Just a thought here...

[Teresa Heilevang]

Just a thought here...
Remember all that money we gave to GM, the billions of taxpayer dollars that we gave because they were just to big to fail.  Well, other than filing for bankruptcy, the gov't and UAW unions now own 89% of General Motors.  That's right boys and girls.... our government is now officially in the automobile business.  This same gov't who seems to think that we can spend our way out of debt is actually going to try running a business.  A business they purchased with OUR money.  Gee, do you think that we will ever see a dime of that in shareholder profits??  Well, I don't know about you, but I am not going to hold my breath waiting on that check.

[tombogan03884]

 They already tried running a business, the IRS could not make back the money owed them by the owner of the Mustang Ranch.
That's right, our fearsome leaders could not show a profit selling sex and booze.

[ericire12]

No, we will never get a dime back. Obama has now switched govt shares from preferred stock to common stock. Which means that we are officially not eligible to receive money anymore. It also means that the Govt officially has voting rights (control) within the company.

This was NEVER about saving jobs or saving the economy or keeping the companies from going under. If that were the case, they would have let them go into bankruptcy before taking ownership. This was about what it is ALWAYS about...... control and dependency. They knew bankruptcy was the best solution.... that is why they are pushing it forward now. BUT they wanted to swoop in and take ownership of the company when they had a chance, and a reason.

The nanny state wants to be able to dictate to us what cars we can and cannot drive. There is a political agenda here, people!

Rush reported that in the company's viability report, there are 12 (if I remember right) brands within GM that are profitable.... half of them are trucks and SUVs...... All of those are slated to have their production ended. Now, if this were about making GM profitable again and giving back govt ownership of the company, why would you stop production of profitable products? Political agenda. Plain and simple.  

[runstowin]

This is just the beginning, I  can't wait for the day when we have universal free grocery stores, and free housing.

[blackwolfe]

For my government hand out can I get a free trip to the Mustang Ranch?

[Sponsor]

[tombogan03884]

For my government hand out can I get a free trip to the Mustang Ranch?

They don't own it any more. They auctioned it at a loss.
It's making money now 

[True_Texan]

I don't know what I am going to do now for new trucks. I am a loyal Chevy guy but I'll be damned if I am going to buy anything from GOVERNMENT Motors now. I don't care for Ford and Dodge will be in the crapper next. Guess I'll just drive it into the ground and fix it back up again.

[mudman]

Now the post office is building cars. The UAW broke GM now they want to break the tax payers. Bank of America is so tickled about the bail out by tax payers they are screwing customers with more fees.Let me see I send my tax's to the fed's ,they bail out BofA,Bof A  goes up on fees to make more money from me ,no wonder these people have to get our guns no jury in AMERICA would convict any one for ki$$ing these a$$holes.

[fightingquaker13]

We can hope for the best. We did make money on FDRs takeover of the banks in '32 (although they were pretty sound and just victims of a panic). Likewise, when Bush the elder took over the S@Ls in the late '80's we got most of our money back by selling properties and then selling the stock. I'm not exactly holding my breath here and as a Libertarian it bothers me a great deal ideologically. However, intellectual honesty means we do have to examine the historial record. Tom's example discourages me though, because only the government can manage to lose money selling sex and beer outside of 'Vegas.
FQ13 who wants to alert any federal snoopers on this webpage that he would prefer his taxpayer funded corvette to be bright yellow, although I will settle for black

[tombogan03884]

"FQ13 who wants to alert any federal snoopers on this webpage that he would prefer his taxpayer funded corvette to be bright yellow, although I will settle for black"

Fine, as long as you don't mind it costing a little more and being disguised as a Geo Metro.