So this one adequately explains Obama AND General Motors.
Good riddance general mess of crap.
Come on. After all, it is Government Motors.
Obama saved them, using taxpayer money, screwing over stockholders, and successful dealerships (if they were run by Republicans) and then to seal it’s fate stuck a socialist moron like himself in charge.
If your car company has a crisis every 10 years, you’re doing something wrong. Maybe they should switch to refrigerators or something.
GM is not a car company. It’s a pension fund that occasionally makes a car.
There’s nothing special about US cars any more, and there’s certainly nothing special about unionized US automotive workers. They have a lot to give back if they expect the domestic car companies to survive.
Now these factory workers can join the ranks of unemployed from the numerous dealerships Obama closed because they were Republican supporters.
So this one adequately explains Obama AND General Motors.
assembly plant in Lordstown, Ohio
Look for more bad news for those LIVING in Ohio, especially if you're a brand new fetus.
Ohio Gov. Kasich vetoes anti-abortion ‘heartbeat bill’
http://www.cleveland19.com/2018/12/21/ohio-gov-kasich-vetoes-anti-abortion-heartbeat-bill/
You failed to point out who doled out the $50 billion in the first place.
GM/UAW...... they are their own worst enemies
To hell with the thieves at the UAW
None of us bond holders were asked for our opinion, either.
Not their payscale, though. That had nothing to do wirh it. /S
Never should have taken the bailout money.
I will never buy a GM product ever.
No. The federal payola rescued the UAW from the consequences of bankruptcy. Union pensions were made whole. The union health plan was made whole. GM, however, was not "rescued from bankruptcy;" it went bankrupt. The shareholders lost everything. The suppliers and dealers were whacked. Management was purged. Everyone involved with GM took severe losses -- except the UAW. The parasite killed the host, and the government saved the parasite.
The screw up was in the TAX law. The Corporation’s Tax S/B (ON REPATRIATED $ ONLY) ZERO, if invested into Physical Plants and Factories with a maximum amount of say 85% automation; or pay the tax. End of offshoring, Trillions spent in US and JOBS would continue!
Nothing more depressing in life than to be unemployed. Nothing more exhilarating than to find a job.
Hello Government Motors unionistas.
A little simplistic history/business talk from an uneducated country hick.
Due to special circumstances, called World War 2 we had a leg up on the world.
The United States of America was the ONLY developed nation that emerged from that war with an intact transportation system.
The ONLY nation with a fully functional manufacturing base.
In fact, EVERY country in the world owed us war debts and we came out smelling like a big, beautiful rose as the only economy not to suffer devastating infrastructure damage.
The world was our oyster and we were Hungry!
In the 1940’s, 50’s and 60’s we were exporting to the world as well as supplying our own domestic needs. I can remember you going on strike every few years demanding better pay, better health insurance and better retirement plans. You pointed to the company’s profits and howled like rabid dogs.
What you didn’t think about was the infrastructure...the plants and machinery you worked in and with. All you knew was you had the only horse in town and you rode it hard.
As a result prices remained high while quality dropped. Your work became sloppy and management cut corners to stay profitable.
But then things began to change.
The world rebuilt it’s manufacturing abilities, transportation systems and other economies began to emerge as players. They were small, but still players. You however didn’t notice.
Somewhere along the line those bit players emerged as stiff competition. They offered quality products at prices the American consumers found acceptable while you kept turning out the same crap at high prices. Soon the foreigners were beating you on price, quality, desirability of their products...you name it and they were eating your lunch and you refused to change.
So, here we are at the end of the line. You have been on life support since the Mulatto Menace handed our hard earned tax dollars to you.
Now there is a successful businessman in the Oval Office, not an America hating, self hating Mulatto Marxist.
Hopefully President Trump will come to the same conclusion I have...that it is time for Government Motors to die, so you can be replaced by something better.
I have little sympathy for the majority of your fellow employees because you have been part of the problem, never part of the solution.
Buhbye Government Motors.
I always get a kick out of this commercial knowing they are laying off employees.
Why we need across the board imper tariffs. This will let domestic competition sort things out.
I see another Michael Moore “documentary”....oh wait, the GM CEO isn’t a white guy.