The person who was humiliated on the GM closures was Obama who handed over billions for nothing. What a terrible deal by a terrible president. Imagine the GM executives laughing after they made that deal with Obama then awarded themselves 10s of millions in bonuses. What a fool Obama was.

APRIL 30, 2014: U.S. government says it lost $11.2 billion on GM bailout
https://www.reuters.com/article/us-autos-gm-treasury-idUSBREA3T0MR20140430

Nice diversion. Why do you always try to change the subject?

Trump looked like an utter fool today.

I didn’t try to change the subject. Obama didn’t just look like a fool. He proved it by flushing billions down the drain. Trump can only do so much to bail Obama out of his bad deals. With Paris Climate and Iran Trump was able to get out of. GM already spent the 11 billion so too late on that.

You changed the subject again! The subject is Trump looking like a fool today, just to make that clear to you.

Nope the subject was Xi looking like a fool due to Trump. Then it was noted Xi has a dog face and the Chinese populace is dumb. You brought up GM and then the discussion turned to the fool Obama who gave GM 11 billion for nothing which Trump is trying to solve like the other Obama mistakes he inherited. Try to keep up.

So still nothing to refute the fact that Trump looked like an utter fool. He doesn’t even know what subsidies GM benefits from and neither does he have the power to revoke them (which wouldn’t be necessary anyway because they expire pretty soon).

But for your education it was Bush who started the bailout of US automakers in December 2008 under the TARP. You can try and blame Obama for that but it’d be a little unfair given that he hadn’t taken office at that point. You also seem to think that the US government made an investment in GM with an expectation of profit. They did not. It was a bailout to save the industry from going under.

Why do you people always want the white man to believe in climate change?

The expectation was not to lose 11 billion and then have the plants shutdown anyway. At least I hope that was not the expectation, but who knows with a moron like Obama.

01/07/15 Obama: Auto bailout ‘was the right thing to do’

The auto bailouts, which were initiated by former President George W. Bush but largely overseen by Obama, were unpopular at the beginning of the Obama administration. The president has moved to take credit for the bailouts

https://thehill.com/policy/transportation/228836-obama-auto-bailout-was-the-right-thing-to-do

Of course Bush’s bailoutwas the right thing to do. The companies still exist, don’t they? You make it sound like they shut all the plants down – they didn’t.

And, yes, there was an expectation of losing significant amounts of money in order to save thousands of jobs.

I bet you’ll try and blame Obama for the fact that GM’s inputs now cost more as a result of the tariffs and, like any reasonable business, they’re adapting to accommodate them?

“The companies still exist, don’t they?”

If GM was let go bankrupt a new company would have come in and built cars people wanted, more efficiently, without all the legacy costs. Not Impala’s and the Chevy Cruz’s. The only reason cars like this exist is due to government intervention. That only lasts so long. You lefties will never learn. The more you try to fix things the more you screw things up. Obama and Trudeau have proved that time and time again. Bombardier is next. All at tax payers expense.

Ah, “legacy costs”. That would be code for pensions. So you’re saying GM should have gone bankrupt, screwing over many tens of thousands of pensioners. I guess those billions were good for something besides executive bonuses after all.

See above comment.

Can’t find it?

FUCK OFF

Everybody hates China because of their actions and treatment of people.

That’s not rasict even though you will loudly proclaim it is.

In case you missed above,

FUCK OFF

Stay away from the booze, loser.

And of course here in Canada, it was Harper who spent our tax money on the GM Canada bailout. And then sold those shares at a big loss so he could claim he balanced the budget before the election.