GM posts their highest profits ever!

[Ausm]

http://bottomline.msnbc.msn.com/_ne...m-annual-profit-soars-4th-quarter-disappoints

To bad President Obama didn't let them crash and burn like the GOP wanted...with the economy trending in a positive direction looks like the GOP is going to get HAMMERED in Nov...W000T!

 

[Hayabusa Rider]

Define "hammered" in quantitative terms.

 

[Gonad the Barbarian]

Overreach! Takeover! RAWR!

 

[Phokus]

Santorum is polling much better than Romney in Michigan right now (despite being a son of a popular governor of the state), wonder why.

 

[manimal]

Wonder when we will get rid of the FDIC. Its just a bailout anyway right?

/sarcasm

 

[Ausm]

Define "hammered" in quantitative terms.

Now that is a good question. I am hoping it will be a replay of 2008.

 

[Genx87]

So we can expect them to pay back the bailout money then?

 

[Ausm]

So we can expect them to pay back the bailout money then?

Just like Chrysler did and a portion of the banks didn't.

http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

 

[spacejamz]

Funny...when other companies post record profits, the lefties here usually get their panties in a wad....

 

[The-Noid]

Would have been even better had Europe not been such a black hole.

Long-term the freezing of the GM pension plan to many and the lack of salary increases will continue to add to the efficiency of the company.

 

[xBiffx]

Funny...when other companies post record profits, the lefties here usually get their panties in a wad....

Hint: OP is a troll and probably gets paid to carry water for the unions.

 

[Genx87]

Just like Chrysler did and a portion of the banks didn't.

http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

Chrysler fell short.

Is that a no then?

 

[Ausm]

Funny...when other companies post record profits, the lefties here usually get their panties in a wad....

You mean the companies that were laying off tons of workers and the ones they retained were worked into the ground while they were raking in record profits?

 

[IndyColtsFan]

http://bottomline.msnbc.msn.com/_ne...m-annual-profit-soars-4th-quarter-disappoints

To bad President Obama didn't let them crash and burn like the GOP wanted...with the economy trending in a positive direction looks like the GOP is going to get HAMMERED in Nov...W000T!

I really resented how Congress tried to humiliate the leaders of GM and Chrysler and practically made them beg to be bailed out. I don't recall Wall Street getting the same treatment, but maybe I missed it.

 

[Londo_Jowo]

So we can expect them to pay back the bailout money then?

After they reward the union management and members

 

[Genx87]

Funny...when other companies post record profits, the lefties here usually get their panties in a wad....

Bu bu bu this proves govt not letting business fail works!

 

[Ausm]

Chrysler fell short.

Is that a no then?

How so? Oh you are nit picking with the sale of their stocks....

 

[cybrsage]

Define "hammered" in quantitative terms.

I think he means drunk with joy over gaining so many Congressional seats.

 

[Genx87]

You mean the companies that were laying off tons of workers and the ones they retained were worked into the ground while they were raking in record profits?

You dont think anybody was laid off in the govt takeover of GM? How about all the dealerships that were run out of business for starters?

 

[xBiffx]

I really resented how Congress tried to humiliate the leaders of GM and Chrysler and practically made them beg to be bailed out. I don't recall Wall Street getting the same treatment, but maybe I missed it.

This can't be surprising can it? Haven't you heard not to bite the hand the feeds you. Although I agree with your message, tell me you would tar and feather someone who gives you piles of cash.

 

[Ausm]

I really resented how Congress tried to humiliate the leaders of GM and Chrysler and practically made them beg to be bailed out. I don't recall Wall Street getting the same treatment, but maybe I missed it.

That shows how little Congress values the back bone of manufacturing in this country thus creating laws that are favorable for rampant outsourcing.

 

[Genx87]

How so? Oh you are nit picking with the sale of their stocks....

What some call nitpicking others call pointing out the facts.

 

[Ausm]

You dont think anybody was laid off in the govt takeover of GM? How about all the dealerships that were run out of business for starters?

Why would you even ask a question like this when you are opposed to any help the auto industry received from the US taxpayer...talk about disingenuous LMFAO.

 

[The-Noid]

You mean the companies that were laying off tons of workers and the ones they retained were worked into the ground while they were raking in record profits?

You don't make sense. GM went from 91,000 employees before the pre-packaged bankruptcy to 68,500 employees after the pre-packaged bankruptcy. They also had a lot less debt. Hence the record earnings or raking in profits.

It doesn't matter what company you are, less debt, more efficiency = more profit.

 

[IndyColtsFan]

This can't be surprising can it? Haven't you heard not to bite the hand the feeds you. Although I agree with your message, tell me you would tar and feather someone who gives you piles of cash.

No, I can't say I was surprised to be honest, but it still pissed me off. I may be conservative, but I realize the importance of those companies and more specifically, those jobs to the nation. My dad was a lifelong GM employee and that put me (and probably millions of people) through college and gave me a good life. There was no need to make such a circus out of it while they largely swept Wall Street under the carpet. I hope people remember that.