"GM's return to profitability and impending stock sale are milestones in the restructuring of the beleaguered American auto industry. The administration rushed to its aid last year, after the 2008 bailouts of major banks. "
LOL
Guess what? GM's restructuring worked
- Thread starter Onceler
- Start date
"GM's return to profitability and impending stock sale are milestones in the restructuring of the beleaguered American auto industry. The administration rushed to its aid last year, after the 2008 bailouts of major banks. "
LOL
Annie
Not So Junior Member
Nothings settled yet regarding the longevity of GM, much less likely Chrysler. I hope both live, but if so it was at the cost of folks that had little to do with the causes.
OTOH, there are different ways of looking at what has occurred.
http://dailycaller.com/2010/08/06/gm-and-chrysler-bleed-jobs-while-obama-claims-victory/
Lots of links at site, some of which if read, should give anyone pause.
OTOH, there are different ways of looking at what has occurred.
http://dailycaller.com/2010/08/06/gm-and-chrysler-bleed-jobs-while-obama-claims-victory/
Lots of links at site, some of which if read, should give anyone pause.
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it just said it was a milestone...it did not say it was it was the sole cause
can yoiu really get anymore dishonest? and apparently that article also is bullshit as it leaves out bush's BILLIONS...
too bad your irrational hatred for the man causes you to not accept facts
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how odd that onceler wants to ignore bush's LIFELINE to gm....he wants to try and claim that ONLY obama is responsible for gm's return to profitability...
that of course is wholly ignorant of reality...
that of course is wholly ignorant of reality...
I've given Bush credit for the bailouts before. It's hilarious how you're always so obsessed w/ that guy; is he a relation or something?
In this particular instance - the return of GM to profitability - Obama deserves the credit. Sorry about that. It was all of the measures that you were so busy calling a return to socialism that forced GM to restructure & streamline; the whole article talks about how these are the reasons for the return to profitability.
As always, you just want to cover your ears & tell us again how much of a hero you think Bush is....
In this particular instance - the return of GM to profitability - Obama deserves the credit. Sorry about that. It was all of the measures that you were so busy calling a return to socialism that forced GM to restructure & streamline; the whole article talks about how these are the reasons for the return to profitability.
As always, you just want to cover your ears & tell us again how much of a hero you think Bush is....
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you hackery and dishonesty is amusing...you don't mention bush's contribution to gm's return to profitability, you only give obama credit and when i point out the fact that bush contributed over 10 billion dollars....that makes me obsessed
without the billions gm would have gone bankrupt BEFORE obama ever entered office...i know you want to ignore that reality and only give obama credit, but you're just plain stupid...without bush's lifeline, gm would have nothing for obama to restructure
your last sentence shows you're nothing but a partisan hack onceler...pointing out facts about bush's loans does not make him a hero and especially for me as i've repeated said i was against his bailout
so once again you've proven you're a liar
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In return for the money, the firms must prove by the end of March that they are financially viable, with prospects for long-term profits.
They will have to sell their private jets, halt bonus payments to senior executives and seek government approval of transactions worth more than $100m. They must even tell the treasury of any deviations from expenses policy on minutiae such as travel, Christmas parties and conferences.
http://www.guardian.co.uk/business/2008/dec/19/car-industry-us-bail-out
yep...bush did no restructuring at all
onceler = moron
They will have to sell their private jets, halt bonus payments to senior executives and seek government approval of transactions worth more than $100m. They must even tell the treasury of any deviations from expenses policy on minutiae such as travel, Christmas parties and conferences.
http://www.guardian.co.uk/business/2008/dec/19/car-industry-us-bail-out
yep...bush did no restructuring at all
onceler = moron
LOL
BOOOOOOOOOOSH
I didn't mention Bush in GM's return to profitability, because HE WAS NOT INVOLVED in their return to profitability.
If you want to start a "Bush kept GM afloat" thread, since you're so worshipful, be my guest. This thread? This is a "GM's return to profitability" thread, which was made possible by the specific measures taken in the 2009 bailout to restructure & streamline the company (which, again, you often characterized as socialist).
Guess you were wrong on that, which is probably why you're so sensitive about it now.
Bush the almighty! Saver of GM, and hero to all!
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only a fool believes bush's billions didn't help...
Annie
Not So Junior Member
only a fool believes after all this time that Bush or Obama's 'helps' helped. Where is the pea under the shell?
The new profit report from GM, which credits their restructuring & streamlining for the company's comeback?
Maybe that?
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um, hate to break it to....but without bush's bailout they would have been insolvent
you're weird today
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here is an honest article and take on gm:
Let there be no mistake: rescuing GM and Chrysler took political courage, and I want to put in a good word for George W. Bush. True, Bush's electoral career was over in December 2008, when he extended $17.4 billion of TARP money to keep the companies alive long enough to give Obama a chance to act. Still, it took guts for Bush to decide not to "leave the next president to confront the demise of a major American industry in his first days of office."
Yet it was Obama who put in the bulk of the cash — in all, Bush's input had grown to $25 billion before he left office while Obama put up an additional $60 billion — and created the tough restructuring plan.
http://seattletimes.nwsource.com/html/opinion/2012494643_dionne02.html
only fool hacks like onceler and his dumb article ignore facts
Let there be no mistake: rescuing GM and Chrysler took political courage, and I want to put in a good word for George W. Bush. True, Bush's electoral career was over in December 2008, when he extended $17.4 billion of TARP money to keep the companies alive long enough to give Obama a chance to act. Still, it took guts for Bush to decide not to "leave the next president to confront the demise of a major American industry in his first days of office."
Yet it was Obama who put in the bulk of the cash — in all, Bush's input had grown to $25 billion before he left office while Obama put up an additional $60 billion — and created the tough restructuring plan.
http://seattletimes.nwsource.com/html/opinion/2012494643_dionne02.html
only fool hacks like onceler and his dumb article ignore facts