Business

Is GM Really Going to Go Bankrupt Again?

Louis Woodhill at Forbes seems to think so:

President Obama is proud of his bailout of General Motors. That’s good, because, if he wins a second term, he is probably going to have to bail GM out again. The company is once again losing market share, and it seems unable to develop products that are truly competitive in the U.S. market.

He’s right about the president being awfully proud of “rescuing” GM. Remember this from last week?

And on Monday when GM’s stock fell 0.3 percent to $20.47 a share, TheBlaze noted the following:

Considering that the feds still hold 500 million shares of GM stock, they’d have to find a way to offload them for about $53 apiece to recover the $49.5 billion spent in bailing out the troubled automaker. But if the stock continues to stay where it is, this means that the feds will end up posting a loss of more than $16 billion on bailing out GM.

Because of this dive in stock price, the Treasury Department was forced to revise its projected bailout losses upwards to $25.1 billion from $21.7 billion — an increase of 15 percent.

“It’s doubtful that the Obama administration would attempt to sell off the government’s massive position in GM while the stock price is falling.  It would be too embarrassing politically. Accordingly, if GM shares continue to decline, it is likely that Obama would ride the stock down to zero,” Woodhill writes.

“GM is unlikely to hit the wall before the election, but, given current trends, the company could easily do so again before the end of a second Obama term,” he adds.

He provides some additional perspective:

In the 1960s, GM averaged a 48.3% share of the U.S. car and truck market. For the first 7 months of 2012, their market share was 18.0%, down from 20.0% for the same period in 2011. With a loss of market share comes a loss of relative cost-competitiveness.  There is only so much market share that GM can lose before it would no longer have the resources to attempt to recover.

So, is this what being “rescued” looks like?

Final Thought: Hot Air’s Erica Johnson reminds us of the following quote:

If General Motors, Ford and Chrysler get the bailout that their chief executives asked for on Tuesday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed.

[…]

Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course — the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check. …

The American auto industry is vital to our national interest as an employer and as a hub for manufacturing. A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs.

You know who said that? Republican presidential candidate Mitt Romney said that. If Woodill is proven correct and GM continues its steady decline in value, how much do you think this will affect the Romney and Obama campaigns?

Follow Becket Adams (@BecketAdams) on Twitter

Click here to read the full Forbes article.

Front page photo source: The Associated Press. This story has been updated.

Comments (279)

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  • Do The Right Thing
    Posted on August 16, 2012 at 10:17pm

    I’m 54. Today I went to my local Chrysler dealer snooping around. A salesman came out and stopped me and told me what great deals he had for me. I simply said that I was looking for a 2 door automobile. He sez he has Challengers, I mentioned that I was driving an Aurora, and that I liked the performance and ride quality, but was all done with 4 door cars. He sez, I have here a turbocharged Dart, with a stick shift and a tiny engine, looked to me like a Yugo with an eating disorder. At this point, I said to myself, he must be deaf, My Aurora has a 32 valve v8, has a decent ride, and would like to see a 2 door car, that is comparable, I tell him my previous car was a Riviera, does that give him an idea what I like. He sez, he has a great rebate on a pickup truck. I said I have a pickup truck, but I am selling my Aurora, and am looking for a car. He sez, you sure are a tough customer???!!! I said, if manufacturers built a car that a babyboomer would enjoy driving, I’d buy it, I felt like I was in Hitlers Germany, and was being shown Volkswagen beetles. We parted with a wary distrust of one another. I may end up with an Eclipse, it will be the first non American engineered vehicle I’ve ever purchased, it saddens me.

    Report Post » Do The Right Thing  
    • NOT A CRAZY
      Posted on August 16, 2012 at 10:35pm

      I hear your pain. It is a sad America we live in. Very sad.

      Report Post » NOT A CRAZY  
    • Brother Winston Smith
      Posted on August 16, 2012 at 10:59pm

      Yup. We have quite a paradise the leftist democrats and leftist republicans have built.

      Report Post » Brother Winston Smith  
    • TruthHurts
      Posted on August 16, 2012 at 11:07pm

      Ummm, so you wanted a 2 door V8 powered car… and he wanted to show you a Challenger which is a 2 door V8 powered car. What was the problem with looking at the Challenger which is built on the same chassis as a Charger or Chrysler 300 so it is pretty big, looks good and has a very advanced Hemi V8 option.. in fact, 2 Hemi V8 options and a V6 that makes a lot more power than your Oldsmobile (300hp vs. 250 for your Olds)?

      Report Post »  
    • v15
      Posted on August 16, 2012 at 11:26pm

      A Mitsubishi Eclipse?!? Don’t do it!! Inferior quality!! I suggest an E class Benz.

      Report Post » v15  
    • termyt
      Posted on August 16, 2012 at 11:38pm

      You realize Chrysler is owned by Fiat now, right? Bailed out Chrysler so the Italians could take it.

      Report Post »  
    • TreeTrimmerJim
      Posted on August 16, 2012 at 11:45pm

      Our nation’s economic problems begin in the public school years ago when public schools went standardized. Education solves problems. Standardized education is like a universal tool, does not work well for any specific job.

      Would student learning to create a new or grow or improve a business knowingly make the task tougher with more and more regulations? When students learn to be self sufficient in school they will elect people to represent them that know how to be self sufficient.

      Repeal the 17th amendment, send a few more lobbyist home. Keep some of our representation from trading their votes for campaign donations.

      Get on our representations butt over creating regulations to protect a big campaign downer’s business from competition. Teach business in school so the student will understand the impact of regulations on business, the number of government employees it takes per page of government regulation. Show the correlation between government regulations and the public’s wallet. We the people pay for every regulation… no one else.

      Report Post » TreeTrimmerJim  
    • Eleutheria
      Posted on August 17, 2012 at 12:28am

      Toyota makes a fine automobile.

      Report Post » Eleutheria  
    • woodyee
      Posted on August 17, 2012 at 12:29am

      BUY AMERICAN – get either a Ford or a Toyota…

      ;-)

      Report Post » woodyee  
    • JUSTANOTHEROPINION
      Posted on August 17, 2012 at 12:33am

      @ DO THE RIGHT THING, your the idiot in the very story you just made up here.

      Report Post »  
    • docgreen
      Posted on August 17, 2012 at 12:41am

      Please lets think about this! Baine comes in and invests money into Corporations like this and then tries to get the company to to make money; investing Banes money! Or let the President step in knowing full well we can’t compete with othe Auto makers. Why, because Labor cost is two to three times that of Non Union! And they cant seem to figure this out or get out of Debt? So let Baine invest its own money; or throw Tax Payers money on a Flaming Fire so the F-ing Unions can make more money and give more to the Democrats? What would we do? Let the Unions Fall in Bankruptcy, then let Baine step in and invest its Own Investers money to Salvage it! P.S. Does anyone remember Money getting sent overseas for Investments? Was that GM? Romney/Ryan plaese step forward and let the People know about this! Those Gm Union Workers will lose money and some may be layed off; but on the Other hand, It would be back up and running and people could get their jobs back! Yes, they’ll lose money! But on the other hand if we dont, lets just say it’ll be like the post office, amtrack, like all the other Govt. programs we keep bailing out! Over and over and over and over!…. You get it!

      Report Post »  
    • ChuckJ
      Posted on August 17, 2012 at 12:50am

      Buy Ford

      Report Post »  
    • Apple Bite
      Posted on August 17, 2012 at 12:54am

      Just a side question for ya, Do the Right Thing…..

