25 Oct 10
http://www.bbc.co.uk/news/world-us-canada-11622772
US companies that received government assistance during the financial crisis have given big political contributions to Republicans, according to reports
Most Republicans did not support the "bailout" legislation and aggressively attacked the Democrats over it.
The Washington Post reports that 23 firms that received over $1bn (£634m) in government funds have made political contributions, mostly to Republicans.
The companies include car-maker General Motors and Citigroup.
"We contribute to candidates who thoughtfully approach issues that are important to the auto industry and manufacturing," GM spokesman Greg Martin told The Washington Post.
The bailout, an initiative of the Obama administration and senior congressional Democrats, has become a liability for many vulnerable Democrats heading into next week's mid-term elections.
Republicans argue that the bailout wasted taxpayers' money and did not boost the economy as promised.
....
any thoughts?
- Joined
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25 Oct 10
Originally posted by generalissimoThis just demonstrates that Capitalism and Democracy are dead in America. Lobbying for favorable government policies is a cheaper and easier way to make money than producing a product. Once Republicans are in power they will inevitably do something unfavorable to those with capital (raise taxes, cut spending) and the pendulum will swing to the Democrats. We will never address any real problems. At some point events in the real world may abruptly stop our fiddling but it is already too late to prevent collapse.
http://www.bbc.co.uk/news/world-us-canada-11622772
[b]US companies that received government assistance during the financial crisis have given big political contributions to Republicans, according to reports
Most Republicans did not support the "bailout" legislation and aggressively attacked the Democrats over it.
The Washington Post reports ...[text shortened]... asted taxpayers' money and did not boost the economy as promised.
....
any thoughts?[/b]
25 Oct 10
1 edit
Originally posted by generalissimoThats some creative editing you did to that article you cited as your source. Why did you omit this part generalisssimo?
http://www.bbc.co.uk/news/world-us-canada-11622772
[b]US companies that received government assistance during the financial crisis have given big political contributions to Republicans, according to reports
Most Republicans did not support the "bailout" legislation and aggressively attacked the Democrats over it.
The Washington Post reports asted taxpayers' money and did not boost the economy as promised.
....
any thoughts?[/b]
"The initial piece of emergency bailout legislation, which became the $700bn Troubled Asset Relief Program (TARP), was formulated by the Bush administration and Democratic congressional leadership in late 2008. After extensive negotiation it passed both Houses of Congress, but more than 100 Republicans in the House voted against it."
25 Oct 10
Originally posted by utherpendragonI'm not really a fan of editing too heavily, but the only thing your line adds is the fact that the initial bailout was under the Bush administration. The part about opposition from Republicans in congress is also in the initial post.
[b] Thats some creative editing you did to that article you cited as your source. Why did you omit this part generalisssimo?
"The initial piece of emergency bailout legislation, which became the $700bn Troubled Asset Relief Program (TARP), was formulated by the Bush administration and Democratic congressional leadership in late 2008. After exte ...[text shortened]... passed both Houses of Congress, but more than 100 Republicans in the House voted against it."[/b]
25 Oct 10
Originally posted by BartsAnd the "democratic leadership". Its the wording and in the edited part the # of repubs opposed is stated and imo sticks out more than what he left in the initial post. He's trying to be clever but he's not.
I'm not really a fan of editing too heavily, but the only thing your line adds is the fact that the initial bailout was under the Bush administration. The part about opposition from Republicans in congress is also in the initial post.
25 Oct 10
1 edit
Originally posted by generalissimoThe American Federation of State, County and Municipal Employees (AFSCME) is spending a total of $87.5 million on the elections to help fortify the Democrats' hold on Congress.
http://www.bbc.co.uk/news/world-us-canada-11622772
[b]US companies that received government assistance during the financial crisis have given big political contributions to Republicans, according to reports
Most Republicans did not support the "bailout" legislation and aggressively attacked the Democrats over it.
The Washington Post reports asted taxpayers' money and did not boost the economy as promised.
....
any thoughts?[/b]
The 2010 election could be pivotal for public-sector unions, whose clout helped shield members from the worst of the economic downturn. In the 2009 stimulus and other legislation, Democratic lawmakers sent more than $160 billion in federal cash to states, aimed in large part at preventing public-sector layoffs. Certainly that ‘stimulus bill’ money is now being used to ‘stimulate’ Democrat campaign efforts.
American Fed. of State, County, & Municipal Employees
Intel Brotherhood of Electrical Workers
National Education Association
Service Employees International Union
Communication Workers of America
Service Employees International Union
Laborers Union
American Federation of Teachers
United Auto Workers
Teamsters Union
Carpenters and Joiners Union
Machinists & Aerospace Workers Union
United Food and Commercial Workers Union
AFL-CIO
Sheet Metal Workers Union
Plumbers & Pipefitters Union
Operating Engineers Union
Airline Pilots Association
International Association of Firefighters
United Transportation Workers
Ironworkers Union
American Postal Workers Union
Nat'l Active & Retired Fed. Employees Association
Seafarers International Union
Source: Center for Responsive Politics, Washington, D.C.
25 Oct 10
1 edit
Originally posted by generalissimoGeneral Motors? It is owned by by the government which is under Obama's control, it's doubtful very much cash is going to Republicans...perhaps just enough to provide plausible deniability. United Auto Workers (UAW) Union is the entity that has the large war chest. Watch where the UAW donations go. It will be to Democrats only.
The companies include car-maker General Motors and Citigroup.
25 Oct 10
Originally posted by generalissimo"Can you believe it? More businesses give money to REPUBLICANS!!"
http://www.bbc.co.uk/news/world-us-canada-11622772
[b]US companies that received government assistance during the financial crisis have given big political contributions to Republicans, according to reports
Most Republicans did not support the "bailout" legislation and aggressively attacked the Democrats over it.
The Washington Post reports ...[text shortened]... asted taxpayers' money and did not boost the economy as promised.
....
any thoughts?[/b]
{Jon Stewart look, facing camera}
26 Oct 10
Originally posted by utherpendragonI see you resorted to nitpicking now, only to avoid discussing the real issue here.
And the "democratic leadership". Its the wording and in the edited part the # of repubs opposed is stated and imo sticks out more than what he left in the initial post. He's trying to be clever but he's not.
why is that utherpendragon?
26 Oct 10
Originally posted by MacSwainI believe the case with corporations like GM is more significant than this, considering the hypocrisy involved with donating money to the very party that at this very moment continues to heavily criticize the bailouts.
The American Federation of State, County and Municipal Employees (AFSCME) is spending a total of $87.5 million on the elections to help fortify the Democrats' hold on Congress.
The 2010 election could be pivotal for public-sector unions, whose clout helped shield members from the worst of the economic downturn. In the 2009 stimulus and other legislatio ...[text shortened]...
Seafarers International Union
Source: Center for Responsive Politics, Washington, D.C.