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
|
|
|||||
|
79 votes
|
|
24% | ||
|
218 votes
|
|
67% | ||
|
30 votes
|
|
9% | ||
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?
you say that you do your research on candidates and issues and then you vote accordingly. so, how many repubs have you voted for in your life? if you say none then you are a fool and you do not research the issues and candidates at all but rather just toe the democrat line
and to answer that question that is burning right now in your brain, in my life I have voted for dems, repubs, and independents, because I truly do my research and vote my conscience
BTW, detroit crashed and burned years ago and it is a damned shame that the politicians allowed that to happen to a once formidable american city
Because of this dive in stock price, the Treasury Department was forced to revise its projected bailout losses upwards to $25.1 billion from $21.7 billion — an increase of 15 percent.
“It’s doubtful that the Obama administration would attempt to sell off the government’s massive position in GM while the stock price is falling. It would be too embarrassing politically. Accordingly, if GM shares continue to decline, it is likely that Obama would ride the stock down to zero,”
No president wants this to happen on his watch. That is how GM extorted its way into a bailout.