He is right. It cost the American tax payers $60,000 USD for each GM
sold in the US in 2009.
What about that do you not understand?
And you don't even own a GM because you know they are over priced crap.
And GM isn't making money, oh ya, some of their operations did once you
strip out management costs and a hoard of other things like engineering
and delivery to the custom and finance losses. When you add it up, GM
is still losing money left and right.
Then their is the government finance arm of GM, GMAC, getting another
taxpayer-debt infusion for all the bad loans they issue to GM buyers
that no one else will touch. Bad and no credit comes to mind. Want a
GM and bad credit, no problem. Go to GMAC, we lend to those that will no
This is just Obama-democrate voodoo economics, defraud of the taxpayers.
The cost blead is still going on.
On 31/01/2010 10:13 AM, Mike Hunter wrote:
You have to look at it from Toyota's perspective. UAW plant in
expensive California.... Just the overhead in dealing with California
government greed and complexity would need a small army of accountants,
legal, HR and others to keep it going. Why not just close it? Excess
capacity and make them elsewhere.
Good cost cutting move. Stupid place to put a auto manufacturing plant
in anyway. Probably was subsidized by California government at one time
before they went broke.
(Cross postings removed, automatically)
Interestingly industry figures always showed that one could always drive
home a Vibe, for an average of $2,500 LESS than a similarly equipped Matrix
wrote in message
Toyota pulled out of NUMMI after GM suggested something, I can't recall
now, but it was something similar to Democrats trying the same thing over
and over and expecting a different result, and Toyota said, "ENOUGH!!!"
It was discussed on the group some time ago.
IIRC, GM pulled out related to the cost cutting times around the bankruptcy.
The plant had always been a disaster, too expensive.
Toyota had no reason to continue to use this plant with Pontiac gone and
no Vibe to make. The high cost of California did this one it.
Not likely to happen, but I agree with your statement otherwise.
Bernie Madoff, $50 billion into a black hole and goes to jail, Obama
drops $2 trillion, of which $100 Billion or so into GMs black hole.
Even more for "select" banks because the select rich deal there. Pretty
hard to explain to Warren Buffet, Bill Gates and others the FDIC limits.
Ever wonder why one bank gets assistance and another does not? Bet the
government would not want people to see the client lists and cash in
accounts for a little scruteny.
And Congress is looking at Bernie like a top criminal. While Wagner
gets a $20 million pension from Gm-Caryle. Just depends on who you are
Go figure. Have to feed the biggest corruption engine in the USA,
Washington DC. Times are tough, some will not be paying for the
senators and congress people this upcoming election. I wonder who will
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