taxpayers taking $40 billion hit on gm.

[I invented that]

GM hands out $330 million in bonuses to 55,000 employees, tax payers lose $40 billion. the best part is GM doesn't have to pay any income taxes so we get dp'd. obama is a brilliant businessman.

http://247wallst.com/2012/12/21/work...ses-this-year/

[newcastlefan]

So much for the governments attempt at venture capitalism


http://www.zerohedge.com/news/2012-1...-stake-50-loss

what a spare 40 billion after 3 trillion?

[I invented that]

what a spare 40 billion after 3 trillion?

"A billion here, a billion there, pretty soon, you're talking real money." i had to update the quote because of inflation.

[SiriusDawg]

GM hands out $330 million in bonuses to 55,000 employees

Sounds like a fantastic Republican corporation thriving in the American way!

[I invented that]

Gm's profit down 36% in 2012. Obama is a brilliant man.

[SiriusDawg]

Gm's profit down 36% in 2012. Obama is a brilliant man.

GM's revenue in the fourth quarter rose 3 percent to $39.3 billion, above the $39.15 billion analysts had expected.
Net income at the Detroit company almost doubled to $892 million, or 54 cents a share, from $472 million, or 28 cents a share, a year earlier.

http://www.reuters.com/article/2013/...91D1CV20130214

Yeah, stupid Obama for allowing a Corporation to make millions while thousands keep their jobs

[I invented that]

http://www.reuters.com/article/2013/...91D1CV20130214

Yeah, stupid Obama for allowing a Corporation to make millions while thousands keep their jobs

I stand corrected, 36% decline in profit is good as long as revenue is up. You'd be a great ceo.

[SiriusDawg]

I stand corrected, 36% decline in profit is good as long as revenue is up. You'd be a great ceo.

I agree. GM needs to take the righties way to heart and start fudging the numbers

[I invented that]

I agree. GM needs to take the righties way to heart and start fudging the numbers

I think you need a nap, you make no sense. What fudging are you talking about? Show all work.

[SiriusDawg]

I think you need a nap, you make no sense. What fudging are you talking about? Show all work.

[I invented that]

You proved you can use google images. So?

[Bosch76]

I stand corrected, 36% decline in profit is good as long as revenue is up. You'd be a great ceo.

You wouldn't. Sounds like a typical vulture capitalist. Ignore research and development, investment in new products, etc. "Let's just squeeze every fucking dollar from this thing!!!"

[MatthewT]

You wouldn't. Sounds like a typical vulture capitalist. Ignore research and development, investment in new products, etc. "Let's just squeeze every fucking dollar from this thing!!!"

yeah, crony capitalism has such an awesome R&D record