GM ready to repay govt loan, sees chance of profit
- Thread starter tank
- Start date
Re: GM ready to repay govt loan, sees chance of profit
GM posts $4.3 billion loss for 2009
Apr 7 10:26 AM US/Eastern
The worldwide headquarters of General Motors in downtown Detroit, Michigan....
General Motors posted a post-bankruptcy 2009 net loss of 4.3 billion dollars Wednesday but said it hoped to achieve profitability in 2010. The new GM, which emerged from bankruptcy protection on July 10, achieved global revenues of 57.5 billion dollars and ended the year with net cash of one billion dollars.
"As the results for 2009 show, there is still significant work to be done," Chris Liddell, GM vice chairman and chief financial officer said in a statement.
"However, I continue to believe we have a chance of achieving profitability in 2010."
The net loss includes the pre-tax impact of a 2.6-billion-dollar settlement loss related to the United Auto Workers union retiree medical plan and a 1.3-billion-dollar foreign currency re-measurement loss.
"We are building the foundation that will allow us to return to public ownership," Liddell said.
GM has completed fresh-start accounting -- which includes determining the fair value of assets and liabilities -- and will file its third-quarter and 2009 results with the Securities and Exchange Commission later Wednesday.
This is an "important step" in the process of preparing for an initial public stock offering, Liddell said.
"Going public will enable the company to invest in designing, building and selling the world's best vehicles, attract the best people and access the capital markets," the automaker said.
"One of the most important measures in establishing the foundation for going public is the company's ability to return to sustainable profitability."
GM posts $4.3 billion loss for 2009
Apr 7 10:26 AM US/Eastern
The worldwide headquarters of General Motors in downtown Detroit, Michigan....
General Motors posted a post-bankruptcy 2009 net loss of 4.3 billion dollars Wednesday but said it hoped to achieve profitability in 2010. The new GM, which emerged from bankruptcy protection on July 10, achieved global revenues of 57.5 billion dollars and ended the year with net cash of one billion dollars.
"As the results for 2009 show, there is still significant work to be done," Chris Liddell, GM vice chairman and chief financial officer said in a statement.
"However, I continue to believe we have a chance of achieving profitability in 2010."
The net loss includes the pre-tax impact of a 2.6-billion-dollar settlement loss related to the United Auto Workers union retiree medical plan and a 1.3-billion-dollar foreign currency re-measurement loss.
"We are building the foundation that will allow us to return to public ownership," Liddell said.
GM has completed fresh-start accounting -- which includes determining the fair value of assets and liabilities -- and will file its third-quarter and 2009 results with the Securities and Exchange Commission later Wednesday.
This is an "important step" in the process of preparing for an initial public stock offering, Liddell said.
"Going public will enable the company to invest in designing, building and selling the world's best vehicles, attract the best people and access the capital markets," the automaker said.
"One of the most important measures in establishing the foundation for going public is the company's ability to return to sustainable profitability."
Re: GM ready to repay govt loan, sees chance of profit
Where's the laugh track when you really need it?
And how long till the new Amtrak becomes a permanent line item in the Federal budget?
Where's the laugh track when you really need it?
And how long till the new Amtrak becomes a permanent line item in the Federal budget?
Re: GM ready to repay govt loan, sees chance of profit
DETROIT ? General Motors Co., steadily returning to health after its near-collapse in 2009, said Wednesday it plans to pay off its government loans by June ? five years ahead of schedule ? and could report a profit as early as this year.
Paying off it's Govt. loans 5 years ahead of schedule .:+excited-:+excited-
2009 is over!!!Profit by this year.:+excited-:+excited-
DETROIT ? General Motors Co., steadily returning to health after its near-collapse in 2009, said Wednesday it plans to pay off its government loans by June ? five years ahead of schedule ? and could report a profit as early as this year.
