As if being bailed out by the federal government, pretending to pay it back, and effectively becoming Government Motors wasn’t enough.. now GM gets to avoid paying taxes too, thanks to it’s sweetheart bailout deal. Of course, since GM is Government Motors, I guess having government pay taxes to itself is kind of redundant. On [...]
Posts Tagged ‘gm’
Being Government Motors Means No Tax Bill
March 5th, 2011 
Aaron Turpen 
Posted in Bureaucrats Gone Wild, Car Company 
Tags: bailout, gm, government motors, taxes 
2 Comments »Government Motors Becomes Less So, Thanks to Bush
November 18th, 2010 Aaron Turpen Well, Government Motors (GM) has gone public, opening their sorry company up for public purchase through an initial public offering (IPO). This means that private investors can now buy into the government-owned company (owned by the U.S. government to the tune of 60%). This was a big deal in the automotive media and was supposedly [...]
Got Plans for That $80-odd Billion Investment?
May 23rd, 2010 Aaron Turpen The Government Accounting Office, which is (supposedly) non-partisan and may or may not have a stalwart track record in accurate accounting,* has released some information that is a little less than reassuring to those banking on the auto industry’s bailout billions being recouped. The GAO interviewed a bunch of experts in the financial and auto [...]
GM Recalls 1.3 Million Cars, Nobody Cares
March 3rd, 2010 Aaron Turpen Most people know about the Toyota recalls for faulty brakes and accelerator pedals. It’s been all over the news, the CEO of Toyota had to appear before Congress to explain his company’s (supposed) lack of response to this “serious safety concern” and whatever else. Meanwhile, Government Motors has recalled 1.3 million vehicles for a potentially [...]
Posted in Car Company Tags: chevrolet, general motors, gm, government motors, pontiac, recall, toyota 3 Comments »
