Article

2012-10-16 -Election 2012

Obama: We Got Back Every Dime of Bailout; CBO: Bailout Will Lose $24 Billion

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Posted by DarthVader 2012-10-16 00:00|| || Front Page|| [11127 views ] Top

#1 We missed our Accounting courses that decade, didn't we???

Posted by JosephMendiola 2012-10-16 00:28|| 2012-10-16 00:28|| Front Page Top

#2 Math is...hard!

Posted by tu3031 2012-10-16 00:55|| 2012-10-16 00:55|| Front Page Top

#3 Well, that's not what I was told.

Besides, it saved 5 or 10 million jobs, so it was worth it.

Not to mention I've fixed it so only my big donor's banks can get federal money again, but it won't be called a "bailout" for them.

Signed, 0

Posted by Bobby 2012-10-16 06:36|| 2012-10-16 06:36|| Front Page Top

#4 "As I see him, Barack Obama belongs to an alien species hostile to life on earth".
Ilana Mercer

Posted by Besoeker 2012-10-16 09:25|| 2012-10-16 09:25|| Front Page Top

#5

A123 Systems Inc. (AONE), a maker of rechargeable lithium-ion batteries for electric cars, filed for bankruptcy after failing to make a debt payment that was due yesterday.

The company listed assets of $459.8 million and debt of $376 million as of Aug. 31 in Chapter 11 documents filed today in U.S. Bankruptcy Court in Wilmington, Delaware.

The bankruptcy filing may fuel further political debate over government financing of alternative-energy and transportation businesses. Federal grants and loans to companies including A123, Fisker Automotive Inc. and Tesla Motors Inc. have drawn scrutiny from congressional Republicans following the September 2011 bankruptcy filing of solar-panel maker Solyndra LLC two years after it received a $535 million loan guarantee from the U.S. Energy Department.

Electric-vehicle sales since 2011 totaled fewer than 50,000 through September, just 5 percent of Obamas target to have 1 million such vehicles on U.S. roads by 2015.

Republican presidential candidate Mitt Romney said last month that Obama has picked losers for alternative-energy loans and grants. His running mate, Paul Ryan, has called for all green-energy subsidies to be eliminated.

A123 has posted at least 14 straight quarterly losses. Its shares have fallen 85 percent this year to 24 cents at yesterdays close in New York and traded at 16 cents at 8:29 a.m. before the start of regular trading.

Posted by Bright Pebbles 2012-10-16 13:03|| 2012-10-16 13:03|| Front Page Top

#6 How, the William J Lapetomane Thruway?

Dimes don't pay back crates of $100's.

Posted by swksvolFF 2012-10-16 14:10|| 2012-10-16 14:10|| Front Page Top

#7 The statement could be true.
It just depends on the definition of ~~'is'~~ 'we.'

Posted by Spinetch the Wide7736 2012-10-16 15:49|| 2012-10-16 15:49|| Front Page Top

#8 More crony-capitalism low-hanging fruit for the debate tonight. I just don't trust Candy Crowley to be an honest moderator in the debate.

Posted by JohnQC 2012-10-16 16:21|| 2012-10-16 16:21|| Front Page Top

#9 I'm thinking a lot of these green energy companies that failed were just front companies for money laundering of money that found its way back to the Chicago boys (and girls).

Posted by JohnQC 2012-10-16 16:22|| 2012-10-16 16:22|| Front Page Top

#10 I'm thinking a lot of these green energy companies that failed were just front companies for money laundering of money that found its way back to the Chicago boys (and girls).
Posted by JohnQC

There was also big time gambling in the backrooms of Capone's Chicago speakeasies.

Posted by Besoeker 2012-10-16 17:47|| 2012-10-16 17:47|| Front Page Top

#11 C'mon these are presidential debates. I expect the same level of integrity as a $20 hooker in a dark alley. :-)

Posted by Raider 2012-10-16 22:31|| 2012-10-16 22:31|| Front Page Top

23:40 crazyhorse
23:03 JosephMendiola
22:45 JosephMendiola
22:40 JosephMendiola
22:34 JosephMendiola
22:31 Raider
22:30 JosephMendiola
22:27 tipper
22:22 Big the Great1563
22:15 Fred
21:50 Alaska Paul
21:40 Alaska Paul
21:32 tu3031
21:06 Iblis
20:59 Pappy
19:59 Procopius2k
19:50 Iblis
19:34 JosephMendiola
19:31 crazyhorse
19:30 JosephMendiola
19:28 Classical_Liberal
19:19 rammer
18:44 Capsu78
18:16 SteveS