Quote:
Originally Posted by Mr. Wyndham
I think he meant:
He's like to not give treasury funds to companies...and he'd like not to see lazy bums that don't want to work.
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They gave GM the money in exchange for a stake in the company, right? Not the same as giving people money month after month and not caring if they work or not.
When you buy stock you are giving the company money for a stake in the company, hoping you can get your money back or at least part of it if the company stays in business. That's what the Government did.
I just wonder how many thinks that they wouldn't have paid the same amount in taxes even if there had been no government bailout? Did it take any more money out of your pocket?
How much in taxes would the Government lost from a company going out of business and the many thousands of people that would have lost their job? How much more would the government have to have paid those same workers in unemployment benefits for the last 2 years?
At least the government is going to be recouping most of its investment in GM.
That's what I meant by what I said...