Did Obama Save GM?

[Procrustes Stretched]

Sure he can have the credit. What is going to happen with the over $900,000,000 which is the government's share? Also how much was the amount the of the bail out? Has the government broken even yet? How much of the debt was forgiven? (When you file for bankruptcy you usually do not have to pay everyone back the full amout.) Are we as a country going to benefit from this? How much of the profit was from cash for clunkers? If we take away those numbers does it still look good? There are a lot of numbers missing here.

hmmm, so has GM been socialized or saved or both? Has the American Automotive Industry as a whole benefited? You know -- all those smaller companies that live off of and depend for their very existence on, companies like GM?

Thank you for not answering one single question. HMMMMM Their are much much more businesses that do not depend on their very existence. Instead of assuming you know what I am talking about let me tell you. I want to know how much money was used to bail out GM and if that was included in the profit margin. I want to know if the cash for clunkers was a factor in the profit. (If it was a lot of government money was used to make a government business profitable.) Being profitable is relevant to the numbers you use. I would like to see those numbers.

I understand. The devil is in then details, but arguing over the process and ignoring the end result is an exercise in mental masturbation.

Whether or not industries rely on some or much government assistance is not the issue. Industries have a-l-w-a-y-s relied on government assistance. Always.

Now, for their very existence? That is another question, but using here is disingenuous at best. Maybe ignorant? Depending on government for ones very survival in times of trouble is as American as Apple Pie.

 

[Procrustes Stretched]

Did Obama Save GM?
GM Profit Rises to $1.54 Billion on Auto Sales Gains
GM Profit Rises to $1.54 Billion on Auto Sales Gains - BusinessWeek

For the longest time we have been subjected to wild rants about Obama 'taking over' GM. Socialism on the march!

Now it looks like GM is on the road to becoming a profitable private entity again -- thanks to Obama.

Does Obama get credit?

---

“Last year GM was shutting down plants when they filed” Chapter 11, said Wall, who is based in Grand Rapids, Michigan. “This summer, most of its U.S. plants were running full out.”

btw, is the above quote an example of the new generation of editors being dumbed down? who is 'Wall'?

let us try this again.

people say they want reasonable and rational discussion and debate.

 

[Gunny]

I'm not sure why you would consider me a "wingnut" for asking a question but okay...

You know, some times businesses fail. Sometimes they don't. Sometimes they fail and then come back. But, in my opinion, it is not the responsibility of the government to bail them out, no matter what their size. I was opposed the auto bailouts now, I was opposed to the Chrysler bailout of 1980, and I was opposed to the Bush bank bailout.

Oh, and I don't watch Fox News, well, except for Red Eye.

Of course you watch Fox News. Is a requirement if you aren't one of the sheeple blindly following the Obama Lama.

 

[Gunny]

Did Obama Save GM?
GM Profit Rises to $1.54 Billion on Auto Sales Gains
GM Profit Rises to $1.54 Billion on Auto Sales Gains - BusinessWeek

For the longest time we have been subjected to wild rants about Obama 'taking over' GM. Socialism on the march!

Now it looks like GM is on the road to becoming a profitable private entity again -- thanks to Obama.

Does Obama get credit?

---

“Last year GM was shutting down plants when they filed” Chapter 11, said Wall, who is based in Grand Rapids, Michigan. “This summer, most of its U.S. plants were running full out.”

btw, is the above quote an example of the new generation of editors being dumbed down? who is 'Wall'?

Seems to it was China that saved GM, if anyone. A debt the US taxpayers have to foot.

Obama CAN have credit for that though.

 

[rdean]

I'm not sure why you would consider me a "wingnut" for asking a question but okay...

You know, some times businesses fail. Sometimes they don't. Sometimes they fail and then come back. But, in my opinion, it is not the responsibility of the government to bail them out, no matter what their size. I was opposed the auto bailouts now, I was opposed to the Chrysler bailout of 1980, and I was opposed to the Bush bank bailout.

Oh, and I don't watch Fox News, well, except for Red Eye.

Of course you watch Fox News. Is a requirement if you aren't one of the sheeple blindly following the Obama Lama.

Are you talking about Arab owned Fox News?

Just as Steven Emerson believes that American universities using Saudi mega-money (often from Alwaleed) to set up Islamic studies departments should register as Saudi agents, I believe an American television outlet part-owned and part-influenced by the Saudi prince should, too.

Fox News Channel unbalanced by Saudi influence- The New Haven Register - Serving New Haven, Connecticut

$27 million to the families of Palestinian aka suicide bombers.

Arabs should focus more on penetrating U.S. public opinion as a means to influencing decision-making

How ironic that this same “bad guy” is now a News Corp. blood-money bags, a boss who must be handled with care as, for example, Fox News Channel host Neil Cavuto did in a deferential interview with him last month.

