Sep
17
2012
Feds Refuse to Let Go of GM
The House of Big Government is like the Hotel California. Once you check in, you may never leave:
The Treasury Department is resisting General Motors’ push for the government to sell off its stake in the auto maker, The Wall Street Journal reports. Following a $50 billion bailout in 2009, the U.S. taxpayers now own almost 27% of the company. But the newspaper said GM executives are now chafing at that, saying it hurts the company’s reputation and its ability to attract top talent due to pay restrictions.
Welcome to the planned economy.
So far taxpayers have lost $14.6 billion on Government Motors stock and counting.
Not about to relinquish the wheel.
On tips from G. Fox, Bob Roberts, Wiggins, J, and Stormfax.
F-ck gm hope you still go under will never buy another gm product or uaw product.
“..the U.S. taxpayers now own almost 27% of the company.”
You mean – *Obama* owns 27%.
“…GM executives are now chafing at that, saying it hurts the company’s reputation and its ability to attract top talent due to pay restrictions.”
Pay restrictions? In Obama’s socialist utopia company? Oh, how could that be?? (/sarcasm)
Welcome to reality, liberal suckers at GM! You took the 30 pieces of silver that were offered to you, and now you have to live with the consequences that come with it. Obama has forced you to produce cars that nobody wants, and you can’t hire anyone to come up with better ideas or run the company better because their pay is restricted. And now you’re screwed because that isn’t going to change. Ever.
Meanwhile…hey all you unemployed liberals and illegal aliens: there are going to be top-level job openings at GM soon! Go put in your application! If someone as unqualified as Hussein Obama can become president, you should be able to get a job as CEO at GM!
I’m with jtm – I will not buy any GM product – Government Motors.
Oh yeah. Didn’t Reagan say something to the effect of “once a bureaucracy, always a bureaucracy”?
[...] Street Journal reports. Following a $ 50 billion bailout in 2009, the U.S. taxpayers now own [...] Moonbattery Tags: feds, refuse Posted in Pundits | No Comments [...]
… wow. talk about ‘missing the bigger picture’…
Without the bailout, GM is gone. Gone the way of the dodo. So whining about how there are strings attached to their continued existence seems kinda… unlikely. Especially when the alternative is unemployment for a million people.
Way to deride the very idea of saving American jobs, wingnuts. Way to place partisanship above common sense or the well-being of your fellow man. Makes me proud that you people get to call yourselves Americans.
So, go ahead and never buy another Chevy. Ignore Buick, and let Cadillac go away, too… you can all be good Americans and buy a BMW. Right?
Bankruptcy=gone. Wrong again, leftard. That’s just scare tactics to get us to swallow the socialist takeover. Bankruptcy does not mean shutting the doors, having a fire sale, and becoming a memory, just allowing the organization to restructure its finances into a sustainable form. The bailout was just a payoff to the union thugs and cronies, with the bonus of hamstringing an “evil corporation”.
KMart was in bankruptcy, they’re still around, not only that, they bought Sears, who wasn’t in bankruptcy, while this was going on. The bailout (and the fake payback) didn’t save GM, in fact they’re failing at least as hard now as they were before, and headed for bankruptcy again. Only they’re doing it with our grandchildren’s money this time.
@realitysliberalbias
At what price are these people employed, and to what end?
So you can feel good about subsidizing an unprofitable and meandering conglomerate, producing bad products that no one wants, at least not enough to make them viable, and feel there is some kind of success there?
Who needs these cars? Who wants them? The American people don’t want to be strapped financially to prop up a failing business.. if they can’t stand without being subsidized, we don’t need them … look at Amtrak .. same deal ..
Stop whining and get with reality .. I’m all for supporting those who make do and make it work, like Ford, even though I don’t like some of Ford’s executives and their sentiments, at least they don’t look to taxpayers to make them viable with subsidies.
GM drank the kool-aid, now its time for them to lay down and die. Tough, it was a huge part of my youth, my 56 chevy will always be a fond memory..but its time to move on.
Hotel California? I think a better comparison would be to a Roach Motel.
