Obama:Bailout Worked-Chrysler Profitable, Paid-Back, Private

[dog1701]

I think we shoull all show our support for the amanzing job the president and GM have done since the bailouts. Let's all buy the superior car of today, the Volt, so we can all perish in a magnificent ball of flames.

[cjlovick]

@dog1701: Your hate and ignorance does not change the FACT that GM is #1 in the world. Hate on.... does not change a thing. It is what it is.....

[cjlovick]

Great job President Obama!! Many of us who see the truth understand what you have had to deal with and what you have accomplished in spite of the haters and obstructionists. Keep rolling full steam ahead. While the GOP was talking, you were taking action. Love it!!

Now please put Hilary on the ticket. It would be the best strategic move for the future...

God bless...

[dog1701]

1. I don't hate anyone. 2. Do your homework. Ford didn't take any gov't bailout money and made consistent profits. 3. Have you seen Obama's new desk plaque? It reads "The Buck Stops with Everyone and Thing But Me." 4. You need to read the NYT ariticle about this. Fiat, a foreign--get that union people--foreign company, will end up owning Chrysler. And, despite what O says here, the gov't lost 1,2 billion dollars. That's also fm NYT. Qut being fools

[cjlovick]

@dog1701: Quit being a hater. Bush jacked us, and he's been working to correct Bush's blunders. Mittens said we should let them fail. Remember that? GM would not be number 1 for sure if we had let them fail. Mittens don't know business that well does he...

[deedundone]

Well for all the haters, we could habe let Chysler, general Motors, and Ford all Flop. But then there wouldnt be much of anything, assembled in America now would there? Plus, think about the people. You dont care about other peoples lives, but if it was your jb and company on the line, your ass would be begging for government aid, Correct? Messing with peoples lives is no joke, delicate maneuvering isnt even the half of what you have to do.

[idontcare80]

@deedundone Ford wouldn't have flopped, they did just fine without taxpayer dollars.

[cjlovick]

@idontcare80: Not as good as GM though.....

Not even half as good.....

[idontcare80]

@cjlovick Yeah right. Everything GM builds is junk and they STILL AREN'T PROFITABLE, which means the taxpayers are still paying for their junk.

[cjlovick]

@idontcare80: The numbers don't support your statement. Your statement is junk.

[idontcare80]

@cjlovick What numbers? Are you talking about sales? Yes, GM has always sold a lot of vehicles, that doesn't mean that they are good vehicles. GM's sales numbers are just a testament to the stupidity of the American people.

According to reliability and quality ratings GM is junk.

[luvitluvitbaby]

Barack Obama is THE GREATEST POTUS EVER!!!! OBAMA/BIDEN 2012

[gusgus1219]

FUCK U OBAMA.....WISH I COULD TAKE MY VOTE BACK

I THOUGHT YOU MEANT A CHANGE FOR THE BETTER NOT FOR THE WORST



[cjlovick]

@gusgus1219: Not true. It is NOT worse. It is better. Quit your lying dude. Look at the facts, not Fox Fiction....

[1badcummins1]

1 and done Americas broke there's no Change left

[brad238899]

We just lost 1.3 billion on the Chrysler deal thus making Obama a liar. Who would have though haha. Fiat now owns the company and the U.S. government has no interest in the company. Fuck Chrysler, Fuck Obama & Fuck Congress for screwing the American people on behalf of the UAW.

[LFC1952]

This Is Politcal Bull!!!!!!!!!!!!!!!!

[Checkerholic]

How do you know when Obama is lying?

Simple...His lips are moving

[1badcummins1]

You are only considerd unemployed if your receiving benefits......benefits exhausted still no job no-longer considered unemployed....wake up nigger lovers

[damoz89]

LOL! glad i dont live there

[xaviqaz]

Hi no liberal here. But, why are you so nasty? The auto bailout would have happened under a republican administration too. And it has worked. Sorry, it has!! GM is leader in sales in China, almost tripling Toyota. They´re also growing fast in Mexico and Brazil. Chrysler is doing pretty well with new more efficient models. The new group Fiat/Chrysler would be a nice surprise in next years.

