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Originally Posted by Guest
And making US pay for it...he transferred ownership from the bondholders/shareholders to others. One day "we" owned GM...the next...someone else. Billions of taxpayer dollars...debt...went into "saving" GM...and others.
Tesla wouldn't be here today without GENEROUS government subsidies...they lose money on each car without the government aid.
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AND as pointed out saved the entire industry, but recall what was done was done in concert with the Bush administration and it appears they did great.
I suppose 2008 economics did not stay with some !!!