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Thread: Was the Auto Bailout an economic move or a political one?

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    Politics.ie Member Casualbets's Avatar
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    Default Was the Auto Bailout an economic move or a political one?

    Here's the situation.... Romney is slightly ahead in National Polls and has been consistently for two weeks... However, Obama has been consistently ahead in the Electoral College Vote tally... The reason? Four letters... Ohio.

    To set the scene, Obama won by 7.9% in 2008. In the last two weeks, Romney has generally speaking been about 1% ahead in the National Polls. In 2008, Obama won Ohio by 4.6%. Therefore, on a Uniform National Swing, Romney should be leading Obama by about 4 or 4 and a half % in Ohio. But he is not - he is actually behind by 2%. And the main reason for this? The auto bailout.

    So the question is - was the auto bailout as much a political decision to shore up Ohio's 20 Electoral College Votes as an economic one?

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    Politics.ie Member Sync's Avatar
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    What's the relevance? There's nothing to be gained by anyone pushing "Yeah it worked, but it was only done because of political reasons". It worked. That's all the voters of Ohio care about. FWIW it doesn't appear to have been political. Obama continued on Bush's plan on the bailout. It was thought to the be the right thing to do, history would tend to bear that out.
    I'm living in America, and in America, you're on your own. America's not a country. It's just a business. Now f***ing pay me.

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    Politics.ie Member Casualbets's Avatar
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    Quote Originally Posted by Sync View Post
    What's the relevance? There's nothing to be gained by anyone pushing "Yeah it worked, but it was only done because of political reasons". It worked. That's all the voters of Ohio care about. FWIW it doesn't appear to have been political. Obama continued on Bush's plan on the bailout. It was thought to the be the right thing to do, history would tend to bear that out.
    Well the relevance is if Obama does win - which I think he probably will - the fact that he was able to hold onto Ohio against the grain will be seen as a key factor in that win. So therefore, the question about the bailout is a legitimate one to ask, and it will be asked....

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    Politics.ie Member Sync's Avatar
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    Quote Originally Posted by Casualbets View Post
    Well the relevance is if Obama does win - which I think he probably will - the fact that he was able to hold onto Ohio against the grain will be seen as a key factor in that win. So therefore, the question about the bailout is a legitimate one to ask, and it will be asked....
    Asked by who? It was a republican plan executed by Obama. Who's going to say it was politically motivated and who is going to care? Obama won the state by 4% in 2008, and Democrats have taken it in 3 out of the last 5 elections. How is it going against the grain if he wins in 2012?
    I'm living in America, and in America, you're on your own. America's not a country. It's just a business. Now f***ing pay me.

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    FWIW it doesn't appear to have been political. Obama continued on Bush's plan on the bailout.
    Just because the 2 presidents belonged to different parties doesn't mean it wasn't 'political'. Both had the same ultimate motivation: keep Eddie Punchclock happy.


    It was thought to the be the right thing to do, history would tend to bear that out.

    Er, no; that's why you can say with near certainty that it was political. You couldn't defend it on economic grounds.

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    Politics.ie Member statsman's Avatar
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    It kept an entire community alive; there are both political and economic benefits to that.
    Put a thief among honest men and they will eventually relieve him of his watch. Flann O'Brien

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    Politics.ie Member SilverSpurs's Avatar
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    Quote Originally Posted by Casualbets View Post
    Here's the situation.... Romney is slightly ahead in National Polls and has been consistently for two weeks... However, Obama has been consistently ahead in the Electoral College Vote tally... The reason? Four letters... Ohio.

    To set the scene, Obama won by 7.9% in 2008. In the last two weeks, Romney has generally speaking been about 1% ahead in the National Polls. In 2008, Obama won Ohio by 4.6%. Therefore, on a Uniform National Swing, Romney should be leading Obama by about 4 or 4 and a half % in Ohio. But he is not - he is actually behind by 2%. And the main reason for this? The auto bailout.

    So the question is - was the auto bailout as much a political decision to shore up Ohio's 20 Electoral College Votes as an economic one?
    A socialist buying todays votes with his childrens and grandchildrens taxes.....you never!!!

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    Politics.ie Member statsman's Avatar
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    Quote Originally Posted by SilverSpurs View Post
    A socialist buying todays votes with his childrens and grandchildrens taxes.....you never!!!
    You have no idea what the word Socialist actually means, do you?
    Put a thief among honest men and they will eventually relieve him of his watch. Flann O'Brien

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    Politics.ie Member Casualbets's Avatar
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    Quote Originally Posted by Sync View Post
    Asked by who? It was a republican plan executed by Obama. Who's going to say it was politically motivated and who is going to care? Obama won the state by 4% in 2008, and Democrats have taken it in 3 out of the last 5 elections. How is it going against the grain if he wins in 2012?
    I explained the math above Sync. Obama won nationally by 8% in 2008, by 4% in Ohio. He is now 1% down in National polls, yet is still 2% ahead in Ohio. That is very much against the grain. Ohio's 20 Electoral College are pivotal.

    So therefore it IS a pertinent question. In the same way questions about Doctor James Reilly's Primary Care Centre decisions are pertinent.

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    Quote Originally Posted by statsman View Post
    It kept an entire community alive; there are both political and economic benefits to that.
    Imagine all the communities that could have been kept alive if US govts. had bailed out farmers for the last 200 years...not to mention all the chimney sweeps, owners of horse-drawn carriages, tinkers, wireless manufacturers, etc etc.

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