      Is that RF-4 of the Zweibrucken variety?

      Report Post » Apple Bite  
    • Jaycen
      Posted on August 17, 2012 at 1:46am

      God, please let GM fail. The unions need to be purged from American manufacturing.

      Report Post » Jaycen  
    • ThoreauHD
      Posted on August 17, 2012 at 2:53am

      BMW 1M or 6 series or E-Class Merc would be what you’re looking for. Never buy new, but make sure it’s under warranty. There are no American cars in mass production with that profile and power.

      If you are going foreign, go German. You have no idea what your missing driving only new American cars. Just test drive some at the dealership and autotrader for a CPO’d under warranty.

      Report Post » ThoreauHD  
    • sillyfreshness
      Posted on August 17, 2012 at 3:11am

      I don’t believe in using taxpayer money to bailout any private business. However, I’m more “okay” with bailing out an automobile corp rather than a bunch of “chosen people” run banks. Banks don’t make anything, they are just like leaches. At least automobile plants produce a tangible product, not just some sheets of paper with numbers on it. Don’t buy a Toyota, their quality has gone down hill over the last few years and they raised their prices a while back as a favor to the American automobile manufacturers to be less competitive. They really said that. They thought their cars were too cheaply priced and raised the prices. Look at buying a Ford. Ford is a solid company that makes dependable products.

      Report Post » sillyfreshness  
    • lukerw
      Posted on August 17, 2012 at 3:24am

      GM is dying… and placing it’s Assets in Foreign Nations… as part of the Obama Repayment Plan!

      They hate the US!

      Report Post » lukerw  
    • DELTAJOHN
      Posted on August 17, 2012 at 5:46am

      And what is wrong with a 305 HP 30 MPG Mustang with a V-6?
      Remember, no bailouts either!

      Report Post » DELTAJOHN  
    • IZJ
      Posted on August 17, 2012 at 5:47am

      You should have just told him you’ll take the Ford T. The black one.

      Report Post »  
    • mersey
      Posted on August 17, 2012 at 6:53am

      You should really look into one of those ‘oh so cute’ little Chevy Volts. Every car is designed with the “you didn’t build that” Government Motors quality assurance and all models feature the brand new Obama/Biden 2012 “Gonna Put Y’all Back In Chains” bumper sticker and a Starbuck’s Latte flip down drink holder, because any progressive worth their salt wouldn’t be caught dead with a coffee from 7-11. Hurry now and get that $15,000 rebate for buying a Chevy Volt sponsored by the 50% of Federal income tax payers. They don’t mind donating their hard earned money towards your new inferior automobile. America, what a country!

      Report Post » mersey  
    • Mojoron
      Posted on August 17, 2012 at 8:22am

      I don‘t think at all that the problem with GM’s balance books is that they don’t have good products or products that people want. They’re inability to sell products is totally predicated on them being bailed out by the government and that only the union demands were satisfied rather than going through bankruptcy and starting over. I know many people that have purchased Ford‘s based entirely on the premise that GM’s shareholders got screwed in the deal. Many retirement plans had GM stock in them, including union pension plans and they all lost their ass when GM stock went to zero. It will be a cold day in hell before I or any of my family purchases a GM product, including a used car.

      Report Post » Mojoron  
    • Mango Mangone
      Posted on August 17, 2012 at 8:54am

      Honda makes a nice 2 door Accord. It will run rings around your Aurora and is very plush inside. Considering you have kept an Aurora running this long, with the same care the Honda will be the last car you’ll have to buy.

      Report Post » Mango Mangone  
    • TheLeftMadeMeRight
      Posted on August 17, 2012 at 10:08am

      Yo so Silly said;

      “Banks don’t make anything, they are just like leaches. At least automobile plants produce a tangible product, not just some sheets of paper with numbers on it.”

      Q: How do you think 99% of the automobiles get sold in this country?

      Ah…

      A: with a piece of paper saying the bank will borrow the money to you so you can buy that “tangible product”

      Report Post » TheLeftMadeMeRight  
    • LICENSEDTOCARRY
      Posted on August 17, 2012 at 10:09am

      Your story is just that. One big lie from start to finish.

      Report Post »  
    • lawrench
      Posted on August 17, 2012 at 10:18am

      I am a long time lover of GM SUV’s/Trucks. Since as a taxpayer I own so much of GM, and the government has directed what the company is to build, I cannot find a way to purchase a GM product. For the first time in several years, I decided to buy a Ford. Why you may ask? Ford did not require or need to be bailed out. Ford took it among themselves to renegotiate with the Unions and restructure their designs and styles. Ford actually practiced good business practices to grow for the future. GM and Chrysler did not look to their future, and look at what happened. I personally do not mind how much a person makes, but do know that Unions take advantage of labor and fight for the people that maybe do not produce. In my opinion, Unions are a corporation within a corporation. They (Unions Leadership) get paid to negotiate contracts. An individual could pay a lawyer to do the same thing at a much cheaper price. But Unions do something else, they manipulate politics not for the members, but for themselves. Do you really think that the Presidents of Unions really care about their members? All they care about is their pay and their benefits and their lives. GM and Chrysler allowed themselves to be manipulated by the unions and Ford was able to manipulate the Unions so that Ford could stay in business. The UAW will not exist if they continue to take from the manufacture, that is why so many companies move overseas to stay in business.

      Report Post » lawrench  
    • JRook
      Posted on August 17, 2012 at 10:54am

      Only Beckett would refer to a .3% move in a stock price as, “this dive in stock price”. But of course Agenda drives truth in terms of selective reports, report content and context.

      Report Post »  
    • Yeah_Buddy
      Posted on August 17, 2012 at 11:21am

      But our Entertainer-in-chief said he saved the US auto industry, so therefore it must be true.
      Quit lying about GM doing bad, eh!

      Report Post »  
    • Walkabout
      Posted on August 17, 2012 at 11:22am

      Mojoron

      Do you have a list of pension funds that lost money when Obama waved his wand & acted fooolishly & illegally?

      I will either buy a Ford or a foreign car for my next car. My last 2 cars were GM. No longer.

      Report Post »  
    • Walkabout
      Posted on August 17, 2012 at 11:27am

      Obama screwed the teachers!

      “union pension funds, like the Federated Teachers Association ”

      “Private secured investors were given a settlement agreement at the rate of 29 cents on the dollar *Note: these “private investors” also included investment funds composed of other union pension funds, like the Federated Teachers Association – which naturally screamed murder and went to court – where they failed to find relief – looks like the Obama administration and the UAW had more clout”

      http://gaanderson.hubpages.com/hub/Obama-General-Motors-GM-Tarp-Bailout-Untold-Details

      Report Post »  
    • Walkabout
      Posted on August 17, 2012 at 11:37am

      The comment below makes a lot of sense.

      “The industry still needed to be stopped from being dismantled. And the management put in place hasn’t done too badly. The stock price is irrelevant. It would be a good thing if all stock prices fell, because it would indicate a drop in inflation. The problem from the beginning has been how to distribute the loss from deleveraging, not how to keep it from happening. A bankruptcy might well have accomplished the purpose better. The same applies to the mortgage securities, and, of course, the CDS”.- posted by REMant

      http://www.thenewamerican.com/economy/sectors/item/12469-auto-bailout-now-forecast-to-lose-$25-billion-%E2%80%94-and-counting

      Report Post »  
    • Walkabout
      Posted on August 17, 2012 at 11:40am

      There were different choices to be made for the bailout or for reorganization to save the auto industry (e.g. bankruptcy). Maybe Romney could do it better (He supported the GM bailout). We do know Obama did it wrong & hasn’t learned. Michelle Bachmann was exactly right!

