Taxpayers Will Lose $11 Billion on GM Bailout

Discussion in 'Politics' started by Dont Taz Me Bro, Apr 20, 2011.

  1. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    Hey, we told you so, but giving political kickbacks was far more important than fiscal responsibility.

     
  2. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Gee.... go figure. At least a bunch of union guys didn't lose their jobs. That's all that matters.
     
  3. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Considering they never addressed the $26,500,000,000 in unfunded pension liabilities, we'll get to see this movie again.. and soon. Next time... let GM fold. The world will go on.. I promise.
     
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  4. Avorysuds
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    Avorysuds Gold Member

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    So, being 1 side predicted this, are they now the smartest people on the planet or still a bunch of old white racists?
     
  5. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Same for the Wall Streeters.... we need to stop rewarding bad/risky behavior.
     
  6. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    That was the ENTIRE point of the auto bailout in the first place.

    We should have let chevy and chrysler fail and let ford pick up the pieces....hell maybe give a grant to Tesla motors instead of bailing out compaines that can't operate profitably.
     
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  7. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    But wait! Without the bailout we wouldn't have the Epic Chevy Volt!
     
  8. Dr.House
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    Dr.House Lives on in syndication!

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    11 Billion is a big loss...

    Not the change we were hoping for....
     
  9. Claudette
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    Claudette Gold Member

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    WOW Color me surprised.

    The administration will take the loss just to get GM off the radar?? Ah whats 11 billion of the taxpayers dollars. Apparantly Chump change in the eyes of the administration.

    Gotta love that Volt. Was well worth our 11 Billion doncha think??
     
  10. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    [ame=http://www.youtube.com/watch?v=CZ4gitSm1Xg]YouTube - 2008 Tesla Roadster: This Electric Sports Car Is the Real Thing[/ame]

    or

    [ame=http://www.youtube.com/watch?v=dVk_j7dqcCY]YouTube - Overview: 2011 Chevrolet Volt[/ame]


    oh i smell a thread: Private sector electric car vs govt backed electric car ;)
     

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