Quote:
Originally Posted by wdfifteen
Pretty much what i thought in 2003 and 2009 when companies used tax cuts and bailout money to pay off debt instead of invest in new jobs. We got ten good years and our money back from bailing out GM. Not a bad deal IMHO.
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Yeah... we lost money on "old GM" and we lost money on "new GM" when the stock were sold. We lost money... and we lost taxpayer money. With the tax cuts, businesses and people keep more of the money they earn.
We as taxpayers lost money on a private business because of poor business decisions by that private business. That's a bad deal IMO
It all boils down to profitability, I get that. The sedans aren't as profitable so they're going to focus on what is more profitable. The problem will come when gas goes up and the SUV's stop selling and BAM we're bailing their sorry asses out again.