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To: VRWCarea51

How much does GM still owe the U.S. Government (us)? I know they paid back part of the money...


20 posted on 02/06/2012 2:42:38 PM PST by GoldwaterChick
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To: GoldwaterChick

http://www.freerepublic.com/focus/f-news/2843370/posts

What Chrysler and GM desperately needed in their extremity was to go through Chapter 11 reorganization to pare down wages and benefits, shed uneconomical dealerships, and ditch unnecessary brands. When the government got its hooks in them, it politicized this process and threw some $80 billion at the companies. Since we’ll never get an estimated $23 billion back, we all must be “pulling together” behind Detroit still.


29 posted on 02/07/2012 5:32:26 AM PST by VRWCarea51
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