Just bare with me here...it is rather Long (focus like a Laser)...It was announced today that
GM paid back all of their Bailout Money plus interest five years early! The amount reported was $8.1
Billion. During the news shows where I saw this reported there was a commercial for
GM where their CEO was touting this accomplishment. He also went on to say that
GM was stronger than ever and were now offering a 5 year, unlimited "Power train" Warranty! Most car makers make this same offer.
- Have you or any of your friends ever gone to your Mechanic & he told you you need a new power train?
- What is a power train?
Oh yea, one other thing...
GM got $62
Billion from the US & Canadian taxpayers.
GM "capitalized
" the remaining $54
Billion and hopes to recoup that $$$ and repay their (total) debt by a Public Stock Offering sometime in the future.
- Meanwhile, we Tax Payers still own about 61% of the once Great GM
So, I need to Google "power train" and find out what the real story is here...and maybe find out what a VAT is....
2 comments:
we all are happily oblivious to the workings of the economy and the govment and we could care less as long as we are content in our ways. we were born democrats, we were raised democrats and we are democrats. republicans be damned. Amen
Now that's telling it like it is! Long live the left...hoorah!!!
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