GM and Chrysler were really corporate pass-through entities; in reality this was a bailout of the UAW.

Hence the extra-legal preferential treatment that the UAW got … with proceeds strong-armed from bondholders by the Obama administration.

Another example of Obama’s practice of “redistributive justice.”

Next up — they’re already floating the idea of a taxpayer bailout of the UAW pension fund.

Since I’m already contributing to the UAW through my taxes, henceforth I decline to further contribute to them by refusing to purchase any UAW-assembled vehicle.

I recommend that you do the same. The sooner the UAW dies, the sooner it’ll stop feeding off of the taxpayers.

Because…uh….we’re trustworthy…….and we, uh, make good cars…….

I wish the management of Ford would grow a pair and get out there to BLAST Government Motors as nothing more than another government agency.

I have heard one local Ford dealer advertise their vehicles as “No bail-out Fords”, but I would like to see this on a national scale.

I suppose that the leadership of Ford has been warned by the Regime that if they expose GM on this, they will mysteriously find themselves having problems with the IRS, Department of Labor, OSHA and any number of other Federal agencies.

How many more billions of taxpayer bail-out money did they they receive as equity, in addition to the loans?

I did a diary on the GM TARP debacle.

You could link it or mention it. Red Staters are people, too.

2010 Cadillac DTS

I’m going to head down to a dealership tomorrow to see if they’ll consider my offer of $6,700 as payment in full.

Not exactly an apples to apples comparison but these kind of accounting gimmicks landed ENRON in a huge pile of stink.

Also, where the hell is the media on this? Can you imagine if Bush had pulled this kind of crap?

do as the Romans do… or tell you to do… or both… or else…

Some day the SS trust fund will “pay back” the Federal Government, so that checks can be issued to retirees.

I see no difference.

Gee, and I thought the 1st quarter earnings statement might turn out to be a real doozey. GM lost $9.6 bil in the 4th quarter alone last year, and then they pay-off $8 bil in loans 90+ days later? That would be the turn around story of the century. Still, they havent announced yet.

(sounds of bated breath)

I could payoff my mortgage with only 10%.
Since I have already given them that much anyways I guess I’m all set.
Actually…they owe me a refund.
I call them later with the good news.

The Democrats in this country just never stop insulting the voters.
Everybody knows that they took over 50 billion dollars in loan money.
Giving back 6.7 billion of it does not mean they paid it all back.
They can never pay it back.
They are only pulling this publicity stunt because many Americans will not buy there cars now and their sales stink.
I will never buy a GM now.
Not after the way that the Obama administration and the UAW STOLE IT from the secured investors.
It was thievery and wealth transfer plain and simple.
GM is just going to become another entitlement program for aging UAW workers.
They are now a giant pension company that occasionally makes a few cars.

As I was watching Foxnews last night, I saw a GM commercial where they specifically stated that they had paid back the money. What a fraud.

It will be interesting to note who takes this on.

Sorry, but I would not buy a GM car if you paid me too.

Ford would be my choice.

The myth of GM repaid it’s bailout loan can be added to the myth of Clinton balanced the federal budget. And the same idiots will believe it.

The way Libs do a few other things is …….
Ignore it whenever Libs do something that is obviously anti-American and/or
so obviously stupid

Whenever they cannot respond intelligently to a honest accusation by Conservatives in a debate… simply do the following…..talk over the Conservatives like a rude Child….use the Racist Card….always say everything that obuma has failed to do anything about or did the wrong thing just say …”well that occurred before obuma was in office”…..

I don’t remember him saying anything during his Campaign about the fact that he could not fix anything that he could falsely blame on the prior Administration……it just gets more and more ridiculous…..GatorBob

First of all , Chrylser has not been a public corporation for some time. It was owned by a private equity firm by the name of Cerebus. Check it out. So the taxpayers bailed out a private equity firm which had refused to inject any more money into it. It was a bailout for the U.A.W. just as it was for General Motor. Ford did not take any money and refused it and had prospered. General Motors is still bleeding money from deficits and the media and this administration go along with this scam and there are a large number of gullible people who believe it.

Ford cant complain about Cherovlets habit of sucking of the taxpayers tete,they are to busy promoteing the homosexual lifestyle.They have caved in to these siskening fools.
I hare driven Fords all my life but i will never buy another Ford or Cheverolet.

Today the chief executive officer of Cheverolet came on televison and said that G.M.had paid back the taxpayers, LIE

From now on i will nor buy either of these companys product