So when are we going to bailout American Airlines?

Discussion in 'Politics' started by Leweman, Feb 7, 2012.

  1. Leweman
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    Leweman Gold Member

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    anybody? anybody? Some people won't like this article.

    American Airlines Shows The Corruption Of Obama's GM Bailout - Forbes

    "But Obama did not “save” Detroit. A bankruptcy that followed the rule of law would have “saved” Detroit better than Obama’s, which left GM under the federal government’s diktat, unable to borrow, and with high labor costs. Obama’s favoritism towards the UAW “elevated costs in a way that damage prospects for a successful reorganization.” Obama’s corrupt bailout will lead to higher prices for the middle class, crippled job growth in the auto industry, and more manufacturing jobs exported abroad."
     
  2. Leweman
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    Leweman Gold Member

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    i thought more people would read this article.
     
  3. HUGGY
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    HUGGY I Post Because I Care Supporting Member

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    Why should we?...Bain is going to do a bang up job of "saving" it starting with firing 13,000 employees.
     
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  4. Decepticon
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    Decepticon BANNED

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    Did GM pay back it's bailout loan?
    Yes.

    Have the banks?
    BWAH HA HA HA HA HA HA HA HA!!!

    Nuff said.
     
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  5. Leweman
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    Leweman Gold Member

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    Nope GM hasn't ... Banks didn't take any to begin with, none of that would change the facts of the article.
     
  6. HUGGY
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    HUGGY I Post Because I Care Supporting Member

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    Liar.
     
  7. LordBrownTrout
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    LordBrownTrout Gold Member

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    In short, GM is using government money to pay back government money to get more government money. And at a 2 percent lower interest rate at that. This is a nifty scheme to refinance GM's government debt—not pay it back.
     
  8. daveman
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    daveman Diamond Member

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  9. Leweman
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    Leweman Gold Member

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    Liar
     
  10. gallantwarrior
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    gallantwarrior Gold Member

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    Where's a citation that provides details of the GM repayment of their bailout? Thank you.
     

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