Re: Good GM/Bad GM



The only thing GM did wrong is that they didn't come to the internet sooner and ask all the arm chair managers to put down their beer and expound their brilliance as it has been shown here.
Best laugh I've had since I drove a Honda back in the early seventies.....
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It really isn't a laughing mater, GM is costing you and I money... every day they remain in business they suck from the taxpayers wallet.
http://seekingalpha.com/article/131520-bankruptcy-probable-for-gm?source=yahoo
But GM's days as the old money loosing GM are coming to an end. A new GM will arrise from the ashes, minus the a$$h0les that drove it there I hope.
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Actually it is laughable, GM is not costing you and me anything other than what you pay for their cars. It's a loan, not a gift like they gave the banks. Bail out the people that produce nothing and gut those that do? Now I can at least see why you still have your beer in your hand.
If you think GM is costing us money tell me why the unsecured home loans by the banks and financial community that failed, that are now getting financial assistance, are not a problem that got GM, and many other companies, in hot water. That all goes back to the do gooders that made it possible for everyone to own a home, a big home at that. We are getting what we deserve for allowing our government to become the hand that feeds us all instead of our having to work for a living. Soon we will all have health care whether we work or not, who pays for that, the banks? Now I have to quit, I'm laughing to hard to type.........
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Who do you think is going to pay for the $25B or so that GM, GMAC and Chrysler have hooked out of the taxpayer? God?

Individuals would find it hard to get unsecured home loans, especially if the value of their home was 100% mortgaged. It is only a loan if there is a reasonalbe expectation of payback, but no rational person can see how GM will pay back.
GM's problem had nothing to do with homes, it had to do with GREED. During every downturn GM was sucked dry by incompetant management and union greed soaking the profits. During every uptick the management and union feasted on the good times returning nothing to shareholders and to reduce debt. They in fact created a GM Ponzi House of Debt thinking it was too bog to fail. A misjudgement.
The "do gooders" are the voters who voted for Congress who gave us artificially low interest rates encouraging debt. No one put a gun to anyones head to get sucked into the debt-slavery play. Don't want to be a debt-slave, don't go into debt.
Health care? Pay for it with what? Lower standard of living for sure. In Canada our taxes are super high compared to the USA. Now that government is overspending on bailouts and corruption they are cutting health care but not taxes... Government funded health care is about statism and the loss of your economic freedoms.
Sad to say, most Americans have lost the spirit that made the USA so great, the right to individual liberty and freedom is under attack. When it is over, Americans will not be so happy for those knowing what they are giving up.
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Yep, the Gods you elected and it is still a "loan". Yes, I expected them to pay it back until the government decided they should run it, can you say POSTOFFICE, they do well running that, don't they.

So somehow GM is different than all the numb nuts that borrowed and loaned out BILLIONS for housing they couldn't afford? That plus all of the worthless paper they generated selling those to each other for profit somehow is OK? They didn't draw multi million dollar bonuses for no productivity? GM is not Lilly white but they were in a position to do the right thing and our government took it away from then by holding them as a financial hostage, while dumping money on the money changers that are even less deserving.

I think you forgot taxes. You also seem to forget that the money would have been there for GM to get their loan and carry on doing their business if the financial house of cards had not collapsed. Further more GM was building what the public was buying. One of the biggest surprises I've had in a long time was the number of dually USA pickups that were in England the last time I was over there. Somehow you and everyone else needs to take ownership of their buying habits.

Only took you 50/80 years to catch onto that?

Agreed, but the thirties taught me to not be in debt, which I'm not. I have seldom voted for the people that are now in office, I lose allot to the densely populated government tenant dwellers that need more of my money. My neighboring state Michigan is doing well with the governor from Canada, want her back?
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Only if you consider that it's operated at a loos more years than at a profit. If you define that as doing well -- you outta run GM.
-W
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wrote in message news:o-

And from what I read about VW, GM is now #3, not #1 or #2. #3 and falling. VW and Toyota are now in the race for #1.
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And the post office is still government owned and operated monopoly...LOL.

GM is worse, it is supposed to have the controls in place. BTW, when the dust settles the auditors will be be next for not delaring them bankrupt. In fact a few have already had to cough up millions... FRAUD.

Hey, I could sell any car subsidised by the US taxpayer!!!
Get a grip. Every one made is produced and sold at a loss with the taxpayer subsidising costs. GM hasn't paid for parts, nor warranties, nothing for months now. Even Wagoners $20M go away present, US taxpayer funded.

You were saying how wonderful government health care was going to be, perhaps I misread. Maybe you were being sarcastic?

Send her back or keep her, don't care either way. INS lets in the bad once and keeps out the good ones. I lived in the USA for almost 10 years. Great country BTW, just sad to see the general population so enamored with statism. It is a dead end to financial liberty.
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Snip

Maybe? You really do catch on slowly. Have another beer.

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