Government Motors:Thanks- a- Billions

[redfish64]

Just to think about it, all those billions in tax payer dollars down the toilet. The sad part about it, is even with bankruptcy, we still have the same people in power that got us into this mess at GM. The only thing that has changed at GM, is the CEO.

Lets forget about the past, lets make some cars and get GM going again. OK, what kind of car are we going to make? What do you mean we don't have any idea of what fuel source the government wants? Obama supports wind and solar so lets make a car. We can't run a car on wind and solar? Well, what kind of car will we make? Can someone go ask our new President of GM, Obama, what kind of fuel this country is going to?:clap:

[Vaard]

down the toilet? i keep hearing that we own GM.......

[Henry Alden]

down the toilet? i keep hearing that we own GM.......


I'm not paying any extra tax..Obama admits the government is broke..so China now owns General Motors..

[Kook]

He lays out how the new company will be run, then says he has nothing to do with running it. Liar. Talks out of both sides of his mouth. The media says nothing about it. They kiss his azz.

Rush says that big media is next. I think he's right... then Obama can control the airwaves.

http://www.youtube.com/watch?v=__mbZHnsaEk

[redfish64]

down the toilet? i keep hearing that we own GM.......

do you really believe that? Do you think the govenment will be sending out proxy votes in the mail? We just threw billions down the drain for to avoid something that should have happened to begin with. The sad fact is, that the reason GM got into debt, the unions, are still there.

[JudasGoat]

a collossal mountain of crap.

hope and change hurrah....

[JudasGoat]

do you really believe that? Do you think the govenment will be sending out proxy votes in the mail? We just threw billions down the drain for to avoid something that should have happened to begin with. The sad fact is, that the reason GM got into debt, the unions, are still there.

and they just got a nice fat check courtesy of john q taxpayer.

[redfish64]

a collossal mountain of crap.

hope and change hurrah....

I started using this on the road. When I stop at a store or whatever and someone is complaining about money or paying for something, I have been shouting out, "Hey, hows that hope and change working for ya". They had a guy in front of me the other day complaining about the price of cigerettes and I yelled out," hows that hope and change working for ya". I got some laughs in line.

[redfish64]

it's going to be thanks-a-trillion soon

it already is. I don't know if you are aware but the Obama debt is now over 11 trillion. For some reason you don't have a lot of that in the media.

[coolidge]

do you really believe that? Do you think the govenment will be sending out proxy votes in the mail? We just threw billions down the drain for to avoid something that should have happened to begin with. The sad fact is, that the reason GM got into debt, the unions, are still there.
Unions are in control and I heard Obama say that now bankruptcy was the way to go. I am sorry, after spending billions down the drain and now he says bankruptcy is a way to go. I am not so sure that GM is facing a bankruptcy rather a restructuring allowing unions to rewrite their contracts. After this is all said and done who is to say that anyone would want GM or Chrysler's products.

[muhadeeb99]

Will there be a possible deep discount on automobiles Made by GM? Maybe a 10-20% discount.

[jprin]

Will there be a possible deep discount on automobiles Made by GM? Maybe a 10-20% discount.

Possible, but unlikely. The vehicles on the lots and in the pipeline allready exist on the books at a certain cost. With GM on life support, it would be hard to recover financially by selling product at a loss.

[muhadeeb99]

Well there goes another wilted flower in Obama's cap for re-election hopes.

[Gengar]

So, we were told the auto companies (GM/Chrysler) needed more than 3/4 of a billion dollars to save them... yet, here they go, filing for bankruptcy.

Can I get my $ back?

[pattyk]

and I just got a letter saying my mortgage (recently refi'd) was sold to GMAC.

I now make my payments to a company that is under the control of Obama. GMAC took a lot of money so they owe him allegience.

[RedStatePaPa]

How anyone can be happy with this is beyond me.

[RedStatePaPa]

So, we were told the auto companies (GM/Chrysler) needed more than 3/4 of a billion dollars to save them... yet, here they go, filing for bankruptcy.

Can I get my $ back?

Sorry, no soup for you.

[coolidge]

and I just got a letter saying my mortgage (recently refi'd) was sold to GMAC.

I now make my payments to a company that is under the control of Obama. GMAC took a lot of money so they owe him allegience.
you need to write them a letter and ask to have what you paid towards the bailout deducted from your mortgage.

[deportalllibs]

How anyone can be happy with this is beyond me.

Obama's worshipers continue to believe he is a deity, soon we'll all sit around in a garden of eden doing nothing all day in total harmony with the planet.

[RTchoke]

I started using this on the road. When I stop at a store or whatever and someone is complaining about money or paying for something, I have been shouting out, "Hey, hows that hope and change working for ya". They had a guy in front of me the other day complaining about the price of cigerettes and I yelled out," hows that hope and change working for ya". I got some laughs in line.

