Quote:
Originally Posted by CamaroSkooter
I whole-heartedly agree with this statement. It just sucks that people believe that since the General took taxpayer money, it's somehow no longer a "private" company. I think that's a BS stance, but it's pretty tough to have a conservative voice these days, at least for the next couple years.
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People believe this because not everyone thinks GM should have gotten a loan from the government. Now that GM has government money, the gov. essentially can dictate terms of the loan. If GM doesn't follow, they take all of the money away and forces GM into Ch. 11. For whatever reason, GM REFUSES to declare Ch. 11 and therefore is at the government's mercy.
Is it BS? Yes
Is there anything we can do about it? No