GM posts $1.33 billion profit, a sign of strength

Discussion in 'Economy' started by Wry Catcher, Aug 12, 2010.

  1. Wry Catcher
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    Wry Catcher Platinum Member

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    GM posts $1.33 billion profit, a sign of strength - Yahoo! News

    The bail out condemned by Republicans and tea partiers saved tens of thousands of jobs and has provided for a stalwart of American Capitalism to survive and begin to prosper anew.
    Obama&Co's practical solution to an economic crisis, in spite of efforts by the RW to assure failure, has once more proven to trump ideology.
    Of course evidence that anything Obama has done, will do or say will be met with the usual cocaphony and cries of "Marism" from the liars and purveyors of hate.

    "General Motors Co. said Thursday it made $1.33 billion in the second quarter, a sign it's getting healthier as it prepares to sell stock to the public.

    It was the second straight quarterly profit for GM, which made $865 million in the first quarter.

    CEO Ed Whitacre said last week that the company is eager to sell shares in an initial public offering so it can end its dependence on the government and pay off $43.3 billion in bailout funds that were converted into a majority stake in the company."

    Read more at the link above. Of course there are items to cherry pick, but all in all what's good news for American is sad for the Limbaugh, Hannity, Palin, Gingrich mob.
     
  2. Mini 14
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    Mini 14 Senior Member

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    I wonder how much of that 1.3Bil will go towards what they owe us?
     

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