[equaviator]

"Anybody have a problem with that?"

If not yesterday, maybe later.

[bobrlbob]

Our local dealer has bought 4 homes on the Calif coast since the bailout, all million dollar homes.

[bobrlbob]

Our local dealer has bought 4 homes on the Calif coast since the bailout, all million dollar homes.

[bobrlbob]

Our local dealer has bought 4 homes on the Calif coast since the bailout, all million dollar homes.

[Noob1999]

It’s totally amazing what supposedly intelligent people will write, when they must know it is total bullshit!

GM is profitable because investors/bondholders/banks took it in the shorts. Any company in the world can look “profitable” when you’re able to split your balance sheet into:
1. Those products that look like they have potential, but only if we transfer so many meaningful assets to support them, or:

2. Those products that under achieve; and I’ll dump all my under-performing assets; all my unsupported debt, under performing bond holders,totally screw all of them, and never-ever have to report their performance ever again.

We’re heros, and now we will share our heroism with the same bunch of lazy union employees so we can crow about our greatness, building only a few of the same crappy products that we built last year!

Lawyer up now, because you’re going to go down once again in a few years, with 1 million unwanted Volts sitting in your parking lots!

[JoeGar]

Two items:

1. GM still has not repaid the government for its loan.

2. Taking an eraser and erasing your debt does wonders for your finances (but, of course, it screws those to whom you owed money).

[lwoodham]

This is going to make liberals easy to spot on the highway. They will be the only ones buying the GM vehicles. See one? Just ease him off into the ditch lol.

[catnipman]

Hmmm. New GM stock down 41% in 10 months since its IPS. Sounds about right for a leftist definition of success.

[Oceander]

Yeah, the "resuscitation" of GM: it's pretty easy when you simply steal the company from its rightful owners, hand most of it over to the unions, and then get a no-strike clause into the union agreements, so that the only company that faces the risks of a strike is the only company that didn't take a bailout - i.e., corporate welfare - and that is Ford.

GM is not now, and never will be until it goes through at least one honest bankruptcy, a legitimate American auto manufacturer, and buying a GM is like buying stolen property.

[tacticalogic]

Maybe GM's next ad campaing should be:

"You're already paying for it, you might as well own one!"

[discostu]

And Chrysler shows at that 25 years from now we’ll have to go through it all over again. Capitalism is built on failure, companies dieing creates opportunities for new companies. When the government intervenes to save a dinosaur now instead of the young fresh smart companies you’re stuck with a dinosaur that’s ill equipped for the current market and will need to be saved again.