[dellvostro784]

Great lies by politicians:

"I did not have sex with that woman, Miss. Lewinski" Bill Clinton

"I did not tweet pictures of my crotch to young women" Cong. Dick Weiner

"I have released the real birth certificate, which is not half typewritten and half hand written, and it is not a composite document created on the computer." Barack who knows Obama Barry Soetoro Husein

[09geauxtigers]

4 more years of Obama will destroy America. We are already on the brink of full and total collapse. He would accomplish his mission to destroy America with 4 more years. Lets examine what he has already done and promises he's broken: Patriot Act extended, GITMO still open, Rendition still going on, 15% real unemployment, no real advancements for independent energy, failed policy in Libya, Afghansitan a disaster, economy the worse its been ever, expanded debt and deficit spending.

[Nubi1321]

@09geauxtigers unemployment is not at 15% its below 9%. Which has gone down. He has to go through processes to get things like gitmo closed or patriot act terminated. It's called congress. He doesnt just say what goes, we live in a democracy. What he would like to see, is heavily debated and chopped up by the time it goes down the line to the end results become.

[09geauxtigers]

@Nubi1321 Hey dumbass, look it up. THe REAL Unemployment is over 15%. The governemt reported unemployment, that is, people who are recieving benefits, is 9.1%. Were you asleep for 2 years? The DUMACRATS had full control of the US government between 2008-2010. He could have done whatever he wanted. Instead he chose to spend all his political capitol on Obamacare and cap and trade. Both of which will never be excepted by the American people.

[lcromy]

Fucking lie. Chrysler hasn't made any money hence why the government sold their 6% to Fiat. Osama is trying to say Chrysler paid their money back when in reality they just asked for more bail out money earlier this year. Fucking lies.

Oh, and GM hasn't made fucking shit either concerning paying their moneys back.

[cjlovick]

@lcromy:  Hey dude, Chrylser just made a profit. Your foresight is busted....

[lcromy]

@cjlovick HA HA HA YOU SILLY LIBERAL COMMIE....Keep up with the story and you won't look so stupid. Chrysler never paid back all of their bailout. Why? THEY COULDN'T! So the White House "forgave" $7.6 billion of the $13 billion they borrowed and said they had paid them back. ABSOLUTE AND COMPLETELY DISHONESTY! So that means they didn't pay their loans up. Go look it up or are you too lazy and just believe everything the Fuhrur says?

[lcromy]

@cjlovick beeeCCCAAAAUUUUUSSSEEEE the gubament forgave the $7.6 BILLION they still owed. PULL YOUR DICK OUT OF OBAMA'S ASSHOLE AND LOOK AT THE NUMBERS. If Chrysler only made a couple hundred million dollars in profit and STILL OWED ALL OF THE MONEY THEY WERE GIVEN.....ready for this....THEY WOULDN'T BE MAKING A PROFIT!!! IT'S ALL PART OF OBAMA'S FAKE SHOW SO HE LOOKS LIKE WHAT HE'S DOING IS WORKING....BUT ITS NOT!!! duhhhhhhhhhh Liberal commies are the dumbest people in the world.

[cjlovick]

@lcromy: Wow...how blind and dumb can a person be if he actually believe he is intelligent? I am a college educated veteran.... Unlike most conservatives, I actually understand economics....

[lcromy]

@cjlovick Sorry dude but no matter what you say you don't know shit. Also your a liberal commie cock sucking democrat. What does that mean? Your against war so don't even disrespect those that "really" served and pretend to be a "veteran". That's a federal crime biatch. So take your tree hugging, liberal commie self to a cliff and jump off. If you can't "get" the whole Chrysler thing, then you are just making the problem worse. From here on your words are null and void.

[lcromy]

@cjlovick. You null and void.

[blinkboys21]

Thumbs up to this.... Chrysler a very profitable PUBLIC company at one time, with a very high stock share value, (right before they crashed) Train wracks their company, and pays their CEO millions to do it, then runs the stock value down to nothing, has the PUBLIC loan them the money to buyout the company at a very very discounted rate and also to re-structure (B>S)... Now, they paid back the loan in no time, and are private.. how great for the people who now own it right.. fuck the PUBLIC....

[jairam1985]

Shouldn't Barrack 'bla bla bla' Obama be working to fix a broken American economy instead of giving more speeches. We all know that Obama can give beautifull speeches but more deeds instead of words would be a welcome change for everyone.

