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11 billion dollar loss
in libtard world win win
Despite the $11 billion loss on the GM bailout, the Treasury Department was quick to point out that it has recovered a total of $432.7 billion on all investments under the Troubled Asset Relief Program (TARP) – including the sale of its shares in AIG –compared to $421.8 billion disbursed. Treasury said it will continue to wind down the remaining investments”in a manner that balances maximizing the taxpayer’s return on investments with the speed of our exit.”
They are still on the hook for roughly 10 billion. Anyone paying attention already knew this
No, they aren't "on the hook" for it. They're done. TARP was a success, the government recouped it's losses and the US auto industry was saved in the process. Tell us again how that's bad...and Obama's fault.
You're an idiot and dismissed
You righties hate any good news for America .
You righties hate any good news for America .
Unfortunately if you break out the numbers the US auto industry kind of sucked hind tit. Take a peek at the Hot list, Top 20 and Market Share list at the link. Honda import cars up 347.1% other imports did very well also.
Auto Sales - Markets Data Center - WSJ.com
You righties hate any good news for America .
Unfortunately if you break out the numbers the US auto industry kind of sucked hind tit. Take a peek at the Hot list, Top 20 and Market Share list at the link. Honda import cars up 347.1% other imports did very well also.
Auto Sales - Markets Data Center - WSJ.com
Better check those stats closely because Honda builds a LOT of cars here in the US.
Maybe GM can now repay all the money they owe the US taxpayer?
You righties hate any good news for America .
Unfortunately if you break out the numbers the US auto industry kind of sucked hind tit. Take a peek at the Hot list, Top 20 and Market Share list at the link. Honda import cars up 347.1% other imports did very well also.
Auto Sales - Markets Data Center - WSJ.com
Better check those stats closely because Honda builds a LOT of cars here in the US.
Had you gone to the link you would have seen they breakout the numbers between domestic and import. Don't tell me to do something when you didn't bother to open and read the link.
You righties hate any good news for America .
Unfortunately if you break out the numbers the US auto industry kind of sucked hind tit. Take a peek at the Hot list, Top 20 and Market Share list at the link. Honda import cars up 347.1% other imports did very well also.
Auto Sales - Markets Data Center - WSJ.com
Better check those stats closely because Honda builds a LOT of cars here in the US.
Had you gone to the link you would have seen they breakout the numbers between domestic and import. Don't tell me to do something when you didn't bother to open and read the link.
Pardon moi!
11 billion dollar loss
in libtard world win win
Despite the $11 billion loss on the GM bailout, the Treasury Department was quick to point out that it has recovered a total of $432.7 billion on all investments under the Troubled Asset Relief Program (TARP) – including the sale of its shares in AIG –compared to $421.8 billion disbursed. Treasury said it will continue to wind down the remaining investments”in a manner that balances maximizing the taxpayer’s return on investments with the speed of our exit.”
They are still on the hook for roughly 10 billion. Anyone paying attention already knew this
No, they aren't "on the hook" for it. They're done. TARP was a success, the government recouped it's losses and the US auto industry was saved in the process. Tell us again how that's bad...and Obama's fault.
You're an idiot and dismissed
Ta Da! And now we have the pat Sassy's been spanked response!
Actually bush started the bailouts, dumbassThanks Obama ! He saved the car industry and now it's booming !
U.S. auto sales touched a new high in 2015 as easy credit, hot new vehicles and strong consumer confidence pushed sales slightly above the record set in 2000, industry data showed Tuesday.
Some 17.47 million vehicles were sold in the United States last year, nearly 70,000 more than the record set 15 years earlier, according to Autodata.
Sales were up six percent from the 16.52 million vehicles registered in 2014.
The boom comes after sales collapsed to lows not seen in decades in the wake of the 2008 financial crisis which knocked General Motors and Chrysler into bankruptcy.
That downturn accelerated much-needed restructuring at the Detroit Three carmakers, which began racking in record profits when the economy improved and sales started climbing again.
Read more: US Auto Sales Score New High in 2015
Important: Can you afford to Retire?
U.S. auto industry is a major part of our economy . And guess what, THEY PRODUCE A PRODUCT ! Gasp!!!
