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GM posts their highest profits ever!

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Genx87

Lifer
Apr 8, 2002
41,091
513
126
Ausm said:
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.
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Gee I wonder, why would I ask a question like that to your response berating other companies for laying people off and making record profits?

Tis a mystery!
 
A

Ausm

Lifer
Oct 9, 1999
25,213
14
81
IndyColtsFan said:
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.
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Minions in here don't realize the scope of manufacturing covered by US Auto Industry.
 
G

Genx87

Lifer
Apr 8, 2002
41,091
513
126
The-Noid said:
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.
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Why would you point that out? Seriously, what GM did was a miracle only Obama could deliver!
 
A

Ausm

Lifer
Oct 9, 1999
25,213
14
81
Genx87 said:
Gee I wonder, why would I ask a question like that to your response berating other companies for laying people off and making record profits?

Tis a mystery!
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Asking a question why Big biz was laying off shitload of workers while reaping in record profits? You really need an explanation there???

LMFAO
 
G

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Ausm said:
Asking a question why Big biz was laying off shitload of workers while reaping in record profits? You really need an explanation there???

LMFAO
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Is GM big biz or not? Did they lay people off or not? Are they raking in record profits or not?
 
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G

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Ausm said:
I didn't see the GOP doing fuckall so what's your point?
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The point is obviously GM did what you complain about with other business who are also making profit. They laid off 1/3rd of their workforce not counting the dealerships that went under. In other words, pointing out your hypocrisy again.

Just like the thread last week where you refused to answer my question about why bailing out the auto industry was ok but not the banks if you are so worried about collateral damage.
 
xBiffx

xBiffx

Diamond Member
Aug 22, 2011
8,232
2
0
Genx87 said:
Off your meds today? Is GM big biz or not? Did they lay people off or not? Are they raking in record profits or not?
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I'll take that one.

images


Nein! Nein! Nein! Nein!
 
W

WackyDan

Diamond Member
Jan 26, 2004
4,794
68
91
Ausm said:
Just like Chrysler did and a portion of the banks didn't.

http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
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GM technically paid it back... but technically, they didn't... and they already suffered a bit of PR backlash from it... They ran a commercial claiming to have repaid the bail out dollars... But the facts are quite simple...

- The tax payer is still invested heavily in GM stock which needs to double to see the original investment/bailout paid back.

- GM converted their bailout cash due to low interest federal loans... So they borrowed money from the taxpayers to "repay" the non-stock portion of the bailout... They just shifted numbers on a balance sheet... that's all they did. Point is.. They still owe the taxpayers the bail out money.
 
spacejamz

spacejamz

Lifer
Mar 31, 2003
10,969
1,679
126
Genx87 said:
The point is obviously GM did what you complain about with other business who are also making profit. They laid off 1/3rd of their workforce not counting the dealerships that went under. In other words, pointing out your hypocrisy again.

Just like the thread last week where you refused to answer my question about why bailing out the auto industry was ok but not the banks if you are so worried about collateral damage.
Click to expand...

Ausm should change his user name to Teflon...nothing he says ever really sticks...LOL
 
IndyColtsFan

IndyColtsFan

Lifer
Sep 22, 2007
33,655
688
126
Ausm said:
Minions in here don't realize the scope of manufacturing covered by US Auto Industry.
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People were upset with the mismanagement of GM and Chrysler over the years and as such, I think most of them were cheering Congress on. I have no issues at all with Congress questioning the leaders of those companies and complaining about the mismanagement that had taken place, and I don't even have a problem with making them sweat a little. However, it just seemed to me that there was a big double standard at play and as Biff pointed out, it was obvious Congress didn't want to bite the hand that feeds it, 3+ million auto jobs be damned if it came down to it!
 
A

Ausm

Lifer
Oct 9, 1999
25,213
14
81
Genx87 said:
The point is obviously GM did what you complain about with other business who are also making profit. They laid off 1/3rd of their workforce not counting the dealerships that went under. In other words, pointing out your hypocrisy again.

Just like the thread last week where you refused to answer my question about why bailing out the auto industry was ok but not the banks if you are so worried about collateral damage.
Click to expand...

No hypocrisy found...they had to layoff to stay solvent but Big Biz laid off workers in anticipation of an assault on their bottom line.
 
A

Ausm

Lifer
Oct 9, 1999
25,213
14
81
Genx87 said:
/facepalm
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An assault that never happened while raking in record profits and not replacing the workers they nixed because they found out that the peons they had left could keep up with a massively reduced workforce.

I guess you wouldn't see no problem with this...
 
kage69

kage69

Lifer
Jul 17, 2003
31,377
47,653
136
spacejamz said:
Funny...when other companies post record profits, the lefties here usually get their panties in a wad....
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One wonders at the state of your panties for you to intentionally leave out certain germane details, namely those record bonuses and profits coming at the same time as layoffs, outsourcing, and extreme environmental damage.

Also, what's not to cheer about a company being able to repay it's bailout? Taxpayers of any stripe should be happy, even butthurt partisans.

Things aren't working out the way doom and gloom teapublicans said they would. Oh well.
 
spacejamz

spacejamz

Lifer
Mar 31, 2003
10,969
1,679
126
Ausm said:
No hypocrisy found...they had to layoff to stay solvent but Big Biz laid off workers in anticipation of an assault on their bottom line.
Click to expand...

It's official Folks!!! GM is not Big Business....Ausm says it is so!!!
 
HomerJS

HomerJS

Lifer
Feb 6, 2002
39,380
32,883
136
and while the Democrats tried introducing legislation to repeal tax break for companies shipping jobs overseas Republicans blocked it in the Senate.
 
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