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Did the Bailout Ruin GM?
National Review ^ | May 28, 2014 | Jim Geraghty

Posted on 05/28/2014 1:39:14 AM PDT by grundle

The recalls are multiplying, and the bailout stigma remains.

You may have noticed that General Motors recalled a lot of vehicles lately.

You may not have noticed just how many separate recalls the company announced, 30 since January 1, or just how many vehicles are being recalled — 13.79 million vehicles in the U.S.

For perspective, consider that GM sold roughly 2.6 million vehicles in 2012.

... consumer-data research indicates that pickup-truck buyers skew Republican by a margin five to one, according to a 2008 survey.

Whether GM wants to admit it or not, the “Government Motors” label did serious damage to its reputation and may not wash away so quickly.

(Excerpt) Read more at nationalreview.com ...


TOPICS: Miscellaneous
KEYWORDS: automakers; bailout; generalmotors; governmentmotors
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To: grundle

Nothing but FORDs in our household. I told my kids that if they ever owned a gm I would disown them. They think I’m serious and that’s what matters.


21 posted on 05/28/2014 4:46:34 AM PDT by HANG THE EXPENSE (Life's tough.It's tougher when you're stupid.)
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To: grundle

After watching how the local GM dealer in La Mesa, California treated my parents on a recall of a ‘72 Caprice for a piece of plastic in the carb (it took the THREE trips to replace a piece about the size of a hearing aid and 10 hours each trip), I sore I would never own a GM vehicle. And I have not despite being offered good deals on some classics.

What ever GM is suffering from is systemic and goes back decades, probably to Durant. Hopefully when the fold up shop in the near future because it will be easier to go out of business than settle law suits, their management will never find employment again.


22 posted on 05/28/2014 4:59:52 AM PDT by pikachu (After Monday and Tuesday, even the calender goes W T F !)
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To: John O

My father and I have been buying GM since the 50’s. Never again! We just purchased a Kia Optima. The car is better than a GM product in every way!


23 posted on 05/28/2014 4:59:59 AM PDT by Dr. Ursus
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To: GizzyGirl

Stopped buying American in the 70 s when it started turning out products that were produced to break to keep itself in business

I saw the junk and how it performed

Too bad others didnt do the same and crush the unions that did this to those companies and the city that cradled them

Government takeover made its trajectory intensify

Just my observation

Same will happen to medicine

Don’t just blame their boy Obama

I buy only from one company and it is not American too bad

Though ford ( not taken over) makes a nice truck. It’s costomers would not put up with an inferior product


24 posted on 05/28/2014 5:13:56 AM PDT by stanne
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To: grundle

Had GM for the past 25 years. I love my new Honda Touring. Why anybody would buy GM after Obama gave the stock to the unions is beyond my comprehension. I didn’t even “look” at GM during my purchasing process. Nothing owned/run by the government works...and it holds true for Government Motors.


25 posted on 05/28/2014 5:24:58 AM PDT by ThePatriotsFlag ("There never was a democracy yet that did not commit suicide." - Thomas Jefferson)
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To: stanne

Ford makes good product, but the money goes to the UAW, and that is why I can’t and won’t buy a Ford, either.


26 posted on 05/28/2014 5:25:53 AM PDT by DCBryan1 (No realli, moose bytes can be quite nasti!! (Keeper of the Sick Individuals pinglist))
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To: John O

In my line of work, I buy GM/Chev because nobody can touch the Duramax and I need 3/4 or 1 ton trucks. The Fords diesel isn’t even in the same category. For a gasoline vehicle, I’m sure Ford is fine, but if I was doing that I’d be going Toyota.


27 posted on 05/28/2014 5:42:13 AM PDT by Bulwyf
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To: ThePatriotsFlag

Toyota is really starting to annoy me, I need them to make a 1 ton diesel pickup, stat!


28 posted on 05/28/2014 5:46:54 AM PDT by Bulwyf
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To: DCBryan1

Not here either. My friend had a Torino, a 1973, I think. Earlier than the famed Clint Eastwood model.

