I thought GM had paid us back Libs, another Obama lie?

Discussion in 'Politics' started by JRK, May 12, 2011.

  1. JRK
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    JRK Senior Member

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  2. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Nope.

    100% unmitigated success.

    The United States was on the verge of losing it's auto manufacturing base.
     
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  3. Claudette
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    Claudette Gold Member

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    From what I read GM took other TARP money to pay back the loan.

    Does that mean they payed back whats owed to the taxpayers??

    Don't think so.
     
  4. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    Could also become more valuable.
     
  5. iamwhatiseem
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    iamwhatiseem Gold Member

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    GM took out a TARP loan to help pay the first one, at which time they started an advertising campaign stating "we have paid back the taxpayers 100%"...the campaign didn't last long because people aren't as stupid as they thought.
     
  6. Robert
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    Robert Really nice Guy

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    So Ford and all the rest Survived how without the handout's?
     
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  7. 8537
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    8537 Senior Member

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    GM paid back the loan. The government still has equity in the company.

    ^Neither of those is a lie.
     
  8. Robert
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    Robert Really nice Guy

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  9. CandySlice
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    CandySlice This is a Dark ride

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    Fords balance sheet was certainly healthier. GM was mismanaged to the point of hysteria. Remember the day they all flew in on their G5's looking for a handout? And the guy said 'It's unseemly to get off a private jet with a tin cup in your hand'.
    One of the lighter moments in the whole bank swindle deal.
     
  10. 8537
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    8537 Senior Member

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    wait- you're telling me they repaid the loan out of the lowest-interest bearing account they have access to? Saved less restricted funds for other activities?

    shocking, I tell ya! Shocking!

    What the fuck do you think the point of that claim is?
     

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