Over 1.5 million US jobs saved with the GM bailout that the Federal Reserve lost $10.6 billion on. That is $7k per job which was more than paid back in income, payroll & earnings taxes not to mention the money we saved by not having to pay out unemployment, food stamps, medicaid, bankruptsies, etc on those 1.5 million workers.
GM fell into bankruptcy because corporate bet it all on trucks when gas & diesel prices soared & deregulation of wallstreet banks that tanked pension funds. The unions did not take down GM.
Over 1.5 million US jobs saved with the GM bailout that the Federal Reserve lost $10.6 billion on. That is $7k per job which was more than paid back in income, payroll & earnings taxes not to mention the money we saved by not having to pay out unemployment, food stamps, medicaid, bankruptsies, etc on those 1.5 million workers.
GM fell into bankruptcy because corporate bet it all on trucks when gas & diesel prices soared & deregulation of wallstreet banks that tanked pension funds. The unions did not take down GM.
Keep telling yourself that, I had family working at GM, they would come to our house a thousand miles from the plant on vacation, while one of their friends punched them in and out every day. Another was a plumber in a plant and was making 6 figures with overtime. He was so fat he couldn't climb a ladder because they weren't rated for his weight. All were protected by the union, even when the defrauded the company. That went on from the mid 60's to the mid 90's when my last relative retired.
Over 1.5 million US jobs saved with the GM bailout that the Federal Reserve lost $10.6 billion on. That is $7k per job which was more than paid back in income, payroll & earnings taxes not to mention the money we saved by not having to pay out unemployment, food stamps, medicaid, bankruptsies, etc on those 1.5 million workers.
GM fell into bankruptcy because corporate bet it all on trucks when gas & diesel prices soared & deregulation of wallstreet banks that tanked pension funds. The unions did not take down GM.
Keep telling yourself that, I had family working at GM, they would come to our house a thousand miles from the plant on vacation, while one of their friends punched them in and out every day. Another was a plumber in a plant and was making 6 figures with overtime. He was so fat he couldn't climb a ladder because they weren't rated for his weight. All were protected by the union, even when the defrauded the company. That went on from the mid 60's to the mid 90's when my last relative retired.
We know you can't see the facts due to your blind hatred of a few lazy union workers.
FACT: In 2007 GM had way overproduced trucks with a glut of over 153 days supply even while trying to sell them at a $5,000 discount.
Do you honestly believe GM would have been spared bankruptcy or bailout if those lazy union workers would have climbed their ladder & worked harder to overproduce more?
The Bush Republicans, Wallstreet & CEO's caused the economic collapse & demise of GM.
Over 1.5 million US jobs saved with the GM bailout that the Federal Reserve lost $10.6 billion on. That is $7k per job which was more than paid back in income, payroll & earnings taxes not to mention the money we saved by not having to pay out unemployment, food stamps, medicaid, bankruptsies, etc on those 1.5 million workers.
GM fell into bankruptcy because corporate bet it all on trucks when gas & diesel prices soared & deregulation of wallstreet banks that tanked pension funds. The unions did not take down GM.
Keep telling yourself that, I had family working at GM, they would come to our house a thousand miles from the plant on vacation, while one of their friends punched them in and out every day. Another was a plumber in a plant and was making 6 figures with overtime. He was so fat he couldn't climb a ladder because they weren't rated for his weight. All were protected by the union, even when the defrauded the company. That went on from the mid 60's to the mid 90's when my last relative retired.
We know you can't see the facts due to your blind hatred of a few lazy union workers.
FACT: In 2007 GM had way overproduced trucks with a glut of over 153 days supply even while trying to sell them at a $5,000 discount. The home building bust & high fuel prices meant people did not want trucks. They wanted high fuel mileage vehicles.
Do you honestly believe GM would have been spared bankruptcy or bailout if those lazy union workers would have climbed their ladder & worked harder to overproduce more?
I have repaired vehicles & for 40 years. In all that time I have never found a failure caused from it being assembled incorrectly by a union assembly line worker. Every failure was from bad design from corporate. They chose to eliminate the $10 transmission cooler that would have prevented 90% of their transmission failures. They also chose to build vehicles designed vehicles to guzzle more gas than their competitors.
The Bush Republicans, Wallstreet & CEO's caused the economic collapse & demise of GM. They also allowed GM's competitors to cheat on emissions test to increase their vehicles power & fuel efficiency while lowering their R&D & manufacturing cost.
