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Well, now we own $8.1 billion less of GM. Only $44 billion to go.
1 posted on 04/21/2010 8:39:27 AM PDT by worst-case scenario
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To: worst-case scenario

If the bank gave me $52 and i paid back $8, why could anyone say I repaid the loan?


2 posted on 04/21/2010 8:42:39 AM PDT by silverleaf (Karl Marx was NOT one of America's Founding Fathers)
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To: worst-case scenario

"GM got a total of $52 billion from the U.S. government"

"The U.S. considered as a loan $6.7 billion of the aid,"
Sickening!!! They have not paid back jack-squat!!! They have effectively stolen from the taxpayer.
3 posted on 04/21/2010 8:43:09 AM PDT by avacado
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To: worst-case scenario
I was surprised to read that Canada also gave money to GM.
4 posted on 04/21/2010 8:43:52 AM PDT by Unassuaged (I have shocking data relevant to the conversation!)
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To: worst-case scenario

Translation: The crooked United Auto Workers just stole $44,000,000,000 from your children.


5 posted on 04/21/2010 8:44:13 AM PDT by FormerACLUmember (If you don't send money to Conservative/Libertarian candidates, Obama will just steal it.)
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To: worst-case scenario

LOL, the USofA is one big ponzie scheme.


6 posted on 04/21/2010 8:44:25 AM PDT by jwalsh07
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To: worst-case scenario

Why do we refer to it as GM, its true name is UAW. How about some honesty in advertising at least?


7 posted on 04/21/2010 8:44:28 AM PDT by equalitybeforethelaw
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To: worst-case scenario
I'm sure the holders of worthless GM stock are relieved to hear this.
8 posted on 04/21/2010 8:45:46 AM PDT by Huskrrrr
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To: worst-case scenario

Yeah...well...NOW they owe ME!


9 posted on 04/21/2010 8:45:49 AM PDT by goodnesswins (The PLANTATION Party is at it again (the DEMS) ....trying to make slaves of everyone)
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To: worst-case scenario

Does that also include the GMAC bailout, the bad GMAC backed mortgages assumed
by taxpayers, cash for clunkers and unfunded UAW pension liabilities?

OR is this story another example of worthless government propaganda?

10 posted on 04/21/2010 8:49:47 AM PDT by Zakeet (Will Rogers never met the Wee Wee)
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To: worst-case scenario

Does the $44 billion include the pension obligations they pawned-off on the PBGC?


11 posted on 04/21/2010 8:50:39 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: worst-case scenario; Bokababe; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; ...
RE :"General Motors Co.'s CEO said Tuesday that the automaker has repaid the $8.1 billion in loans it received from the U.S. and Canadian governments, a sign that a plan to rebuild the company is working. GM got a total of $52 billion from the U.S. government and $9.5 billion from the Canadian and Ontario governments as it went through bankruptcy protection last year. The U.S. considered as a loan $6.7 billion of the aid, while the Canadian governments held $1.4 billion in loans"

I saw this on MSNBC and knew it had to be crap, thanks for the post. It got 52B from US and paid back 6.7B (debt cleared) and MSNBC (Ed Schulz) is bragging about a success story for the US taxpayers. He has been lying more and more to viewers on his show as things fall apart.

12 posted on 04/21/2010 8:53:36 AM PDT by sickoflibs ( "It's not the taxes, the redistribution is the federal spending=taxes delayed")
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To: worst-case scenario
Yeah.
Where is the remaining $44 Billion at 0bama?
13 posted on 04/21/2010 8:54:22 AM PDT by SmokingJoe
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To: worst-case scenario
"GM got a total of $52 billion from the U.S. government and $9.5 billion from the Canadian and Ontario governments as it went through bankruptcy protection last year. The U.S. considered as a loan $6.7 billion of the aid, while the Canadian governments held $1.4 billion in loans."

Am I understanding this correctly? The U.S. (us) gave them $52 billion, but we only considered $6.7 as a LOAN, and the rest of the $52 billion was a gift?

14 posted on 04/21/2010 8:55:30 AM PDT by Spunky (You are free to make choices, but not free from the consequences)
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To: worst-case scenario

GM got a total of $52 billion from the U.S. government and $9.5 billion from the Canadian and Ontario governments as it went through bankruptcy protection last year. The U.S. considered as a loan $6.7 billion of the aid, while the Canadian governments held $1.4 billion in loans.


Laughable.


20 posted on 04/21/2010 9:00:28 AM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: worst-case scenario

Are the remaining illions gifts to the union thugs?


26 posted on 04/21/2010 9:19:39 AM PDT by pallis
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To: worst-case scenario

“GM CEO says government loans have been repaid”

Oh. Can Rick Wagoner have his job back now?


32 posted on 04/21/2010 2:22:53 PM PDT by RoadTest (Religion is a substitute for the relationship God wants with you.)
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To: worst-case scenario

As usual, the govt. hack AP gets a story WRONG:

“GM Did Not Really Pay Back Its Loan”

http://www.redstate.com/erick/2010/04/22/gm-did-not-really-pay-back-its-loan/


34 posted on 04/24/2010 10:24:00 PM PDT by Sun (Pray that God sends us good leaders. Please say a prayer now.)
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