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 Post subject: Re: Welcome to Gub'Mint Motors
PostPosted: Wed Jun 06, 2012 6:54 pm 
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edge540 wrote:
-={ARCLIGHT}=-...?...-={ARCLIGHT}=-...?...-={ARCLIGHT}=-...?

Bueller...?...Bueller...?...Bueller...?

Dear Stupid,

It is not so much that I am for Romney, as much as I am for Anybody But Obama.

Just like this guy.


Wisconsin Man’s Obituary Request: Donations For “Whoever Is Running Against Barack Obama”
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ABO all the way.

Quote:
It doesn’t quite rise to the level of the greatest obituary of all time, but a line at the end of James Francis “Fitz” Fitzgerald Sr.’s death notice in Tuesday’s Madison State Journal is certainly out of the ordinary.

Fitz, an outspoken part-owner of the Milwaukee Bucks and the Golden State Warriors, asked for memorials in his name, in the form of support for “whoever is running against Barack Obama.”

His growing guestbook on the Janesville, Wisc. funeral home’s website contains numerous tributes to the late community business leader, but none more telling than the entry from long-time Fitzgerald family friend Robert “Garbo” Garbutt.

“To my dear friends the Fitzgerald family, thank you for sharing Mr Fitz with the rest of us,” Garbutt wrote Monday. “We can all find peace in his example and joy in our time with him. Of course I will make a donation to the Romney campaign! What a guy.”

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 Post subject: Re: Welcome to Gub'Mint Motors
PostPosted: Tue Jul 17, 2012 12:36 pm 
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Chevy Volt Makes NO Money, Costs Taxpayers Hundreds of Thousands of Dollars Per Car

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 Post subject: Re: Welcome to Gub'Mint Motors
PostPosted: Thu Jul 26, 2012 3:32 pm 
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GOV'T MOTORS stock slides to new low

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 Post subject: Re: Welcome to Gub'Mint Motors
PostPosted: Fri Jul 27, 2012 5:26 pm 
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Government Motors Stock Hits All Time Low, U.S. Taxpayers Now $42 Billion In The Hole
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Lucky us.

Quote:
Despite President Barack Obama’s stories about a resurgent GM ready to repay its bailout tab, the automaker and its former bank still owe taxpayers nearly $42 billion, according to an inspector general’s report.

GM owes $27 billion on the nearly $50 billion it received from the auto bailout and Ally Bank, the company’s lending arm, owes $14.7 billion of the $17.2 billion taxpayer-funded bailout it received.

Obama has promoted the auto bailout as a success story, highlighting the manufacturing jobs it may have saved in swing states such as Ohio and Michigan.

GM’s stock has plummeted in recent months after stagnant development in overseas markets. It hit a new low on Wednesday, falling to $18.80, a 52 percent drop from its January 2011 high of $38.90.

“In order to recoup its total investment in GM, Treasury will need to recover an additional $27 billion in proceeds. This translates to an average of $53.98 per share on its remaining common shares in New GM,” the IG report concluded.

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 Post subject: Re: Welcome to Gub'Mint Motors
PostPosted: Fri Jul 27, 2012 9:31 pm 
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GM Ramps Up Risky Subprime Auto Loans To Drive Sales

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 Post subject: Re: Welcome to Gub'Mint Motors
PostPosted: Sun Jul 29, 2012 2:24 pm 
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-={ARCLIGHT}=- wrote:


but, but but...according to edge...the GM bailout was a success.

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 Post subject: Re: Welcome to Gub'Mint Motors
PostPosted: Wed Aug 01, 2012 11:54 am 
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US Taxpayers Foot Bill For "Chevy Volt-Ville"
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The irony being only 55 of the 100 Volts that GM offered to the town's residents at a steep discount were taken.

Quote:
AUSTIN, Texas — Maybe it should be renamed "Chevrolet Volt-ville." The largest concentration of Chevrolet Volts in the country will play a key role in helping Texas residents in a 700-acre planned community as they test the impact of "smart homes" and other green technology, like electronic vehicles.

GM calls it the greatest concentration of Chevrolet Volts in the world.

