GM highest profits EVER

[Truthmatters]

Nope.

How I wish the corporations did not have these peoples brains bought and sold by Fox and right wing radio

 

[Skull Pilot]

Saving the auto companies was a huge success. And in spite of your denials, over 80% has been paid back

GM and Chrysler have risen from the ashes and are both profitable companies. Rightwing predictions of disaster were once again proven wrong

A normal bankruptcy filing and restructuring would have done the same thing as it has done for thousands of other companies and we wouldn't have had to use any tax payer money to do it.

Who else was lining up to save the auto companies? The banks?

Would our failing financial sector have come up with $80 billion to save the failing auto sector?

One does not file bankruptcy with a bank you idiot. And they may have not needed 80 billion in tax payer money if they were treated like every other company that files bankruptcy.

 

[CrusaderFrank]

Saving the auto companies was a huge success. And in spite of your denials, over 80% has been paid back

GM and Chrysler have risen from the ashes and are both profitable companies. Rightwing predictions of disaster were once again proven wrong

A normal bankruptcy filing and restructuring would have done the same thing as it has done for thousands of other companies and we wouldn't have had to use any tax payer money to do it.

Who else was lining up to save the auto companies? The banks?

Would our failing financial sector have come up with $80 billion to save the failing auto sector?

You might to feign some illness that prevents you from posting any further in this thread because it's clear you don't know what you're talking about

 

[CrusaderFrank]

Nope.

How I wish the corporations did not have these peoples brains bought and sold by Fox and right wing radio

You want us all to be brainless like you, amiright?

 

[kaz]

Saving the auto companies was a huge success. And in spite of your denials, over 80% has been paid back

GM and Chrysler have risen from the ashes and are both profitable companies. Rightwing predictions of disaster were once again proven wrong

Quit your whining. So were you for corporate welfare before you were against it or were you against it before you were for it?

Companies that didn't run themselves into the ground had to compete with a company backed by government. You think because you're a naive liberal that everything happens in a vacuum. It doesn't. Crony capitalism where government picks the winners may have the word capitalism in it, but it's an abomination to capitalism and it's a facet of socialism.

On to your next whine, go...

 

[rightwinger]

A normal bankruptcy filing and restructuring would have done the same thing as it has done for thousands of other companies and we wouldn't have had to use any tax payer money to do it.

Who else was lining up to save the auto companies? The banks?

Would our failing financial sector have come up with $80 billion to save the failing auto sector?

One does not file bankruptcy with a bank you idiot. And they may have not needed 80 billion in tax payer money if they were treated like every other company that files bankruptcy.

Bankruptcy would have taken care of creditors, it would not have put them back on the path of success.
Obama forced corporate restructuring, new labor contract, closed unprofitable dealers and lines and provided an influx of much needed cash to help them pull out

Guess what? It worked

 

[rightwinger]

Saving the auto companies was a huge success. And in spite of your denials, over 80% has been paid back

GM and Chrysler have risen from the ashes and are both profitable companies. Rightwing predictions of disaster were once again proven wrong

Quit your whining. So were you for corporate welfare before you were against it or were you against it before you were for it?

Companies that didn't run themselves into the ground had to compete with a company backed by government. You think because you're a naive liberal that everything happens in a vacuum. It doesn't. Crony capitalism where government picks the winners may have the word capitalism in it, but it's an abomination to capitalism and it's a facet of socialism.

On to your next whine, go...

I agreed when Bush passed TARP also. Our auto industry was too big to fail.

Competing auto companies have been supported by their governments when they risked bankruptcy.

The Great Bush Recession was a crucial time. Crucial times call for crucial measures. The Bush Recession teetered on becoming the Bush Depression

Government bailouts and stimulus saved us

 

[Oldstyle]

Who else was lining up to save the auto companies? The banks?

Would our failing financial sector have come up with $80 billion to save the failing auto sector?

One does not file bankruptcy with a bank you idiot. And they may have not needed 80 billion in tax payer money if they were treated like every other company that files bankruptcy.

