GM CEO promises profit for taxpayers (Load of crap but humorous)

cnn ^ | 1/11/2010 | CNN

[tobyhill]

General Motors Chairman and CEO Ed Whitacre promised Monday that taxpayers will make a profit on the $50 billion that Treasury has sunk into the company over the past 13 months.

"I think the government's investment is well placed and I think they'll make a lot of money," Whitacre told reporters after an event at the annual auto show here Monday morning. "It won't be too long."

The promise of profits on the investment, which was echoed by GM Vice Chairman Bob Lutz in an interview with CNNMoney.com Monday, is quite a bit more bullish than any previous forecast made by a GM executive.

[Frantzie]

Any “profit” will be stolen by the UAW thugs.

[1rudeboy]

“I will gladly pay you Tuesday for a hamburger today.”

[GonzoGOP]

GM CEO promises profit for  from taxpayers

There fixed it.

[tobyhill]

There will be no profit now, tomorrow or any other time in the future. If they did offer the public options then the people buying the options will just be buying it to pay themselves back with no return.

[FrankR]

The same president and unions who now own GM are the main contributors to the state of the nation's economy and unemployment...kinda hard to sell new cars/fleets to people out of work and businesses who are going under daily.

We, the people, can't print our own money...sorry GM.

GM should adopt Toyota's old slogan:

"YOU ASKED FOR IT, YOU GOT IT - TOYOTA OBAMA"

[tobyhill]

“In fact, the company's overall market value would have to hit at least $67 billion for Treasury to recoup its investment. But Rod Lache, an analyst with Deutsche Bank, estimated in November that based on the trading in GM’s bonds, investors were putting the future value of the company at only $42 billion.”

The Libs have never been real good at math.

[Nickname]

Oh yay. We’re going to be rich! Rich, I tell you!

[tobyhill]

The Rats know this is going to be a campaign issue so are quick to trot out Whitacre to make such an outlandish claim.

[Toddsterpatriot]

[The Comedian]

In related news, Bernie Madoff stated that profitable returns to his investors will materialize shortly...

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[reagan_fanatic]

Sure you are, Whitaker. What'd you do - invest the taxpayer's money with these fine folks?

[MRBIGMUTTS]

DONT BUY AMERICAN AND YOU CAN PUT 2/3 OF THE UAW INTO THE UNEMPLOYMENT LINE WITH THE REST