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Author Topic: Bulk of GM Assets shift to the GOVERNMENT!!!!  (Read 809 times)

tonymctones

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Bulk of GM Assets shift to the GOVERNMENT!!!!
« on: July 10, 2009, 07:24:11 AM »
http://news.yahoo.com/s/ap/20090710/ap_on_bi_ge/us_gm_bankruptcy

LOL hey GM is out of bankruptcy well kinda they pretty much just shit on us the tax payer is all....


CEO Fritz Henderson said Friday as a leaner version of the automaker emerged from bankruptcy protection.

The bulk of General Motors Corp.'s assets were transferred to a company controlled by the U.S. government.

Once the world's largest and most powerful automaker, new GM is now cleansed of massive debt and burdensome contracts that would have sunk it without federal loans.
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240 is Back

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Re: Bulf of GM Assets shift to the GOVERNMENT!!!!
« Reply #1 on: July 10, 2009, 07:25:06 AM »
What will you guys spend your GM shareholders check on?
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tonymctones

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Re: Bulf of GM Assets shift to the GOVERNMENT!!!!
« Reply #2 on: July 10, 2009, 07:26:55 AM »
Quote from: 240 is Back on July 10, 2009, 07:25:06 AM
What will you guys spend your GM shareholders check on?
LOL i want a new camaro
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Soul Crusher

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Re: Bulf of GM Assets shift to the GOVERNMENT!!!!
« Reply #3 on: July 10, 2009, 07:27:11 AM »
Quote from: 240 is Back on July 10, 2009, 07:25:06 AM
What will you guys spend your GM shareholders check on?

All you are going to get is higher taxes because no one is going to buy these Obamavilles.  

What a sad freaking joke.    
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240 is Back

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Re: Bulk of GM Assets shift to the GOVERNMENT!!!!
« Reply #4 on: July 10, 2009, 07:31:37 AM »
Quote from: tonymctones on July 10, 2009, 07:26:55 AM
LOL i want a new camaro

you got it buddy.  Checks start arriving in about 80 years.
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Soul Crusher

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Re: Bulk of GM Assets shift to the GOVERNMENT!!!!
« Reply #5 on: July 10, 2009, 07:35:11 AM »
Quote from: 240 is Back on July 10, 2009, 07:31:37 AM
you got it buddy.  Checks start arriving in about 80 years.

How is that Stimulus Bill working out for you????

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240 is Back

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Re: Bulk of GM Assets shift to the GOVERNMENT!!!!
« Reply #6 on: July 10, 2009, 07:43:18 AM »
Quote from: 333386 on July 10, 2009, 07:35:11 AM
How is that Stimulus Bill working out for you????

I'm waiting the full 18 months to make an assessment.  After all, I think it was 2004 that Bush declared a win in Iraq.  ended up being 5 years later on Obama's watch that we finally got out of the cities.
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Soul Crusher

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Re: Bulk of GM Assets shift to the GOVERNMENT!!!!
« Reply #7 on: July 10, 2009, 07:49:46 AM »
Quote from: 240 is Back on July 10, 2009, 07:43:18 AM
I'm waiting the full 18 months to make an assessment.  After all, I think it was 2004 that Bush declared a win in Iraq.  ended up being 5 years later on Obama's watch that we finally got out of the cities.

More spin. 

You do realize that it is almost impossible under any scenario for the stimulus to perfom as billed right?   
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tonymctones

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Re: Bulk of GM Assets shift to the GOVERNMENT!!!!
« Reply #8 on: July 10, 2009, 07:51:32 AM »
Quote from: 333386 on July 10, 2009, 07:49:46 AM
More spin. 

You do realize that it is almost impossible under any scenario for the stimulus to perfom as billed right?   
dont worry at 18 months 240 will say wait another 6 lets give it a even 2 years and so on and so forth...
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240 is Back

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Re: Bulk of GM Assets shift to the GOVERNMENT!!!!
« Reply #9 on: July 10, 2009, 07:51:55 AM »
Quote from: 333386 on July 10, 2009, 07:49:46 AM
More spin. 

You do realize that it is almost impossible under any scenario for the stimulus to perfom as billed right?   

hey, in 18 months I'll agree with you.  That's another year-plus of shit to happen in the world and trends to reverse.

I understand the huge hole he inherited from bush.  I know it's been worse than they thought it would be.  And of course, I love guys like Schiff emerging as future economic leaders in America.

But Obama said it would tkae 18 months.  I'll give them that.  Bush got so much flak over Iraq because the whole admin said it'd be an overnight success, we'd be greeted as liberators, etc.  Then it was 8+ years of men and treasure lost.
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240 is Back

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Re: Bulk of GM Assets shift to the GOVERNMENT!!!!
« Reply #10 on: July 10, 2009, 07:53:22 AM »
Quote from: tonymctones on July 10, 2009, 07:51:32 AM
dont worry at 18 months 240 will say wait another 6 lets give it a even 2 years and so on and so forth...

Nope.  obama said 18 months.  So I'm waiting 18 months before passing judgment.

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tonymctones

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Re: Bulk of GM Assets shift to the GOVERNMENT!!!!
« Reply #11 on: July 10, 2009, 08:01:45 AM »
Quote from: 240 is Back on July 10, 2009, 07:53:22 AM
Nope.  obama said 18 months.  So I'm waiting 18 months before passing judgment.


he also said that UE wouldnt reach 10%, he also said he wouldnt raise taxes on those making less then 250k, he also said he would let us read every bill to be voted on for 3 days. he also said that he would go through the budget and spending line by line to account for every red penny...you need me to go on?
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