Midya's Weblog

THE HEADLINE AND THE STORY

Gas in the tank: GM repays $8.1B in gov’t loans

GM repays $8.1B in gov’t loans 5 years ahead of schedule, sets expansion plans at 2 plants

ap

http://finance.yahoo.com/news/Gas-in-the-tank-GM-repays-81B-apf-1077915316.html?x=0&sec=topStories&pos=4&asset=&ccode=

HONESTLY, AFTER THE FASCIST TAKEOVER OF TWO AUTO GIANTS AND THE SUBVERTING, OR BLATANT FLOUTING, OF THE LAW IN THEIR BANKRUPTCY HEARING, THE AP HAS THIS TO SAY OF AN 8 BILLION DOLLAR REPAYMENT? 

WHAT I REALLY LIKE IS THAT THE AP DOESN’T ANALYZE THE BIDEN LINE ABOUT THE CAR COMPANIES NOT PRODUCING WHAT THE PUBLIC WANTS.  COULD IT BE THAT THE PUBLIC ONLY WANTS SUPER FUEL EFFICIENT VEHICLES BECAUSE OBAMA, BIDEN AND THE DEMS HAVE DRIVEN UP THE PRICE OF GAS?   

“This turnaround wasn’t an accident of history,” said White House economic adviser Larry Summers. “It was the result of considered and politically difficult decisions made by President Obama to provide GM and Chrysler — and indeed the auto industry — a lifeline, if they could demonstrate the will to reshape their businesses.”

Vice President Joe Biden said President Barack Obama “took a lot of heat” to keep GM alive. “And this has even exceeded our expectations.”

Biden said GM is now in a better position to “make what the market demands: energy-efficient vehicles for a cleaner world.”

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This entry was posted on April 21, 2010 by in Uncategorized.
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