Quote:
Originally Posted by DeathChill
This guy knows what he's talking about.
If GM didn't want the government to be involved in their business they shouldn't have taken money from them. The government is interested in making GM a profitable company because it's the bailout money on the line.
You can't have your cake and eat it too.  |
sorry guys ... but I hear people on these threads constantly talking about how the government is interested in "making a profit" and "getting its money back."
I've got news for you. The government is spending TRILLIONS and TRILLIONS and a few billion here or there for GM is literally peanuts. The government is no more interested in making a profit with GM than they are with the post office.
Remember ... these people print money when they run out.
They could have loaned money with some strings attached like they did with Chrysler 25 years ago. Instead they're working hard to take stock and ownership. Obama is giving the unions control of these companies.
I don't think GM will die ... but the days of building cars that consumers want is going to be over. The future will be cars that the government thinks we SHOULD buy.
To me that's a BIG difference.
I'll take delivery of my SS and then run for the hills ....