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General Motors Ranked 5th on Forbes 500... Thank you Obama, or we should have let them go under?

Met 2012/05/07 17:13:46
Good job Obama, you got one right!
We should have let these Americans lose their jobs, then blamed Obama. (cuz you know that's what would have happened)
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I'm not a big fan of GM. I hate Chevy, and can't stand Cadillacs, but their turnaround has been nothing short of Miraculous, given how close they were to going under just 3 years ago.

After Obama Approved a capitalist loan to bail out the troubled American Auto Manufacturer, GM is not only repaying the loan with interest, but kicking ass as a corporation again, getting honored by making the 5 spot on the Forbes 500.

Thank you Obama, or just jobs we should have let go?
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Top Opinion

  • Keeping It Real 2012/05/07 17:44:54
    Good job Obama, you got one right!
    Keeping It Real
    +18
    The president got more then one right and if it wasn't for his leadership our economy would have fallen off the cliff to say the least! obama 2012 in glitter

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  • Tombo Swampdog 2012/05/08 02:29:57
    Tombo
    No, and Chrysler belongs to Fiat.
  • Swampdog Tombo 2012/05/08 02:37:45
    Swampdog
    That's right and doesn't Mercedes-Benz belong to someone else also?
  • Tombo Swampdog 2012/05/09 02:36:12
    Tombo
    +1
    Now that I don't know about but I wouldn't be surprised.
  • Swampdog Tombo 2012/05/09 19:53:08
    Swampdog
    They have a plant in Alabama.
  • XZQZQ Swampdog 2012/05/08 05:53:47
    XZQZQ
    +1
    The Treasury made quite a bit of $$ from the Chrysler deal, but apparently the GM situation is structured differently, and the taxpayers are gonna take it in the panties on that one.
  • GuruA2J~#IOKIYAR~612 BLOCKT 2012/05/08 00:05:47
    Good job Obama, you got one right!
    GuruA2J~#IOKIYAR~612 BLOCKT
    +6
    Irregardless of how people feel about GM cars; them families would have seen extremely hard times as well as the parts suppliers. Obama did the right thing & I'm sure the families (even if some are Republican) are thankful also.
  • EdVenture GuruA2J... 2012/05/08 00:56:30
    EdVenture
    +3
    Romneys approach was to let them go into bankruptcy, wipe out the pensions and unions and buy the company for $.10 on the dollar, then sell off the liabilities for a profit.
  • GuruA2J... EdVenture 2012/05/08 02:04:09
    GuruA2J~#IOKIYAR~612 BLOCKT
    +1
    Which is why I called it "vulture capitalism."
  • Freedom4 2012/05/07 23:46:54 (edited)
    We should have let these Americans lose their jobs, then blamed Obama. (cuz y...
    Freedom4
    +5
    Actually, the unions bankrupt them through policies Obama has made worse. Bush sai that they should go through traditional bankruptcy but instead dictator Obama threw put all bankruptcy laws, screwed every investor and rewarded the unions that bankrupt them. It amazes me how disconnected from

    Reality you dunno rats really are.

    [...]
  • Inquisi... Freedom4 2012/05/08 00:44:31
    Inquisitve Kat
    +3
    People in unions pay union dues and unions protect workers... your information is flawed.
  • Freedom4 Inquisi... 2012/05/08 19:12:10
    Freedom4
    Actually, people in unions pay sues to bribe public officials to get them to give them more of tax payers hard earned money. The unions also chase jobs out of the country and use thug tactics to extort and intimidate people. Your information is outdated by about 50 years
  • Inquisi... Freedom4 2012/05/08 19:29:08
    Inquisitve Kat
    No, unions work to protect the employees when companies use thug tactics, like moving to another location or paying low wages.
  • Idiot r... Freedom4 2012/05/08 01:01:42
    Idiot repubs
    +1
    However, according to the latest data, President Obama has been very good for America’s biggest businesses. Last year, in fact, the Fortune 500 made a record $824 billion, topping the previous record set before the Great Recession:


