GM posts its highest profit ever: $7.6 billion

[dellinger63]

Originally Posted by Riot

No. We're celebrating the reality of the auto industry still existing in the United States, GM currently being number one in the world again, and hundreds of thousands of workers in the auto industry and supply chains not being unemployed, homeless and starving in the streets.

But you keep whining about it

Was Ford going to quit out of respect?

You keep telling yourself it was worth it.

Bottom line a $27.2 billion loss to the taxpayer.

With the record profits on the books and the stock price still needing to double the future doesn't look too bright either.

[Riot]

Originally Posted by dellinger63

Bottom line a $27.2 billion loss to the taxpayer.

Bottom line American automobile industry still here, hundreds of thousands of jobs saved, huge manufacturing base saved. A raging success.

We have a different view. Good luck with yours Mine is pretty rosy :-) The view is great from here.

[dellinger63]

Originally Posted by Riot

Bottom line American automobile industry still here, hundreds of thousands of jobs saved, huge manufacturing base saved. A raging success.

We have a different view. Good luck with yours Mine is pretty rosy :-) The view is great from here.

FYI GM employs under 60K in the U.S.

And again I hope the majority don't see a $27.2 billion dollar loss to the taxpayer so a failing corporation can reap a $7 billion profit as rosy. In fact I hope they see it for what it is, a ripoff of the people.

If it had been a Private Equity firm that signed onto this deal there would people in jail, with investors screaming for their heads, yet you cheer on?

You do realiize that had GM actually gone out of business the demand for vehicles would have not decreased by a single one?

[dellinger63]

Ouch!

Just over 6 mos. later we're at $20.21 a share. Another $8 billion to the taxpayer. And we were debating the 'bonus' checks to 47K GM workers?

We got f'd not once or twice but a bunch of times.

And to think Obama supporters are still celebrating this success?

[Thepaindispenser]

It costs the taxpayers $25 billion so that Obama could bail out the UAW who bribed him with campaign contributions. Meanwhile non-union members and bond holders got screwed. This is not a success, it is a crime and a debacle.

[Thepaindispenser]

http://www.forbes.com/sites/charlesk...of-government/

GM will be in bankruptcy again. What a success!

[geeker2]

I say we double down - I mean we can print more money if we need to or take from the rich folks

[dellinger63]

Originally Posted by Thepaindispenser

http://www.forbes.com/sites/charlesk...of-government/

GM will be in bankruptcy again. What a success!

Wow almost overwhelming with all of the successes listed in one place;

An increase of 18 million people, to 46 million Americans now receiving food stamps;

Going from 28 million to 46 million equates to a 64% increase.

A 122% increase in food stamp spending to an estimated $89 billion this year from $40 billion in 2008;

Despite only a 64% increase in recipients? Must be on the six meal a day diet. Are we not fat enough?

An increase of 3.6 million people receiving Social Security disability payments;

Of course they need not apply or be counted in unemployment stats.

A 10 million person increase in the number of individuals receiving welfare, to 107 million, or more than one-third of the U.S. population;

More than 33% of Americans are unable to survive on their own? Pitiful

A 34%, $683 billion reduction in the adjusted gross income of the top 1% to $1.3 trillion in 2009 (latest data) from its 2007 peak.

Who cares, they’re still rich.

[hoovesupsideyourhead]

they just put a woman in charge..good luck with that..

[bigrun]

Originally Posted by hoovesupsideyourhead

they just put a woman in charge..good luck with that..

oh oh, look out!

[Danzig]

Originally Posted by hoovesupsideyourhead

they just put a woman in charge..good luck with that..

should have done it years ago.