Article

2013-12-10 Economy

US government sells its last shares of General Motors; taxpayers on hook for $10 billion

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Posted by Pappy 2013-12-10 00:00|| || Front Page|| [4 views ] Top

#1 Brilliant move indeed. General Motors annualized annual returns since 2009 (date of gov' loan as I recall) is now over 18%. Selling more cars and trucks each year since the loan. The major firms all have them at a "HOLD". Selling a climbing winner, when you're still south of purchase price....always a winning move.

I suppose they figure they'll soon need the dough to support their lovely healthcare experiment.

Posted by Besoeker 2013-12-10 06:50|| 2013-12-10 06:50|| Front Page Top

#2 One more example of transferring taxpayer money to connected corporate interests. A creative alternative to bloated contracts and grants.

Posted by Glenmore 2013-12-10 07:33|| 2013-12-10 07:33|| Front Page Top

#3 One more example of transferring taxpayer money to connected corporate and UNION interests.

FIFY

Posted by Procopius2k 2013-12-10 07:50|| 2013-12-10 07:50|| Front Page Top

#4 That means the U.S. government is into the taxpayer's knickers for another $10B. More debt piled onto the kids and grandkids and a lowered quality of life for them. I sense a revolt in the future.

Posted by JohnQC 2013-12-10 08:14|| 2013-12-10 08:14|| Front Page Top

#5 The Socialist Soviet Union collapsed under the unbearable weight of debt.

The socialists who have now taken power of the U.S. are returning the favor.

Posted by Guillibaldo McCoy1948 2013-12-10 08:49|| 2013-12-10 08:49|| Front Page Top

#6 All the while raiding the treasury ("spreading the wealth") to line their pockets while they are crushing the U.S. system.

Posted by Guillibaldo McCoy1948 2013-12-10 08:51|| 2013-12-10 08:51|| Front Page Top

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