1.) they haven't even payed it all back yet, (despite the misleading commercials that say they did) This was a one-year zero-percent loan on $6 billion equals $240 million in interest at 4%, the rate of inflation. GM still owes the American taxpayers $240 million plus shipping, handling, amortization, early pay-off penalty, and unrealized taxes - let's just round it up to an even $1 billion they still owe us.
2.) they had to lay off 65, 000 employees, and they expired their pensions.... of course the biased media has yet to mention any of this.
also, if democrats are so anti-wall street bailouts, then what was the GM bailout?
2.) they had to lay off 65, 000 employees, and they expired their pensions.... of course the biased media has yet to mention any of this.
also, if democrats are so anti-wall street bailouts, then what was the GM bailout?