GM posts their highest profits ever!

[Ausm]

Which graph is more credible? Tough call.

You think your Rightwing supplied graph would say anything different? I guess we will find out in Nov who the American people believe...my guess is you are going to be shit out of luck.

 

[Ausm]

They're going to pay back $50+ billion back? Are they going to pay the debtors they fucked over too?

What debtors were fucked over please supply the links.

 

[Ausm]

Don't worry, more and more of those sub assemblies and parts are being outsourced, the UAW would have went to strike over this years ago but today you don't here a peep out of them about it.

Are they ran by the UAW? I didn't think so...

 

[Ausm]

Not at all, but then I'm an "evil capitalist." The whole point is this thread is bizarre, after all of the wailing and gnashing of teeth over the 1% getting wealthy on the backs of the 99%, we have a thread which is praising the 1% for making money hand over fist due at least partially to decimating the labor force.

Surely you can see how strange that is.

that is not true...your're a fucking freeloader....BIG BIG difference.

 

[Ausm]

Yeah so with billions of my tax dollars they finally ran a business which works. Also, I have to pay too much for their shitty cars. You know some businesses are required to make a quality product for a reasonable price and not mooch off the government.

Sorry. Feeling bitter. My chevy is too young to be breaking down and needing major repairs but it does. I'm a little mad at GM.

Utilize the lemon laws i n your state unless you live in a Red state then you would be SOL.

 

[Throckmorton]

Not at all, but then I'm an "evil capitalist." The whole point is this thread is bizarre, after all of the wailing and gnashing of teeth over the 1% getting wealthy on the backs of the 99%, we have a thread which is praising the 1% for making money hand over fist due at least partially to decimating the labor force.

Surely you can see how strange that is.

No, we have a thread praising the success of an American business that pays workers well and is hiring more. A corporation can't be part of the 1%... A 1%er is an individual in the top 1% of income.

 

[michal1980]

I wonder how well the good car companies would be doing if GM died.

 

[Ausm]

No, we have a thread praising the success of an American business that pays workers well and is hiring more. A corporation can't be part of the 1%... A 1%er is an individual in the top 1% of income.

Mittens disagrees "Corporations are people my friend!"

 

[BoberFett]

No, we have a thread praising the success of an American business that pays workers well and is hiring more. A corporation can't be part of the 1%... A 1%er is an individual in the top 1% of income.

Who do you think is benefiting from these massive profits? The executives or the rank and file?

And if you think hiring 4,000 after laying off 30,000 makes them Employer of the Year, then I guess all those other evil greedy corporations that you hate have to do is layoff more than they need to and hire a few back.

 

[Throckmorton]

I wonder how well the good car companies would be doing if GM died.

Who, Hyundai?

 

[Ausm]

I wonder how well the good car companies would be doing if GM died.

What do you consider good?

 

[michal1980]

What do you consider good?

Those that didn't require billions in goverment handouts to make it.

IE everyone outside of GM and Chrysler.


In Asums world - goverment handouts are good when it goes to unions. Bad when they dont.

 

[Throckmorton]

Who do you think is benefiting from these massive profits? The executives or the rank and file?

And if you think hiring 4,000 after laying off 30,000 makes them Employer of the Year, then I guess all those other evil greedy corporations that you hate have to do is layoff more than they need to and hire a few back.

http://www.huffingtonpost.com/2009/08/03/gm-layoffs-thousands-of-f_n_250414.html
Production workers were offered $20,000 plus a $25,000 car voucher for early retirement, while skilled trades workers were offered $45,000 plus the voucher.

Workers with 20 or more years of service were offered buyout packages of $115,000 and the car voucher. Those with less than 10 years would get $45,000 and the car voucher to leave GM outright.

Sounds like they got a pretty good deal.

 

[Londo_Jowo]

I would call $28.8 billion being fucked over.

GM had $54.4 billion in debt

GM now owes $15.6 billion in debt

http://www.ritholtz.com/blog/2010/11/gm-the-most-successful-bailout-bankruptcy/

 

[michal1980]

Let's also remember, the unions voluntarily took big cuts to pay, benefits, and pensions to make this work. Good for them, for almost no credit politically.

Voluntarily?

LOL.

The choice was:

1) take a pay cut to get goverment hand out.

Or
2) Close down, but no pay cut.

----------------

Talk about a voluntary choice.

PS The uaw union helped create the mess GM and chrysler were in. Job banks, massive pensions, over paid work force. etc etc.

Now you want to give them credit because they are more average?

 

[Craig234]

Before the bailout, how much of each GM car sold was for legacy costs of employees who no longer work at GM? You should thank the union for that also...

Not sure how the bailout affected these costs and if that number is now different though...

I hear management asked for short term concessions and offered retirement increases.

 

[BoberFett]

http://www.huffingtonpost.com/2009/08/03/gm-layoffs-thousands-of-f_n_250414.html
Production workers were offered $20,000 plus a $25,000 car voucher for early retirement, while skilled trades workers were offered $45,000 plus the voucher.

Workers with 20 or more years of service were offered buyout packages of $115,000 and the car voucher. Those with less than 10 years would get $45,000 and the car voucher to leave GM outright.

Sounds like they got a pretty good deal.

Wait, so as long as people gets a severance package it absolves the employer of their Evil Greedy Capitalist label?

 

[The-Noid]

Before the bailout, how much of each GM car sold was for legacy costs of employees who no longer work at GM? You should thank the union for that also...

Not sure how the bailout affected these costs and if that number is now different though...

I believe it was $2,400 before the prepackaged bankruptcy.

Take into account I haven't listened to a GM quarterly conference call in years, but if memory serves me right it was $2,400 on the last call I listened to (early 2007?).

If you really care you can go back and look at the conference call transcripts. It was a point of contention, quarter in and quarter out.

 

[shortylickens]

Utilize the lemon laws i n your state unless you live in a Red state then you would be SOL.

Theres no such thing as a red state or blue state.
In any case its a 2003, I bought it in 2006 and been using ever since. Hard to prove its complete crap since I kept it so long. Problem is I cant afford anything new and it wont sell for much so I am stuck with it.

Also, I bought in Oregon and now live in Virginia.
How do you see my situation?

 

[trenchfoot]

This is just about the funniest thread ever, where good news is marginalized, hacked, molested, raped, flipped, twisted, filtered and spun into BAD news. HA! Reverse engineered alchemy. Wow!

I tell ya, Rove has taught his minions well. Good job, minions.

Such skill. Such acumen. Such masterful BS'ing. lol

 

[ericlp]

It's great that GM is seeing a profit. I still would not buy a car from GM. Reliability still is disappointing.

When they can compete with Toyota, Honda, Lexus... I'll be in the market.

 

[monovillage]

Posting in an epic Ausm fail thread. I was laughing so hard my wife came in to check what was up and when she started reading the thread she was laughing till she cried.

 

[michal1980]

I think we need to pass an excessive profits tax. Its not fair GM is making so much money.

 

[woodie1]

Good to see Ausm hasn't lost his touch. Some of the best troll threads around.

 

[JSt0rm]

Wait, so as long as people gets a severance package it absolves the employer of their Evil Greedy Capitalist label?

I love the contrarian in you.

Nothing democratic can be evil and nothing libertarian can be good. EVER

GM = good guy drunken lazy unions, sweet sweet pensions and government bailouts.