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
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.
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.
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
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
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
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?
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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