How does this influence the outlet’s coverage? It’s impossible to say. Alwaleed has bragged that it only took a phone call to ensure that Fox News Channel coverage of Muslim rioting in France not be described as “Muslim” rioting, a boast News Corp. has never denied.

This month, security analyst Joseph Trento, in light of recent negotiations between Alwaleed and Murdoch, mused online whether his own recent interview on “Fox & Friends” didn’t appear in the channel’s online video cache because he had told host Steve Ducey that “Saudi Arabian money was still financing al-Qaida.”

-----------------------

If I were going to bring down a country from within, I would attack everything the president did, and say anything to get the people riled up and hating their own country and then sit back and watch them tear each other up.

 

[haileydavey]

No arguing over the details in the case is not unwarranted. The profits are being stated but it is currently a government owned company. If the government invests 2 billion dollars into the company that is not counted as a debit and it makes 1.5 billion in profit then the government lost 1.1 billion dollars and the numbers are skewed. It is not a success that it is being paraded around as. Now if the company made 1.5 billion dollars in addition to the bailout and all debts then it is the success that we are seeing.

Your argument about accepting government help in times of trouble doe not mean you are a successful business. It means you are needing help to survive. It is also not my idea of America. I was not brought up to accept handouts from the government when times were tough. I was taught to tighten my belt and look for a way out.

 

[Procrustes Stretched]

No arguing over the details in the case is not unwarranted. The profits are being stated but it is currently a government owned company. If the government invests 2 billion dollars into the company that is not counted as a debit and it makes 1.5 billion in profit then the government lost 1.1 billion dollars and the numbers are skewed. It is not a success that it is being paraded around as. Now if the company made 1.5 billion dollars in addition to the bailout and all debts then it is the success that we are seeing.

Your argument about accepting government help in times of trouble doe not mean you are a successful business. It means you are needing help to survive. It is also not my idea of America. I was not brought up to accept handouts from the government when times were tough. I was taught to tighten my belt and look for a way out.

the purpose of the government helping out GM is siad to be part of an attempt by Obama and his socialist allies to take over America and make us a commie nation.

but even taking all your fears into consideration, the main idea about turning GM around is NOT to make a profit -- it is to make the company profitable enough to go private and reenter the market on it's own.

how that is done is irrelevant to many of us. We just want the industry saved. We care about keeping more people from ending up homeless and hungry and without jobs.

 

[GWV5903]

Couldn't of said it better!!!!

But you could HAVE said that better.

Why do all these new assholes have such font complexes????

Just like your messiah, pointing fingers in the wrong direction when you have nothing of substance to debate....

What is your fixation with assholes? Do you have a hard time getting pussy?!?!?!?!

 

[Procrustes Stretched]

But you could HAVE said that better.

Why do all these new assholes have such font complexes????

Just like your messiah, pointing fingers in the wrong direction when you have nothing of substance to debate....

What is your fixation with assholes? Do you have a hard time getting pussy?!?!?!?!

my problem is too much pussy

the pussies usually follow me around the boards

 

[Paulie]

the purpose of the government helping out GM is siad to be part of an attempt by Obama and his socialist allies to take over America and make us a commie nation.

Not everyone thinks the takeover of GM was a move towards communism. Some of us just think the government has no business bailing out a failing company with taxpayer dollars to begin with.

There's zero reason why GM couldn't have kept it a private matter, filed bankruptcy, and emerged with a new business plan.

It's not like something like that has never been done before.

All you really got out of the bailout was a quick fix, which still remains to be seen, that our grandchildren have to foot the bill for.

 

[midcan5]

He helped but we did it, all Americans who support American workers and American business. Our Buick is a beaut.

=================================

Join me Labor day weekend - get this out to the workers here in America.

I was riding home today after a middle distance bicycle ride, tired and a bit out of shape when I started counting cars, America - foreign, American - foreign. It occurred to me if only a small percentage of these people, the people who can afford more than a used clunker, bought American there would be no problems in one of our largest industries today. And lots of people would have a job and lots of businesses would be OK. May even help those incompetent bankers.

So I started giving thumbs up for American and thumbs down for foreign. Hard to distinguish which foreign car is made here, but no need I am a bit of a hard core American when it comes to cars. My '55' Chevy was my first love.

I'm sure the people thought me spastic, as my left hand thumb pointed up, then down, then up as cars drove by. Did anyone figure it out I wondered. Who is this nut! So if the whiners who lost the election can out of the blue, protest taxes, can we not protest something that has been going on for years due to cheaper prices, support structures, and no pensions, but still is having an insidious affect on our industrial base?

So if you own foreign go to you nearest mirror and give yourself a thumbs down and if you own American and thus support all of us and America, a thumbs up is due and thank you. Take to the streets and express yourself. The bankers thank you too.

Oh, and my bicycle is made in America too.

 

[Procrustes Stretched]

the purpose of the government helping out GM is siad to be part of an attempt by Obama and his socialist allies to take over America and make us a commie nation.