      The industry still needed to be stopped from being dismantled. And the management put in place hasn’t done too badly. The stock price is irrelevant. It would be a good thing if all stock prices fell, because it would indicate a drop in inflation. The problem from the beginning has been how to distribute the loss from deleveraging, not how to keep it from happening. A bankruptcy might well have accomplished the purpose better. The same applies to the mortgage securities, and, of course, the CDS. -REMant

      http://www.thenewamerican.com/economy/sectors/item/12469-auto-bailout-now-forecast-to-lose-$25-billion-%E2%80%94-and-counting

      Report Post »  
    • Doc John
      Posted on August 17, 2012 at 11:54am

      Why not look at a Fusion or a Taurus….privately made American cars :-)

      Report Post » Doc John  
    • Individualism
      Posted on August 17, 2012 at 12:17pm

      boycott them and let them collapse and all other companies that take a bailout, they steal your money and they shall feel the wrath of the consumer boycott.

      Report Post » Individualism  
    • PlowMan
      Posted on August 17, 2012 at 12:18pm

      Erica in the article is wrong, Ford did not take a bailout and has not ask for one. A fellow in this thread that made the comment about education. You are wrong about education, look back at some of the greatest inventions in the world and those people went to a country school and often times a one room school house.

      Report Post » PlowMan  
    • billybe123
      Posted on August 17, 2012 at 12:19pm

      Buy Ford! Only one that stood on its own!!

      Report Post » billybe123  
    • MIBUGNU2
      Posted on August 17, 2012 at 12:31pm

      NAAAAAAAAA !!! BO said we are doing just fine……

      Report Post » MIBUGNU2  
    • WesG
      Posted on August 17, 2012 at 12:39pm

      Did you even drive the challenger. I purchased one for my daughter it is a tank. My friend was so happy with hers he went out and bought an RT. Challenger is one of the best made vehicles looks good, drives well and handles accidents fairly well in the crash ratings. IE why I bought my daughter one. Much better than a smaller car its like a truck

      Report Post »  
    • MIBUGNU2
      Posted on August 17, 2012 at 12:52pm

      @NOT A CRAZY
      I hear your pain. It is a sad America we live in. Very sad.
      Please Look on the bright side……………………………………..
      WE have learned, NOT to let the MEDIA and Oprah Winfrey
      vet, the NEXT President of the United States.. HOPE the
      George Clooney Gang are SMART enough to see the light.
      of course Obama will be coming their way a couple of times
      between now and Nov. 6.. I HOPE they CHANGE the PIN #
      on his HOLLYWOOD account…cut this guy OFF, NOW..

      Report Post » MIBUGNU2  
    • thewatcher93
      Posted on August 17, 2012 at 12:52pm

      @ Do the right thing,

      I don’t know what your problem is, but based off of what you said in that story, it makes no sense. What was wrong with the challenger? It has a V8 like your Aurora, with the 5.7L it makes more HP than your Aurora, the V6 makes more HP than your Aurora, it has 2 doors, it is built on a mid size sedan chassy so it is comfortable to ride in, and it looks better than the Aurora and 75% of what is out there now. So I don’t get what you are complaining about or how a Eclipse is a better option.

      Report Post »  
    • stungun
      Posted on August 17, 2012 at 12:54pm

      FYI TruthHurts: Visibility in the Charger is horrible.

      Report Post »  
    • Mrtoohappy
      Posted on August 17, 2012 at 12:57pm

      Get the unions out and watch how the cars get better.

      Report Post »  
    • teddyc73
      Posted on August 17, 2012 at 1:10pm

      The first car he offered you was a 2 door V8 powered car. He offered you what you were looking for. That “sez” to me you were being a little unreasonable. Second, big V8 coupes comparable to the Riviera simply do not sell in large enough numbers so companies dont make them anymore. Just “sezing”. You’re condemning the entire U.S. auto industry because of one trip to a Chrysler dealership. That “sez” something about you.

      Report Post »  
    • MIBUGNU2
      Posted on August 17, 2012 at 1:16pm

      @Eleutheria
      Posted on August 17, 2012 at 12:28am
      Toyota makes a fine automobile.

      My TOYOTA has 200,000 going 3.. have it serviced every 5..
      I Don‘t drive like a F’N Idiot, racing from light to light. so I’M
      sure I will 300,000 miles out of it……Love my TOYO…

      Report Post » MIBUGNU2  
    • rolla020980
      Posted on August 17, 2012 at 1:26pm

      @Eleutheria

      Avoid Toyota at all costs. They do not honor their warranties and their new cars are junk. I had a Corolla that I bought brand new, got every oil change done on time or early, and at 32000 miles, it burned a quart of oil/week. Toyota said this is normal NORMAL!?!?!? The oil consumption got worse until, at 55000 miles, it ran dry in about 2 days, destroying the engine. Now, Toyota would not fix the oil consumption problem, and when the engine died, they put it on me and wanted to charge me $2000 just to diagnose the problem. I will never buy any of their pieces of crap again.

      Report Post »  
    • Shackleford
      Posted on August 17, 2012 at 1:55pm

      I also want to know the answer to TruthHurts’s question. You wanted a 2-door car and they showed you a Challenger which is a 2-door car. I found your story hard to follow because you led off with that being the first example and you didn’t even address why the car did not meet your expectations. Is it a wildly expensive sports car and you were looking for a basic car? Did you get the name mixed up with Charger? If so, the challenger still exists and still should have been shown to you. As for Chrysler I have no love for them after they killed the Dakota with that uglification redesign in 2005.

      Report Post » Shackleford  
    • johnjamison
      Posted on August 17, 2012 at 2:05pm

      Plowman,you are right some of our greatest minds came from tiny little school houses. But there was no grand spectacle that is our multimedia entertain systems. Todays distractionion is a thousands times that of the roman colosseum. In short the multimedia as done what t/v failed to do create a society ripe for tyranny’s growth. More over have you notice the glaring intellectual ability between those taught in the box one size fits all public schools and those home schooled. Some home school kids are average in most araes most in arae where they excel they troely do excel as they are forced to slow down so the class nitwit can catch up. In areas of advanced english literary form and function,and mathmatical theory they are America best and brightest. I have several costumers who within their church started a home school system and their kids are razor sharp. They’ll be college ready at least SAT wise by 15/16 years old. And they network with other home school groups around the country they say their kids are the norm for home school education. Public school is dying and there’s no doubt about that they lash themselfs to a sinking belief in multiculuralism/social justice which will only serve to keep tomorrow’s geniuses from maximizing their potential

      Report Post »  
    • docgreen
      Posted on August 17, 2012 at 2:08pm

      So let me get this straight all you gm/obama lovers? So explain how we can compete Worldly or just within the US, when the union employees are getting 75$ to 85$ dollars an hour to build a car and the Japanses and others ar paying 10$ an hour? And we question why GM’s losing money and needs another bail out? This is exactly how Romney made his money! Baine didn’t make it bu just going in and selling everything! They went in with Intelligent people, Spent Baine money and after years of Negative Numbers would then end up selling and piecing it out! They did not go in & say I’m going to liquidate everything! Thats why Baine has an 80% success rate with bringing companies out of Debt and making the company valuable! If that meant Kicking the union a-ses out. So be it! Lets ask the question like this. If GM goes Bankrupt and can not get out of Debt. Would those employees not lose Most of their pensions anyway? Maybe all of it? The Unions are a burden, but if Baine comes in & Invests money, gets rid of the Unions and pays pensions out like 30 cents on a dollar. And is also able to make a stronger and better company is that not better than letting Gm Close its doors? What gets me is these unions/union’s heads make millions! At the same time who gets union due’s? The Democraps!