Besides, OBOZO wants to keep tight control on the UAW that, thanks to him, owns much of Government Motors and needs to keep paying the d-cRAT socialist party for that taxpayer-funded gift.
reality,
“Way to deride the very idea of saving American jobs, wingnuts.”
Let’s not forget that the UAW rank and file had a hand in putting GM in the red. They are the one who derided the idea of saving jobs. Save the sanctimonious crap. You vote to put your company in the red and you lose you job don’t come to me and expect me to shed any tears. Tough $hit!
reality, what kind of car do you drive?
“realitysliberalbias says:September 17, 2012 at 2:06 pm”
The NON-UNION Saturn plant was the first thing they shut down. They shut down dozens of dealerships in Florida alone.
Now what were you saying about loseing jobs?
GM could have gone through bankruptcy, like many other car companies have done over the years. If they could reorganize and make a go of it, then they would still be here. But bankruptcy and reorganization or not, if their products can’t stand up to the competition, than they should go. If all you people who support the bailout of GM would just put your money where your mouth is and actully BUY a GM car, they wouldn’t have needed a bailout. So you all claim to want to support “jobs”, but in the end, you really don’t support their jobs, do you.
Obama’s probably afraid that GM will go bankrupt, restructure, and stick it to his union buddies.
We can’t let that happen, can we?
Not to worry…the VOLT will bankrupt GM before Obama can force each of us to buy one.
By the way, more than half of all GM sales are purchases made by the government.
Without the bailout, GM is gone. Gone the way of the dodo
realitybaseddodo
GM still had name recognition.
And their still was a demand for cars
They could have been broken up and (the more profitable divisions sold) to new investors with fresh ideas
Why don’t you admit it was your precious UAW that was facing the chopping block ?
——-
. If all you people who support the bailout of GM would just put your money where your mouth is and actully BUY a GM car, they wouldn’t have needed a bailout
The volt is being purchased by those for whom it makes sense
General Electric (maker of the car chargers) and the government (political return)
http://nlpc.org/stories/2012/01/04/chevy-volt-fleet-sales-rise-retail-demand-remains-weak
http://en.wikipedia.org/wiki/Trabant
Have you ever known the govt. to end a useless and unnecessary program before ALL the money’s been lost? In fact, i’m sure the govt. will still be handing GM OUR money in 2014 when GM plans to open 600 new dealerships, and will be building it’s new 2014 DTS sedan, in China!…… I wonder if all those black UAW workers can speak Chinese?
Note that Obama in a desperate bid to save GM again is “talking tough” to the Chinese about unfair motor vehicle practices.
But the world knows he a treacherous ally and a timid foe, so he will be told to get back to his golf cart. At very least they will wait till after the election.
“you can all be good Americans and buy a BMW. Right?”
Yeah, particularly the ones made in South Carolina.
realitysliberalbias says: wow. talk about ‘missing the bigger picture’…
Fortunately for you, not all of us drank the Kool Aid, my friend.
When Israel bombs Iran, Obama will get his wish for $10/gallon gas. The EPA will immediately institute their pending “4 gallon Minimum Purchase” rule. Then watch the fun begin.
Trust me on this.
Think Obama’s reluctant to part with Government Motors; just think a moment about how reluctant he may be to move out in January…
Don’t expect a reply from realitysliberalbias. He is the pigeon of blogs. Flies in, craps, flies out. It’s just a job for him.
.
Looks like “realitybiteslibsintheass” crawled back under its rocks when confronted with REALITY by AntiMoonbat Commenters.
;-D
.
“you can all be good Americans and buy a BMW. Right?”
Toyota and Nissan.
““you can all be good Americans and buy a BMW. Right?”
Toyota and Nissan.”
Hondas from Ohio, Mercedes, Kia, Hyundais from Alabama, and for our special moonbat pals, Priuses (Prii ?) from – gasp – Mississippi.
Anyone out there, cause I’m not for sure and this is a legitimate question: What is the average hourly wage of an assembly line worker at any GM, Dodge/Chrysler or Ford plant?
I was told by someone close to the Louisville Ford plant a couple of years ago that the hourly wage was $72-78.00 per hour. They cut their weekly hours worked by half about then. I just want an honest answer.
Anyone know?