Hopey, changey. :dance:

You need one of these.

http://www.zazzle.com/hopey_changey_thing_bumper_sticker-128541950060390779

:))

[ConnieB]

Unions are in control and I heard Obama say that now bankruptcy was the way to go. I am sorry, after spending billions down the drain and now he says bankruptcy is a way to go. I am not so sure that GM is facing a bankruptcy rather a restructuring allowing unions to rewrite their contracts. After this is all said and done who is to say that anyone would want GM or Chrysler's products.
My husband and I decided since the government will probably own 70% of GM that we are finished buying GM products because we already give enough of our money to the government, and they don't need any more. So my next car will probably be a Toyota or Ford. The sad thing is we have never bought anything except Chevy's for the past 20 years.....how times change!!!!!!

[Dim Reefer]

How anyone can be happy with this is beyond me.

Michael Fat Ass Moore is happy: http://www.michaelmoore.com/words/message/index.php?id=248

Savage is right on one thing - liberalism is a **** mental disorder.

[muhadeeb99]

Possible, but unlikely. The vehicles on the lots and in the pipeline allready exist on the books at a certain cost. With GM on life support, it would be hard to recover financially by selling product at a loss.
I would expect a steep incline in future sales of enviro friendly vehicles with a large amount of requests for bigger than mini vehicles.

[Gengar]

I loved Obama's little spin in front of the camera today. "Inherited from the previous administration blah blah blah blah not my fault yadda yadda yadda"...

These companies were facing a crisis decades in the making, and having relied on loans from the previous administration, were asking for more.

Revisionist history, yet again... let's go back to Nov. 11, 2008:

http://www.washingtonpost.com/wp-dyn/content/article/2008/11/10/AR2008111003267.html

President-elect Barack Obama yesterday urged President Bush to support immediate aid for struggling automakers and back a new stimulus package, even as congressional Democrats began drafting legislation to give the Detroit automakers quick access to $25 billion by adding them to the Treasury Department’s $700 billion economic rescue program.

Bush, speaking privately to Obama during their first Oval Office meeting, repeated his administration’s stand that he might support quick action on those bills if Democratic leaders drop their opposition to a Colombia trade agreement that Bush supports, according to people familiar with the discussions…

Congress could consider the auto measure as soon as next week, when lawmakers are scheduled to return to Washington. Yesterday, in an urgent bipartisan appeal, all 15 House members and both senators from Michigan sent a letter asking the Bush administration to include the auto industry in the Treasury program on its own initiative or to work with Congress to modify the program.

[muhadeeb99]

Where are the incentives to sell Government backed automobiles?

[coolidge]

My husband and I decided since the government will probably own 70% of GM that we are finished buying GM products because we already give enough of our money to the government, and they don't need any more. So my next car will probably be a Toyota or Ford. The sad thing is we have never bought anything except Chevy's for the past 20 years.....how times change!!!!!!
I understand, one of my vehicles have always been a GM product. That is up until now.

[Debbie Shafer]

My husband and I decided since the government will probably own 70% of GM that we are finished buying GM products because we already give enough of our money to the government, and they don't need any more. So my next car will probably be a Toyota or Ford. The sad thing is we have never bought anything except Chevy's for the past 20 years.....how times change!!!!!!
How many more companies face the same desolate outlook of being taken over by this administration? The once proud, and quality automaker has made a big mistake in allowing government to stick its nose in company-union business. They never should have taken bailouts, and they managed poorly. I think many people will now say goodbye to GM because it is government owned and dominated!

We want nothing to do with the new government who overpowered the will of its people. These cars will be small, unsafe, and cost more in higher insurance premiums.

[muhadeeb99]

I loved Obama's little spin in front of the camera today. "Inherited from the previous administration blah blah blah blah not my fault yadda yadda yadda"...



Revisionist history, yet again... let's go back to Nov. 11, 2008:

http://www.washingtonpost.com/wp-dyn/content/article/2008/11/10/AR2008111003267.html


I would love to have a future Republican candidate use "Inherited from the previous administration " as a dig when he(Obama) condoned and supported the bailout. Obama did not let well enough alone as far as the Auto companies. I guess he wasn't thinking then, he was reading his teleprompter which wasn't programed for that.

[bloods vs crips]

it already is. I don't know if you are aware but the Obama debt is now over 11 trillion. For some reason you don't have a lot of that in the media.

link?

[monkeymom]

Ok, I need some assistance from members here who know more than me about this - I listened to Obama's speech about the GM bankruptcy this morning and it really struck me that he managed to bring up that the Bush administration gave GM money, but never got around to mentioning money that has gone to GM since Obama took the reins. Did GM not get several billion more $$ in bailout money since Obama took office?

