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Thread: GM Profits down 41%. Thanks Obama!

  1. Default

    Quote Originally Posted by BestViewedWithCable View Post
    Maybe the UAW shouldnt own the company they organize against???
    because its going to well? why is it bad for the union to have a vested interest in the companys success?
    "We will kill bin Laden. We will crush al-Qaida. That has to be our biggest national security priority." -BHO, Oct 08

    Obama took that 3am phone call....and then shot OBL in the face.


  2. Default

    Quote Originally Posted by texmaster View Post
    No they still owe billions of dollars and now their "profit" is in a free fall.


    This is what happens when the government takes over business. Learn from it.
    billions and billions in profit? thousands of quality jobs?
    "We will kill bin Laden. We will crush al-Qaida. That has to be our biggest national security priority." -BHO, Oct 08

    Obama took that 3am phone call....and then shot OBL in the face.

  3. #13

    Default

    Quote Originally Posted by Iriemon View Post
    LOL. Conservatives. Bleating blame Obaaaaaaaaama. Doesn't matter what it is. They're like sheep.
    LOL. Leftwad usefull idiots defending the Epic Fail.

    8.2% U3, 1.5% GDP. This is doom for my beloved country and YOU OWN IT!
    I don’t “need” my AK-47 any more than Rosa Parks “needed” to sit in the front of that bus.

    SHRUG

  4. Default

    Quote Originally Posted by The Mello Guy View Post
    because its going to well? why is it bad for the union to have a vested interest in the companys success?
    because they claim to support workers who are repressed by evil corporations... ya know, like the one they own.... GM
    With their infernal racial set-asides, racial quotas, and race norming, liberals share many of the Klan's premises. The Klan sees the world in terms of race and ethnicity. So do liberals! Indeed, liberals and white supremacists are the only people left in America who are neurotically obsessed with race. Conservatives champion a color-blind society. -- Ann Coulter

    I am jack's righteous indignation....

  5. #15

    Default

    Quote Originally Posted by Iriemon View Post
    Which liberals were taking credit for GM doing well?
    All of them.
    I don’t “need” my AK-47 any more than Rosa Parks “needed” to sit in the front of that bus.

    SHRUG

  6. Default

    Quote Originally Posted by Iriemon View Post
    Which liberals were taking credit for GM doing well? Liberals I've seen point out that Obama's interventioned saved GM and the rest of the auto industry from collapse because of the recession, but I don't recall them taking credit for GM doing well. I certainly haven't

    Can you link to posts where liberals did this?

    Or is this just another conservative blame Obaaaaaaaaaaaaama straw man thread?


    LOL Obviously you haven't been paying attention

    GM is now the world's top selling automaker

    Score a big one for Obama. Auto-manufacturing is the backbone of American manufacturing and if it weren't for Obama loaning GM money, which Republicans were against, our manufacturing would have taken another hit. Not to mention, it's share of the market would most likely be replaced by a foreign competitor. Obama is for America. Are Republicans?
    Texmaster's Post of the Week: Leftists cry "power to the people!!"....and when the people disagree with them, they cry "power to the courts!!" Webrockk

    Flag burning is the left's baseball Brewskier

    The gold standard we all aspire to achieve is set and maintained by Kabuki Joe

  7. Default

    Quote Originally Posted by The Mello Guy View Post
    billions and billions in profit? thousands of quality jobs?
    Billions in debt. No movement upward in stock.

    GM, on the other hand, still owes more than half the $50 billion in federal funds it received when the combination of the recession and its costly union contracts drove it into bankruptcy. And its lending arm, GMAC (now Ally Financial), still owes $14.5 billion.

