GM ready to repay govt loan, sees chance of profit

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??

The taxpayer, that's who.

They didn't 'earn' the money in 'profits', fool...they repaid the loan from another pool of tarp money.

Once again, for the

GM REPAID THE GOVERNMENT LOAN WITH GOVERNMENT (TARP) MONEY!

GM is drowning in RED ink, dumkopf.

Did you pick up on my "shell game" graphic I inserted specifically for a dunce like you? Guess not. :doh1

 

tank

EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit

The taxpayer, that's who.

They didn't 'earn' the money in 'profits', fool...they repaid the loan from another pool of tarp money.

Once again, for the

GM REPAID THE GOVERNMENT LOAN WITH GOVERNMENT (TARP) MONEY!

GM is drowning in RED ink, dumkopf.

Did you pick up on my "shell game" graphic I inserted specifically for a dunce like you? Guess not. :doh1

The whole loan is from the taxpayer dipshit.They filed bankruptcy so all their debt was wiped out.What part of that do you not understand dipshit??
Again what does it matter if they used money from THEIR loan to pay it off???????AGAIN is the loan getting paid off or not??Answer the damn question. Is the loan getting paid off??????What does this tell you???The money was a loan in escrow and part of the original LOAN.Again is the loan getting paid off??Have they defaulted on the loan??
 
Re: GM ready to repay govt loan, sees chance of profit

For the union hack who apparently never passed third grade math. :doh1

Just telling the truth, and not listining to the propaganda

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&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385">

There is no hope for you. None whatsoever.
 
Re: GM ready to repay govt loan, sees chance of profit

Bottom line:

Government Motors is nothing but a very expensive taxpayer-funded public works program to "save or create" union jobs and benefits.

Thieves don't deserve to keep what they steal, even when they "community organize" the government to do the stealing for them.

That is the no-spin truth, no matter how many union hacks scream and yell claiming otherwise.
 

tank

EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit

Bottom line:

Government Motors is nothing but a very expensive taxpayer-funded public works program to "save or create" union jobs and benefits.

Thieves don't deserve to keep what they steal, even when they "community organize" the government to do the stealing for them.

That is the no-spin truth, no matter how many union hacks scream and yell claiming otherwise.
Yes Joe your usual spin and strawman B.S.How typical and expected.Still not going to answer if the loans are getting paid back so I will assume you agree.Unless of course you can prove that they are not??And yes GM is hiring and yes they are union jobs but you are not mentioning that they are for half the wages, no pension, paying 40% of their insurance and low life scabs like you are still going to be kicking and screaming with your class welfare crap.Scabs like you should be celebrating their lower wages yet here you are complaing and crying because they are paying back their loan .What a pathetic scab you are and I am glad you are not an American .You and your ilk make real Americans sick.
 

tank

EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit

Bottom line:

Government Motors is nothing but a very expensive taxpayer-funded public works program to "save or create" union jobs and benefits.

.
Just like Wall Street and all the Banks too right??What an idiot!!
 
Re: GM ready to repay govt loan, sees chance of profit

Yes Joe your usual spin and strawman B.S.How typical and expected.Still not going to answer if the loans are getting paid back so I will assume you agree.Unless of course you can prove that they are not??And yes GM is hiring and yes they are union jobs but you are not mentioning that they are for half the wages, no pension, paying 40% of their insurance and low life scabs like you are still going to be kicking and screaming with your class welfare crap.Scabs like you should be celebrating their lower wages yet here you are complaing and crying because they are paying back their loan .What a pathetic scab you are and I am glad you are not an American .You and your ilk make real Americans sick.

The Obama Motors Magic Show For Dummies
(psst, that would be you tank)

Step 1: Place right hand in right pocket

Step 2: Remove money from right pocket

Step 3: Take money from right hand and place in left hand

Step 4: Put left hand in left pocket.

