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Why don't we just give GM a trillion dollars and say 'live it up'?
'General Motors Corp. said Friday that it has borrowed an additional $4 billion from the Treasury Department, meaning the automaker has now accepted $19.4 billion in loans from the U.S. government.'
Why don't we just give GM a trillion dollars and say 'live it up'?
'General Motors Corp. said Friday that it has borrowed an additional $4 billion from the Treasury Department, meaning the automaker has now accepted $19.4 billion in loans from the U.S. government.'
Even worse than that, its not a LOAN, the Obama administration has already agreed to FORGIVE the debt during the restructuring phase...
And liberals claim justification for Obama getting involved is a profit... Seems they failed math showing that $19.4Billion loan with $0 paid back is ZERO profit..
I think the argument is that letting GM go under would devastate the economy,although they seem a lot more willing to let them go under than AIG or the big banks.
Heck it's only our money. We'll just pay it back in higher taxes.
I beg to differ.
Obama said that 95% of Americans would see no tax increase, so only 5% of Americans will pay back the TRILLIONS that this administration has borrowed/printed/wasted.
For 95% it will be business as usual. The other 5% can bend over and grab their ankles. (a hefty dose of sarcasm applied)
Why don't we just give GM a trillion dollars and say 'live it up'?
'General Motors Corp. said Friday that it has borrowed an additional $4 billion from the Treasury Department, meaning the automaker has now accepted $19.4 billion in loans from the U.S. government.'
When I was lurking at the grocery store check out, disguised as a repub(store personnel are used to seeing repubs lurking), I saw someone buy a candy bar with FOOD STAMPS!!!!!!
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