Study: 'Successful' auto bailout of GM, Chrysler saved millions of jobs, $284B i (user search)
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  Study: 'Successful' auto bailout of GM, Chrysler saved millions of jobs, $284B i (search mode)
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Author Topic: Study: 'Successful' auto bailout of GM, Chrysler saved millions of jobs, $284B i  (Read 643 times)
The world will shine with light in our nightmare
Just Passion Through
Atlas Legend
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Posts: 45,267
Norway


Political Matrix
E: -6.32, S: -7.48

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« on: December 10, 2013, 01:50:49 PM »

I'm still a little disappointed that the government decided to sell the remaining GM shares yesterday.  Obama had the opportunity to steer the company away from the internal combustion engine and refurbish it so that GM could make things that we need and are better for the environment.  I get that no one wanted the government to be in the business of making cars, but there should have at least been a guarantee that GM would continue to improve and rebuild itself.  But of course, you can't get everything you want.

Lief, weren't all those wages and benefits cut over the last few years?
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The world will shine with light in our nightmare
Just Passion Through
Atlas Legend
*****
Posts: 45,267
Norway


Political Matrix
E: -6.32, S: -7.48

P P P

« Reply #1 on: December 10, 2013, 04:30:17 PM »

I'm still a little disappointed that the government decided to sell the remaining GM shares yesterday.  Obama had the opportunity to steer the company away from the internal combustion engine and refurbish it so that GM could make things that we need and are better for the environment.  I get that no one wanted the government to be in the business of making cars, but there should have at least been a guarantee that GM would continue to improve and rebuild itself.  But of course, you can't get everything you want.

Lief, weren't all those wages and benefits cut over the last few years?

Corporatism f[inks] yeah! Tongue

FTR, I generally dislike bailouts and government involvement with corporations in principle, but in practice the positives tend to outweigh the negatives if done correctly.  I think we could have at least gotten something good out of it since the opportunity was there.
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