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Originally Posted by The_Blur
It doesn't make the bailout okay. I'm not excited about it either, but it does get people off their high horse on the subject.
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Speaking facts is not getting up on a high horse. Since when is the truth a bad thing?
Quote:
Originally Posted by The_Blur
The bailout was fundamentally a low-interest loan and a purchase of stock. GM could use that money to restructure.
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But GM had so screwed up their corporation, no private lenders were willing to do it. Only the Government had the money (well they actually borrowed it from China) and the willingness to make the loans. Ford had enough deals made with private entities to survive without a bailout, even during the worst times for the Big 3.
Quote:
Originally Posted by The_Blur
Political science professors teach courses on where that money goes. It goes into the budget, and we see the money based on how our elected officials vote. If you want a say on where that money goes, you are welcome to contact your elected officials.
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My point was that the taxpayers won't see a dime of that money, even if the Government makes a profit. And that's 100% correct. If my money was invested in a struggling private company, and that company started making a profit, I would make some money. Why should this be any different?