Does President Obama get credit for saving GM?

Discussion in 'Politics' started by Dante, Jul 31, 2012.

  1. Dante
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    Dante On leave Supporting Member

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    Does President Obama get credit for saving GM?
    Here is an old thread OP. Started out fine...

    I don't have the latest stats handy, but the conversation can go forward as is: Did Obama save GM and does he deserve credit, and if not, why not?

    :eusa_whistle:


    note: old links broken or..

    anyway: GM Profit Rises to $1.54 Billion, Plans IPO Up to $16 Billion - Bloomberg
     
    Last edited: Jul 31, 2012
  2. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    It would be nice if they were actually a success story, but then again, it was destined for failure from the start.:eusa_whistle:
     
  3. eflatminor
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    eflatminor Classical Liberal

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    We should ask the bondholders who took it up the bum that question...or the US taxpayers that still "own" a quarter of the company.

    GM should have gone through bankruptcy like any other company that could no longer compete.

    But hey, that Volt is sure turn things around...:eusa_whistle:
     
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  4. Dante
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    Dante On leave Supporting Member

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    The Volt? How is GM doing?
     
  5. Dante
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    Dante On leave Supporting Member

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    Are bailouts or bankruptcy considered failure? Lee Iacocca? Donald Trump?
     
  6. Dante
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    Dante On leave Supporting Member

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    Did bondholders in general, suffer during the economic crisis of 2007?
     
  7. Firehorse
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    Firehorse Free Thinker

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    Obama gets credit for GM when he gives Romney credit for Staples and the many company's he 'saved'
     
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  8. eflatminor
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    eflatminor Classical Liberal

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    I would hope pretty well after getting nearly $50 billion of other people's money. Christ!

    The point is, I don't care how they're doing. That's a concern for GM's employees, business partners and stakeholders. They should have faced bankruptcy just like anyone else. It was a gift to unions, a butt fuck for bondholders and taxpayers.
     
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  9. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    Yes....


    But one is the right way, and the other is the wrong way.

    We the taxpayers should not be stuck holding the bag on this... the unions should pay for what they did, and GM should pay for getting in bed with them.

    Any grade school student could see it is all unsusatinable in the long run.

    The union goons are in for the short term.
     
  10. Dante
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    Dante On leave Supporting Member

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    I was unaware President Obama ever refused to give Romney credit for Staples or any other Bain success story. Could you please point to a credible and reliable source where you can back up your accusation?

    And, are you saying President Obama saved GM, but you refuse to give credit where credit is due because of some petty political argument?

    :eusa_whistle:
     

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