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Reply to this effen clown.Due to their irresponsible behavior, GM had to be rescued in 2008 on Bush's watch. They are still one-third owned by the US government.
I can't wait to hear your twisted mind explain how that is Biden's fault.
Dipshit.
Actually, I have realized over the last few years that taxpayers have nothing to do with spending. The government spends what they spend, even if it is more than the tax revenues collected.You MISSPELLED the word g'ment in your reply. it's spelled TAXPAYERS.
How many gas stations are there in the country? 168,000.
If you suck at math, that is more than a 1000 to 1 ratio. It will take 7000 years at that pace of adding 2 per month to get to 168,000 stations.
How many gas stations are there in the country? 168,000.
If you suck at math, that is more than a 1000 to 1 ratio. It will take 7000 years at that pace of adding 2 per month to get to 168,000 stations.
Actually, I have realized over the last few years that taxpayers have nothing to do with spending. The government spends what they spend, even if it is more than the tax revenues collected.
But I the taxpayer did not.Bond holders at any company usually have first claims on assets and payments. Doesn't change when the govt. owns most of the bonds. The company's shareholders voted to accept the deal.
The government retained a substantial number of shares in GM until this week however. It did become a minority shareholder in 2010 which theoretically put the taxpayers at even higher risk.I found this dated a few years ago.
In the past, the U.S. government was a majority shareholder in the company (after the 2008 bailouts). However, in 2010 GM broke free from the government's yoke and was reborn in its current incarnation. Today, the top three individual GM shareholders are Mary Barra, Mark Reuss and Dan Ammann.May 31, 2020
GM dumped US taxpayer $$ into a Chinese subsidiary, SAIC, that is also losing money. Anyone who bails out GM now is nothing but a Chinese shill.The U.S. government bailed GM out in 2010 and has owned significant shares in GM since that time--the idea of the federal government owning part of an American corporation is so antithesis to constitutional intent it surely had the Founders rolling over in their graves. Apparently that ended this week when the Federal government sold the last of its share in that company constituting a $10 billion net loss for the American taxpayers.
GM is unlikely to go out of business though most especially since they're scaling back their EV initiatives.
However it happened, the taxpayer lost billions in the deal overall. And that should never be allowed to happen ever again.GM dumped US taxpayer $$ into a Chinese subsidiary, SAIC, that is also losing money. Anyone who bails out GM now is nothing but a Chinese shill.
SAIC-GM - Wikipedia
en.wikipedia.org
Ahhh. The repubs have the House. Wake Johnson up and tell him.Will Dems give them another $53 billion dollar taxpayer bailout after government screwed them up?
Biden will just issue an EO, it's not like he obeys any other laws or the Constitution.Ahhh. The repubs have the House. Wake Johnson up and tell him.
Honestly, for me this really is not all that consuming. I did a bit of research and posted my finding. If the Feds still own stock, I simply do not care at all. I am not saying this to be rude.The government retained a substantial number of shares in GM until this week however. It did become a minority shareholder in 2010 which theoretically put the taxpayers at even higher risk.
I found an article in the past week saying that China is the owner of GM.However it happened, the taxpayer lost billions in the deal overall. And that should never be allowed to happen ever again.
The point made is that this week GM bought back the last of the stock held by the federal government at a $10 billion loss to the federal government and therefore the taxpayer. I do care about that. It simply illustrates the incompetence of government when they try to throw money at problems instead of allowing the free market to work as it can.Honestly, for me this really is not all that consuming. I did a bit of research and posted my finding. If the Feds still own stock, I simply do not care at all. I am not saying this to be rude.
Well on that score you and I are in agreement.The point made is that this week GM bought back the last of the stock held by the federal government at a $10 billion loss to the federal government and therefore the taxpayer. I do care about that. It simply illustrates the incompetence of government when they try to throw money at problems instead of allowing the free market to work as it can.
Technically GM is still technically an American company but sells more cars and trucks in China than it does in the USA. And I do believe that as of maybe 2011? (not sure of the year) China held the controlling interest in GM.I found an article in the past week saying that China is the owner of GM.
There is nothing like a cult member displaying the love for Biden.Due to their irresponsible behavior, GM had to be rescued in 2008 on Bush's watch. They are still one-third owned by the US government.
I can't wait to hear your twisted mind explain how that is Biden's fault.
Dipshit.
Coming from someone who will vote for a man than wants to abolish parts of the Constitution that he does not agree with?Biden will just issue an EO, it's not like he obeys any other laws or the Constitution.