Paying off it's Govt. loans 5 years ahead of schedule .:+excited-:+excited-
2009 is over!!!Profit by this year.:+excited-:+excited-
Re: GM ready to repay govt loan, sees chance of profit
Hey Obama Zombie. We the tax payers gave this broke company over $64 billion. GM is not not worth 10 cents. They are $60 billion in debt.
So they are going to start making payments at the end of the year to pay some token loan of $6 billion. Wow. Big deal. They are still broke and we the tax payers are stuck with this massive sea of red ink.
Note how GM says they are going to start making payments AFTER the mid-term elections. I will bet you $1,000 to your penny they default on the loan.
Hey Obama Zombie. We the tax payers gave this broke company over $64 billion. GM is not not worth 10 cents. They are $60 billion in debt.
So they are going to start making payments at the end of the year to pay some token loan of $6 billion. Wow. Big deal. They are still broke and we the tax payers are stuck with this massive sea of red ink.
Note how GM says they are going to start making payments AFTER the mid-term elections. I will bet you $1,000 to your penny they default on the loan.
brucefan
EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit
Yeh, things are just peachy
<!--open abColumn --><!--cur: prev:--><NYT_HEADLINE version="1.0" type=" ">Automaker Pensions Underfunded by $17 Billion</NYT_HEADLINE>
<NYT_BYLINE>By NICK BUNKLEY
</NYT_BYLINE>Published: April 6, 2010
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<NYT_TEXT><NYT_CORRECTION_TOP></NYT_CORRECTION_TOP>DETROIT ? The pension plans at General Motors and Chrysler are underfunded by a total of $17 billion and could fail if the automakers do not return to profitability, according to a government report released Tuesday.
<!--h-->Related
If either company?s plan must be terminated, the government would become liable for paying benefits to hundreds of thousands of retirees. The effect on the government?s pension insurer, the Pension Benefit Guaranty Corporation, would be ?unprecedented,? the report said. The agency manages plans with assets totaling $68.7 billion, less than the $84.5 billion in G.M.?s plan alone.
The carmakers? pension plans were jolted by the downturn, increased liabilities and other factors. G.M.?s plan was overfunded by $18.8 billion in 2008, and was then underfunded by $13.6 billion last year, the report said. Chrysler?s plan was overfunded by $2.9 billion in 2008 but underfunded by $3.4 billion last year.
The plans cover about 650,000 people at G.M. and 250,000 at Chrysler.
The Treasury Department owns 61 percent of G.M. and 10 percent of Chrysler as a result of the emergency loans the carmakers received last year. The government spent $81 billion bailing out the companies and others in the auto industry.
The report issued Tuesday said Treasury officials were confident that G.M. and Chrysler would earn enough to allow the government to gradually sell its stakes. But the report warned that the government could push the companies out of business, consequently terminating their pension plans, if their recovery efforts failed.
?In the event that the companies do not return to profitability in a reasonable time frame, Treasury officials said that they will consider all commercial options for disposing of Treasury?s equity, including forcing the companies into liquidation,? the report said.
In addition, the report said the government?s interests as a shareholder of G.M. and Chrysler could clash with those of pension participants and beneficiaries. ?For example, Treasury could decide to sell its equity stake at a time when it would maximize its return on investment, but when the companies? pension plans were still at risk,? the report said.
President Obama has said he wants to sell the government?s stakes in the two companies as soon as is practicable. G.M. executives have said that a public stock offering could happen this year but that the company would need to be profitable and meet other criteria first.
G.M. is scheduled to release its financial results for 2009 on Wednesday. Chrysler plans to provide an update on April 21.
Yeh, things are just peachy
<!--open abColumn --><!--cur: prev:--><NYT_HEADLINE version="1.0" type=" ">Automaker Pensions Underfunded by $17 Billion</NYT_HEADLINE>
<NYT_BYLINE>By NICK BUNKLEY
</NYT_BYLINE>Published: April 6, 2010
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<NYT_TEXT><NYT_CORRECTION_TOP></NYT_CORRECTION_TOP>DETROIT ? The pension plans at General Motors and Chrysler are underfunded by a total of $17 billion and could fail if the automakers do not return to profitability, according to a government report released Tuesday.
