• ede Posted: 11/25/2009 1:47pm PST

    You mean WE gave GM an early holiday gift? Shouldn't we all get free cars by now with all the money the taxpayers have given them?

  • automaan Posted: 11/25/2009 1:59pm PST

    with $50 billion at $1billion per quarter that would take GM 20 years ( including interest) to pay us back - any one ready to commit they will be around for that long?

  • Allan Posted: 11/25/2009 2:20pm PST

    Just in time for the feds to pay off some debt of their own!

  • richard avatar Richard Posted: 11/25/2009 3:21pm PST

    @Automan: that's not quite how the debt has been structured. More details here: http://ow.ly/FHAD

  • Halfback Robert Posted: 11/25/2009 6:11pm PST

    Good news, clearly, although more "a step in the right direction" than a meaningful amount. But it will take a long, long time to allay the cynicism heard among many quarters, including commenters above. Thankfully, the car-buying public hasn't published GM for the bailout as much as their fairly pessimistic financial models had assumed, proving (once more) that if the cars are good, people will buy them from anyone, be they people we beat in WW2 (Germans, Japanese), people we barely knew of before the Korean War (Korea), and even U.S. companies that have gone through bankruptcy (Chrysler, GM, though perhaps not Chrysler again).