[muhadeeb99]

How many more companies face the same desolate outlook of being taken over by this administration? The once proud, and quality automaker has made a big mistake in allowing government to stick its nose in company-union business. They never should have taken bailouts, and they managed poorly. I think many people will now say goodbye to GM because it is government owned and dominated!

We want nothing to do with the new government who overpowered the will of its people. These cars will be small, unsafe, and cost more in higher insurance premiums.

Will the Government subsidize car insurance? Will it be the same cost or will it be cheap? This may hinge on the viability of his re-election. Love to hear slogans for all this to come.

"Buy Obama approved Autos- Re-elect Obama"
"Elect Obama--He will fix you flat"
"Need a Tow for your Car--Re-Elect Obama"
:))

[coolidge]

Ok, I need some assistance from members here who know more than me about this - I listened to Obama's speech about the GM bankruptcy this morning and it really struck me that he managed to bring up that the Bush administration gave GM money, but never got around to mentioning money that has gone to GM since Obama took the reins. Did GM not get several billion more $$ in bailout money since Obama took office?
You are right. Back in March, he gave out another 30 billion or more, GM was trying to re negotiate their debt along with union contracts. He stated then that if he had not taken action that bankruptcy was likely.

[redfish64]

link?

http://zfacts.com/p/318.html
http://zfacts.com/p/461.html

[redfish64]

http://www.youtube.com/watch?v=BzQabWBVTg0&videos=DpmYdSnPLyY

Lets just say that most of us had the money these days to purchase a car. What makes anyone think that most people would buy a car from a government and union run auto company? No one seems to be looking over the horizon. We are broke as a country, we have no way to pay for the trillions of dollars in spending the dems and Obama are on. Like Rick Santourm said the other day, he doesn't know what the stock market is smoking or what they see in the future as being so bright, but we all see a lot of debt. I mean the stock market went up over 200 pt today, on a day when GM is kicked out the stock market and the price of oil is nearing 70 dollars a gallon with people out of work and losing homes. Do you see a rosie sanario in there?

[ConnieB]

Will the Government subsidize car insurance? Will it be the same cost or will it be cheap? This may hinge on the viability of his re-election. Love to hear slogans for all this to come.

"Buy Obama approved Autos- Re-elect Obama"
"Elect Obama--He will fix you flat"
"Need a Tow for your Car--Re-Elect Obama"
:)):)):shifty::)):lol:

[bloods vs crips]

http://zfacts.com/p/318.html
http://zfacts.com/p/461.html

did you mean to say that our national debt is over $11 trillion? Or that Obama has added $11 trillion to the national debt. I've heard ridiuculous claims by "conservatives" since the election, so it's hard to distinguish between the two.

[bigtwnvin]

Will there be a possible deep discount on automobiles Made by GM? Maybe a 10-20% discount.
Well, my company had about $300k in invoices out to a large chemical company that was in the throes of a huge asbestos class action law suit. When the chemical company filed for protection, the lawyers were offering $0.40 on the dollar to clear their debts. If GM does that with the fleet of vehicles out there, I'm going to buy a Corvette with the biggest engine and a six speed transmission and I don't even like GM cars!!!!

[asda1]

Buying a GM car is abandoning your free market principles

If you hold true the values that made this country great, just say no to government motors.

Real Americans don't buy GM.

[Nevarwinter]

I won't be buying GM or Chrysler again. Sorry, lefties.

The most amazing part is that as part of this deal, GM cannot import the matchbox cars they make over-seas to sell here. Why? To protect the Unions, of course.

Didn't leftists suffer a bit of apoplexy when Reagan did a little protectionism for Harley Davidson? It's okay now, I guess.

[asda1]

Obameter Dashboard unveiled.

Click link for full view

http://4.bp.blogspot.com/_9ANsdeDr0I8/SdohQrUpgjI/AAAAAAAAABQ/wjoABOUeKFw/s1600-h/obameter.jpg
http://2.bp.blogspot.com/_9ANsdeDr0I8/Sdoex_BSjWI/AAAAAAAAAAw/KtfMLtY116g/s400/obameter_sm.jpg

[redfish64]

did you mean to say that our national debt is over $11 trillion? Or that Obama has added $11 trillion to the national debt. I've heard ridiuculous claims by "conservatives" since the election, so it's hard to distinguish between the two.

Look I know what you are getting at, that Obama inheriated this. Well, most intelligent people know that is not true. First let me clear this up, I think both sides suck, republican and democrat. Now, the democrats have been in charge of Congress since O6, and if you remember right they did not want to even pass the budget while Bush was there, they wanted to wait for Obama. So as much as they say they inherited, the truth is, they did it to themselves. We can sit here all day and point fingers, at who started this mess in the housing market, but I can say this, there are more democratic fingerprints on it than anyone else. Freddie mac, Fannie mae, Acorn, Dodd and Barney Frank will all have to answer for this one day.

