They are losing market share, and building a crappier product, and in the case of the Volt it is way overpriced. In other words, nothing has changed at GM. They haven't lowered their labor cost, their materials cost. This company is going down. It's been said before, some companies have a marketing problem, some a product problem, some have a labor problem, and some have management problems. GM has all those problems. Here we have 0bama running around handing out our money to state, and local governments knowing he can't do it forever, because sooner or later GM is going to drive right into reality, and guess who will get hurt the most? The sucker taxpayer. The subject, not the citizen. Now you Libs out there still want to know how 0bama is taking away our rights? Yep we are forcefully invested in GM. See libs if I had rights in this country, I would invest in what I WANT to INVEST in. Not what 0bama wants me to invest in. Let 0bama invest his own money in GM. Just leave us the hell alone.
General Motors Is Headed For Bankruptcy -- Again... From Forbes.
http://www.forbes.com/sites/l...
Do you believe that the GM government bailout was a good thing?
Gracie - Proud Conservative
2012/08/18 19:28:53
First, let's get up to speed...watch this video so you can see how the money was borrowed and how it is being paid back.
http://www.dailyfinance.com/2012/08/15/taxpayers-gm-investmen...
Now, watch this video and see if you're as proud of GM and saving it as you should be. If you don't watch it, don't comment.
So, why does there continue to be so much proof that it's Obama that is directly and fragrantly outsourcing our tax dollars, and you still don't believe it?
http://www.dailyfinance.com/2012/08/15/taxpayers-gm-investmen...
Now, watch this video and see if you're as proud of GM and saving it as you should be. If you don't watch it, don't comment.
So, why does there continue to be so much proof that it's Obama that is directly and fragrantly outsourcing our tax dollars, and you still don't believe it?
Top Opinion
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No, it was a travesty for all involved...





















They owe the Taxpayer 27 Billion which all republican, Independent and democrats; CBO, Treasury and every economist say will never be paid back. And the idiot stock deal that Obama made - well, in order for the taxpayer to break even; the stock would have to be at 56 per share and it is not even close to that.. It is taxpayer money lost. But do democrats or Obama care - hell no, as long as they can give pay offs and can convince the dim that some how the earned money of others is not really their own hard earned money but belongs to the government.
Can you imagine someone convincing you that your salary actually wasn't yours and that you were a selfish, self serving pig if you thought it was?? No one could sell you that bilge, could they?
So much in that article is bogus. They're taking the word of the UAW spokesman and leaders? No bias there! Besides, they took what Romney said at face value and said it was false. We know he didn't mean they gave 100% of the company to the unions, so they can say it's false.
GM cut 20,000 jobs as part of the reorganization...to include 2000 dealerships..
you are wrong on that too..
http://en.wikipedia.org/wiki/...
http://www.nytimes.com/2009/0...
http://www.economist.com/node...
130,000 total jobs were lost.................
You would realize what I'm saying is true if you had been a GM employee and was in jeopardy of losing your job. He did exactly the right thing.
And now GM has come back bigger and stronger, thanks to the president.
GM cut 20,000 jobs as part of the reorganization...to include 2000 dealerships..
you are wrong on that too..
http://www.economist.com/node...
http://en.wikipedia.org/wiki/...
http://money.cnn.com/2009/06/...
http://www.reuters.com/articl...
and...my father was a GM employee for 30 yrs....
Unlike the liberals who think the money is unlimited and you can kick that proverbial can down the road without a worry in the world, I live in the real world. I haven't spent a night worrying that I'll lose my job. If it happens, I'll survive. I've never taken anything for granted. My daughter just lost her job because government contracts have been cut back. She is an engineer that programmed flight simulators for the Marines and the Navy. She's a smart girl with two engineering degrees and I'm sure she'll find another job. That's just the way life goes and there are never any guarantees. You always need a back-up plan. I have a plan if I need it and I'm now eligible to retire but I can only get my retirement, not my TSP or SS, so I need to continue working.
My plan has always been to never live beyond o...
