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| Name: |
water_watcher
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| Subject: |
Obama funds overseas job creation
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Date:
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10/22/2011 5:29:43 AM
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This makes me sick.
http://abcnews.go.com/Blotter/car-company-us-loan-builds-cars-finland/story?id=14770875#.TqEZif8eL8g.email
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| Name: |
Talullahhound
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| Subject: |
Obama funds overseas job creation
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Date:
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10/22/2011 8:34:05 AM
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Why would you blame the President as opposed to be outraged that a COMPANY took US funds and then moved the mfgr offshore? I realize that you love to blame Obama, but the fact is that the company took the money under false pretenses. Unfortunately, this isn't all that unusual. I used to see it with certain companies that were reviewed under the Committee for Foreign Investment in the US (CIFIUS). In buying a US company, they would sign all kinds of documents that they would not remove the manufacturing from the US, then start discontinuing the US product line, and move the manufacturing of the new product overseas. Of course, you try to create legal provisions to keep this from happening, but as an atty, you know it is impossible to close all of the loopholes.
I'd like to see an investigation as to their claims that no car manufacturing had the capability to build their product.
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| Name: |
Lifer
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| Subject: |
Obama funds overseas job creation
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Date:
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10/22/2011 9:20:32 AM
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What s really sick is the article I saw earlier this week about the first electric car. Built two years before Orville took flight. It got an astounding 40 miles between charges. Fast forward a hundred years or so and Guvment Motors brings us the Chevy Volt. It can go a mind blowing 40 miles between charges.
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| Name: |
Barneget
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| Subject: |
The obvious question is
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Date:
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10/22/2011 9:20:57 AM
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why would the central committee consider funding a company, with a business model built on producing $100,000 electric automobiles? I won't guess at their forecast profit margin, but at $100k each, even at a gross margin of 50%, (Ford, with nearly a century of mass production experience, runs with a gross in the low teens) the US taxpayer guaranteed portion of the loan can never be paid back unless they can sustain sales in excess of 40,000 units per year, for 10 years. Don't see that as realistic as even AlGore can't get his phatazz in one of them. We all know now, and many of us knew then, that the people's electric, the Chevy Volt, is on track for 5,000 sales annually, and that is only due to government entities buying 70% of them. Remember when GM introduced the Pontiac Aztek? It was a style nightmare and sales flop. GM issued the car to everyone who signed off on its production. We should consider a similar approach with our governments. If deemed good enough for us, it is good enough for you. Imagine elected officials and bureaucrats driven only in Chevy Volts, their security details armed only with pepper spray, eating only peas, waiting for medical care with the masses, having no access to Congressional banks featuring free checking and debit cards, ........
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| Name: |
water_watcher
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| Subject: |
Now Hound ...
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Date:
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10/22/2011 10:06:22 AM
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Don't be so gruppy so early in the morning. If you watched the whole clip, the guy got permission not to put the initial manufacturing in the US with the carrot that if the car sells well he would use a closed manufacturing plant in Deleware to set up production and create over 1,000 jobs.
The car at $97K is a hybrid that does not even get as good gas milage as the Ford Explorer Hybrid ... yet the tax payers are footing the bill with no immediate benefit. Just this guys dream.
It should not have been funded at all ... and when the Obama administration learned that the production would not be in the US ... they should have backed out of the deal then.
I have a problem with the tax payers funding venture capital projects ... that is for the private sector to do ... not use tax payers money. That is not a role I feel government should be playing ... I don't care which party is in office. You see things like this and "green energy" funding ... done by dictators and communist country where government controls everything.
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| Name: |
Talullahhound
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| Subject: |
Now Hound ...
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Date:
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10/22/2011 6:33:37 PM
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I have started seeing ads in magazines for Fiskars, and I was under the impression that they were pretty expensive. I agree with you that the government has no business in venture capital schemes. For some time, I have felt that the government is not doing sufficient due diligence on these deals that they are making. It's fine to be leaning forward, but you can lean too far and fall on your face.
And although it is off this topic, I'm not too happy about sending our troops to Uganda (and now, maybe to Kenya?)
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| Name: |
water_watcher
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| Subject: |
We have the answer
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Date:
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10/24/2011 4:40:15 PM
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Al Gore's venture capital firm is one of the funders and he was the one that suggested they go to the federal government for more seed money.
I would bet with everyone of these deals, you will find a connection to a supporter, or democrat connection. It was true with Solantra, the one in Nevada that had Pelosi's brother in law as one of the backers, and now this one with Al Gore.
Transparency .... what a joke.
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| Name: |
Barneget
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| Subject: |
We have the answer
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Date:
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10/24/2011 6:42:08 PM (updated 10/24/2011 6:55:10 PM)
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Finally! I was feeling like Ben Stein taking attendance in the classroom....."Bueller?.....Bueller?....Bueller?..... Bueller?........". And, this just in. GM, with fewer than 5,000 Chevy Volts sold ytd, is increasing CY2012 production to 60,000 units. These, at $41k, are a ZERO profit vehicle. How will we, the unwilling investors, EVER RECOVER OUR INVESTMENT? Todays GM is an extension of the corrupt administration, and Democommieprog leadership, spitting in the face of US taxpayers. November 2012 is when Hope and Change is flattened by Be the Change.
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| Name: |
water_watcher
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| Subject: |
We have the answer
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Date:
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10/24/2011 8:44:17 PM
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That is why I refuse to even look at a GM car.
If that is true about the Volt ... I am sure that is a directive of the government in Government Motors. Maybe they are going to ban all oil production so it drives the price to the point that people feel they have to buy the things. Or maybe Obama will come out with another NEW tax on gas engine cars and put a surcharge on them so it makes a plug in car look attractive.
This is silliness ... if the vehicle works the way the consumer wants, people will buy it ... if not it fails. But Obama just wants everything the way he thinks it should be. He thinks he has the right answer for everything .... but nothing is actually working and he wants to blame others for his failure ... if only everyone would go along with him ...
Nov 2012 can not come fast enough.
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