General Motors Is Headed For Bankruptcy -- Again

[bigrebnc1775]

so? What does that have to do with anything?

Bailing out GM was a temporary fix and cost us billions strictly for political gain of Obama. Only a fool did not know that the US auto industry could not compete with the world industy overall.

It proves that the downturn in auto stocks in the last year and a half is unrelated to the bailout.

Ford didn't get a bailout. Why would need to point these things out to you? Are you that out of it?

Are you really so dense that you dont see the difference here?

Yes

 

[NYcarbineer]

GM stock is up 10% in the last ten days. That's hardly the stock action of a company that's allegedly headed for bankruptcy.

 

[bigrebnc1775]

It proves that the downturn in auto stocks in the last year and a half is unrelated to the bailout.

Ford didn't get a bailout. Why would need to point these things out to you? Are you that out of it?

Are you really so dense that you dont see the difference here?

I see that if Ford and GM stock are behaving comparably, and one company was bailed out and one company wasn't,

then it isn't some fault of the bailout that's causing the stock action.

Ford didn't take the bailout nor did they ask for one, GM did. It is irrelevant what Ford is doing

 

[bigrebnc1775]

GM stock is up 10% in the last ten days. That's hardly the stock action of a company that's allegedly headed for bankruptcy.

Right now, the government’s GM stock is worth about 39% less than it was on November 17, 2010, when the company went public at $33.00/share. However, during the intervening time, the Dow Jones Industrial Average has risen by almost 20%, so GM shares have lost 49% of their value relative to the Dow.

 

[NYcarbineer]

You said


Being in the hole for $16.4 billion is not a huge revenue boost, I call it a lose.

Do you not understand that a person working pays more taxes than a person not working?

What part of being in the hole for $16.4 billion is not a huge revenue boost, do you not comprehend? All that was saved was GM's union pension plan,.

You're claiming then that the 16.4 billion unrealized loss to the taxpayers is a NET loss that takes into account the increased tax revenues gained from preventing the liquidation of GM and the job losses that would have accompanied that?

Prove it.

 

[bigrebnc1775]

Do you not understand that a person working pays more taxes than a person not working?

What part of being in the hole for $16.4 billion is not a huge revenue boost, do you not comprehend? All that was saved was GM's union pension plan,.

You're claiming then that the 16.4 billion unrealized loss to the taxpayers is a NET loss that takes into account the increased tax revenues gained from preventing the liquidation of GM and the job losses that would have accompanied that?

Prove it.

You want me to prove what has already be linked in the op? What a fucking nut case you are.
your claiming a lose is a huge revenue boost.

 

[NYcarbineer]

GM stock is up 10% in the last ten days. That's hardly the stock action of a company that's allegedly headed for bankruptcy.

Right now, the government’s GM stock is worth about 39% less than it was on November 17, 2010, when the company went public at $33.00/share. However, during the intervening time, the Dow Jones Industrial Average has risen by almost 20%, so GM shares have lost 49% of their value relative to the Dow.

So? So is Ford down.

 

[007]

GM stock is up 10% in the last ten days. That's hardly the stock action of a company that's allegedly headed for bankruptcy.

The WHOLE POINT of this thread, is that the GOVERNMENT should NEVER have bailed out a CAR COMPANY!

And don't play STUPID, because we ALL KNOW that what REALLY happened was the UNIONS got paid off, THEY took all the money, NOT the COMPANY.

That was no kind of a fix at all, and that money will run out and GM will right back where it was when it took the government money to pay off the unions.

THAT is the crux of what is going on with GM, and the American tax payers taking it up the ass to save the unions is because of the SHIT STAIN IN THE WHITE HOUSE.

Now dispute that, but realize first, you'll just be illustrating in no uncertain terms that you are one, a liar, and two, an idiot.

 

[bigrebnc1775]

GM stock is up 10% in the last ten days. That's hardly the stock action of a company that's allegedly headed for bankruptcy.

Right now, the government’s GM stock is worth about 39% less than it was on November 17, 2010, when the company went public at $33.00/share. However, during the intervening time, the Dow Jones Industrial Average has risen by almost 20%, so GM shares have lost 49% of their value relative to the Dow.

So? So is Ford down.

Ford is irrelevant.

 

[NYcarbineer]

What part of being in the hole for $16.4 billion is not a huge revenue boost, do you not comprehend? All that was saved was GM's union pension plan,.

You're claiming then that the 16.4 billion unrealized loss to the taxpayers is a NET loss that takes into account the increased tax revenues gained from preventing the liquidation of GM and the job losses that would have accompanied that?

Prove it.

You want me to prove what has already be linked in the op? What a fucking nut case you are.
your claiming a lose is a huge revenue boost.

The word is 'loss' you retard.

I claimed that people working pay more taxes than people who aren't not? If you dispute that,

let's hear it.

 

[Papageorgio]

Do you not understand that a person working pays more taxes than a person not working?

What part of being in the hole for $16.4 billion is not a huge revenue boost, do you not comprehend? All that was saved was GM's union pension plan,.

You're claiming then that the 16.4 billion unrealized loss to the taxpayers is a NET loss that takes into account the increased tax revenues gained from preventing the liquidation of GM and the job losses that would have accompanied that?

