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Freep a Poll! (Were you upset by Romney's auto bailout stance?)
toledoblade.com ^ | 11-3-12 | Toledo Blade

Posted on 11/03/2012 12:54:57 PM PDT by dynachrome

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To: DrDude

Assuming the crowd being reached here on FR is voting for Romney solely for the purpose of kicking Obama out of the government, I can’t really imagine a less interesting question ~


21 posted on 11/03/2012 1:32:59 PM PDT by muawiyah
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To: muawiyah

As a Michigander who has worked in the auto industry I know that bankruptcy would have been better for the company than this bailout crap.

Traditional chapter 11 style bankruptcy would have allowed cutting out the deadwood instead of trying to save it at the expense of the whole tree. GM is in a far more precarious position today than it was before the bailout.


22 posted on 11/03/2012 1:50:25 PM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: cripplecreek

http://www.washingtontimes.com/news/2012/nov/2/auto-bailouts-bleeding-more-taxpayer-cash/

GM is cooking the books.


23 posted on 11/03/2012 1:53:43 PM PDT by trappedincanuckistan (livefreeordietryin)
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To: cripplecreek

Yes
42%

No
52%

I don’t find it important compared to his other stances/policies
6%

Total votes: 2822


24 posted on 11/03/2012 1:54:39 PM PDT by Tigercap
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To: cripplecreek
Banruptcy is simply a way for perfectly useful assets to be placed into the hands of more responsible, better positioned owners.

It's a way of telling someone "you've lost, now move over".

The Obamista trip to the well was a failure. The assets were handed over to some of the same people who'd been putting the company under. The new regime needs to go immediately to the courts and have it done right ~

25 posted on 11/03/2012 1:58:42 PM PDT by muawiyah
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To: muawiyah
That's why I'm voting to keep Michigan's emergency manager law. Its really very similar to a corporate bankruptcy. It gives a city a fighting chance to go bankrupt while still operating more efficiently. That often means voiding union contracts and laying off workers.

Naturally Detroit is fighting it every step of the way while other cities like Pontiac are recovering due to their acceptance of the emergency manager.

Emergency manager action 'best thing that has happened in the city of Pontiac in a long time'

In August 2011, Emergency Manager Lou Schimmel worked out an arrangement where the Oakland County Sheriff’s Office took over as provider of police services for Pontiac.

The sheriff’s office brought in the existing 50 Pontiac police officers and re-hired 13 other former Pontiac police officers who had been laid off, and added 11 sheriff’s deputies to patrol the city.

The result was not just an extra 24 officers, but the transition saved $4.2 million while response time to calls dropped from 76 minutes under the Pontiac police to 9 minutes, 45 seconds under the Sheriff’s Department. Pontiac spent $13.7 million on police services in 2009. That dropped to $9.5 million in 2011.


And that is how a managed bankruptcy should work in a business or in a city.
26 posted on 11/03/2012 2:34:01 PM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: Grams A
"...I would suspect that lack of knowledge of what this really means as far as the effects of different bankruptcy plans..."

Most people don't even know there ARE different kinds of bankrupy plans. Hell, 80% of 'em can't even tell you who their representitives in congress are.

The Kenyan must go.

27 posted on 11/03/2012 3:56:46 PM PDT by ex91B10 (We've tried the Soap Box,the Ballot Box and the Jury Box; ONE BOX LEFT!)
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To: dynachrome
Not at all.

It would have followed long-standing, set-by-numerous-precidents LAW.

The bankrupcy procedings of GM were no more legal than Edward G. Robinson sitting around the table dividing up the look after a heist.

The Kenyan must go.

28 posted on 11/03/2012 4:02:12 PM PDT by ex91B10 (We've tried the Soap Box,the Ballot Box and the Jury Box; ONE BOX LEFT!)
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To: ex91B10

Unfortunately I feel you are right about knowledge level.


29 posted on 11/03/2012 4:27:01 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: dynachrome

Yes 60%
No 36%
I don’t find it important compared to his other stances/policies 4%
Total votes: 4720


30 posted on 11/03/2012 5:56:54 PM PDT by Jyotishi (Seeking the truth, a fact at a time.)
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To: Jyotishi

heh. Must be being “anti-freeped”


31 posted on 11/03/2012 6:01:36 PM PDT by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: dynachrome

1:39 AM Central

59% Yes
39% No
4% Not important, compared


32 posted on 11/03/2012 11:43:17 PM PDT by KGeorge
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