this is typical spin from reuters. what a joke. screw all the creditors, then use another tax payer funded hand out to pay the first hand out. what a pile of crap.
Your an idiot. Letting GM go out of business would cripple the economy even more. And all the bullshit of Honda and Toyota having plants here in the US to give us jobs back is a joke. If you ignorant assholes look on the new car sticker you would see how much is made here still. Oh and wasteful and unsafe SUVs and trucks? Lets see you pull your boat, jetski's or anything else with a crappy Honda. Just about all the cars out there suck anyway so all I buy is trucks.
2. I said nothing about Honda or Toyota. Must be the voices in your head.
3. Search the Car & Driver site for a chart of how "American" American vehicles aren't. Even the Silverado is barely half US content.
4. Yeah, I bet your pin-prick ego and Ramen-noodle dick needs a truck to go 3 blocks to the store for another 5 lbs of Twinkies so your 300-lb wife doesn't beat the shit out of you again.
Reuters misrepresented the GM story. They just read the GM press release almost word-for-word. GM didn't repay "in full"! They used a small portion of the government loan & TARP money to pay off some of the loan. Don't believe the Reuters propaganda!!!
THIS IS AN ABSOLUTE LIE. They used $6 Billion dollars in tax payer money from a $13 Billion dollar escrow account to "pay the loan off early." The US tax payers are out over $50 BILLION dollars on this horrible transaction. By the way these thieves are also trying to get another low interest "loan" for another $10 Billion dollars so that they can retool their plants.
Obama Administration and GM mislead the public about $6.7B loan repayment.
The TARP inspector general, Neil Barofsky, bluntly told the Senate Finance Committee during a hearing that the repayment "is just other TARP money"
The $6.7 billion is also just a fraction of the $52 billion General Motors received in government aid. Tax payer losses on GM are expected to exceed $30 billion.
Flat out lying. GM is still unprofitable and not even close to repaying the American or the Canadian taxpayer's money back. Just another lie brought buy a failing company and our government.
Dummies,,, Gm paid back the loan with the tarp money hussein gave them in an account --THEY THE LOAN BACK WITH OUR TARP MONEY ,,,,gm DIDN'T PAY BACK SHIT
"Surprising to see how fast GM paid back the u.s and canadian government"
So surprising that it's not believable and there's data to indicate just that.
GM used TARP money in escrow to pay $6.7 billion. Technically, they paid some of the money back, but did so using taxpayer money instead of the company's own reserves and only paid a fraction of the total loaned out plus interest.
GM didn't really pay back anything; at most it was refinancing their loan with the government.
this is typical spin from reuters. what a joke. screw all the creditors, then use another tax payer funded hand out to pay the first hand out. what a pile of crap.
garand 2 weeks ago
Never again will you see anything built or sold by GM (Great Mistake) in my driveway.
All they build are those wasteful unsafe SUVs and trucks. Their "new" (based on a 40-year old design) Camaro is built in Canada.
Their Aveo and Cruze? They're rebadged Daewoos.
If American taxpayers lied about our finances the way GM lies about theirs, we'd all be stamping license plates for decades.
OBAMA = One Big Ass Mistake, America.
I can't wait until real Americans take the country back.
USAon3 1 year ago
@USAon3
Your an idiot. Letting GM go out of business would cripple the economy even more. And all the bullshit of Honda and Toyota having plants here in the US to give us jobs back is a joke. If you ignorant assholes look on the new car sticker you would see how much is made here still. Oh and wasteful and unsafe SUVs and trucks? Lets see you pull your boat, jetski's or anything else with a crappy Honda. Just about all the cars out there suck anyway so all I buy is trucks.
Mrcrazydave11 3 weeks ago
@Mrcrazydave11
1. "My an idiot"? Really? lulz.
2. I said nothing about Honda or Toyota. Must be the voices in your head.
3. Search the Car & Driver site for a chart of how "American" American vehicles aren't. Even the Silverado is barely half US content.
4. Yeah, I bet your pin-prick ego and Ramen-noodle dick needs a truck to go 3 blocks to the store for another 5 lbs of Twinkies so your 300-lb wife doesn't beat the shit out of you again.
