Comments on: General Motors Still Sucks and Obama is Still an Idiot

By: walrus

walrus — Wed, 15 Dec 2010 01:40:11 +0000

I think obama is a rtard he bailed gm out for 50billion so the tax payers have been paying this and since the government owns 5o percent of gm shoudnt we get 50 percent off there cars since we are paying for them.and yet ford has not been praised for balancing its budge and not takin money from the government that is just a bunch of crap since gm started selling stock and for over 30 dollars a share fords should be in the 50 dollar range then

By: President Obama’s $50 Billion Dollar Lie « American Missive

President Obama’s $50 Billion Dollar Lie « American Missive — Thu, 23 Sep 2010 14:50:29 +0000

[...] invested $50,000,000,000 in a failed business – something I’ve written about here and here. At the time I recognized this for it’s destructive and wasteful nature. The proof of [...]

By: The Freedom Thinker

The Freedom Thinker — Wed, 17 Feb 2010 04:13:59 +0000

Thanks…

By: Equinox

Equinox — Wed, 17 Feb 2010 01:37:39 +0000

Hilarious title, and a well reasoned post. I’m not going to argue against a logical truth

Well put Freedom Thinker

By: Strong Arm: US Government Bullying Auto Competitor « American Missive

Strong Arm: US Government Bullying Auto Competitor « American Missive — Thu, 04 Feb 2010 17:28:02 +0000

[...] Mr. Obama has invested heavily in two American auto companies after being elected. The unions of these auto companies invested heavily in getting Mr. Obama elected. With that the US Government, by direction of Mr. Obama, purchased both Chrysler and General Motors out of bankruptcy with massive loans. It represented a huge investment by the US Government. An investment which will probably never be rewarded or re-payed. [...]

By: This Sells Cars? « American Missive

This Sells Cars? « American Missive — Tue, 15 Dec 2009 19:10:43 +0000

[...] 15, 2009 by The Freedom Thinker BECKLEY — I’ve been pretty rough on General Motors Company because of their asking for and taking my money from me using the [...]

By: Government Motors (i.e. General Motors) « American Missive

Government Motors (i.e. General Motors) « American Missive — Wed, 02 Dec 2009 15:22:27 +0000

[...] on the egg they have on their face from putting him in the CEO spot to begin with! As I’ve written time and again our money has been happily flushed down the drain for political votes from labor unions. I [...]

By: Bryan W.

Bryan W. — Mon, 23 Nov 2009 16:59:52 +0000

I live in Canada and share the same disdain for the loosely termed “investment’ that my government has made lock step with the Obama administration in GM. Our infrastructure is crumbling, troops are ill equipped and the list goes on where the GM money should have been spent. The only recourse I have is to never buy a GM car again.
In my family, circle of friends and amongst my co-workers there is always someone needing a car. Not one of these people would even consider a GM vehicle now or in the future and the common reason is the bailout. GM is going down and it’s only a question of when.

By: The Freedom Thinker

The Freedom Thinker — Thu, 19 Nov 2009 15:47:09 +0000

I buy used not new anyways because it just doesn’t make sense to me to buy new when they lose so much value right away. I just don’t see the cost/benefit when I run the math.

I almost bought a Ford Fusion but the winter’s are rough here and gas prices although expensive aren’t all that bad yet. (It was also pre-bailout as well). Maybe if they closed in on 8 buck and my gasoline expense jumped up from $400 monthly to $800 monthly then it may become a deal but I liked the Equinox it drives like a car with all-wheel drive lots of space for when I have all four kids, diaper bags, 5-star crash test, etc.

As for the management of GM. If they don’t pay that money back they should have their wages garnished and individual bank accounts seized. But that is true for the banks, congress and the President as well. They’ve robbed the American people at gun point and are nothing but criminals. GM, Bank of America, Paulson, Pelosi, and Obama are by the pure definition of the term – thieves. They have STOLEN from the American people for their OWN personal interest. GM in no way can prove much less even make a half way decent argument that giving that $50 billion investment is good for America as a whole it is good for them and their employees/UAW.

As the spokes person has basically stated here already there is a good argument to be made as to the “value” of the taxpayers investment. We’re six months in to what we were told at gunpoint would be a 5 month pay back. I didn’t buy it then and I don’t buy it now.

GM went into bankruptcy with a book value of NEGATIVE $86 billion they’ll be lucky to emerge with a positive book value at all. They’ve lost another billion dollars since June. They can’t even in bankruptcy cut costs enough to get to break even. Indeed Mr. Wilkinson is right when he says the value of that $50 billion is in question.

By: BaldManMoody

BaldManMoody — Thu, 19 Nov 2009 11:39:03 +0000

“Unlike many of the financial companies, which were basically forced by Hank Paulson to take a bailout, GM went to Washington with hat-in-hand.”

Ultimately, financial companies took the funds too. They can blame it on Hank, but that is BS in my opinion as well. They could have easily fought it in the media and grandstanded – maybe the average American might feel some pity for them.

Don’t give these jackasses a free pass Stephen. They could have stood on principle for the free market and they ultimately capitulated whether by force or not. They would have been respected if they would have come out in the news at that time.