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Speaking of signs of a recovery...

Old 02-27-2012, 08:23 AM
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Default Speaking of signs of a recovery...

This is welcome news for us Michiganders.
http://news.yahoo.com/detroit-automa...080141880.html
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Old 02-27-2012, 10:30 AM
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That's good news
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Old 02-27-2012, 10:45 AM
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So hopefully their stock will go up to all time record levels which is what has to happen to pay back the government's auto bailout...and reimburse the taxpayers.

I donot think that will happen...dumbo cut the deal based on the government owning GM stock instead of a paying it back in cash.

Last edited by bmw332is; 02-27-2012 at 01:11 PM.
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Old 02-27-2012, 10:49 AM
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after seeing those undercover films of auto workers smoking pot and drinking alcohol on break and lunch time I'm not surprised they can't keep up.
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Old 02-27-2012, 11:13 AM
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Total jobs eliminated?....over 300,000 from the auto building/parts houses...not including jobs lost from closed dealers/truckers....getting 20,000 back?.....not really optimistic yet...
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Old 02-27-2012, 11:36 AM
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Good for union thugs, not good for the taxpayers that have lost over $15 billion on those POS companies. No good for the bondholders that lost billions in the illegal reorganization. No-good for taxpayers that will not see any tax income from GM since it was given a once in a lifetime $25 billion tax loophole. Yup, the idiots in Michigan must real proud of their accomplishments.
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Old 02-27-2012, 11:49 AM
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Originally Posted by Tireless View Post
Good for union thugs, not good for the taxpayers that have lost over $15 billion on those POS companies. No good for the bondholders that lost billions in the illegal reorganization. No-good for taxpayers that will not see any tax income from GM since it was given a once in a lifetime $25 billion tax loophole. Yup, the idiots in Michigan must real proud of their accomplishments.
So you think it's better for those people to not be working? And the companies not to be doing better?
Really?
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Old 02-27-2012, 11:52 AM
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Originally Posted by Jus Teasin View Post
So you think it's better for those people to not be working? And the companies not to be doing better?
Really?
I wonder how many people have gone under--ordinary citizens and small businesses--because of the bailout?

You won't hear that number.
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Old 02-27-2012, 11:58 AM
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Originally Posted by Capt.Willie View Post
I wonder how many people have gone under--ordinary citizens and small businesses--because of the bailout?

You won't hear that number.
I'm talking about now, not the past. Isn't it better for our economy that some companies are doing better, and putting more people to work than not?
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Old 02-27-2012, 11:58 AM
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Originally Posted by Jus Teasin View Post
So you think it's better for those people to not be working? And the companies not to be doing better?
Really?
Bankruptcy could have accomplished the same thing.
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Old 02-27-2012, 12:02 PM
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Originally Posted by Jus Teasin View Post
I'm talking about now, not the past. Isn't it better for our economy that some companies are doing better, and putting more people to work than not?
I am talking about now. That money did not come from the gubment. It came from families and business owners that had to suffer for GM's poor management. Who is bailing out us--no one--yet we keep having to pay.

Bankruptcy by GM would have been far better for the people across this country. There is more to the world than Detroit.
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Old 02-27-2012, 12:06 PM
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Originally Posted by Jus Teasin View Post
So you think it's better for those people to not be working? And the companies not to be doing better?
Really?
Drinking the Koolaid? Had GM gone into a legal bankruptcy the assets would have been purchased by a company with competent management and most of the folks would still be employed today, taxpayers wouldn't be out ten's of billions and the union thugs would have taken the financial hit they deserve. Maybe you can convince your friends the bailout was good, intelligent people know it was an epic example of crony capitalism that rewards scumbags and penalizes taxpayers and competent competitors. Yeehaw, chalk up another major victory for the Fascist in Chief.
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Old 02-27-2012, 12:08 PM
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Originally Posted by Capt.Willie View Post
I am talking about now. That money did not come from the gubment. It came from families and business owners that had to suffer for GM's poor management. Who is bailing out us--no one--yet we keep having to pay.

