Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Vendome

We didn’t bail out GM, we bailed out the Unions which destroyed GM. By nit declaring Ch 11 and getting the contracts in line with industry standards, they have kicked the can down the road.


15 posted on 12/09/2013 8:41:40 PM PST by matt04
[ Post Reply | Private Reply | To 4 | View Replies ]


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)
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson