GM Spends $1.3 Billion to “Create or Retain” 1,000 Jobs

NLPC ^ | December 18, 2013 | Mark Modica

[Pearls Before Swine]

But isn't America unique in that it's Gov. can legally counterfeit however much it wants/needs?

Not at all. Any government can print as much as it wants. See Zimbabwe, or the Wiemar Republic, or the Roman emperors who clipped coins. The difference is that the US is coming from a historically unique position where it is running down its reputation and position as it overspends.

This time may not be different, but the operating assumption is that we can pretend for a while that it is.

[BfloGuy]

I would agree as long as GM invests money they earn and investors and taxpayers are not ripped off but that is not the case here.

I'm still curious. What does GM need to do now to be able to invest in future growth without criticism? I think there is too much carping about GM and not enough about the government here.

Obama's government chose to sell its stock at a loss; and GM didn't get the difference -- shareholders did. GM should simply get on with it. What's done is done.

[jazusamo]

Obama’s government? nuff said