GM Reports $1.2B Loss, Says It Shows Progress

[Mahdi786FWE]

While Fritz Henderson wasn't as bad as Rick Wagoner he didn't move fast enough. Yeah he was much faster then Wagoner but not fast enough. Either way you look at it Fritz was going to be ousted anyway. GM's on the right track and 2010 and beyond will be very good for GM.

[icegryphon]

Never ever again buying a GM car or anything. Just like GE can suck it.

Been a GM owner/customer since day one, Born into it.

My money is going oversea's enjoy your failure jerkoffs.

[VictoryCough]

They are bankrupt. Plain and simple.

[KagarBeardtooth]

Great. Now, instead of GM losing money, we can ALL lose money!

[VAR1UM]

most people dont realize but alot of the bail out has already been payed back.  as for the war in iraq, that money will never return.

[diogeneslaertius666]

That is the most absurd thing I have read so far this morning.

[VAR1UM]

well it is the truth. and by the end of obama's first term it will have almost been paid back in full if not sooner. as of right now about 10% has been payed back in 6 months of it being handed out, even in this shitty economy.

[diogeneslaertius666]

"by the end of obama's first term it will have almost been paid back in full if not sooner" - VAR1UM

i dont know whether to laugh or cry.

[VAR1UM]

Well believe it or not it is the truth. Amazing isnt it?

[diogeneslaertius666]

Its not just amazing, its Unbelievable.

[VAR1UM]

whats so hard to believe? 10% of the bailout has been payed back within 6 months of its conception? In a shitty economy? Wake up and put the conspiracy weed down.

[diogeneslaertius666]

Whats hard to believe is that you think the money came from someplace other than out of thin air via the machinations of the treasury/fed.

and dont fucking insult me, you are wrong, and you persist in your delusion.

If anyone is a conspiracy theorist here it is you.

I don't even need to refute your arguments, they are that insipid - and I am confident that I am on the right side of history and that to make my case all I need do is wait.

[VAR1UM]

well you better find a hobby while you do 'cause you'll be waiting a VERY long time.

[diogeneslaertius666]

My hobby is eviscerating the ill-constituted statements of people on the internet.

[diogeneslaertius666]

"alot of the bail out has already been payed back

10% of the bailout has been payed back within 6 months"

Those are your words, I find it hard to believe that you actually think this to be true and do not understand what is going on.

[VAR1UM]

yeah and if you dont believe me read a damn newspaper jack ass. stop wasting my mother fucking time with ignorant nonsense. peace out bitch, suck a dick.

[diogeneslaertius666]

oh ok, i see, my problem is i dont swallow everything i read automatically.

yeah my bad for performing economic analysis based on the real world.

next time I will just use the power of imagination like you.

[VAR1UM]

Hmm, i see. So you dont study or read anything, you just pull out this contempt from your ass. Explains everything. peace idiot.

[diogeneslaertius666]

Ok I'll try to explain this so you understand whats going on.

The feds open market committee is buying treasury bonds.

do you know what that means? its a fucking ponzi scheme, pull your head out of your own ass for five seconds. Do you even know what derivatives are?

Your statements are laughable.

And continuing to insult me just makes you look foolish, even more so than do your arguments appear to be.

and make no mistake, i am at war with people like you.

[VAR1UM]

funny how your the only one that knows this shit... or rather, no one knows this shit besides you and your circle jerk group of contemptuous idiots.

[diogeneslaertius666]

Another absurd claim from a delusional idiot.

Im heartbroken.

[diogeneslaertius666]

Remember, you replied to my statements claiming that "everythings a-ok"

I don't know one credible market analyst who wouldn't laugh his ass off at the things youve said here today.

[VAR1UM]

i never said everything was a ok. i was merely stating that the bailout has been paid back 10 goddamn %. Not too mention it has made a few billion dollars in profit already. I would not be suprised if it was all the way paid back by 2012.

But no, your one of these NWO types. Get a goddamn clue.

And stop reading the writing on the walls like its a sign. Its written in your hand writing, schizo.

[diogeneslaertius666]

you clearly implied it vis-a-vis your analysis (haha) of the bailouts.

and where is your refutation of my analysis?

I refuted yours soundly and all uve done is talk shit.

[VAR1UM]

Dude, look up any newspaper or medium or blog... whatever. Its right there. I cant discuss current events with someone who dismisses everything as a hoax or some sort of conspiracy they made up in their head or because Alex Jones told them so. next time you reply you better leave a damn address or telephone #.  im sick of these snot nosed punks hiding behind the internet's anonymity.

[diogeneslaertius666]

just to be clear you fail to address the argument whatsoever and instead resort to ad hominem.

you are not fooling anyone, least of all me.

well ok, maybe you are fooling one person: yourself.

and yeah, ill give you my phone number mr. internet tough guy lol, ill get right on that.

