Warning

 

Close

Confirm Action

Are you sure you wish to do this?

Confirm Cancel
Member Login

Arrow Left Previous Page
Page / 6
Posted: 12/9/2013 12:55:38 PM EST
One of the many reasons i will never guy a GM again.


http://www.zerohedge.com/news/2013-12-09/treasury-out-gm-105-billion-loss-claims-768-roi


WASHINGTON – As the Troubled Asset Relief Program (TARP) continues to wind down, the U.S. Department of the Treasury today announced that it has sold all of the remaining shares of General Motors (GM) common stock.

“The President’s leadership in responding to the financial crisis helped stabilize the auto industry, and prevent another Great Depression. With the final sale of GM stock, this important chapter in our nation’s history is now closed,” said Treasury Secretary Jacob J. Lew. “The President understood that inaction could have cost the broader economy more than one million jobs, billions in lost personal savings, and significantly reduced economic production. As a result of his efforts, which built on those of the previous Administration, more than 370,000 new auto jobs have been created, and all three U.S. automakers are profitable, competitive, and growing.”

Treasury has recouped a total of $39 billion from the original GM investment. To date, Treasury has recovered a total of $432.7 billion on all TARP investments - including the sale of Treasury’s shares in AIG - compared to $421.8 billion disbursed. Treasury will continue to wind down the remaining investments in a manner that balances maximizing the taxpayer’s return on investments with the speed of our exit.
Link Posted: 12/9/2013 1:01:01 PM EST
I wish we could organize an effective way to shut off the tax payer spigot to the federal government until economic lunacy and dumbassary is abolished. But unfortunately total economic meltdown is about the only way it'll ever happen
Link Posted: 12/9/2013 1:01:30 PM EST
Lies.

All of it.
Link Posted: 12/9/2013 1:22:36 PM EST
[Last Edit: 12/9/2013 1:31:57 PM EST by cm]
well, that may be what they lost on the stock in the most recent sale...

there is still the money they gave to gm before they defaulted and entered bankruptcy - 15.4 billion,

…In addition, the government would extend a credit line to the new company and forgive the bulk of the $15.4 billion in emergency loans that the U.S. has already provided to GM, the source said.
View Quote
http://hotair.com/archives/2009/05/19/obama-plans-to-convert-gm-loan-into-gift/


plus a 45.4 billion tax credit - that's right, they didn't have to pay taxes on at least 45.4 billion
Now it turns out, according to documents filed with federal regulators, the revamping left the car maker with another boost as it prepares to return to the stock market. It won't have to pay $45.4 billion in taxes on future profits.
View Quote
http://online.wsj.com/news/articles/SB10001424052748704462704575590642149103202

and they are lying about how much the govenment is losing on gm, as they lost 9 billion when the stock ipo'ed

Treasury is reducing its stake in GM through the initial share sale from 61 percent to 37 percent at minimum. It could sell more shares initially to bring down taxpayer exposure to 33 percent, depending on whether an overallotment option is exercised.
View Quote

Bloom said GM has done the right thing and pricing of $33 per share is a "fair deal" even though the partial sale represents a loss of roughly $9 billion on taxpayers' original investment.

"We're very comfortable with the way this went," Bloom said.



http://www.reuters.com/article/2010/11/18/gm-ipo-treasury-idUSN1827687520101118


edit - topic dupage but this has a link
http://www.ar15.com/forums/t_1_5/1566517_US_government_sells_rest_of_its_General_Motors_stock__loses__10_5_billion_on_bailout.html

Link Posted: 12/9/2013 1:31:20 PM EST
Sickening to see the fraud foisted upon taxpayers, who are largely unaware of what happened unless they were bond holders
Link Posted: 12/9/2013 1:40:38 PM EST
[Last Edit: 12/9/2013 1:41:06 PM EST by Abearir]
What ya want to bet they GAVE the stock to China in lieu of cash on the national debt?
Link Posted: 12/9/2013 1:42:19 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By pighelmet:
Lies.