It was a great car. I can’t think of anything they’ve built of worth since.

I can’t really talk cars, but I do appreciate a good one.

But you could see the complete deterioration of customer care around that time.

All the rest was predictable. To me, anyway.


29 posted on 05/28/2014 5:52:58 AM PDT by stanne
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To: grundle

GM should have been broken up, just as any company that’s “Too big to fail.”


30 posted on 05/28/2014 5:55:37 AM PDT by dfwgator
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To: grundle

The unions and lazy management ruined GM. The bailout simply kept a failed company going and prevented anyone from fixing it in a meaningful way.


31 posted on 05/28/2014 5:57:36 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: SkiKnee

I had a GMC Jimmy that was a lemmon. I should have taken it back to Morraine in pieces and dumped it out in front of the plant with a sign, “Your dealers can’t fix it amymore.”


32 posted on 05/28/2014 6:29:49 AM PDT by OrioleFan (Republicans believe every day is July 4th, Democrats believe every day is April 15th.)
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To: grundle

Not the bailout. Unions.


33 posted on 05/28/2014 6:34:19 AM PDT by Wyatt's Torch
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To: VaRepublican

My wifes 11 yr. old van was about to give its all so I just bought a 2013 Nissan Murano at an out of town Nissan dealer and couldn’t be happier.

Local Dodge dealer salesman where I had been looking at used cars tried to push Dodge and assured me Dodge had all changed since the bailout. Yeah right, you keep shoveling tons of manure in the hopes that something good will grow bud...

I own two Mercury’s and I like Ford but they are just too expensive. Dodge and GM wasn’t even on my radar and will not be in the future.


34 posted on 05/28/2014 10:51:58 AM PDT by sarge83
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To: grundle

Short answer: NO, GM was ruined long before the bailout... all the bailout did was ensure they could keep acting like they did before it.


35 posted on 05/28/2014 10:54:35 AM PDT by HamiltonJay
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To: HamiltonJay

I curse the day they did the original Chrysler bailout in the 70s, it set a horrible precedent that government was now expected to bail out any enterprise that was “too big to fail.”


36 posted on 05/28/2014 10:55:36 AM PDT by dfwgator
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To: dfwgator

I don’t go that far, the reality is, that had GM and Chrysler gone bust the effect on the supply chain in the US would have been so massive that even Ford could not have built a vehicle, because they would not have been able to get parts because the overwhelming majority of suppliers would have been out of business in short order as well.

I don’t have a problem with the recognition that letting these companies fail would have cause catastrophic ripples through the US economy.... What I find disgusting is that they didn’t force GM through a legitimate BK and that they didn’t make GM and its management and unions put anything on the line to get the $$ they got. They were effectively given a blank check with no real consequence if they failed. So needless to say, nothing really changed at GM.

Chrysler on the other hand was given loans, and so they had to prove their right to exist.. GM was given a pass. This is part of the reason Chrysler has come back and GM is the same fustercluck it always was.

A very good interview with the CEO of Chrysler, well worth the time to watch if you are truly interested in facts and not political spin left or right.

https://www.youtube.com/watch?v=tjX5LnM8osI#t=367


37 posted on 05/28/2014 11:08:01 AM PDT by HamiltonJay
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To: sarge83

Watch the following... GM hasn’t changed a lick, but Chrysler has changed significantly, they are not remotely the same company that was being driven into the ground by investment bankers who had no idea how to manufacture.

https://www.youtube.com/watch?v=tjX5LnM8osI#t=367


38 posted on 05/28/2014 11:09:42 AM PDT by HamiltonJay
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To: sarge83

Watch the following... GM hasn’t changed a lick, but Chrysler has changed significantly, they are not remotely the same company that was being driven into the ground by investment bankers who had no idea how to manufacture.

https://www.youtube.com/watch?v=tjX5LnM8osI#t=367


39 posted on 05/28/2014 11:09:42 AM PDT by HamiltonJay
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40 posted on 05/28/2014 11:09:51 AM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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