[diogeneslaertius666]

Do you, or do you not understand what it means to have the FOMC buying treasury bonds.

Do you understand what derivatives are?

Do you understand that the fed is just printing money out of thin air?

Do you understand that its Our money and this is coming out of the pockets of our children and our childrens children.

yes or no.

[VAR1UM]

its called an economy jack ass. we cant just sit around and have all our money handed to us for nothing. people dont want to be fat and lazy like yourself. some people actually enjoy their work.

The fact that you refuse to tie in how and why the system works. You wanna dismiss it and call it a big NWO conspiracy to make people slaves or some shit... C'mon man. For a second there i thought you were starting to sound intelligent. But then you got all nutso .

[diogeneslaertius666]

i explained it perfectly clear to you twice now.

you are just being silly.

[VAR1UM]

Okey Dokey, ive wasted enough of my lunch break already. Good luck with your crusade against... EVERYONE. But i will admit i am very relieved that your at home or some other private place and not out in public with this shit. But then again, thats exactly why you are who you are. If i were you, id find a prostitute. or a small dog, something to bring you back down to earth.

Peace out and suck a dick!

[diogeneslaertius666]

not everyone, just people like you.

This is war.

War for the future of the human species, and the enemy is apathy.

the apathy you represent... and not just apathy... arrogance.

You seem PROUD of your stupidity and openly attack anyone who disagrees with you even when you have no idea what you are talking about. (that much is abundantly clear)

You have no command of the subject matter and could not even address my argument.

[diogeneslaertius666]

no no its cool broham

ill let you get back to "fucking blonds" and "consulting" sorry to bother you with the real world.

[diogeneslaertius666]

non-stop string of insults and a complete lack of dialog regarding my well-founded arguments.

why don't you just admit you are an idiot and you don't understand economics.

id be surprised if you even knew wtf the feds open market committee is.

[diogeneslaertius666]

typical strawman/ad hominem.

pathetic.

have you no self respect?

[diogeneslaertius666]

I'd be surprised if you have ever worked an honest day in your life.

"i love a parade is my music side project. Formerly known as "AK-Clarion" and "Varium". This has become my biggest preoccupation. Besides fucking blonds im producing music and consulting on everything. " -VAR1UM

Yeah you sound like you have the hands of a coal miner pal.

Laughable.

[VAR1UM]

ill put it to you this way so maybe you'll understand, or not. i really dont care.

Why are these things important? How are we functioning with them? If you can answer clear and honestly with out contempt than maybe it might be worth my time. until then, keep the hate alive!

[diogeneslaertius666]

what things? the elements of this argument?

Because it directly affects the entire economy that we all require to exist?

We aren't functioning, in case you hadn't noticed our economy is falling apart, no one wants to buy our debt and we are without the productive capacity to export our way out of the problem.

how is all of this not obvious?

probably by the same measure whereby you are unable to understand the concept of the fed buying bonds from the treasury id imagine

[VAR1UM]

the economy failed because the debt owed back is greater than what is being made. generally.

And yes, why do you think the fed is buying treasury bonds? for what purpose could that possibly be! Seriously, lay off the conspiracy shit. The answer is right there in front of you. Stop over complicating things.  It easier than it looks.

[diogeneslaertius666]

you are hopeless

[diogeneslaertius666]

gold just hit 1130 an ounce, haha.

Im sorry what were you saying? I couldnt hear you over the sound of how right I am.

[VAR1UM]

you gotta be kidding. your going to use the ever fluctuating stock market to prove your point? So tomorrow morning you'll be right, by noon you'll be wrong, mid afternoon you'll be right again and then the day after... yada yada yada

in all fairness Gold is almost a certainty. but u already knew that.

[diogeneslaertius666]

gold is a commodity

dude you are delusional

you dont even understand the implications of the arguments im making.

[diogeneslaertius666]

look at ten year gold and contrast it with the dollar and renminbi, the currency of our biggest creditor.

see any correlations?

no, of course You don't.

[VAR1UM]

your a moron.

[diogeneslaertius666]

within the context of the bailout (which is the subject)

1) "alot of the bail out has already been payed back

10% of the bailout has been payed back within 6 months

by the end of obama's first term it will have almost been paid back in full if not sooner"

2) "i never said everything was a ok"

which is it exactly?

[diogeneslaertius666]

not the iraq part.

but while we are on the subject, tally up all the foreign aid to countries like israel and the bill for our ops in iraq/afghanistan/pakistan and soon to be iran!

[ahhyo2006]

It must be nice to own a business and get billions of dollars only to loss $1.2 billion and tell the media that we are off to a good start. Boy, I tell you, only whitey could pull this kind of stuff and get away with it.