"This partnership provides us with a unique opportunity to observe charging details with many real customers in a concentrated setting," said Nick Pudar, an OnStar vice president, in a statement.

OnStar and General Motors have become official partners of Pecan Street Inc., the country's first nonprofit research and development consortia, where residents agreed to be part of a clean-energy smart grid test for sustainable living. The Mueller community, 3 miles outside Austin, provides a real-life lab for the automaker to observe charging patterns and how consumers and clean-energy technologies interact and support electric-vehicle charging. The project runs for five years.

While Chevrolet made 100 Volts available, only 55 of the community residents took advantage of the various tax credits, including a $7,500 federal tax credit and a $7,500 rebate from Pecan Street on their Volt purchases. Those leasing a Volt for three or more years received a $3,000 rebate.

"We're gathering information from families' vehicles throughout this community to find out the direct impact the Volt has on the grid and how to get drivers the lowest possible charging rates," said Pudar. "This project will also help us develop future capabilities of the Volt and other plug-in electric vehicles."

Pecan Street is funded by a $10.4 million grant from the Energy Department and more than $14 million in matching funds from project partners. Although Pecan Street oversees the consortia, it also includes researchers from the University of Texas, the National Renewable Energy Laboratory and the Environmental Defense Fund. It's housed in the University of Texas at Austin.

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“At the core of liberalism is the spoiled child — miserable, as all spoiled children are, unsatisfied, demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats.”
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 Post subject: Re: Welcome to Gub'Mint Motors
PostPosted: Thu Aug 02, 2012 11:33 am 
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GM PROFITS PLUNGE 41%
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 Post subject: Re: Welcome to Gub'Mint Motors
PostPosted: Thu Aug 02, 2012 1:21 pm 
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Quote:
General Motors is Imploding — and
Team Obama is Lying About It

PJ Media, by Seton Motley


Last week we cataloged how much General Motors (GM) likes firing people.

As we pointed out, 2009 was not a good year if you were a Republican-donating GM or Chrysler dealer.

(M)ultiple dealers who have been closed are found to have contributed millions to Republicans and mere hundreds to Obama….

“It became clear to us that Chrysler does not see the wisdom of terminating 25 percent of its dealers. It really wasn’t Chrysler’s decision. They are under enormous pressure from the President (Obama)’s automotive task force,” said attorney Leonard Bellavia.

The $82 billion automotive bailout was supposed to “create or save” American jobs. But this Republican hunt killed 100,000 gigs right out of the gate.

And Europe has (again) become a GM employee graveyard.

GM Heads Roll in Europe

GM intends to shed another 500 managers in Europe, adding to the 8,000 factory workers let go over the past three years as part of a massive though only modestly successful push to cut costs.

GM is serially throwing people over the side in part as a personnel bailing of the sinking ship. But it appears the Bad Ship Bailout is going down even faster than we knew – or they can address.


http://pjmedia.com/tatler/2012/08/02/ge ... -about-it/

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 Post subject: Re: Welcome to Gub'Mint Motors
PostPosted: Mon Aug 13, 2012 12:40 pm 
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Taxpayer loss on auto bailout revised upward to $25 billion

Washington -The Treasury Department says in a new report the government expects to lose more than $25 billion on the $85 billion auto bailout. That's 15 percent higher than its previous forecast.

In a monthly report sent to Congress on Friday, the Obama administration boosted its forecast of expected losses by more than $3.3 billion to almost $25.1 billion, up from $21.7 billion in the last quarterly update.

The report may still underestimate the losses. The report covers predicted losses through May 31, when GM's stock price was $22.20 a share.

On Monday, GM stock was trading down 6 cents, or 0.2 percent, to $20.49. At that price, the government would lose another $850 million on its GM bailout.

The government still holds 500 million shares of GM stock and needs to sell them for about $53 each to recover its entire $49.5 billion bailout.

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“At the core of liberalism is the spoiled child — miserable, as all spoiled children are, unsatisfied, demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats.”
P.J. O'Rourke


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 Post subject: Re: Welcome to Gub'Mint Motors
PostPosted: Thu Aug 16, 2012 10:12 am 
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edge540 wrote:
The US auto industry was saved. Over 1.5 million jobs were saved.