Step 5: Remove left hand from left pocket, leaving money in left pocket

Voila! The money is paid back. :houra

Now even imbecilic un-American union hacks can understand the Obama Motors magic show.

Or, maybe not. :blink:
 
Re: GM ready to repay govt loan, sees chance of profit

Q: How many union hacks does it take to change a light bulb?

A: Eight.

One to fill out the form, one to get the ladder, one to get the bulb, one to bring the ladder, one to bring the bulb, one to take the bulb out of the box, one to climb the ladder and screw the bulb in, and one to collect dues.

That's the first contract.

The second contract states that all 8 union hacks aren't allowed to touch or change any light bulbs -- even though they are still paid their full wages and benefits for doing so. :doh1

As for the third contract...well...there is no third contract because the entire plant has relocated to China.

:+textinb3
 

tank

EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit

The Obama Motors Magic Show For Dummies
(psst, that would be you tank)

Step 1: Place right hand in right pocket

Step 2: Remove money from right pocket

Step 3: Take money from right hand and place in left hand

Step 4: Put left hand in left pocket.

Step 5: Remove left hand from left pocket, leaving money in left pocket

Voila! The money is paid back. :houra

Now even imbecilic un-American union hacks can understand the Obama Motors magic show.

Or, maybe not. :blink:
Deflecting and straw man B.S again. Why do you continue to skip the question ??Are the loans getting paid back??
 

tank

EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit

Q: How many union hacks does it take to change a light bulb?

A: Eight.

One to fill out the form, one to get the ladder, one to get the bulb, one to bring the ladder, one to bring the bulb, one to take the bulb out of the box, one to climb the ladder and screw the bulb in, and one to collect dues.

That's the first contract.

The second contract states that all 8 union hacks aren't allowed to touch or change any light bulbs -- even though they are still paid their full wages and benefits for doing so. :doh1

As for the third contract...well...there is no third contract because the entire plant has relocated to China.

:+textinb3
Golly should I whine and cry about this like little Markie does?Whhhhhaaaaa.:LMAOWhat a dipshit!!Go sleep off the manic swing dummy.
 

tank

EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit

The Obama Motors Magic Show For Dummies
(psst, that would be you tank)

Step 1: Place right hand in right pocket

Step 2: Remove money from right pocket

Step 3: Take money from right hand and place in left hand

Step 4: Put left hand in left pocket.

Step 5: Remove left hand from left pocket, leaving money in left pocket

Voila! The money is paid back. :houra

Now even imbecilic un-American union hacks can understand the Obama Motors magic show.

Or, maybe not. :blink:
Okay I am bored so I will play along.Where did the money come from in the right pocket?I will assume it is from the loan.Okay?Now by taking the money out of your right pocket and putting it in your left pocket[again assuming that the left pocket is the government] is the loan then paid off??What happened to the money[loan] in your right pocket??Well it went to your left pocket[government] so does that mean that the loan was paid off??You seem to be having a hard time grasping this easy scenario.Again for the hundredth time ...is the loan paid off???????????
 
Re: GM ready to repay govt loan, sees chance of profit

Okay I am bored so I will play along.Where did the money come from in the right pocket?I will assume it is from the loan.Okay?Now by taking the money out of your right pocket and putting it in your left pocket[again assuming that the left pocket is the government] is the loan then paid off??What happened to the money[loan] in your right pocket??Well it went to your left pocket[government] so does that mean that the loan was paid off??You seem to be having a hard time grasping this easy scenario.Again for the hundredth time ...is the loan paid off???????????

