Howdy!
Ping for CG!
It’s Bush’s fault!
Hi cleveland gop! Just set up the Sean Hannity thread. Just wanted you for Monday to Thursday of this week. Have the banner also on.
Is it okay to have this thread deleted?
Sure fine - move to another thread and don’t tell me - I know when I’m not wanted
GM shares hit a low of $1.52 in early afternoon trading, before rebounding somewhat to close down 23 cents, or 11.5 percent, at $1.77. The low matched a record set on July 26, 1934, according to the Center for Research in Security Prices at the University of Chicago.
The price is adjusted for splits and other changes.
The Detroit-based automaker's shares have been battered over the past year by worries about the viability of the U.S. auto industry and plunging sales stemming from the industrywide drop in demand for new vehicles.
GM shares were worth $3.50 just a month ago and $25.54 a year ago.
On Tuesday, GM said it would need a total of $30 billion in federal aid in order to avoid filing for bankruptcy protection, up from a previous estimate of $18 billion and including $13.4 billion it has already received. It also said it would need to cut 47,000 jobs worldwide and close five more U.S. factories.
Analysts have said that regardless of whether the automaker receives additional government help or ultimately files for bankruptcy protection, its shares are close to worthless
Joseph C. Amaturo of Buckingham Research Group said Thursday that a Chapter 11 bankruptcy filing at the automaker would be in the best interest of everyone, especially the American taxpayer.
In a note to investors, he backed his "Underperform" rating for the GM and cut his price target to $0 from $1.
Amaturo called GM's restructuring plan "worthless" because it doesn't reduce the company's debt, eliminate its legacy costs or make its labor agreements more competitive.
Also on Friday, GM's Swedish-based subsidiary Saab went into court protection from creditors so that the unit can be spun off or sold.
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UAW kills the goose that lays the diamond encrusted golden eggs.
My aching head. I just listened to Hannity’s man-in-the-street spot. First ditz was bad enough, graduated Brown with a BA in international relations. No job. Voted for 0bama of course. Why? Duhhh.
Second one, senior in college, voted 0bama, does NOT KNOW who the vice-president is. Voted for hopeandchange.
“Because he wants to make this country better!”
“You think McCain wanted to make it worse?”
“Uhhh...gotta run!”
Third guy swore he was “working” but not getting paid, would not explain no matter how Hannity tried to pry it out of him. (In my experience this is the call sign of the man who lives with his parents and his work involves going out all day to mooch off other people.)
Scary, very scary. These are voters.