Monday, December 9, 2013
…the final story for now of the AUTOMOBILE Government BAILOUT…! Believe me, there will be soon as bad or worse stories to come of AUTO’s…!
THE “TRUE” STORY OF GM AND CHRYSLER…!
Treasury sells rest of GM stock, ends bailout with $10.5-billion loss
By Jim Puzzanghera
December 9, 2013, 2:32 p.m.
WASHINGTON — The federal government on Monday sold its remaining shares of General Motors Co. stock, ending the controversial $49.5-billion bailout of the automaker with an approximately $10.5-billion loss for taxpayers.
“This marks one of the final chapters in the administration’s efforts to protect the broader economy by providing support to the automobile industry,” Treasury Secretary Jacob J. Lew said.
…so we ask? does CAPITALISM really work ? Only partially ! The government always has to supervise the Economy…!
Why ? The Government runs and Prints the Money…!
The Government helps big corps, but the little guy can go broke and become a poor peasant…!
These ideals are wrong!
Heaven is here, and most of us can be middle class income humans or richer…!
Homeless, than Drugs and mobsters, are only parasites, that really cause more damage to others, that the little help in the “false economy”…!
WHAT IS WORSE: most automobiles are “crap technology”, made for the SPARE PARTS INDUSTRY…!
Again you feed the SPARE PARTS Industry small employers at the bigger expense of all the Car USERS, and GLOBAL WARMING and GLOBAL depletion of EMERGENCY CRUDE OIL ENERGY…!
In a good Eastern Europe educated society, Police can control any evil, without the false aid of Drugsters…! Because mostly are educated and have work and live well…! Even with Government aid…!