So the Detroit Free Press stated that Romney's solution to the auto industry's problems made infinitely more sense than Obama's bailout.

I'm sure the Free Press follows the auto industry very closely. It is inexcusable that the Romney campaign did not mention this during the campaign.

Of course it made more sense. My Finance 432 students came up with a plan that made more sense than Obama's plan.

This election has really reminded me of something one of my Brit friends says, "Labour politicians are more attractive people than Tories. They have to be, because Tories have the better ideas." This election was strictly about personalities. Had it been about ideas, Romney could have won. But he couldn't get the discussion into the sphere of ideas. He should have ripped George Stephanopoulos a new a-hole over the idiotic contraception question. But he didn't.

Was the bailout not a success by most accounts? I'm not saying it's not possible that something could have been done better, that's always the case, but as far as government decisions go wasn't this widely accepted as a 'well, worked out fairly well' one?

The election is over.

(11-10-2012 01:48 AM)UCF08 Wrote:  Was the bailout not a success by most accounts? I'm not saying it's not possible that something could have been done better, that's always the case, but as far as government decisions go wasn't this widely accepted as a 'well, worked out fairly well' one?

Guess it depends on if a loss of 26 billion and counting of taxpayer money qualifies as a success in your mind.

And what gets lost in this is that GM pension and healthcare issues still remain.

(11-10-2012 07:51 AM)Ninerfan1 Wrote:  

(11-10-2012 01:48 AM)UCF08 Wrote:  Was the bailout not a success by most accounts? I'm not saying it's not possible that something could have been done better, that's always the case, but as far as government decisions go wasn't this widely accepted as a 'well, worked out fairly well' one?

Guess it depends on if a loss of 26 billion and counting of taxpayer money qualifies as a success in your mind.

And what gets lost in this is that GM pension and healthcare issues still remain.

I'm with you Niner, none of the underlying problems were fixed. Obama threw our money at them and they didn't change anything. They will be in trouble again within Obama's second term.

(11-10-2012 07:56 AM)ImMoreAwesomeThanYou Wrote:  

(11-10-2012 07:51 AM)Ninerfan1 Wrote:  

(11-10-2012 01:48 AM)UCF08 Wrote:  Was the bailout not a success by most accounts? I'm not saying it's not possible that something could have been done better, that's always the case, but as far as government decisions go wasn't this widely accepted as a 'well, worked out fairly well' one?

Guess it depends on if a loss of 26 billion and counting of taxpayer money qualifies as a success in your mind.

And what gets lost in this is that GM pension and healthcare issues still remain.

I'm with you Niner, none of the underlying problems were fixed. Obama threw our money at them and they didn't change anything. They will be in trouble again within Obama's second term.

It will be curious to see if Obama throws more money at them.

His campaign wasn't great. He got lucky that Obama was so bad in the first debate and got an opening, but his campaign was either unwilling or unable to put the hammer down in those next two weeks.

We elected the "he cares about my problems" guy again.

I'd have preferred the fixer, but oh, well.

(11-10-2012 09:30 AM)Smaug Wrote:  We elected the "he cares about my problems" guy again.

I'd have preferred the fixer, but oh, well.

I'm not convinced that Romney was every really the "fixer". His economic plan didnt seem likely to fix anything.

TBH, we got the best possible outcome in this election.....split government. Neither party can bankrupt as quickly as they could on their own.

(11-10-2012 09:41 AM)aTxTIGER Wrote:  

(11-10-2012 09:30 AM)Smaug Wrote:  We elected the "he cares about my problems" guy again.
I'd have preferred the fixer, but oh, well.

I'm not convinced that Romney was every really the "fixer". His economic plan didnt seem likely to fix anything.
TBH, we got the best possible outcome in this election.....split government. Neither party can bankrupt as quickly as they could on their own.

From my friend in UK politics, "Labour have the more attractive candidates. They must to compete, because Tories have the better ideas" (and FWIW he's Labour).

Seems to apply here. Once this got to be about personalities and social issues, Romney and the republicans were dead.

(11-10-2012 07:56 AM)ImMoreAwesomeThanYou Wrote:  

(11-10-2012 07:51 AM)Ninerfan1 Wrote:  

(11-10-2012 01:48 AM)UCF08 Wrote:  Was the bailout not a success by most accounts? I'm not saying it's not possible that something could have been done better, that's always the case, but as far as government decisions go wasn't this widely accepted as a 'well, worked out fairly well' one?

Guess it depends on if a loss of 26 billion and counting of taxpayer money qualifies as a success in your mind.

And what gets lost in this is that GM pension and healthcare issues still remain.

I'm with you Niner, none of the underlying problems were fixed. Obama threw our money at them and they didn't change anything. They will be in trouble again within Obama's second term.

GM's structural problems were not addressed or fixed and this is why the bankruptcy process exists. Obama also stole GM stock from shareholders and gave it to the UAW.
http://www.slate.com/articles/business/m...ou_on.html
It's been a long time since American devotees of Marx (Karl, not Groucho) have had much to cheer about. But with the bankruptcy filings of General Motors and Chrysler, and the transfer of stock ownership from the firms' long-suffering shareholders to the government and unions, communists of the world can rejoice. The workers are now, finally, significant owners of the means of production. The United Auto Workers control about 65 percent of Chrysler and 17.5 percent of General Motors.

(11-10-2012 07:25 AM)firmbizzle Wrote:  The election is over.

So you don't listen to post game analysis on ESPN ever?