the following of the Democratic Party. Then the administration crucified Toyota, the biggest auto manufacturer in the world who coincidentally puts out the best automobiles in the world dollar for dollar. It’s all about pro labor vs pro business and about US made vs foreign manufacturer. The big show was/is to push domestic manufacturers. The irony of the acceleration problem with Toyotas is that Toyota subcontracted the manufacture of accelerator linkage to a US manufacturer and it came back to bite them. We’re not hearing much about the shoddy work of that US subcontractor are we? Don’t hear much about the extensive list of recalls on US manufactured automobiles either. Most of the parts for Toyotas manufactured within the US are manufactured by Toyota and only assembled in the US. I don’t expect Toyota will make the mistake of subbing out parts work twice. So as Toyota is demonized there go more US jobs along with the potential for more US jobs.

By: calif guy

calif guy — Fri, 30 Apr 2010 04:27:59 +0000

The repayment by Government Motors of TARP funds is nothing but a big lie. It is “Smoke & Mirrors” accounting at best. They repaid Tarp loan with Tarp money. There overall borrowing to the government remains unchanged.
They are supposed to pay back taxpayers after they become a public company and in order for them to be able to do that the value of their common stock has to rise way beyond the highest value they ever had in 150 years of their corporate history. That is not going to ever happen and the taxpayers are never going to be repaid in full.
This whole deal was a payback to the labor unions for supporting Barrack Hussain Obama for President.

By: CBA

CBA — Thu, 29 Apr 2010 21:04:41 +0000

Watch any testimony coming from Geithner and tell me they are telling you the truth.
Geither has been caught in so many lies, that he practically yells his responses to try to drown out the truth with his absolving “spin.” The numbers don’t lie. Main St. is in a Depression, and Geither and Bernanke’s chums on Wall St. and at Goldman Sachs are rolling in the trillions! Thanks Obama, you “really” cleaned up Bush’s mess… That is, you cleaned up FOR him. Certainly NOT the American people.
These crooks should be in prision. Not the American people, who are enslaved in their perpetual “debtors prisions”.