GM pays off its bailout loans

Full story: CNN

General Motors has made a final payment of $5.8 billion to the U.S. and Canadian governments, paying off the last of its $6.7 billion in loans, the company said Wednesday.
Comments
1 - 3 of 3 Comments Last updated Apr 21, 2010
long duck dong

Springfield, IL

#1 Apr 21, 2010
good , cuz i`m behind on mu credit cards
Jones

Astoria, NY

#2 Apr 21, 2010
Itís nice and dandy that GM that is owned and ruled by the communist dictator Obama and the liberal socialist Elites union members of UAW took money from one pocket and paid it to the other government pocket. Evidently GM will get the money back because GM is subsidized by the government with the American people taxpayers with many billions of dollars since the expenses of GM on the unionsí socialistic Elites hefty salaries, healthcare and pension benefits exceed GMís revenues on selling cars and financing union members of GM in Germany, Brazil and China. So, while it is a good reason for a big celebration by every patriotic America that GM is paying back its debt, it is important to know that GM got more than 40 billion dollars from the Government and still it needs 10% subsidy from the private sector American taxpayers for every sold GM car.
Gustavo Meehavo

Greensboro, NC

#3 Apr 21, 2010
Jones wrote:
Itís nice and dandy that GM that is owned and ruled by the communist dictator Obama and the liberal socialist Elites union members of UAW took money from one pocket and paid it to the other government pocket. Evidently GM will get the money back because GM is subsidized by the government with the American people taxpayers with many billions of dollars since the expenses of GM on the unionsí socialistic Elites hefty salaries, healthcare and pension benefits exceed GMís revenues on selling cars and financing union members of GM in Germany, Brazil and China. So, while it is a good reason for a big celebration by every patriotic America that GM is paying back its debt, it is important to know that GM got more than 40 billion dollars from the Government and still it needs 10% subsidy from the private sector American taxpayers for every sold GM car.
Interesting take, look forward to hearing more.

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