      Report Post »  
    • Rational Man
      Posted on August 17, 2012 at 2:19pm

      TruthHurts
      Posted on August 16, 2012 at 11:07pm
      Ummm, so you wanted a 2 door V8 powered car… and he wanted to show you a Challenger which is a 2 door V8 powered car. What was the problem with looking at the Challenger which is built on the same chassis as a Charger or Chrysler 300 so it is pretty big, looks good and has a very advanced Hemi V8 option.. in fact, 2 Hemi V8 options and a V6 that makes a lot more power than your Oldsmobile (300hp vs. 250 for your Olds)?
      ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

      Sounds like to me that this was a customer problem, not a salesmen or Chrysler problem.
      And I don’t see the connection to the topic, which is GM still going bankrupt.

      Report Post » Rational Man  
    • Victory Not Vengeance
      Posted on August 17, 2012 at 3:35pm

      If you’re serious about getting an Eclipse, act fast. Mitsubishi has announced that they are pulling the Eclipse out of the US market.

      Report Post »  
    • mikeelikesit
      Posted on August 17, 2012 at 3:39pm

      I have to tell you guys about my experience ‘ with GM. I drove a Dodge 3/4 T Diesel ; for the last 368.000 miles . On June 20, I was involved in a n accident , and totalled ‘, the truck .

      Since I no – longer had a need for a powerful truck ; I bought a 2011 Silverado ,1/2 T ; with 6500 miles on it .

      I escort oversize loads , and had a load from IN. to Pa . During that trip ; the engine , just quit running , and died ‘, while I was with the oversize load .

      We would wait about ten mins. ,and keep trying ‘ , and it would start again .This happenned six ‘ times , on the trip to Pa.

      One time ,we were exiting the Freeway, and it died . So , since the load could not go on , without me behind it ; he had to stop on the off ramp .

      Then a state trooper , gives the driver a ticket , for blocking the off ramp . I’m setting back there , on the side of the road , trying to start this ( new ) truck ‘.

      It started , finally and we proceeded to our destination . On the way home , it let me set ‘ , three more times .
      When I got I got it into the dealer , they had to replace , the computer .

      The old Dodge ; with 368.000 miles ; had never let me set ‘, and this , ( new ) truck / Chevrolet ; let me set , on the side of the road ; nine times ; in two days . On fuel mileage ; the Dodge diesel , with twice the horsepower , and torque , would get 24 mpg , highway .

      The GM ‘ ; ‘ little truck ’ ; gets 18 mpg , highway ‘

      This ; ‘

      Report Post » mikeelikesit  
    • Justthefactsmam
      Posted on August 17, 2012 at 4:52pm

      Mustang GT 500…

      Report Post » Justthefactsmam  
    • BaltimoreJoe
      Posted on August 17, 2012 at 5:21pm

      Frankly you are crazy to consider a UAW built car. They take part of every dollar you give them to beat you at the poll. Why would you do that to yourself -and us?

      Honda, Toyota, Hundai, BMW and others make cars in the U.S. with U.S. non-UAW labor. I bought an Elantra, oldest bought a fully loaded Santa Fe. I hear ya but come on, it’d be like continuing to go back to Walmart if the greeter spit in your face and kicked you in the a$$ on the way by.

      Report Post »  
    • whileloop
      Posted on August 17, 2012 at 5:45pm

      Nice rhetoric. I really enjoyed reading it :)

      Report Post »  
    • whileloop
      Posted on August 17, 2012 at 5:47pm

      Nice rhetoric. I really enjoyed reading it.

      Report Post »  
    • Sorionc
      Posted on August 17, 2012 at 5:48pm

      You could buy a pre 1995 eclipse/eagle talon/plymouth laser, All wheel drive, turbo, 300hp, corvette smokin, 2 door made in the good old USA! And I personally guarenty you love it or I’ll buy it from you.

      Report Post »  
    • realistic_01
      Posted on August 17, 2012 at 5:49pm

      @truthhurts @rational man

      The Challenger is a 4-door car. It was brought back and made a 4-door to appeal to thirty-something, “I always wanted one of those” types, but that now have a family, and need a 4-door. It was a 2-door back in its heyday, the late 60s-early 70s.

      You two should get a job at Chrysler. Maybe you could sell him a Gremlin.

      Report Post »  
    • Sorionc
      Posted on August 17, 2012 at 5:52pm

      You could buys pre 1995 eclipse/eagle talon/Plymouth laser, all wheel drive, turbo, 300hp, corvette eating, 2 door! Made in the good old USA. I bet you love it or I’ll buy it from you!

      Report Post »  
    • realistic_01
      Posted on August 17, 2012 at 5:52pm

      Never mind. I was thinking of the Charger.

      Report Post »  
    • saranda
      Posted on August 17, 2012 at 8:13pm

      @v15 – an e class Benz? Do you run a European based cab company?

      Report Post »  
    • EthanNDomsMom
      Posted on August 17, 2012 at 8:20pm

      I’m so tired of hearing about how Ford (found on road dead!) is the only company that didn’t take a bail out. BS! They had their “bailout” a few years back, you know – before anyone knew Obama existed and before it was called a bailout!
      We have only Chrysler products. Husband works for the company, builds wonderful Dodge Ram trucks in Detroit. There’s nothing quite like hearing our 5 year old get excited every time he sees a Ram and yell “my daddy built that truck!”
      In the past, before I was married, I had a Ford (POS), a GM/Chevy (really good car that lasted for 18 yrs) and a Hyundai that died before it was a year old. Chevy doesn’t make anything like they used to, I wouldn’t take a free Ford product, I’ll stick with our Chryslers. Both of ours at least 10 yrs old, paid off now and still run quite nicely with normal up-keep. I can’t complain about them at all and being that we drive a mini-van to suit our kids, there’s really no other choice unless we want to buy foreign. Hell no, we’re not buying foreign!

      Report Post » EthanNDomsMom  
    • petersenonmain
      Posted on August 17, 2012 at 8:36pm

      With the “help” of Obama GM has managed to build a lot of new designs that nobody wants. What Obama did to bond holders, which was mainly retirement pension funds, by screwing all the debt holders and giving his buddies, the unions a free pass.

      If GM had of gone through a normal bankruptcy GM would have reorganized and been way ahead. Instead we’re talking about another bankruptcy.

      Report Post »  
    • Freelyn
      Posted on August 17, 2012 at 9:26pm

      How about a Ford Mustang????
      http://www.ford.com/cars/mustang/

      Report Post »  
    • Chief Joe
      Posted on August 18, 2012 at 7:57am

      Seems to me you overlooked the FORD dealership. No Bailout money, Oh and they make some decent 2 door CARS, not just the best selling truck on the road.