    What's worse, it's not clear that GM actually repaid what it's gotten credit for repaying. Check out this note buried in the inspector's report: "As part of a credit agreement with Treasury, $16.4 billion in TARP funds were placed in an escrow account that GM could access only with Treasury's permission."


    http://news.investors.com/article/60...er-bailout.htm

    Try to keep up Mello.
    Last edited by texmaster; Aug 02 2012 at 09:14 AM.
    Texmaster's Post of the Week: Leftists cry "power to the people!!"....and when the people disagree with them, they cry "power to the courts!!" Webrockk

    Flag burning is the left's baseball Brewskier

    The gold standard we all aspire to achieve is set and maintained by Kabuki Joe

  8. #18

    Default

    Quote Originally Posted by Radio Refugee View Post
    LOL. Leftwad usefull idiots defending the Epic Fail.

    8.2% U3, 1.5% GDP. This is doom for my beloved country and YOU OWN IT!
    That's doom to you?

    What word would you use to describe this?



    January 2009

    Job loss: Worst in 34 years
    Employers slashed 598,000 more jobs in January [2009] as unemployment rate climbed to 7.6%.

    NEW YORK (CNNMoney.com) -- Employers slashed another 598,000 jobs off of U.S. payrolls in January, taking the unemployment rate up to 7.6%, according to the latest government reading on the nation's battered labor market.

    The latest job loss is the worst since December 1974, and brings job losses to 1.8 million in just the last three months, or half of the 3.6 million jobs that have been lost since the beginning of 2008.


    http://money.cnn.com/2009/02/06/news...uary/index.htm

    Market players were also disappointed by reports that U.S. home prices fell 8.7% year-over-year in November, U.S. housing starts fell 15.5% in December, and weekly initial jobless claims rose 62,000 to 589,000.
    http://www.businessweek.com/investor...122_192905.htm

    On Wednesday, the 30-stock Dow Jones industrial average finished with a loss of 248.42 points, or 2.94%, to 8,200[/B].

    http://www.businessweek.com/investor...114_103250.htm

    598,000 Jobs Shed In Brutal January

    Unemployment Hits 7.6% as Downturn Picks Up Steam

    The need for progress on those fronts seemed more important than ever yesterday, as the Labor Department announced that conditions worsened more than expected last month. The nation's employers shed 598,000 jobs, the most since 1974, driving the unemployment rate to 7.6 percent from 7.2 percent. If the jobless rate keeps rising at the pace it has for the past two months, it will hit double digits in summer and reach its highest rate since the Great Depression by the fall.


    http://www.washingtonpost.com/wp-dyn...020601156.html

    GROSS DOMESTIC PRODUCT: FOURTH QUARTER 2008 (PRELIMINARY)
    Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 6.2 [later revised to 9.2] percent in the fourth quarter of 2008[/B], (that is, from the third quarter to the fourth quarter), according to preliminary estimates released by the Bureau of Economic Analysis.


    http://www.bea.gov/newsreleases/nati...df/gdp408p.pdf

    Continued Unemployment Claims at Record High
    In the week ending Jan. 24, the advance figure for seasonally adjusted initial claims was 588,000, an increase of 3,000 from the previous week's revised figure of 585,000.

    http://www.calculatedriskblog.com/20...at-record.html

  9. #19

    Default

    Quote Originally Posted by texmaster View Post
    LOL Obviously you haven't been paying attention

    GM is now the world's top selling automaker

    Score a big one for Obama. Auto-manufacturing is the backbone of American manufacturing and if it weren't for Obama loaning GM money, which Republicans were against, our manufacturing would have taken another hit. Not to mention, it's share of the market would most likely be replaced by a foreign competitor. Obama is for America. Are Republicans?
    Exactly. Pointing out the fact that GM would have gone under but for Obama's intervention. How is that taking credit for doing well?

  10. Default

    Quote Originally Posted by The Mello Guy View Post
    they made a billion dollars....with a unionized workforce....I guess righties would like to see more people lose their job so they can get back to 2 billion?
    Umm...since when is POSTING A MULTI-BILLION DOLLAR LOSS, "making money"? They HELPED THEMSELVES to OUR MONEY,and now the chickens have come home to roost.

    The asinine idea that UAW could operate a company is another asinine Leftdweeb Non-Reality event....
    "When the Electorate realizes they can vote themselves money from the Treasury, it will herald the end of the Republic." - Benjamin Franklin (most likely)



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