Taxpayer losses from bailing out Chrysler and General Motors may reach $34 billion but that doesn’t stop GM from giving your money away to groups like the Crongressional Black Caucus.
Post Tagged with: "GM"
August 3, 2010 07:02
Gov’t Motors’ Electric Edsel
This is a car mandated by environmental elitists and government command-economy bureaucrats at the expense of taxpayers who won’t buy the car but will be taken for a ride anyway. It will not pull us out of the economic ditch we’re in. – IBD
August 3, 2010 05:32
Was White House pushing Toyota witch hunt to pump up GM, Chrysler?
In this ‘transparent’ administration the DOT is hiding information on Toyota safety records. Is this to help the government bailout auto companies increase sales to make the White House payoff of union autoworkers look good?
August 2, 2010 07:01
Krauthammer: “The Chevy Volt Is A Disaster”
Charles Krauthammer: “The only people who are going to buy it are going to be very rich people who are going to park it outside their townhouse for ostentatious show of how virtuous they are while they drive around in their Cadillac Escalade.” -video at RealClearPolitics
July 23, 2010 06:43
Ford Posts $2.6 Billion Second-Quarter Profit -without a bailout!
“Ford took advantage of the automotive depression to elevate its brand in the eyes of consumers,” said automotive equity analyst at Standard & Poor’s.
July 22, 2010 04:29
White male owned and rural auto dealers took the hit in forced closings
Decisions on which car dealerships to close as part of the auto industry bailout — closures the Obama administration forced on General Motors and Chrysler — were based in part on race and gender, according to a report by Troubled Asset Relief Program Special Inspector General Neal M. Barofsky.
July 19, 2010 06:39
Govt watchdog criticizes handling of car dealers
Rep. Darrell Issa, R-Calif., said the audit “should serve as a wake-up call as to the implications of politically orchestrated bailouts and how putting decisions about private enterprise in the hands of political appointees and bureaucrats can lead to costly and unintended consequences.”
May 18, 2010 05:08
Taxpayer losses from bailing out Chrysler and General Motors may reach $34 billion
Obama’s hope and change worked out real well for unions who helped elect him at GM and Chrysler, not so well for legal creditors and tax payers.
May 18, 2010 04:48
Union benefits already bailed out with taxpayer dollars in GM deal
A UAW-controlled auto retiree health care fund was owed $20 billion by GM before the bailout. Under the White House-dictated terms, UAW-appointed fund managers got back half of what they were owed in cash, whereas taxpayers who were owed $19.4 billion didn’t get a dime back in cash.
April 30, 2010 03:49
Paul Ryan disputes GM repayment claim
Govt Motors and the Obama administration recently claimed GM has ‘repaid its loan in full’
