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11 BILLION DOLLARS GONE...............
1 posted on 04/20/2011 5:47:54 AM PDT by Red Badger
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To: Red Badger

Bo needs cash to buy votes!


2 posted on 04/20/2011 5:50:36 AM PDT by DCmarcher-976453 (SARAH PALIN 2012)
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To: Red Badger
the government would lose more than $11 billion, but the Obama administration is willing to accept the loss

Why not? It's not his money!

3 posted on 04/20/2011 5:51:16 AM PDT by ClearCase_guy
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To: Red Badger

The first order of Business for our new congress should of been IMPEACHMENT over this whole GM Fiasco, They out and out STOLE it from the Bondholders and then Gave it all to the Unions, now We the People are supposed to pay all the Losses??
When will enough be enough???


4 posted on 04/20/2011 5:53:51 AM PDT by eyeamok
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To: Red Badger
The government sale would "almost certainly" mean that US taxpayers would take a loss

Duh.
But the unions got theirs... and will again work to re-elect Obarry.
Mission accomplished.

5 posted on 04/20/2011 5:54:12 AM PDT by grobdriver (Proud Member, Party Of No! No Socialism - No Fascism - Nobama - No Way!)
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To: Red Badger
He added: "I think the government is going to make a lot of money ... It will prove to have been a great investment." - GM Chief Executive Ed Whitacre (on the Government bailout)
7 posted on 04/20/2011 5:55:26 AM PDT by mnehring
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To: Red Badger
But we saved the union goons pensions!

*sigh*

11 posted on 04/20/2011 6:03:26 AM PDT by TexasFreeper2009 (Obama = Carter 2.0 The Epic Fail Edition)
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To: Red Badger

Right, It’s not their money, they don’t CARE about how its spent, except to further their leftist goals


13 posted on 04/20/2011 6:10:51 AM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Red Badger
How can the government lose money on the GM deal?

GM paid back everything with interest!

The Chairman said so on national TV.

< /sarcasm >

15 posted on 04/20/2011 6:12:43 AM PDT by N. Theknow (A gun in the hand, beats a cop on the phone.)
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To: Red Badger

I hate, despise, and loathe GM.

Destroy them all...well, almost all.....

But......

Keep the Corvette!


16 posted on 04/20/2011 6:13:28 AM PDT by Da Coyote
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To: Red Badger

” At the current price, the government would lose more than $11 billion, but the Obama administration is willing to accept the loss in “

Boy, it’s a good thing that the Obama Gang isn’t in charge of my pension fund....

Oh - wait....

Cr@p....


17 posted on 04/20/2011 6:18:53 AM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: Red Badger
GM stock lower amid report of quick govt sale ...

... and now steering wheels will quit falling off cars and golf carts
will no longer burn up in garages while charging ... maybe

18 posted on 04/20/2011 6:23:41 AM PDT by Zakeet (I know Obama is level headed because he drools out of both sides of his mouth at the same time)
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To: Red Badger
How possibly could dumping 1/2 billion shares of stock cause a problem with the value?

Damn these idiots are total economic illiterates.

20 posted on 04/20/2011 6:39:02 AM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Red Badger

“The government would need to sell its roughly 500 million shares for $53 dollars each in order to break even, but GM’s stock is currently hovering at a price of just under $30 per share.

Will ANY Republican have the BALLS to shove Obama generated mess right up Barry’s ass?

The time has come. Well, are there any men willing to kick this pu$$y$ ass?

If not, I go 3rd party! Next stop, New Zealand.


26 posted on 04/20/2011 10:34:40 AM PDT by gathersnomoss
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