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Admitting the (GM) bailout “wasn’t a very popular action,” Mr. Biden said it made Generals Motors was now “the largest corporation in the world” and “hiring…hundreds of thousands of new people.”
“Largest corporation in the world?” Really? By what measure? GM isn’t even #1 in America. It is #23 in the US measured by the number of employees. Its market cap is $41.9 billion; Apple’s is $575 billion. GM’s revenues last year were $135.6 billion; Wal-Mart’s were $421.9 billion. GM’s profits were $6.2 billion last year; AT&T’s $19.9 billion.
As for Mr. Biden’s claim that General Motors is hiring “hundreds of thousands of new people,” the car company has 208,000 workers today, compared to 263,000 at the time of Mr. Obama’s bailout
The Vice President also plunged into health care, asserting, “there’s millions of people out there” already benefiting from provisions in the new law.
But far fewer people with preexisting conditions have signed up than anticipated (just 49,000), a much-ballyhooed subsidy for small businesses has gone virtually unused, and thousands of companies have been forced to seek waivers to keep millions of workers covered by existing policies.
“there’s millions of people out there” already benefiting from provisions in the new law.
Originally posted by WeRpeons
“there’s millions of people out there” already benefiting from provisions in the new law.
I think there are a lot of people who have taken advantage of some aspects of the new healthcare plan. I for one have taken advantage of having my daughter stay on my healthcare plan after college until she found a good full time job with benefits. At 24, she's now on her feet with health care benefits and doing well. I'm sure a lot of parents who have college graduates struggling to find jobs in this economy are taking advantage of this part of the bill.
Originally posted by WeRpeons
“there’s millions of people out there” already benefiting from provisions in the new law.
I think there are a lot of people who have taken advantage of some aspects of the new healthcare plan. I for one have taken advantage of having my daughter stay on my healthcare plan after college until she found a good full time job with benefits. At 24, she's now on her feet with health care benefits and doing well. I'm sure a lot of parents who have college graduates struggling to find jobs in this economy are taking advantage of this part of the bill.