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Gm still is Government Motors
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<blockquote data-quote="diesel96" data-source="post: 720703" data-attributes="member: 9859"><p>I know you've been had when you start throwing around the "you can't comprehend" spliel. Coming from a guy who doesn't understand the definition of "socialism" as displayed on your Avatar, your assertion doesn't mean squat. If you had read my post, I wasn't neccessarily disagreeing with the basis of your link, rather touching on the attitude of a lust for failure, a lack of compassion, resisting the existance of greed, and utter denial of GM Shares rebounding so taxpayers can recoup some or most of their losses....We will see where GM stands in 2015, why you continually prey for there demise and the awful domino effect to American families is, your right, "beyond my comprehension".</p><p> </p><p>From CNN Money;</p><p> </p><p>"Taxpayers could recoup money from a possible sale of GM stock to the public in the future.</p><p>A White House report issued shortly after GM's announcement was upbeat on the progress that both General Motors and Chrysler have made since coming out of bankruptcy but noted that the government would likely not make a profit on the funds it had invested.</p><p>"Overall, the investments made by the prior and current administration in GM, Chrysler, and GMAC will likely result in some loss, but the U.S. Treasury anticipates it to be much lower than forecast last year," the report said.</p><p>Mark Reuss, president of GM's North American operations, said in an interview with CNNMoney.com that he was "positive" that GM's stock would ultimately be profitable for taxpayers. <a href="http://money.cnn.com/2010/04/21/autos/gm_loan_repayment/#TOP" target="_blank"><img src="http://i.cdn.turner.com/money/images/bug.gif" alt="" class="fr-fic fr-dii fr-draggable " style="" /></a>"</p></blockquote><p></p>
[QUOTE="diesel96, post: 720703, member: 9859"] I know you've been had when you start throwing around the "you can't comprehend" spliel. Coming from a guy who doesn't understand the definition of "socialism" as displayed on your Avatar, your assertion doesn't mean squat. If you had read my post, I wasn't neccessarily disagreeing with the basis of your link, rather touching on the attitude of a lust for failure, a lack of compassion, resisting the existance of greed, and utter denial of GM Shares rebounding so taxpayers can recoup some or most of their losses....We will see where GM stands in 2015, why you continually prey for there demise and the awful domino effect to American families is, your right, "beyond my comprehension". From CNN Money; "Taxpayers could recoup money from a possible sale of GM stock to the public in the future. A White House report issued shortly after GM's announcement was upbeat on the progress that both General Motors and Chrysler have made since coming out of bankruptcy but noted that the government would likely not make a profit on the funds it had invested. "Overall, the investments made by the prior and current administration in GM, Chrysler, and GMAC will likely result in some loss, but the U.S. Treasury anticipates it to be much lower than forecast last year," the report said. Mark Reuss, president of GM's North American operations, said in an interview with CNNMoney.com that he was "positive" that GM's stock would ultimately be profitable for taxpayers. [URL="http://money.cnn.com/2010/04/21/autos/gm_loan_repayment/#TOP"][IMG]http://i.cdn.turner.com/money/images/bug.gif[/IMG][/URL]" [/QUOTE]
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