Posted by Mark - IN. on April 27, 2010 at 03:23:00 from (205.188.116.74):
In Reply to: OT GM Lies posted by Bryan in iowa on April 26, 2010 at 11:01:04:
Its one of those things that angers anyone keeping an eye on the shell...game. Borrow $61 Billion, pay back $8 Billion, after the same politicians that loaned them the $61 Billion in the first place use $8 Billion more to buy up stock they've already loaned them money for in the first place, so that GM can then use that funny money to pay towards their loan, and then claim "WE PAID IT BACK IN FULL" while still operating at a continued sales loss. How in the world, one must ask him or herself, can a company continue to operate at a loss, and then somehow come up with the money to pay back $Billions? They can't, and didn't. And why in the world would anyone drive down to one of their dealers to shell out good money to purchase a vehicle for the second time, after already having paid to build the vehicle a first time? Pay for a vehicle twice? Not me, they already stung me once, against my will.
That guy Ed Whitacre used to be our CEO over at SBC and AT&T after we became the latter. Don't miss him. Won't miss our current CEO, Whitacre's son-in-law, Randolph Stevenson when he's finally gone one day either. Maybe he can become the big guy over at Chrysler and compete for taxpayer funds against his daddy-in-law.
I've never been a Ford guy per say, been a Dodge truck guy, but in the future will either be a Ford or an import because after TARP and all of the other garbage that came out of Washington at taxpayer expense, you couldn't give me a GM or Chrysler product, and if you did, I'd have the neighbor bring his dozer over to drive over them a few times.
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