General Motors number 1 again

[Headholio]

General Motors is number 1 again, 3 years after being bankrupt.

GM Is No. 1 In The World Again In Auto Sales - Forbes

Democrats saw the value of saving a foundation of the American economy. Right wing ideologists, on the other hand, would have let GM fail. These ideologists include Mitt Romney, who has repeatedly said we should have let GM fail:

http://www.google.com/url?sa=t&rct=...2UU3yL9WLcK1P0oSw&sig2=tk9ZcHYR6sNqI8gi-c5VQg

How could you find a better example of the differences between parties? With Democrats, we saved an American Foundation by recognizing the appropriate use of government and the value of our institutions and workers. As a result, we again have the biggest auto maker in the world which will help fuel the economic recovery.

With Republicans, we would have had no auto industry and 3 million or more additional unemployed, which would have turned the Bush Recession to a great depression.

Extreme right wing ideology (which is a big part of the republican mainstream) has gone beyond all common sense.

 

[calveless wonder]

that number doesn't mean anything until you look at their balance sheet or p/l statement

maybe they wanted to sell so many vehicles at a loss to recapture market share. the 2nd link you posted is complete garbage without that information

one of the main things about GM and american car companies was poor structure and inefficiency. who knows what the margins were on those sales when you calculate all the fixed and variable costs

 

[Headholio]

that number doesn't mean anything until you look at their balance sheet or p/l statement

maybe they wanted to sell so many vehicles at a loss to capture market share. the rest of your statement is complete garbage without that information

The number one auto maker is better than no auto industry and millions of unemployed people. That's a fact, not garbage. GM profit 1.7 Billion in Q3 2011. Do you know how to Google?


GM reports $1.7B third-quarter profit, down 15%

 

[calveless wonder]

The number one auto maker is better than no auto industry and millions of unemployed people. That's a fact, not garbage. GM profit 1.7 Billion in Q3 2011. Do you know how to Google?


GM reports $1.7B third-quarter profit, down 15%

oh, you mean after the 50 billion dollar bailout?

yes, 1.7 billion really goes a long way toward that number

and yes, if "the number one automaker" is in the business of losing money over a sustained period of time, that is a problem.

Considering the tsunami was a huge reason they actually had profits, lets see it over a sustainable period and whether it'll actually ever justify the government clunking out 50 billion to save a poorly structured organization

 

[Fishak]

that number doesn't mean anything until you look at their balance sheet or p/l statement

maybe they wanted to sell so many vehicles at a loss to recapture market share. the 2nd link you posted is complete garbage without that information

one of the main things about GM and american car companies was poor structure and inefficiency. who knows what the margins were on those sales when you calculate all the fixed and variable costs

Well said sir. Although I do agree with the bailouts. I live near detroit and the ripple of letting gm and chrysler go would be horrible. I know this goes against capitalism but we were in pretty horrible shape at the time. atleast auto sales are picking up, for now...

Sent from my PC36100 using EliteFitness

 

[calveless wonder]

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

 

[Headholio]

oh, you mean after the 50 billion dollar bailout?

yes, 1.7 billion really goes a long way toward that number

and yes, if "the number one automaker" is in the business of losing money over a sustained period of time, that is a problem.

Considering the tsunami was a huge reason they actually had profits, lets see it over a sustainable period and whether it'll actually ever justify the government clunking out 50 billion to save a poorly structured organization

After you learn how to google, look up the definition of profit.
then look up the payback on the bsil out.
then look up the multiplier effect of money injected or taken out of the economy.
By then you'll be even more lost.

 

[calveless wonder]

After you learn how to google, look up the definition of profit.
then look up the payback on the bsil out.
then look up the multiplier effect of money injected or taken out of the economy.
By then you'll be even more lost.

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.

 

[Headholio]

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

You are a typical example of a simple minded ditto head who bobs his head up and down in the car listening to Rush Limbaugh. It's easy to listen to one side of the story, but hard to debate with logic and facts. When it comes time to address facts, you squirm and turn to insults. I've seen it a million times. You can't defend the stupid idea that Republicans had; that GM should be allowed to fail. There is no defense.

 

[calveless wonder]

see post #8