You do know GM paid the government back a while ago, right?
And when we sold their shares, we ended up losing 11 billion.
U.S. government says it lost $11.2 billion on GM bailout
Tax payers got screwed on that deal.
True, but it probably saved more jobs than on the financial bailout, and thus, more tax revenue has subsequently been generated.
What I'm getting at is, which bailout was the better idea?
I'm not sure I supported either, the government should probably have never approved all the mergers that created GM, folks just don't understand that the government hates cars in the first place. In Michigan, we have a saying. . . . You can take my car when you pry the wheel from my cold dead hands. So fuck those who have a problem with the car companies, if the government would get out of regulating the car companies in the first place, we wouldn't have these problems.
Actually, after we bailed GM out and lost 11 billion, they invested hundreds of millions of dollars overseas.
Outsourcer-In-Chief: Obama Of General Motors
I think you guys are still missing my point.
I'm not necessarily defending that bail out. My point is, compared to the financial bail out, it was peanuts. However, the number of jobs it saved, was incomparable.
The puppet masters got their bail out, and they control everything you read and how you perceive the world. However, it was the employees of GM, the blue collar workers that eventually put Trump in office. If there hadn't been a bailout, shit would have been seriously tilted toward the socialists. You did know that as it was, Sanders was the most popular candidate in the Midwest, right?
Most folks that work on cars KNOW what the true intent of the cash for clunkers crap was all about. The rest of the nation? They actually think that was a great deal. Suckers.
