1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

Cronyism Costs Billions

Discussion in 'News & Current Events' started by Bro. Curtis, May 22, 2014.

  1. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>
    Site Supporter

    Joined:
    Oct 25, 2001
    Messages:
    20,331
    Ratings:
    +41
    ……GM knew about serious problems with the ignition switch for years, going back to at least 2007. At that time, GM had hard data from multiple crashes showing that some of its ignition switches had failed to function properly. The U.S. government officially bailed out the automaker in December of 2008. Throughout the five-year period of U.S. government ownership, nothing was done to address the deadly switch. According to one timeline of events, GM’s new CEO, Mary Barra, claims she did not even learn of the problem until December of 2013, which just so happens to be when the federal government sold its final shares of GM stock (at a loss of $10 billion, naturally)…..


    http://thefederalist.com/2014/05/21...-cars-right-after-the-feds-sold-their-shares/
     
  2. church mouse guy

    church mouse guy Well-Known Member
    Site Supporter

    Joined:
    May 23, 2002
    Messages:
    11,013
    Ratings:
    +175
    Faith:
    Baptist
    Thanks for the new thread!

    Obama would not let GM go bankrupt because he wanted to save the UAW. It would have been better in all respects if they had been allowed to go bankrupt.

    Not only did Obama waste billions of dollars, he also got more blood on his hands with the lives lost in auto wrecks.

    Obama don't care.
     
  3. poncho

    poncho Well-Known Member

    Joined:
    Mar 30, 2004
    Messages:
    19,657
    Ratings:
    +227
Loading...