So to your point, no Obama didn't cause the 11 trillion, but he has sure brought it there. He has created more debt than all of our Presidents combined, and in just under a hundred days. The sad part is, they plan on spending more, if you can believe that. Even after Obama himself said we don't have the money. The fact is, we are printing money at a rate never ever seen before in our history, with no way to pay for it. I really don't see a victory in 2010 or 2012 for democrats, unless the republicans continue to follow moderates into the ditch.

[bigtwnvin]

Buying a GM car is abandoning your free market principles

If you hold true the values that made this country great, just say no to government motors.

Real Americans don't buy GM.
Real Americans buy Ford and only Ford, the last American Car Manufacturer!!

[redfish64]

I can just hear the jokes now.:rolleyes:

1. she must be on food stamps shes driving a Government motors car.

2. how many people does it take to start a government motors car. 2- one to cut the vegetables and one to put them in.

3. FRAGILE DO NOT PARK

4. YOU COULD HAVE HAD A FORD

5. I always wanted a car like the mailman.

6. the first model will be called "hope and change"

[sivey]

Look I know what you are getting at, that Obama inheriated this. Well, most intelligent people know that is not true. First let me clear this up, I think both sides suck, republican and democrat. Now, the democrats have been in charge of Congress since O6, and if you remember right they did not want to even pass the budget while Bush was there, they wanted to wait for Obama. So as much as they say they inherited, the truth is, they did it to themselves. We can sit here all day and point fingers, at who started this mess in the housing market, but I can say this, there are more democratic fingerprints on it than anyone else. Freddie mac, Fannie mae, Acorn, Dodd and Barney Frank will all have to answer for this one day.

So to your point, no Obama didn't cause the 11 trillion, but he has sure brought it there. He has created more debt than all of our Presidents combined, and in just under a hundred days. The sad part is, they plan on spending more, if you can believe that. Even after Obama himself said we don't have the money. The fact is, we are printing money at a rate never ever seen before in our history, with no way to pay for it. I really don't see a victory in 2010 or 2012 for democrats, unless the republicans continue to follow moderates into the ditch.
...and now added to their mess GM!

In business, a debt to equity ratio of 2:1 (as carried by GM) in any culture, system of democracy or society (whether it be capitalist, socialist or a hibrid of...) is a failure. Why our trusted government sank so many billions into what was an inevitability is beyond me. However, it all makes sense after all.

The only winner here is the unions, a position they would not have been able to achieve had bankruptcy been excercised when it should have 6 or more months ago. Our government has failed us, have been dishonest and surely has set our path to peril as we know the Mighty USA to be...

[mrsc696]

All for 65,000.00 union votes!

[cbc]

Obama's worshipers continue to believe he is a deity, soon we'll all sit around in a garden of eden doing nothing all day in total harmony with the planet.

Yup.... when Unemployment hits 30%.

[cbc]

I can just hear the jokes now.:rolleyes:

1. she must be on food stamps shes driving a Government motors car.

2. how many people does it take to start a government motors car. 2- one to cut the vegetables and one to put them in.

3. FRAGILE DO NOT PARK

4. YOU COULD HAVE HAD A FORD

5. I always wanted a car like the mailman.

6. the first model will be called "hope and change"

http://i93.photobucket.com/albums/l73/custombycrunch/Capture-3.jpg

[asda1]

I made a new logo for GM

http://img51.imageshack.us/img51/3223/87176839.jpg

[asda1]

All for 65,000.00 union votes!

3 of which didn't already vote for dems.

[pennysworth56]

Ok, I need some assistance from members here who know more than me about this - I listened to Obama's speech about the GM bankruptcy this morning and it really struck me that he managed to bring up that the Bush administration gave GM money, but never got around to mentioning money that has gone to GM since Obama took the reins. Did GM not get several billion more $$ in bailout money since Obama took office?

Was listening to fox news with Shepard Smith and they reported that gm just 15b which is half of the 30b they are going to get from going into bankruptcy.
link to article here (http://portal.tds.net/news/read.php?rip_id=%3CD98I08B80%40news.ap.org%3E&ps=1018&_LT=HOME_LARSDCCL1_UNEWS)
penny

[pennysworth56]

I can just hear the jokes now.:rolleyes:

1. she must be on food stamps shes driving a Government motors car.

2. how many people does it take to start a government motors car. 2- one to cut the vegetables and one to put them in.

3. FRAGILE DO NOT PARK

4. YOU COULD HAVE HAD A FORD

5. I always wanted a car like the mailman.

6. the first model will be called "hope and change"

roflmao :)):))