Comments on: The Weekly Addresses http://www.delawareliberal.net/2010/07/31/the-weekly-addresses/ Ground zero for all things political in Delaware Thu, 09 Feb 2012 18:02:41 -0500 http://wordpress.org/?v=2.9.1 hourly 1 By: jason330 http://www.delawareliberal.net/2010/07/31/the-weekly-addresses/#comment-196806 jason330 Sat, 31 Jul 2010 20:13:05 +0000 http://www.delawareliberal.net/?p=40009#comment-196806 Do you think someone who calls himself John Galt should talk about anybody else being "duped?" Do you think someone who calls himself John Galt should talk about anybody else being “duped?”

]]> By: John Galt http://www.delawareliberal.net/2010/07/31/the-weekly-addresses/#comment-196805 John Galt Sat, 31 Jul 2010 19:50:48 +0000 http://www.delawareliberal.net/?p=40009#comment-196805 GM never paid back its loan. You were duped into the Administration/GM fuzzy math. GM was "given" 50 Billion dollars, they paid back 6.7 Billion, that's all. What the Administration did was call the 6.7 Billion the loan and allowed GM to pay it back from the original 50 Billion they were given. They did this because GM is still broke and they need another 10 Billion dollars to retool their plants to meet the new fuel economy standards. http://reason.tv/video/show/how-the-hell-did-gm-pay-back-i GM never paid back its loan.

You were duped into the Administration/GM fuzzy math.

GM was “given” 50 Billion dollars, they paid back 6.7 Billion, that’s all.

What the Administration did was call the 6.7 Billion the loan and allowed GM to pay it back from the original 50 Billion they were given.

They did this because GM is still broke and they need another 10 Billion dollars to retool their plants to meet the new fuel economy standards.

http://reason.tv/video/show/how-the-hell-did-gm-pay-back-i

]]> By: Delaware Dem http://www.delawareliberal.net/2010/07/31/the-weekly-addresses/#comment-196790 Delaware Dem Sat, 31 Jul 2010 15:58:18 +0000 http://www.delawareliberal.net/?p=40009#comment-196790 From what I understand, pension obligations and health benefits were not affected, but salaries were cut for younger workers. Indeed, a labor agreement with the UAW in 2007, long before the bailout, created one class of older workers made $28 an hour while another class of younger workers made $14 an hour. http://en.wikipedia.org/wiki/Effects_of_the_2008-2009_automotive_industry_crisis_on_the_United_States From what I understand, pension obligations and health benefits were not affected, but salaries were cut for younger workers. Indeed, a labor agreement with the UAW in 2007, long before the bailout, created one class of older workers made $28 an hour while another class of younger workers made $14 an hour.

http://en.wikipedia.org/wiki/Effects_of_the_2008-2009_automotive_industry_crisis_on_the_United_States

]]> By: anon http://www.delawareliberal.net/2010/07/31/the-weekly-addresses/#comment-196788 anon Sat, 31 Jul 2010 15:22:53 +0000 http://www.delawareliberal.net/?p=40009#comment-196788 Hmmm... I have to read up on the details of the auto bailouts before I conclude that they worked. I admit to not paying attention. How did unions come out on the other side of the bailouts? The cynic in me says the bailout was a way to break unions and shed pension obligations and have workers thank us for it. Hmmm… I have to read up on the details of the auto bailouts before I conclude that they worked. I admit to not paying attention. How did unions come out on the other side of the bailouts?

The cynic in me says the bailout was a way to break unions and shed pension obligations and have workers thank us for it.

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