      Report Post » Chief Joe  
    • vadale
      Posted on August 18, 2012 at 9:30am

      My dad used to blame the unions, but they are just building what they are told. However, this democrat support of unions that then turn around and vote dems into office, has produce a crime circle. The article is false from the start. GM didn’t go bankrupt. They were stolen from the investors and given to the unions. Nothing short of a criminal investigation is needed. After Eric Holder is out of course.

      Report Post »  
    • old white guy
      Posted on August 18, 2012 at 9:40am

      FORD……need i say more???

      Report Post »  
    • sophillyjimmy
      Posted on August 18, 2012 at 12:34pm

      Right Thing, I would hate to burst your bubble, but Mitsubishi‘s aren’t known for having the best engines in the auto industry, their engines blow more then a 5 dollar ****** on crack I don’t think Mitsubishi ever got out of their WW2 mentality since they built the kamakaze planes that engines that were on a one way flight so it was not important for their engnes to hold up for the retun trip.
      It is your hard earned cash to decide what new car you want to buy, but if I may suggest a six cylynder 320 hp mustang you will get the best ot two worlds, a coupe with enough horse power and plenty of American pony car styling at an affordable price
      Good luck with whatever you purchase.

      Report Post »  
    • mr.goodvibe
      Posted on August 18, 2012 at 3:34pm

      Just bought my second Hyundai, I was a GM man through and through growing up, after they and CHrysler took corporate welfare, my next choice was Ford, my employer has Ford fleet vehicles, Fusions, they have had many problems with chinese wheel studs breaking off, ford trucks on the other hand are pretty bullet proof. I already had a Ford pickup and was looking for a car. I traded in my 06 Sonata for a 12 elantra 4 dour touring, it gets 36 hwy and 29 city, has great standard equipment, sattelite radio, power everything, except seats, it rides like a caddy and the steering is as tight as a beemer, the warranty is 10yr/100,000 miles on everything except struts, tires, brakepads and mufflers, 5 year roadside assistance free and none of the reimbursment crap, they pay with credit card. All that for 17,000. I drove a Nissan Versa on a recent business trip, same year, the trim was falling off, the car rattled with every bump and the thing rode like a go cart. The car is made in South Korea, they build a lot here too.

      http://www.bloomberg.com/news/2011-04-15/hyundai-kia-s-u-s-car-factories-run-overtime-as-toyota-pares-production.html

      Report Post » mr.goodvibe  
  • OuttheSocialist
    Posted on August 16, 2012 at 10:13pm

    The government could go a long way in making GM profitable by lifting a lot of those EPA restrictions and mandatory auto-emissions standards that they have to meet in the next few years. Cars are overpriced and the only way to make them affordable again is to get the government out of the auto business. I’m not advocating that they start producing smog producers, I‘m advocating that they allow the manufacturers react to their customer’s needs and not the EPAs.
    Also need to get rid of the Unions. They have been choking that industry for a long time and if we lose our auto manufacturing then they are half to blame.

    Report Post » OuttheSocialist  
    • Gonzo
      Posted on August 17, 2012 at 9:29am

      GM could have become profitable if they had gone through a structured bankruptcy like any other large company that fails. Union contracts would have been renegotiated, which is the main thing dragging them down. GM won’t be truly profitable until all the bail outs are paid back in full…which will never happen or they go through bankruptcy.

      Report Post » Gonzo  
    • Wango
      Posted on August 17, 2012 at 10:04am

      GONZO . . . DETROIT! Yeah, if anybody knows the auto industry, it’s THE NUGE!!!! SWEEEEEEEEEEEE! Hey, thing about structured bankruptcy. It requires capital. And there was no private sector money available. Bain even passed. Yep, True. SKWEEEEDLY chunk . . . The only reason GM exists is because Of Obama took that action necessary to save it. And as I’m sure you recall, that’s when Mitt stepped up and said, “I take a lot of credit ” for the GM turnaround. Yes, that’s your Mitt. Rock on, GONZO! (But stay away from the barbecue. It’ll fill your jeans prematurely.)

      Report Post » Wango  
    • pharmacognosist
      Posted on August 17, 2012 at 1:48pm

      Unions are terrorists. Look at Wisconsin and what they spent trying to defeat their great governor. Money they literally took from their members to support terrorism and a cause many members were against. The people of this great country have awaken from hibernation of the past 100 years. God help us, we love you.

      Report Post »  
    • shoulda coulda woulda
      Posted on August 17, 2012 at 1:52pm

      Gonzo has a point. Some of the largest companies in this country have reorganized and are now vital to our Economy. Take 3M which used to be Minnesota Mining and Minerals or something like that, had to change and reorganize. GM can switch from making really crappy cars to something else. I looked at their p/ups this summer and was forced to buy Ford, first non-GM p/up 30 yrs of vehicle purchases.

      Report Post »  
    • ezekiel22
      Posted on August 18, 2012 at 5:39am

      You know if I was a real dedicated Obama supporter and not a fake one I would wholeheartedly support his policies and dcisions. I would help boos the earnings of GM by going out and buying one right now today. As a matter of fact I would show the conservatives a thing or two and get all my friends to do the same thing.
      Well I am not a liberal and I did not support the illegal takeover of GM and I bought a Ford ( you know the company that did not take a bailout). It still runs great and only change the oil.

      Report Post »  
    • mr.goodvibe
      Posted on August 18, 2012 at 3:49pm

      Worked at a steel mill in Ohio, the union there was so bad that even the union members hated it, they used to train people back in the old days but now they just defend the lazy and take their money to give to politicians that wll destroy their industry. Since Ohio is not a right to work state they have join the union to be able to work production and maintenance jobs. I put my money where my mouth is. Rand Paul turned me on to this organization,

      http://nrtw.org/

      Report Post » mr.goodvibe  
  • toiletclogga
    Posted on August 16, 2012 at 10:12pm

    GM is an investment per Obama! Just like Solyndra. I don‘t like Obama’s investments! There are no dividends when it comes to Obama’s investments! Obama’s investments are losers!

    Report Post »  
  • Brother Winston Smith
    Posted on August 16, 2012 at 10:12pm

    Two observations…

    1. Paul Ryan’s name (who VOTED FOR THE AUTO BAILOUT) is strangely… absent… from the “story.”
    2. I notice the FAKE-conservative Blaze linking with greater frequency to FAKE-conservative Townhall and FAKE-conservative Hotair. I like that. You’re a FAKE-conservative family… you should also act like one.

    Report Post » Brother Winston Smith  
    • therealconservative
      Posted on August 16, 2012 at 10:31pm

      You left out the FAKE-conservative Ron Paul, who has done NOTHING in Congress for over 20 years. Wrong Paul‘s only claim to fame is the ’Audit the FED’ bill, which is meaningless since Congress has always had the power to do this.

      Report Post » therealconservative  
    • The-Monk
      Posted on August 16, 2012 at 10:31pm

      Hey Brother,

      Please look at the link below and tell me why RP has so many “did not vote” on his voting record.

      http://votesmart.org/candidate/key-votes/296/

      Don’t you think it would be wise to vote for someone who “actually” votes on every Bill?

      Report Post » The-Monk  
    • The-Monk
      Posted on August 16, 2012 at 10:37pm

      Hey Brother,

      PAUL IS IN THE 2012 ELECTION!!!!!!!!!!!!!!!!!!!!!

