Thread: Did Bernanke Save US Economy?

Originally Posted by FireWeatherMet

- GM payed back most of its borrowed money and became # 1 automaker in the world by again by end of 2011. ...shifting back and forth between #1 and # 2 today.

Not getting into numbers, but considering the fact that taxpayer money was used to bail out a private company in the first place was simply wrong. What made it even worse was that GM did not fulfill its obligation to repay all of the taxpayer money that was originally lent to them based on the original loan agreement (i.e., they did not pay all of the agreed upon interest).

Here a billion there a billion...

Originally Posted by blueroadster

Not getting into numbers, but considering the fact that taxpayer money was used to bail out a private company in the first place was simply wrong. What made it even worse was that GM did not fulfill its obligation to repay all of the taxpayer money that was originally lent to them based on the original loan agreement (i.e., they did not pay all of the agreed upon interest).

Here a billion there a billion...

How is GM supposed to compete with Japanese and European Gov't subsidies for their auto makers?
Don't hear any Toyota or Honda drivers here complaining about Gov't subsidies. (lol)


Japan subsidizes Toyota by $30,000 PER VEHICLE
Want $30,000 Off Your Green Car? Head to Japan - Bloomberg

Japanese Makers Get a $4K to $14K subsidy on every vehicle Exported
Japanese Makers Get a $4K to $14K subsidy on every vehicle Exported - Motor Trend The General Forum Forum

Or US taxpayers in certain southern states subsidizing Volkswagen with HALF BILLION just for one plant:
TN taxpayers subsidize UAW outrage at VW plant

What kind of American supports foreign car companies over American ones?
Then again, who is really American these days?