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GM could be headed to bankruptcy - again

Discussion in 'Political Discussion' started by Triumph, Sep 8, 2012.

  1. Triumph

    Triumph Rookie

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  2. wistahpatsfan

    wistahpatsfan Rookie

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  3. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Another thinly-veiled Party before country thread. The basic point here is, Iet's hope GM fails so that we have more proof that Obama is a failure. If the United States loses in the process of defeating Obama, it's a victory for the Republicans. What an unpatriotic party the Republicans have become. The fact that they are defending Romney for ignoring any reference to our troops and to the brave achievements of our troops over the last four years reflects just how much the Republican Party is infected with corrupt values.
    At any rate, as to that stupid article you found on Forbers, here's the response on Forbes:

    General Motors Is Headed For Bankruptcy -- Again - Forbes

    Chicken Little's Second GM Bankruptcy: The Gold Medal For Silly Op-Ed Pieces

    Forbes contributor Louis Woodhill must deserve some sort of special recognition for his thinly-argued op-ed contribution forecasting an early second demise of GM.

    As rationale, Mr. Woodhill cites a list of alleged GM ills, from the 2013 Malibu (last reported to be off to a very fast start and winning wide praise from the professional media) to declining market share in the US market.

    The fact that he would focus on GM’s admittedly-lower US market share as a harbinger of impending doom demonstrates the most profound lack of understanding of the vehicle business. Product strength is only one component in the market share equation. Other elements affecting share are transaction prices, marketing spend, and propensity to make share-enhancing, low-profit sales to daily rental fleets.
  4. 1960Pats

    1960Pats Rookie

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    #75 Jersey
    God forbid that anyone be critical of a sitting President's policies, well, now that Barack Hussein Obama has somehow found his way into the oral office. Otherwise, you're un-American. Where the heck was that patriotism when GBII was the sitting President?

    Next up is being called a racist.

    It's like liberals are all trained in a lab somewhere.
  5. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Always find it interesting that those who wish for failure, on something that would be bad for the country. When Obama was elected, Rush, declared how he hoped he would fail.. and the dittoheads just followed along.

    One might transcend the left right discussions, and hope that some of this stuff works and we can get out of this economic malaise.

    If Myth does somehow get elected, then I hope he succeeds.. even though I do not like, because that is what is best for this country.
  6. Patradomous

    Patradomous Rookie

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    Well whats never said is the fact that GM still owes me and the rest of my TAX PAYING countrymen 25 billion balloons.
    What else is never said and falsely demagouged, is the fact that GM would never had to close they could have still been open under a structured bankruptcy. Instead of a big wet kiss to the unions and GM from Obama with other peoples money.
    There were like 60 thousand bankruptcies in the country over the last two years and none of them got a government handout.

    Like Clint Eastwood said about President Sham Wow. He is the biggest hoax ever perpetrated on the American people.

    Just like the "Obama saved GM" farce.
  7. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Nothing wrong with criticizing the president's choices, but the wishful thinking for failure is what I take issue with, especially with American jobs and products. You can argue that the government will lose billions on its investments in GM if you want to talk Republican, but to post something that seems to hope for failure happens is unAmerican in my opinion.

    If only black people weren't so lazy and didn't want handouts or weren't so easily fooled by the Democrats, they would surely vote for those who truly care about discrimination, poverty, and the struggles of black families: The Republicans.

    The lab of real life experience, and of seeing and working with people who are struggling in poverty despite their best efforts. Not the lab that Romney was created in, that's for sure.
    Last edited: Sep 8, 2012
  8. PatsFanInVa

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    Irwin Wilson's finally literally right:

    What's good for GM is, right now, good for America

    What's good for GM is bad for the Republican party

    Therefore, what's good for America is bad for the Republican party.

    And vice-versa. Same goes for better employment numbers - they're bad for America, so the pubbies are rooting for higher unemployment. After all, why vote for them if things are getting better?

    PFnV
  9. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    So, you're disagreeing with Triumph's link that says that GM is on the road to losing critical mass, at which point it would not be able to compete. The author even comments that the government would be (politically) forced to hold onto GM stock even if the value fell to 0.

    GM might have been able to survive bankruptcy, but it would have come out as a different company, not a major player on the world stage.
  10. Drewski

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    OT: The irony of this paragraph is almost too much. You take a pot shot at the Rs for their "party before country" ideals (some of which I totally agree with you on BTW) and then close it with that bolded doozy.

    You know our troops were fighting a full 5 years before the "brave achievements of our troops over the last four years" don't you?

    unAmerican, party before country indeed.
  11. Triumph

    Triumph Rookie

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    Id really like to know how many of these goofy Libs own a GM car? My guess is that most of them own imports like a Prius.

    Therefore lib nut jobs, put your money where your meely mouth is. If youre so Pro Obama and like his policies, go out and buy a GM product ASAP.
  12. chicowalker

    chicowalker Rookie

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    The partisan hypocrisy is astounding. Guess you've conveniently forgotten the insults used to describe people who criticized Bush. Un-American, unpatriotic, etc. but now that a Dem is in office the right has conveniently remembered that there's nothing wrong with criticizing a sitting President -- even at a time of war!

    Republicans and Dems both really need to get past this bs -- it doesn't make anything better.
  13. wistahpatsfan

    wistahpatsfan Rookie

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    Yeah! Stupid Libs!

