GM Reports Largest Annual Profits Ever

[Conley]

General Motors reported the largest annual profit in its history on Thursday, but losses in Europe dragged down fourth-quarter earnings.

G.M. said it earned a quarterly profit of $472 million, or 28 cents a share, down from $510 million, or 31 cents a share, a year ago. It was the eighth-consecutive quarterly profit for the carmaker, which cleansed much of its debt in bankruptcy years ago, but also the smallest during that stretch.

http://www.nytimes.com/2012/02/17/bu...al-profit.html

Look at that, with a bunch of federal money and the ability to declare bankruptcy to eliminate any debts on the books, G.M. is doing great. Must be nice to have the government helping you out like that.

[Mister D]

Time to pay the taxpayers back.

[Conley]

Time to pay the taxpayers back.

Taxpayers won't see a dime but you can bet some of those profits will go right back into political campaigns.

[Mister D]

Taxpayers won't see a dime but you can bet some of those profits will go right back into political campaigns.

Hmmm...yeah that's sure to happen.

[Conley]

Corporations are people too, they have the right to elect whoever will treat them most favorably. Actually, corporations are one step above people because they can still declare bankruptcy and walk away unscathed, plus they can get even better handouts and afford to pay Clint Eastwood to star in their commercials! I wish I were a corporation.

[Mister D]

Conley Inc.

[Conley]

Conley Inc.

Love it. Our business model is getting paid to post on forums. We'll use green computers and score a $500B grant from the White House.

[MMC]

Good thing Toyota had all those problems, which also affected their Lexus. Then that Tsunami and Earthquake rocked Japan. Causing Honda and Suzuki to lose money. Course then the reactors. Affected Bike sales too. So i don't think GM and those boysz should be to comfortable.

Kudos to Ford for not taking any bailout money and earning theirs.

[Conley]

Good point about Ford. I either didn't know that or had forgotten. They deserve a lot of good will for that.