Now THIS is how you bail out GM

[Mac1337]

lafinfil wrote:
Please please help me here -

How does giving out stock certificates to individuals bail out the auto industry ?

This is the "idea" that I took away from your post.

Did read it correctly ? If so please explain how it works for those of us that are a little slow.

I'm open to an idea that will work.

Ask GM to issue new stocks which the government buys in exchange for the funds. If this is truly "people's" investment and not a piggy back for the congress, mail them out to the taxpayers. They know where we live. What is so hard about that? And Gutenberg, it is not three shares. 25 billion buys 55 GM shares per taxpayer, and they don't have to sell them for three cents either. Isn't it your argument that they will be worth many folds? How many sides of the argument can you be at the same time?

[kj]

$tevie wrote:
It cost a bomb to mail those checks, don't you remember?

I think what he's wondering is how we know we're getting our money back? Even if the car makers pay back the gov't, that doesn't mean we ever get OUR money back. I'm not advocating the check thing, but I sure get his point. We're not getting that money back. kj.

[Greg the dogsitter]

Dakota wrote:
[quote=lafinfil]
Please please help me here -

How does giving out stock certificates to individuals bail out the auto industry ?

This is the "idea" that I took away from your post.

Did read it correctly ? If so please explain how it works for those of us that are a little slow.

I'm open to an idea that will work.

This is a simple minded answer. Ask GM to issue new stocks which the government buys in exchange of the funds. If this is truly "people's" investment and not a piggy back for the congress, mail them out to taxpayers. They know where we live. What is so hard about that? And Gutenberg, it is not three shares. 25 billion buys 55 GM shares per taxpayer, and they don't have to sell them for three cents. Isn't it your argument that they will be worth many folds more? How many sides of the argument can you be at the same time?
Do you insult people like this in real life, too?

[$tevie]

Greg the dogsitter wrote: Do you insult people like this in real life, too?

I do. :villagers:

[$tevie]

You seem to have this idea that this is going to turn into some sort of subsidy (once again the ACORN nonsense rears its head) for unworthy people. Same old broken record from the dittoheads.

[Greg the dogsitter]

$tevie wrote:
[quote=Greg the dogsitter]Do you insult people like this in real life, too?

I do. :villagers:
Well, yeah...you do, sure. Because you have villagers with you.

[$tevie]

$tevie wrote:
You seem to have this idea that this is going to turn into some sort of subsidy (once again the ACORN nonsense rears its head) for unworthy people. Same old broken record from the dittoheads.

Just remember, those awful ACORN people will own shares right along with you, as will their swarthy compadres.

I am tired of this sort of veiled bigotry.

[kj]

$tevie wrote:
It cost a bomb to mail those checks, don't you remember? And as a matter of fact I was on record as calling that a gimmick and a bribe. I blew the money like everyone else but it was still a stupid idea and here we are with the economy in the crapper DESPITE those dumb checks.

Which is why it's disappointing that's one of the first things Obama's going to do. kj.

[$tevie]

Greg the dogsitter wrote:
[quote=$tevie]
[quote=Greg the dogsitter]Do you insult people like this in real life, too?

I do. :villagers:
Well, yeah...you do, sure. Because you have villagers with you.
-D

[$tevie]

kj wrote:
[quote=$tevie]
It cost a bomb to mail those checks, don't you remember? And as a matter of fact I was on record as calling that a gimmick and a bribe. I blew the money like everyone else but it was still a stupid idea and here we are with the economy in the crapper DESPITE those dumb checks.

Which is why it's disappointing that's one of the first things Obama's going to do. kj.
It is for me, but I am hoping that this time it will be part of a larger more comprehensive Plan as opposed to a naked bribe. I expect it will be. We shall see.