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

Jeff_Georgia Wrote: Sep 17, 2012 9:50 AM
Are GM bond holders suing over obama's blatant, and cynical lawbreaking? If so, how does it? If not, why? Where is the knee pad media? Don't any of them hold bonds in their 401ks, IRAs, etc.? And might they be concerned that it is THEIR bonds that obama will violate next? Set twitter ablaze with #kneepadmedia

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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