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Barry you let us down.
Could have lifted the limit on executive pay (ok we'll suppose GM really is having trouble attracting *top talent* while the limit was in place).
Still no reason to forgive the 10 bil remaining.
THESE mofos are holding aust govt to ransom cause they employ like 3000 in their manufacture factory plants, and then u got the 2nd and 3rd parties like spare parts suppliers...they are closing the factory moving production back to america
the biggest scam down here is fkn businesses barrowing bailout packages from the govt paying whatever withstanding debt or any debt at all then closing down with a surplus of cash in their bank accounts, fkn dodgy ers....or else the govt shouldve just let them roll over and declared baankrupt instead of bailing them out costing the taxpayer and state/fed budget where that money couldve been better spent elsewhere....
Barry you let us down.
Could have lifted the limit on executive pay (ok we'll suppose GM really is having trouble attracting *top talent* while the limit was in place).
Still no reason to forgive the 10 bil remaining.
I guess success depends on how you define it...
Study: 'Successful' auto bailout of GM, Chrysler saved millions of jobs, $284B in personal income
Source: MLive
Read more: http://www.mlive.com/auto/index.ssf/..._river_defaultThe U.S. government's $85 billion bailout of General Motors Co. and Chrysler Group LLC was more successful than many first anticipated, according to a new study released today.
The Center for Automotive Research study -- called ''The Effect on the U.S. Economy of the Successful Restructuring of General Motors'' --€“ found that the controversial 2008-2009 bailout, saved 2.6 million jobs in 2009 alone and $284.4 billion in personal income was preserved over 2009-2010.
CAR concluded that if the U.S. government had refused to assist GM and Chrysler in their financial crisis of "unprecedented proportions," then the whole U.S. economy would be ''operating without a safety net, with the exception of course, of the banking system.''
The study, which was independently funded by the Ann Arbor-based nonprofit center, comes as the U.S. Treasury is expected to fully exit the Detroit-based automaker by year's end. Once the government completely exits GM the government estimated it will lose about $10 billion, which remains far less than some first predicted.
"safety net, with the exception of course, of the banking system.''
the criminal, corrupt, hyper-leveraged, bankrupt financial system is a safety net?
assholes here swallow the Repug/Fox lies and propaganda as if it were the semen of eternal life.
It's so badass Macho Man to want 100Ks of people to have lost their jobs
industry funded research blesses the bailout. what a surprise.
http://qz.com/155755/bailing-out-gen...h-every-penny/That’s one reason that the $11 billion loss is something of a misleading indicator. Another is that the government could have waited longer for its shares in the company to appreciate, but chose to sell sooner rather than later to avoid the impression that it was picking winners. Canada’s government, which also funded the rescue to protect GM facilities there, is still holding on to its stock.
down here it is closing its doors in 2017...lol selling bull oversize cars and overpriced, lol typical factory worker there gets paid 50-60k minimum, thats fkn more then what low paid workers in other sectors or interns...and all these clowns do is put in a screw here and there.
mentality inherited from England.
lol ford pulling out of this country, taking back manufacturing jobs to america and 15000 reportedly to asia...
if the yanks up so upbeat about jobs loss to overseas and the NFD, why not pull out from every country all manufacturing and outsourcing jobs back to america?
seriously if you put jobs at the lowest scale of pay, u tellin me people wont apply for it? when people are desperate for a job then will accept any job....
"people are desperate for a job then will accept any job"
what value is modern, industrial, post-industrial society where millions people are poor and desperate for any ( ty, low paid) job?
cheap, plentiful labor great has bottom line value for industrialists and investors.
The 1%(aka capitalists/shareholders/bondholders)/VWRC/UCA War on Employees, sanctioned and kicked off by St Ronnie firing 11,000 ATCs, is as real and effective as the War on Women.
If median salary since the 1970s had kept up with GDP, it would be not about $50K, but $90K+.
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