Corporate Welfare

[dwer.livejournal.com]

Comments

[not-hothead-yet.livejournal.com]

thank you, I've been wishing someone could post this for a while.

[rimpala.livejournal.com]

icon and lj-cut title: nice touch

[debergerac.livejournal.com]

general motors?

[dwer.livejournal.com]

No, General Motors took a loan, and has paid it back with interest.

[debergerac.livejournal.com]

really? do tell.

http://factcheck.org/2010/05/general-motors-debt/

[dwer.livejournal.com]

Yes, your own cite tells you that.

Yes. GM repaid the loan portion of the automaker bailout ahead of schedule, with interest.

[debergerac.livejournal.com]

very good. now read the rest of the article.

[dwer.livejournal.com]

I have. It proves my point. Have a nice day.

[debergerac.livejournal.com]

repayment of a loan using money from another loan that will never be repaid proves your point?

you slay me. no, really. you slay me.

[dwer.livejournal.com]

They got a loan, they repaid it. Your article says that very thing.

[trog.livejournal.com]

OK, you win. He has no point. As long as they paid back the loan, it doesn't matter that they had to take out another loan to pay it back. Jesus fuck.

[dwer.livejournal.com]

Hey, how's life in the Third World?

[trog.livejournal.com]

Better than life in your police state. You guys murder any Afghanis, cut their body parts off, and take pictures of it lately?

[dwer.livejournal.com]

No dead Afghanis here. I even checked the crawl space.

[american-geist.livejournal.com]

I like to suck the marrow from their bones.

[the-rukh.livejournal.com]

"The company didn’t borrow new money to pay back an older loan."

trog not read good.

[farchivist.livejournal.com]

In any accountancy system that exists, that's perfectly valid so long as the payment plan is doable.

[debergerac.livejournal.com]

lend me 100 bucks. then lend me another 100 bucks so i can repay you 100 bucks and call it square.

[dwer.livejournal.com]

No. I don't consider you a good credit risk.

[debergerac.livejournal.com]

what credit risk? i told you i'd pay you back the 100 dollars. i'll even swear on obama's birth certificate.

[jlc20thmaine.livejournal.com]

GE??