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Getbig Main Boards => Politics and Political Issues Board => Topic started by: 240 is Back on March 30, 2009, 10:18:01 AM

Title: General Motors lost $82 BILLION dollars under Wagoner.
Post by: 240 is Back on March 30, 2009, 10:18:01 AM
From 2005-2008.

2005: $10 Billion lost
2006: $2 Billion lost
2007: $38.7 Billion lost
2008: $31 Billion lost

Yet some people on getbig are crying for this CEO.  Why?
Title: Re: General Motors lost $82 BILLION dollars under Wagoner.
Post by: BM OUT on March 31, 2009, 01:17:24 PM
Quote from: 240 is Back on March 30, 2009, 10:18:01 AM
From 2005-2008.

2005: $10 Billion lost
2006: $2 Billion lost
2007: $38.7 Billion lost
2008: $31 Billion lost

Yet some people on getbig are crying for this CEO.  Why?

I dont think ANYONE thought he should have his job.He should have resigned months ago and the company forced into structured bankruptsy.Instead,we poured 20 billion in and we are NOW going to do what we should have done then.I think we DO care that the president can force or determine who is a CEO of a private company,determine what they can make,decide if they can own a plane etc.Thats not a good system.
Title: Re: General Motors lost $82 BILLION dollars under Wagoner.
Post by: BayGBM on March 31, 2009, 01:20:11 PM
He should have been fired 60 billion dollars ago.  ::)
Title: Re: General Motors lost $82 BILLION dollars under Wagoner.
Post by: Option D on March 31, 2009, 01:22:23 PM
Quote from: BILLY MIMNAUGH on March 31, 2009, 01:17:24 PM
I dont think ANYONE thought he should have his job.He should have resigned months ago and the company forced into structured bankruptsy.Instead,we poured 20 billion in and we are NOW going to do what we should have done then.I think we DO care that the president can force or determine who is a CEO of a private company,determine what they can make,decide if they can own a plane etc.Thats not a good system.
dude..it was racial..its because Obama is black

Grrr  Us vs them...grrr
Title: Re: General Motors lost $82 BILLION dollars under Wagoner.
Post by: Parker on March 31, 2009, 02:36:01 PM
Quote from: 240 is Back on March 30, 2009, 10:18:01 AM
From 2005-2008.

2005: $10 Billion lost
2006: $2 Billion lost
2007: $38.7 Billion lost
2008: $31 Billion lost

Yet some people on getbig are crying for this CEO.  Why?

they should have put Bob Lutz in that CEO chair..but oh, he's now retired. After turning around Cadillac and having more RWD platforms. He was also the driving force for the Chevy Volt as well.
Title: Re: General Motors lost $82 BILLION dollars under Wagoner.
Post by: Dos Equis on March 31, 2009, 03:26:50 PM
There are a lot of overpaid professional athletes on losing teams that aren't earning their salaries too. 

The issue is whether the president of the United States should be firing the CEO of a private company.  Where on earth are we headed?

And to think we actually had debates about whether Obama is a socialist or quasi-socialist.
Title: Re: General Motors lost $82 BILLION dollars under Wagoner.
Post by: 240 is Back on March 31, 2009, 05:13:09 PM
Quote from: Beach Bum on March 31, 2009, 03:26:50 PM
There are a lot of overpaid professional athletes on losing teams that aren't earning their salaries too. 

The issue is whether the president of the United States should be firing the CEO of a private company.  Where on earth are we headed?

And to think we actually had debates about whether Obama is a socialist or quasi-socialist.

he gave them 50 billion when they were about to go bankrupt.  he OWNS the freaking board at that point.  De facto, even if not de jure.

Title: Re: General Motors lost $82 BILLION dollars under Wagoner.
Post by: Dos Equis on March 31, 2009, 05:20:37 PM
Quote from: 240 is Back on March 31, 2009, 05:13:09 PM
he gave them 50 billion when they were about to go bankrupt.  he OWNS the freaking board at that point.  De facto, even if not de jure.



He gave them taxpayer money.  He doesn't own squat.  He doesn't even own the house he's currently living in.  He's not a dictator. 

This is dangerous territory.  There are many businesses that receive taxpayer money, either directly or indirectly, and we have never let that serve as an excuse for federal government control of private business.   
Title: Re: General Motors lost $82 BILLION dollars under Wagoner.
Post by: Bindare_Dundat on March 31, 2009, 05:53:29 PM
More government intervention makes everything better.
Title: Re: General Motors lost $82 BILLION dollars under Wagoner.
Post by: tonymctones on March 31, 2009, 07:27:29 PM
Quote from: Beach Bum on March 31, 2009, 05:20:37 PM
He gave them taxpayer money.  He doesn't own squat.  He doesn't even own the house he's currently living in.  He's not a dictator. 

This is dangerous territory.  There are many businesses that receive taxpayer money, either directly or indirectly, and we have never let serve as an excuse for federal government control of private business.   
^this^

Quote from: Bindare_Dundat on March 31, 2009, 05:53:29 PM
More government intervention makes everything better.
lol no doubt hahah i like your avatar
Title: Re: General Motors lost $82 BILLION dollars under Wagoner.
Post by: Bindare_Dundat on March 31, 2009, 08:35:04 PM
Quote from: 240 is Back on March 31, 2009, 05:13:09 PM
he gave them 50 billion when they were about to go bankrupt.  he OWNS the freaking board at that point.  De facto, even if not de jure.



Looks like Ford is going to be competing against the government. Is that fair 240?