The auto bailout didn’t work. We’ll never get back the money we sank into it (which also included about $14 billion to GMAC, now known as Ally Bank). The bailout did nothing that a normal Chapter 11 wouldn’t have done, except a normal Chapter 11 wouldn’t have saddled GM with some of the old union contracts. The main reason GM is profitable now is that they were allowed to re-write some of the most egregious contracts, but also because the Obama administration overturned a century of precedent and stole tens of billions of dollars from secured debt holders (like public sector pension plans) by forcing them to accept pennies on the dollar. But why would a liberal let facts get in the way?
dataweaver almost 13 years ago
Wow; there goes Kevin’s campaign.
chireef almost 13 years ago
perhaps the republican party has “jumped the shark”
randayn almost 13 years ago
I like the snake’s reactions.
doc white almost 13 years ago
Poor shark.
robm almost 13 years ago
Or maybe Scott finally realizes this whole story line is shot? We can only hope.
KPOM almost 13 years ago
Was Kevin wearing a “Fonzie” jacket?
Happy, happy, happy!!! Premium Member almost 13 years ago
wow. he truly is evil.
GregTrail_ImaDillo almost 13 years ago
Aw, man… I was hoping Kevin would be offed from this strip once and for all…
KPOM almost 13 years ago
Why do you mention the president’s race?
The auto bailout didn’t work. We’ll never get back the money we sank into it (which also included about $14 billion to GMAC, now known as Ally Bank). The bailout did nothing that a normal Chapter 11 wouldn’t have done, except a normal Chapter 11 wouldn’t have saddled GM with some of the old union contracts. The main reason GM is profitable now is that they were allowed to re-write some of the most egregious contracts, but also because the Obama administration overturned a century of precedent and stole tens of billions of dollars from secured debt holders (like public sector pension plans) by forcing them to accept pennies on the dollar. But why would a liberal let facts get in the way?
tigre1 almost 13 years ago
yeah, and you probably think the Keystone Cops Pipeline is a good deal for Americans, too.
dougdash almost 13 years ago
When you run out of facts, use the “Race Card.”