Posted on 02/17/2012 2:58:09 AM PST by SoFloFreeper
General Motors has posted its most profitable year ever in 2011, coming a long way since being bailed out in 2008 and going bankrupt in 2009... And as a reward of the banner year, GM "says union workers will get $7,000 profit-sharing checks."
(Excerpt) Read more at m.theatlanticwire.com ...
Have I gotta deal for you!
And after a thorough "Self Investigation" by the Obama Administration (with total cooperation from Government Motors and the UAW) that lasted an exhausting 3 days, this car has been re-certified as 100% US Government Approved Safe! Happy days!
Head to your Chevy dealer for yours....now!
all these union members are about to become democrat donors, using tax payer dollars.. again
Inflation is pretty bad lately. Gas is up, food is up, and the price of votes is through the roof.
bookmark
Good point. The Republicans don’t have a leg to stand on.
I am glad you mentioned the bondholders.
But let’s face it, they didn’t just get stiffed out of their investment. It was stolen in all the hyperbole of panic talk.
That money, those checks...belong to the bondholders or need to go to cutting the defict.
A great number of republicans voted against the tarp bailouts. Remember it was Pelosi, Reid and the Democrats toasting and celebrating the passage of Tarp. They were the majority party.
LLS
As a taxpayer I thrilled about this. Because it means now GM can finish paying us off. /sarc
Everyone gets screwed except the drooling screw turners.
I am leaning towards an Alabama built Toyota pickup myself.
LLS
The banks paid the taxpayers back with interest. Try again.
It’s a lot easier to make a profit when you have a huge debt erased, and are made free from future tax bills...
The bank bailout was approved by the Demonrat controlled House and Senate before Bush signed on. And Junior senator B Hussein Obama voted “yes” to those actions.
Moreover, Bush only authorized one half of the TARP funds....he insisted the next administration determine whether it was really needed. Obama spent it immediately.
So Obama spent as much on the bank bailout as Bush.
I agree with you that Bush should not have bailed out the banks...but the bulk of blame lies with the Democrats.
The bank bailout was approved by the Demonrat controlled House and Senate before Bush signed on. And Junior senator B Hussein Obama voted “yes” to those actions.
Moreover, Bush only authorized one half of the TARP funds....he insisted the next administration determine whether it was really needed. Obama spent it immediately.
So Obama spent as much on the bank bailout as Bush.
I agree with you that Bush should not have bailed out the banks...but the bulk of blame lies with the Democrats.
I grew up in a GM town. Corporate HQ of Oldsmobile, Lansing, Michigan. Because of that I was never enamored of GM vehicles as they were just to prevalent so I went with Fords for much of my young adulthood.
The only GM vehicles I have owned were two Corvettes. I am in the market for a SUV, not a pickup, that can tow a medium sized camping trailer weighing about 6000lbs.
I have purchased so many new vehicles I have decided I do not want to any more.
Does everybody remember the AIG bonus flap? Remember the outrage?
On the radio yesterday they said Mitt was running ads against the union in Michigan. Wonder what the truth is here?
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