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Hot Air » Top Picks: Bailed-out GM to spend millions … overseas
Instapundit: STIMULUS! Will GM Spend Taxpayer Bailout Money on Overseas Operations? “GM’s Chief Executive Fritz…
Say Anything: General Motors Is Taking The Bailouts You Paid For And Leaving The Country
Reactions
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@Julie_Weathers Why not bail out the Chinese? It's their money.http://bit.ly/1inRUU 11/17/2009 |
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Courtesy @jaketapper http://bit.ly/1inRUU 11/17/2009 |
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GM bailout money to go to Europe: http://bit.ly/1inRUU Hey, we should let government run our medical care! 11/16/2009 |
Bailed-out GM to spend millions … overseas
Hot Air » Top Picks —
... The government dumped tens of billions of dollars into General Motors, and then dictated a “political bankruptcy” that trampled the rights of senior creditors in order to cut a sweetheart deal for the Obama administration’s union pals. Americans expected to see that pay off in broader investment and job creation, and that’s precisely what GM has in mind … for Europe. ABC News reports that GM plans to spend billions restructuring its Opel subsidiary rather than its core American businesses, and that has some lawmakers seeing red: Specifically, at a time when the nation’s ...
STIMULUS! Will GM Spend Taxpayer Bailout Money on Overseas Operations? “GM’s Chief Executive Fritz…
Instapundit —
... STIMULUS! Will GM Spend Taxpayer Bailout Money on Overseas Operations? “GM’s Chief Executive Fritz Henderson recently announced that the bailed-out automaker might use its U.S. funds to help restructure its European unit Opel, noting that the financing agreements with the Treasury for the $34 billion of bailout funds already spent allow GM to spend any subsequently earned funds as its executives see fit. Some $16 billion remaining after its bankruptcy has strings attached. In a world where funds are fungible, where GM has yet to repay the $50 billion bailout, and ...
General Motors Is Taking The Bailouts You Paid For And Leaving The Country
Say Anything —
... DC don’t see things that way. “Too big to fail.” And what would happen to the poor darlings at the United Auto Workers Union if they didn’t have the domestic auto industry as a host body to feed off of?
So we bailed General Motors out. And you’d at least expect them to spend that money here in America, right? After all, the whole point of the bailouts from the government perspective was economic rescue, right?
Wrong.
Specifically, at a time when the nation’s ...
GM on Outsourcing Production to Overseas, Non-Union Shops: You Want Us to Pay You Back, Right? -- By: Stephen Spruiell
The Corner on National Review Online —
... Here is a question: You, as a taxpayer, now own a stake in General Motors. 50 billion dollars of taxpayer money was invested in the company. Now, if the company decides it is in the best interest of their bottom line to invest some of that money overseas, would you be upset? ...
Memo to General Motors: Good Going Douche Nozzles!
Political Byline —
... Morrissey and I have not agreed much on G.M. and the status of the bail outs that they received from the Government. But it appears, that for a change, I agree with Ed; mark your calendars, because this does not happen often. Ed reports over on HotAir, that General Motors has taken the money, that was funded by taxpayers; like Ed, Me, and yes, you and has spent it —- overseas. Needless to say, there some lawmakers that are not very happy about it either.
ABC NEWS Reports:
Specifically, at a time when the ...
Gates of Vienna News Feed 11/17/2009
Gates of Vienna —
President Obama on GM Using Bailout-Enhanced Coffers on Foreign Jobs "We're Not Going to Meddle"
Political Punch —
... President Obama on GM Using Bailout-Enhanced Coffers on Foreign Jobs "We're Not Going to Meddle" November 18, 2009 11:34 PM As we covered earlier this week , at a time when the nation's unemployment rate has soared to levels not seen in decades and GM is cutting thousands of U.S. jobs, the company's CEO is considering spending millions from its U.S. coffers -- fattened by $50 billion in taxpayer aid -- on its overseas operations, a possibility that has outraged critics and lawmakers. "I don't think most Americans believe that when the taxpayer bailouts were happening it was ...
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