I'd like a deal like that for myself...
I would love to see the money trial on this bit of world class grifting. Someone made a lot of money on our backs.
Wait....they made $4 billion + and we have to eat better than $10 billion?
The least they could have done is use those profits to cover our losses.
Some gratitude. If we hadn’t bailed them out they’d be dead.
Thnx GM.....
The same fella that told us we could keep our plan told us we the people made a profit on this deal. At least he’s consistent.
Not to mention the five billion in stimulus funds given to them. And also, wasn't some of the loan money forgiven?
Other than dealing happy smoke, Bolivian marching powder and poppers, has this guy EVER made a profit?!
Did you think a community organizer could turn a profit?
This was nothing more than “spreading the wealth” to the unions at the expense of bondholders and taxpayers.
If I were a Union member or liberal politician, I’d be laughing and crapping on everyone too.......
Add $45.4 billion to that $10 billion loss to the treasury. That's the tax credit GM was granted by the IRS under the TARP Act. And though GM was allowed to shed all their old liabilities—including chemically contaminated plant sites—they were allowed to keep some of the old GM’s business losses to gain a further tax advantage. Any profit posted by GM should be viewed in light of their historic tax avoidance bonanza.
http://online.wsj.com/news/articles/SB10001424052748704462704575590642149103202
Remember when Whitacre and Obama claimed the “taxpayers” would MAKE 4-8 billion dollars on this deal, and how the left media said anyone that didn’t agree was a RACIST that hated America, and wanted GM to fail because we had a black President?
so they get to continue they're huge pensions and benefits and bonuses and I get to keep paying taxes and working.....
what a country....
I still will not buy a new or even newer GM product....
Look at all the union jobs that were saved!
bkmk
Yea but that is only 1% of a Trillion so what’s the big deal?
You must be one of those evil Tea people.
/s
This paints a good picture of progressive government as money manager and why social security is a myth.
A 40 year old volunteer retard told me obama was the greatest president ever because GM paid us back. And that was 3 three years ago.