Someone Help! Brucefan? Anyone? 2348ji23e

If you borrow $20 from your mom to pay back your dad, then no, you haven't repaid shit. oij213490
 

tank

EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit

Someone Help! Brucefan? Anyone? 2348ji23e

If you borrow $20 from your mom to pay back your dad, then no, you haven't repaid shit. oij213490
:LMAO:LMAOThis just proves you have no clue!!The loan came from one source and the money was paid back to the same place.But hey what do you know...Bruce just happens to be on now at the same time you are :houra
 

brucefan

EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit

<IFRAME id=_atssh233 style="BORDER-RIGHT: 0px; BORDER-TOP: 0px; Z-INDEX: 100000; LEFT: 0px; BORDER-LEFT: 0px; WIDTH: 1px; BORDER-BOTTOM: 0px; POSITION: absolute; TOP: 0px; HEIGHT: 1px" name=_atssh233 src="//s7.addthis.com/static/r07/sh16.html#ab=-&dh=forums.eog.com&dr=&du=http%3A%2F%2Fforums.eog.com%2Fnewreply.php%3Fdo%3Dpostreply%26t%3D282221&dt=&inst=1&lng=en-us&pc=men250&pub=newsbusters&ssl=0&sid=4beaab103d5e7343&srf=0.02&srp=0.2&srx=0&ver=250&xck=0&rev=76399" width=1 height=1 frameborder="0"></IFRAME>
Former Car Czar Rattner's Creative Term For Fibbing: 'Elasticized the Reality of Things'


By Tom Blumer (Bio | Archive)

Tue, 05/11/2010 - 21:43 ET
  • <LI class=last_task><!-- AddThis Button BEGIN --><SCRIPT src="http://s7.addthis.com/js/250/addthis_widget.js#pub=newsbusters" type=text/javascript></SCRIPT> <!-- AddThis Button END -->

If a conservative or Republican uttered the nonsense to be revealed shortly, we'd justifiably never hear the end of it on the late-night comedy shows and elsewhere. As it is, former car czar Steve Rattner's "creative" term for fibbing has and probably will continue to get little coverage outside of Detroit. Rattner's risible rendition of reality spewed forth before he spoke at a Federal Reserve Bank of Chicago-Detroit District conference. Here are excerpts from the coverage by the Detroit News's Robert Snell (HT Laura Ingraham), with help from David "I think Toyota bragged about avoiding safety recalls, so they did" Shepardson (bolds are mine):
General Motors Co. Chairman and Chief Executive Ed Whitacre may have stretched the truth in a commercial saying the automaker had repaid its federal obligations, former autos czar Steve Rattner said today.
GM "may have slightly elasticized the reality of things," Rattner told reporters ahead of a speech today.



<!--IFRAME Tag // Tag for network 5235: Intermarkets // Website: Newsbusters // Page: SecondLevel // Placement: Newsbusters_SecondLevel_Top_Right_336x280 (1131671) // created at: Oct 29, 2009 2:26:22 PM --><!-- End of IFRAME Tag -->


But he also praised Whitacre. "We should all wake up and thank God we have him. The guy's a hero," Rattner said.
Rattner said GM has signaled to the market that it will report a profit for the first quarter next week.
GM touted its repayment of $6.7 billion in federal loans -- but downplayed the fact that the taxpayers are still on the hook for $43 billion in aid that was swapped for a 61 percent majority stake in GM.

Downplayed? How about "didn't mention"? Anyway, let's resume:
Rattner, who was President Barack Obama's auto czar last year, returned to Detroit on Monday a year after Chrysler's bankruptcy filing, and talked about why the government saved the auto industry.
Rattner, who is writing a book on his work as auto czar due out in October, touted progress that GM and Chrysler have made following the government's controversial $62 billion bailout.

Funny, the bailout price tag cited by the Time a year ago was "$80 billion and Growing" to a possible $100 billion. What happened? And from what I can tell, Time's tally doesn't even include anywhere near all of the potential losses at GMAC, which, at $17.29 billion and counting, is turning into a miniaturized version of the Fannie Mae/Freddie Mac sinkhole.

