GM Bailout - What do you think?

That GM bailout was a joke, WRONG WRONG WRONG thing to do. Very wrong.

the judge DID NOT honor the bond holders, they left with nothing. The judge instead chose to honor the employees retirement and everything else, when their packages is part of what took GM down to begin with. Now look, down in Mexico with our jobs.

The correct way would be to let the company fold. It would have resurrected when investors bought up the plants, the stamping dies and everything else.

Our tax dollars took a flush. I do hope the voters will remember some of these tid bits come election day. the ones who get their news from the left will be utterly clueless.

The bailout still helps circulate money in the United States because GM doesn't only operate in Mexico. If GM was not bailed out, thousands of jobs would have been lost and it would have resulted in a huge economic contraction. Now, GM is seeing profits and are on track to repay the loan before the original deadline. I do agree that these cars should be produced in the United States. But when someone buys a foreign car, the money goes overseas and it does not help our economy. The government saved a U.S. company, saved jobs, prevented an economic contraction, and the money is on track to be repaid before the deadline. Ultimately, good decision.

Let me first say this, when GM (government motors) starts making a profit then they can do what they want. BUT they have yet to do that, they still owe us about 50Billion.

Lets look at how obama dd this to pay back the unions. He told the bond holder and share holder SCREW YOU and they lost all they invested. Then obama gave about 90% of it. Nice payback huh

Now they are going to make the engines in mexico, I wonder are there any unions THERE?? i BET NOT.

Just like the progressives and the light bulb, they say it is no good we have to use the squiggly one, well it would have been nice if they were made HERE, but no they are made in China.

obama is a complete Failure

You are wrong from the start.

The US government LOANED GM money, of which almost all has been repaid plus interest. The US government still holds about 30% of GM stock that will be bought back by GM by late this fall. Your reported 11 billion in loses on that stock is simply pulling numbers out of your rear.

And also you fail to mention the GM announcement of spending over $3 billion on the re-opening of 3 GM plants in the US which will add about 5,000 jobs.

Politicians make bad business men.