Ok not so fast."There are several circumstances that make this confusing and complicated. For starters, the bailout of the auto industry started in the waning weeks of President George W. Bush’s tenure. It continued during the early months of the Obama administration.All told, the Treasury Department reported that the program cost taxpayers $79.7 billion, of which $70.4 billion was recovered. Under that estimate, the program lost about $9.3 billion. In April, the Congressional Budget Office estimated that the program would end up costing about $14 billion."The Obama administration, however, makes the case that only $57.3 billion of the investment came under their watch and therefore that should be all that they’re accountable for."What would the cost have been if this wasn't done?And I'm never wrong so anything that doesn't comport with what I say is fake news - lol

@TheCatsMeow
Did you read the full article, he read the cases of everyone of these. I am surprised there were not more than the 330. Today the sentences for these same circumstances would probably be lighter.

Well, not totally true......I made one other point...... projects.propublica. org/bailout/I didn't like it at the time, but understood the need for it........that was scary.........started with stupid laws from Pres Clinton in consort with even stupider Rep Congrescritter(looking at you PhilGramm) and expanded to ridiclous heights by Alan Greenspan. The stupid was contagious.......

@tflea Yes, I read it.

@Clydepuckett Did they? Maybe at first...But what about all the jobs that depend on the industry and the tax revenue generated by such...We're not just talking about workers at a few plants...How about people at places of sale, parts stores and other small businesses directly linked to the industry throughout the country...That cumulative tax revenue and lack of those workers having to draw benefits due to an industry collapse resulting in loss of jobs would easily put the Govt. way in the black....Gotta think outside the box...

@EddyFree You left out the creditors.......of course.And Keyensian theory is 0 for history long term.

All this posting and I can't get a box game? Joe hates me.****edit****i just checked the mail.....and my swanky gift from Joe got here today.Thanks @atasccitadotcom......

worse off today?I wonder how many would take the state (and direction) of the economy in January 2008 over today?

Ill buy u a box game clyde, good luck

@redneck roy I can't and won't make a case for short term outlook in '08. As I said that was some scary stuff resulting from a financial bomb the origins of which began in the Clinton years........But, it got way worse in '09.......no fault of Pres Obama or a Dem controlled Congress.....well,Tim Geithner didn't help things.......can you remember what happened in Mar '09 to regain confidence in financial credit markets?There are various prisms to view the economy......I submit that we are extremely vulnerable in the long run mostly due to runaway fiscal policy from current gov't. And Pres Trump is not helping with talk of devaluing the greenback for short term trade gain. Nor or populist policies espousing penal tarrifs. Better fiscal policy over the previous eight years would not have left such an opening.Long winded gas bagging.....sorry.....

Devaluing he's talking about defaulting-lol and not lol because he really said we just go to the debtors and say hey we're a little short so we're going to pay pennies on the dollar like in Atlantic city.It should all be just fine if your prism is turned just right, hopefully- OMG

@atascabob Are you link challenged......cite Something occasionally......And BTW, that won't be his decision......and technically we can't default.......nor does he have position to be commenting on monetary policy........Keep 'em coming though.......quotes from here are keeping my fellow posters on another site entertained. Your anonymity is protected......

Oh sorry you want me to cite what I read 4 or 5 days ago. That will require some time . Here let me fix that for you."Devaluing he's talking about defaulting-lol and not lol because he really said we just go to the debtors and say hey we're a little short so we're going to pay pennies on the dollar like in Atlantic city. It should all be just fine if your prism is turned just right, hopefully- OMG"- Atascabob-lolAlso I fully expect entertainment royalties.

@atascabob Nope.......not even close. And citing yourself? Even the ACIA wouldn't allow that.Sorry, you and others volunteered.........public domain and all

The CIA is devious by design so I'm not so sure. Now you can put Trumps proposals to an economic forum , other chat room or super computer and come back with a debt analysis. I'll make it simple. More debt or less debt.Tax breaks, Military build up, Infrastructure stimulus, trade war and tariffs.I'll get my scratch pad and magic 8 ball and do an analysis. I'm done ,magic 8 ball says more debt.I'll bet others concur, they already have , come on man get your google on.