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GM is back, thanks to Uncle Sam
Houston Chronicle ^
| September 28, 2011
| E.J. DIONNE
Posted on 09/28/2011 5:10:57 PM PDT by equaviator
Edited on 09/28/2011 6:50:27 PM PDT by Sidebar Moderator.
[history]
Have you noticed that one of the Obama administration's most successful programs is also its most "socialist" initiative?
OK, the bailout of General Motors and Chrysler was not socialist in the classic sense: The government was not looking to hold on to the companies over the long run. Their turnaround was accomplished in significant part by tough, capitalist management steps.
(Excerpt) Read more at google.com ...
TOPICS: Business/Economy; Government; News/Current Events; US: Michigan
KEYWORDS: autobailout; bailout; gm; governmentmotors; govtmotors
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To: equaviator
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).
41
posted on
09/28/2011 7:37:39 PM PDT
by
JoeGar
To: Noob1999
“Lawyer up now, because youre going to go down once again in a few years, with 1 million unwanted Volts sitting in your parking lots.”
1,000,000 Volts, yer ass! There are but one or two in the lots and dat be it.
To: JoeGar
My father is nearing retirement in Hong Kong. He bought some GM bonds on the advice of his broker. He ended up getting back ~20 cents on the dollar. It wasn’t a big fraction of his holdings, but I was offended that the UAW took precedence over bond holders. I will NEVER buy another GM car.
43
posted on
09/28/2011 7:44:37 PM PDT
by
tony549
(Stuck in SoCal)
To: equaviator
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.
44
posted on
09/28/2011 8:17:55 PM PDT
by
lwoodham
(There are 10 kinds of people, those who understand binary and those who don't.)
To: equaviator
Hmmm. New GM stock down 41% in 10 months since its IPS. Sounds about right for a leftist definition of success.
45
posted on
09/28/2011 8:20:04 PM PDT
by
catnipman
(Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
To: equaviator
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.
46
posted on
09/28/2011 8:21:32 PM PDT
by
Oceander
(Not voting is tantamount to voting for Obama)
To: equaviator
Maybe GM's next ad campaing should be:
"You're already paying for it, you might as well own one!"
To: tacticalogic
What GM ought to do is negotiate a deal to build the majority if its cars and trucks in China. That way the UAW goons left jobless due to outsourcing can go into the GM Jobs Bank. The UAW thugs show up at the union hall to watch porn on-line or read the paper or call-in bets to their bookies for 9 hours a day every week and draw 95% of their wages for life (or until they retire). What's not to love about that?
48
posted on
09/28/2011 11:04:16 PM PDT
by
MasterGunner01
(To err is human; to forgive is not our policy. -- SEAL Team SIX)
To: tacticalogic
You're already paying for it, you might as well own one!
49
posted on
09/28/2011 11:38:54 PM PDT
by
gigster
(Cogito, Ergo, Ronaldus Magnus Conservatus)
To: tacticalogic
You're already paying for it, you might as well own one! Now, that is funny!
50
posted on
09/28/2011 11:41:11 PM PDT
by
gigster
(Cogito, Ergo, Ronaldus Magnus Conservatus)
To: equaviator
To: equaviator
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.
52
posted on
09/29/2011 9:31:35 AM PDT
by
discostu
(How Will I Laugh Tomorrow When I Can't Even Smile Today)
To: nascarnation
Chrysler, Plymouth. Nissan, dat sun
You can call it what u care
I call it a studabaker or Pontiac cause they b dead
To: Pollster1
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