      MITT/PAUL!!!!!!!!!!!!!!!!!!!!!!
      MITT/PAUL!!!!!!!!!!!!!!!!!!!!!!
      MITT/PAUL!!!!!!!!!!!!!!!!!!!!!!
      MITT/PAUL!!!!!!!!!!!!!!!!!!!!!!
      MITT/PAUL!!!!!!!!!!!!!!!!!!!!!!
      MITT/PAUL!!!!!!!!!!!!!!!!!!!!!!
      MITT/PAUL!!!!!!!!!!!!!!!!!!!!!!
      MITT/PAUL!!!!!!!!!!!!!!!!!!!!!!
      MITT/PAUL!!!!!!!!!!!!!!!!!!!!!!
      MITT/PAUL!!!!!!!!!!!!!!!!!!!!!!
      MITT/PAUL!!!!!!!!!!!!!!!!!!!!!!
      MITT/PAUL!!!!!!!!!!!!!!!!!!!!!!
      MITT/PAUL!!!!!!!!!!!!!!!!!!!!!!

      Oooooooops, that’s Paul Ryan. Sorry for your loss…. my condolences.

      Report Post » The-Monk  
    • NOT A CRAZY
      Posted on August 16, 2012 at 10:38pm

      Paul Ryan vs Ron Paul. PR vs RP. Hmmmmm…a conspiracy? Dun Dun Duuuun!

      Report Post » NOT A CRAZY  
    • KidCharlemagne
      Posted on August 16, 2012 at 11:05pm

      therealconservative
      Posted on August 16, 2012 at 10:31pm

      You left out the FAKE-conservative Ron Paul, who has done NOTHING
      ==============================================

      GOOD!

      I like it when they do NOTHING!

      Only a Progressive loves to see government doing more things…

      Report Post »  
    • WakingSheep
      Posted on August 17, 2012 at 8:20am

      They don’t get it brother.

      Red vs. blue is all they know.

      I can’t believe these are they choices for my second time to vote.
      Thanks generations of the past. You have ruined the Constitutional Republic for generations of the future.
      Keep listening to the speeches and don’t bother reading the legislation or history….
      We are scre*ed now anyway….. Thanks again

      Report Post »  
    • The Jewish Avenger
      Posted on August 17, 2012 at 9:31am

      Let the paulbots smoke enough dope and thjey‘ll vote for Paul thinking the’ll get a free bale of weed.

      Report Post » The Jewish Avenger  
    • Inlightofthings
      Posted on August 17, 2012 at 12:45pm

      BROTHER WINSTON SMITH: FAKE poster….I’m sure of it!

      Report Post »  
    • jonnydoe
      Posted on August 17, 2012 at 3:50pm

      Question remains: Did Paul Ryan vote for the auto bailouts? Are you okay with that? You are? Okay, how about TARP? NDAA? Medicare expansion? Nice try at evading the real question of Winston’s post.

      Report Post » jonnydoe  
  • The-Monk
    Posted on August 16, 2012 at 10:09pm

    V.O.L.T.= Vote Obama Liberal Teamsters……

    Report Post » The-Monk  
    • LameLiberals
      Posted on August 17, 2012 at 2:49am

      I hope GM and Chrysler both FAIL.

      Let all the union workers feel the PAIN of the screwed over bondholders and taxpayers. Union members and CEO give them annual big bonuses when they owe $25 BILLION to taxpayers. That lying snake of a GM CEO had a commercial last year walking through his plant saying GM paid off their loans. What a LIAR. Go caught talking a 2nd loan to pay off the first.

      And Obama FORGAVE the BILLIONS that Chrysler stiffed us for. All that money went to Fiat – An Italian company which makes crap cars.

      In a capitalist republic there should be NO TAXPAYER bailouts/tax breaks for ANYTHING. Not for churches/temples/private companies like GM or for having children or not having children or for being married or not being married. NONE. If you have an income tax – split the rate into 3 parts by how much you make – whatever price range you fall in – THAT Is what you pay – NO EXEMPTIONS.

      I will NEVER buy a GM or Chrysler product.

      Report Post »  
    • Slipstick
      Posted on August 17, 2012 at 8:07am

      @Lameliberals: As a former (non union) salaried employee of GM, I agree that the unions need to go. However, consider the cost to have all those drones sucking down 3 years of unemployment checks. The country would still go bankrupt. The hemorrhage would just come out of a different artery…

      Report Post » Slipstick  
  • discus02
    Posted on August 16, 2012 at 10:09pm

    GM products suck. They sold allot of cars/trucks because the Japanese auto industry was crippled by the tsunami(sp) now they are back on track and GM is floundering again. No more bailouts sink or swim on your own!

    Report Post »  
    • gs425
      Posted on August 17, 2012 at 7:02am

      They sold a lot of vehicles to the government.

      Report Post » gs425  
    • Slipstick
      Posted on August 17, 2012 at 8:14am

      My 2002 Alero is the best GM car I ever owned except for some rust issues after 10 years and undersized front brake pads. I’d buy another in a minute IF HEY STILL MADE THEM…

      Report Post » Slipstick  
    • MIBUGNU2
      Posted on August 17, 2012 at 1:29pm

      @gs425
      Posted on August 17, 2012 at 7:02am
      They sold a lot of vehicles to the government.

      YEA, to GE too !! see how these BOZOS cover each others AZZ’s

      Report Post » MIBUGNU2  
  • Brother Winston Smith
    Posted on August 16, 2012 at 10:09pm

    Barack Obama – Auto Bailout – “HELLS YEAH BABY, IT AIN’T MY MONEY, TO HELL WITH THE CONSTITUTION!!!!!!!!!”

    Paul Ryan – Auto Bailout – “HELLS YEAH BABY, IT AIN’T MY MONEY, TO HELL WITH THE CONSTITUTION!!!!!!!!!”

    Socialist auto worker – Auto Bailout – “HELLS YEAH BABY, IT AIN’T MY MONEY, TO HELL WITH THE CONSTITUTION!!!!!!!!!”

    Ron Paul – Auto Bailout – NO, NO, NO, GOD NO!!!!!!!

    American taxpayer – Auto Bailout – NO, NO, NO, GOD NO!!!!!!!

    Report Post » Brother Winston Smith  
    • The-Monk
      Posted on August 16, 2012 at 10:16pm

      Read a post from Brother Winston (Salem) Smith??????

      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      Vote for RP?????????????
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!
      NO, NO, NO, GOD NO!!!!!!!

      LMAOROTFOAOA Big smile Brother Nobody.

      Report Post » The-Monk  
    • NOT A CRAZY
      Posted on August 16, 2012 at 10:39pm

      Do you actually pray to Ron Paul or do you just lick his boots?

      Report Post » NOT A CRAZY  
    • Darmok and Jalad at Tanagra
      Posted on August 16, 2012 at 11:19pm

      I think he IS Ron Paul. Come on man, get back on the Prozac.

      Report Post » Darmok and Jalad at Tanagra  
    • v15
      Posted on August 16, 2012 at 11:21pm

      Steps to writing an epic Winston Smith post:

      (1) Nurture a sadistic and unholy man crush with Ron Paul
      (2) Learn to hate everything else
      (3) Stop taking the anti-psychotic medication the doctor prescribed you
      (4) You’re ready to write!!!! Type in ALL CAPS so your words will be clear and your logic will be bulletproof. You got this, champ.

