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Forums > All Posts > GM improves, this idea that so many hated, in hind sight was it a good idea?
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2010-11-18 08:40 PM
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LLBarry
Beverly, MA
Posts: 299
This article explains that GM has had a great turn around in the past 2 years. It also states that "Supporting the American auto industry required tough decisions and shared sacrifices, but it helped save jobs, rescue an industry at the heart of America's manufacturing sector and make it more competitive for the future," Obama said.

"The proceeds will help pay back the US government for the USD 49.5 billion it spent on its controversial rescue of GM, which has gone from losing billions of dollars a year to making USD 4.07 billion so far in 2010," reported The Wall Street Journal.


Looking back do you know anyone who was upset that the government helped out GM? Do you still think that the government should not of helped them out, even with the jobs that were created and not lost in these tough times?
2011-01-07 09:26 AM

Truthseeker
Otisville, MI
Posts: 5
Look nobody likes bailouts but if were going to bail somebody out why not a company that actually builds something in America. Let's get tough on the filthy rich  with their  BTC, loop holes, estate tax cuts, off shore accounts and in general not paying their fair share of taxes. Let's take a real look at what wall streets doing to this country. I know it's all legal but is it morally. Let's all step back and take a look at the big picture here. Were all riding the same big ball here(earth) and if we don't get some things straightened out here pretty quick we won't have to worry about the BTC,loop holes or anything else. GOT IT!!!!!!!!!!!!
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