Should GM repay $10B rescue cost? CEO...

Should GM repay $10B rescue cost? CEO says no

Posted in the Robbinsdale Forum

Since: Sep 11

Rogers, MN

#1 Dec 17, 2013
Well, this comes as no surprise. Even the wealthy CEO of GM has an entitlement mentality when it comes to taxpayers money. Thanks again G.W. Obama for carrying on the crappy policies of your predecessor.

http://www.usatoday.com/story/money/cars/2013...
Laura

Minneapolis, MN

#2 Dec 17, 2013
Well with the exceptional profits from the Volt the payback should take no time at all.
Laura

Minneapolis, MN

#4 Dec 18, 2013
Oh ya the Volt is the new electric vehicle by GM made from pop bottles and other junk.

Nobody but fools are buying the Volt. You would think least all the Libertards would buy the car.
goose

La Grange, IL

#5 Dec 19, 2013
I knew it! GW's fault the GM CEO doesn't want to pay back 10 BILLION dollars! Yeah right!

“I am always right.”

Since: Oct 09

Former MN Taxpayer

#6 Dec 19, 2013
cantmakeitup wrote:
Well, this comes as no surprise. Even the wealthy CEO of GM has an entitlement mentality when it comes to taxpayers money. Thanks again G.W. Obama for carrying on the crappy policies of your predecessor.
http://www.usatoday.com/story/money/cars/2013...
This may come as a surprise to many one here, but I find no fault with GM for not repaying the $10B. GM fulfilled their contractual obligations in this deal. They have no obligation above and beyond repaying what they did.

I do find enormous fault with G.W. Bush and G.W. Obama for sticking the government's nose in where it does not belong. The government has no business choosing winners and losers in the private sector economy.

GM should have gone bankrupt without government intrusion, and then restructured or sold off the components they could.

That is how Capitalism works. Some succeed. Some fail. But they do it base on the consumers deciding they will or will not purchase their products. NOT some government lackey.

If you want to be another Greece for your USA economic legacy, keep electing these Rinos a Libs.
Laura

Minneapolis, MN

#7 Dec 19, 2013
IrishMN wrote:
<quoted text>
This may come as a surprise to many one here, but I find no fault with GM for not repaying the $10B. GM fulfilled their contractual obligations in this deal. They have no obligation above and beyond repaying what they did.
I do find enormous fault with G.W. Bush and G.W. Obama for sticking the government's nose in where it does not belong. The government has no business choosing winners and losers in the private sector economy.
GM should have gone bankrupt without government intrusion, and then restructured or sold off the components they could.
That is how Capitalism works. Some succeed. Some fail. But they do it base on the consumers deciding they will or will not purchase their products. NOT some government lackey.
If you want to be another Greece for your USA economic legacy, keep electing these Rinos a Libs.
I'd agree but for the EXCESS profits from the Volt. The Volt has been selling like hotcakes and because of the useage of recyclable materials it cost next to nothing to make. And consumers are clammering to buy the Volt. All this leading to GM realizing a $2,000,000,000,000 annual profit I'd call excess.

With the economy doing much better but it could still use a boost from GM.

I'd say "MEAL".
Another Zigi and Mark

Saint Paul, MN

#8 Dec 19, 2013
Get the hard working taxpayer to pay for a private business. When are they going to get it and stop bailing out these companies. If they can't make it, let them close and go bankrupt or if they can't afford the business don't buy it and force the taxpayers to pay for it.

“I am always right.”

Since: Oct 09

Former MN Taxpayer

#9 Dec 19, 2013
Another Zigi and Mark wrote:
Get the hard working taxpayer to pay for a private business. When are they going to get it and stop bailing out these companies. If they can't make it, let them close and go bankrupt or if they can't afford the business don't buy it and force the taxpayers to pay for it.
You are right on target with letting the marketplace decide - rather than government bureaucrats - as to whether a business goes belly up.
Laura

Minneapolis, MN

#10 Dec 20, 2013
IrishMN wrote:
<quoted text>
You are right on target with letting the marketplace decide - rather than government bureaucrats - as to whether a business goes belly up.
We clearly don't want the Vikings, Wolves, Twins, Mayo Clinic, MOA, LRT, the Bus, NorthStar, StreetCars, Teachers, Welfare recipients, City Government, County Government, State Government, Metro Government, Solar projects, Wind projects, GM and the Volt, TIF financed projects, bike paths, dog parks, Statewide Broadband, Government picked WINNERS etc to have to pay for themselves by working or competing.

In the new Socialist USA there is no need for competition, all ya need to do is convince the Government you need assistance and WALLA you get a free ride.

Socialism 101, for begginers.

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