      Report Post » v15  
    • Brother Winston Smith
      Posted on August 17, 2012 at 12:21am

      Ooooopsy, v15… I see a few… er, flaws in your tutelage. To “write like Winston Smith” really takes little brain-power, elegance or wit. It’s easy.

      (1) Research a politician’s record.
      (2) Write about that record, as it ties into a particular story.
      (3) (Optional) One BWS trademark is not only CRUSHING lies… but EXPLAINING TO THE OTHER READERS what techniques are being used and why. Example:

      ALINSKYITE SMEARING:
      “Nurture a sadistic and unholy man crush”
      ALINSKYITE SMEARING OBJECTIVE:
      This line of propaganda (Alinsky Rule #5 and #12) is designed to position the target as offering slanted information stemming from hidden homosexual desire. By wrestling conversation to personal insults, the Alinskyite has safely dodged the IRREFUTABLE original comment.

      ALINSKYITE SMEARING:
      “Learn to hate everything else”
      ALINSKYITE SMEARING OBJECTIVE:
      Similar to the first, only “anger” is used. “Hate” is a leftist’s word used to chill truth, by describing the target as potentially DANGEROUS or CRIMINAL.

      ALINSKYITE NAME-CALLING:
      “Stop taking the anti-psychotic medication”
      ALINSKYITE NAME-CALLING OBJECTIVE:
      Typical name-calling will include a variety of “off your meds” “tinfoil hat” “momma’s basement” and/or “pot smoker.”

      TYPO STALKING:
      “Type in ALL CAPS”
      TYPO STALKING OBJECTIVE:
      A democrat staple. Democrats will criticize typos, grammar, style, CAPS, etc… another way to REDIRECT the conversation AWAY from uncomfortable truths.

      Report Post » Brother Winston Smith  
    • woodyee
      Posted on August 17, 2012 at 12:33am

      @Brother Ron Paul Winston –

      You left out – “And Smoke A doobie!”

      Report Post » woodyee  
    • v15
      Posted on August 17, 2012 at 1:10am

      You don’t need me to smear you. You were smearing yourself a long time before I rolled up on the scene. The Monk provided a link to Ron Paul‘s voting record and it looks like half the time he didn’t vote either way on a lot of issues. He’s spineless like Barack Obama.

      Report Post » v15  
    • SCREW-WINDOWS
      Posted on August 17, 2012 at 3:18am

      You Paulbots just don‘t get it Ron Paul put’s earmarks and bills forward and
      then vote‘s No on them if that ain’t a act of masturbation I don’t know what is.
      A useless empty suit taking up dead space.

      Report Post » SCREW-WINDOWS  
    • KC1
      Posted on August 17, 2012 at 7:18pm

      @Screw Window
      You fool do you constantly spout grade school arguments against Paul without ever researching the other sides perspective. These old idiotic arguments have all been answered time and time again.

      1. Paul adds pork to bills to try to get some of his constituents money back into their district (which the Neo Con/Prog federal Govt stole). Paul knowing the bill will be passed adds the pork for his district (congress’ job you idiot) and votes no because the bill its self is unconstitutional. The politicians you support force Paul to legislate this way.

      2. Paul often voting No and not getting many bills passed should be a major reason to support Paul.The Progressive Republicans/Dems vote no on constitutional restraints on the Govt, no surprise you Romney morons support more unconstitutional legislation from the current congress (bail outs, QE, NDAA). You Romney folk support the current political establishment and their unconstitutional regulations, so its no surprise you hold such hatred for the one man in DC who refuses to sell out and “go along to get along” like that cowardly dweeb Santorum.
      Some one said the congress already had the ability to audit the fed which is wrong they have a select audit ability in which the major transactions are blacked out of the audit. So congress’ “audit” is actually toothless. Paul wants to add teeth.

      Report Post »  
    • KC1
      Posted on August 17, 2012 at 7:25pm

      Also I find it funny the best arguments you idiot Neo Cons can come up with against Paul are news letter from decades ago he didnt write, getting money back to his district and not supporting the political establishment as they destroy our Constitution . Ha the reasons you pose as discrediting Paul actually make a Constitutionalist proud of him (not going along to get along).

      Take note those who attack Paul never do so by attacking his beliefs but rather attack his supporters or his age. Paul supporters simply point out Romneys record to you progressive rinos and we get called all sorts of names. You cant counter with unconstitutional legislation by Paul so you resort to name calling. The Reasons you do pose for not supporting Paul are not based on his beliefs but trivial matters like him voting No all the time and not having success in passing legislation in the congress full of progressives you idiotic neo cons support.

      Report Post »  
    • SCREW-WINDOWS
      Posted on August 17, 2012 at 8:14pm

      So you just admitted Ron Paul is setting there on Capital Hill “JERKIN HIS GERKIN” and accomplishing nothing.

      Report Post » SCREW-WINDOWS  
  • NancyBee
    Posted on August 16, 2012 at 10:06pm

    I don’t buy GM or GE!

    Report Post » NancyBee  
  • Snowleopard {gallery of cat folks}
    Posted on August 16, 2012 at 10:04pm

    Is GM going bankrupt?

    Yes, so Obama can bail out his union allies once again; and his political cronies will have ample warning to be in position for their own gains to be made.

    Look to the Obama supporters who will gain the most, especially good old George Soros; where you see his advantage in position for gain, there is the place to watch and prepare.

    Report Post » Snowleopard {gallery of cat folks}  
    • Darmok and Jalad at Tanagra
      Posted on August 16, 2012 at 10:11pm

      This is like asking, wow, that was a realllly ugly baby, but we put a bag over it’s head and turned off the lights. But now it’s 2 years later, the bag has fallen off, and the sun came up….guess what is still realllllly ugly.

      Were they ever out of bankruptcy? Come on, the Volt.

      Report Post » Darmok and Jalad at Tanagra  
    • SCREW-WINDOWS
      Posted on August 17, 2012 at 3:20am

      Is GM going bankrupt?
      Did Obama touch it everything he touchs turns to (Self Edit).

      Report Post » SCREW-WINDOWS  
  • Hiswill
    Posted on August 16, 2012 at 10:04pm

    Nooooooooooooooooooooooooooooooooooooooooooooooo!

    Report Post » Hiswill  
  • woodcellar
    Posted on August 16, 2012 at 10:02pm

    A lesson to all don’t get involved with the goverment with your buisness. The bond hold should have got there money first. they got screwed. The unions got stock and control. No chance for GM now.

    Report Post »  
    • OlefromMN
      Posted on August 16, 2012 at 10:09pm

      You bring up a good point. The original auto bailout was touted a a business friendly idea. When the dust settled the bondholders were befuddled that they were left holding the broom. As GW would say “I won’t get fooled again”.

      Report Post » OlefromMN  
  • Carefreeflyer
    Posted on August 16, 2012 at 10:00pm

    When Obama took control of GM I knew it was doomed.

    Report Post » Carefreeflyer  
    • SCREW-WINDOWS
      Posted on August 17, 2012 at 3:24am

      Well the price of drugs is not declining and there seems to be no expulsion of union members.

      Report Post » SCREW-WINDOWS  
  • FREEDOMoverFEAR
    Posted on August 16, 2012 at 10:00pm

    Obama wants to do this to every industry.

