Reality Check on Jobs

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Originally posted by: hoops2
"Chapter 11 occurred AFTER the Federal Government intervention. It was never an option in late 2008 when the company was set to shut its doors and liquidate...unless another buyer was set to step in and take on the 50 billion in debt the company owed. Despite Hoops's claims there was no such buyer. Make no mistake - in January of 2008 GM did not have enough cash to qualify for Chapter 11. Like I said in my earlier post - they had two options: liquidation or a government bailout. "

The process never allowed an option for the company or it's assets to be bought on the open market, so of course there were no buyers

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Originally posted by: hoops2
The stock was delisted.

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Originally posted by: billryan

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Originally posted by: MIKEY7777
I really do not understand how liberals put the blinders on, Obama has failed so far. As a small business owner obama is the enemy. As a conservative person, not a Republican, I opened my eyes and realized Bush was over spending and I can admit it.

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So the President of the United States is your enemy? Please identify your business so I can be certain never to patronize it.

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Originally posted by: billryan

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Originally posted by: MIKEY7777
facts: Private sector jobs gained 2,947,000......pivate sector jobs lost 4,189,000
Government jobs lost 599,000 so more jobs have been lost in the private sector under Obama
Also federal jobs pay has increased.......USA Today reporter "The number of federal employees making $150,000 or more a year has soared 10 fold in the past 5 years and doubled under Obama".......a liberal paper. not Fox Channel propoganda.

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If you take even one minute to examine that claim, you'll see that most Federal job salaries were cappped at around $148,500. Under GWB, all Federal workers got a 3% pay increase in his last year in office. Thus all the folks making $148K suddenly were making over $150K.
Last year, I finished a contract to help run the 2010 census in NYC. My pay was exactly the same as it had been in 2000. Not a dime increase, dispite ten years of small inflation.
As far as I know, all Federal employees are in the midst of a two year salary freeze,even thought their health care cost have risen about 5%.

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Originally posted by: billryan
Lets see.
This is December 2011. I stated that last year I finished a contract for 2010. That would mean I finished at least 11 months ago, although it was actually closer to 18. Reading is so important. By the way, my salary was paid by the people of the United States, not any one person.
I'm currently employed in the celebrity entertainment industry, providing logistics, security and transportation for the rich and famous.
Terrible job but it pays the bills and has a few decent perks. Our clients pretty much are the same ones who qualify to join a hedge fund. Let me know when you qualify and I'll see to it you don't accidently use us.

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