Did Bernanke Save US Economy?

[FireWeatherMet]

Not getting into numbers, but considering the fact that taxpayer money was used to bail out a private company in the first place was simply wrong. What made it even worse was that GM did not fulfill its obligation to repay all of the taxpayer money that was originally lent to them based on the original loan agreement (i.e., they did not pay all of the agreed upon interest).

Here a billion there a billion...

How is GM supposed to compete with Japanese and European Gov't subsidies for their auto makers?
Don't hear any Toyota or Honda drivers here complaining about Gov't subsidies. (lol)


Japan subsidizes Toyota by $30,000 PER VEHICLE
Want $30,000 Off Your Green Car? Head to Japan - Bloomberg

Japanese Makers Get a $4K to $14K subsidy on every vehicle Exported
Japanese Makers Get a $4K to $14K subsidy on every vehicle Exported - Motor Trend The General Forum Forum

Or US taxpayers in certain southern states subsidizing Volkswagen with HALF BILLION just for one plant:
TN taxpayers subsidize UAW outrage at VW plant

What kind of American supports foreign car companies over American ones?
Then again, who is really American these days?

 

[blueroadster]

- GM payed back most of its borrowed money and became # 1 automaker in the world by again by end of 2011. ...shifting back and forth between #1 and # 2 today.

Not getting into numbers, but considering the fact that taxpayer money was used to bail out a private company in the first place was simply wrong. What made it even worse was that GM did not fulfill its obligation to repay all of the taxpayer money that was originally lent to them based on the original loan agreement (i.e., they did not pay all of the agreed upon interest).

Here a billion there a billion...

 

[FireWeatherMet]

*** Note Bernanke was a Bush Appointee who also worked in the Obama Administration. Lets NOT go right or left politically...keep it on economics ***


"nearly 6 years after the naysayers said:

- we're going to be killed by inflation for all this money printing
- the world will dump US Treasuries
- the housing market will collapse further and remain collapsed for at least a decade or more.
- GM should fail and come back as a much smaller automaker.
- The other shoe will drop us into the next Depression...

6 years later...history has proven all of them 100% dead wrong." (from video)


http://finance.yahoo.com/news/did-b...conomy--paul-krugman-thinks-so-155924548.html

- Now Europe, which tried to not use as much stimulus initially, is now resorting to it almost too late as evidenced by Draghi recently.

- The US economy is buzzing along better than Europe and most of Asia....US treasuries are the #1 safety investment in the world.

- Inflation remains low and actually too low as slightly more inflation is actually needed to help pay off further debts (according to the video).

- Housing Market has risen back and recovered over 70% of its depreciation from the 2006 peak.

- GM payed back most of its borrowed money and became # 1 automaker in the world by again by end of 2011. ...shifting back and forth between #1 and # 2 today.