Banned
Okay. Then you also get credit for Solyndra and all the other failed business ventures by this failed President.Originally Posted by Cigar
The only reason GM was bailed out was to save union jobs, not the company. If those weren't union jobs, the President would not have lifted a finger.
Senior Member
Of course, the bailout worked. That's why Detroit is booming. Of course, every rational person knows the so-called bailout was a payoff to unions and to that extent it worked. It's costing taxpayers billions and when the taxpayer funds are shut off, then GM will go into bankruptcy which it should have done when it failed.
"DETROIT (AP) - From the street, the two decomposing bodies were nearly invisible, concealed in an overgrown lot alongside worn-out car tires and a moldy sofa. The teenagers had been shot, stripped to their underwear and left on a deserted block. They were just the latest victims of foul play whose remains went undiscovered for days after being hidden deep inside Detroit's vast urban wilderness - a crumbling wasteland rarely visited by outsiders and infrequently patrolled by police."
http://m.apnews.com/ap/db_268743/con...tguid=x1Mimfe0
General Motors' profits fell 41% in the second quarter as troubles in Europe undercut strong sales in North America. America's largest automaker made $1.5bn in the second quarter of 2012, compared with $2.5bn for the same period last year. Revenue fell to $37.6bn from $39.4bn in the second quarter of 2011. The results exceeded analysts' estimates, but further underlined Europe's drag on theUS economy.
http://www.guardian.co.uk/business/2...pean-struggles
How much more Obama Success can we stand?
Last edited by patrickt; 08-02-2012 at 03:22 PM.
Posting Permissions
Reply With Quote