Comment 100700

By seancb (registered) - website | Posted April 28, 2014 at 23:48:10 in reply to Comment 100674

Ooooh! Lessons! I love lessons!

The General Motors bailout may have cost the government $10 billion, but GM CEO Dan Akerson rejects any suggestion that the company should compensate for the losses.

http://www.usatoday.com/story/money/cars...

GM got a total of $52 billion from the U.S. government and $9.5 billion from the Canadian and Ontario governments as it went through bankruptcy protection last year.

The U.S. considered $6.7 billion of the aid to be a loan, while the Canadian governments held $1.4 billion in loans.

http://www.cbc.ca/news/canada/windsor/ot...

Do the math, and taxpayers in Canada are still short $810-million on the original $2.9-billion Chrysler loan. That will never be recouped, as part of the loan was made to the Chrysler entity that existed pre-restructuring. It was a permanent gift to Chrysler and a permanent loss to taxpayers.

http://opinion.financialpost.com/2013/05...

Ford Motor Co. (F), the only large U.S. automaker that didn’t receive a U.S. government bailout, would’ve failed along with General Motors Corp. and Chrysler LLC if President Barack Obama’s administration hadn’t rescued the industry, said Steven Rattner, who headed Obama’s auto task force.

http://www.bloomberg.com/news/2012-10-09...

Meanwhile, in the Netherlands, the truth is that there are a huge number of cyclists BECAUSE of the terrific infrastructure, not the other way around: https://www.youtube.com/watch?v=XuBdf9jY...

I vote down for offensiveness and up for humour. I cast no votes based on my level of agreement.

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