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Post by AztecWilliam on Sept 6, 2012 17:17:10 GMT -8
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Post by tuff on Sept 18, 2012 13:35:40 GMT -8
Obama put in $50 billion into GM and said it would pay back a bundle. Well, today if they were to sell the stock we would lose $15 billion and probably more. But, hey! He helped all his union boys and screwed the bond holders and honest investors.  |
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Post by aztecwin on Sept 18, 2012 14:09:28 GMT -8
This must be another one of obama's core beliefs about redistribution. You take from Bondholders, give to Unions and hose the taxpayers all in one deal.
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Post by sdsustoner on Sept 18, 2012 14:36:18 GMT -8
Didn't R Money approve of this until now?
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Post by aztec70 on Sept 18, 2012 15:04:24 GMT -8
Refresh my memory. Did the cons bitch and moan about AIG? Let me remind you that we made money on that. Let me also remind that we do not need to sell GM stock now. We can wait for a gain down the road.
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Post by sdsustoner on Sept 18, 2012 15:09:37 GMT -8
Refresh my memory. Did the cons bitch and moan about AIG? Let me remind you that we made money on that. Let me also remind that we do not need to sell GM stock now. We can wait for a gain down the road. I'm still confused about why they didn't send Bush, the Socialist back their tax refund checks being staunch opposition to anything socialist themselves. |
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Post by tuff on Sept 18, 2012 15:11:22 GMT -8
Refresh my memory. Did the cons bitch and moan about AIG? Let me remind you that we made money on that. Let me also remind that we do not need to sell GM stock now. We can wait for a gain down the road. They are losing money. They could sell later,maybe ten or twenty years from now. But I wouldn't buy the stock. AIG was great, but unfortunately just about everything else is in the shitter. Maybe someone on here could give a list and status report. I don't have the time or patience. |
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Post by aztecwin on Sept 18, 2012 18:18:51 GMT -8
Refresh my memory. Did the cons bitch and moan about AIG? Let me remind you that we made money on that. Let me also remind that we do not need to sell GM stock now. We can wait for a gain down the road. I'm still confused about why they didn't send Bush, the Socialist back their tax refund checks being staunch opposition to anything socialist themselves. You equate sending your part of your own money back to you with somekind of Socialist Entitlement Program like Foodstamps? I know you know better, now go back and restate your idea. |
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Post by aztecwin on Sept 18, 2012 18:21:56 GMT -8
Refresh my memory. Did the cons bitch and moan about AIG? Let me remind you that we made money on that. Let me also remind that we do not need to sell GM stock now. We can wait for a gain down the road. You convienietly ignore the main idea of raping bondholders to benefit a union. You could, which you will not, make billions on the deal and still not change the fact that you screwed the bondholders in an unlawful manner. |
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Post by aztec70 on Sept 18, 2012 18:50:19 GMT -8
Refresh my memory. Did the cons bitch and moan about AIG? Let me remind you that we made money on that. Let me also remind that we do not need to sell GM stock now. We can wait for a gain down the road. You convienietly ignore the main idea of raping bondholders to benefit a union. You could, which you will not, make billions on the deal and still not change the fact that you screwed the bondholders in an unlawful manner. Are telling us that an astute investor like you held GM bonds until the bankruptcy? |
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Post by aztec70 on Sept 18, 2012 18:58:29 GMT -8
Refresh my memory. Did the cons bitch and moan about AIG? Let me remind you that we made money on that. Let me also remind that we do not need to sell GM stock now. We can wait for a gain down the road. They are losing money. They could sell later,maybe ten or twenty years from now. But I wouldn't buy the stock. AIG was great, but unfortunately just about everything else is in the shitter. Maybe someone on here could give a list and status report. I don't have the time or patience. Everything I have read says they are profitable. The majority of analysts say buy. Are letting your politics color your financial decisions? |
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Post by aztecwin on Sept 18, 2012 18:59:37 GMT -8
You conveniently ignore the main idea of raping bondholders to benefit a union. You could, which you will not, make billions on the deal and still not change the fact that you screwed the bondholders in an unlawful manner. Are telling us that an astute investor like you held GM bonds until the bankruptcy? Nope, but I did hold GMAC debentures for a long time, but they came mature and paid off. That does not change the idea that I am outraged at what obama did in violation of bankruptcy law. |
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Post by aztec70 on Sept 18, 2012 19:03:47 GMT -8
Are telling us that an astute investor like you held GM bonds until the bankruptcy? Nope, but I did hold GMAC debentures for a long time, but they came mature and paid off. That does not change the idea that I am outraged at what obama did in violation of bankruptcy law. How did he violate law? |
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Post by aztec70 on Sept 18, 2012 19:07:04 GMT -8
BTW, the stock was in the 18s in July, mid 24s now. Sweet gain for those capitalists who bought 3 months ago.
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Post by tuff on Sept 19, 2012 10:42:13 GMT -8
GM has to hit $53.00 a share for the govt. to break even. Meanwhile, Abound Solar bases in Colorado goes up for auction and I believe the Feds put a $500 million loan guarantee on that. Another Solyndra......
Bottom line. Govt. needs to get out of the business of being in business.
