Lakhota
Diamond Member
Obama has done a good job, but he can't do it all without some patriotic help from the opposition.
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The volt was an experiment. For the most part it failed.
How in the world did you reach that conclusion?
It has no "tendency" to catch fire, as the NHSA has pointed out.Buying a Volt does not pay for the car, without a government subsidy and it has a tendency to catch fire.
When you have to lie to make your point, you might want to reconsider your point.
When is Obama gonna start working on job creation????
Huh????
No one has been screwed. Everyone is making money on this deal.Bottom line GM owes the American Tax Payer millions upon millions of dollars, period. Now as for GM and the people that were stuck with their stock / bonds, and unsecured vendors, they were screwed royal so that the unions could be kept whole. One can only hope GM survives long enough for tax payers to be repaid and those stuck with worthless paper can recover something before it collapses again.
The Volt has demonstrated an inclination to spontaneously combust. That's reality. Although there might be a study that says bursting into flames isn't really bursting into flames. The Volt is not affordable enough to be available to the general public without a per vehicle massive government subsidy.
That makes it a failure. An expensive failure.
Here's what I know. obama and gm fucked over the bondholders, shareholders and pensioners, and dealerships, volt smolt. I would not by a gm product for any price.
Bullshit.The Volt got its last favorable crash test rating in June of 2011. By November the Volt started fires had already burned down several homes.
.
The fires in Volts were after controlled test crashes, and happened at a rate no higher than standard ICE cars.
Chevrolet Volt fires: Safety probe ends; regulators OK GM's fix - Los Angeles Times
Yeah, sure.
Chevy Volt Again Suspected in House Fire | National Legal and Policy Center
PJ Lifestyle » Investigation Continues in Home Fire That Burned Siemens Charger, Chevy Volt
No Danger that's why there was a senate investigation into the danger.
The white house knew all along that the Volt was dangerous and hid the information because it is more interested in its agenda than anyone killed in a Volt fire.
White House: Yeah, We Knew About Chevy Volt’s Catching On Fire, But Didn’t Try And Hide The News… | Weasel Zippers
No one has been screwed. Everyone is making money on this deal.Bottom line GM owes the American Tax Payer millions upon millions of dollars, period. Now as for GM and the people that were stuck with their stock / bonds, and unsecured vendors, they were screwed royal so that the unions could be kept whole. One can only hope GM survives long enough for tax payers to be repaid and those stuck with worthless paper can recover something before it collapses again.
That's because you don't know how to read.Not really sure what jobs have to do with this thread.
From that link:No one has been screwed. Everyone is making money on this deal.Bottom line GM owes the American Tax Payer millions upon millions of dollars, period. Now as for GM and the people that were stuck with their stock / bonds, and unsecured vendors, they were screwed royal so that the unions could be kept whole. One can only hope GM survives long enough for tax payers to be repaid and those stuck with worthless paper can recover something before it collapses again.
He's not wrong. Taxpayers are out 25 billion in dollars we won't get back:
Treasury: U.S. to lose $25 billion on auto bailout | The Detroit News | detroitnews.com
Barack Obama's got alot of gall, going around the country touting GM as some kind of success when it went bankrupt anyway, his "surgical" bankruptsy screwed over investors, dealerships were arbitrarily shut down, and the UAW walked away with big chunks of both GM and Chrysler, not to mention jobs going overseas.
And now, they're already in trouble again:
Is GM already on track to go bankrupt, again? « Hot Air
The steep decline in GM's stock price has indefinitely delayed the Treasury's sale of its remaining 26 percent stake in GM. No sale will take place before the November election.
Treasury spokesman Matt Anderson said the costs were still far less than some predicted.
"The auto industry rescue helped save more than one million jobs throughout our nation's industrial heartland and is expected to cost far less than many had feared during the height of the crisis," Anderson said.
The Obama administration initially estimated it would lose $44 billion on the bailout but reduced the forecast to $30 billion in December 2009.
But the recent estimates are not as optimistic as last year.
The Treasury Department said in a May 2011 report that its estimate of auto bailout losses was $13.9 billion. The Congressional Budget Office also estimates a $14 billion loss. The CBO has written off $8 billion of the government's auto bailout as an unrecoverable loss.
Republican presidential candidate Mitt Romney has decried the losses on the auto bailout and insisted that forcing GM and Chrysler Group LLC to go through bankruptcy first would have saved taxpayers money.
But President George W. Bush who gave the automakers and their finance arms about $25 billion in his final weeks in office in bailout funds said there wasn't time.
Those people seldom do great when a Corporation goes BANKRUPT, moron. LOL!
No one has been screwed. Everyone is making money on this deal.Bottom line GM owes the American Tax Payer millions upon millions of dollars, period. Now as for GM and the people that were stuck with their stock / bonds, and unsecured vendors, they were screwed royal so that the unions could be kept whole. One can only hope GM survives long enough for tax payers to be repaid and those stuck with worthless paper can recover something before it collapses again.
He's not wrong. Taxpayers are out 25 billion in dollars we won't get back:
Treasury: U.S. to lose $25 billion on auto bailout | The Detroit News | detroitnews.com
Barack Obama's got alot of gall, going around the country touting GM as some kind of success when it went bankrupt anyway, his "surgical" bankruptsy screwed over investors, dealerships were arbitrarily shut down, and the UAW walked away with big chunks of both GM and Chrysler, not to mention jobs going overseas.
And now, they're already in trouble again:
Is GM already on track to go bankrupt, again? « Hot Air