In response to:

With $33.6 Billion Cash, If GM Can’t Tell the Truth They Can Give Us Our Money Back

csimmons Wrote: Sep 17, 2012 7:51 AM
Technically speaking, GM already has "paid back" the bailout -- some of it in cash, the rest with GM stock. The problem is this: If the government sold its stock at current prices, it wouldn't quite recoup what it lent to GM during the economic crisis. Also you think the country is messed up now. Try replacing 1.1 million jobs.This government should do us a damn jester. No more raises untill they fix this stuff. I really don't care about the talking points. Just get to work and let the people of America do what we do best.
PaleoPatriot Wrote: Sep 17, 2012 9:58 AM
This Obama Admin doesn't want GM or any other business to succeed. O wants to diminish Americas standing in the world.
rreid Wrote: Sep 17, 2012 9:23 AM
" Wouldn't quite recoup". Way to spin lib.. Stock is at $24 needs to be $50 for govt to break even. What about all those retirees who had their retirement $ in GM stock?
momham33 Wrote: Sep 17, 2012 8:41 AM
The cash they used came from another TARP fund and they put investors behind the unions ... shame on them!
Snarkasterous1 Wrote: Sep 17, 2012 8:09 AM
The 1.1 million jobs (to use your figure) would not have simply vanished had the Obozo administration not "used this crisis" as an opportunity to payback its union benefactors using OUR tax dollars.

There is a VERY long history of companies going into bankruptcy, restructuring, and either emerging leaner and more competitive as independent entities, or being purchased by ongoing concerns that are better run. Either way, the market demand for cars didn't vanish, so the need to produce those cars remained, so the jobs (in general) would have remained as well.

What was done in this case (aside from the union thug payback, mentioned above, that circumvented well-established bankruptcy law) was yet FURTHER gov't intervention in the market.
Snarkasterous1 Wrote: Sep 17, 2012 8:11 AM
Obozo and pals kicked the can further down the road. GM will be back with its hand out - looking for more of our tax dollars. They still have the structural issues (underfunded and unfundable union-driven bennie programs, inflated wages, union-driven workforce inflexibility, unaccountability, and inefficiency).

Think that the latest infusion of our tax dollars will somehow result in a long-term viable GM? Right. Got a cheap bridge for ya....really cheap!
Snarkasterous1 Wrote: Sep 17, 2012 8:11 AM
Obozo and pals kicked the can further down the road. GM will be back with its hand out - looking for more of our tax dollars. They still have the structural issues (underfunded and unfundable union-driven bennie programs, inflated wages, union-driven workforce inflexibility, unaccountability, and inefficiency).

Think that the latest infusion of our tax dollars will somehow result in a long-term viable GM? Right. Got a cheap bridge for ya....really cheap!

Over the weekend General Motors fought back against critics who have been all over the company after published reports say that the government-subsidized car company is spending as much as $90,000 to produce the “breakthrough” electric car, the Chevy Volt. The Volt retails for only $40,000.

Although the company refused to release figures regarding Volt production costs, UPI quotes the company as saying that critics have "allocated product development costs across the number of Volts sold instead of allocating across the lifetime of the program, which is how business operates."

The UPI whines that the Volt has become a...

Related Tags: Money GM