GM highest profits EVER

[paulitician]

Corporate Welfare is wrong. It's wrong when both Democrats and Republicans do it. So shame on you so-called OWS activists for celebrating this.

 

[Skull Pilot]

It's fun watching Republicans trying to spin good news into bad.

Obama is the Democrats Reagan.

No need to spin.

The fucking government gave a shit load of our money to GM and the stock they bought is worth less than half what they paid for it.

Only a fucking idiot sheep would call that good news.

"Hey fellow flock mate, the shepherd is taking us to the abattoir today isn't that great news!"

 

[JimH52]

thats alot of jobs and taxes paid.

Im glad we didnt listen to the idiots that wanted it to die

Is it $25 Billion worth? That's what it cost.

Only if you ignore what we hold in the way of stock. That's about a third of the company's shares, which are well below its IPO price. Shares would have to nearly double for taxpayers to break even on the bailout.

And they will. You GOP naysayers are praying that a US company that has been known for years as the backbone of America.....goes broke. You are sick!

 

[Mr. Shaman]

Thanks to George Bush.

From wiki;

"In December 2008, U.S. President George W. Bush agreed to a $17.4 billion bailout for General Motors and Chrysler. The financing came from the $700 billion fund known as the TARP.[4] General Motors emerged from a Chapter 11 reorganization in 2009, with an initial public offering that was one of the world`s top 5 largest IPOs to date."

Nice try.
​

"In December 2008, U.S. President George W. Bush agreed to a $13.4 billion bailout for General Motors; within months, an additional $39 billion was added by the Barack Obama administration."

Bailin'-Out The Bushes​

 

[Mr. Shaman]

Is it $25 Billion worth? That's what it cost.

Only if you ignore what we hold in the way of stock. That's about a third of the company's shares, which are well below its IPO price. Shares would have to nearly double for taxpayers to break even on the bailout.

And they will. You GOP naysayers are praying that a US company that has been known for years as the backbone of America.....goes broke. You are sick!

Nothin' like some good ol' fashioned.....

....KARMA-time....

....for science-challenged "conservatives"!!!!!

.

.

.

.

 

[Oldstyle]

Is it $25 Billion worth? That's what it cost.

Only if you ignore what we hold in the way of stock. That's about a third of the company's shares, which are well below its IPO price. Shares would have to nearly double for taxpayers to break even on the bailout.

And they will. You GOP naysayers are praying that a US company that has been known for years as the backbone of America.....goes broke. You are sick!

Actually I'm praying that anyone who was thinking about investing in America with their capital doesn't look at what the Obama Administration did to the rule of law with concern to GM and it's bond holders and RUN in the opposite direction.

You progressive scratch your heads in wonderment over why investors won't get off the sidelines and invest in Barry's progressive "vision". Gee, now why would private investors not trust the Obama Administration? Duh?

 

[Mr. Shaman]

It's fun watching Republicans trying to spin good news into bad.

Obama is the Democrats Reagan.

No need to spin.

The fucking government gave a shit load of our money to GM and the stock they bought is worth less than half what they paid for it.

Only a fucking idiot sheep would call that good news.

"Hey fellow flock mate, the shepherd is taking us to the abattoir today isn't that great news!"

August 25, 2011​

"Taxpayers bailed out much of the U.S. auto industry. Now the carmakers might be what saves the nation's economy from falling back into recession.

After a massive restructuring and several high-profile bankruptcies, a leaner, more aggressive auto industry is making a comeback, hiring workers and ramping up manufacturing plants. From a trough two years ago, Ford Motor Co., General Motors Co., Chrysler Group and other auto companies have added almost 90,000 manufacturing jobs, a 14% increase, according to federal employment data.

Job growth in Michigan, which was devastated by the downturn, is even more robust. That's why Michigan's jobless rate stood at 10.9% in July, well below the 12% rate of California."

ANOTHER "Win" For Obama!!!!!​

. . .

 

[kaz]

thats alot of jobs and taxes paid.

