Quote:
Originally Posted by WongBob
Is anyone picking up what I'm putting down? WE gave them the money to bail them out... now WE are going to pay their debt to US off.
Does anyone else see what I'm seeing?!?!
Dont get me wrong... I own nothing but GM products because, well, they are simply the best, but they are double dipping hard on this.
I would also like to personally thank the engineers at Toyota for assisting GM in paying back this loan by making more than a few defective cars.
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There is no double dipping involved. The government bought stocks in GM out of taxes that had already been collected. The govt did not charge us any extra taxes towards GM or Chrysler, they basically took the existing collected taxes and let GM have the money.
Where as when you pay for Football stadiums and other such things, the govt collects extra taxes from you to pay for those things.
Simply put... you did not lose a single extra cent to bail GM/Chrysler out and no one is forcing anyone to buy stock in GM. If that was the case, you would have had a choice in the matter, such as when you are asked to vote for new stadiums and such things. If GM/Chrysler did not need bail out money, then you would have still paid the same amount of taxes.
So no double dipping involved.