GM Bailout netted 25,000 jobs, costs US $10 Billion loss on stock sales

[Lefty Dave]

http://finance.yahoo.com/news/u-plans-exit-gm-stake-010601743.html

I read this story and actually felt ill afterwards...

I can't believe these are the people we choose to make decisions . Over and over, round and round like a revolving door...one bad move after another.
Will there be anyone in authority in the US respond in accordance with their honor and dignity ....or sworn oath to the Constitution....

Wash dc has woven itself into virtually all aspects of our lives now. They're spending borrowed money (our children will have to pay back), in an effort to rule and regulate our world. As human beings , we should be ashamed...as Americans, we should be outraged.
end of line.

[DeDukshyn]

http://finance.yahoo.com/news/u-plans-exit-gm-stake-010601743.html

I read this story and actually felt ill afterwards...

I can't believe these are the people we choose to make decisions . Over and over, round and round like a revolving door...one bad move after another.
Will there be anyone in authority in the US respond in accordance with their honor and dignity ....or sworn oath to the Constitution....

Wash dc has woven itself into virtually all aspects of our lives now. They're spending borrowed money (our children will have to pay back), in an effort to rule and regulate our world. As human beings , we should be ashamed...as Americans, we should be outraged.
end of line.

My 2 cents is that this is more complex than you (or most) know. GM invested a whole ton of cash into research into electric vehicles, see "Who killed the electric car?" documentary. This whole bankruptcy thing was likely GMs message to the US government "If you are going to blindly support the oil monopoly with no balls or guts to change the system, we'll allow ourselves to go bankrupt, and we'll let you deal with the consequences"

This is exactly what happened. Despite a giant interest in losing "big oil" and looking at properly new technologies for sustainable - non - "monopolizable" energy, the government seems to be abandoning the publics desires to NOT keep bending over to the collective remnants of Rockefeller oil, and Saudi (OPEC) oil even.

Things are messed up on every level -- the blame has no real place but on the hijacking of the natural course of our evolution, which includes both an energy transition and a political one, as a psychological transition is currently already happening within the masses.

Just another point of view to consider ;) My 2 cents.