The Debates

Martina · 10-22-2012, 08:55 PM

George Will is a reactionary old fart. Did he really say nellies??

Nytimes fact check on the auto bailout

Quote:

7:28 pm

Jeremy W. Peters
Fact-Check: 'Let Detroit Go Bankrupt'?

Mr. Obama just stated that when Mr. Romney argued in late 2008 that Detroit auto companies should be denied a government bailout and instead turn to the private marketplace, no private financing was available. This is consistent with what auto executives have said.

At the time Mr. Romney wrote his now infamous New York Times op-ed the financial markets had ground to a halt. It was November 2008, and there was little available liquidity for anyone seeking financing. There were certainly no financial institutions — not even Bain Capital, Mr. Romney’s private equity firm — looking to invest to the tune of the $80 billion the car companies needed at the time.

No private companies would come to the industry’s aid, and the only path through bankruptcy would have been Chapter 7 liquidation, not the more orderly Chapter 11 reorganization that the company ultimately followed, people inside and outside the car companies have said.

In fact, the task force asked Bain if it was interested in investing in General Motors’ European operations, according to one person with direct knowledge of the discussions.

Bain declined, this person said, speaking anonymously to discuss private negotiations.

julieisafemme · 10-22-2012, 09:01 PM

Quote:

Originally Posted by Martina

George Will is a reactionary old fart. Did he really say nellies??

Nytimes fact check on the auto bailout

Yes! Can you believe that? How offensive!

Gráinne · 10-22-2012, 09:11 PM

How does Mark Halperin of Time give both of them a B+? It wasn't even close.

Martina · 10-22-2012, 09:23 PM

CNN's first poll gave Obama an eight point victory, and they acknowledged that there were more Republicans among those polled than Democrats.

10-22-2012, 09:11 PM	#3
Gráinne Senior Member How Do You Identify?: Neither, nada, out of the box Preferred Pronoun?: My name always works Relationship Status: Happy whatever happens Join Date: Dec 2010 Location: Little Rock Posts: 1,864 My Photo Gallery Thanks: 2,118 Thanked 7,386 Times in 1,457 Posts Rep Power: 21474852	How does Mark Halperin of Time give both of them a B+? It wasn't even close. __________________ The odds of going to the store for a loaf of bread and coming out with only a loaf of bread are three billion to one. ~Erma Bombeck

10-22-2012, 09:23 PM	#4
Martina Senior Member How Do You Identify?: * Join Date: Feb 2010 Location: * Posts: 4,999 My Photo Gallery Thanks: 13,409 Thanked 18,283 Times in 4,166 Posts Rep Power: 21474854	CNN's first poll gave Obama an eight point victory, and they acknowledged that there were more Republicans among those polled than Democrats.