Prove it.

How about proving you really care about GM and it's workers? Because you are uttering complete bull shit that you do. You don't own a GM vehicle bought with in the last couple years and I bet you don't even own or are willing to buy their stock. So all you are doing is bitching at the right and you yourself have done nothing.

You are a hypocrite.

 

[bigrebnc1775]

You're claiming then that the 16.4 billion unrealized loss to the taxpayers is a NET loss that takes into account the increased tax revenues gained from preventing the liquidation of GM and the job losses that would have accompanied that?

Prove it.

You want me to prove what has already be linked in the op? What a fucking nut case you are.
your claiming a lose is a huge revenue boost.

The word is 'loss' you retard.

I claimed that people working pay more taxes than people who aren't not? If you dispute that,

let's hear it.

We're talking about saving union pension plans and even after GM was bailed out they laid people off and sent jobs to china and built plants in Mexico.

 

[Jarhead]

You're claiming then that the 16.4 billion unrealized loss to the taxpayers is a NET loss that takes into account the increased tax revenues gained from preventing the liquidation of GM and the job losses that would have accompanied that?

Prove it.

You want me to prove what has already be linked in the op? What a fucking nut case you are.
your claiming a lose is a huge revenue boost.

The word is 'loss' you retard.

I claimed that people working pay more taxes than people who aren't not? If you dispute that,

let's hear it.

For the taxpayer to spend 150K in tax money to pay a worker 50K in salary who in turn pays 15K in taxes results in a net loss of 135K in tax revnue.

But before you argue the 150K number....I will make it easier for you to understand with nothing to argue...

To spend 30K in taxes to generate a job for 50K for the employee to then pay 15K in taxes results in a 15K loss in tax revenue

So you can use all the talking points you want....but when logic comes into the debnate, you have nothing to argue.

 

[Shelzin]

Another obama success.

Right now, the federal government owns 500,000,000 shares of GM, or about 26% of the company. It would need to get about $53.00/share for these to break even on the bailout, but the stock closed at only $20.21/share on Tuesday. This left the government holding $10.1 billion worth of stock, and sitting on an unrealized loss of $16.4 billion.

Right now, the government’s GM stock is worth about 39% less than it was on November 17, 2010, when the company went public at $33.00/share. However, during the intervening time, the Dow Jones Industrial Average has risen by almost 20%, so GM shares have lost 49% of their value relative to the Dow.

General Motors Is Headed For Bankruptcy -- Again - Forbes

So......... Don't sell the shares yet.

Whoa... Déjà vu

 

[bigrebnc1775]

Another obama success.

Right now, the federal government owns 500,000,000 shares of GM, or about 26% of the company. It would need to get about $53.00/share for these to break even on the bailout, but the stock closed at only $20.21/share on Tuesday. This left the government holding $10.1 billion worth of stock, and sitting on an unrealized loss of $16.4 billion.

Right now, the government’s GM stock is worth about 39% less than it was on November 17, 2010, when the company went public at $33.00/share. However, during the intervening time, the Dow Jones Industrial Average has risen by almost 20%, so GM shares have lost 49% of their value relative to the Dow.

General Motors Is Headed For Bankruptcy -- Again - Forbes

So......... Don't sell the shares yet.

Whoa... Déjà vu

Having all those shares are what in the great schema of things when that company is going to go bankrupt?

 

[LogikAndReazon]

The increased tax revenues from saving GM ???

What about the hundreds of billions taken from the treasury to "save" GM and other companies like it ?

Who are these mindless dimwits.............

 

[thanatos144]

GM stock price as of right now is 22.00 a share

Ford is at 9.67 a share

Only one that matters is GM who was subject to a hostile takeover by the government. This was our money wasted so a bunch a whiny union bitches get their money so they can then reroute it to the democrat party.....Use to be money laundering was illegal.

 

[HereWeGoAgain]

It proves that the downturn in auto stocks in the last year and a half is unrelated to the bailout.

Ford didn't get a bailout. Why would need to point these things out to you? Are you that out of it?

Are you really so dense that you dont see the difference here?

I see that if Ford and GM stock are behaving comparably, and one company was bailed out and one company wasn't,

then it isn't some fault of the bailout that's causing the stock action.

Oh I get it. You're saying it was a waste of tax payer dollars since the end result is he same with no benefit to anyone but the unions. OK now that makes sense.

 

[there4eyeM]

Just so this is clear, the reason GM was making the wrong cars was because unions make labor too expensive?

Saving GM instead of nationalizing it as any normal country would was socialist?

Collectivizing the losses of the 'too-big-to-failers' was not socialist?

 

[tinydancer]

Wow. They've sold 7,000 cars this year. Fuckin eh! Everyone do cartwheels. Cheer!

YAY. What a success! It's just awesome. Source is NPR so any liberal douche wants to challenge the numbers go after NPR.

June 18, 2012

General Motors is pinning some of its hopes for the future on its gas-electric hybrid the Chevy Volt. After a slow start last year, Volt sales are beginning to pick up. According to Edmunds.com, Volt sales so far this year are almost level with all of last year's sales. GM has sold about 7,000 of the hybrids.

Chevy Volt Sales Begin To Show Improvement : NPR