GM has done this in the past. Economic turmoil is dangerous to big industries sometimes, and this is one of those times for GM. They will pull through and buy their company back. Don't back out on good products because the company isn't owned by your favorite family. America voted for a government based on the belief that this set of elected officials will run the country better than the last group. Saying that you don't believe that goes against the democratic principles that made our country great. The government is only taking stake to get its loan money back over time. It means that the government believes that GM is viable. How is that a bad thing?
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Originally Posted by radz282003
If the name calling doesn't stop and the political statements kept ay bay, this thread will be shut down. It's already on the edge as it is...  |
Despite bordering on politics, I still think that my current post makes an important point. The government isn't trying to socialize all US industry as people are fearing. The government wants its loan money back eventually and for GM to survive. If your buddy borrowed a lot of money from you, you'd want it back, too. GM is a friend of the US government, and that is not bad. All of those fleet sales allow GM to invest in performance cars and trucks, and that makes us happy.