All of it.
View Quote


This ^^^. Anyone who trusts anything this admin says is an idiot.
Link Posted: 12/9/2013 1:48:21 PM EST
People here will keep lining up to buy shit from them, and when the UAW once again helps to get another democrat elected they will be the first on here with the FBHO rhetoric.

Also don't forget the billions of dollars worth of stock gifted to the UAW.

Just imagine if when all this shit went down Americans refused to continue to patronize these companies, imagine what kind of message that would have sent and where we'd be today.

Link Posted: 12/9/2013 1:54:05 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Partisan:


This ^^^. Anyone who trusts anything this admin says is an idiot.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Partisan:
Originally Posted By pighelmet:
Lies.

All of it.


This ^^^. Anyone who trusts anything this admin says is an idiot.



I bet what they did to get that ROI number was not only count GM's income, but the income of all of GM dealerships, suppliers, financiers, etc. and simply roll them into the numerator. Because, you know- all that only happened because they stole GM with tax dollars and gifted it to the UAW in exchange for political allegiance AND all of the expenses for the other entities don't count because yes we can.

Shit can't end soon enough.




Link Posted: 12/9/2013 1:55:55 PM EST
It's nice to know the Enron accountants are gainfully employed elsewhere...
Link Posted: 12/9/2013 2:04:22 PM EST
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
Link Posted: 12/9/2013 2:09:00 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
View Quote

And this is the attitude of most of Americans (I'm no doubt guilty of it too). If it personally benefits me it's okay or I don't care. It's only when it's the other guy I am outraged.
Link Posted: 12/9/2013 2:10:04 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
View Quote
whatever, you won't see me drive one
Link Posted: 12/9/2013 2:12:35 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
View Quote


Not going the way you hoped. Only GM product I would buy is the Trans Am, oh wait.
Link Posted: 12/9/2013 2:14:53 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Lakemoor:


Not going the way you hoped. Only GM product I would buy is the Trans Am, oh wait.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Lakemoor:
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.


Not going the way you hoped. Only GM product I would buy is the Trans Am, oh wait.


Not going the way I hoped? Sorry I dont follow.
Link Posted: 12/9/2013 2:17:27 PM EST
[Last Edit: 12/9/2013 2:18:51 PM EST by Alien]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By cm:
well, that may be what they lost on the stock in the most recent sale...

there is still the money they gave to gm before they defaulted and entered bankruptcy - 15.4 billion,

http://hotair.com/archives/2009/05/19/obama-plans-to-convert-gm-loan-into-gift/


plus a 45.4 billion tax credit - that's right, they didn't have to pay taxes on at least 45.4 billion
http://online.wsj.com/news/articles/SB10001424052748704462704575590642149103202

and they are lying about how much the govenment is losing on gm, as they lost 9 billion when the stock ipo'ed


Bloom said GM has done the right thing and pricing of $33per share is a "fair deal" even though the partial salerepresents a loss of roughly $9 billion on taxpayers' originalinvestment.

"We're very comfortable with the way this went," Bloomsaid.



http://www.reuters.com/article/2010/11/18/gm-ipo-treasury-idUSN1827687520101118


edit - topic dupage but this has a link
http://www.ar15.com/forums/t_1_5/1566517_US_government_sells_rest_of_its_General_Motors_stock__loses__10_5_billion_on_bailout.html

View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By cm:
well, that may be what they lost on the stock in the most recent sale...

there is still the money they gave to gm before they defaulted and entered bankruptcy - 15.4 billion,

…In addition, the government would extend a credit line to the new company and forgive the bulk of the $15.4 billion in emergency loans that the U.S. has already provided to GM, the source said.
http://hotair.com/archives/2009/05/19/obama-plans-to-convert-gm-loan-into-gift/


plus a 45.4 billion tax credit - that's right, they didn't have to pay taxes on at least 45.4 billion
Now it turns out, according to documents filed with federal regulators, the revamping left the car maker with another boost as it prepares to return to the stock market. It won't have to pay $45.4 billion in taxes on future profits.
http://online.wsj.com/news/articles/SB10001424052748704462704575590642149103202

and they are lying about how much the govenment is losing on gm, as they lost 9 billion when the stock ipo'ed

Treasury is reducing its stake in GM through the initialshare sale from 61 percent to 37 percent at minimum. It couldsell more shares initially to bring down taxpayer exposure to33 percent, depending on whether an overallotment option isexercised.

