Oh.......I didn't realize you were a pu$$y who could only have one bet. My bad.

😝 😝 😝 😝 😝 😝 😝 😝 😝

The revolution will not be televised!

KILL THE BOOB TUBE!!!

It's rotted your mind.

GM paid back their government loans with government bailout money. Government bailout money can only be repaid by the US government selling their stock ownership.

General Motors’ Debt
May 3, 2010
Q: Did General Motors repay its TARP loan from the Treasury with other TARP money?

A: Yes. GM repaid the loan portion of the automaker bailout ahead of schedule, with interest. It used TARP money it had already received but hadn’t spent. And taxpayers are still stuck with GM stock that isn’t worth what was paid for it.
FULL QUESTION

There are GM commercials and mass mailings that say they’ve paid back their "government loans" ahead of schedule with interest. Didn’t the government take a 71% ownership in the company? Was that a loan or is the loan a smoke screen for the actual government ownership?

---

Has GM repaid its bailout loan in full with interest, 5 years ahead of schedule?

GM is running advertisements claiming the above statement is true, and the President seemed to reaffirm that claim in his most recent radio address. However, Sen. Grassely (R) claims that GM is using other bailout funds in order to pay off the aforementioned bailout funds and their claim is simply an accounting trick.

FULL ANSWER

Many readers have asked us about the White House-touted news that General Motors, and Chrysler, repaid loan money from the Treasury Department, with interest, ahead of schedule. GM launched an ad boasting of the news, and President Obama talked about it in his weekly address on April 24.

We wrote about this, too, on April 26 in a review of the Sunday political talk shows. Here’s the deal for those who missed that post:

■Yes, it’s true that GM paid back its loan from the Treasury Department, in full, ahead of schedule.
■But the debt was only part of the automaker bailout package. Through the Troubled Asset Relief Program, the Treasury gave GM $49.5 billion, most of which was converted into an ownership stake in the form of stock. Through this equity stake, the government still owns 61 percent of GM.
■Some Republicans, including Sen. Chuck Grassley of Iowa have pointed out that GM used TARP money to pay back its TARP debt. That’s true, but GM simply handed back TARP money it had been lent and hadn’t used. Those funds had been sitting in an escrow account, should the automaker need them. (The company didn’t borrow new money to pay back an older loan.)
Grassley has argued that this wasn’t a "meaningful" repayment of a loan, since it didn’t come from earnings. That’s an opinion, and we’ll leave it to readers to agree or disagree with the senator. The TARP special inspector general, Neil Barofsky, has said the repayment was "good news," since it meant the automaker didn’t need to use those funds held in escrow. In testimony before the Senate Finance Committee on April 20, Barofksy made it clear GM still was operating with government help:

Barofsky, April 20: G.M. has paid $1 billion, and I think they’ve announced that they’re going to be paying back the debt portion, which is about — I think there’s about $6 billion left in its entirety very shortly. But we should be a little — we need to be a little bit cautious about that because the way that that payment’s going to be made is drawing down an equity facility of other TARP money.

So it’s good news in that they’re reducing their debt, but they’re using it by taking other available TARP money to repay the TARP. It’s good news because it means that money, which was going to be available for future problems with G.M., that there’s a determination that they don’t need it, but we should caution that it’s not necessarily being generated out of earnings, but out of other TARP funds.

In an April 21 interview with Fox News’ Neil Cavuto, Barofsky repeated his assessment that the repayment was "good news" but should be taken with a grain of salt. "I mean, the good news is, that money — they already have that money that’s in that escrow account, so it does lower the total amount of money that they owe to the government, so that’s somewhat good news," Barofsky said. "But I don’t think we should exaggerate it too much, when we remember where — the source of this money is just other TARP money."

The president’s and GM’s statements may have given some the false impression that taxpayers have gotten back all the bailout money loaned to or invested in GM. Strictly speaking, Obama was accurate when he said: "GM announced that it paid back its loans to taxpayers with interest, fully five years ahead of schedule." But he alluded only vaguely to other bailout money, which taxpayers may never get back, adding: "It won’t be too long before the stock the Treasury is holding in GM can be sold, helping to reimburse the American people for their investment." Those statements might have confused anyone who wasn’t familiar with the details of GM’s stock-and-loan debt to the Treasury.

As for Treasury’s equity stake, worth $40 billion-plus, the nonpartisan Congressional Budget Office has said the Treasury won’t fully recoup that money. The total automaker bailout, including TARP money given to Chrysler, CBO estimates, will cost taxpayers about $34 billion.

– Lori Robertson

Update, May 3: The CBO doesn’t give a breakdown of how much of its $34 billion cost estimate for the bailout would have gone to General Motors. But most of the automaker bailout funds went to GM. While the Treasury has a 61 percent equity stake in GM, its stake in Chrysler is 9.9 percent.

Sources
Obama, Barack. Weekly address, transcript. WhiteHouse.gov. 24 Apr 2010.

Office of the Special Inspector General for TARP. "Additional Insight on Use of Troubled Asset Relief Program Funds." 10 Dec 2009.

Cavuto, Neil. Interview with Troubled Asset Relief Program Special Inspector, transcript. Associated Press. 21 Apr 2010.

CQ Transcriptions. Sen. Max Baucus Holds a Hearing on the Financial Institution TARP Fee. 20 Apr 2010.

Grassley, Charles. "Did General Motors Really Repay Its Taxpayer Bailout?" FOXNews.com. 23 Apr 2010.

