Jan 15
How do I bailout of doing bailouts?
GM is basically waiting for more Democrats to come to town and waive some of the requirements of their recent bailout loans:
A Democratic bill circulated last week included provisions that could alter the terms of the loan and ease the requirements on the union to lower labor costs.
They are also in line to get billions from Canada and Ontario. And another $4 billion in March from us.
This was a bad idea from the start. You can be sure that the UAW will be hitting up Democrats they’ve corrupted for our cash come Jan 21.