General Motors wants out of damaging bail-out, Obama says No

By
September 17, 2012

Can’t Make. This. Stuff. Up. When you get in bed with the Devil, ….

The Treasury Department is resisting General Motors’ push for the government to sell off its stake in the auto maker, The Wall Street Journal reports. Following a $50 billion bailout in 2009, the U.S. taxpayers now own almost 27% of the company. But the newspaper said GM executives are now chafing at that, saying it hurts the company’s reputation and its ability to attract top talent due to pay restrictions.

via  MarketWatch.

Comments:
  1. Ragspierre says:
    September 17, 2012 at 12:22 pm

    Fascist economics really does not work.

    Not any better than any other planned economic model.

    Markets work every time you try them.

    [ Reply to this Comment ]
  2. U.S. $80 Billion Taxpayer Bailout Of General Motors Now Becomes China Motors! | Political Vel Craft says:
    October 14, 2012 at 3:22 pm

    [...] General Motors wants out of damaging bail-out, Obama says No (riehlworldview.com) [...]

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  3. General Motors is becoming China Motors « News World Wide says:
    October 29, 2012 at 12:32 am

    [...] General Motors wants out of damaging bail-out, Obama says No (riehlworldview.com) [...]

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