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It is amazing how much better your cash flow looks after you've screwed your creditors and bankrupted on your debt.
The sham bankruptcy destroyed the rule of law, screwed rightful creditors, and rewarded Obama's cronies in the auto unions. It certainly did not fix GM's problems, which have been years i the making, in 15 months.
GM will be back to ask for more money. It is only a matter of time.
Now "its a matter of time"
Before it was they will be back asking for money in three months and we will never see a nickle back on our investment
Moving the Goal Posts again Rabbi?
When did I post we would never see a nickle and htey'd be back in 3 months? Please post links.
Unless you're lying again. Which is what you've done.
Now "its a matter of time"
Before it was they will be back asking for money in three months and we will never see a nickle back on our investment
Moving the Goal Posts again Rabbi?
When did I post we would never see a nickle and htey'd be back in 3 months? Please post links.
Unless you're lying again. Which is what you've done.
I owe the Rabbi a public apology
Looking at his posting information, he did not join the board until Sept 2009, well after the GM Bailouts
So I publically admit I was wrong about the Rabbi and concede that he, in fact, supported Presidents Bush and Obama in bailing out the auto companies and knew all along that GM would thrive and pay back the money
But if they need some Good News
GM received about $50 billion last year from the U.S. government to stay in business and make it through bankruptcy court. The company repaid $6.7 billion, and the balance was converted to a 61% government stake in the automaker.
The government hopes to get the rest of the money back when GM sells its shares.
Obama on Thursday said the government will recover all taxpayer money his administration used to bail out the auto industry.
The White House said the president referred only to the $60 billion his administration spent rescuing the auto industry, not the $25 billion spent under the Bush administration. The most recent government estimate found that taxpayers will lose $24.3 billion on the auto bailout.
The Obama and Bush administrations poured $85 billion into General Motors, Chrysler, auto lenders and suppliers to avoid an industrywide meltdown in 2008 and 2009.
But if they need some Good News
GM received about $50 billion last year from the U.S. government to stay in business and make it through bankruptcy court. The company repaid $6.7 billion, and the balance was converted to a 61% government stake in the automaker.
The government hopes to get the rest of the money back when GM sells its shares.
Obama on Thursday said the government will recover all taxpayer money his administration used to bail out the auto industry.
The White House said the president referred only to the $60 billion his administration spent rescuing the auto industry, not the $25 billion spent under the Bush administration. The most recent government estimate found that taxpayers will lose $24.3 billion on the auto bailout.
The Obama and Bush administrations poured $85 billion into General Motors, Chrysler, auto lenders and suppliers to avoid an industrywide meltdown in 2008 and 2009.
obie wan peddles a lot of bullshit that just ain't so.
But if they need some Good News
GM received about $50 billion last year from the U.S. government to stay in business and make it through bankruptcy court. The company repaid $6.7 billion, and the balance was converted to a 61% government stake in the automaker.
The government hopes to get the rest of the money back when GM sells its shares.
Obama on Thursday said the government will recover all taxpayer money his administration used to bail out the auto industry.
The White House said the president referred only to the $60 billion his administration spent rescuing the auto industry, not the $25 billion spent under the Bush administration. The most recent government estimate found that taxpayers will lose $24.3 billion on the auto bailout.
The Obama and Bush administrations poured $85 billion into General Motors, Chrysler, auto lenders and suppliers to avoid an industrywide meltdown in 2008 and 2009.
obie wan peddles a lot of bullshit that just ain't so.
Link that proves otherwise?
But if they need some Good News
GM received about $50 billion last year from the U.S. government to stay in business and make it through bankruptcy court. The company repaid $6.7 billion, and the balance was converted to a 61% government stake in the automaker.
The government hopes to get the rest of the money back when GM sells its shares.
Obama on Thursday said the government will recover all taxpayer money his administration used to bail out the auto industry.
The White House said the president referred only to the $60 billion his administration spent rescuing the auto industry, not the $25 billion spent under the Bush administration. The most recent government estimate found that taxpayers will lose $24.3 billion on the auto bailout.
The Obama and Bush administrations poured $85 billion into General Motors, Chrysler, auto lenders and suppliers to avoid an industrywide meltdown in 2008 and 2009.
obie wan peddles a lot of bullshit that just ain't so.
Notice that the Bush bailout loses $24.3 billion out of $25 billion
While Obama's $60 billion will be paid back?
Hows that Hopey Changey work'n for ya?
The former mayor is in jail on corruption charges. The school board president resigned over allegations that he masturbated in his office during a meeting with an official. In any case he cannot read or write. The police chief unexpectedly resigned.
Yes, this is what happens when you elect Democrats who promise to tax the rich.
Sad to see the decline of a once great city
Detroit, at one time symbolized American greatness. With the decline in dominance of the American auto industry and the dispersion of auto manufacturing to less expensive areas, I doubt if Detroit will ever return to its former greatness
They have to downsize the city. Demolish what once was and concentrate on a manageable city center and try to attract new industries.
They need a powerful city planner to rescope their future...I wish them luck
Sad to see the decline of a once great city
Detroit, at one time symbolized American greatness. With the decline in dominance of the American auto industry and the dispersion of auto manufacturing to less expensive areas, I doubt if Detroit will ever return to its former greatness
They have to downsize the city. Demolish what once was and concentrate on a manageable city center and try to attract new industries.
They need a powerful city planner to rescope their future...I wish them luck
Personally, I think a lot of the changes are going to have to come from the bottom up. There are some people doing very good work in that city, buying up cheap lots, repairing the houses that are worth saving while demolishing those that aren't (in order to make room for farming). In the process, they're creating more sustainable communities than their counterparts in other, healthier cities. There's a lot of bad news, but it isn't all bad, and even the bad can be seen as an opening for attempting new ways of doing things.
Detroit = hope and change in microcosm. The liberal American dream.
obie wan peddles a lot of bullshit that just ain't so.
Notice that the Bush bailout loses $24.3 billion out of $25 billion
While Obama's $60 billion will be paid back?
Hows that Hopey Changey work'n for ya?
Actually Fannie/Freddie continue to lose money and continue to be bailed out. How's that working out for ya?
Detroit = hope and change in microcosm. The liberal American dream.
Yes...the Liberals ran those car companies into the ground
The liberals mismanaged an industry we once dominated
Sad to see the decline of a once great city
Detroit, at one time symbolized American greatness. With the decline in dominance of the American auto industry and the dispersion of auto manufacturing to less expensive areas, I doubt if Detroit will ever return to its former greatness
They have to downsize the city. Demolish what once was and concentrate on a manageable city center and try to attract new industries.
They need a powerful city planner to rescope their future...I wish them luck
Detroit = hope and change in microcosm. The liberal American dream.
Yes...the Liberals ran those car companies into the ground
The liberals mismanaged an industry we once dominated
Sad to see the decline of a once great city
Detroit, at one time symbolized American greatness. With the decline in dominance of the American auto industry and the dispersion of auto manufacturing to less expensive areas, I doubt if Detroit will ever return to its former greatness
They have to downsize the city. Demolish what once was and concentrate on a manageable city center and try to attract new industries.
They need a powerful city planner to rescope their future...I wish them luck