USAon3 2 weeks ago
Fascism is the new corporate program for GM. They paid back NOTHING. They stole more money in the form of TARP to pay back other loans - Rediculous!
Stop Fascism - Don't buy GM products
NurseMeister 1 year ago
yay i can by gm again
racingchamp101 1 year ago
Reuters misrepresented the GM story. They just read the GM press release almost word-for-word. GM didn't repay "in full"! They used a small portion of the government loan & TARP money to pay off some of the loan. Don't believe the Reuters propaganda!!!
seanseanseanseansean 1 year ago
The United States still owns 70% of GM's stock.
Rayzkevin 1 year ago
hey 7216sp keep driving jap cars and you may just keep moving forward.
Impack4 1 year ago
This has been flagged as spam show
GM released a commercial that touted its paying back the taxpayers in full, with interest, 5 years ahead of schedule, except:
1) GM was loaned an other $49.5 billion in a TARP escrow account
2) GM used money from the TARP escrow account to pay back the TARP loan (aka - pay off one credit card with another)
3) They did it to get a $10 billion loan from DOE and not make it look bad
It is an utter fraud and lie. GM can't even cover its own expenses yet!
1969goatman 1 year ago
YOU LIE!
leddhed 1 year ago
THIS IS AN ABSOLUTE LIE. They used $6 Billion dollars in tax payer money from a $13 Billion dollar escrow account to "pay the loan off early." The US tax payers are out over $50 BILLION dollars on this horrible transaction. By the way these thieves are also trying to get another low interest "loan" for another $10 Billion dollars so that they can retool their plants.
ACORNCriminals 1 year ago
Obama Administration and GM mislead the public about $6.7B loan repayment.
The TARP inspector general, Neil Barofsky, bluntly told the Senate Finance Committee during a hearing that the repayment "is just other TARP money"
The $6.7 billion is also just a fraction of the $52 billion General Motors received in government aid. Tax payer losses on GM are expected to exceed $30 billion.
dwf62 1 year ago
So Reuters and a GM commercial tell the same lie. Too bad our "watchdog" press won't bark.
Txbertie 1 year ago
GM screwed creditors with bankruptcy...$ 95 billion.
Tarp funds (never authorized for automakers) are being used to "repay" the bailout... what a joke.
Saving the UAW with taxpayer-funded stock purchases...criminals in congress who just want votes and contributions.
Buy a Toyota or Hundai.
musicwayne1 1 year ago 7
Flat out lying. GM is still unprofitable and not even close to repaying the American or the Canadian taxpayer's money back. Just another lie brought buy a failing company and our government.
EhrgeizUnlimited 1 year ago 3
Bold Faced Lying
malcolmxross 1 year ago 3
Dummies,,, Gm paid back the loan with the tarp money hussein gave them in an account --THEY THE LOAN BACK WITH OUR TARP MONEY ,,,,gm DIDN'T PAY BACK SHIT
7216sp 1 year ago 9
This is great. Buy GM Products!!!! BUY GM!!!!
YentaY0 1 year ago
yeah right,.. and when i get my bailout i'll buy one!
shotokan1968 1 year ago
Surprising to see how fast GM paid back the u.s and canadian government
italo36 1 year ago
@italo36
"Surprising to see how fast GM paid back the u.s and canadian government"
So surprising that it's not believable and there's data to indicate just that.
GM used TARP money in escrow to pay $6.7 billion. Technically, they paid some of the money back, but did so using taxpayer money instead of the company's own reserves and only paid a fraction of the total loaned out plus interest.
GM didn't really pay back anything; at most it was refinancing their loan with the government.
Watcher3223 1 year ago 2
Sure u can balance it when the Government owns it so...
guilleman9 1 year ago
obama Won!
TheVMFA333 1 year ago
I wanna see it.! Did they pay taxes and is their union going to keep up healthcare?
MORE LIES!
USAPatriot1966 1 year ago
@USAPatriot1966 blah blah blah
TheVMFA333 1 year ago