Not everyone thinks the takeover of GM was a move towards communism. Some of us just think the government has no business bailing out a failing company with taxpayer dollars to begin with.

There's zero reason why GM couldn't have kept it a private matter, filed bankruptcy, and emerged with a new business plan.

It's not like something like that has never been done before.

All you really got out of the bailout was a quick fix, which still remains to be seen, that our grandchildren have to foot the bill for.

I think it was more about saving an industry than bailing out any one company, and governments have a-l-w-a-y-s subsidized and made policy favorable to national industries,

if you believe there were zero reason why GM couldn't or shouldn't have gone the route they did, you are either being disingenuous or you are ignorant of the arguments a few years ago as the economy was unraveling at a frightening rate.

 

[Truthmatters]

Ford said that saving GM and the others helped them stay afloat. Their suppliers would have died without the business.

 

[Procrustes Stretched]

Did GM need saving?

Ford seems to be doing just fine, even better than GM, and they didn't take a dime...

How's Chrysler doing? Didn't they take government money? Why does no one ever mention Chrysler?

truthie called you out.

Ford said that saving GM and the others helped them stay afloat. Their suppliers would have died without the business.

 

[Avorysuds]

Did GM need saving?

Ford seems to be doing just fine, even better than GM, and they didn't take a dime...

How's Chrysler doing? Didn't they take government money? Why does no one ever mention Chrysler?

truthie called you out.

Ford said that saving GM and the others helped them stay afloat. Their suppliers would have died without the business.

Until it happens it's all talk... In the end it's nice to see liberals now supporting big evil companies. You want better cars? Well you won’t get them because they just got saved for making crap. Glad to see you hate the environment.

You guys will never understand the free markets and the long team good it creates.

I’m sure if 2 of the car companies went under everyone else would have tossed up their hands and closed shop. Hey, I don’t need to eat anyway! Oh that’s right, Obama is paying people indefinitely to not work.

You really should be carefull who you side with, TM, really?

 

[Avorysuds]

Maybe ford would have got MORE SALES INCREASEING THEIR DEMAND TO THE COMPANIES THAT MAKE SHIT FOR THEM!
No no, if 2 car companies were out of the race then obviously less cars would just be bought, and by less I mean exactly the amount GM and Chrysler sell…

 

[Procrustes Stretched]

Did GM need saving?

Ford seems to be doing just fine, even better than GM, and they didn't take a dime...

How's Chrysler doing? Didn't they take government money? Why does no one ever mention Chrysler?

truthie called you out.

Ford said that saving GM and the others helped them stay afloat. Their suppliers would have died without the business.

Until it happens it's all talk... In the end it's nice to see liberals now supporting big evil companies. You want better cars? Well you won’t get them because they just got saved for making crap. Glad to see you hate the environment.

You guys will never understand the free markets and the long team good it creates.

I’m sure if 2 of the car companies went under everyone else would have tossed up their hands and closed shop. Hey, I don’t need to eat anyway! Oh that’s right, Obama is paying people indefinitely to not work.

You really should be carefull who you side with, TM, really?

thanks once again for proving de-institutionalization was a mistake.

 

[rdean]

Did GM need saving?

Ford seems to be doing just fine, even better than GM, and they didn't take a dime...

How's Chrysler doing? Didn't they take government money? Why does no one ever mention Chrysler?

For the remainder of 2010, Chrysler is projecting to at least break-even as it starts to sell the new Jeep in volume and brings a number of new and revised products to showrooms after a long drought. The revamped Dodge Charger and Chrysler 300 will be joined by the Fiat 500 by the end of this year, and several other vehicles get major interior upgrades. Depending on how things go in the current quarter, Chrysler says it expects to probably bump up its projections for the second half of the year.

Chrysler reports $183M second quarter operating profit, $172 million loss overall — Autoblog

 

[Yurt]

dante must consider two things:

1. bush is the one who gave them the huge initial bailout money. i know this really hurts dante, but he must accept facts at some point in his life and stop trying to give obama all the credit and bush all the blame.

2. it is way, way too early to even proclaim they are saved. if they are saved, let's talk in a couple of years and see if they pull a chrysler from the 80's. handing a company billions of dollars might see a temporary gain, but only time will tell if they pull out.

i still think they should have been allowed to fail.

 

[Avorysuds]

truthie called you out.

Until it happens it's all talk... In the end it's nice to see liberals now supporting big evil companies. You want better cars? Well you won’t get them because they just got saved for making crap. Glad to see you hate the environment.

You guys will never understand the free markets and the long team good it creates.

I’m sure if 2 of the car companies went under everyone else would have tossed up their hands and closed shop. Hey, I don’t need to eat anyway! Oh that’s right, Obama is paying people indefinitely to not work.

You really should be carefull who you side with, TM, really?

thanks once again for proving de-institutionalization was a mistake.

Np. Till you can get some help again maybe you shouldn't post on the internet?