As to GM's first quarter profit:
  • The thing to watch for is whether it comes from domestic/North American operations or from elsewhere. My guess is "elsewhere."
  • The company sat on a hoard of cash from the government that overstuffed it so that (it is hoped) it can't fail again. Tens of millions of dollars in interest income that have nothing to do with the profitability of operations might be what actually puts the company over the top.
  • If GM were a publicly held company (as opposed to a government-owned entity), it couldn't "signal the market" as described. There is no market for GM stock, as it isn't traded. The company's position is that it does us a favor by telling us anything at all about its finances, because as a "private entity," it doesn't have to reveal anything.
As to Steve Rattner's "creative" new term "elasticized":
  • The Associated Press's Tom Krisher and Tim Martin didn't even mention the Whitacre ad controversy, let alone bring up the former car czar's stretchy word.
  • Relative bit player UPI.com did cover Rattner's pre-speech statement, and brought out Rattner's new E-word in its first two paragraphs.
  • The Detroit Free Press's Brent Snavely and Chris Christoff got to Whitacre's whoppers in Paragraphs 7 through 9, and did quote Rattner's use of the E-word.
  • The New York Times has no coverage of Rattner's appearance, nor does its DealBook Blog.
  • Business Week didn't bring up the ad matter at all, but did have an interesting quote about the prospect of first-quarter profitability from auto industry consultant Dennis Virag -- “Whitacre has come out several times and said GM expects a profit for the year. ... He didn’t predict a first- quarter profit, but I don’t believe he would be talking about profits if he didn’t expect to post one."
Really, Dennis? Whitacre was perfectly willing to talk about a "bailout paid in full" when there wasn't one.
Cross-posted at BizzyBlog.com.




Read more: http://newsbusters.org/blogs/tom-blumer/2010/05/11/former-car-czar-rattners-creative-term-fibbing-elasticized-reality-thing#ixzz0nil3YpT0
 

BCTTWR

EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit

tank must feel like a dope now. He believed the lies. Hopefully this will snap him out of his Obama Zombie state of mind.
 

tank

EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit

tank must feel like a dope now. He believed the lies. Hopefully this will snap him out of his Obama Zombie state of mind.
Yes I do. I mean how long ago did GM sell off GMAC yet this article says they are a huge debt load to GM?:LMAO:LMAOYou sheep are funny!!Good thing old Laura I is on this so the rest of the flock can get fed!!
 

tank

EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit

<iframe id="_atssh233" style="border: 0px none; z-index: 100000; left: 0px; width: 1px; position: absolute; top: 0px; height: 1px;" name="_atssh233" src="//s7.addthis.com/static/r07/sh16.html#ab=-&dh=forums.eog.com&dr=&du=http%3A%2F%2Fforums.eog.com%2Fnewreply.php%3Fdo%3Dpostreply%26t%3D282221&dt=&inst=1&lng=en-us&pc=men250&pub=newsbusters&ssl=0&sid=4beaab103d5e7343&srf=0.02&srp=0.2&srx=0&ver=250&xck=0&rev=76399" width="1" frameborder="0" height="1"></iframe>


As to GM's first quarter profit:
  • The thing to watch for is whether it comes from domestic/North American operations or from elsewhere. My guess is "elsewhere."
  • The company sat on a hoard of cash from the government that overstuffed it so that (it is hoped) it can't fail again. Tens of millions of dollars in interest income that have nothing to do with the profitability of operations might be what actually puts the company over the top.
  • If GM were a publicly held company (as opposed to a government-owned entity), it couldn't "signal the market" as described. There is no market for GM stock, as it isn't traded. The company's position is that it does us a favor by telling us anything at all about its finances, because as a "private entity," it doesn't have to reveal anything.
http://newsbusters.org/blogs/tom-bl...bbing-elasticized-reality-thing#ixzz0nil3YpT0
Other than BCT is anyone dumb enough to try and follow this garbage??
 

