We- me, you, every single taxpayer in America- gave GM $50 billion dollars. They have yet to repay a single nickle of that, yet they have used that money in ways that should outrage us all. Figures released today show GM losing $1.2 billion in Q3 through September 30th, so they have yet to make a penny to repay those nickles, but they sure are taking a solemn responsibility with our money.
Part 1 was about GM taking a hike on it's responsibility to clean up the mercury poisoning it put into the environment. Bankrupt companies whose asses are saved by taxpayers don't roll that way.
Part 2 described how GM is using taxpayer bailout money to create new research and development facilities and in the process create hundreds of jobs...in China.
Taxpayers bail them out, credit holders get the big shaft, union leaders sign on thinking they'll get ownership equity and save their jobs (after doing such a crappy job for the rank and file most of them are unemployed), and now ABC reports the next step in GM's plan to repay US taxpayers for giving them a megadollar reprieve: investing hundreds of millions in Europe.
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