Quote:
GM could be heading
for bankruptcy again

Human Events, by John Hayward


President Obama loves to tout the General Motors bailout as the signature “achievement” of his presidency, even though current taxpayer losses on the deal are estimated at over $25 billion. The exact degree to which the rest of us got soaked so Obama could give GM to his union allies changes constantly as the value of the stock held by We the People fluctuates. You don’t remember being asked if you would like to become a GM stockholder and willingly accept massive losses to protect highly compensated union jobs, do you? Well, that’s the great thing about command economics. It relieves the ruling class of the tedious chores private-sector entrepreneurs face when attracting voluntary investment.

Not only does Obama portray the GM bailout as a great success, he has actually said, in public, that he wants a lot more “successes” just like it. “I said I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back,” he told an audience in Colorado last week. “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.”


BREAK

GM CEO Dan Akerson, who has mused on the record that it would be awfully nice if Obama made gas more expensive with higher taxes so GM’s electric cars would sell better

http://www.humanevents.com/2012/08/16/g ... tcy-again/


hey edge?

think we should bail them out again?

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Last edited by Moby Grape on Thu Aug 16, 2012 11:19 am, edited 1 time in total.

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 Post subject: Re: Welcome to Gub'Mint Motors
PostPosted: Thu Aug 16, 2012 10:20 am 
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Unions protest Democrats at Illinois State Fair
August 15, 2012|By Rick Pearson and Monique Garcia | Clout Street

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Michael Sarkozi (left) and other members of the American Federation of State, County and Municipal Employees, protest Illinois Gov. Pat Quinn as he addresses an audience during the Illinois State Fair at the fairgrounds in Springfield. (Armando L. Sanchez)

SPRINGFIELD — Unity proved to be an elusive commodity for Democrats at their day at the Illinois State Fair today as the party’s key organized labor support bashed Gov. Pat Quinn for his efforts to reform public employee pensions, forego pay raises and close state facilities.

The complaints from the state AFL-CIOand top public employees unions — including a rolling billboard that greeted Democrats outside their traditional county chairmen’s breakfast — symbolized the political forces surrounding a special legislative session set for Friday on pension reform.

“We are united in calling on the governor to treat employees fairly and to recognize the importance of the vital services they provide,” said Michael Carrigan, president of the stateAFL-CIO.

“We are extremely disturbed that at a time when collective bargaining rights for public employees are under attack by a number of Republican governors, here in Illinois we have a Democratic governor who is undermining fundamental collective bargaining rights for public employees,” Carrigan said.

Other union leaders simply said their members had no faith in Quinn.

Union protesters gathered around Quinn at the Pork Pavilion and hundreds marched behind him to the site of the afternoon's speeches, shouting, "Gov. Quinn, keep your word."

Quinn's arrival was greeted with loud boos and movement from protesters wearing green AFSCME shirts that read, "Pensions are a promise" and "Governor Quinn's Illinois, the new Wisconsin." They also waved signs saying, "Respect Illinois Workers" and shouted "Honor union contracts," drowning out a country singer on stage.

With the Nov. 6 election only weeks away and all 177 seats in the General Assembly up for election after the once-every-decade redrawing of political boundaries, Democrats are looking to extend their majorities in the House and Senate. But many lawmakers are fearful that a massive overhaul of the state’s pension systems — the most underfunded in the nation — would spark a union backlash.

“People from organized labor are representing their people and they ought to do that and we ought to be busy about improving the fiscal condition of the state of Illinois,” said House Speaker Michael Madigan, the powerful Southwest Side lawmaker who also chairs the state Democratic Party. “It’s just a natural conflict. It’s going to be there. I don’t think there’s any long-term adverse implications to come out of it.”

Yet Madigan also contended that any progress in the legislature on approving a comprehensive pension reform proposal depended upon Quinn and the governor’s talks with House GOP leader Tom Cross of Oswego. Cross already has rejected a limited Senate-passed plan that would alter pension funding for state workers and lawmakers and prefers a more expansive plan that includes teachers and higher education workers.

