Eat your vegetables!You (GM) have been absorbed.
And here I was hoping that the theft of the bondholders by the unions would have gone to the Supreme Court by now....Huh. Or how about the GM dealerships taken away and given to Barry’s Cronies? .....crickets.... Crony Crapitalism at its finest.
You can’t back down from a deal with the devil!
If GM gets free from the Government their first move will be to drop the Losing Volt.
Obama can;t have thet.
It doesnt say what the loss would be.
The US Treasury would take a huge loss if they sold off the GM stock at current prices. It was a mistake to take on this stock in the first place, but it would be a disaster to sell it at the bottom of the market.
Of course, if there is money to be make by Obama cronies, consider it a done deal!
I have a family member that used to work at a Chevy dealership and he says that at least once a week someone would come in, look around, talk like they were really interested but would then leave. As they were departing, they would LOUDLY tell the showroom that Chevy vehicles aren’t worth paying for TWICE!
He used to laugh about it, but several of his co-workers didn’t think it was nearly as funny.
The appropriate action would be to GIVE IT BACK to the rightful shareholders and let them vote on where they want the company to go.
“...the U.S. taxpayers now own almost 27% of the company”
But...but...back in 2008, Obama said the federal government wasn’t interested in the business of running private business, and that the plan was to “get in and then get out” as quickly as possible?
Gosh, you’d think Obama wasn’t being honest with us back then!
/do I really need a sarc tag?
U.S. Balks at GM Plan
Government Is Reluctant to Sell Auto Stake at a Huge Loss
They can’t attract top talent? Must take a lot of talent to screw on lug nuts on the assembly line, because they made sure that top talent was rewarded. BS. You made your bed and the Democrats have peed in it. Roll over and look for a dry spot.
0bama’s govt gave $50 billion for 27% of GM
GM’s current market cap is $37.38 billion
this means...
the federal govt spent $50 billion dollars ...
for $10 billion worth of goods
(Romney camp should pick this up and run with it)
Eat your vegetables!My friend just bought a Ford F150 because 0 owns GM. He has been a GM buyer for a long time.
Who would want them?
They had to tie steak pizzaiola around Chrysler’s neck to get the Italians to bite.
GM doesn’t get it. If Barry sells his shares then it wouldn’t be communism anymore.
This is right out of Atlas Shrugged. This is what happens in a world dominated by "partnerships" between government and business, aka "crony capitalism."
AS II hits the screens on 10/12/12.
General Motors may have an or plan for Obama.They can tell him if he won’t cut the ties they will shut down factories here and use the China plants.
General Motors may have an or else plan for Obama.They can tell him if he won’t cut the ties they will shut down factories here and use the China plants.
Obama can’t allow it to be sold because of his mentoring by Frank Marshall Davis.
In short, it would be easy to picture Frank Marshall Davis, if he were president of the United States, nationalizing GM. Clearly, Davis would have favored some significant government action to manage and control General Motors. I’m certain he would have been pleased with Barack Obama’s actions with GM.