Originally posted by whodey
I saw a commercial the other day by GM touting that they had payed off all their taxpayer bail out money in an effort to attract public support and, most importatnly, buyers. However, upon closer examination, did they actually use their own money to do so?
http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/GM-pays-back-government-loans-w and continue to buy Ford.
I just wonder when the government will bail out GM a third time.
How much taxpayer money do you think the government has given Ford IN THE PAST?
Do you think it's close to the amount they gave enron? Exxon? Worldcom? Haliburton?? etc etc etc
How comes americans only focus on banks and the auto sector but not on any other sector? the oil sector is highly subsidized and yet not a peep.
suggest you google "united states corporate welfare" in google and read on.
I leave you with this little teaser...just for the flavour