    If you own one of those faggy Prius's, Leafs and Volts, I don't even consider you manly or patriotic enough to comment! Now if you own a noce GMC pickup, well...wanna beer?
  14. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    I think the liberals, not the far left, have been clear in their support of the individual troops. Liberals have consistently supported improved benefits, health care, and so on for our troops, probably more than Republicans. As far as our military policies, true liberals have many disagreements with Obama, though not as many as we had with Bush. The reason Obama is having difficulty firing up his base is partly because of his Guantanamo and Afghanistan policies.
  15. Drewski

    Drewski Rookie

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    #87 Jersey

    As I assumed would be the case, my point went right over your head.

    Carry on.
  16. PatriotsReign

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    Whether or not ANY US business is going to fail, I pray to God we NEVER/EVER bail out another company again in my lifetime.

    i don't care how many people lose their jobs or whatever. If a company is on the verge of bankruptcy, it doesn't deserve to be in business.

    We've had enough socialist bailouts for my liking.
  17. Real World

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    Are people wishing fo failure, or simply pointing out that the auto bailout was a failure waiting to happen? A lot of people in here felt that the blank check, screw stock holders, ignore the rule of law, give everything the UAW wants bailout on the taxpayer dime was bad policy. If GM indeed struggles again, are those of us with that view "rooting for failure", or simply pointing out that we might have been right? :confused2: I'm sure for some they want bad news when it hurts or helps their "side". I don't think that's the case for everyone though.

    GM will likely need another infusion of taxpayer cash at some point. Bandaid, gimmick, blank check with other people's money policies don't work in the long run.
  18. Real World

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    :rofl: This from the guy who called patriotic soldiers like Paul Tibbets "uncourageous tools". ahahahahaha.....
  19. PatriotsReign

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    You better be dead wrong RW....or some very, very bad sh1t is going to come down.

    Americans are sick & tired of bailing out corporations....I say....

    FUGG EM!!!

    Call your congressmen & women and tell them, "I am warning you not to bail out any more corporations"

    That should send a message!
    Last edited: Sep 8, 2012
  20. Real World

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    From all I've read, it's extremely likely.
  21. Patradomous

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    #87 Jersey
    Which proves Mitt Romneys point of going into a structured bankruptsy.
  22. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Well I was going to post but you made the point I wanted to make.
  23. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Was TARP a wasted effort??

    I believe about 200 Billion is still owed.. not that that is important.
  24. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Why don't restate your point in simpler terms. In other words, rather than feign superiority, why not ask yourself if you made your point unclearly? To me it seems like you simply had to response to what I wrote, so are trying hide behind a cliche.
  25. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Good for you for admiring those who champion nuclear war. Won't it be exciting if Iran gets the bomb? Then we can all sorts of uncourageous tools only following orders and dropping bombs that kill tens of thousands of women of children. It takes enormous courage to follow orders and kill that many people, you're right. I don't know what I think thinking. I thinking that Eisenhower was braver for saying in the face of the ravage right that the dropping of the A-bomb was unnecessary. But, then again Eisenhower was clearly a communist.
  26. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    If the economy continues to recover and GM has a sensible business plan there's no reason to believe it will need another cash infusion. Uh oh, the bailout might have worked! Oh, shoot, that means middle class union workers still have jobs. I hate Obama!

    GM posts profit in spite of Europe woes - Aug. 2, 2012

    NEW YORK (CNNMoney) -- Earnings at General Motors fell sharply due to "headwinds" in Europe, but still easily topped forecasts.

    The world's largest automaker reported that profits were down 41% from a year ago to $1.5 billion, or 90 cents a share, in the second quarter. Still, that was well ahead of the 74 cents a share of profit that analysts were expecting, according to Thomson Reuters.
  27. Real World

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    Many people felt it was. I can't say with certainty one way or the other, since I genuinely don't understand the finite, or intricate workings of that system, nor know the specific details that existed during that time. All we know is what the public was told, what actions were publically taken, and what we in the public were allowed to see as results. What I do know, is that a lot of the institutions that took money, used that money to buy up more fiscally troubled ones. To me, that raised some questions about the program, and it's necessity.

    Thanks for reinforcing my point. ;)
  28. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Well since my Dad was in a sub going to the Panama canal headed to Patrol off the coast of Japan in 1945 I am glad the bomb preempted him going in harms way again.
  29. Drewski

    Drewski Rookie

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    My point was your post was criticizing Rs who root for Obama's/GM's failure as being unAmerican as that impacts Americans (in so many words); party before country or so we said.

    While I agreed with your point, I found it completely ironic that your post talked about the brave achievements of our troops "in the last four years" which would, shockingly, fall in line with the time frame of your party leading the country, while seemingly ignoring the brave achievements of the troops in the first 5 years of the wars. Thus you were doing in words; "party before country", exactly what you were railing against Republicans doing by "hoping" for GM and Obama to fail.

    I am not pretending to have any level of superiority other than pointing out irony when I see/read it. i.e you can't point out Rs being unAmerican by playing partisan politics (rooting for failure of GM) and they play that game yourself (all the brave achievements of the troops....since Obama came to office).

    My sisters BF was killed by an IED in Fallujah in Sept 2006...but I guess since it wasn't in the last four years, he wasnt brave.....(see what I am getting at?)
  30. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Drewski, not many people on the left criticized our troops; they criticized Bush's policies. Sure there were cases like Abu Ghraib where some rogue troops came under a lot of criticism, but in general you would be hard-pressed to find opposition to programs that help and support our troops among liberals. That you're right there is a large part of the mainstream Democratic party that blasted Bush on Afghanistan, but is now quiet on Obama. I'm not part of that group, and that's true of most liberals. it's just that people like us do not have the critical mass to get our voice heard. The closet that happened with that was OWS, which made a pretty powerful statement.

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