Comments on: GMAC Bailout May Cost Taxpayers $6.3B http://sweetness-light.com/archive/gmac-bailout-may-cost-taxpayers-6-3b Sat, 26 May 2012 05:33:45 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Rusty Shackleford http://sweetness-light.com/archive/gmac-bailout-may-cost-taxpayers-6-3b#comment-175289 Rusty Shackleford Thu, 11 Mar 2010 17:01:17 +0000 http://sweetness-light.com/archive/gmac-bailout-may-cost-taxpayers-6-3b#comment-175289 <b>Yet GMAC faced far fewer conditions than the bailed-out automakers, the report says. When the automakers were rescued, they were forced into bankruptcy. Shareholders lost their investments, creditors took a hit and executives were forced to detail plans for making the companies viable.</b> Yup, everyone with "skin in the game" lost their shirts while the unions trundled merrily on their way and suffered not. However, my uptake is that the REST of the story is...not YET. They will suffer. And suffer big. Better a feast today than a slice of bread tomorrow. Yet GMAC faced far fewer conditions than the bailed-out automakers, the report says. When the automakers were rescued, they were forced into bankruptcy. Shareholders lost their investments, creditors took a hit and executives were forced to detail plans for making the companies viable.

Yup, everyone with “skin in the game” lost their shirts while the unions trundled merrily on their way and suffered not. However, my uptake is that the REST of the story is…not YET.

They will suffer. And suffer big. Better a feast today than a slice of bread tomorrow.

]]> By: proreason http://sweetness-light.com/archive/gmac-bailout-may-cost-taxpayers-6-3b#comment-175279 proreason Thu, 11 Mar 2010 16:24:54 +0000 http://sweetness-light.com/archive/gmac-bailout-may-cost-taxpayers-6-3b#comment-175279 no biggee, heh heh. As one of only 75 million taxpayers in the country, this has only cost you $80 so far. Unless you make earn more than average. For those, it probably only cost a thousand or so. Not counting interest, or future bailouts, or the hidden kick-backs we don't know about, or future tax rate increases. Isn't that a small price to pay to help your UAW friends? no biggee, heh heh.

As one of only 75 million taxpayers in the country, this has only cost you $80 so far. Unless you make earn more than average. For those, it probably only cost a thousand or so. Not counting interest, or future bailouts, or the hidden kick-backs we don’t know about, or future tax rate increases.

Isn’t that a small price to pay to help your UAW friends?

]]> By: Right of the People http://sweetness-light.com/archive/gmac-bailout-may-cost-taxpayers-6-3b#comment-175277 Right of the People Thu, 11 Mar 2010 16:13:14 +0000 http://sweetness-light.com/archive/gmac-bailout-may-cost-taxpayers-6-3b#comment-175277 As long as the unions get their bucks, that's all that matters. As long as the unions get their bucks, that’s all that matters.

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