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Time for them to pay the government back they money they lended them
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Once again his words were spun to say something he didn't actually say. He stated that GM should have gone through the normal BK process rather than having the Treasury and the UAW get stock in the company while investors got the shaft on their bonds. Under normal BK, Bond holders get priority while equity holders are typically much further down on the repayment chain if there is anything left.Originally Posted by Toy Collector123
And... this just put an end to Mitt Romney's presidential race. How you tell Detroit you wanted them to fail!
And... this just put an end to Mitt Romney's presidential race.
If Romney loses the primary in his "so called" home state of Michigan coming up it could be grand opening.......grand closing as far as his 2012 presidentail bid is concerned........and I love it.
Edit--
Once again his words were spun to say something he didn't actually say. He stated that GM should have gone through the normal BK process rather than having the Treasury and the UAW get stock in the company while investors got the shaft on their bonds. Under normal BK, Bond holders get priority while equity holders are typically much further down on the repayment chain if there is anything left.
*Mitt Romney*........."I like being able to fire people"
Originally Posted by Deuce King
This is great news for GM and great news for President Obama as well.
And... this just put an end to Mitt Romney's presidential race.
From April 2010:Originally Posted by MiamiBoy
Time for them to pay the government back they money they lended them
Originally Posted by lfuqua3
Originally Posted by staab89
I am a GM worker too. Local 163.Originally Posted by lfuqua3
Yeah it's contractual. we got $1000 for every billion that they made.
1714 we build the Cruze
Originally Posted by finnns2003
Who's buying these cars? Around my way there's nothing but imports.
people love chevys b....Originally Posted by quik1987
Who's buying these cars? Around my way there's nothing but imports.
Originally Posted by seasoned vet
Originally Posted by finnns2003
Who's buying these cars? Around my way there's nothing but imports.
ell since you asked.... *ahem*
[h1]Obama Plans $10,000 Subsidy for Chevy Volt[/h1]
February 13, 2012 8:58 PM EST
2012 Chevrolet Volt (Photo: GM)
Electric car buyers might enjoy an extra $10,000 off from getting a Chevy Volt or its likes, if the Congress approves the new bill to increase government subsidies for new-technology vehicles.
According to a budget documented titled âInvesting in Our Futureâ
when da government is forking over a cool 7500 for every purchase..yea, especially when its politically driven.Originally Posted by Essential1
buying an eco-friendly car is classified as self righteous now?
self-righteous: confident of one's own righteousness, especially when smugly moralistic and intolerant of the opinions and behavior of others.Originally Posted by ninjahood
when da government is forking over a cool 7500 for every purchase..yea, especially when its politically driven.Originally Posted by Essential1
buying an eco-friendly car is classified as self righteous now?
why else would people who from what da article said make over 140k buy these? definitely for some smug factor, cuz it definitely aint exactly Eco-friendlyOriginally Posted by Essential1
self-righteous: confident of one's own righteousness, especially when smugly moralistic and intolerant of the opinions and behavior of others.Originally Posted by ninjahood
when da government is forking over a cool 7500 for every purchase..yea, especially when its politically driven.Originally Posted by Essential1
buying an eco-friendly car is classified as self righteous now?
Originally Posted by ninjahood
why else would people who from what da article said make over 140k buy these? definitely for some smug factor, cuz it definitely aint exactly Eco-friendlyOriginally Posted by Essential1
self-righteous: confident of one's own righteousness, especially when smugly moralistic and intolerant of the opinions and behavior of others.Originally Posted by ninjahood
when da government is forking over a cool 7500 for every purchase..yea, especially when its politically driven.
when you get to da specifics
Originally Posted by RealRubirosa
From April 2010:Originally Posted by MiamiBoy
Time for them to pay the government back they money they lended them
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Originally Posted by Essential1
Originally Posted by ninjahood
why else would people who from what da article said make over 140k buy these? definitely for some smug factor, cuz it definitely aint exactly Eco-friendlyOriginally Posted by Essential1
self-righteous: confident of one's own righteousness, especially when smugly moralistic and intolerant of the opinions and behavior of others.
when you get to da specifics
Huh? They have already returned their loans to the government.Originally Posted by mjd77
Technically, there is no profit and that 7.6 billion should have been returned to the US Treasury since they still owe the American people billions.