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GM Goes From Bad to Worse Despite Obama Bailout
Townhall.com ^ | August 23, 2012 | Michael Barone

Posted on 08/23/2012 5:23:17 AM PDT by Kaslin

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To: dalebert
the Treasury now estimates that the government AMERICAN TAXPAYERS will lose more than $25 billion if and when it sells.
21 posted on 08/23/2012 5:53:13 AM PDT by workerbee (June 28, 2012 -- 9/11 From Within)
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To: Kaslin

I have purchased the last of my GM products. My next vehicles will be Ford.


22 posted on 08/23/2012 5:53:31 AM PDT by DMG2FUN
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To: dalebert

I want my money back...... the money due bond holders that was flat out stolen.


23 posted on 08/23/2012 5:53:39 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: taildragger
"Manchester United soccer team"

Because that's George Soros's team!

http://nbcsports.msnbc.com/id/48735599/ns/sports/
24 posted on 08/23/2012 5:54:55 AM PDT by jaydubya2
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To: Kaslin
Good morning.

0bama and his regime keep saying that they "bailed out the auto industry." Ford didn't get a bailout.

5.56mm

25 posted on 08/23/2012 5:59:51 AM PDT by M Kehoe
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To: Kaslin

and Honda is getting aggressive about picking up market share.

Ohio Unveils New 2013 Honda Accord
Tuesday August 21, 2012 7:20 AM
UPDATED: Tuesday August 21, 2012 7:22 AM

http://www.onntv.com/content/stories/2012/08/21/story-new-honda-accord.html


26 posted on 08/23/2012 6:01:15 AM PDT by griswold3 (Big Government does not tolerate rivals.)
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To: bert
I want my money back...... the money due bond holders that was flat out stolen.

And the Preferred Stock-Holders as well if my memory is correct, they got the shaft as well...

I wish I could say who, but in a conversation with a titan in their own field, the utter destruction of contract law and the fear of having all intellectual, physical / mental efforts, and captial obsconded with the wave of a "Leaders" hand has Captial on strike post the GM bankruptcy. That whole "GM event" did not go un-noticed, and I was shocked when they told me how they felt about this and I thought I was the only one on a lonely screed here denoting that fact.

The silent Going Galt Revolution Continues until our Dear Leader is gone...

27 posted on 08/23/2012 6:04:15 AM PDT by taildragger (( Palin / Mulally 2012 ))
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To: jaydubya2

I think that is their new slogan to try and convince Americans why we should vote for them again. Gov. Quinn from IL botched it the othe day during a speech and said “Obama is dead, and GM is alive”.


What was comical to me when I heard Biden was the Osama part. I’m looking for a new job. Can you imagine me highlighting, on my resume, a success I had years ago, and even then only as the manager of a team that did the real work?

The potential employer would assume two things: First, is that all I’ve got and, second, I’ve done nothing since then? And that harkens back to the first.

Well, at least in Obama’s case we would be right.


28 posted on 08/23/2012 6:06:08 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: jaydubya2; taildragger
Manchester United Owner – Malcolm Glazer – is a large Barak Obama contributor.

http://beforeitsnews.com/opinion-conservative/2012/07/stupid-stupid-stupid-gm-invests-600-million-of-our-money-in-english-soccer-team-2447338.html
29 posted on 08/23/2012 6:07:34 AM PDT by jaydubya2
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To: taildragger

The solution to the disgraceful action is for the next President to take money from the UAW pension fund and give it to the rightful owners from which it was stolen.


30 posted on 08/23/2012 6:08:43 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: Kaslin

Who in the hell wants to buy a govenment car? Who wants to buy from a company that Braaaack Obama micromanages?

Eventually GM will become like the USSR’s Lada and East Germany’s Trabant!

Buy a Ford!


31 posted on 08/23/2012 6:10:17 AM PDT by IbJensen (Since light travels faster than sound, some people appear bright until you hear them speak.)
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To: DMG2FUN
I have purchased the last of my GM products.

Agreed. I've bought 2 cars since the bailout. Neither GM.

32 posted on 08/23/2012 6:12:14 AM PDT by Lawgvr1955 (You can never have too much cowbell !!)
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To: cuban leaf

Osama has nothing to do with GM. Obozo had little to nothing to do with killing Osama the poor bewhiskered waco just had to be on Obozo’s kill list.

GM will yet go down the tubes.


33 posted on 08/23/2012 6:13:33 AM PDT by IbJensen (Since light travels faster than sound, some people appear bright until you hear them speak.)
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To: Kaslin
Bailouts are anti-Democratic and will always fail because it allows Gubmint to temporarily pick who wins and who loses.

It will always fail because as long as there is some degree of economic freedom left, the market will ultimately decide winners and losers and in the case of GM, the market is deciding as the balance sheet indicates.

Of course, given another term Barry may have a solution for his problem.

If the Gubmint can mandate you to buy health insurance, then why can't the Gubmit mandate you to buy one of those green lemons called a GM Volt?

I am sure John Roberts and his new found friends on the Supreme Branch of Gubmint would not have any problems with the constitutionality of such a mandate.

34 posted on 08/23/2012 6:17:53 AM PDT by Biblebelter
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To: joe fonebone

“they have no choice but to spend money now, so they must have it if they are spending it...”

Sure Sounds like our government alright....


35 posted on 08/23/2012 6:21:16 AM PDT by oust the louse (Obamacare has morphed into a tax on staying alive.)
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To: IbJensen

Yes, I just think both are negatives in different ways. And the Seals are to Obama what the Swiftboaters were to Kerry. They are effectively taking the one thing he thinks he did right and exposing him for what he is.


36 posted on 08/23/2012 6:22:14 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: PapaBear3625

If it was indeed “too big to fail”, then GM should have been broken up.


37 posted on 08/23/2012 6:25:41 AM PDT by dfwgator
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To: M Kehoe

You’re right. Ford didn’t get a bailout, and that’s why we purchased our last vehicle from them. I wonder how many other Americans have purchased Fords for this reason.


38 posted on 08/23/2012 6:27:15 AM PDT by chickpundit
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To: Kaslin

Obama only has one campaign speech......
“I’m going to steal money from the people who don’t vote for me and give that money to the people who do vote for me.”
Every other speech is a smokescreen.


39 posted on 08/23/2012 6:29:47 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: PapaBear3625
The GM bailout did not fix the structural problems that lead to the bankruptcy in the first place.

The GM Bailout was like applying a tourniquet to the neck to stop a bleeding head wound.

40 posted on 08/23/2012 6:30:26 AM PDT by N. Theknow (Kennedys=Can't drive, can't ski, can't fly, can't skipper a boat, but they know what's best for you.)
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