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

David157 Wrote: Sep 17, 2012 11:23 AM
This is a great column. Precise. Detailed. And devestating to the "lying liars", as Monica Crowley so beautifully puts it, on the left. The auto bailout/Obama takeover has been a tremendous failure, as GM is right back on the path to insolvency, having bilched us, the American taxpayer who is already trillions in debt, for $10s of billions just to sustain them for another few years. The Volt is a Dolt. The rightful creditors/shareholders/non-union employees and taxpayers all got the shaft in the GM/Obama bankruptcy.
comsense08 Wrote: Sep 17, 2012 8:51 PM
Yea, but the billions funded the pension plans for the union guys who are retired or close to it. They don't care if GM goes down as long as their pensions aren't touched. Have some teacher friends with the same attitude. Their ONLY concern is that their pensions are safe. They don't give a hoot about current school problems or the betterment of the students. It's about their government funded pensions!

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...

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