<!--h-->Related
- Times Topics: General Motors | Chrysler LLC
If either company?s plan must be terminated, the government would become liable for paying benefits to hundreds of thousands of retirees. The effect on the government?s pension insurer, the Pension Benefit Guaranty Corporation, would be ?unprecedented,? the report said. The agency manages plans with assets totaling $68.7 billion, less than the $84.5 billion in G.M.?s plan alone.
The carmakers? pension plans were jolted by the downturn, increased liabilities and other factors. G.M.?s plan was overfunded by $18.8 billion in 2008, and was then underfunded by $13.6 billion last year, the report said. Chrysler?s plan was overfunded by $2.9 billion in 2008 but underfunded by $3.4 billion last year.
The plans cover about 650,000 people at G.M. and 250,000 at Chrysler.
The Treasury Department owns 61 percent of G.M. and 10 percent of Chrysler as a result of the emergency loans the carmakers received last year. The government spent $81 billion bailing out the companies and others in the auto industry.
The report issued Tuesday said Treasury officials were confident that G.M. and Chrysler would earn enough to allow the government to gradually sell its stakes. But the report warned that the government could push the companies out of business, consequently terminating their pension plans, if their recovery efforts failed.
?In the event that the companies do not return to profitability in a reasonable time frame, Treasury officials said that they will consider all commercial options for disposing of Treasury?s equity, including forcing the companies into liquidation,? the report said.
In addition, the report said the government?s interests as a shareholder of G.M. and Chrysler could clash with those of pension participants and beneficiaries. ?For example, Treasury could decide to sell its equity stake at a time when it would maximize its return on investment, but when the companies? pension plans were still at risk,? the report said.
President Obama has said he wants to sell the government?s stakes in the two companies as soon as is practicable. G.M. executives have said that a public stock offering could happen this year but that the company would need to be profitable and meet other criteria first.
G.M. is scheduled to release its financial results for 2009 on Wednesday. Chrysler plans to provide an update on April 21.
Re: GM ready to repay govt loan, sees chance of profit
Okay just for the record you tools want GM to fail and not pay off their loans and to be ''Socialist''in your terms right????:shoot:
Glad they predict profit this year or you manic depressant failure hounds would really be bent.
:LMAO64 billion???????Good God you have no clue do you??They are going to pay off all their loans 5 years early[19 billion that is Jethro]??What part of that do you not understand??You are the tools crying Socialism because of these loans ...and now they are going to pay them all off 5 years early and you dipshits are complaining??????????????????????????????????:shoot::shoot::shoot::shoot::shoot::shoot:
Okay just for the record you tools want GM to fail and not pay off their loans and to be ''Socialist''in your terms right????:shoot:
Glad they predict profit this year or you manic depressant failure hounds would really be bent.
Re: GM ready to repay govt loan, sees chance of profit
</nyt_text>
Well yeah Bruce of course if they do not return to profitability the pension fund is in trouble.Bruce I thought you said you worked in the stock market???If you do then you should know what GM's biggest asset is going to be??Even if the stock comes out at $2 a share they will raise a lot of jack!!!
</nyt_text>
Re: GM ready to repay govt loan, sees chance of profit
PPSSSTTT Jethro...when they filed bankruptcy that debt was erased!!!:shoot::shoot::shoot:
brucefan
EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit
There will be no public offerings of anything unless rates stay at zero and the Fed keeps the bubble going
When that IPO goes, Gold hits 2000
Hey how did gold do today, anyone check?
op:
http://blog.heritage.org/2010/04/07/so-how-is-that-government-run-auto-company-working-out/
There will be no public offerings of anything unless rates stay at zero and the Fed keeps the bubble going
When that IPO goes, Gold hits 2000
Hey how did gold do today, anyone check?
op:http://blog.heritage.org/2010/04/07/so-how-is-that-government-run-auto-company-working-out/
Re: GM ready to repay govt loan, sees chance of profit
The biggest thing is being profitable.There will be no public offerings of anything unless rates stay at zero and the Fed keeps the bubble going
When that IPO goes, Gold hits 2000
Hey how did gold do today, anyone check?
http://blog.heritage.org/2010/04/07/so-how-is-that-government-run-auto-company-working-out/
Re: GM ready to repay govt loan, sees chance of profit
Now continue on crying about Government Motors and Socialism and how terrible that is. Also keep silly negro and zombie going since your vocabulary is expanding rather well...for a 5th grader anyway.
