Gm bailout worked and worked.

[LilOlLady]

GM BAILOUT WORKED AND WORKED.

GM posts record profit 2 years after bankruptcy
By Chris Isidore@CNNMoneyFebruary 16, 2012:

The federal assistance probably saved about 1.5 million jobs, according to an estimate from the Center for Automotive Research, and prevented GM, Chrysler and many U.S. parts suppliers from being forced out of business, which would have been a huge blow for tax revenue. All the major U.S. automakers are again hiring, and further job gains are forecast in the coming years.

GM posts record earnings for 2011 - Feb. 16, 2012

GM workers receive record bonuses
Updated: Friday, 17 Feb 2012,

GM earned a record $7.6 billion in 2011. Despite the record profit, critics say we shouldn't forget that just a couple of years ago about $50 billion of taxpayer money was spent to save GM from bankruptcy. Nearly half of the money has been recovered.
Thursday they announced, 47,500 blue collar workers, many who took pay cuts because of the bailout, would be getting a $7,000 profit sharing check.

GM workers receive record bonuses | WIVB.com

G.E. made record 14.2 billion profit in 2010 and claimed a tax benefit of 3.2billion.
G.E. made record 14.2 billion profit in 2010 and claimed a tax benefit of 3.2billion. - Sherdog Mixed Martial Arts Forums

Many of the nation's preeminent companies have posted massive increases in profits this year. General Electric posted worldwide profits of $14.2 billion, while profits at JPMorgan Chase were up 47 percent to $4.8 billion.
Corporate Profits At All-Time High As Recovery Stumbles

 

[occupied]

If that's socialism then we need more of it.

 

[Rozman]

I don't see many Libs talk about the Ford bailout as much as they talk about
the bailout for GM...

I wonder why that is?

 

[paulitician]

Corporate Welfare is nothing to celebrate. Shame on you OWS/Democrat hypocrites.

 

[DaGoose]

I don't see many Libs talk about the Ford bailout as much as they talk about
the bailout for GM...

I wonder why that is?

And I don't see the neo-cons talking about the bailout Reagan gave Chrysler in the 80's either.

I wonder why that is?

 

[DaGoose]

Corporate Welfare is nothing to celebrate. Shame on you OWS/Democrat hypocrites.

There's a difference between saving a business that would have had a devastating impact on an already failing economy and bribing a business to relocate (or stay) in a particular city or state. Bribery adds or subtracts nothing to the nation as a whole, only local tax payers.

 

[Trajan]

I don't see many Libs talk about the Ford bailout as much as they talk about
the bailout for GM...

I wonder why that is?

And I don't see the neo-cons talking about the bailout Reagan gave Chrysler in the 80's either.

I wonder why that is?

because he didn't?


carter and congress gave them the 1.5 billion...dec. 79 congress passed the bill, carter signed jan 1980....

 

[Trajan]

Corporate Welfare is nothing to celebrate. Shame on you OWS/Democrat hypocrites.

There's a difference between saving a business that would have had a devastating impact on an already failing economy and bribing a business to relocate (or stay) in a particular city or state. Bribery adds or subtracts nothing to the nation as a whole, only local tax payers.

chapter 11......

 

[DaGoose]

I don't see many Libs talk about the Ford bailout as much as they talk about
the bailout for GM...

I wonder why that is?

And I don't see the neo-cons talking about the bailout Reagan gave Chrysler in the 80's either.

I wonder why that is?

because he didn't?


carter and congress gave them the 1.5 billion...dec. 79 congress passed the bill, carter signed jan 1980....

Yeah, you're right. And actually Carter and Congress didn't actually "bail them out". They merely guaranteed the loans.

My bad.

 

[paulitician]

Corporate Welfare is nothing to celebrate. Shame on you OWS/Democrat hypocrites.

There's a difference between saving a business that would have had a devastating impact on an already failing economy and bribing a business to relocate (or stay) in a particular city or state. Bribery adds or subtracts nothing to the nation as a whole, only local tax payers.

Uh sure, nice spin. It's Bullshit spin though. Corporate Welfare is wrong when both Democrats and Republicans do it. You're an Obama-Bot, therefore you're spinning this particular Corporate Welfare Bailout. It really is very dishonest & hypocritical. So shame on you OWS/Democrats.

 

[Rozman]

I try to live in the present....

 

[bigrebnc1775]

GM BAILOUT WORKED AND WORKED.

GM posts record profit 2 years after bankruptcy
By Chris Isidore@CNNMoneyFebruary 16, 2012:

The federal assistance probably saved about 1.5 million jobs, according to an estimate from the Center for Automotive Research, and prevented GM, Chrysler and many U.S. parts suppliers from being forced out of business, which would have been a huge blow for tax revenue. All the major U.S. automakers are again hiring, and further job gains are forecast in the coming years.

GM posts record earnings for 2011 - Feb. 16, 2012

GM workers receive record bonuses
Updated: Friday, 17 Feb 2012,

GM earned a record $7.6 billion in 2011. Despite the record profit, critics say we shouldn't forget that just a couple of years ago about $50 billion of taxpayer money was spent to save GM from bankruptcy. Nearly half of the money has been recovered.
Thursday they announced, 47,500 blue collar workers, many who took pay cuts because of the bailout, would be getting a $7,000 profit sharing check.