Bankruptcy would have taken care of creditors, it would not have put them back on the path of success.
Obama forced corporate restructuring, new labor contract, closed unprofitable dealers and lines and provided an influx of much needed cash to help them pull out

Guess what? It worked

I'm curious, Winger...would bankruptcy not have allowed corporate restructuring? (Pretty sure that's a yes!) Would it allow for a new labor contract? (Pretty sure it would have voided the existing labor contract) Would it have allowed them to close dealerships and lines (Pretty sure it would allow that to happen also) Now you're right that it wouldn't have provided an influx of much needed cash but when you examine what GM has done...paying off it's Obama bail out with billions that it got from the TARP bailout...wouldn't it have been easier just to NOT do the Obama bail out and let them keep the TARP money? Oh, but that would have meant that the UAW would have lost their contract completely instead of being able to bargain for only small reductions in their benefits! That's what the Obama bail out of GM and Chrysler was all about. All you have to do is look and it's as plain as the nose on your face. But you don't want to talk about GM paying back what they owe us with money that WE gave them...do you? That kind of blows the whole GM "success" story right out to the water...doesn't it? You don't want to talk about how we now own a whole bunch of stock that needs to almost double in value before we break even...now do you? Gee, Winger...how do you think GM is going to fare THIS year, now that Japan's car industry is recovered from the tidal wave that devastated companies like Toyota? Care to wager on GM retaining it's #1 spot in sales? I say they drop all the way down to number three by the end of the year. Now what do you think that will do to the price of their stock?

 

[Skull Pilot]

Who else was lining up to save the auto companies? The banks?

Would our failing financial sector have come up with $80 billion to save the failing auto sector?

One does not file bankruptcy with a bank you idiot. And they may have not needed 80 billion in tax payer money if they were treated like every other company that files bankruptcy.

Bankruptcy would have taken care of creditors, it would not have put them back on the path of success.
Obama forced corporate restructuring, new labor contract, closed unprofitable dealers and lines and provided an influx of much needed cash to help them pull out

Guess what? It worked

It worked and we will never see the taxpayer money returned so it cost us not them.

And companies go bankrupt because they can pay their creditors when the bad debt is taken care of the company is fiscally more sound. That's the whole point.

 

[rightwinger]

One does not file bankruptcy with a bank you idiot. And they may have not needed 80 billion in tax payer money if they were treated like every other company that files bankruptcy.

Bankruptcy would have taken care of creditors, it would not have put them back on the path of success.
Obama forced corporate restructuring, new labor contract, closed unprofitable dealers and lines and provided an influx of much needed cash to help them pull out

Guess what? It worked

It worked and we will never see the taxpayer money returned so it cost us not them.

And companies go bankrupt because they can pay their creditors when the bad debt is taken care of the company is fiscally more sound. That's the whole point.

In a normal economy that might be the trick. In an economy that is in a state of panic like we were in Feb 2009 all we would have gotten is liquidation

 

[Old Rocks]

This constant crying and puking about policies that have been proven to be successful by the GOP is becoming a real dead weight on their chances in the upcoming elections.

In fact, in the last two months, watching the GOP has become painful. Kind of like watching someone shoot themselves in the foot. Then pull the hammer back, and do it again and again until the cylinder is empty.

 

[driveby]

GM records its highest profit ever: $7.6 billion - Washington Times

Now profit is a good thing? Why don't you moonbats make up your fucking minds?.....

 

[Skull Pilot]

Bankruptcy would have taken care of creditors, it would not have put them back on the path of success.
Obama forced corporate restructuring, new labor contract, closed unprofitable dealers and lines and provided an influx of much needed cash to help them pull out

Guess what? It worked

It worked and we will never see the taxpayer money returned so it cost us not them.

And companies go bankrupt because they can pay their creditors when the bad debt is taken care of the company is fiscally more sound. That's the whole point.

In a normal economy that might be the trick. In an economy that is in a state of panic like we were in Feb 2009 all we would have gotten is liquidation

You don't know that with any certainty. That was just another scare tactic to convince you sheep that government can do anything it wants and you fell for it. Again

 

[rightwinger]

It worked and we will never see the taxpayer money returned so it cost us not them.

And companies go bankrupt because they can pay their creditors when the bad debt is taken care of the company is fiscally more sound. That's the whole point.