Jethro it is plain to see why you only contribute words like ''silly negro'' or zombie.If you could comprehend anything other than what Glenn Beck tells you to think, you would see that the article I posted said GM would pay it's loans off 5 years early. It also said they could see profit this year which is good.Your dumbass chimes in with the usual manic depressant, sky is falling stupidity saying they have to much debt.As I pointed out Jethro when they filed bankruptcy that was erased.I know you are not smart enough to understand that since Glenn probably did not draw any pictures for you.
Now continue on crying about Government Motors and Socialism and how terrible that is. Also keep silly negro and zombie going since your vocabulary is expanding rather well...for a 5th grader anyway.
ACCC
2
Re: GM ready to repay govt loan, sees chance of profit
The EOG right continues to be critical of corporations that will at least be responsible employers and responsible in compensating the government/taxpayers for any assistance received.
At the same time, the same posters will defend Wal-Mart when taxpayers have to pay for food stamps, health care, and energy assistance for their workforce. Nobody gets any of that profit other than the executives in their salaries and bonuses.
The EOG right continues to be critical of corporations that will at least be responsible employers and responsible in compensating the government/taxpayers for any assistance received.
At the same time, the same posters will defend Wal-Mart when taxpayers have to pay for food stamps, health care, and energy assistance for their workforce. Nobody gets any of that profit other than the executives in their salaries and bonuses.
Re: GM ready to repay govt loan, sees chance of profit
Higher taxes!
Higher wages!
Higher taxes!
Higher wages!
Higher taxes!
Higher wages!
And you libs wonder why jobs are being outsourced overseas?
Maybe...it's because...a job...isn't meant to be...a social benefit (as if the laws of economics magically disappear because the radical Saul Alinskys demand it!). :doh1
Did that ever cross your mind?
Higher taxes!
Higher wages!
Higher taxes!
Higher wages!
Higher taxes!
Higher wages!
And you libs wonder why jobs are being outsourced overseas?
Maybe...it's because...a job...isn't meant to be...a social benefit (as if the laws of economics magically disappear because the radical Saul Alinskys demand it!). :doh1
Did that ever cross your mind?
ACCC
2
Re: GM ready to repay govt loan, sees chance of profit
You are the one paying higher taxes for the food stamps, energy/housing assistance, Medicaid when companies pay low wages and no benefits. I don't know why you keep making the taxation argument - GM is repaying its assistance, and taxpayers continue to have to pick up the slack for Wal-Mart's irresponsibility, with no compensation in return.
You are the one paying higher taxes for the food stamps, energy/housing assistance, Medicaid when companies pay low wages and no benefits. I don't know why you keep making the taxation argument - GM is repaying its assistance, and taxpayers continue to have to pick up the slack for Wal-Mart's irresponsibility, with no compensation in return.
Re: GM ready to repay govt loan, sees chance of profit
socialism
socialism
socialism and more socialism
Budget-busting socialism on steroids!
Low skilled entry level jobs shouldn't pay inflated wages and benefits
Pick up the slack for freeloaders? More -- yep, you guessed it! -- socialism!
Like I said, the day you lefties understand how a job is created in the private sector is the day job recovery can begin.
Re: GM ready to repay govt loan, sees chance of profit
Taxpayer Problem: GM?s $12.3B of Unfunded Pensions
According to a report by the Government Accountability Office, GM will need to add $12.3 billion into its pension fund by 2014. To make matters worse, if GM terminates their pensions, the Pension Benefit Guaranty Corporation ? funded by taxpayers ? would then become responsible for as much as $14.5 billion in unfunded liabilities.
