General Motors number 1 again

[javaguru]

Of course you're number one when the government supports you by robbing the people at gunpoint for the money they earn from what they are told is a free market to support the state industry...Volt..enough said.


BTW,

 

[Headholio]

Shares went out at $33 in the IPO last year. They closed Tuesday at $25.04, and were down $2.73, or 11%, to close at $22.31. That was bad news for taxpayers: The U.S. Treasury still holds about 26% of the company, a stake it has said it intends to sell as soon as possible and prudent. But it would need to be able the remaining stake for about $53 a share for taxpayers to break even on the nearly $50 billion GM bailout.

So stocks are down compared to before the Bush economic disaster. That's a news flash. GM is number one again. Like a lot of Republicans, you obviously want America to fail, but this is unquestionable good news, and good for America, and the exact opposite of the catastrophe of what so called free market republicans would have caused by letting it fail.

 

[calveless wonder]

So stocks are down compared to before the Bush economic disaster. That's a news flash. GM is number one again. Like a lot of Republicans, you obviously want America to fail, but this is unquestionable good news, and good for America, and the exact opposite of the catastrophe of what so called free market republicans would have caused by letting it fail.

The IPO was issued last year....

so.....

 

[Headholio]

Of course you're number one when the government supports you by robbing the people at gunpoint for the money they earn from what they are told is a free market to support the state industry...Volt..enough said.


BTW,

No one was held at gunpoint. Maybe you should be complaining about the Bush bailout that was used to pay Bankster bonuses?
Saving GM was good for America, saved the economy and saved jobs. That's what I call a good use of tax money, and America is better for it.
Amazing how blinded the right is by ideology. Free market yeah! Who cares if America crashes and people starve. Its all about free market (which isn't free). Your ideology fails the common sense test.

 

[calveless wonder]

ironic how this hornholio talks about logic and facts and then completely deters away from them when challenged by a clear cut argument.
all of a sudden it's about "how republicans want america to fail" instead of addressing the points I brought up.

oh, and GM sold 9.1+ million vehicles in 2007. more than they did this year. except that they lost 37 billion dollars...so
"we're #1!!"

 

[calveless wonder]

java is about to rip you a new one. can't wait till he sees that post

 

[javaguru]

So stocks are down compared to before the Bush economic disaster. That's a news flash. GM is number one again. Like a lot of Republicans, you obviously want America to fail, but this is unquestionable good news, and good for America, and the exact opposite of the catastrophe of what so called free market republicans would have caused by letting it fail.

Google mathematics...
The stock price after the Obama forced bankruptcy that disenfranchised the bondholders and violated the rule of law to support his union cronies, isn't near a price that would ever allow the taxpayers to recover their cost while the treasury is going out of their way to dump the stock..

 

[javaguru]

No one was held at gunpoint. Maybe you should be complaining about the Bush bailout that was used to pay Bankster bonuses?
Saving GM was good for America, saved the economy and saved jobs. That's what I call a good use of tax money, and America is better for it.
Amazing how blinded the right is by ideology. Free market yeah! Who cares if America crashes and people starve. Its all about free market (which isn't free). Your ideology fails the common sense test.

Stop paying your taxes...What is the consequence? You'll be imprisoned like a rapist or murderer...and not by your consent.

 

[machine23]

holio is another example of democratics having zero clue about how business or finance works

Right on

 

[javaguru]

I work in the auto industry...for tier 2 and 3 suppliers..not the favored government producers the government subsidizes. They wouldn't have gone out of business because they all produce parts for every consumer...not just GM but also BMW, VOLVO, and Jetta which are choosing to manufacture in the United States because they get the benefits of manufacturing in the south as opposed to their native countries or non right to work states; Only special editions of the Jetta are manufactured in Germany for sale in the United States.