Im glad we didnt listen to the idiots that wanted it to die

I wanted it to die. But that's only because i understand that actions have consequences to them beyond what you can openly observe.

 

[paulitician]

To Hell with them and all other Corporate Welfare assholes.

 

[rightwinger]

Great job by President Obama to rescue both GM and Chrysler while conservatives whined that he would never see a cent of our money back

Now the "Let them fail" Republicans can answer to the voters

 

[Skull Pilot]

Great job by President Obama to rescue both GM and Chrysler while conservatives whined that he would never see a cent of our money back

Now the "Let them fail" Republicans can answer to the voters

We haven't seen a cent of our money back you idiot.

The stock is worth less than we paid for it therefore we have lost money

 

[francoHFW]

What a-holes,liars and fools the GOP are now. God bless the Big 3- they're making the best cars EVER too. Can't wait for the Dodge Dart (based on the fantastic Alfa-Romeo Giuletta!).

 

[Skull Pilot]

What a-holes,liars and fools the GOP are now. God bless the Big 3- they're making the best cars EVER too. Can't wait for the Dodge Dart (based on the fantastic Alfa-Romeo Giuletta!).

So copying another car is a great leap huh?

I'd rather buy the original than a knock off any day not that I'll ever buy a GM car again until the company buys back every share of stock the government bought at the same or higher price than we paid for it.

 

[The T]

Great job by President Obama to rescue both GM and Chrysler while conservatives whined that he would never see a cent of our money back

Now the "Let them fail" Republicans can answer to the voters

We haven't seen a cent of our money back you idiot.

The stock is worth less than we paid for it therefore we have lost money

The ONLY reason it still exists is that it was bailed out to save the UNIONS.

Taxpayers got screwed.

 

[francoHFW]

Great job by President Obama to rescue both GM and Chrysler while conservatives whined that he would never see a cent of our money back

Now the "Let them fail" Republicans can answer to the voters

We haven't seen a cent of our money back you idiot.

The stock is worth less than we paid for it therefore we have lost money

The stock? You are a MORON.

BTW, stockholders of companies that go bankrupt don't do great. Greedy fools in this case.

 

[Listening]

And they will. You GOP naysayers are praying that a US company that has been known for years as the backbone of America.....goes broke. You are sick!

They did go broke....or didn't you hear ?

What is sick is that you laud the Federal Government playing favorites.

Who save the local businesses in my home town during the turndown ?

No one.....they went broke.

But because they were not union....no bailout.

 

[Skull Pilot]

Great job by President Obama to rescue both GM and Chrysler while conservatives whined that he would never see a cent of our money back

Now the "Let them fail" Republicans can answer to the voters

We haven't seen a cent of our money back you idiot.

The stock is worth less than we paid for it therefore we have lost money

The stock? You are a MORON.

BTW, stockholders of companies that go bankrupt don't do great. Greedy fools in this case.

The country never was a stock holder before the union bail out you moron and the government should never own stock in a privately owned company.

If GM went into bankruptcy they would have undergone restructuring like any other private company.

Or would you rather have the fucking government just buy shares in every company that files bankruptcy?

 

[The T]

We haven't seen a cent of our money back you idiot.

The stock is worth less than we paid for it therefore we have lost money

The stock? You are a MORON.

BTW, stockholders of companies that go bankrupt don't do great. Greedy fools in this case.

The country never was a stock holder before the union bail out you moron and the government should never own stock in a privately owned company.

If GM went into bankruptcy they would have undergone restructuring like any other private company.

Or would you rather have the fucking government just buy shares in every company that files bankruptcy?

And leave the taxpayer on the hook should they FAIL again?

It's a poor business model.

 

[regent]

Well GM is alive and so are the jobs, and conservatives are unsure of how to political hay out of it at this time. If GM goes on to be successful it will be because of Bush, if GM flounders whose fault but Obama's.

 

[WillowTree]

GM records its highest profit ever: $7.6 billion - Washington Times

they're almost as good as the oil companies aren't they? a good reason to continue subsidizing big oil.. it works. thanks for pointing this out TM.