Bulk Vanderhuge
New member
...shareholders last time? I mean, the shareholders got royally Fuc*ed by Obama, and does anyone really expect it to be different this time around?
So Obama buys GM using taxpayer's money, of which we were told some time ago that it had all been paid back in full, only to hear now that the IPO is going to help pay off their Govt debt??? Hello, anyone paying attention here?
And what happens when they fail again, due to the fact that they weren't able to do away with those lucrative Union contracts...they still have a huge boat anchor around their neck.
Besides, I can't think of any GM car I'd like to own (including the overpriced Volt---40 miles on a charge? LOL) that shows any style or has any reliability or durability...how many brands did they kill off, and what's left?
excerpt...
Fourteen months later the Detroit company is ready to cast aside the shackles of "Government Motors," and repay a large chunk of that cash through an IPO that the market expects to raise between 12 and 16 billion dollars.
The White House is only too happy to oblige. For Obama the IPO filing fits neatly into a campaign to persuade skeptical voters that massive government spending of 50 billion dollars -- however loathsome -- kept US firms and the economy alive.
http://www.breitbart.com/article.php?id=CNG.c6b7a7c8f2c3660aa232f7c0fc600cd8.c71&show_article=1
MARC: WOW! Every one of your "FACTS" is wrong. GM employs around 250,000 people around the world.
Sharholders were put in next to last place for payout, so if GM HAD gone bankrupt/liquidated, the shareholders would have probably received more in the long run than what they got from Obama.
Lastly, GM's problem was NOT their CEO, it was, is, and has been the ridiculous union contracts that have dogged them for decades!
Please stop posting, as you seem to just make shit up.
So Obama buys GM using taxpayer's money, of which we were told some time ago that it had all been paid back in full, only to hear now that the IPO is going to help pay off their Govt debt??? Hello, anyone paying attention here?
And what happens when they fail again, due to the fact that they weren't able to do away with those lucrative Union contracts...they still have a huge boat anchor around their neck.
Besides, I can't think of any GM car I'd like to own (including the overpriced Volt---40 miles on a charge? LOL) that shows any style or has any reliability or durability...how many brands did they kill off, and what's left?
excerpt...
Fourteen months later the Detroit company is ready to cast aside the shackles of "Government Motors," and repay a large chunk of that cash through an IPO that the market expects to raise between 12 and 16 billion dollars.
The White House is only too happy to oblige. For Obama the IPO filing fits neatly into a campaign to persuade skeptical voters that massive government spending of 50 billion dollars -- however loathsome -- kept US firms and the economy alive.
http://www.breitbart.com/article.php?id=CNG.c6b7a7c8f2c3660aa232f7c0fc600cd8.c71&show_article=1
MARC: WOW! Every one of your "FACTS" is wrong. GM employs around 250,000 people around the world.
Sharholders were put in next to last place for payout, so if GM HAD gone bankrupt/liquidated, the shareholders would have probably received more in the long run than what they got from Obama.
Lastly, GM's problem was NOT their CEO, it was, is, and has been the ridiculous union contracts that have dogged them for decades!
Please stop posting, as you seem to just make shit up.