I can't believe I have wasted time replying to you as though you had some sort of intelligence when it came to politics.
I have been played and am embarrassed.
Are you better off than you were four years ago?
- Thread starter Duff Miver
- Start date
I can't believe I have wasted time replying to you as though you had some sort of intelligence when it came to politics.
I have been played and am embarrassed.
Hmmmm.
GM IPO Nov 17, 2010 ----$33 per share.
Peaked at $39 a month later----
Fast forward to today-----$23 per share.
GM jobs safe? Maybe, maybe not.
GM's problems are that it's products are not profitable enough to justify it's worker-related expenses.
The nationalization of GM by Pres Obama did not change that as the union contracts were not re-worked. GM got a massive cash infusion which it is currently burning through.
Pres Obama claims he saved 1.5 million jobs when he saved the US auto industry.
And says Romney would have allowed the industry to fail and go bankrupt.
Sounds nice but not REALLY true - a structured bailout and reorganization is what Romney advised;
where Chrysler and GM would have continued to operate during their bankruptcy phase, contracts would be renegotiated, executives would change, debt and interest payments would be suspended or cut and the company would be put on firm footing to re-emerge from bankruptcy, capable of surviving on it's own.
As it is now, hardly anything has changed and it will probably soon need another cash infusion or face bankruptcy again.
If GM were a human, Muff would argue that it could be aborted as it can not survive on it's own, as is.
GM IPO Nov 17, 2010 ----$33 per share.
Peaked at $39 a month later----
Fast forward to today-----$23 per share.
GM jobs safe? Maybe, maybe not.
GM's problems are that it's products are not profitable enough to justify it's worker-related expenses.
The nationalization of GM by Pres Obama did not change that as the union contracts were not re-worked. GM got a massive cash infusion which it is currently burning through.
Pres Obama claims he saved 1.5 million jobs when he saved the US auto industry.
And says Romney would have allowed the industry to fail and go bankrupt.
Sounds nice but not REALLY true - a structured bailout and reorganization is what Romney advised;
where Chrysler and GM would have continued to operate during their bankruptcy phase, contracts would be renegotiated, executives would change, debt and interest payments would be suspended or cut and the company would be put on firm footing to re-emerge from bankruptcy, capable of surviving on it's own.
As it is now, hardly anything has changed and it will probably soon need another cash infusion or face bankruptcy again.
If GM were a human, Muff would argue that it could be aborted as it can not survive on it's own, as is.
