U.S. government lost $11B on GM bailout - now it's loaning another $28B

U.S. government lost $11B on GM bailout - now it's loaning another $28B

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[electricviking]

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[stvybaby]

GM continues to pay a $.90 dividend per stock share per year while taking govvernment bailouts. This should not be.

[faziz]

For all the talks of capitalism and free market, the US immediately turn socialist bailing out these gigantic corporation. It's like sharp edge of capitalism for the small guy but cozy embrace of socialism for the big guy.

[Pneuma]

disgusting, that is not the government's it's ours.

[jj]

The best part of this is that most will be used to pay out stock holders and CEOs. American greed and corruption is their Achilles heel.

[angryranger]

And we are complaining about Chinese ev subsidy?

[chinesecrested]

I remember the bailout with Chrysler in the 80s. Should have let that compamy fail. All their cars were and are junk. Let automakers fail.

[berthogendoorn]

Small potatoes compared to what the USA and Canada subsidise that the Oil and Gas industry.

[monketstyling]

Sounds like subsidizing, and they accuse the Chinese of doing it. 😅

[PeterGazis-izfe]

Sam Australia didn’t support its auto industry. Now Australia doesn’t have an Auto industry.
Every country with an Auto industry, subsidizes its auto industry.

[KaiPonte]

Another good video! Just test drove the 2024 Model Y yesterday. I say the future belongs to the smaller auto companies. I remember the Chrysler bailout as well as the first GM bailout. They need to stop this.

[johnyoung]

GM's corporate officers still collecting millions in salaries and bonuses paid with our tax dollars!!

[bryanmurphy]

GM has been supported by the government in many ways for years. It is the opposite of private enterprise. It has received over time more money from the government than any other company in history.

[Benjaminfreedman-lr]

I love the grounded reality of this channel!!!
*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you..prevent inflation*

[bobholland]

Heres one for ya . 2007 was the most profitable year in the history GM. The next year they filed bankruptcy.

[RuggedGoodLooks]

This is exactly the ridiculous type of crony capitalism that people voted against

[roybodien]

WTF😡 No wonder the U.S. is $36 trillion in debt!

[AlternativPerspectiv]

28 billion... yet, same time: China subsidies. China 'oversupply'"

[Paleboy]

Our Christmas wish is Joe Biden out today and Trump in .

[UniteAmericaUnite]

WTF. Citizens in the U.S. are struggling and the government is handing out cash left and right to failing corporations.