Odarabla's infinite BS thread for the foreskinned (AKA Smack Down)
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So its ridiculous bc its old? Lol wow always excuses for Ford huh? Im just tired of hearing about GMs bail out. Which btw though a bail out you didn't have to pay back but a loan you did?if so why did GM pay back the government?
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Which one is worse 200 people dead and 1400 people injured or $11billion lost to help a company that probably employs more people than most companies do?
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Not trying to bust your ***** man, but next time you might consider looking in the the Bible or Dead Sea Scrolls. There are many nice old stories that you may want to quote from there also.
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Lol so now you wanna add stipulations? Typical ford nut swingers ford can never do any wrong can it? A Bail out is a Bail out and Ford holds the record get over it...
As it turns out, the Obama administration put $13.4 billion of the aid money as "working capital" in an escrow account when the company was in bankruptcy. The company is using this escrow money—government money—to pay back the government loan.
In short, GM is using government money to pay back government money to get more government money. And at a 2 percent lower interest rate at that. This is a nifty scheme to refinance GM's government debt—not pay it back!
1. Shouldve filed bankruptcy and reorganized.
2. The govt has no business handing money to private business.
3. The taxpayer got fucked!
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GM does waste a lot of money and has made huge mistakes. No one can deny that
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http://reason.com/archives/2010/04/2...ailout-payback
Gm as company is a joke.
1. Shouldve filed bankruptcy and reorganized.
2. The govt has no business handing money to private business.
3. The taxpayer got fucked!
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