Guess what? GM's restructuring worked

[Mott the Hoople]

Wow! That's one of the worst spins I ever heard.

For the 10's of thousands of jobs (probabably 100's of thousands) that rely on GM and thought they were going out of business last year?

Yeah - that is a Big Woooop. I'm surprised at you, bravo; even for you, that's a very lame try.

Yea if in addition to the Bush financial melt down if Obama had allowed GM to go belly up and thousands of Americans had lost their jobs and the recesion had deepened into a depression then you can be sure that partisan hacks like Bravo would still be calling for Obama's head. What a hypocrit.

 

[Bonestorm]

don't expect turbo-libs to cry for the investor class who got raped or the little old ladies living off bond interest that got raped by the unions.

Hey topper, you're an investor. Tell me, what happens to investors when a company goes through Chapter 7 liquidation?

 

[Onceler]

We can't, anymore than we can accept the 'saved or created.' It's all BS.

Sorry, Annie. Big fail on your part.

If GM went belly up, we KNOW for a fact that over 100,000 jobs would have been lost immediately. As for residual effects - suppliers, retail, local economic ramifications - we have no idea.

Try to lose the partisan blinders.

 

[Timshel]

Sure; and the truth is that a company - an actual American manufacturer - that had been sure to go out of business, leaving who knows how many more people unemployed, was saved.

You always show your true colors. This is good news, any way you slice it.

GM reduced American jobs by 25%. You sound like the nationalist BP apologists.

 

[Sammy Jankis]

why would they. there goal is for everyone to be living even. Its not fair that some went to college and worked hard and saved. Wasn't the poor mans fault that they did nothing with there lives and spent to much money.

Why, i never knew you like to blow bankers and ceo traitors to america. They don't work hard, they screw others for their money.

 

[Bonestorm]

GM reduced American jobs by 25%. You sound like the nationalist BP apologists.

25% sounds a whole lot better than 100%. At least to me.

 

[Mott the Hoople]

don't expect turbo-libs to cry for the investor class who got raped or the little old ladies living off bond interest that got raped by the unions.

Hey I had 10,000 shares in the start up company I was working for. When the company went belly up the judge told us that the only right us investors had was to invest more money to make the company succesfull. Isn't that how capitalism is supposed to work?

 

[Chapdog]

Why, i never knew you like to blow bankers and ceo traitors to america. They don't work hard, they screw others for their money.

we should all just pool our money and have weekly rations regardless of your age, sex, education, or work ability. everyone should just be even in this world.

 

[Onceler]

GM reduced American jobs by 25%. You sound like the nationalist BP apologists.

Man, there is some weird spin going on w/ this thread.

Yeah, you're right; 25% is so much worse than losing all of the jobs, and a huge piece of our manufacturing base.

 

[Annie]

Man, there is some weird spin going on w/ this thread.

Yeah, you're right; 25% is so much worse than losing all of the jobs, and a huge piece of our manufacturing base.

You were the one that asked how many would have been lost without bailout? You have a number, based on facts?

I've seen lots of quotes on this topic from Ford executive that if GM or Chrysler had failed, that other industries would have imploded. I also remember that these executives were demonized, humiliated by the administration while all this was going on.

So facts? Let's hear some.

 

[Sammy Jankis]

Chapdog. You just seem want a new standard for welfare recipients, not actual competition.

 

[Timshel]

Sorry, Annie. Big fail on your part.

If GM went belly up, we KNOW for a fact that over 100,000 jobs would have been lost immediately. As for residual effects - suppliers, retail, local economic ramifications - we have no idea.

Try to lose the partisan blinders.

That's a load of horse shit. GM employed 91k in the US. That number fell to 68,500 after reorganization. Further, without GM other companies would have to increase capacity to meet demand, meaning they would employ more people along with all the same residual effects.

 

[Sammy Jankis]

we should all just pool our money and have weekly rations regardless of your age, sex, education, or work ability. everyone should just be even in this world.

No. there should still be welfare, but only for rich people. Right, fucktard.

You have no character and you suck.

 

[Chapdog]

No. there should still be welfare, but only for rich people. Right, fucktard.

You have no character and you suck.

how about some accountability at least. why should only people who were fuckups with there money be rewarded and hard workers be penalized?

Under obama end results are the same if you:
1)live life in fast lane do whatever the hell you want with your money
2)work hard, save, dont live beyond your means

 

[Bonestorm]

how about some accountability at least. why should only people who were fuckups with there money be rewarded and hard workers be penalized?

Under obama end results are the same if you:
1)live life in fast lane do whatever the hell you want with your money
2)work hard, save, dont live beyond your means

You're hilarious.

 

[Onceler]

That's a load of horse shit. GM employed 91k in the US. That number fell to 68,500 after reorganization. Further, without GM other companies would have to increase capacity to meet demand, meaning they would employ more people along with all the same residual effects.

LOL

You've gotta be kidding me. Do you have any idea at all how many people, in how many states, relied on GM for their livelihood?

I honestly never thought this thread would be spun this way. In case people don't realize, it's really good news that the restructuring of GM seems to have worked, that they are back to profitability, and that many, many jobs were saved in the process.

 

[Mott the Hoople]

That's a load of horse shit. GM employed 91k in the US. That number fell to 68,500 after reorganization. Further, without GM other companies would have to increase capacity to meet demand, meaning they would employ more people along with all the same residual effects.

No, that's BS. With out GM those other companies who supply them would have gone out of business throwing even more people into the unempoyment rolls meaning even less demand for their products, etc, etc.

 

[Timshel]

Man, there is some weird spin going on w/ this thread.

Yeah, you're right; 25% is so much worse than losing all of the jobs, and a huge piece of our manufacturing base.

GM employs more internationally than domestically and this restructuring cut US jobs.

You are the one spinning with economic nonsense that only considers what is seen and ignores what is not seen. The demand that GM supplies would not vanish with GM. Other more efficiently operated companies would expand to meet it. How much of that would be American based is uncertain but GM is not any more American than BP is British. Further, the money spent to bail out GM could have been used for some other purpose that is likely to be more efficient.

 

[Onceler]

GM employs more internationally than domestically and this restructuring cut US jobs.

You are the one spinning with economic nonsense that only considers what is seen and ignores what is not seen. The demand that GM supplies would not vanish with GM. Other more efficiently operated companies would expand to meet it. How much of that would be American based is uncertain but GM is not any more American than BP is British. Further, the money spent to bail out GM could have been used for some other purpose that is likely to be more efficient.

You opposed the bailout, so you have to spin this way. It's BS.

The kind of "creative destruction" you're talking about with such ease would have put us in a Depression, and affected many more than simply those who work for GM.

A major American business was saved. You're trying to diminish it with "well, they laid off 25% anyway," and "most of the jobs are international, anyway" doesn't change the fact that a great many jobs were saved HERE, in America, and that GM is back to profitiability, after predictions of doom from the bailout-opposers.

 

[Timshel]

No, that's BS. With out GM those other companies who supply them would have gone out of business throwing even more people into the unempoyment rolls meaning even less demand for their products, etc, etc.

Yes, I explained that. Obviously, the other manufacturers that would pick up GM's demand would buy more from suppliers and their residual effects would expand, meaning less unemployment and more demand for their products, etc, etc.