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#3008829 - 10/31/12 08:58 AM Re: The Chrysler Bailout worked... [Re: citico_tim]
Pic IN the Casa
14 Point


Registered: 03/18/11
Posts: 8920
Loc: TN

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 Originally Posted By: citico_tim


EXACTLY!
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#3009490 - 10/31/12 03:26 PM Re: The Chrysler Bailout worked... [Re: Pic IN the Casa]
Wildcat
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Registered: 06/10/00
Posts: 41309
Loc: Western Ky.

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GM stock went up today on the news that they are going to lay off 2,500 people.
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#3009496 - 10/31/12 03:29 PM Re: The Chrysler Bailout worked... [Re: Wildcat]
Tony(D)
4 Point


Registered: 07/08/12
Posts: 316
Loc: TN

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It's called "business." It happens all the time. I think they call it reorganization, LOL. Either way it looks GREAT to the shareholders which, from what I have heard here, is what matters in the end.
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#3009499 - 10/31/12 03:32 PM Re: The Chrysler Bailout worked... [Re: Tony(D)]
Wildcat
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Registered: 06/10/00
Posts: 41309
Loc: Western Ky.

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Gm still has NOT paid back the govt.

They HAVE to DOUBLE their stock just to break even. THAT is bad business.
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#3009510 - 10/31/12 03:39 PM Re: The Chrysler Bailout worked... [Re: Wildcat]
citico_tim
10 Point


Registered: 10/02/02
Posts: 4563
Loc: Knoxville, TN, USA

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Christie was already softening up to Obama last week when he offered to buy his ticket back to Chicago. But why praise Obama?


"But the truth about Christie’s outreach to Obama is blindingly obvious: Mitt Romney is now running away with this election, freeing Christie to praise the president without fear that doing so will tip the scales."
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#3009532 - 10/31/12 03:55 PM Re: The Chrysler Bailout worked... [Re: Tony(D)]
youngandfree
6 Point


Registered: 09/26/12
Posts: 650
Loc: Greene County, Tn.

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 Originally Posted By: Tony(D)
It's called "business." It happens all the time. I think they call it reorganization, LOL. Either way it looks GREAT to the shareholders which, from what I have heard here, is what matters in the end.


Obama STOLE stock from Gm and , if I am not wrong, gave the majority of the shares to the very reason that GM was near bankruptcy...THE UNIONS.
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#3009557 - 10/31/12 04:16 PM Re: The Chrysler Bailout worked... [Re: youngandfree]
Hangnail
12 Point


Registered: 11/30/00
Posts: 7064
Loc: Murfreesboro, TN

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Taxpayers own 500 million shares of GM. GM stock value will have to more than double for taxpayers TO BREAK EVEN, all this while
GM may fail anyway. Chrysler may be moved overseas, making Chrysler vehicles imports. The UAW was given, yes given, tens of billions to shore up their retirement coffers and given the right to opt out of Obamacare, which is supposed to be a magnificent healthcare institution for the masses. 2000 car dealerships were forced to close by obama, some having been in operation for 80 years. Profitability had nothing to do with which ones got closed as it was as political as election day.

Yep. The auto bailout worked great.

If you want to be taken seriously, please get your information from somewhere other than liberal sources.

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#3009568 - 10/31/12 04:25 PM Re: The Chrysler Bailout worked... [Re: Hangnail]
Vermin93
10 Point


Registered: 12/11/10
Posts: 4656
Loc: Dallas, TX & Signal Mtn, TN

shocked Online
The GM and Chrysler bailouts happened because of unions. It was another case of Democrat crony capitalism, pure and simple. Obama bailed his supporters out. Wow, that's awesome.
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#3009677 - 10/31/12 06:29 PM Re: The Chrysler Bailout worked... [Re: Tony(D)]
Greg .
aPoStROpHe PolIcE
16 Point


Registered: 08/24/04
Posts: 11107
Loc: NC Piedmonts

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 Originally Posted By: Tony(D)
It's called "business." It happens all the time. I think they call it reorganization, LOL. Either way it looks GREAT to the shareholders which, from what I have heard here, is what matters in the end.


yEAh .. sCReW thE SHaREHolDErS ...
tHEy JusT OwN tHE bUsInEsS !!!!!

wE aLl Kn0W thaT tHE whOlE REaSOn
a pERsOn STaRTS a BuSIneSs iS t0
eMpLOy PeOple .. nOt tO tURn a
PrOFiT!! pROfItS aRe EVIl!!
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#3009711 - 10/31/12 06:59 PM Re: The Chrysler Bailout worked... [Re: Tony(D)]
Camp David
12 Point


Registered: 05/31/03
Posts: 5280
Loc: TN

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 Originally Posted By: Tony(D)
It's called "business." It happens all the time. I think they call it reorganization, LOL. Either way it looks GREAT to the shareholders which, from what I have heard here, is what matters in the end.


This statement represents how little you know about the bailout. What was so "GREAT" for GM shareholders? How is this going to look to the Chrysler workers who lose their jobs to Italy? That will happen.

Reorganization goes on all the time, but not necessarily after a bailout. It is commonly done to prevent bankruptcy, usually directly related to a union labor force.

You have no idea of the meaning of "business." Remind us again of how much GM stock you bought after the bailout.

Quack, quack.
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