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Old Sep 16, 2010, 03:34 PM
Marvinwc is offline
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Didn't GM say they had paid back the bailout money


http://news.yahoo.com/s/nm/20100916/bs_nm/us_gm
Old Sep 16, 2010, 04:11 PM
FireryPhoenix is offline
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Originally Posted by Marvinwc View Post
Marv,

I no longer believe ANYTHING I see on CBS/NBC/ABC/MSNBC/HLN/FOX/CNN/BET.

I believe what I see on Cartoon Network/History Channel/National Geographic/LMN/and the Travel Channel!

Oh and ESPN1/2/ESPN Espaniol

Jonathan
Old Sep 16, 2010, 04:44 PM
BE77 Pilot is offline
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SUPER DOG!
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The GM BOND holders that were SCREWED by Mr. Obama will NEVER be paid back.
Old Sep 16, 2010, 05:14 PM
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Originally Posted by BE77 Pilot View Post
The GM BOND holders that were SCREWED by Mr. Obama will NEVER be paid back.
Wait, weren't the people holding the bonds the American Public via the Government gurantee?

Jonathan
Old Sep 16, 2010, 05:22 PM
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Originally Posted by FireryPhoenix View Post
Wait, weren't the people holding the bonds the American Public via the Government gurantee?

Jonathan
The bond holders got five cents on the dollar while the government and the UAW made out!

http://prairiepundit.blogspot.com/20...d-holders.html
Old Sep 16, 2010, 05:25 PM
D B Cooper is offline
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Originally Posted by BE77 Pilot View Post
The bond holders got five cents on the dollar while the government and the UAW made out!

http://prairiepundit.blogspot.com/20...d-holders.html
Hmmm... I bet that has nothing whatsoever to do with those evil greedy rich bastards just sitting on their money and not creating more jobs with it !
Old Sep 16, 2010, 11:47 PM
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I've always liked this one.

Spoof GM Commercial Claims They Repaid Loan (1 min 4 sec)
Old Sep 17, 2010, 03:19 PM
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My understanding is that we will eventually get all the big bucks bailout money back, with interest at a good rate. It is going to turn out so well that it will generate new and productive government thinking far into the future.
Old Sep 17, 2010, 03:23 PM
RumRunner_1492 is online now
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Originally Posted by Jim Thomerson View Post
My understanding is that we will eventually get all the big bucks bailout money back, with interest at a good rate. It is going to turn out so well that it will generate new and productive government thinking far into the future.
That is some pie in the sky wishful thinking. There is no chance of us getting back all of our money. It's not even in the realm of possibility.
Old Nov 16, 2011, 01:32 PM
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Todays Update


"The Treasury Department dramatically boosted its estimate of losses from its $85 billion auto industry bailout by more than $9 billion in the face of General Motors Co.'s steep stock decline.

In its monthly report to Congress, the Treasury Department now says it expects to lose $23.6 billion, up from its previous estimate of $14.33 billion. "



http://www.detnews.com/article/20111114/AUTO01/111140434/1361/U.S.-boosts-estimate-of-auto-bailout-losses-to-$23.6B
Old Nov 16, 2011, 02:50 PM
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Gone bowling.
Last edited by RCWorks; Nov 20, 2011 at 06:12 PM.
Old Nov 16, 2011, 03:15 PM
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If it were not for the UAW GM would most likely be ok.
Not most likely -absolutely would. I don't know the exact numbers but pre-chapter 11 something like 40% of GM's operating costs were legacy union costs.

Not saying they didn't deserve it... whatever idiot on GM side agreed to some of those terms should have their MBA/MBB/MP3/Whatever revoked.
Old Nov 16, 2011, 03:34 PM
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$23.6 billion - how much is that per union employee saved or created?
Old Nov 16, 2011, 03:38 PM
BE77 Pilot is offline
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What Mr. Obama did for the UAW and GM and did TO the GM bond holders and American tax payers is representative of his entire presidency. Classic Chicago Way thug tactics. Makes me sick.


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