Trump, Mnuchin Call For GM To Pay Back Federal Bailout

Comment #2

konane — Thu, 29 Nov 2018 14:26:39 GMT

Thanks Mike. I wish they could freeze their assets as repayment of the debt. I was foursquarely against bailing them out because I smelled a rat at the time. I've always been a Ford person and after this fiasco wouldn't consider purchasing GM anything were I in the market.

Comment #1

mikeintexas — Thu, 29 Nov 2018 04:58:50 GMT

But...there's more to the story. Even FactCheck says they still owe billions: https://www.factcheck.org/2010/05/general-motors-debt/ If the govt. - meaning "we, the people" - own 61% of GM, then we're a majority stockholder and they have to dance to OUR tune. When I've discussed "If we won the lottery" with people, we often talk about the car(s) we might buy. I don't think I'd ever buy a GM product. At least BMW has plants here and wants to build two more... [ More ]

Original Blog Entry: Trump, Mnuchin Call For GM To Pay Back Federal Bailout

konane — Wed, 28 Nov 2018 14:36:50 GMT

We should have never bailed them out and let them sink or swim on their own merit.

Trump, Mnuchin Call For GM To Pay Back Federal Bailout

If GM doesn't want to keep their jobs in the United States, they should pay back the $11.2 billion bailout that was funded by the American taxpayer, read a tweet from a Trump fan account that the president and Mnuchin retweeted. Trump also retweeted two tweets about illegal immigration. ....

https://www.zerohedge.com/news/2018-11-28/trump-mnuchin-call-gm-pay-back-federal-bailout

... [ More ]