Posted on 06/30/2013 12:05:28 PM PDT by Red Statements
Before I tell you of all the new developments at government motors, I’d like to inform you of the true cost of the GM bailout. The “official” tally is ten billion, but the actual total cost to taxpayers is over 50 billion dollars. GM has a market cap (Net worth) of 28 billion. The paybacks we received from GM are the true, but kind. Read this for the true costs.
(Excerpt) Read more at redstatements.co ...
You can post the article/editorial in its entirety here. You won't violate any rules.
5.56mm
You realize you link doesn’t work?
I’ve gone from being a satisfied GM customer to being absolutely disgusted with the company. Thank Heavens for Ford, or I would be unable to buy domestic.
Top link, under the title works for me. Haven’t tried the other one yet.
I know im numb to most of it now
Both links work for me.
OK. Must be something with my ISP.
My BIL is still telling me how we are making money on the GM bailout. AKA the UAW money laundering scheme.
When will the right realize that there will never be any outrage over the criminal acts of Obozo and the Dems?
Agreed. It’s almost like “Yawn, and what else?”. I’ve gotten to the point where almost nothing surprises or shocks or astounds or baffles me anymore. Despite being sick and tired of it, it still PO’s me no end that the no/low info voters don’t give two damns as long as they get what they are “owed?. Di-friggin-sgusting!
I was disgusted by the use of taxpayers dollars to bail out a private company, but that’s not the worst of it. The unforgivable moral crime was the violation of contract law, common law, and bankruptcy law that allowed them to stiff the bondholders and others who had valid claims in order to reward the UAW and other politically connected favorites of Obama and his people. I am boycotting GM forever because of that shocking corruption. I do not deal with crooks, so that company is dead to me.
What’s to get upset about? It is only 100 Solyndras! < / sarcasm >
When you are having trouble it’s usually a browser issue. Cut and paste link directly into the browser.
It’s not on my end. If others can hit it fresh (not cached), it’s my ISP’s problem. Thanks.
The media reported that GM paid back the debt and most believe it.
The media reported that GM paid back the debt and most believe it.
Just like Jon Corzine stealing the supposedly segregated accounts at MF Global - no charges ever filed, despite testimony that he gave the orders to use that money? Now the CFTC is suing Corzine, to take his license to trade???
We are no longer a nation of equality under the law, at the federal, state or local level. Our elected officials look a laws as ‘tools’, to guide the sheeple in the ‘correct’ direction. I keep trying not to get discouraged. I’ll never buy anything from Government Motors though, for the rest of my life.
Just what Obama intended them to do.
Interesting post.
We will, however, become very owly if we begin to suspect you are just searching for clicks by posting tiny excerpts of what appears to be your own blog.
Not nice. We're here to share information. If you have something to say, then post the entire article. It it's worthwhile, you will gain readership from like-minded FReepers.
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