its ALL about the ONE ya know??
Posted on 12/09/2013 3:59:25 PM PST by Askwhy5times
Couldn't we just as easily say "GM has now repaid every taxpayer dollar the previous Administration committed to its rescue, plus billions invested by my Administration?"
Via WhiteHouse.gov:
When I took office, the American auto industry – the heartbeat of American manufacturing – was on the verge of collapse. Two of the Big Three – GM and Chrysler – were on the brink of failure, threatening to take suppliers, distributors and entire communities down with them. In the midst of what was already the worst recession since the Great Depression, another one million Americans were in danger of losing their jobs.That nuanced change still omits the fact taxpayers lost $10.5-billion.
As President, I refused to let that happen. I refused to walk away from American workers and an iconic American industry. But in exchange for rescuing and retooling GM and Chrysler with taxpayer dollars, we demanded responsibility and results. In 2011, we marked the end of an important chapter as Chrysler repaid every dime and more of what it owed the American taxpayers from the investment we made under my Administration’s watch. Today, we’re closing the book by selling the remaining shares of the federal government’s investment in General Motors. GM has now repaid every taxpayer dollar my Administration committed to its rescue, plus billions invested by the previous Administration. [...]
What about the people holding bonds/shares of old GM?
Just what I was about to say....
What about the Coal Industry?
The government destroys better than it rescues. Repercussions to devastate all.
They got wallpaper for their garage (assuming they were able to exchange their e-docs for paper).
In other words, they still owe billions.
This come out of the mouth from one who as no problem lying.
if you don't count that $10billion the taxpayers lost that is...
The bondholders, according to 0bama, are Wall Street speculators. All of us little guys with IRA accounts are Wall Street speculators.
“Since it worked so well with GM, I am now announcing a 10B loan to Detroit.”
Ha...I should send this to our “friends” who voted for the one...and then got screwed shortly after on their GM bonds
Or the hard-working retirees who had deep benefit cuts.
LYING...LYING...LYING...SOB POS!!!!!
Well at least he is with his “brothers” dead and alive in his beloved African continent home tonight....glad Netanyahu is not there!!!!!!!!!!!!!!!
And these are the kind of people who take money from us and “invest” it...
Conveniently omitting the fact that Ford was also in the same situation but got itself out of trouble the American way, by its own efforts.
That is why GM and Chrysler are dead to me.
FUBarack. You pre-meditated lyin’ punk POS.
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