Bloom said GM has done the right thing and pricing of $33per share is a "fair deal" even though the partial salerepresents a loss of roughly $9 billion on taxpayers' originalinvestment.

"We're very comfortable with the way this went," Bloomsaid.



http://www.reuters.com/article/2010/11/18/gm-ipo-treasury-idUSN1827687520101118


edit - topic dupage but this has a link
http://www.ar15.com/forums/t_1_5/1566517_US_government_sells_rest_of_its_General_Motors_stock__loses__10_5_billion_on_bailout.html


They're using that new math. A government should not exist to be a bank for private corporations that corporations can happily rip off for billions of taxpayer dollars.
Link Posted: 12/9/2013 2:19:49 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
View Quote

Very patriotic.
Link Posted: 12/9/2013 2:20:27 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
View Quote

Link Posted: 12/9/2013 2:20:34 PM EST
Did the original bondholders get paid back?

You know, from the original company that was called, uhm....GM?
Link Posted: 12/9/2013 2:25:56 PM EST

someone has to pay for those union benefits...

and a portion of the money artificially supporting those auto workers paychecks is coming out of the pocket of Americans making less than them.
Link Posted: 12/9/2013 2:33:06 PM EST
I love it when people say things could have been worse when our tax dollars go to help a company they like... Wasting tax dollars is bad unless it helps me... isn't that exactly what is going down with the FSA slugs???

whether it is welfare junkies or rich fat cat businessmen or middle class working folks... when the gov spends our tax dollars inappropriately... it is still bad for the country and at some point we the people are going to have to do something about it. I hope it can be a voting issue but I'm afraid it is looking like a peaceful solution is just not in the cards.
Link Posted: 12/9/2013 2:35:03 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
View Quote
This here is exactly what is wrong with this country. Everyone's okay with anything that goes on as long as it benefits them.

"Fuck you it's good for me. Sorry."
Link Posted: 12/9/2013 2:36:21 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:


Not going the way I hoped? Sorry I dont follow.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:
Originally Posted By Lakemoor:
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.


Not going the way you hoped. Only GM product I would buy is the Trans Am, oh wait.


Not going the way I hoped? Sorry I dont follow.
Change your avatar to don't tread on me tread on someone else.
Link Posted: 12/9/2013 2:36:48 PM EST
The negotiated settlement was a gift to the UAW.
Link Posted: 12/9/2013 2:38:46 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
View Quote



Somalia has GM dealerships?

Yeah. I am going to say stuff like that when people flying SOM try to defend bullshit government pork.
Link Posted: 12/9/2013 2:39:08 PM EST
[Last Edit: 12/9/2013 2:39:39 PM EST by dsg2003gt]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By pighelmet:
Did the original bondholders get paid back?

You know, from the original company that was called, uhm....GM?
View Quote



No - that would be unfair. They made a bad investment. Capital markets and all...
Link Posted: 12/9/2013 2:42:32 PM EST
[Last Edit: 12/9/2013 2:43:29 PM EST by 1Andy2]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By dsg2003gt:



No - that would be unfair. They made a bad investment. Capital markets and all...
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By dsg2003gt:
Originally Posted By pighelmet:
Did the original bondholders get paid back?

You know, from the original company that was called, uhm....GM?



No - that would be unfair. They made a bad investment. Capital markets and all...



That "deal" told me all I needed to know about just where we are as a country.

There is literally nothing stopping the government from shutting down banks, confiscating accounts, enacting wage and price controls, etc...

We are a market crash and depression away from emulating Venezuela.
Link Posted: 12/9/2013 2:43:44 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By 1Andy2:



That "deal" told me all I needed to know about just where we are as a country.

There is literally nothing stopping the government from shutting down banks, confiscating accounts, enacting wage and price controls, etc...
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By 1Andy2:
Originally Posted By dsg2003gt:
Originally Posted By pighelmet:
Did the original bondholders get paid back?

