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To: Qbert
GM Needs to Double Earnings to Repay Taxpayers

Ahem ... businesses use cash flow, not book income, i.e. earnings, to pay their bills.

So how much more cash does Government Motors need to generate to repay the bondholders that were screwed in the government takeover ... and how many Chevy Volts do the idiots have to peddle in order to do this?

5 posted on 08/19/2010 8:04:17 AM PDT by Zakeet (Mark Steyn: We're too broke to be this stupid)
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To: Zakeet

The price and recharge mileage has already doomed the Volt. Two years after it’s release when reality sets in and the honeymoon sales are over, the stock will tank.


11 posted on 08/19/2010 8:14:29 AM PDT by whence911 (Here illegally? Go home. Get in line!)
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