Unlike the liberals who think the money is unlimited and you can kick that proverbial can down the road without a worry in the world, I live in the real world. I haven't spent a night worrying that I'll lose my job. If it happens, I'll survive. I've never taken anything for granted. My daughter just lost her job because government contracts have been cut back. She is an engineer that programmed flight simulators for the Marines and the Navy. She's a smart girl with two engineering degrees and I'm sure she'll find another job. That's just the way life goes and there are never any guarantees. You always need a back-up plan. I have a plan if I need it and I'm now eligible to retire but I can only get my retirement, not my TSP or SS, so I need to continue working.
My plan has always been to never live beyond our means, and by that I mean if only one of us is working. We haven't lived in the biggest house or driven the most expensive cars but we have more than we need and we don't have all that nagging worry people have to maintain their lifestyle. We have some rentals and my husband has a small business on the side. So, if USPS goes away tomorrow, so be it.
I'm not sure any of the money is really anywhere. What I do know is that if you work there the decrease in mail is extremely obvious. The postal service did a lot of stupid things and are still doing stupid things despite being in this predicament. I'm making more money than ever because I'm working overtime while some people are going home early without pay. We just got a ne...
I'm not sure any of the money is really anywhere. What I do know is that if you work there the decrease in mail is extremely obvious. The postal service did a lot of stupid things and are still doing stupid things despite being in this predicament. I'm making more money than ever because I'm working overtime while some people are going home early without pay. We just got a new district boss and it's a woman. My supervisor is worried, as he should be. You can't have undertime and be paying overtime, it's just very poor management.
I can't help the people who are going to get stuck there. We're supposed to be supportive of keeping Saturday delivery so the younger employees won't get cut but everytime I'm there on Saturday, I see that the younger ones have either taken a vacation day or have called in sick. I'm a little over worrying about their futures when they care nothing about themselves, mine or the USPS.
That's just the way I see it.
http://thehill.com/blogs/cong...
GM cut 20,000 jobs as part of the reorganization...to include 2000 dealerships..
you are wrong on that too..
http://www.reuters.com/articl...
http://money.cnn.com/2009/06/...
http://en.wikipedia.org/wiki/...
Nope, Washington D.C. intervened and decided to pick who was going to be a winner rather than the marketplace. Think about it, we gave Billions to a company that was unable to turn a profit. To help sales, our Federal Government now buys and leases GM auto's, thus making it look like they have an increase in sales. It's just a matter of time before they go Tango Union again.
As far as your assertion, you are indeed wrong. Q1 2012 the Toyota flagship is number one in worldwide sales (again), after falling to number 3 last year due to the tsunami and nuclear problems thereafter. Volkswagen is #2 with GM 3rd.
If you are talking about sales within the U.S., I already stated that their sales are greatly helped this year by Uncle Sam purchasing their vehicles. So think about that, since I was talking about profitability. The Federal Government is using tax dollars to buy GM cars so that GM can payback their bailout which came from tax dollars.
BRILLIANT!
GM share is near an all time low...
http://www.dailyfinance.com/2...
http://www.forbes.com/sites/l...
http://www.forbes.com/sites/l...
There should NEVER have been any "bailing" at all ..
let the one desiring to tank its business FAIL ..
there's always room for competition ..
and those businesses that do not adapt .. change .. innovate ..
will be on the Ash Heap of so many others who failed to meet the evolving market ...
Are you not familiar with our bankruptcy laws? Do you not realize that other investors, or even another company, would come along and buy the GM brand for a fraction of the stock price? They would restructure the organization, get rid of the unprofitable divisions and turn the company around.
But here's where things get interesting, under that scenario, guess what union organization would also have to restructure and renegotiate their contract??? If you guessed the Democrats FAVORITE union cronies, the UAW, you'd be correct. You see, the government couldn't allow GM to go into bankruptcy because then the UAW would have no leverage over GM. So the UAW's partners in government came along and did the restructuring themselves, illegally of course, making sure the bond holders were out and gave the UAW the sweetheart deal of the century.
This was straight up crony and corrupt corporatism, it had nothing to do with protecting GM or its employees.
And GM should be profitable after giving them nearly 4 times GMs 2008 market cap. Here's a great article on this subject.
GM's Profits are Still a Huge Net Loss For Taxpayers
http://www.theatlantic.com/bu...