    The Fortune 500 generated a total of $824.5 billion in earnings last year, up 16.4% over 2010. That beats the previous record of $785 billion, set in 2006 during a roaring economy. The 2011 profits are outsized based on two key historical metrics. They represent 7% of total sales, vs. an average of 5.14% over the 58-year history of the Fortune 500. Companies are also garnering exceptional returns on their capital. The 500 achieved a return-on-equity of 14.3%, far above the historical norm of 12%.
  • XZQZQ Idiot r... 2012/05/08 05:59:31
    XZQZQ
    +1
    Big Government and Big Business are very comfortable with each other. The latter has the clout to influence the former, provide lavish campaign donations & perks, and both are happy. However, most of the new jobs are found in small business, which is left out of the equation.
  • Freedom4 Idiot r... 2012/05/08 19:34:03
    Freedom4
    Some of that is due to inflation and all of the money that was printed and part was due to cost reductions. It is definitely not due to raging demand. Second, that is not incongruent with the problem of socialism and big goverents squashing business. The fortune 500 has bought Obama and other politicians so they can get loopholes in many regulations and special tax exceptions. It is the small businesses that suffer immensely because the costs of regulations give them a far greater burden and they are the ones that get hit the hardest with the tax laws. The problem is that as the large existing companies become outdated, our economy relies heavily on innovation and new companies coming in to replace antiquated ones. Socialism kills that. It is an entirely short sided and nonsensical ideology. It destroyed Europe and some idiots are still pushing for it.
  • Idiot r... Freedom4 2012/05/08 21:45:41
    Idiot repubs
    +1
    So you are making excuses why the fortune 500 didn't really make a record amount of profit when they did?

    You are delusional. It is a fact the fortune 500 made a record amount of profit last year.
  • Freedom4 Idiot r... 2012/05/08 22:46:20 (edited)
    Freedom4
    Not at all. Just stating facts. Have you missed how Europe is in shambles due to the exact same failed policies Obama is pushing? Economies always come back from recessions. FDR, Carter, and Obama all tried the same nonsense and every time it has dragged it out.
  • Idiot r... Freedom4 2012/05/09 00:04:55 (edited)
    Idiot repubs
    Failed policies that have doubled the dow, created more jobs than bush and allowed record profits for the fortune 500?

    Nice "failed" policies.
  • Freedom4 Idiot r... 2012/05/09 01:19:26
    Freedom4
    Until you idiot democrats can explain how higher taxes, paying people to be lazy and not work, higher regulations, overpowerful trial lawyers, overpowerful unions that cost $450 and 4 different workers to change a light bulb, higher energy costs, higher health care costs, and a give everyone a trophy and pass incompetent students mentality is in any way good for the economy, you really have no substance at all.

    Every democrat policy is bad for jobs, bad for the economy, and bad for everyone willing to actually work to get ahead. The only people it is good for is the lazy entitlement junkies that choose to live off the backs of others that shrink the economic pie for everyone.



    The democrats only REAL argument is that it is ok to destroy the economy, country, burry our children in debt, and take away people's freedom so that perfectly able bodied people do not have to take responsibility for themselves. So, let’s be honest and argue your case on its merits.



    All democrat 'progressive' policies have gotten us is massive debt, a weak economy, a credit downgrade, jobs fleeing in droves, and a whole class of lazy unappreciative entitlement junkies. We need to simply admit that they are failed policies and kick the democrats out. While the same failed policies have bankrupt Europe and ...



    Until you idiot democrats can explain how higher taxes, paying people to be lazy and not work, higher regulations, overpowerful trial lawyers, overpowerful unions that cost $450 and 4 different workers to change a light bulb, higher energy costs, higher health care costs, and a give everyone a trophy and pass incompetent students mentality is in any way good for the economy, you really have no substance at all.

    Every democrat policy is bad for jobs, bad for the economy, and bad for everyone willing to actually work to get ahead. The only people it is good for is the lazy entitlement junkies that choose to live off the backs of others that shrink the economic pie for everyone.