    Report Post » FREEDOMoverFEAR  
  • FEWL
    Posted on August 16, 2012 at 9:57pm

    What? wait, something the government invested in is going backrupt? But, how is that possible if the all knowing government is going to run our health care, how could anything the government do turn out badly>???? Oh, wait.. oops.

    Report Post »  
  • BIGWUN
    Posted on August 16, 2012 at 9:55pm

    Let’s see. Who do I screw? Taxpayers or unions? Taxpayers or unions? OK, taxpayers but just the wealthy ones! This way, all is fair and all is well. Farewell, America. Welcome Kenya.

    Report Post »  
  • TulsaYeeHaw
    Posted on August 16, 2012 at 9:54pm

    Didn’t Bush originally give them the bailouts?

    Report Post »  
  • TulsaYeeHaw
    Posted on August 16, 2012 at 9:53pm

    aaaaaaaaahahahahahahahahahahahahahaha,

    HEY LEFTIES: WE TOLD YOU SO!!!!!!

    Report Post »  
  • ltdan
    Posted on August 16, 2012 at 9:53pm

    If you give a drug addict a way out or more drugs, you’re just doing more harm at than good. If you let him hit rock bottom and he gets help, well you’ve done a good thing. Throwing money at a problem doesn’t always solve it, sometimes you have to really be introspective and fix the root of the problems. GM should have been allowed to hit rock bottom and restructured, I would have had more respect for them.

    Report Post »  
    • TheLeftMadeMeRight
      Posted on August 17, 2012 at 10:16am

      And sometimes it’s not the problem YOU think they are fixing.

      It’s not about GM, the stockholders, or the taxpayers, any guess who is left? (ah I made a funny, guess who is left?!) It’s all about the unions grasshopper. Always has been, always will…

      Report Post » TheLeftMadeMeRight  
  • PointBreak
    Posted on August 16, 2012 at 9:52pm

    They don’t need a bailout, they need better employees at the user end.

    Report Post »  
    • sophillyjimmy
      Posted on August 16, 2012 at 10:17pm

      Pointbreak, what GM needs is not new employees, they need better management that are not puppets to Obama and the UAW. Since Obama bailed out the UAW I mean GM, with our tax dollars he took control of the corporation and he is dictating to them what they should build and not leaving things to the people that design and built cars for almost 100 years.So we have to ask ourselves, would we buy a used car from Obama?

      Report Post »  
  • h20sue
    Posted on August 16, 2012 at 9:51pm

    With so many folks out of work, (unemployed), who the heck can afford a new car? I‘m still paying on a 2001 Nissan that has literally fallen apart and you can’t find parts, due to Obama’s Cash for Clunkers! He really screwed American’s who are struggling to keep their automobiles on the road. We’re still paying personal property taxes on an eleven year old automobile with over 230K miles. No one but the wealthy can afford to purchase a new car with personal property taxes, licenses, insurance, tags, and God forbid…GASOLINE. GM and Obama both need to go. He’s so proud of what? The debt he’s racked up?
    Certainly wasn’t Bin Laden, as he didn’t do the killing, our Seals took him out. Easy for him to take credit while he plays golf…. Dah.

    Report Post »  
  • PointBreak
    Posted on August 16, 2012 at 9:50pm

    They keep blaming the product – the product is amazing. The dealerships are an inbred, entitlement, union, spanglish, moronic nightmare. I love their cars but I wouldn’t go anywhere near a GM dealer unless my life depended on it – which it doesn’t. FIX YOUR SALES TEAM DUMMIES! Or if Obongo wanted to help he could make import tariffs quid pro quo and price the foreign competitors right out of the US – which if America had any sense of pride or loyalty they’d do on their own. BTW – if you‘re driving a car not made here you’re part of our collective problem.

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    • TulsaYeeHaw
      Posted on August 16, 2012 at 9:57pm

      The chevy dealer in muskogee, oklahoma sucks ass. They’ve changed managers and owners multiple times over the years, and they are still a bunch of rude, dishonest ********. Everyone I know, and I mean personally know, that has ever dealt with them would say exactly the same thing. I thought it was just them, silly me.

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    • OlefromMN
      Posted on August 16, 2012 at 10:19pm

      Remember there are a few dealerships that were cast out and had to sue to retain their license. They were (for the most part) run by conservative minded people. Many won in court and continue to operate in a very hostile environment. They are the black sheep of GM.

      Please try to find one and support them if you are in the market for a GM car or service. It isn’t us in the shops that are the problem. It’s a corporate deal and the UAW (which has nothing to do with ANY dealership or it’s employees) . The press (both sides of it) are guilty of lumping everybody into one basket. Dealerships are private business’ that purchase a license from GM to sell and service the product.

      Report Post » OlefromMN  
    • mtsnj
      Posted on August 16, 2012 at 11:01pm

      products aren’t half Bad. However the decision makers Suck!! In ‘05 when the revamped Ford Mustang came out..they should have stopped the presses and retooled for the Camaro, but NOOO they wanted to wait Years!! before doing so. losing a big share in that market.

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    • SCREW-WINDOWS
      Posted on August 17, 2012 at 3:32am

      Obama says it was the greedy Capitalist who put GM in bankruptcy not the greedy unions.

      Report Post » SCREW-WINDOWS  
    • Hrothgar
      Posted on August 17, 2012 at 10:21am

      The GM product isn’t that amazing and has gone down severely in quality over the last several years. Example, a few years back I used to unload these large black crates at the Riverton dealership in my town. When I asked the service manager what these were he said they were for the transmissions that needed to be sent back, or new transmissions coming in. Ever since that has been GM’s main downfall in quality for their vehicles that and having too many brands with uninteresting models helped cause their financial breakdown, along with the union contracts.
      Ford is not exempt from making poor quality products. They should have let International keep making their diesels and stuck it out with the 7.3. Instead they have given a line of piss poor engines under their own design.
      Yes GM did drop the ball on the Camaro redesign, just like they dropped it on the GTO. The GTO looked like a Euro-trash car and they dawdled on the Camaro. Great the Camaro is in Transformers, but you still waited 2 years to release it after the movie. Granted the Camaro is a pretty swank looking car it has to compete with the well established Mustang which just get more bad ass with every year.
      I think if GM could focus on making better strives in quality, cutting union contracts and learning where to invest their money(our money) properly they would be better off.

      Report Post » Hrothgar  
  • mtsnj
    Posted on August 16, 2012 at 9:48pm

    GM had a lot of nerve taking out those expensive ads during the Olympics. Losers, yup that would be the American people once again.. Bring the POS back if you don’t like it..?..c’mon just go out of business already.

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    • Wango
      Posted on August 17, 2012 at 10:05am

      That’s a conservative for you . . .rooting for Americans to fail.

      Report Post » Wango  
    • Git-R-Done
      Posted on August 17, 2012 at 12:35pm

      Wango – You Marxists are already doomed for failure.

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  • alpha2omega47
    Posted on August 16, 2012 at 9:48pm

    Obama has no integrity, honor, patriotism or credibility.

    Report Post » alpha2omega47  
  • alpha2omega47
    Posted on August 16, 2012 at 9:44pm

    Anything Obama does ~ you can bet it will be screwed up good. Anything Obama says ~ you can bet its a lie.

    Report Post » alpha2omega47  
  • v15
    Posted on August 16, 2012 at 9:40pm

    GM, when you bring evil to life can you really bed it back down??

    Report Post » v15  
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