Okay enough is enough

[konechiwa 10+ year member]

via Detroit News:

The bankruptcy will involve the Treasury spending another $30.1 billion to keep GM in operations during the bankruptcy, which will give the government 72.5% of the restructured company.

I'm not sure as to what that means, but I just thought I'd throw that out there.

 

[Slo_Ride 5,000+ posts]

If I remember correctly bush started the bailout so get the facts straight

 

[Lugnutz 10+ year member]

If I remember correctly bush started the bailout so get the facts straight

Yes he did. In fact, Obama has given GM and Chrysler nothing.

 

[Slo_Ride 5,000+ posts]

via Detroit News:


I'm not sure as to what that means, but I just thought I'd throw that out there.

means that it is now Government Motors. the government will be majority owners as part of the bankruptcy and restructuring.

 

[Lugnutz 10+ year member]

via Detroit News:


I'm not sure as to what that means, but I just thought I'd throw that out there.

It means Obama, who said the US will have no interest in running GM, will own 72% of the company.

 

[konechiwa 10+ year member]

Yes he did. In fact, Obama has given GM and Chrysler nothing.

But he's the president now, so it's obviously his fault.

In fact, It's his fault that we as a nation are in this bad of shape. Just look at how it was in Dec. 2008 before he took office.

It means Obama, who said the US will have no interest in running GM, will own 72% of the company.

Well maybe the U.S. will be good owners.

 

[Lugnutz 10+ year member]

But he's the president now, so it's obviously his fault.
In fact, It's his fault that we as a nation are in this bad of shape. Just look at how it was in Dec. 2008 before he took office.

I have never seen a president as scrutinized as Obama. The venom from the republicans is ridiculous.

 

[Slo_Ride 5,000+ posts]

But he's the president now, so it's obviously his fault.
In fact, It's his fault that we as a nation are in this bad of shape. Just look at how it was in Dec. 2008 before he took office.

lol that is the dumbest thing I've heard today. Bush ran this country straight into the ground. The only thing he cared about was making money for himself and his rich buddies.

 

[fasfocus00 5,000+ posts]

The ONLY negative to GM dying is all the people who will be out of a job.Other than that though, who gives a ****. There hasnt really been any interesting cars from them lately.

just b/c they don't want to get off their ass and get a job when times are hard right? I got laid off 2 times and I got off my ass and went out and got another job and opened a business. that is how the job world works, if you lose your job you go out and get another or you open up a business.

 

[Lugnutz 10+ year member]

lol that is the dumbest thing I've heard today. Bush ran this country straight into the ground. The only thing he cared about was making money for himself and his rich buddies.

I think you missed the sarcasm.

 

[mossberg385t 10+ year member]

we sued GM a few years back because we bought a 2000 silverado that kept burning... yes burning... the front brakes took 3 years and all we got was 20k which was 3k less than we paid

 

[konechiwa 10+ year member]

lol that is the dumbest thing I've heard today. Bush ran this country straight into the ground. The only thing he cared about was making money for himself and his rich buddies.

Bush was a great president. He took out Saddam Hussien, stop the Taliban in Iraq and destroyed their WMD's.

The world is a safer place because of that, and if you can't see that, you are the idiot my friend, not me.

 

[Goindef154 5,000+ posts]

Yeah I completely agree, its survival of the fittest and if they can't figure out how to make a good car then let them die.
Pontiac died, now its time for GM to die.

I had a Chevy Blazer a few years back, no matter how many times we would fix that thing it would break right back down. . .. Garbage not cars!!!

GM makes Pontiac...

 

[Lugnutz 10+ year member]

just b/c they don't want to get off their ass and get a job when times are hard right? I got laid off 2 times and I got off my ass and went out and got another job and opened a business. that is how the job world works, if you lose your job you go out and get another or you open up a business.

Except GM going completely out of business would effect 1 million jobs almost instantly in an already weak economy.

 

[chase007 10+ year member]

Don't worry Obama will hand out another stim pack and my kids kids kids kids will just be paying it off, its ok no harm done.