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Crazy Barry`s Car Clear-Out!

Get your own bailout from GM! Government Motors that is! Get them before new managment takes over on Nov 7th!

submitted by: 5Cats
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Crazy Barry`s Car Clear-Out!. Get your own bailout from GM! Government Motors that is! Get them before new managment takes over on Nov 7th!
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Hits: 5773 | Favorites: 0 | Emailed: 0 | Rating: 2.2 | Category: News & Politics | Date: 11/04/2012
 
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Sloppy1
Male, 18-29, Canada
 269 Posts
Monday, November 5, 2012 5:38:24 PM
Why is GM still around? biggest piles of sh*t. Buy import, save yourself in the long run.

soundchic41
Female, 18-29, Eastern US
 77 Posts
Monday, November 5, 2012 4:40:49 PM
looks like a commercial in TN lol

EgalM
Male, 30-39, Canada
 1710 Posts
Monday, November 5, 2012 8:00:54 AM
Bailouts are a terrible idea. Specially when a company has been around as long as GM and has made enough profit to keep the business a float through years of not selling anything. Of course that would mean not dividing the profit every quarter so the company doesn't go bankrupt from a bad year. If they can`t manage their own business that`s their problem, shouldn`t be the tax payers problem. Just my two cents on it.

CrakrJak
Male, 40-49, Midwest US
 16910 Posts
Sunday, November 4, 2012 11:09:37 PM
5Cats: GM has been wanting to buy back that government owned stock for over year. Obama won't allow the sale. Why? Because with that much stock the government has a seat at GM`s board, has a say in what cars are made, how they negotiate with unions and how they run their business.

5Cats
Male, 50-59, Canada
 24468 Posts
Sunday, November 4, 2012 10:34:55 PM
It wasn't "a loan" he just handed over piles of cash! Oh, in exchange for "stocks" which were bought at MASSIVELY inflated prices...
And the White House illegally circumvented the LAW to allow GM to `shaft` it`s stock and credit holders, while giving the Unions ALL they were due...
GM used that FREE MONEY to "repay" TARP.
Yes, that`s correct: GM used government grants to repay it`s goverment TARP loan...

Edumicate yourself, plz!

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