In a normal economy that might be the trick. In an economy that is in a state of panic like we were in Feb 2009 all we would have gotten is liquidation

You don't know that with any certainty. That was just another scare tactic to convince you sheep that government can do anything it wants and you fell for it. Again

And you know for a certainty that the auto companies would be just fine if allowed to go bankrupt?

The only thing that we know with certainty is that the bailout worked and the auto industry has made an outstanding recovery

 

[Skull Pilot]

In a normal economy that might be the trick. In an economy that is in a state of panic like we were in Feb 2009 all we would have gotten is liquidation

You don't know that with any certainty. That was just another scare tactic to convince you sheep that government can do anything it wants and you fell for it. Again

And you know for a certainty that the auto companies would be just fine if allowed to go bankrupt?

The only thing that we know with certainty is that the bailout worked and the auto industry has made an outstanding recovery

it doesn't matter if private companies file bankruptcy. And it's not the business of the fucking government to tell us which companies can or can't file bankruptcy.

And one company does not make the auto industry. There are companies that did just fine without taxpayer money. Maybe those are the companies that we should be celebrating not the ones that are a black hole for our money.

It may have been better if GM was broken up and parceled out. It would have certainly cost us less and we wouldn't have to be footing the bill for subsidizing the Chevy Dolt or the new Edzel as I like to call it.

 

[rightwinger]

You don't know that with any certainty. That was just another scare tactic to convince you sheep that government can do anything it wants and you fell for it. Again

And you know for a certainty that the auto companies would be just fine if allowed to go bankrupt?

The only thing that we know with certainty is that the bailout worked and the auto industry has made an outstanding recovery

it doesn't matter if private companies file bankruptcy. And it's not the business of the fucking government to tell us which companies can or can't file bankruptcy.

And one company does not make the auto industry. There are companies that did just fine without taxpayer money. Maybe those are the companies that we should be celebrating not the ones that are a black hole for our money.

It may have been better if GM was broken up and parceled out. It would have certainly cost us less and we wouldn't have to be footing the bill for subsidizing the Chevy Dolt or the new Edzel as I like to call it.

Two of the three American auto makers were bailed out. I really don't care to bail out Toyota or Hyundai, but am sure their countries would bail them out if needed

Woulda, coulda, shoulda.......
The auto companies might have survived if allowed to go bankrupt.

What we do know is that the auto companies did great thanks to the American taxpayer standing behind American industry

 

[dblack]

it doesn't matter if private companies file bankruptcy. And it's not the business of the fucking government to tell us which companies can or can't file bankruptcy.

This is the nature of corporatism. And we're going to be seeing a lot more of it. We're essentially abandoning the rule of law and replacing it with a regulatory regime that punishes its enemies and rewards its friends, a state that governs by special privilege and targeted punishments.

 

[Truthseeker420]

 

[Skull Pilot]

And you know for a certainty that the auto companies would be just fine if allowed to go bankrupt?

The only thing that we know with certainty is that the bailout worked and the auto industry has made an outstanding recovery

it doesn't matter if private companies file bankruptcy. And it's not the business of the fucking government to tell us which companies can or can't file bankruptcy.

And one company does not make the auto industry. There are companies that did just fine without taxpayer money. Maybe those are the companies that we should be celebrating not the ones that are a black hole for our money.

It may have been better if GM was broken up and parceled out. It would have certainly cost us less and we wouldn't have to be footing the bill for subsidizing the Chevy Dolt or the new Edzel as I like to call it.

Two of the three American auto makers were bailed out. I really don't care to bail out Toyota or Hyundai, but am sure their countries would bail them out if needed

Woulda, coulda, shoulda.......
The auto companies might have survived if allowed to go bankrupt.

What we do know is that the auto companies did great thanks to the American taxpayer standing behind American industry

The auto companies would have been liquidated or so you say with absolutely no proof. There are no certainties in the real world so I don't know how you can be so fucking sure of the outcomes. And until the taxpayers are paid back 100% plus interest the bailouts were a failure and money was lost.


The government has no business interfering with or owning stock in private companies.

If you want a nationalized auto industry then just say so and stop pretending the market would not have sorted this out as it has done in the past and will continue to do in the future or is it your position that the government use our money to bail out every company that should file for bankruptcy?

 

[Skull Pilot]

Yeah I love poorly run companies too. I especially love having the fucking government give my money to them never to have it all paid back