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Gm still is Government Motors
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<blockquote data-quote="diesel96" data-source="post: 720691" data-attributes="member: 9859"><p><a href="http://www.bloomberg.com/apps/news?pid=20601103&sid=aDx83Q1yj6SQ" target="_blank">http://www.bloomberg.com/apps/news?pid=20601103&sid=aDx83Q1yj6SQ</a></p><p> </p><p>Its hardly doom and gloom and this is still a sign of an improving economy reguardless of those of you lusting for failure. Think about it... When GM borrowed this money, it wasn't because they wanted to look like the worlds most incompetent executives (which they did), it was because they really felt they needed it. We should be happy that months down the road, they don't need all of it and were getting some back! </p><p>I didn't support TARP and therefore I am fully in support of anything that gets that money back and helps get the Gov't out of the car business sooner than later!</p><p>Once again we are so hung up on GREED and MONEY that we forget the larger picture. Thanks for pointing out what our entire country forgets on a daily basis, it's citizens, workers, honest businesses trying to employ or keep employing. We continue to get bombarded with "socialism" comparisons when you even feel the slightest bit of compassion for one another.</p><p>It may be premature to rejoice in GM's money manipulation but isn't this a bit better than the lost jobs, lost revenue and trickle down effect it would have on the economy should they have gone belly up. I'm just asking?</p><p> </p><p>Oh and Scratch.....Ford's success might not have been possible without the aid given to GM and Chrysler for it's survival. A collapse by those rivals would have damaged suppliers, putting Ford’s survival at risk. GM and Chrysler now employ over 100,000 Americans, and over 1 million more U.S. jobs are dependent on those companies as well as Ford.</p></blockquote><p></p>
[QUOTE="diesel96, post: 720691, member: 9859"] [URL]http://www.bloomberg.com/apps/news?pid=20601103&sid=aDx83Q1yj6SQ[/URL] Its hardly doom and gloom and this is still a sign of an improving economy reguardless of those of you lusting for failure. Think about it... When GM borrowed this money, it wasn't because they wanted to look like the worlds most incompetent executives (which they did), it was because they really felt they needed it. We should be happy that months down the road, they don't need all of it and were getting some back! I didn't support TARP and therefore I am fully in support of anything that gets that money back and helps get the Gov't out of the car business sooner than later! Once again we are so hung up on GREED and MONEY that we forget the larger picture. Thanks for pointing out what our entire country forgets on a daily basis, it's citizens, workers, honest businesses trying to employ or keep employing. We continue to get bombarded with "socialism" comparisons when you even feel the slightest bit of compassion for one another. It may be premature to rejoice in GM's money manipulation but isn't this a bit better than the lost jobs, lost revenue and trickle down effect it would have on the economy should they have gone belly up. I'm just asking? Oh and Scratch.....Ford's success might not have been possible without the aid given to GM and Chrysler for it's survival. A collapse by those rivals would have damaged suppliers, putting Ford’s survival at risk. GM and Chrysler now employ over 100,000 Americans, and over 1 million more U.S. jobs are dependent on those companies as well as Ford. [/QUOTE]
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