Congressional Budget Office. Report on the Troubled Asset Relief Program — March 2010. Mar 2010.

^^ oh snap! Truth slap!

My pimp hand is strong.

[frypan]

Ram has a bat... [ram27bat]

That match his leaderhosen too!

They bring out the twinkle in his eyes!


[whip]

he must like you.... everbody else fear his cold steel eyes..... [ram27bat]

THIS JUST IN: Ham sandwich refuses Republican nomination.
Sandwich says; “if I ran against Obama, I would be bologna without the mayo”.
Pickle declines comment. Chips confess to being hard core Democrats.

Film at 7-11

🤬

Ok queer boy...

It's a bet...
🤬

Daily Presidential Tracking Poll
Monday, June 13, 2011 Email to a Friend ShareThisAdvertisement
The Rasmussen Reports daily Presidential Tracking Poll for Monday shows that 22% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as president. Forty percent (40%) Strongly Disapprove, giving Obama a Presidential Approval Index rating of -18 (see trends).

This is the first time the president’s Strong Disapproval rating has reached 40% since the killing of Osama bin Laden.


Hello President Ham Sandwich,,,

he should kill someone else.... 😟

He killed the US economy

hehe

its fun looking at the tracking of the rankings... watching it go down hill... down hill fast.

Top Ten Obama Budget Failures
So many to choose from . . .




Looking for a good joke? Did you hear the one about how President Obama is making painful spending cuts in order to reduce the budget deficit?

There is so much to dislike in this budget that it’s hard to narrow it down to the worst ideas. But here are my top ten:

1. Red ink as far as the eye can see. At no point over the next ten years does the president propose that the government actually balance its budget. In fact, the budget deficit never drops below $600 billion. By 2020, the deficits are over $700 billion again and rising.



2. Greek-style debt. Overall, the president’s budget adds roughly $13 trillion to the national debt over the next decade. By 2020, our gross debt reaches $26 trillion.

3. More spending. Unprecedented budget deficits, unsustainable debt — and what does the president propose? Spending $53 billion over ten years on high-speed rail. Nothing better symbolizes the triumph of narrow special interests over the national interest. In total, the president’s budget includes $8.7 trillion in new spending over the next ten years on everything from education to “green jobs.”

4. Locking in past spending increases. After increasing domestic discretionary spending by 21.4 percent over his first two years in office, the president now proposes to freeze spending, thereby locking his previous increases in place. It is important to remember that Obama’s increases came on top of huge increases during the Bush administration. Thus, for example, under Obama’s budget federal spending on education will have increased by more than 100 percent since 2001. The Department of Energy’s budget is up 134 percent. Even the Department of Agriculture will spend 112 percent more than it did before George W. Bush became president.

5. Bigger government. Under the president’s proposed budget, the size of government would actually increase from the current 23.8 percent of GDP — the second-highest ratio of government spending to GDP since Word War II — to 24.8 percent.

6. Higher taxes. The president’s budget imposes $1.6 trillion in new taxes on families and businesses over the next decade. This includes more than $900 billion in higher income taxes and $435 billion in unspecified transportation taxes.

7. No entitlement reform. Last month, the Congressional Budget Office reported that Social Security had begun running permanent budget deficits. Medicare is facing future budget shortfalls larger than the entire budgets of most countries. In fact, if the unfunded liabilities of entitlement programs were to be included in our national-debt figures, our total future indebtedness could top $127.5 trillion. The president’s response to this looming crisis was to do . . . nothing.

8. Faux Defense Cuts. The president’s budget includes $78 billion in defense cuts recommended by Secretary Gates over the next five years. If implemented, those cuts would amount to barely 2 percent of Pentagon spending over that period. But, as with much of the administration’s budgeting, the cuts turn out to be the usual Washington game of calling a reduction in projected increases a “cut.” In reality, the military’s base budget (excluding the costs of the wars in Iraq and Afghanistan) will increase from $549 billion to $553 billion. Some conservatives may be pleased that Pentagon spending will be at the highest level in history, but it is impossible to make any serious effort at deficit reduction without addressing defense.

9. Phony assumptions. “Rosy scenario” is back. The president’s budget numbers are based on the assumption that the economy will grow, in real terms, 3.6 percent in 2012 and 4.4 percent in 2013. That’s much faster than CBO or private economists forecast, and nearly a quarter point faster than the economy has grown coming out of the last five recessions. The president also projects a dramatic decline in unemployment, with the jobless rate dropping to 6.3 percent in 2014 and then falling to just 5.3 percent in 2017 and beyond. Maybe, but not likely, especially given the impact of the administration’s proposed tax increases and the looming implementation of Obamacare. And speaking of Obamacare, the administration continues to insist that the new health-care law will reduce the deficit by nearly $200 billion, when an accurate accounting suggests that it will actually increase the deficit by as much as $823 billion.

10. More money for Obamacare. The budget includes $465 million next year to implement the Patient Protection and Affordable Care Act. The Centers for Medicare and Medicaid Services (CMS), the agency charged with implementing most of the law’s major provisions, such as Medicare changes, Medicaid expansion, insurance reforms, and the exchanges, will hire an additional 650 bureaucrats. Moreover, CMS director Donald Berwick told reporters that additional Obamacare funding is scattered throughout the budget.

Are you laughing yet


Our new 1st Lady, Mrs. Cucumber Sandwich

Yes, laughing a bit . . . . .

You’ve been looking at Ann Coulter’s b00bs, haven’t you Wheel?