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Post by sdsustoner on Sept 19, 2012 11:52:47 GMT -8
GM has to hit $53.00 a share for the govt. to break even. Meanwhile, Abound Solar bases in Colorado goes up for auction and I believe the Feds put a $500 million loan guarantee on that. Another Solyndra...... Bottom line. Govt. needs to get out of the business of being in business. What would your opinion be if things worked out? I agree to an extent. The regulations if enforced are gov being in business. We have a weekend and our kids do not work hard labor in factories due to the gov in business. Our food is safe in theory due to gov in business. As far as what you said, I agree. I wish our businesses were more of a community rather than a battle royal. For instance in Japan when Mitsubishi was about to go under, Honda, Toyota and Nissan all chipped in to help them still exist. No gov. bailout. Or be like Ford who actually was proactive in its business and needed no handouts. |
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Post by tuff on Sept 19, 2012 12:24:25 GMT -8
GM has to hit $53.00 a share for the govt. to break even. Meanwhile, Abound Solar bases in Colorado goes up for auction and I believe the Feds put a $500 million loan guarantee on that. Another Solyndra...... Bottom line. Govt. needs to get out of the business of being in business. What would your opinion be if things worked out? I agree to an extent. The regulations if enforced are gov being in business. We have a weekend and our kids do not work hard labor in factories due to the gov in business. Our food is safe in theory due to gov in business. As far as what you said, I agree. I wish our businesses were more of a community rather than a battle royal. For instance in Japan when Mitsubishi was about to go under, Honda, Toyota and Nissan all chipped in to help them still exist. No gov. bailout. Or be like Ford who actually was proactive in its business and needed no handouts. It's one thing to have regulations and laws, and to enforce them. And that is the job of government. It's another thing to use our tax dollars to blindly put them into businesses which they have no knowlege about. In several cases they were warned about putting in our dollars but did anyway. Now we are on the hook and it's into the billions. And it's our hard earned money and that stinks. I hope GM makes it cuz it's an American company. If GM were to jack their warranties up to 100,000 miles like their competitors do, they will surge in sales IMO. |
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Post by aztecwin on Sept 19, 2012 13:11:22 GMT -8
Nope, but I did hold GMAC debentures for a long time, but they came mature and paid off. That does not change the idea that I am outraged at what obama did in violation of bankruptcy law. How did he violate law? Do you know anything about bankruptcy law. We have been over this time and again. I have lost patience with you so you will have to learn something on your own or remain ignorant. |
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Post by aztec70 on Sept 19, 2012 13:44:27 GMT -8
Do you know anything about bankruptcy law. We have been over this time and again. I have lost patience with you so you will have to learn something on your own or remain ignorant. No, we have not. If we have, produce the threads and I will reread them. In the mean time it appears I have annoyed you. Wonderful. ;D |
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Post by aztecwin on Sept 25, 2012 13:42:07 GMT -8
Obama success story... reported by Bloomberg Reports
79% of GM’s sales last month was government purchased!
July 12th, 2012
Remember how Obama keeps telling us how he saved GM, and how our economy is getting better? It seems the car company he bought with our money is being saved by Govt employees using our tax money to buy new cars. 79% of GM’s sales last month was government purchased.
GM’s sales figures for last month were the best since 2008 , up 16% for the month of June. YIPPEE!
Well, o.k., then just hold on a minute. It seems that those rosy sales figures are due primarily to a 79% increase in fleet sales to the U.S. government in June. That’s right. Our tax dollars are being used to pump up GM’s sales figures ahead of next month’s quarterly report so that Dear Leader can point to Government Motors as a huge success. The incestuous relationship between GM, the UAW and the Regime has never been more glaringly apparent. I’ve said it before and I’ll say it again. GM is unsustainable without government subsidies and will ultimately go bust again, taking billions of taxpayer dollars down with it.
We bailed out General Motors to the tune of $50 billion. $30 billion of this is effectively a loss, mostly sunk into fattening the United Auto Workers union—fierce Obama supporters—while the actual bondholders were shown the elevator shaft.
Meanwhile, as News Busters reports, “We the Taxpayers are still stuck holding 500+ million shares of GM stock. Which we need to sell at $53 per. Which debuted post-bankruptcy at $33 per. And which is currently trading at just over $20 per. Meaning we’ll lose about $15 billion.”
But it gets better. Despite the overwhelming negatives, the tiny bright spot of positive June sales numbers is being heralded by Obama and the leftist press as proof the auto bailout was a “success.”
Obama is now campaigning on the “success” of – the government buying cars from…the government’s car company. With our money.
Americanvision says That’s like you setting up a lemonade stand for your kids. You buy them the lemons, sugar, cups and pitchers – and then buy most of the lemonade yourself.
The pressure is on Government Motors to appear financially strong as this may be the last earnings report before November elections and sets the stage for how “successful” GM is. One of GM’s past tricks to help fudge earnings numbers has been to stuff truck inventory channels. Old habits die hard at GM. According to a Bloomberg report, “GM said inventory of its full-size pickups, which will be refreshed next year, climbed to 238,194 at the end of June, a 135 days’ supply, up from 116 days at the end of May.” 135 days’ supply is huge, the accepted norm is a 60 day supply. The trick here is that GM records revenue when vehicles go into dealership
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