Did they pay back the $30 billion in taxpayer funding before giving themselves 50% bonuses?
Government Motors needs to die, but it is likely unkillable now.
American taxpayers were doing such a good job of avoiding GM’s inferior products that the company went bankrupt. However, Obama decided that we were going to buy GM anyway. Now that the .gov has spent $30 billion on that crap organization, GM will never be allowed to fail. We’ll be stuck with it forever. Socialized car making. Welcome to the new America, Comrade. I hope you like it, because you’re paying for it, whether you like it or not, Comrade.
At least the accelerators are possessed by Kamikaze. Or at least the government isn’t trying to convince people that the accelerators are possessed by Kamikaze.
February 11th, 2011 at 12:52 pm
If it is in the contract, then shame on us for not renegotiating.
Then again, that would have solved the entire mess, and not on the dime of the taxpayer.
February 11th, 2011 at 4:34 pm
“imported from detroit”
February 11th, 2011 at 6:09 pm
They work for GovtMotors just like the guys at Fannie Mae and Freddie Mac who made millions in bonus money.
February 12th, 2011 at 6:38 am
Did they pay back the $30 billion in taxpayer funding before giving themselves 50% bonuses?
Government Motors needs to die, but it is likely unkillable now.
American taxpayers were doing such a good job of avoiding GM’s inferior products that the company went bankrupt. However, Obama decided that we were going to buy GM anyway. Now that the .gov has spent $30 billion on that crap organization, GM will never be allowed to fail. We’ll be stuck with it forever. Socialized car making. Welcome to the new America, Comrade. I hope you like it, because you’re paying for it, whether you like it or not, Comrade.
February 12th, 2011 at 10:49 am
I just bought a Ford.
February 13th, 2011 at 2:10 am
At least the accelerators are possessed by Kamikaze. Or at least the government isn’t trying to convince people that the accelerators are possessed by Kamikaze.
February 13th, 2011 at 11:44 pm
Chas, actually GM sold a lot of cars and was selling a lot of cars up to the point of the bailout.
The problem was the GM was so incompetent that it sold a lot of cars and still lost money.
It should have died and the capital gone to better uses, instead the govt continues its inefficiency on our backs.
I’ll never buy a GM or Chrysler product again.