GM sales rise as US economy picks up

Although many of us did not agree with the feds saving GM, in retrospect the results clearly show is was the wise thing for the Congress to do.

The TARP money was used as part of the billions GM spent over the past two years to bring their all new models to market. Those new models are selling so well that GM has earned a profit in the past quarter of several million dollars, compared to a loss of over a billion last year.

The balance of the federal money given to GM, secured by Preferred Stock, will be paid back in the fall when GM once again becomes a publicly traded company.

Predictions of GM demises were not based on the facts, though many for some reason seemed to WANT GM to fail. If that had happened the federal, state(S) and local governments would have lost hundreds of times the amount annually, of money use to shore up GM, in lost income, capital gains, property and sales taxes.

In the end the taxpayers gained by saving all of those taxes and earning a profit on the GM loans as well as earning millions on profit when the Preferred Stocks are sold.

confirms Belgian plant closure plans to cut 10,000 Opel jobsGM sells off SAAB GM cuts many brands

GM seems to be cutting everything all over.

It will be much easier to close it down once and for all as it gets smaller but for those people losing their jobs after decades of dedicated work is not nice.

BBC reports that GM sales rise as US economy picks up. Are they using TARP money again to skew sales figures? ____________________________________________________________________________

Again? When in the past did TARP money skew sales figures? How is it possible for TARP money to skew sales figures? Please explain.

Rodan.

Where did you get that idea, from Moveon? A party needs 60 votes to "Control" the Senate, a majority only give the party the privilege on naming the Committee Chairman and the Speaker of the House. The Senate does not have time limited debates as does the house. A single Senator can stop any Senate bill on the floor by not agreeing to Unanimous Consent. That forces a vote on the bill and that requires 60 votes to end debate.