E Thomas St.

GMAC: Happy to Lend You Some of Your Own Money

Wouldn't it be more efficient to simply hand all tax payers a share of 5 billion dollars instead of loaning 5 billion dollars to a company that has no financial plan and overhead to boot? Think before you type.


On Dec 31 11:27 AM uncle bubba wrote:

> One last thought, with the government using the TARP funds to help
> GM this program may do what it was intended to do. The economy is
> slow due in large part to people not buying, not putting dollars
> through the system. If Joe six pack buys a car, the dealer profits,
> the manufacturer profits. Those profits are paid to employes who
> in turn spend at the local resturant and stores and the economy starts
> working its magic as the dollars turn. This seems to me to achieve
> the ends envisioned by the congress as opposed to the banks who have
> held on to their funds to make the balance sheet look better without
> putting the money into the economy.