Political Forums  

Go Back   Political Forums > The Auto industry

We appreciate your help

in keeping this site going.
Reply
 
Thread Tools Display Modes
  #11  
Old 04-23-2010, 12:01 AM
BlueStreak's Avatar
BlueStreak BlueStreak is offline
Area Man
 
Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
But, at least the money is being repaid. And perhaps GM, now relieved of those burdens will regain some of it's former greatness in the market place. Hopefully there will never be another bailout.

We shall see.

Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
Reply With Quote
  #12  
Old 04-23-2010, 05:24 AM
Grumpy's Avatar
Grumpy Grumpy is offline
Administrator
 
Join Date: May 2007
Posts: 1,943
They paid back bailout money with bailout money. Whats to be happy about..
Reply With Quote
  #13  
Old 04-23-2010, 06:57 AM
noonereal noonereal is offline
Abby Normal
 
Join Date: May 2009
Posts: 11,245
Quote:
Originally Posted by Grumpy View Post
They paid back bailout money with bailout money. Whats to be happy about..
All the jobs that were saved.
Reply With Quote
  #14  
Old 04-23-2010, 07:50 AM
merrylander's Avatar
merrylander merrylander is offline
Resident octogenarian
 
Join Date: May 2009
Location: Maryland
Posts: 20,860
Well there is one good thing, recent polls show that people are now thinking that American cars are better than Asian cars. Some of us knew that all along.
__________________
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
Reply With Quote
  #15  
Old 04-23-2010, 08:38 AM
piece-itpete's Avatar
piece-itpete piece-itpete is offline
Possibly admin. Maybe ;)
 
Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,098
I thought on the last contract the automakers gave the UAW a big chunk of cash and the UAW took over the pension funding.

The new hires get a lot less than the oldtimers.

Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
Reply With Quote
  #16  
Old 04-23-2010, 09:34 AM
BlueStreak's Avatar
BlueStreak BlueStreak is offline
Area Man
 
Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
Quote:
Originally Posted by piece-itpete View Post
I thought on the last contract the automakers gave the UAW a big chunk of cash and the UAW took over the pension funding.

The new hires get a lot less than the oldtimers.

Pete
Correct. A whole lot less.
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa

Last edited by BlueStreak; 04-23-2010 at 10:23 AM.
Reply With Quote
  #17  
Old 04-23-2010, 10:29 AM
Fast_Eddie's Avatar
Fast_Eddie Fast_Eddie is offline
Senior Member
 
Join Date: Jul 2009
Location: Denver, CO
Posts: 3,075
Quote:
Originally Posted by Boreas View Post
I'm delighted that they've paid the loan back so early. This way all the Wing Nuts can't say that the gummint "owns GM".

Oh no, they'll say it anyway. Reality never has any bearing on their rhetoric. Government run health insurance sound familiar?
__________________
Two days slow. That's what they are.
Reply With Quote
  #18  
Old 04-23-2010, 10:31 AM
piece-itpete's Avatar
piece-itpete piece-itpete is offline
Possibly admin. Maybe ;)
 
Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,098
So they don't own 61%?

Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
Reply With Quote
  #19  
Old 04-23-2010, 10:56 AM
BlueStreak's Avatar
BlueStreak BlueStreak is offline
Area Man
 
Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
Yes, they do. So what? If GM recovers and returns to profitability, (And I believe they will.) then earnings from stocks held goes into the government coffers. Bailout money returned + a share of any future profits.

Is there a problem with that?

I don't think so.

Oh, I know, "Shoulda let them fail. Should have just let everything fail.".

And people want to vote for MORE of that twisted mentality in November?

God, help us all.

Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa

Last edited by BlueStreak; 04-23-2010 at 11:00 AM.
Reply With Quote
  #20  
Old 04-23-2010, 11:20 AM
piece-itpete's Avatar
piece-itpete piece-itpete is offline
Possibly admin. Maybe ;)
 
Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,098
Making money on stocks is good for this, but not ss?

I never thought GM should fail.

Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 09:46 PM.



Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.