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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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  • Whyputaname 2012/05/08 02:08:00
    Good job Obama, you got one right!
    Whyputaname
    I say good job, either way, if it economy tanked Obama would been blamed for that....Just like now he is being blamed for everything under the sun.....

    Other than Obama's base, they (the Independents) all voted for him and now they are crying in their beer...Why did they vote for him???...

    Ya know, I can't see another Reichtie in the Whitehouse after all they are the ones who created the mess to begin with.....
  • AL Whyputa... 2012/05/08 04:40:16
    AL
    +2
    The economy is tanking right now anyway!
  • TheTailor Whyputa... 2012/05/08 04:59:05
    TheTailor
    +1
    Obama's part was giving to the UAW what belonged to the bond holders.
  • avonwill 2012/05/08 01:49:48
    We should have let these Americans lose their jobs, then blamed Obama. (cuz y...
    avonwill
    +7
    What about the airlines who declared bankruptcy and have since emerged as leaner more competitive organizations?
    Don't be stupid, it was the UAW and their lobbyists who threatened to withhold contributions to the Dems if they didn't step in and protect their bloated payrolls. God forbid that the auto industry declared bankruptcy and then renegotiated their union contracts.
  • TheTailor avonwill 2012/05/08 05:01:53
    TheTailor
    +1
    They did go into Chapter 11 and renegotiate their union contracts. They got rid of a lot of dead weight.
  • avonwill TheTailor 2012/05/08 14:31:24
    avonwill
    ......................and the "dead weight" was?
  • TheTailor avonwill 2012/05/08 14:56:50
    TheTailor
    +1
    To much to list, but in addition to hammering the unions they sold off old factories and land holdings, smaller companies they owned, etc.
  • avonwill TheTailor 2012/05/14 01:32:48
    avonwill
    And by, "hammering the unions", you mean...?
  • TheTailor avonwill 2012/05/14 04:10:32
    TheTailor
    For decades UAW membership was dropping as the GM board brought in robotics.
  • avonwill TheTailor 2012/05/14 20:49:28
    avonwill
    It's called improving productivity. The times they are a changing my friend. Adapt or die.
  • TheTailor avonwill 2012/05/14 21:27:27
    TheTailor
    Lets hope the UAW dies, along with all other unions.
  • avonwill TheTailor 2012/05/22 18:59:31
    avonwill
    +1
    Agreed.
    Especially the public employees with their budget-busting pension deals.
  • ὤTṻnde΄ӂ 2012/05/08 01:47:42
    Good job Obama, you got one right!
    ὤTṻnde΄ӂ
    Obama was right and millions kept their job (everyone who supplies the car manufacturers with all kinds of parts as well as the manufacturers themselves.)
  • realityjunkie 2012/05/08 01:40:42
    Good job Obama, you got one right!
    realityjunkie
  • Rusty Shackleford 2012/05/08 01:36:51
    We should have let these Americans lose their jobs, then blamed Obama. (cuz y...
    Rusty Shackleford
    +7
    0bama's crony capitalism must end, there is no company too big to fail.
  • Whyputa... Rusty S... 2012/05/08 02:02:02
    Whyputaname
    Why so you could blame him more when it all tanked....Then went into depression....Is that what you wanted.....

    Let me guess you are heavily vested in the Stock Market right...So you would've made out on the deal wouldn't ya......Ah, ah, don't lie!!!!!

    Unless of course you have not a clue as to what you are talking about......
  • TheTailor Whyputa... 2012/05/08 05:02:46
    TheTailor
    +1
    GM would have reorganized without the government.
  • Dana 2012/05/08 01:30:31
    Good job Obama, you got one right!
    Dana
    We must always support American jobs and industries as lonmg as they run and work honestly. It is un American to ship jobs to other countries to increase profits and to have let the auto industry crumble would have been criminal. They were given the chance they needed and they actually made good on it. Too bad the banks just took the money and ran with it, we should have let them go under instead. Most of them run outside the USA anyways.
  • Boomer Dana 2012/05/08 16:05:14
    Boomer
    GM is doing that now see the story about opening another plant in China
  • Dana Boomer 2012/05/08 22:14:47
  • Boris D. 2012/05/08 01:22:12 (edited)
    We should have let these Americans lose their jobs, then blamed Obama. (cuz y...
    Boris D.
    +7
    Here's the thing - Obama bailed them out AND THEY STILL WENT BANKRUPT!
    You guys seem to be forgetting that pesky little fact.