[LawyerScumGhost]

That's great, until the next time the twits that run these Too Big To Fail companies run their respected businesses into the ground while giving themselves millions in bonuses for destroying their own companies. When you reward bad behavior, you guarantee it will continue.

[1Guitarslayer]

only complete morons believe anything this liar says

[jetbtkng]

why are all u conservatards angry at obama, 1st off he got the fucked up economy that 8yrs bush & republitards left him, u all wanted the auto industry to fail, buts its alive & well because of obama & the dems, we have the begining of universal health care, killed bin laden & another killed yesterday, as for u patriot act whiners, it was u conservatards that were all for it when bush was pres, your nothing but a bunch of hypicrites & knuckle scrapers, face it hes done a good job, losers........

[MinmatarThrasher]

@jetbtkng Obamas bailouts has put us on the verge of the greatest depression in American history. Our currenct economic crisis isn't all Obama fault though he did have a big hand in it. If you want to point the finger at anyone for this mess point at the politicians who have over the years contributed to todays economic woes both republican and democrat.

[jetbtkng]

@MinmatarThrasher no bush & the gop already have took care of that, so u think it would have been better to let gm & dodge crumble, u know the old saying, it takes money to make money, & go back 40yrs & see where the deficit spending has occured, ALL under republitard controled white houses, reagan 2.4. trillion, bush sr 2.3 trillion, bush retard jr 8 trillion & counting, u best look at the facts, all spending all republicans, & thats the facts........

[jbranstetter04]

How come the President doesn't tell us how he inherited the auto bailout from former President Bush? He should at least give credit where credit is due. I was only for giving them money until the spring of 09' so that they could ease into bankruptcy. Bankruptcy would have been the best thing for them and the country in the long run. It would have lessened the moral hazard and given them a real new beginning where they could start with a fresh slate. The bailout was a mistake in my opinion.

[PurePressure999]

@JASONNHENCHMENN

It never fails that some racist Anglo MAGGOT you like you to brings race and/or skin color into every discussion.

Why can't Obama just be an asshole president? Why bring "black" into it?

How is he "black" when his mother was caucasian? Oh that's right. That's in accordance with the racist Anglo "one drop rule".

Fuck you. Worthless bastard.

[MinmatarThrasher]

And now the country is in tremendous debt and the average joe is suffering thanks to your dick-headedness.

Fuck you.

[FlashMobUSA]

Join the revolution this summer. JOIn a FLASH MOB IN YOUR COMMUNITY>

[FlashMobUSA]

He is lying again as usual. He thinks we are stupid enough to believe all this crap. Use any combination of these words to discover more about Obama . Put them in google and press enter. Bozo. HARVARD. Dork. Pussy. FAGGOT.

[PurePressure999]

Obama is a traitor.

By reinstating the Patriot Act, he proved that.

He should get booed EVERYWHERE he goes in this country, by people with properly functioning brains -- everywhere until his first and LAST term is over.

Let him know he isn't wanted or welcomed.

[TheYoungTurdz]

These companies will never be truly profitable after this mess. They will come back for more every 3 decades or so. However, now Chrysler is a foriegn interest, and GM's best sales are China related. Who knows. Maybe if they change the way they do business and dump the unions...

[quizerry]

The intervention on GM's (and Chrysler's) behalf denied the spoils of competition — the market share, sales revenues, profits, and productive assets to all of the other automakers that made better products, made better operational decisions, were more efficient, or were more responsive to consumer demands than GM. At this time GM shares all 500 million would have to sell for more then $53 per share for taxpayer to get their money back. That isn't going to happen any time soon, likely never.

[quizerry]

Did anyone really think that a chosen company so coddled and insulated from market realities couldn’t turn a short-run profit? Even GM, under those favorable conditions should have been expected to turn a profit this year. Government gave them a lifeline not just the $50 billion but another $43 billion in tax breaks. Plus $1.8 billion of their $3.2 billion profit is attributable to the one-time sales of shares in Ally Financial and Delphi time will tell if they can really make a profit.

[JSErwine]

Bailout worked? LOL

Trillions in bailouts that the majority of americans did not want, it doesn't matter what you think is right Obama. The economic numbers plain do not support your claims, numbers don't lie polititions do.

The bailouts didn't work, show some balls and admit it. Why is it so hard to find a leader that has the brass to talk to the american people and present the facts.

A crap sandwhich is a crap sandwhich no matter how it's served.