Bankruptcy by GM would have been far better for the people across this country. There is more to the world than Detroit.
Detroit is the rectum of the Country.
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Old 02-27-2012, 12:14 PM
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Originally Posted by Capt.Willie View Post
I am talking about now. That money did not come from the gubment. It came from families and business owners that had to suffer for GM's poor management. Who is bailing out us--no one--yet we keep having to pay.

Bankruptcy by GM would have been far better for the people across this country. There is more to the world than Detroit.
But the bailout did happen. So do you want to keep living in the past, and want GM to go out of business. Do you want all the people employed by them to be out of a job?
Time to look to the future because you can't change the past.

It doesn't seem to surprise me that there are people that just don't want to hear of anything good happening!
FYI, people going back to work is good.
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Old 02-27-2012, 12:25 PM
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Soon to be derailed by high fuel costs.
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Old 02-27-2012, 12:26 PM
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Originally Posted by Tireless View Post
Drinking the Koolaid? Had GM gone into a legal bankruptcy the assets would have been purchased by a company with competent management and most of the folks would still be employed today, taxpayers wouldn't be out ten's of billions and the union thugs would have taken the financial hit they deserve. Maybe you can convince your friends the bailout was good, intelligent people know it was an epic example of crony capitalism that rewards scumbags and penalizes taxpayers and competent competitors. Yeehaw, chalk up another major victory for the Fascist in Chief.
I never agreed with the bailout, but it happenend. I always thought that it would have been better if the taxpayers had been given the money instead of the companies (1 trillion = $25,000 for 40 million people), half of the money would be in circulation in a month. Instead, it was turned into "golden parachutes" for executives and CEO's.
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Old 02-27-2012, 12:26 PM
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Originally Posted by Jus Teasin View Post
But the bailout did happen. So do you want to keep living in the past, and want GM to go out of business. Do you want all the people employed by them to be out of a job?
Time to look to the future because you can't change the past.

It doesn't seem to surprise me that there are people that just don't want to hear of anything good happening!
FYI, people going back to work is good.
I expect GM to pay every red cent back to me--not back to the gubment--it was not the gubs money.

I never want a gubment that will do such crazy things ever again with my money.
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Old 02-27-2012, 12:28 PM
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Originally Posted by Jus Teasin View Post
But the bailout did happen. So do you want to keep living in the past, and want GM to go out of business. Do you want all the people employed by them to be out of a job?
Time to look to the future because you can't change the past.

It doesn't seem to surprise me that there are people that just don't want to hear of anything good happening!
FYI, people going back to work is good.
Let me tell you a little secret......the GM bailout isn't over. The money pissed away on that POS was BORROWED. My kids and their generation will be paying the interest on that crony payoff for the rest of their lives. When GM screws up again.....and they always wind up screwing up.....the federal govt will be there to bailout them and the union thugs all over again. Besides that, you have absolutely no factual support for your assertion all of those people would be unemployed. Are you saying every company that goes into Chapter 11 fires all of the employees? LMFAO at that theory.
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Old 02-27-2012, 12:32 PM
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Originally Posted by Capt.Willie View Post
I expect GM to pay every red cent back to me--not back to the gubment--it was not the gubs money.

I never want a gubment that will do such crazy things ever again with my money.
just wait until we get the next bill from the unions to fund their underwater gold-plated pensions. GM is giving the union punks $7,000 bonuses this month and cutting the salaries of the white collar workers........and the taxpayers get to sell the remaining shares at a nice big fat loss. This is exactly how a fascist economy works.
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Old 02-27-2012, 12:34 PM
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Originally Posted by Tireless View Post
Let me tell you a little secret......the GM bailout isn't over. The money pissed away on that POS was BORROWED. My kids and their generation will be paying the interest on that crony payoff for the rest of their lives. When GM screws up again.....and they always wind up screwing up.....the federal govt will be there to bailout them and the union thugs all over again. Besides that, you have absolutely no factual support for your assertion all of those people would be unemployed. Are you saying every company that goes into Chapter 11 fires all of the employees? LMFAO at that theory.
Not only that--consider the people out of work TODAY because of the bailout.

As you say--people will be negatively effected for generations because of the bailout.

Even if all of those GM jobs were lost--the country would be better off than the untold damage for generations to come because of the bailout.

There are losers in this world. GM was a loser. Yet the winners were forced to pay for doing things the right way.

That's social justice for you.
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