2016 Postmortem
Related: About this forumI posted the DU front page graphic on my FB page...
Only two responses, both by Rmoney supporters. They really just don't get it. Of the two, this one was at least coherent, even while totally wrong...
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Step 1 Take over the Company via Executive Order
Step 2 Give Company Billions of taxpayer dollars
Step 3 Lay off 140,000 workers
Step 4 Fille for expedited Bankrupcy wiping out private investors while GIVING a portion of the Comapny to the union protecting their interest only
Step 5 Get only a small portion of the profits from the comapny for the taxpayer leaving the money with your Union Supporters
Step 6 Use the Unions to funnel the taxpayer money into your re-election campaign. Marvelous!
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*sigh*
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KansDem
(28,498 posts)Step 5 Get only a small portion of the profits from the comapny <sic> for the taxpayer leaving the money with your Union Supporters
Step 6 Use the Unions to funnel the taxpayer money into your re-election campaign. Marvelous!
"Wiping out private investors?" Since when?
What is this? "Creative Writing 101?"
sinkingfeeling
(51,479 posts)Atman
(31,464 posts)They live in their own little universe.
zipplewrath
(16,646 posts)They misrepresent some of the details however that some might consider important.
1) The companies came TO the federal government asking for help. A negotiation ensued. Yes, the government had a strong upper hand because the companies were about to go bankrupt.
2) They LOANED the companies money. The money is to be repaid. Ultimately the government will "make" money on the deal, although one could argue about whether the profit was commensurate with the risk.
3) Not sure what that number is about, but it should be compared to the number of people that would have lost jobs without it. One of those "laid off" was the CEO.
4) The bankruptcy was coming. The investors were going to lose their money. The employees were protected, including the union. The union gave up some bargaining rights as well.
5) Not sure what money was "left" with the union members. The executives have already begun receiving bonuses again. One can image which campaign their money is going to.
6) There is no "funnelling" from the unions. In fact, the unions have expressed their intent to spend their own money on their own activities, and NOT fund the candidates or the parties. If there is any "funnelling" going on it will be from the executives to the (predominately) GOP super PACs.
alfredo
(60,077 posts)madrchsod
(58,162 posts)no raise or pay cut...here`s some stock for your wages. oops the company is being bought out so your stock price just tanked....i was one of the few that exactly cashed out my paper just before it went up in smoke. several thousand worker lost hundreds of thousands in worthless paper that was promised instead of wages.
just another 1980`s rip off of the american worker
alfredo
(60,077 posts)JohnnyRingo
(18,662 posts)Thanks Shawn Hannity for lying to your Barstool Republican audience. The Solyndra bankruptcy lost a half billion in stimulus funding, not the "billions" they like to cite. This is mere peanuts compared to republican pet projects:
1: Deregulate the oil companies and allow mergers to the point of monopoly.
2: Give the company a yearly subsidy in the tens of billions of taxpayer dollars
3: Use more tax money to build pipelines and refineries while soaring oil prices gouge consumers.
4: Let the oil lobbyists use absurd profits to fund re-election campaigns and golf junkets.
madrchsod
(58,162 posts)meanwhile they held preferred stock so when they sold /cashed out before they sold the company they could make their money
northwestern steel and wire was one of the top ten steel ingot and product producers in the usa. thanks to guys like Romney and our trade poilicy with china 75% of the complex has been leveled. now it producers wire rod and and runs only one or two of it`s three largest melt furnaces in the usa.