GM posts their highest profits ever!

[Ausm]

Wow....just wow.

Show me where Big Biz was laying off to stay solvent like GM had to then maybe you can roll your eyes.

 

[Doc Savage Fan]

Obama will get zero credit from Republicans especially the rabid ones on here.

Obama is awesome! Feel better?

 

[Ausm]

/agree

Can we also discuss how none of this profit is taxed?

http://online.wsj.com/article/SB10001424052748704462704575590642149103202.html

It looks like they are playing the same game other Big businesses are and it isn't right for any Company in my opinion.

 

[Throckmorton]

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

Uh no. We get our panties in a wad when they post record profits while laying off workers and getting tax breaks.

 

[The-Noid]

Uh no. We get our panties in a wad when they post record profits while laying off workers and getting tax breaks.

Isn't this exactly what GM did?

A loss by the US Treasury surely has to be considered a tax break.

For lay-offs, see links in thread.

 

[rudder]

I bet Ford motor Co. wished they could get $10 billion loans at 0% interest, and write off $45 billion of old losses.

U.S. bought GM stock at $55/share.... it is at $26.50 ish at the moment.

How long do you think it will take to get the value back up to where the U.S. govt breaks even? Hopefully before investors realize how much unfunded liabilities GM has.

But hey as long as the voters and people like the OP don't look past the headlines such GM posts $7billion profit or unemployment drops to 8.3%... everything is rosy.

 

[CADsortaGUY]

Uh no. We get our panties in a wad when they post record profits while laying off workers and getting tax breaks.

GM posts record profits
GM Lays off massive amounts of workers
GM gets tax breaks AND taxpayer monies

So I imagine you are all twisted up???

 

[ShawnD1]

Good for GM I guess. This gives hope that the workers can keep their jobs! Hurray!

(this picture creeps me out for some reason)

 

[BoberFett]

This thread is hilarious. The mental gymnastics it requires to be a "liberal" in America must be truly exhausting.

MITT ROMNEY IS EVIL! HE DESTROYS COMPANIES AND LAYS PEOPLE OFF SO HE CAN MAKE MONEY!

GM is pretty great though, they laid people off and are now making tons of money; a real American success story.

 

[spacejamz]

Uh no. We get our panties in a wad when they post record profits while laying off workers and getting tax breaks.

Did you really type that with a straight face??? Honestly???

There was even a post a few hours ago about these windfall profits not being taxed....Guess you missed it...

We already know about the GM layoffs over the past few years...

That is what happens when you are keep spinning your stories...you start forgetting what BS you have already typed...

 

[Ausm]

I bet Ford motor Co. wished they could get $10 billion loans at 0% interest, and write off $45 billion of old losses.

U.S. bought GM stock at $55/share.... it is at $26.50 ish at the moment.

How long do you think it will take to get the value back up to where the U.S. govt breaks even? Hopefully before investors realize how much unfunded liabilities GM has.

But hey as long as the voters and people like the OP don't look past the headlines such GM posts $7billion profit or unemployment drops to 8.3%... everything is rosy.

So are you going to go bitchslap GWB because you don't agree with his decision to float them a loan?

 

[The-Noid]

So are you going to go bitchslap GWB because you don't agree with his decision to float them a loan?

You already gave the credit to Obama earlier in the thread.

You can't have it both ways based on your point of the second.

I would give the credit to both.

 

[Ausm]

This thread is hilarious. The mental gymnastics it requires to be a "liberal" in America must be truly exhausting.

MITT ROMNEY IS EVIL! HE DESTROYS COMPANIES AND LAYS PEOPLE OFF SO HE CAN MAKE MONEY!

GM is pretty great though, they laid people off and are now making tons of money; a real American success story.

What I find hilarious is you couldn't get laid off because that requires having a job.

 

[Ausm]

You already gave the credit to Obama earlier in the thread.

You can't have it both ways.

I would give the credit to both.

How do I want it both ways?...the initial TARP loan wasn't enough and President Obama made the decision to give them more cash.

 

[Nintendesert]

What I find hilarious is you couldn't get laid off because that requires having a job.

That's all you have? :thumbsdown:

 

[Doc Savage Fan]

GM posts record profits
GM Lays off massive amounts of workers
GM gets tax breaks AND taxpayer monies

So I imagine you are all twisted up???

I imagine that he's pretty embarrased about now. If he wasn't so damn arrogant, I'd probably feel sorry for him.

 

[Ausm]

That's all you have? :thumbsdown:

Sorry to disappoint but I am multitasking at work right now and don't have the time to go into a Soliloquy.

 

[Ausm]

I imagine that he's pretty embarrased about now. If he wasn't so damn arrogant, I'd probably feel sorry for him.

Corporation X posts record profits
Corporation X Lays off massive amounts of workers
Corporations rake in massive profits
Corporation X gets tax breaks and massive loopholes.

 

[xBiffx]

Corporation X posts record profits
Corporation X Lays off massive amounts of workers
Corporations rake in massive profits
Corporation X gets tax breaks and massive loopholes.
Corporation X loses shit tons of money and has to be bailed out with a huge 0% interest loan from the taxpayers
Corporation X posts record profits
Corporation X Lays off massive amounts of workers
Corporations rake in massive profits
Corporation X gets tax breaks and massive loopholes.

FTFY

X = ?

 

[BoberFett]

From Ausm's signature:

The GOP's favorite pejorative is "job-killing" which is also Mitt Romney's old job.

Apparently it's Obama's current job...

But at least GM is rolling in green. Uncork the champagne!

 

[actuarial]

This thread is hilarious. The mental gymnastics it requires to be a "liberal" in America must be truly exhausting.

MITT ROMNEY IS EVIL! HE DESTROYS COMPANIES AND LAYS PEOPLE OFF SO HE CAN MAKE MONEY!

GM is pretty great though, they laid people off and are now making tons of money; a real American success story.

Judging all liberals based on Ausm is as bad as judging all conservatives based on Spidey or all libertarians based on Anarchist.

I definitely agree with you when it comes to Ausm though. I don't know how he can possibly reconcile his position, even to himself, in this situation.

 

[Ausm]

From Ausm's signature:



Apparently it's Obama's current job...

But at least GM is rolling in green. Uncork the champagne!

How so when we have had 22 months of growth in the private sector?

 

[Craig234]

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.

We agree. But it was Wall Street who staffed the Treasury Department, not Detroit.

 

[Craig234]

Mitt Romny's Op-ed's first paragraphs:

IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed.

Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course — the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check.

And he says he's the 'business expert'?

 

[BoberFett]

How so when we have had 22 months of growth in the private sector?

Layoff based growth?