The company is still in need of Chapter 11 process, in order to trim off all of the union fat and junk that keep it from competing.
Will Obama allow nature to take its course in order for GM to cleanse itself?
won’t be long and GM will be back in bankruptcy again anyways.
I won’t touch their stocks at a penny a share.
If just one person who thinks he’s smarter than everyone else would admit “I was wrong. I thought GM paid off the loans. But they didn’t. So, obama’s NOT the greatest president in history after all”, I’d have some hope. But that won’t happen because all liberals will never admit they were wrong.
Yep, it’s been “a disaster” for taxpayers indeed. And as well for stockholders, ( I lost 2,000 shares which was a lot of money for me) bond holders, nonunion GM employees, dealerships, all Delphi employees and other suppliers. UAW employees were the only ones to come out good on this caper.
The only problem is the Bankruptcy Judge is on the verge of UNWINDING this whole fiasco for being LIED to by GM and the Government Lawyers. It aint over yet. I hope he does and then IMPRISONS ALL THE LAWYERS in this case.
Well written article, but it is a re-hash of old news. Re-distributing wealth means “ cash for my buddies”.
“General Motors will no longer be Government Motors.”
I believe General Motors will ALWAYS be “Government Motors” heretofore. A name they will never shake.
And like everything else in the ObamaDORK administration, they lost us a lot of money with absolutely nothing to show for it.
We should learn...keep liberals away from 1) science, 2) social issues, 3) economics, 4) the military.....er...belay that-—keep them in cages where they belong and re-feed them the bull-Obama they’ve been shoving down our throats.
Oh, and legislate that Obama”care” goes ONLY to them....I will enjoy watching them die in pain.
Ping for later.
It will always be Government Motors because it will always be first in line for government handouts/subsidies. If it can go though a proper bankruptcy and get rid of the unions altogether, then, maybe, they can earn a place in the free market, what’s left of it, again. Even if/when the Gummint no longer owns any shares GM will still be the government’s first best hope to get a respectable number of electric cars on the road and it will have to be done with lots of government money. Other entities may come to own the official shares of GM but the government will be pulling GM’s strings for a long time to come.
But . . but . . but . . how can this be!!??? The president and his sock puppet, Ed Whitaker, went on TV to inform us that Government Motors has repaid "every dollar" of the government loan. And, that was over a year ago!!
Don't tell me that these people LIED!!!
(I'm SO disappointed!)