quote: Without government bailout, these cars would never have come to market, and chances are GM will pay back their loan, unlike Wallstreet who is still completely unwilling to work with home owners to refinance upside-down mortgages and still reaps record earnings at our expense.
quote: Third GM didn't need bailed out from a cash and poor management situation, GM needed bailed out of its Union situation, you look at Automotive Union pay-rates vs. inflation, and those Union have demanded higher and higher wages to the point of near if not hyperinflation, hyperinflation cannot be sustained, something had to be done and the loss of thousands of Auto manufacturer jobs, along with thousands of auto supplier jobs along with thousands of natural resource jobs, added to the thousands of dealership level jobs, adding in the Hundred of thousands of service industry jobs and well if you don't get the idea yet you never will.
quote: Second, the EV market is growing and will continue to grow, number may not be very high as far as sales but they do sell all they make, by Volt 2.0 the Volt will be a very strong competitor to the Prius(s).
quote: He actually gave the UAW shares of GM, a move which I must point out, is actually illegal.
quote: The UAW is not only stronger than before, but they have an actual leadership stake in GM itself! He bailed out the pension plan that was killing GM, like you said. He gave them shares. He put union members on GM's board of directors for god sakes. Do you realize what that means? He handed GM to the unions. Things will never change for the better now.