In the video: Aaron points out, this could enrage taxpayers fed up with paying for government worker benefits at a time when the average government employee is making more than private sector workers and receives better benefits.
WATCH:
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<embed type="application/x-shockwave-flash" src="http://cosmos.bcst.yahoo.com/up/fop/embedflv/swf/fop_wrapper.swf?id=19026972&autoStart=0&prepanelEnable=1&infopanelEnable=1&carouselEnable=0" width="292" height="219"></object>
"fresh start accounting" :LMAO 2348ji23e
Taxpayer Problem: GM?s $12.3B of Unfunded Pensions
According to a report by the Government Accountability Office, GM will need to add $12.3 billion into its pension fund by 2014. To make matters worse, if GM terminates their pensions, the Pension Benefit Guaranty Corporation ? funded by taxpayers ? would then become responsible for as much as $14.5 billion in unfunded liabilities.
In the video: Aaron points out, this could enrage taxpayers fed up with paying for government worker benefits at a time when the average government employee is making more than private sector workers and receives better benefits.
WATCH:
<object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0" width="292" height="219">
<embed type="application/x-shockwave-flash" src="http://cosmos.bcst.yahoo.com/up/fop/embedflv/swf/fop_wrapper.swf?id=19026972&autoStart=0&prepanelEnable=1&infopanelEnable=1&carouselEnable=0" width="292" height="219"></object>
"fresh start accounting" :LMAO 2348ji23e
Re: GM ready to repay govt loan, sees chance of profit
Easiest solution: knee cap unions. :thumbsup
Easiest solution: knee cap unions. :thumbsup
Re: GM ready to repay govt loan, sees chance of profit
ironmike67
EOG Senior Member
Re: GM ready to repay govt loan, sees chance of profit
JOBS JOBS JOBS
JOBS JOBS JOBS
brucefan
EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit
GM Pays Back TARP Loans With...TARP Loans!
Nick Gillespie | April 23, 2010
Have you driven a Ford lately? That might be a good idea, as it seems that GM's claims to have repaid its TARP loans in full and ahead of schedule are, well, bullshit. Sen. Charles Grassley (R-Iowa) has sent a letter to Treasury Secretary Tim Geithner pointing out that GM has apparently paid back its TARP money with...more TARP money. Here's some of Grassley's query:
Whole thing here. Via Real Clear Politics via Reason stalwart Manny Klausner.
And, needless to say, Grassley isn't even raising the massively important issue of whether the freaking bailout via TARP funds was legal. Spoiler alert: It wasn't.
But don't worry, GM loses money hand over fist and is poised to lose even more money when the market rebounds and they start selling more units. That's what happened in 2007, a record-setting year for GM when it sold 9.4 million cars worldwide and lost $38 billion. Check it out, why don't you?:
This post, incidentally, was written by a very satisfied owner a used Buick.
:fuck:
GM Pays Back TARP Loans With...TARP Loans!
Nick Gillespie | April 23, 2010
Have you driven a Ford lately? That might be a good idea, as it seems that GM's claims to have repaid its TARP loans in full and ahead of schedule are, well, bullshit. Sen. Charles Grassley (R-Iowa) has sent a letter to Treasury Secretary Tim Geithner pointing out that GM has apparently paid back its TARP money with...more TARP money. Here's some of Grassley's query:
During his testimony [Inspector General for TARP Neil] Barofsky addressed GM?s recent debt repayment activity, and stated that the funds GM is using to repay its TARP debt are not coming from GM earnings. Instead, GM seems to be using TARP funds from an escrow account at Treasury to make the debt repayments. The most recent quarterly report from the Office of the Special Inspector General for TARP says "The source of funds for these quarterly [debt] payments will be other TARP funds currently held in an escrow account."...