    The democrats only REAL argument is that it is ok to destroy the economy, country, burry our children in debt, and take away people's freedom so that perfectly able bodied people do not have to take responsibility for themselves. So, let’s be honest and argue your case on its merits.



    All democrat 'progressive' policies have gotten us is massive debt, a weak economy, a credit downgrade, jobs fleeing in droves, and a whole class of lazy unappreciative entitlement junkies. We need to simply admit that they are failed policies and kick the democrats out. While the same failed policies have bankrupt Europe and Europe is running from them, the idiot democrats are still pushing for them here. Are they oblivious and greedy for other people's private property, or intentionally trying to destroy the country?



    Anyone can be successful. Immigrants come here every day uneducated, broke, and unable to even speak English and have a far higher success rate than Americans born here that are too lazy to even take advantage of a free HS diploma. We need to stop all this democrat whining and blaming others and start expecting able bodied people to actually work and support themselves, live everyone else does, and every generation has done throughout the history of the country.
    (more)
  • Idiot r... Freedom4 2012/05/09 02:45:44 (edited)
    Idiot repubs
    Taxes aren't higher your fear induced foxland is all a lie. Only fools would think taxes are higher.

    The economy is much better than bush left it, that is just a fact, all of your paranoid ramblings isn't going to change the facts.
  • Freedom4 Idiot r... 2012/05/09 10:36:41
    Freedom4
    Those are all economy crushing policies you idiots are pushing you incompetent dunce. It is time to play adult and expect able bodied people to work. I know that upsets you but you can do it like everyone else.
  • Met Idiot r... 2012/05/08 21:49:39
    Met
    +1
    The dow has also doubled under Obama policy since it's low in march of 09 shortly after he took office.

    Replacing nearly every cent of the 10 years of accumulated wealth lost during the last year of the bush presidency.
  • Freedom4 Met 2012/05/09 01:19:33
    Freedom4
    Until you idiot democrats can explain how higher taxes, paying people to be lazy and not work, higher regulations, overpowerful trial lawyers, overpowerful unions that cost $450 and 4 different workers to change a light bulb, higher energy costs, higher health care costs, and a give everyone a trophy and pass incompetent students mentality is in any way good for the economy, you really have no substance at all.

    Every democrat policy is bad for jobs, bad for the economy, and bad for everyone willing to actually work to get ahead. The only people it is good for is the lazy entitlement junkies that choose to live off the backs of others that shrink the economic pie for everyone.



    The democrats only REAL argument is that it is ok to destroy the economy, country, burry our children in debt, and take away people's freedom so that perfectly able bodied people do not have to take responsibility for themselves. So, let’s be honest and argue your case on its merits.



    All democrat 'progressive' policies have gotten us is massive debt, a weak economy, a credit downgrade, jobs fleeing in droves, and a whole class of lazy unappreciative entitlement junkies. We need to simply admit that they are failed policies and kick the democrats out. While the same failed policies have bankrupt Europe and ...



    Until you idiot democrats can explain how higher taxes, paying people to be lazy and not work, higher regulations, overpowerful trial lawyers, overpowerful unions that cost $450 and 4 different workers to change a light bulb, higher energy costs, higher health care costs, and a give everyone a trophy and pass incompetent students mentality is in any way good for the economy, you really have no substance at all.

    Every democrat policy is bad for jobs, bad for the economy, and bad for everyone willing to actually work to get ahead. The only people it is good for is the lazy entitlement junkies that choose to live off the backs of others that shrink the economic pie for everyone.



    The democrats only REAL argument is that it is ok to destroy the economy, country, burry our children in debt, and take away people's freedom so that perfectly able bodied people do not have to take responsibility for themselves. So, let’s be honest and argue your case on its merits.



    All democrat 'progressive' policies have gotten us is massive debt, a weak economy, a credit downgrade, jobs fleeing in droves, and a whole class of lazy unappreciative entitlement junkies. We need to simply admit that they are failed policies and kick the democrats out. While the same failed policies have bankrupt Europe and Europe is running from them, the idiot democrats are still pushing for them here. Are they oblivious and greedy for other people's private property, or intentionally trying to destroy the country?



