Only the fevered imagination of liberals can call it a success.
I find it funny how cons will complain about the 10 billion tax payer dollars we lost from the GM bailout, yet not ONCE have I heard them complain about the BILLIONS of dollars we're throwing away in military spending making tanks and planes that will never be used.
The GM bailout made us more money than we lost in the long run and saved the American Auto industry.. What exactly has our wasted military spending got to show for us?
If the feds want to loan me $1,000,000 I promise to pay them back $800,000.
So, while I agreed (reluctantly) with the bailout, Ford managed on their own and the times they are achangin'. So, the issue is fairness.GM isn't the only American maker outpacing the growth of the overall Chinese market. Rival Ford set its own record for the first half, with sales surging 47 percent there and demand up 44 percent in June.
"The Treasury Department has sold its final stake in General Motors, closing the book on its 2009 bailout of the auto industry. GM has been revived and is now profitable, but taxpayers are out more than $10 billion dollars.
Treasury Secretary Jack Lew announced the final stock sale late Monday afternoon, saying that Treasury ultimately recouped $39 billion through the sale of shares, dividends and loan repayments since 2009. But the government pumped $49.5 billion into GM to help it get through a bankruptcy reorganization."
So it 'only' cost the US 10 billion. Of course..with the added cash for clunkers programs and the fed buying GM rolling stock...that didnt hurt. Now...what will be the result 3 years from now? 5? And how is it even POSSIBLE Ford and Chrysler managed to survive...to say nothing of the foreign auto manufacturers in America.
It took less than 30 minutes for steven to change his approach once it was pointed out through his own links that we actually lost $10 Billion on that "success".... Amazing...Originally Posted by xxstevenxx
Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.
Alexis de Tocqueville