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Don't trust GM again
GM and Obama had the bankruptcy judge change rules that had been in effect for over 200 years to help GM out.
LET US NEVER FORGET
GM and Obama have screwed to many people to stay in business past 2012. They screwed employees,suppliers, dealers,investors and taxpayers. Do you think that many of these people will buy GM products? Do you think these same people will want to invest in GM when it goes public again? If you don't sell cars you don't stay in business unless you move your operation overseas where it is much cheaper.
I also reported that it has been reported by Washington that GM will never be able to pay back all the so called LOAN that Obama gave them. TAXPAYERS MONEY
Don't trust GM again
DON'T TRUST GM AGAIN--they have already stole from the taxpayers and many others. With the help of Obama----Better managed Ford did not fall under that trap.
The Obama administration's former car czar, Steve Rattner, says taxpayers have lost roughly $25 billion on their investment in GM, and there's no hope of recovering the first $4 billion loaned to Chrysler
Auto bailout to repay
These companies were never supposed to get the money unless they could repay the debt. Supposedly they had all kinds of studies done to prove they could pay it back. Now, "Oh, lets just give them the money?" What a bunch of lying, cheating, stealing individuals we have in congress and in our employ.
False positive
We're pumping more vehicles into an already saturated market of used and repossessed cars
Yeah, if you're in the market for an 07 or 08 Lexus that doesn't have rust, southern California is the place to find one.
GM re-payment of loans
why do all involved in the auto and other government bailouts refer to re-payment of "government loans". the loans are with taxpayers money, not the government's money. the government never made any money to loan----ever. these are taxpayers loans and do the taxpayers get their money back if and when repayed by the borrowers or does the government/elected retain our loaned dollars to continue to lavish themselves. it would be good to put the reporting in proper perspective--government "authorized" these loans with taxpayers money.
Auto bailout to repay "some"
When the bailout was being suggested, we were told that the taxpayers actually stood to make a profit. What gives? Truth?
False positive
How can anyone see the positive automaker numbers as positive? This is entirely a Government created bubble via your tax dollars a.k.a. Cash4Clunkers.
We're pumping more vehicles into an already saturated market of used and repossessed cars (see www.repofinder.com).
Supply and demand.
Payback
If we buy a car from one of those carmaker's that borrowed taxpaper money, do we have to pay for it?
Payback "some" of the loans
I think this is rediculous that the automakers are not required to payback the "loans" they were given. I wonder if my bank would agree is I payback "some" of my mortgage? The automakers can carry the debt they owe and pay if off little by little. I, as a taxpayer holding the debt, am not willing to simply forgive the debt. No way!
Perspective
The government agreed to give out $85 billion in risky loans for nuclear power plant construction, and the industry demanded more before the first plant would be built. I think that puts this $62 billion into perspective!
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