Ahh, yes, WE LOANED them $15+ BILLION. Now we will BUY them for ANOTHER $6 Billion AND Forgive the $15 BILLION debt. Sounds like we are paying over $21 BILLION for a company with a market cap. of under $2 BILLION. $o we pay more than 10 times what it is worth, and we get all of it? No we don't get all of it. Just 51%, the union get 40% for,,,,,,,,,,,,,,for voting Democrap.
How can politicians, Professional Bullsh!tters, with no business acumen, think they can run ANY company? Especially after making this Sweetheart deal?
Pay 10X what its worth for half interest in a dog company. Could it be worse? Besides the $15B loan we are throwing away, oops, "forgiving," PLUS the additional $6B, there is another little matter needing 'resolution.' GM has ANOTHER $80,000,000,000.00 in debt carried forward. Guess which "group" will get to pay that?
A. Taxpayers.
B. taxPayers
C. taxpayers
D. All of the above.
If they were doing it to save the auto industry, it would just be collective Government insanity. But since it is ONLY being done to get UNION votes, it becomes CORRUPTION.
And I made no comment whatsoever about Cobra[vacuum]bill's posts.