GM workers receive record bonuses | WIVB.com

G.E. made record 14.2 billion profit in 2010 and claimed a tax benefit of 3.2billion.
G.E. made record 14.2 billion profit in 2010 and claimed a tax benefit of 3.2billion. - Sherdog Mixed Martial Arts Forums

Many of the nation's preeminent companies have posted massive increases in profits this year. General Electric posted worldwide profits of $14.2 billion, while profits at JPMorgan Chase were up 47 percent to $4.8 billion.
Corporate Profits At All-Time High As Recovery Stumbles

GM? Do you mean the company that built a plant in Mexico< are you talking about that GM?

 

[Trajan]

And I don't see the neo-cons talking about the bailout Reagan gave Chrysler in the 80's either.

I wonder why that is?

because he didn't?


carter and congress gave them the 1.5 billion...dec. 79 congress passed the bill, carter signed jan 1980....

Yeah, you're right. And actually Carter and Congress didn't actually "bail them out". They merely guaranteed the loans.

My bad.

, oh so its only a guarantee now? .....dude....

 

[DaGoose]

because he didn't?


carter and congress gave them the 1.5 billion...dec. 79 congress passed the bill, carter signed jan 1980....

Yeah, you're right. And actually Carter and Congress didn't actually "bail them out". They merely guaranteed the loans.

My bad.

, oh so its only a guarantee now? .....dude....

Ya, unless you can show different,......DUDE?....... (what are you, 12?)

1979 Chrysler bailout

While some have said that Congress lent Chrysler the money, the government only guaranteed the loans.

Lee Iacocca - Wikipedia, the free encyclopedia

 

[DaGoose]

Corporate Welfare is nothing to celebrate. Shame on you OWS/Democrat hypocrites.

There's a difference between saving a business that would have had a devastating impact on an already failing economy and bribing a business to relocate (or stay) in a particular city or state. Bribery adds or subtracts nothing to the nation as a whole, only local tax payers.

Uh sure, nice spin. It's Bullshit spin though. Corporate Welfare is wrong when both Democrats and Republicans do it. You're an Obama-Bot, therefore you're spinning this particular Corporate Welfare Bailout. It really is very dishonest & hypocritical. So shame on you OWS/Democrats.

Define Obama-Bot.

And nobody can ever spin this bailout (that Bush started) as anything other than enormously successful.

 

[Valox]

This thread rests upon the assumption that GM would not have emerged after filing for bankruptcy.

 

[DaGoose]

This thread rests upon the assumption that GM would not have emerged after filing for bankruptcy.

That's kinda like saying that the success of WWII "rests upon the assumption that Hitler would have admitted making a mistake and pulled all of his troops back home".

Coulda, woulda, shoulda. Hindsight is alweays 20/20. The bottom line is that the route we chose was an enourmous success. A win-win for everyone.

 

[Valox]

This thread rests upon the assumption that GM would not have emerged after filing for bankruptcy.

That's kinda like saying that the success of WWII "rests upon the assumption that Hitler would have admitted making a mistake and pulled all of his troops back home".

Coulda, woulda, shoulda. Hindsight is alweays 20/20. The bottom line is that the route we chose was an enourmous success. A win-win for everyone.

lol....bad Hitler analogy, is



....fucking laughable. What else you got? That was most amusing.

 

[DaGoose]

This thread rests upon the assumption that GM would not have emerged after filing for bankruptcy.

That's kinda like saying that the success of WWII "rests upon the assumption that Hitler would have admitted making a mistake and pulled all of his troops back home".

Coulda, woulda, shoulda. Hindsight is alweays 20/20. The bottom line is that the route we chose was an enourmous success. A win-win for everyone.

lol....bad Hitler analogy, is



....fucking laughable. What else you got? That was most amusing.

Listen....if all you got are "assumptions", you got 'nuthin.

Again....bottom line is it worked and everybody won. So unless you can show why it didn't work I would kindly suggest that you fuck off. (But I mean that in the nicest way)

 

[Valox]

That's kinda like saying that the success of WWII "rests upon the assumption that Hitler would have admitted making a mistake and pulled all of his troops back home".

Coulda, woulda, shoulda. Hindsight is alweays 20/20. The bottom line is that the route we chose was an enourmous success. A win-win for everyone.

lol....bad Hitler analogy, is



....fucking laughable. What else you got? That was most amusing.

Listen....if all you got are "assumptions", you got 'nuthin.

Again....bottom line is it worked and everybody won. So unless you can show why it didn't work I would kindly suggest that you fuck off. (But I mean that in the nicest way)

I am not the one with assumptions or Hitler analogies. Again, all I said is that this success rests upon...

"This thread rests upon the assumption that GM would not have emerged after filing for bankruptcy."

However, you get all nasty when I point out your assumptions and failed Hitler analogies, so go fuck yourself.