You know, from the original company that was called, uhm....GM?



No - that would be unfair. They made a bad investment. Capital markets and all...



That "deal" told me all I needed to know about just where we are as a country.

There is literally nothing stopping the government from shutting down banks, confiscating accounts, enacting wage and price controls, etc...


Im happy you seem to have gotten the jib of my jab.
Link Posted: 12/9/2013 2:59:55 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
View Quote


If that's how you truly feel, you sure as FUCK need to change your location and your avatar. Spits in the face of both.
Link Posted: 12/9/2013 3:16:34 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By JonnyVain:
This here is exactly what is wrong with this country. Everyone's okay with anything that goes on as long as it benefits them.

"Fuck you it's good for me. Sorry."
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By JonnyVain:
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
This here is exactly what is wrong with this country. Everyone's okay with anything that goes on as long as it benefits them.

"Fuck you it's good for me. Sorry."


Exactly what the fuck should I have done?
Link Posted: 12/9/2013 3:19:34 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Burnsy87:


If that's how you truly feel, you sure as FUCK need to change your location and your avatar. Spits in the face of both.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Burnsy87:
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.


If that's how you truly feel, you sure as FUCK need to change your location and your avatar. Spits in the face of both.


+1
Hard to claim libertarian when you support a massively socialist and illegal action by the government.
Link Posted: 12/9/2013 3:21:51 PM EST
if I ever get a truck, it's going to be a Nissan Titan
Link Posted: 12/9/2013 3:23:48 PM EST
[Last Edit: 12/9/2013 3:24:00 PM EST by Thedude27]
Yea I'm way up on my house too, I told my creditors to go fuck themselves I'm not paying them...and I still kept the house. I made out like a bandit.
Link Posted: 12/9/2013 3:25:05 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:


Exactly what the fuck should I have done?
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:
Originally Posted By JonnyVain:
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
This here is exactly what is wrong with this country. Everyone's okay with anything that goes on as long as it benefits them.

"Fuck you it's good for me. Sorry."


Exactly what the fuck should I have done?

For starters recognize what was wrong with it, and try not to gloat.
Link Posted: 12/9/2013 3:25:21 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
View Quote



I disagree. I know 30 + people personally (immediate family) who won't be providing money for GM. I ridicule anyone who drives a GM publicly and loudly. GM is is a joke. Your dealership, well, that makes them a joke, too. The .gov and GM stole from shareholders.
Link Posted: 12/9/2013 3:25:46 PM EST
Enjoy your Chevys and GMCs fuckers. You're welcome.
Yours truly
Ford owners
Link Posted: 12/9/2013 3:27:10 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By swingset:

For starters recognize what was wrong with it, and try not to gloat.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By swingset:
Originally Posted By Element94:
Originally Posted By JonnyVain:
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
This here is exactly what is wrong with this country. Everyone's okay with anything that goes on as long as it benefits them.

"Fuck you it's good for me. Sorry."


Exactly what the fuck should I have done?

For starters recognize what was wrong with it, and try not to gloat.


Who is gloating?
Link Posted: 12/9/2013 3:27:15 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:


Exactly what the fuck should I have done?
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:
Originally Posted By JonnyVain:
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
This here is exactly what is wrong with this country. Everyone's okay with anything that goes on as long as it benefits them.

"Fuck you it's good for me. Sorry."


Exactly what the fuck should I have done?



Had some self respect?

Change your avatar.
Link Posted: 12/9/2013 3:28:18 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
View Quote


This is why the once proud USA is the laughingstock of the world. "Boo big government, except the part that puts other people's money in MY pocket..."

It won't change until blood runs knee deep in the streets.
Link Posted: 12/9/2013 3:29:32 PM EST
[Last Edit: 12/9/2013 3:30:19 PM EST by Badseed]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Burnsy87:


If that's how you truly feel, you sure as FUCK need to change your location and your avatar. Spits in the face of both.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Burnsy87:
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.


If that's how you truly feel, you sure as FUCK need to change your location and your avatar. Spits in the face of both.


I bet he posts in FSA threads, about how greedy and selfish they are, as well.

