Woohoo! We get to give GM another $45B!

[binö]

This would be hilarious if it weren't our tax money.

GM's tax break worth as much as $45 billion: filing - Yahoo! News

Good times.

meh it's kinda scandalous to make it seem like it's our money.
not really, it's GM's money that they've earned.
in order to keep the auto bizz stateside and other biz as well,
the taxes have to be friendly and competitive.
not a good time to see more business moving south/east/wtf direction they go now in days.
right?

 

[lander2312]

I am totally against Obama and pretty much all of his policies. However i wanted to say maybe we should look at this another way. In my local county I live in they offer basicaly no property taxes to any business that moves to the county for like 20years. I wish i didnt have to pay property taxes for 20 years. I bring this up not because I agree with giving 45billion to GM nor do I agree with giving 20 years free property taxes to a sausage plant, but i bring it up to say that GM is not being treated special......large companys get lots of tax breaks.

 

[binö]

I am totally against Obama and pretty much all of his policies. However i wanted to say maybe we should look at this another way. In my local county I live in they offer basicaly no property taxes to any business that moves to the county for like 20years. I wish i didnt have to pay property taxes for 20 years. I bring this up not because I agree with giving 45billion to GM nor do I agree with giving 20 years free property taxes to a sausage plant, but i bring it up to say that GM is not being treated special......large companys get lots of tax breaks.

are we really giving them 45b or allowing them to keep the money
they've earned?
i think the ladder...and it seems a good move imo

 

[mrplunkey]

meh it's kinda scandalous to make it seem like it's our money.
not really, it's GM's money that they've earned.
in order to keep the auto bizz stateside and other biz as well,
the taxes have to be friendly and competitive.
not a good time to see more business moving south/east/wtf direction they go now in days.
right?

Agree on this part, but it's got to be for everyone -- not just the car company that was taken-over by the government.

If they can't make it work under their own rules, change the rules for everyone.

 

[b0und]

I'm with the economic rationalists on this one.

Failing companies should fail, not be propped up by taxpayers. That includes Wall Street investment banks and GM.

Let them die, other companies will fill the void, people will still buy cars and shit.

Going along with the whole bailout just shows both sides of politics serve the rich.











b0und (2 cents)

 

[binö]

Agree on this part, but it's got to be for everyone -- not just the car company that was taken-over by the government.

If they can't make it work under their own rules, change the rules for everyone.

yep, hodgepodge of various loohoples and breaks for
certain stuff and not others is not business friendly at all.
think how much money has got to be spent on a legal team studying all this bs.

 

[mrplunkey]

yep, hodgepodge of various loohoples and breaks for
certain stuff and not others is not business friendly at all.
think how much money has got to be spent on a legal team studying all this bs.

And it's not really government's fault either. Of course they're going to screw-up anything they touch.

It's like handing an 8 year old a loaded revolver and then getting mad when something bad happens. What else would you expect?

 

[PICK3]

i think the ladder

*latter

you some kind of a fireman

 

[javaguru]

Chrysler got Toledo to use eminent domain to take the private property of unwilling homeowners for their new plant years ago along with numerous tax breaks, it was such a big deal Ralph Nader showed up. The new plant was so efficient they were able to cut their payroll tax to the city in half due to less employees needed.

Repost, How GM paid back their loan...

 

[mustang_00]

i think it would be cool to cum fire... like some sorta futuristic dragon human!! the only downfall i see is 3rd degree burning a chick. but, you'd figure they'd have some sort of immunity to it and it wouldn't effect them in a negative way.