[jefevonQ]

The 800lb gorilla in the room is employee health care. Somehow almost all of the auto execs have managed to seemingly ignore it. This is the issue that the unions and the corps need to address together. They could bring so much weight to the table that the debate could end very quickly. Why are the so silent?

[Bux7777]

Pelosi and Obama will fix it .... buy a car or go to jail!

[BlameRepublicans]

Now let's see the shit for brains right wingers try to pin this massive failure of their beloved "free market" system on Obama rather than themselves and their idiotic agenda.

[Vitaminous]

What the fuck are you on about?

Fritz was head of finances back when GM was in trouble and he was crowned CEO because of government intervention. The only new guy in the failboat is Whitacre. Of course GM's in somewhat of a better shape than it was back in 2008, that's a GIVEN, THEY'VE BEEN BAILED OUT OF THEIR LIABILITIES. You should check out Liquidation Motors' latest 'report card'.

[Vitaminous]

By the way, given the current situation over at the *other* automakers, 1.2B loss is pretty awful. I don't understand how they feel the stock market will refinance the debt, but Fritz is a clueless fucktard and I can't wait for Whitacre to fire him.

[diogeneslaertius666]

Vitaminous 1

BlameRepublicans 0

And btw, fuck the false left/right paradigm BlameRepublicans, its that kind of petty factional politics that got us all in this mess.

Democrats = Republicans.

Who doesnt know that by now?

[BlameRepublicans]

But I have no respect for you or your opinion.

[davidpark68]

I guess there's still some Michael mooreon following left wingers that still don't understand what a Free market is. if this were a free market GM would be bankrupt & probably owned by another company or sold off piece by piece the stock holders would have gotten some of their investment back. this is corporatism, a form of fascism & has nothing to do with free markets or capitalism.

[BlameRepublicans]

Is this the part of your rant where you try to blame the GOP caused failure on Obama?

[diogeneslaertius666]

why would anyone blame a puppet?

[davidpark68]

what part of my post didn't you understand? it was a failure of congress & both presidents.

[BlameRepublicans]

I understand your weak ass attempt to blur the line between your failed criminal party and agenda and my Liberal agenda. NO THANKS. THIS FAILURE IS 100% GOP made. DEAL WITH IT.

[diogeneslaertius666]

Hello, I am not a republican - can you read?

"Except it's only the GOP who fucked up the country " those are you words, and while i agree the GOP did fuck things up horribly, the democrats are equally responsible, your move shitbag.

[BlameRepublicans]

Oh you're another "independent" who can't be honest and admit tey were tricked? Call yourself Jesus H. Fuck Stick for all I care. You are part of the problem.

[NylaRossini]

Wait can someone please tell me if I am understanding this correctly as I am not the best at maths.

1.2B borrowed from taxpayers

1.2B Compay loss

Maybe I am over simplifying this situation as I have never had the pleasure of running a car company but thats not exactly what I would call 'progress'

Theft or major f**k up seems to be a bit more suitable...

[diogeneslaertius666]

Theft.

Plain and simple, the government is bailing out wall street and dismantling the auto industry.

Its almost as if they are taking their marching orders from the world bank, because this looks Precisely like third world economic shock doctrine.

Categorically.

[BlameRepublicans]

Keep this in your mind so you don't vote for the party responsible - GOP.

[diogeneslaertius666]

REPUBLICAN = DEMOCRAT

wake up from your false left/right paradigm sheep.

[BlameRepublicans]

Except it's only the GOP who fucked up the country and murdered half a million innocent Iraqis. You fucking sheep can no longer cover the stench of GOP shit so now you try to drag the Liberals down. NO THANKS. YOU ENJOY YOUR FAILURE ALL ON YOUR OWN - YOU EARNED IT.

[diogeneslaertius666]

what part of me not being a republican do you not understand.

oh and look at the body count on obamas watch, quantitatively higher than bush and he has pushed forward on all sorts of other fronts...

its like the bush doctrine on fucking steroids.

heres your dunce cap, join VAR1UM in the corner idiot.

[VAR1UM]

how the fuck you involve me with this shit? sorry you feel like some super elite under appreciated know it all.

Yeah, i know the type. Always right even when your wrong because you believe in the probability that anything is possible. I mean seriously. Your psychotic.

[betsall]

someone needs to bitch slap this punk ass bitch

[Newfie4646]

didn't we just BAIL GM out from going out of business? just so they can pollute our planet? fuck people? get a clue

[hksim]

German/Japanese cars > American cars... simple as that

[Vitaminous]

I guess that's why most of today's GM offering have underpinnings from their German counterparts.

Gain some education.

[DemonicGemini]

give me back my money

[diogeneslaertius666]

LETS SEE how many pissed off americans we can get to participate in A LITTLE EXPERIMENT!

If you are pissed off type "give me back my money" in reply to user DemonicGemini!

[diogeneslaertius666]

give me back my money.