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Thread: GM Pays off its Bailout Loans

  1. #71
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    Re: GM Pays off its Bailout Loans

    Hell, even if we do lose the ENTIRE $48+ billion, we're probably still ahead. Why you ask? The reduction in workforce from cascading failures from GM's liquidation would be devastating. Merely the unemployment benefits could easily run past the bailout package, much less the other economic impacts from severe reductions in business spending.
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  2. #72
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    Re: GM Pays off its Bailout Loans

    Quote Originally Posted by Redress View Post
    Us folks I think mostly complained that we did not like any of the bailouts, but that the alternative was worse.
    Explain what a bankruptcy for GM would have looked like. Pretty much what the company looks like today. Also if you are truthful, most Obama supporters were in favor of bailing out GM.

  3. #73
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    Re: GM Pays off its Bailout Loans

    Quote Originally Posted by washunut View Post
    Explain what a bankruptcy for GM would have looked like. Pretty much what the company looks like today. Also if you are truthful, most Obama supporters were in favor of bailing out GM.
    I do not know for sure, nor do you.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

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  4. #74
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    Re: GM Pays off its Bailout Loans

    Quote Originally Posted by Redress View Post
    I do not know for sure, nor do you.
    But I can have an educated guess. There is no reason to believe that the way the company functions today would be different than had it come out of bankruptcy.

    The problem is that most of the public does not understand any of this. They blindly believe the soundbites from which ever side. No wonder it is so easy for polititcians to consistantly work against the best interests of their supporters.

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