GM is back, thanks to Uncle Sam

Houston Chronicle ^ | September 28, 2011 | E.J. DIONNE

[JoeGar]

Two items:

1. GM still has not repaid the government for its loan.

2. Taking an eraser and erasing your debt does wonders for your finances (but, of course, it screws those to whom you owed money).

[equaviator]

“Lawyer up now, because you’re going to go down once again in a few years, with 1 million unwanted Volts sitting in your parking lots.”

1,000,000 Volts, yer ass! There are but one or two in the lots and dat be it.

[tony549]

My father is nearing retirement in Hong Kong. He bought some GM bonds on the advice of his broker. He ended up getting back ~20 cents on the dollar. It wasn’t a big fraction of his holdings, but I was offended that the UAW took precedence over bond holders. I will NEVER buy another GM car.

[lwoodham]

This is going to make liberals easy to spot on the highway. They will be the only ones buying the GM vehicles. See one? Just ease him off into the ditch lol.

[catnipman]

Hmmm. New GM stock down 41% in 10 months since its IPS. Sounds about right for a leftist definition of success.

[Oceander]

Yeah, the "resuscitation" of GM: it's pretty easy when you simply steal the company from its rightful owners, hand most of it over to the unions, and then get a no-strike clause into the union agreements, so that the only company that faces the risks of a strike is the only company that didn't take a bailout - i.e., corporate welfare - and that is Ford.

GM is not now, and never will be until it goes through at least one honest bankruptcy, a legitimate American auto manufacturer, and buying a GM is like buying stolen property.

[tacticalogic]

Maybe GM's next ad campaing should be:

"You're already paying for it, you might as well own one!"

[MasterGunner01]

What GM ought to do is negotiate a deal to build the majority if its cars and trucks in China. That way the UAW goons left jobless due to outsourcing can go into the GM Jobs Bank. The UAW thugs show up at the union hall to watch porn on-line or read the paper or call-in bets to their bookies for 9 hours a day every week and draw 95% of their wages for life (or until they retire). What's not to love about that?

[gigster]

You're already paying for it, you might as well own one!

[gigster]

You're already paying for it, you might as well own one!

Now, that is funny!

[equaviator]

I retract my initial remark. Found some interesting Volt facts here>>

http://green.autoblog.com/2011/09/22/chevy-volt-sales-whats-the-real-story/

[discostu]

And Chrysler shows at that 25 years from now we’ll have to go through it all over again. Capitalism is built on failure, companies dieing creates opportunities for new companies. When the government intervenes to save a dinosaur now instead of the young fresh smart companies you’re stuck with a dinosaur that’s ill equipped for the current market and will need to be saved again.

[Joe Boucher]

Chrysler, Plymouth. Nissan, dat sun
You can call it what u care
I call it a studabaker or Pontiac cause they b dead

[Joe Boucher]

Yep