But Quinn seemed unaware that Madigan had placed the onus on the governor to try to deliver votes from Cross and minority Republicans in speaking with reporters. Expected to meet with Cross on Friday before lawmakers convene, Quinn said he was hopeful Madigan and Cross would each provide 30 votes — creating the combined 60 needed to pass legislation — on a comprehensive reform proposal.

“I think each of the leaders is waiting for the other to move forward and I hope we can, in the next couple of days, get everybody to jump in the water at the same time, hold hands and let’s go together,” Quinn said. “We cannot be running in place, playing politics before the election. We’ve got to do what’s right on policy.”

Quinn said he understood he was the target of criticism of public employee unions, but contended his efforts had the support of a vast majority of Illinois voters.

“We’re going to reform the pensions and I know some of the state workers don’t like that but they’re going to have to accept what the voters, I think, at large want,” he said.

Speaking to hundreds of Democrats gathered in Springfield for the fair, Quinn sought to rally support for candidates from home-state President Barack Obama on down the ballot in the fall. But the loquacious governor also delivered a big blooper.

“Obama’s dead and the American auto industry is alive,” Quinn said before correcting himself to say “Osama bin Laden” is dead. “Guess I won’t use that one again,” the governor said.

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“At the core of liberalism is the spoiled child — miserable, as all spoiled children are, unsatisfied, demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats.”
P.J. O'Rourke


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 Post subject: Re: Welcome to Gub'Mint Motors
PostPosted: Thu Aug 16, 2012 4:23 pm 
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edge540 wrote:
The US auto industry was saved. Over 1.5 million jobs were saved.


Quote:
General Motors Is Headed
For Bankruptcy -- Again

Forbes, by Louis Woodhill


President Obama is proud of his bailout of General Motors. That’s good, because, if he wins a second term, he is probably going to have to bail GM out again. The company is once again losing market share, and it seems unable to develop products that are truly competitive in the U.S. market.

Right now, the federal government owns 500,000,000 shares of GM, or about 26% of the company. It would need to get about $53.00/share for these to break even on the bailout, but the stock closed at only $20.21/share on Tuesday. This left the government holding $10.1 billion worth of stock, and sitting on an unrealized loss of $16.4 billion.

Right now, the government’s GM stock is worth about 39% less than it was on November 17, 2010, when the company went public at $33.00/share.


http://www.forbes.com/sites/louiswoodhi ... tcy-again/


hey edge?

think we should bail them out again?

... chickenshit.

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 Post subject: Re: Welcome to Gub'Mint Motors
PostPosted: Wed Aug 22, 2012 1:37 pm 
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edge540 wrote:
The US auto industry was saved. Over 1.5 million jobs were saved.


care to comment on this edge?


Quote:
Barone: GM goes from bad to worse despite Obama bailout
Washington Examiner, by Michael Barone


Readers with long memories may recall that Charles E. Wilson, president of General Motors and nominee for secretary of defense, got into trouble when he told a Senate committee, "What is good for the country is good for General Motors, and what's good for General Motors is good for the country."

That was in 1953, and Wilson was trying to make the point that General Motors was such a big company -- it sold about half the cars in the United States back then -- that its interests were inevitably aligned with those of the country as a whole.

Things are different now. General Motors' market share in the U.S. is below 20 percent. It has gone through bankruptcy and exists now thanks to a federal bailout. But Barack Obama seems to think that it's as closely aligned with the national interest as Charles E. Wilson did.

"When the American auto industry was on the brink of collapse," Obama told a campaign event audience in Colorado earlier this month, "I said, let's bet on America's workers. And we got management and workers to come together, making cars better than ever, and now GM is number one again and the American auto industry has come roaring back."

His conclusion: "So now I want to say that what we did with the auto industry, we can do in manufacturing across America. Let's make sure advanced, high-tech manufacturing jobs take root here, not in China. Let's have them here in Colorado. And that means supporting investment here."


http://washingtonexaminer.com/barone-gm ... DU0y3kzx8E

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 Post subject: Re: Welcome to Gub'Mint Motors
PostPosted: Wed Aug 22, 2012 2:11 pm 
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Sorry, I don't waste time reading garbage by Michael Barone.
Seen the new Chevy Impala? not bad.


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