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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: sickoflibs

“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. “

When you watch MSNBC you have to pay the piper ;-)


15 posted on 04/21/2010 8:55:38 AM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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To: sickoflibs

Even more how did they pay off the loans when they lost almost $4.3B last year?


21 posted on 04/21/2010 9:04:06 AM PDT by Boiler Plate ("Why be difficult, when with just a little more work, you can be impossible" Mom)
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