    Anyone can be successful. Immigrants come here every day uneducated, broke, and unable to even speak English and have a far higher success rate than Americans born here that are too lazy to even take advantage of a free HS diploma. We need to stop all this democrat whining and blaming others and start expecting able bodied people to actually work and support themselves, live everyone else does, and every generation has done throughout the history of the country.
    (more)
  • Hsmagst 2012/05/07 23:25:58
  • GuruA2J... Hsmagst 2012/05/08 00:13:53
    GuruA2J~#IOKIYAR~612 BLOCKT
    +5
    Goes to show how much you were paying attention. Everybody (including the unions) had to make serious sacrifices.
  • Hsmagst GuruA2J... 2012/05/08 11:45:21
  • Kane Fernau 2012/05/07 23:12:00
    We should have let these Americans lose their jobs, then blamed Obama. (cuz y...
    Kane Fernau
  • findthelight2000 2012/05/07 22:57:35
    Good job Obama, you got one right!
    findthelight2000
    +10
    It amazes me how many so-called "patriotic Americans" would have preferred for GM to go bankrupt, and to further destroy America's greatness, simply because it would have been one less victory for President Obama!

    GM and obama
  • Dana findthe... 2012/05/08 01:33:28
    Dana
    +2
    No kidding. Hit the nail on the head.
  • DavidK findthe... 2012/05/08 18:14:56 (edited)
  • findthe... DavidK 2012/05/09 00:55:10
  • Nancy~PWCM~JLA~POTL 2012/05/07 22:55:24
    We should have let these Americans lose their jobs, then blamed Obama. (cuz y...
    Nancy~PWCM~JLA~POTL
    +4
    I do think that enterprising people can rise up . Ford managed to take hold and never asked for a government bailout. Why do you suppose that happened?
  • findthe... Nancy~P... 2012/05/07 23:00:24
    findthelight2000
    +9
    Because when Obama's overseers took over in GM and Chrysler they demanded better quality for better worldwide competition, and Ford followed suit. Any other brilliant conspiracy theories?
  • Nancy~P... findthe... 2012/05/07 23:33:11
    Nancy~PWCM~JLA~POTL
    +4
    the regulations are endless. Not conspiracy just reality
  • EdVenture Nancy~P... 2012/05/08 01:05:19
    EdVenture
    +4
    Reagan deregulated the banks, Bush excellerated those policies there have been two major nat'l bank failures and several recessions since then because of a lack of the regs that were there to prevent failure and abuse.
  • Nancy~P... EdVenture 2012/05/08 01:19:20
    Nancy~PWCM~JLA~POTL
    +2
    Hello Barney Frank where does this moron enter in the big pic for the housing mess? Either you are tied to Dem party or have been asleep for the last few years Rip Van wrinkle to not see what happened in the meantime. BTW I am Independent voter and I can see it first hand experience what this has done and made so many homeless right now today. They have lost everything because they were of the thought that we all deserve a house and ownership. Collapse!

    Wake up! Many are not deserving and cannot handle it!
  • EdVenture Nancy~P... 2012/05/08 01:38:55
    EdVenture
    +3
    You exemplify your ignorance, The failure was caused by deregulation in conjunction witk the greed and mission of the banking industry that viewed their purpose on making money for themselves and moving massive blocks of marginal loans they made because they could sell them of in the form of derivitives, but not limited to that. A complete lack of fudiciary to their depositors and clients. Regards.
  • Nancy~P... EdVenture 2012/05/08 01:42:03
    Nancy~PWCM~JLA~POTL
    +1
    your comment is retarded. Thanks cuz you make me look good!
  • EdVenture Nancy~P... 2012/05/08 01:55:09
    EdVenture
    +3
    good for you
  • Nancy~P... EdVenture 2012/05/08 02:01:10
    Nancy~PWCM~JLA~POTL
    you are so foolish and I actually liked your comments until...You failed to connect with reality and then you lost me.There is still time and I am not a 'hater'. I am an experienced thinker :-) I have room for all thoughts and do not diss people because I am all about what I think. I have room for other thoughts as well

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