GM hourly workers get $4,000 bonuses! (financial, state, income, billion)

[HistorianDude]

Originally Posted by highcotton

Not using taxpayer money! That's stupid!!! They should be using that money to payback the government loan, which is the people's $$$.

You have no idea how that bailout worked at all, do you?

[lifelongMOgal]

Love how we all got dividend earning stock and a vote on the annual meeting questions as a result of that buyout. Bet the disenfranchised previous bondholders are really feeling Government Motors love.

[chielgirl]

GM repays U.S. loan, government loss on bailout falls | Reuters
GM completed the repayment of its loans from the U.S. and Canadian governments by paying the outstanding balances of $4.7 billion and $1.1 billion respectively.

Don't let the facts bother you!

Out of $4k, the line workers probably pocket $2,500.

[HistorianDude]

Originally Posted by summers73

It's only good if you're an Obama supporting Goldman Sachs employee.

Or a middle class, hourly worker at GM.

[summers73]

Originally Posted by HistorianDude

Or a middle class, hourly worker at GM.

My point exactly. Picking winners and losers. That's the government way!

[HistorianDude]

Originally Posted by Backspace

You have to actually make a profit to share it, if you owe someone $100 and you "make" $75 there's no profit to share.

They made a profit. I can only assume you've never had an accounting class?

[lifelongMOgal]

Originally Posted by chielgirl

GM repays U.S. loan, government loss on bailout falls | Reuters
GM completed the repayment of its loans from the U.S. and Canadian governments by paying the outstanding balances of $4.7 billion and $1.1 billion respectively.

Don't let the facts bother you!

Out of $4k, the line workers probably pocket $2,500.

Interestingly enough the SEC is not willing to actually disclose the actual numbers of the bailout or the so called pay-back under the FOI Act.

Most transparent administration ever!

[ylisa7]

Originally Posted by HistorianDude

You don't think profit sharing as a good thing?

Sure it is when your company actually made the profits themselves. That is not the case with GM. GM should have never been bailed out. GM workers were making very good money..they should have saved. GM higher ups knew they were scre*ing the American people. They were laughing their butts off all the way to the bank.

Did they try to cut back on salaries, benefits, and bonuses "before" they got a bailout? No they did not. They were undeserving of a bailout. Help should only go to those who try and help themselves first.

I for one will never buy a GM again..they are an American company that set out to scre* over Americans and they still are

[HistorianDude]

Originally Posted by summers73

My point exactly. Picking winners and losers. That's the government way!

I have no problem with helping the middle class.

Why do you?

[summers73]

LOL @ the "you don't understand the bailout, do you?" whackjobs.