Why did we not just let them file chapter 11 like what happened anyways without giving them billions of dollars… In addition why did the ‘payroll czars’ controll how much the CEO’s got paid but not the union bosses?
And now GM has hacked off Europe, specifically Germany, because GM has backed out of a deal to sell the auto Opel to a consortium. Not content with creating hate and discontent in the US, GM is spreading their own brand of sunshine across Europe and now Germany is demanding that GM return almost $2Billion provided to them in loans. That around 10k jobs will be lost in Europe through GM’s action, it also begs the question, if they have to pay that money back to Germany, where are they going to get it from? Oh wait, I know, the good old US taxpayer. Remember that new bailout they were reportedly looking for – maybe they need it to pay back Germany. See attached link for more info.
