EDITORIAL: Government recalls GM stock (Good read)

The Washington Times ^ | December 26, 2012 | Editorial

[arthurus]

It will always be Government Motors because it will always be first in line for government handouts/subsidies. If it can go though a proper bankruptcy and get rid of the unions altogether, then, maybe, they can earn a place in the free market, what’s left of it, again. Even if/when the Gummint no longer owns any shares GM will still be the government’s first best hope to get a respectable number of electric cars on the road and it will have to be done with lots of government money. Other entities may come to own the official shares of GM but the government will be pulling GM’s strings for a long time to come.

[DustyMoment]

Under the best case scenario, the public will wind up shelling out more than $13 billion by the close of this unfortunate episode.

But . . but . . but . . how can this be!!??? The president and his sock puppet, Ed Whitaker, went on TV to inform us that Government Motors has repaid "every dollar" of the government loan. And, that was over a year ago!!

Don't tell me that these people LIED!!!



(I'm SO disappointed!)

[lowbridge]

bump

[jazusamo]

Yep, am wondering if the turkey intends to just once tell the truth. Nah, it won’t happen.

[AuntB]

BTT

[4Liberty]

More crony-unionism, break down of Rule of Law (contract).

Grifters don’t enforce market contracts. They peel off mob rent (make you pay a Rat tax campaign contribution) as a pre-condition for briefly leaving you alone.

Too bad GM bondholders... good luck with the cat food.