Government Motors
- Thread starter moreluck
- Start date
Might want to recheck this today. All three Detroit auto manufacturers posted huge numbers in June. Of course, once again, the facts don't fit the author's narrative.
moreluck
golden ticket member
The market was open half day today. GM was up $1.10 at $20.67. How does this make the author a liar? GM stock is still not worth what it was. The shares would have to hit $53 for the shareholders (us) to break even. How is this a lie??
He wrote the article Monday. Tuesday just looks alot different. I don't know why you think we have to break even by a given date. The US government is in a position to "buy and hold".
moreluck
golden ticket member
You say US gov't like it's their money. It's our money and if the car people are making so much, why haven't they paid us the money back???
We're still out $26 billion and you want to wait and hold.........I don't do my investing that way. I want ROI !!
brett636
Well-Known Member
Stock prices don't always follow increased revenue. If the general attitude of the market is sour, like continued bad economic policies from Washington, they will sell more stock than buy and thus the price drops.
island1fox
Well-Known Member
Wow,
Is GM really going to create jobs in Russia ?
Is GM really going to create jobs in Russia ?
And yet way better than expected sales coupled with higher stock prices suggest that the policies in Washington matter more to you political argument than they do to the market.
Still with the rhetorical GOP talking points?
Do we need to re visit the Reagan era to find our why all the parts for our cars were outsourced during his term?
Get a grip bro.
Peace
TOS
wkmac
Well-Known Member
(Talking out loud bbsam, just using your post as the launch point!)
The real question about GM is what became of the old stock? What became of the old General Motors? How did the new General Motors and GM stock come to be? And who owned the old GM stock and who now owns the new GM stock and at what price level were they able to acquire the company? Who's been buying GM stock? Is something or someone more at play here that we've just not connected the dots yet?
Find the bodies, follow the blood trail. That's where the real story lay.
Does magic play into this?
[video=youtube;U8PdOxa0seE]http://www.youtube.com/watch?v=U8PdOxa0seE[/video]
If you knew in the late 1990's that a certain course of action could present the perfect opportunity in 2009' and you were in a position in the late 1990's to influence economic public policy...........Hmmmmmmm? Has this happened before to show a past practice formuli to follow? State or Crony capitalism at it's best?
Ask the questions!
Brownslave688
You want a toe? I can get you a toe.
I don't care if gm made the taxpayers a billion dollars it was the wrong move
moreluck
golden ticket member
Where do you get the higher stock crap??? It was $53 and now $26 (?) In Catholic school they told us 26 was lower than 53. Maybe the progressive schools taught it diferently.
Right, cause you would have preferred to have a million people out of work and your taxes increased to pay for them while they sat on unemployment.
Peace
TOS
brett636
Well-Known Member
Gm only employs around 170k people in the U.S. so it wouldn't be a million unemployed. Besides, throw that on top of the several million more people who became unemployed since Obama has been in office and it wouldn't make much of a difference.
You have to factor in suppliers and distributors genious. If suppliers dont have GM and Chrysler to supply, and distributors dont have anyone to distribute to, what happens to their employees and businesses?
Sheesh.
Peace
TOS
klein
Für Meno :)
You know, I seen them interviewing a few hardcore republicans that have retired from GM.
They aren't happy at all with Obama, because part of the GM bail-out package was reducing their pensions by 40%.
Too bad Romney wasn't in charge back then - they would be getting NOTHING in GM pensions !
They aren't happy at all with Obama, because part of the GM bail-out package was reducing their pensions by 40%.
Too bad Romney wasn't in charge back then - they would be getting NOTHING in GM pensions !
brett636
Well-Known Member
Wrong, the PBGC takes over defuct pension plans and pays out something. It is usually less than the original promised amount, but its something.
brett636
Well-Known Member
you mean nobody but GM makes cars in the U.S.?
