Quote:
Originally Posted by JerzLT1
Al, you dont have the facts just like no one else does. some people listen to the media, you choose to listen to someone else. none of us have first hand knowledge of what is going on. Dont act like someone is stupid because they choose to listen to a different source than you. Its the same as people commenting on whats happening over seas. you know what you are told, that doesnt mean it is the truth
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The war is different then this.
GM was given X amount of money to keep things going
The restructured under Chap 11. and with VEBA negotiations that was worked out in late 2007, GM has now become profitable.
The money that GM took from the government that they needed to keep afloat in 2008/2009, sitting in GM's bank, was given back because they can now run on their own.
They no longer need the cash fronted to them by the Treasury.
The next step would be to totally remove themselves from the government once GM issues and IPO.
GM payed back the loan. Did they spend ALL the money that was given to them by the Treasury?
If you take a loan out for 1000 bucks, use it to help spur business. Business picks up and you didnt have to touch the loan or touched very little of it, what do you do?
You pay it back. GM did pay it back. Fox wants to spin it that GM is NOT functional, that the Obama administration made a mistake and that they should kill GM.