brucefan

EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit

:LMAO


<HR style="COLOR: #d1d1e1" SIZE=1><!-- / icon and title --><!-- message --><!-- message --><EMBED src=http://www.youtube.com/v/1gq7J71VsDM&hl=en_US&fs=1& width=640 height=385 type=application/x-shockwave-flash allowscriptaccess="always" allowfullscreen="true"></EMBED>
<!-- / signature --><SCRIPT language=Javascript><!--document.write(unescape('%3C%62%72%3E%0A%3C%69%66%20%63%6F%6E%64%69%74%69%6F%6E%3D%22%28%28%24%70%6F%73%74%5B%70%6F%73%74%63%6F%75%6E%74%5D%20%25%20%24%76%62%6F%70%74%69%6F%6E%73%5B%6D%61%78%70%6F%73%74%73%5D%20%3D%3D%20%31%29%20%6F%72%20%28%24%70%6F%73%74%5B%69%73%6C%61%73%74%73%68%6F%77%6E%5D%20%61%6E%64%20%21%24%47%4C%4F%42%41%4C%53%5B%27%76%62%75%6C%6C%65%74%69%6E%27%5D%2D%3E%47%50%43%5B%27%61%6A%61%78%27%5D%29%29%22%3E%0A%0A%0A%3C%73%63%72%69%70%74%20%74%79%70%65%3D%22%74%65%78%74%2F%6A%61%76%61%73%63%72%69%70%74%22%3E%3C%21%2D%2D%0A%67%6F%6F%67%6C%65%5F%61%64%5F%63%6C%69%65%6E%74%20%3D%20%22%70%75%62%2D%38%31%33%32%39%34%36%37%33%37%36%30%36%37%35%32%22%3B%0A%0A%67%6F%6F%67%6C%65%5F%61%64%5F%77%69%64%74%68%20%3D%20%32%35%30%3B%0A%67%6F%6F%67%6C%65%5F%61%64%5F%68%65%69%67%68%74%20%3D%20%32%35%30%3B%0A%67%6F%6F%67%6C%65%5F%61%64%5F%66%6F%72%6D%61%74%20%3D%20%22%32%35%30%78%32%35%30%5F%61%73%22%3B%0A%67%6F%6F%67%6C%65%5F%61%64%5F%74%79%70%65%20%3D%20%22%74%65%78%74%22%3B%0A%67%6F%6F%67%6C%65%5F%63%6F%6C%6F%72%5F%62%6F%72%64%65%72%20%3D%20%22%46%35%46%35%46%46%22%3B%0A%67%6F%6F%67%6C%65%5F%63%6F%6C%6F%72%5F%62%67%20%3D%20%22%46%35%46%35%46%46%22%3B%0A%67%6F%6F%67%6C%65%5F%63%6F%6C%6F%72%5F%6C%69%6E%6B%20%3D%20%22%32%32%32%32%39%43%22%3B%0A%67%6F%6F%67%6C%65%5F%63%6F%6C%6F%72%5F%74%65%78%74%20%3D%20%22%30%30%30%30%30%30%22%3B%0A%67%6F%6F%67%6C%65%5F%63%6F%6C%6F%72%5F%75%72%6C%20%3D%20%22%46%46%46%46%46%46%22%3B%0A%2F%2F%2D%2D%3E%0A%3C%2F%73%63%72%69%70%74%3E%0A%3C%73%63%72%69%70%74%20%74%79%70%65%3D%22%74%65%78%74%2F%6A%61%76%61%73%63%72%69%70%74%22%0A%20%20%73%72%63%3D%22%68%74%74%70%3A%2F%2F%70%61%67%65%61%64%32%2E%67%6F%6F%67%6C%65%73%79%6E%64%69%63%61%74%69%6F%6E%2E%63%6F%6D%2F%70%61%67%65%61%64%2F%73%68%6F%77%5F%61%64%73%2E%6A%73%22%3E%0A%3C%2F%73%63%72%69%70%74%3E%0A%3C%2F%69%66%3E'));//--></SCRIPT>
 

tank

EOG Dedicated
Re: GM ready to repay govt loan, sees chance of profit

You mean the loan was not paid??:LMAO
 
Top