Therefore, it is unclear how GM and the Administration could have accurately announced yesterday that GM repaid its TARP loans in any meaningful way. In reality, it looks like GM merely used one source of TARP funds to repay another. The taxpayers are still on the hook...
The bottom line seems to be that the TARP loans were "repaid" with other TARP funds in a Treasury escrow account. The TARP loans were not repaid from money GM is earning selling cars, as GM and the Administration have claimed in their speeches, press releases and television commercials. When these criticisms were put to GM?s Vice Chairman Stephen Girsky in a television interview yesterday, he admitted that the criticisms were valid:
Question: Are you just paying the government back with government money?
Mr. Girsky: Well listen, that is in effect true, but a year ago nobody thought we?d be able to pay this back.
Girsky, you magnificent bastard! If you managed to say that line without laughing, you deserve all the unsold Pontiacs in North America.Therefore, it is unclear how GM and the Administration could have accurately announced yesterday that GM repaid its TARP loans in any meaningful way. In reality, it looks like GM merely used one source of TARP funds to repay another. The taxpayers are still on the hook...
The bottom line seems to be that the TARP loans were "repaid" with other TARP funds in a Treasury escrow account. The TARP loans were not repaid from money GM is earning selling cars, as GM and the Administration have claimed in their speeches, press releases and television commercials. When these criticisms were put to GM?s Vice Chairman Stephen Girsky in a television interview yesterday, he admitted that the criticisms were valid:
Question: Are you just paying the government back with government money?
Mr. Girsky: Well listen, that is in effect true, but a year ago nobody thought we?d be able to pay this back.
Whole thing here. Via Real Clear Politics via Reason stalwart Manny Klausner.
And, needless to say, Grassley isn't even raising the massively important issue of whether the freaking bailout via TARP funds was legal. Spoiler alert: It wasn't.
But don't worry, GM loses money hand over fist and is poised to lose even more money when the market rebounds and they start selling more units. That's what happened in 2007, a record-setting year for GM when it sold 9.4 million cars worldwide and lost $38 billion. Check it out, why don't you?:
This post, incidentally, was written by a very satisfied owner a used Buick.
:fuck:
Re: GM ready to repay govt loan, sees chance of profit
Where is tank? Is he too embarrassed to post in his "GM ready to repay govt loan, sees chance of profit" thread?
GM is a bottomless pit that Obama has saddled us with. $60,000,000,000 and counting of our money so this chimp could buy a few votes for his re-election bid.
Where is tank? Is he too embarrassed to post in his "GM ready to repay govt loan, sees chance of profit" thread?
GM is a bottomless pit that Obama has saddled us with. $60,000,000,000 and counting of our money so this chimp could buy a few votes for his re-election bid.
Re: GM ready to repay govt loan, sees chance of profit
And who spreads the sheep feed for you tools? why none other than this guy...Brietbarth :LMAOGive it time tools. They are making profit and everything will be fine. Keep rooting against America to fail like you un American scumbags have been hoping for from the beginning. Real Americans like me will keep on cheering a American company while you tools will keep eating sheep feed hoping it fails.Nothing new here. Move to the basement with BCT and stock up on duct tape and water.
:LMAOBruce's source...Nick Gillespie is editor in chief of Reason.tv and Reason.com, which draws 2.5 million visits per month:LMAO
And who spreads the sheep feed for you tools? why none other than this guy...Brietbarth :LMAOGive it time tools. They are making profit and everything will be fine. Keep rooting against America to fail like you un American scumbags have been hoping for from the beginning. Real Americans like me will keep on cheering a American company while you tools will keep eating sheep feed hoping it fails.Nothing new here. Move to the basement with BCT and stock up on duct tape and water.
Re: GM ready to repay govt loan, sees chance of profit
If America becomes a radical socialist hell hole then it deserves to fail.
The Founding Fathers wouldn't want it any other way.
If America becomes a radical socialist hell hole then it deserves to fail.
The Founding Fathers wouldn't want it any other way.
