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U.S. exits GM stake in $10 billon loss for taxpayers
Yahoo News/Reuters ^ | Dec 9, 2013 | Jason Lange

Posted on 12/09/2013 7:41:48 PM PST by Innovative

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To: matt04

...........We didn’t bail out GM, we bailed out the Unions which destroyed GM..................

And as GM earned $4 billion, and Zer0’s team gave away 40% of GM equity to the unions, the unions get credit of $1.6 billion in this year’s pretax profit,

while the US taxpayers take $10 billion in the shorts, and get no income tax revenue from GM’s success.


21 posted on 12/09/2013 9:19:41 PM PST by Noob1999 (Loose Lips, Sink Ships)
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To: Innovative
We need to look on the bright side.

Look at all the union jobs that were saved!

22 posted on 12/09/2013 9:33:22 PM PST by Gritty (The emperor has hipster garb, but underneath heÂ’s just another Commissar Squaresville - Mark Steyn)
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To: Innovative

bkmk


23 posted on 12/09/2013 9:48:35 PM PST by AllAmericanGirl44 ('Hey citizen, what's in YOUR closet?')
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To: Fzob; matt04; Noob1999

matt and Noob got it right - this was all about the union.


24 posted on 12/09/2013 9:49:37 PM PST by volunbeer (We must embrace austerity or austerity will embrace us)
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To: Innovative

Yea but that is only 1% of a Trillion so what’s the big deal?
You must be one of those evil Tea people.

/s


25 posted on 12/09/2013 10:42:34 PM PST by mowowie
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To: Innovative

This paints a good picture of progressive government as money manager and why social security is a myth.


26 posted on 12/10/2013 1:16:44 AM PST by clearcarbon
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To: Noob1999
the US taxpayers take $10 billion in the shorts,

That's what the loony left say, but as usual the news keeps getting worse (from here):

The Treasury Department on Monday announced that the government has sold its remaining shares of General Motors (GM) and that losses from the 2009 auto industry bailout total about $15 billion.


27 posted on 12/10/2013 3:08:46 AM PST by expat_panama
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To: Tzimisce

You’re telling us you’d trade what few morals you may have for one of their union cards, if you couldn’t have won a democrat seat somewhere.

That’s despicable.

HF


28 posted on 12/10/2013 8:00:27 AM PST by holden
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To: Innovative

A 40 year old volunteer retard told me obama was the greatest president ever because GM paid us back. And that was 3 three years ago.


29 posted on 12/10/2013 9:56:57 AM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: Vendome

Has GM paid a single dime of income taxes under Obama???

I don’t think so.


30 posted on 12/10/2013 10:22:20 AM PST by ridesthemiles
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To: All

Back when GM refinanced their “loan” it was reported that they had paid off the loan. Lots of dumb liberals were on FB praising obama as the greatest president ever because he got all the money back. That’s the stupidity we’re dealing with. I don’t understand how anyone can stand spending time with one of these idiots.


31 posted on 12/10/2013 2:17:04 PM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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