Ptooey!
Link Posted: 12/9/2013 3:32:31 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By humanitarian2112:



Had some self respect?

Change your avatar.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By humanitarian2112:
Originally Posted By Element94:
Originally Posted By JonnyVain:
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
This here is exactly what is wrong with this country. Everyone's okay with anything that goes on as long as it benefits them.

"Fuck you it's good for me. Sorry."


Exactly what the fuck should I have done?



Had some self respect?

Change your avatar.


Not a chance.
Link Posted: 12/9/2013 3:42:57 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:


Not a chance.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:
Originally Posted By humanitarian2112:
Originally Posted By Element94:
Originally Posted By JonnyVain:
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
This here is exactly what is wrong with this country. Everyone's okay with anything that goes on as long as it benefits them.

"Fuck you it's good for me. Sorry."


Exactly what the fuck should I have done?



Had some self respect?

Change your avatar.


Not a chance.



So self respect was not an option. Duly noted.
Link Posted: 12/9/2013 3:47:33 PM EST
[Last Edit: 12/9/2013 3:49:54 PM EST by Element94]


humanitarian2112-

Changing a silly avatar has nothing to do with self respect. You may be taking this website a little too seriously. My question still stands.
Link Posted: 12/9/2013 3:50:14 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:
Changing a silly avatar has nothing to do with self respect. You may be taking this website a little too seriously. My question still stands.
View Quote



You asked, "Exactly what the fuck should I have done?"

I replied, "Had some self respect?"

You replied, "Not a chance."

What did I miss?
Link Posted: 12/9/2013 3:57:57 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By humanitarian2112:
You asked, "Exactly what the fuck should I have done?"
I replied, "Had some self respect?"
You replied, "Not a chance."
What did I miss?
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By humanitarian2112:
Originally Posted By Element94:
Changing a silly avatar has nothing to do with self respect. You may be taking this website a little too seriously. My question still stands.
You asked, "Exactly what the fuck should I have done?"
I replied, "Had some self respect?"
You replied, "Not a chance."
What did I miss?
Link Posted: 12/9/2013 4:02:04 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By humanitarian2112:

SNIP

So self respect was not an option. Duly noted.
View Quote



Check out his sig line for even more irony.
Link Posted: 12/9/2013 4:03:29 PM EST
and we should believe what they say because...?
Link Posted: 12/9/2013 4:03:32 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.
View Quote


Great comment. The 'Somalia' flag next to it is the perfect touch.
Link Posted: 12/9/2013 4:03:42 PM EST
Originally Posted By Chuy123:


“The President’s leadership in responding to the financial crisis helped stabilize the auto industry, and prevent another Great Depression. With the final sale of GM stock, this important chapter in our nation’s history is now closed,” said Treasury Secretary Jacob J. Lew. “The President understood that inaction could have cost the broader economy more than one million jobs, billions in lost personal savings, and significantly reduced economic production. As a result of his efforts, which built on those of the previous Administration, more than 370,000 new auto jobs have been created, and all three U.S. automakers are profitable, competitive, and growing.
View Quote


Good Lord! Why do I keep envisioning a North Korean General reading this proclamation?

The truth is dead in this country.

TC
Link Posted: 12/9/2013 4:04:52 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Hatemachine:


+1
Hard to claim libertarian when you support a massively socialist and illegal action by the government.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Hatemachine:
Originally Posted By Burnsy87:
Originally Posted By Element94:
20 + year GM dealer employee here. I say Uncle Sugar has spent a hell of a lot more on a hell of a lot worse. Sorry.


If that's how you truly feel, you sure as FUCK need to change your location and your avatar. Spits in the face of both.


+1
Hard to claim libertarian when you support a massively socialist and illegal action by the government.


Maybe he's pro-gay marriage and pro-abortion?
Link Posted: 12/9/2013 4:06:06 PM EST
[Last Edit: 12/9/2013 4:07:56 PM EST by sswfnhtu520]
It could sell more shares initially to bring down taxpayer exposure to 33 percent, depending on whether an overallotment option is exercised.http://goo.gl/Z3g1EF
Arrow Left Previous Page
Page / 6
Top Top