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Socalism: $5 Billion stake in GMAC

Discussion in 'U.S. Politics' started by Andy, Dec 30, 2008.

  1. Andy

    Andy Well-Known Member

    Jan 6, 2008
    Likes Received:
    Another great socialistic move by our government to buy a $5 Billion dollar stake in GMAC. So let's get this straight. An auto manufacture is now running a bank, which lends money to buy cars, that the auto manufacture can not produce profitably.

    But at least the cars it's producing at a loss, can be financed with the tax payers footing the bill. How much lobbing money did GMAC spend and to whom, I wonder.

    Another brilliant move!

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