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GM has paid back all the money it has borrowed and the only money the government still has in GM is money used to purchase GM stock. They spent $50 billion to buy 61% of GM's general stock which is pretty much in line with GM's share price as of 2-3 years ago when it still had all those pension and debt liabilities which have now been discharged due to bankruptcy. The plan is to do an IPO on GM next quarter so that the government can sell it's stock and then be completely out of GM free and clear.
Please link the yearly financial report and SEC disclosures proving those statments underlined.
How can they sell shares that are already owned by the US taxpayer?
"One way or the other, we are determined to deny Iraq the capacity to develop weapons of mass destruction and the missiles to deliver them. That is our bottom line."
President Clinton, Feb. 4, 1998.
"If Saddam rejects peace and we have to use force, our purpose is clear. We want to seriously diminish the threat posed by Iraq's weapons of mass destruction program."
President Clinton, Feb. 17, 1998.
"Iraq is a long way from [here], but what happens there matters a great deal here. For the risks that the leaders of a rogue state will use nuclear, chemical or biological weapons against us or our allies is the greatest security threat we face."
Madeline Albright, Feb 18, 1998.
"He will use those weapons of mass destruction again, as he has ten times since 1983."
Sandy Berger, Clinton National Security Adviser, Feb, 18, 1998
"[W]e urge you, after consulting with Congress, and consistent with the U.S. Constitution and laws, to take necessary actions (including, if appropriate, air and missile strikes on suspect Iraqi sites) to respond effectively to the threat posed by Iraq's refusal to end its weapons of mass destruction programs."
Letter to President Clinton, signed by Sens. Carl Levin, Tom Daschle, John Kerry, and others Oct. 9, 1998.
"Saddam Hussein has been engaged in the development of weapons of mass destruction technology which is a threat to countries in the region and he has made a mockery of the weapons inspection process."
Rep. Nancy Pelosi (D, CA), Dec. 16, 1998.
"Hussein has ... chosen to spend his money on building weapons of mass destruction and palaces for his cronies."
Madeline Albright, Clinton Secretary of State, Nov. 10, 1999.
...NOW THE DEMOCRATS SAY PRESIDENT BUSH LIED, THAT THERE NEVER WERE ANY WMD'S AND HE TOOK US TO WAR FOR HIS OIL BUDDIES??? Right!!!
look at the dates and you will find that many of them were made BEFORE bush was president, in fact as much as TWO YEARS BEFORE bush was president.
Exactly! Democrats are neck deep in the buildup to the Iraq war. That should end the lies from the left.
GM has paid back all the money it has borrowed and the only money the government still has in GM is money used to purchase GM stock. They spent $50 billion to buy 61% of GM's general stock which is pretty much in line with GM's share price as of 2-3 years ago when it still had all those pension and debt liabilities which have now been discharged due to bankruptcy. The plan is to do an IPO on GM next quarter so that the government can sell it's stock and then be completely out of GM free and clear.
Will this lead to a bit less hammering at foreign auto builders? Somehow I see that ownership of Government Motors as a heavy part of what has been going on against the Japanese who don't have UAW people working in their plants.
I'll remember this thread the next time I hear all about how Republicans are the ones in the pockets of big business and support crony-capitalism and all that.
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