Not Good, GM wants another 16 or is it 9 Billion to Survive.
 

That just came across the AP.

I think they are going to force them to go bankrupt.

Or is it 9 Billion, another report.

didn't they get 7 billion in the first installment? maybe they added both up and came up with the 16 billion...

EDIT:
I was wrong it IS 16 billion... ouch!!!!

GM Seeks 16.6 Billion More
 

Well,
As many of us predicted...the news is in...GM is seeking 16.6 Billion more from US Taxpayers.

I am just so absolutely disgusted with this country anymore.. the traitorous government.. the people who don't care that they're completely getting ****ed. I love how people actually believed them when GM announced a few weeks ago that they would likely not need extra funds. As a country, we absolutely deserve to get driven into the ground. After all, we're the ones who keep electing these swine who ram a 1,100 page, $789B bill through congress without even reading it and prop up any failed company that begs on the capitol's doorstep.:mad0260:

LET 'EM HANG. You can keep my Camaro if it comes down to it, this is COMPLETELY out of hand.

Enjoy your depression :)

:word:

Good luck when you lose your job!

So be it. Depression for a few years vs. the complete destruction of the dollar via never ending bailouts. Ask any economist with half a brain which is worse.

Bitter pill. We'll have to swallow it.

Chapter 11 it is then. If this money would come from the bill 'Stimulus' I could support it. But I think theres a park somewhere that needs another statue.

Be careful for what you ask for. A Depression will last closer to ten years and unemployment in double digits across the Nation will hurt everyone. A Recession will only last a few years with luck. I was hopeful for GM, but after today and the need for up to 30 billion I just don't think so. Something got to give and very soon.

what you people dont realize is if they went in to chap 11 the GOV would provide the chap 11 financing and that would cost alot more than what they are asking for now.

Hell Yeah!!! I absolutley agree! Depression is way, way, way better than being a socialists!!!

The depression is comming, regaurdless. The GOV borrowing stupid amounts of money against our childrens' future isn't going to slow it down at all! Quiet the opposite actually... Capitalism is dying!

:word::word:

... or we continue to throw money at the problem, which they continue to burn through a a record pace with they're half assed recovery plan, until the country gets so fed up to the point of revolution and we finally let them go bankrupt anyway, leaving us to ultimately assume their debt PLUS all the tens of billions we gave them that they burned through AND astronomical inflation.

Half assed plan? You clearly know nothing.