Re: GM ready to repay govt loan, sees chance of profit
That is the truth!!These manic depressant sheep live for bad news and hope OUR country fails . They actually cheer OUR demise on hoping for it.What a sad pathetic group.
brucefan
EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit
Just telling the truth, and not listining to the propaganda
Ya know, like there is no inflation :LMAO, excluding food and energy of course, and dont pay any attention to the price of gold :LMAO
Sheep being led to slaughter
How The Hell Did GM Pay Back Its Loans "in Full And Ahead of Schedule"? Well, It Didn't.
<EMBED src=http://www.youtube.com/v/SOaS2SymjQ4&hl=en_US&fs=1& width=640 height=385 type=application/x-shockwave-flash allowscriptaccess="always" allowfullscreen="true"></EMBED>
Just telling the truth, and not listining to the propaganda
Ya know, like there is no inflation :LMAO, excluding food and energy of course, and dont pay any attention to the price of gold :LMAO
Sheep being led to slaughter
How The Hell Did GM Pay Back Its Loans "in Full And Ahead of Schedule"? Well, It Didn't.
<EMBED src=http://www.youtube.com/v/SOaS2SymjQ4&hl=en_US&fs=1& width=640 height=385 type=application/x-shockwave-flash allowscriptaccess="always" allowfullscreen="true"></EMBED>
Re: GM ready to repay govt loan, sees chance of profit
The Obama Zombie is being led to slaughter as he chants Yes We Can.
:+computer
The Obama Zombie is being led to slaughter as he chants Yes We Can.
Re: GM ready to repay govt loan, sees chance of profit
Here's BCT waiting for bad news.
And our manic depressant sheep keeps eating the doom and gloom failure grass hoping for the worst.
Here's BCT waiting for bad news.
Re: GM ready to repay govt loan, sees chance of profit
A brilliantly written post. :thumbsup
http://www.amazon.com/Obama-Zombies-Liberal-Brainwashed-Generation/dp/1439172072
A brilliantly written post. :thumbsup
http://www.amazon.com/Obama-Zombies-Liberal-Brainwashed-Generation/dp/1439172072
Re: GM ready to repay govt loan, sees chance of profit
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Keep drinkin' the Kool Aid, tank. :handjob:
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Keep drinkin' the Kool Aid, tank. :handjob:
Re: GM ready to repay govt loan, sees chance of profit
:houra:houraJason Mattera:houraBrietbarth little buttboy has been abused so many times it is not even funny.What kind of idiot would buy this book??Probably the same sheep that would buy Coulter's or Beck's.
Re: GM ready to repay govt loan, sees chance of profit
Memo to the forum: there will be no honest, coherent response from the union hack stealing your money. 2938u4ji23
Memo to the forum: there will be no honest, coherent response from the union hack stealing your money. 2938u4ji23
Re: GM ready to repay govt loan, sees chance of profit
Pst Markie.What does it matter if they used the money from the loan to pay it back early??Are you really this stupid??Seriously ?
Re: GM ready to repay govt loan, sees chance of profit
Seriously. You can't be THIS stupid can you?
Too many paint fumes at the GM plant? :doh1
Let's try this slowwwwwwwwwly....
GM REPAID THE FEDERAL LOAN MONEY WITH GOVERNMENT MONEY!
Seriously. You can't be THIS stupid can you?
Too many paint fumes at the GM plant? :doh1
Let's try this slowwwwwwwwwly....
GM REPAID THE FEDERAL LOAN MONEY WITH GOVERNMENT MONEY!
brucefan
EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit
You are really stupid. It was money from a loan!!Is the loan getting paid back??Yes!!Where did the money come from..from the loan.Big deal!!The only thing that matters is the loan getting paid back.They are making profit and paying back their loans so who besides you sheep gives a crap??
You are really stupid. It was money from a loan!!Is the loan getting paid back??Yes!!Where did the money come from..from the loan.Big deal!!The only thing that matters is the loan getting paid back.They are making profit and paying back their loans so who besides you sheep gives a crap??