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GM heading for bankruptcy... again.

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Posted

That's true, although it's not just GM Obama is trying to save, it's all the suppliers and the towns dependent on GM as well.

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Posted

That's true, although it's not just GM Obama is trying to save, it's all the suppliers and the towns dependent on GM as well.

True and I don't blame him for doing it. In reality, he didn't have much of a choice. Perhaps he had choices in the methods used to save them, but he had to do something. Remains to be seen whether he made the right decision or not.

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Posted

I actually would have believed you, Deac. That I read too much into your comment and thought you were talking about the recession during Bush's term when you mentioned a recession in your post. If your post had stopped here:

I just ask if you guys were going to continue to be obsessed with Bush jr. You are the only one who said anything about whose fault the recession was.

"Sorry man, I must have misunderstood--"

BUT SINCE YOU BROUGHT IT UP

Blah blah blah. Leave Bush alone. Rant. Rave. Read this book it totally confirms my bias and stuff. Blah blah blah. The end.

Your intent is so fukin obvious there's no point in you backpedaling. Just an excuse to segue into all that bullshit.

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Posted

Now,

As you were...

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Posted

Carter saved Chrysler, but Reagan let it happen and took the credit. No word on whether this proved that Reagan was a socialist.

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Posted

Obsessed? So the recession that happened under bush isn't partially his fault?

Riveting tale, chap.

:( :( stop obsessing over arguably the worst president in american history by bringing up things that he is responsible for that are still relevant to this day :( :(

in other words, two-time GWB voter spotted

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Posted

so how much did GM get from the govt(see us) and how much did it pay back? also, where were those funds to pay back the taxpayers from? Was it actual profti? Was it from the US Treasury or another TARP fund?

also how much are the taxpayers STILL on the hook for?

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Posted

its pstall and stirs

just let em live out their lives in idiocy

Name calling is the first sign of having an unbackable argument, argue the fact or stfu.

Calling someone a dimwit very loudly doesnt make you right.

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Posted

so how much did GM get from the govt(see us) and how much did it pay back? also, where were those funds to pay back the taxpayers from? Was it actual profti? Was it from the US Treasury or another TARP fund?

also how much are the taxpayers STILL on the hook for?

The final chapter of the GM bailout has yet to be written and right now it could go either way. By and large their product is better than it has ever been. Unfortunately for GM, so is the competitions.

By all rights GM should have been dead and buried long ago. While no doubt, they have many very talented and hard working employees, their string of bad leadership is legendary within the industry. The UAW leadership has been no better.

The only reason GM is still with us is they were failing at the same time as our financial sector. It would have been politically untenable to save Wall Street but not save Detroit. Both were TBTF. Neither deserved to be saved but both had to be saved. Perfect examples of FUMU.

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Posted

I have a long term GM fix. Make cars that people want to buy and not the crap you have been putting out.

Zod 2016

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Posted

I have a long term GM fix. Make cars that people want to buy and not the crap you have been putting out.

Zod 2016

A wonderful free market statement. Totally agree. Not just for GM, but all companies.

Now, think Solyndra

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Posted

should have let them go bankrupt the first time. Barry and his unions...

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