Zander
Platinum Member
It's all about semantics for GM supporters.
BOTTOM LINE: GM will end up costing the taxpayers $15- 20 billion or more. How anyone can call that a "resounding success" is beyond me.
I never said I was a supporter or I wasn't! I'm just repeating the facts... (You know, those things you can't really dispute)... Over, and over, and over, and people keep trying to dispute them!
If we sell today at $31.60 we lose about $8B. Whether or not that's worth the hit to manufacturing that was prevented is a matter of dispute, or even opinion (slippery slope et al).
But the point I'm trying to make is that GM doesn't 'Owe' that money. The slice of the GM pie that we owe is ours to do with what we please.
I have no quarrel with you Cuyo- I understand your point. At the end of the day, we the Taxpayers, are going to lose a bundle on both GM and Chrysler. I supported TARP and the bailouts when it was happening, I felt like we needed the government to backstop the financial system and also allow great American manufacturing companies like GM and Chrysler a chance to survive. I only got angry when GM started using deceptive ads touting their "payback" of loans "in full, 5 years ahead of schedule" when they were simply using money from other government loans. It was sleazy as hell.