    It wasn't Obama giving them our money that saved them, it was the bankruptcy, just like Mitt said it would save them.
    http://www.fortworthinjurylaw...
  • TheTailor Boris D. 2012/05/08 05:15:16
    TheTailor
    +1
    True, they would have made it through without the government.
  • Staind_wolf94 2012/05/08 00:52:58
    Good job Obama, you got one right!
    Staind_wolf94
    I'm in love with your views on GM, for one thing. I never liked GM. Well, except for the older Cadillacs. I loves me some boats! XD Anyways, I feel that people shouldn't lose their jobs just because they happen to work at an unfavorable company. And I'm not siding with Obama here, I'm really just siding against Santorum, because he would have killed off ALL of the car companies, including Chrysler, where I'm planning on starting my career.
  • XZQZQ Staind_... 2012/05/08 05:46:17
    XZQZQ
    +2
    GM got into trouble due to incompetent management, who allowed their labor costs to soar to twice the hourly cost of Honda's....given this, the company should have been allowed to go bankrupt, reorganized, and saved the American taxpayer billions of dollars, which we will never see again.
  • Staind_... XZQZQ 2012/05/08 10:20:27
    Staind_wolf94
    and saving American taxpayers a few dollars (which I know adds up over time) would justify the hundreds of thousands that would lose their jobs, and all sorts of money when they stop being paid?? I don't think I'd mind paying a little extra if it means other people can keep their jobs.
  • Boomer Staind_... 2012/05/08 16:07:53
    Boomer
    It is a private company and the government has no business saving it!!!!!!!!!!!!!!!!!!!!!!!! Other wise lets just do like the f**ken Russians did in the past and let the government run it, you see that history says that the government would screw it up anyway you look at it.
  • Staind_... Boomer 2012/05/09 00:56:09
    Staind_wolf94
    So if you had a company and it was going under because of the economy (and probably a few mistakes on your part, like he people running GM) you wouldn't want any help? You'd rather go completely bankrupt?
  • Boomer Staind_... 2012/05/09 12:35:17
    Boomer
    That is not the point, I would have no right to ask the government; run by the people to loan me money on a private venture. When I make a profit do you think I am going to give part of that profit to the government out of the goodness of my heart! Hell no. I took the risk I get the rewards or the consequences that is why it is called capitalism.
  • Staind_... Boomer 2012/05/10 21:00:40
    Staind_wolf94
    And people wonder why capitalism is considered so corrupt...
  • EdVenture 2012/05/08 00:50:54
    Good job Obama, you got one right!
    EdVenture
    +1
    The bailout was premised on a viable plan, saving 25K jobs including those related to it and thaat benefitting by it and the irreplacable pensions people invested in. Now that's a president! Go home Mitt Dumpme!
  • Inquisitve Kat 2012/05/08 00:46:14
    Good job Obama, you got one right!
    Inquisitve Kat
    +1
    And he managed to help out the workers as well by refusing to screw over unions!
  • zbacku Inquisi... 2012/05/08 04:16:48
    zbacku
    +2
    So, it's OK for the Unions to screw over the company? The Union put my Father's and my company OUT OF BUSINESS.
  • Inquisi... zbacku 2012/05/08 04:25:31
    Inquisitve Kat
    I highly doubt it, unless your companies were corrupt or poorly run.
    Learn to take personal responsibility. Sheesh.
  • XZQZQ Inquisi... 2012/05/08 05:50:59
    XZQZQ
    +1
    Corrupt or poorly run.... you mean, like GM ? Personal responsibility ? Like GM should have done, instead of running to Uncle Sugar ?
  • Boomer XZQZQ 2012/05/08 16:08:34
    Boomer
    Excellent point!!!!!!!!!!!
  • SK-pro impeachment 2012/05/08 00:45:13
    We should have let these Americans lose their jobs, then blamed Obama. (cuz y...
    SK-pro impeachment
  • Tombo 2012/05/08 00:36:07 (edited)
    Good job Obama, you got one right!
    Tombo
    +2
    Not a good choice of answers. GM would not have gone broke, just reorganized and they wouldn't be stuck with that car that no one wants. It's obvious why they came in 5th on Forbes 500; they have plenty of money...from the taxpayer. It wasn't a capitalist loan, it was crony capitalism. That loan will probably NEVER be paid back.





    http://3.bp.blogspot.com/-Swh... http://4.bp.blogspot.com/-437...
  • Swampdog PWCM 2012/05/08 00:31:12
    Good job Obama, you got one right!
    Swampdog PWCM
    Government bailouts are nothing new, Chrysler did it in the 1980's under Lee Iacoca, and he repaid them in record time. What you don't hear is that GM and Chrysler have paid back the money loaned or was that given by Obigot.
  • Tombo Swampdo... 2012/05/08 00:39:50
    Tombo
    +1
    The reason you never hear about the loans being paid back is because they were never paid back!
  • Swampdo... Tombo 2012/05/08 01:48:15
    Swampdog PWCM
    That's what I thought but there are others on this site who say the loans are being paid back.

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