Extending the Payroll Tax Cut

[dellinger63]

Originally Posted by Riot

Why is that "a catch"? They are paying it back, Obama saved the auto industry, and it was a resounding success and everyone knows it. It saved hundreds of thousands of jobs.

They are done paying it off get it and that's the catch. The 23.2% stake we have in GM (500 million shares) was it. If and only if GM gets to $52.60 will we be even. GM also announced this week it would be laying off salaried (white collar) employees.

BTW I just saw the Chevy Silverado (GM) was the second most popular vehicle in October but only rep. for GM.

Incidenty Ford, who received no, actually refused any bailout funds had the number one slot with the Ford F Series, the 4rth spot with the Escape, and the 6th spot with the Fusion. Only other American vehicle was the Dodge Ram.

Hope at least for our sake GM realizes the American public still wants trucks and SUV's and not golf cart like cars. Until our almost 1/4 share in GM is dissolved the Federal Government should refrain from making any regulations or changes to the auto industry to avoid even the appearance of any conflict of interest.