Ironically who are the people that actually by the real GM products (not including Volts)? It's conservatives that buy GM products. Although liberals claim to support the UAW they don't touch American cars, and they're not buying Volts en masse - nobody is.
The libz call for support of the Volt seem to be a tad insincere considering that they couldn't wait to put Hummer out of business. There were more Hummers sold than there will ever be of Volt based vehicles.
I don't understand why rush is so against american cars he says he is a true Patriot but seems to me that he is anti american along with most republican voters and elected officals. the us needs the chevy volt ,tesla s sedan and roadster,Fisker Karma sedan to succed so people can stop buying ugly japanese hybrids such as the toyota prius and the nissan leaf.
The only thing that will pull this country out of its slump is innovation. Republicans, for whatever reason, will kick and scream and stomp their size seven feet any time a breath is spoken about doing anything slightly differently. Cheers to GM, cheers to the Volt, boo and boo and boo to fat, loathsome Limbaugh and his ilk.
OMG, thank you Motor Trend. Somebody had to hit him on that.... And Rush thinks that: "Motor Trend Magazine -- that's the end of them." Seriously? ROFLMAO
I love how its America first. Is America really first Rush? He is angry by the success of an American company. Yeah and he wants Obama to fail. All this and wrapped in the American flag. Maybe we should see HIS birth certificate. lol
@loveispeace12 that is a GREAT IDEA!!!! we should demand to see all of the birth certificates of all of the Republicans who are bashing America and bashing American success and cheering for American failures. They cheered when we didn'T get the Olympics... they boo this accomplishment... they hope that the President fails on domestic and foreign fronts and try whatever they can to make him fail. That is NOT American. Papers please!
GM was given a $49.5 billion in bailout. Only $6.7B of this was a pure loan, the government (we the taxpayers) purchased 60.8% equity in GM, meanwhile Canada ALSO transferred an additional $9.5 billion to GM, $1.4B was a loan and $8.1B is an equity purchase.
The Obama administration put $13.4B MORE aid money as "working capital" to pay back the government loan.
The Treasury Department got $11.7B back from GM's IPO.
@yakyakyak69 We're in the process of getting our money back with interest and the treasury still has a lot of common stock in GM. The value of that stock is higher now than when we took ownership of it and I'm sure GM would like to get some real investors in there so they'll be buying that back soon as well.
Whether you were for or against the bailout in the beginning, there's no doubt now that an investment in America was a good one (hey, it worked during WW2).
So we abandoned the free market system, contract law and fairness while stiffing past creditors and shareholders while ,ignoring all GM past bad decisions and debt so that we can give taxpayer money to replace win-lose market dynamics with socialist win-make others pay if you lose cronyism?
The ONLY thing this has to do with WWII is then we resisted Fascism (crony-corporatism) and NOW we embrace it to pander for "union support" using other people's money.
@yakyakyak69 Fascism? Fascism would mean this was a giveaway to GM and Chrysler and it wasn't. This was a loan and a purchase of stock in the companies. So what if it was to save union jobs? They weren't the ones who made the bad business decisions and to have that many lose their jobs would have made the recession far worse.
We've had a mixed market system, not a free market one, for almost the last century. I'm sure creditors and shareholders would have loved it had GM went bankrupt.
ZERO interest "loans" are a give away and when you "loan" to one without "loaning" to another, then you are playing favorites with OTHER people's money while rewarding bad behavior and punishing those who play by the rules. What message does THAT give to those who DON'T screw-up.
It tells people that THERE ARE NO RULES and the ONLY thing that matters is political connections. THAT is crony-corporatism which is a form of Socialism and it is CORRUPT!
@yakyakyak69 The actual loan had a 7% interest rate (you can find that out from Forbes website), but you know, keep talking as if it was just a gift and it didn't work out well in the end.
The Obama administration put $13.4B MORE aid money as "working capital" to pay back the government loan. This was a GIFT to the UAW that competitors did NOT receive thus REWARDING bad behavior.
1) Progressives passed the Community Reinvestment Act to force lenders to lower lending standards for “social justice”. Fed lowed interest rates & increased fiat currency.
2) Gov't backed Fanny & Freddy bundled sub prime to comply with CRA & to sell on Wall Street.
3) Wall Street bought sub prime BECAUSE of Gov't backing & too big to fail promises FROM Congress.
4) Meltdown when gov’t backed sub prime mortgages adjusted.
@yakyakyak69 Nice deflection, but that wasn't why Wall Street bought it. It was a get rich quick scheme by the banks with the help of a rating agency giving these horrible loans a "Triple A" rating (the highest possible) so people would buy these bundles of shit and the banks make some quick cash. The house of cards came tumbling down and Fanny & Freddy were minor parts compared to the whole of the problem - which involved some of the largest banks in the world.
Wall Street & the Banks know Crap Paper when they see it.
They ONLY purchased these CRAP mortgages because the Progressive-Socialists passed LAWS to back these CRAP mortgages with TAXPAYER money because "everyone deserves to own their own home for social justice".
Keynesian Central Planning using other people's debt and counterfeit debt-currency ALWAYS creates "Unintended Consequences" called a "bubbles".
@yakyakyak69 Wow, you have no clue. Do you even read the Wall Street Journal or other respectable business newspapers or do you just look for opinion pieces? I mean to not blame AIG, CityBank, etc. for any of this mess with the derivatives market, etc. is total bullshit. Fanny and Freddy were encouraged to make high risk loans, correct, but the others were not.
You just went from an opinion, and grabbed your own facts to support that opinion because Wall Street freemarketeers can do no wrong.
If you REALLY want to STOP bad behavior, then you MUST ASK WHY and seek the very ROOT of the problem.
Did AIG, CityBank and others help crony-politicians set up the bubble environment with easy, cheap mortgages? Yes, but NOT without guarantees of gov't backed (Fanny-Freddy) mortgages.
Politicians were played, but NOT without political gain on their part. The FACT is that NONE of this could happen WITHOUT central planning cronyism shorting out free market consequences
@yakyakyak69 Yeah, you have no clue what happened. Fanny and Freddy had nothing to do with the loans made by CityBank and others. AIG insured their bad security bundles to make more money. It was a pyramid scheme hatched by financial capitalists, not the government.
NONE of these "sub-prime" loans... NOT ONE could have been or would have been issued WITHOUT the backing of Fanny & Freddy which are backed by the US Taxpayer.
Without the Central Plannign by the Progressive-Socialists and their Community Reinvestment Act (LAW) there would have been NO bubble and thus NO bubble collapse.
Corporatism is NOT Capitalism. Corporatism is a form of Socialism because Corporatism is "Public-Private Partnerships" shorting out the market.
@yakyakyak69 You misunderstood my use of capitalist. I was talking about the geniuses who clearly knew these loans that they were making were risky, but they continued to make them because they developed a scheme to get them off their corporate books. Both President Clinton and Republicans who supported the repeal of Glass-Steagal are to blame for this as far as the gov't is concerned, but the removal of regulation allowed for this collapse as it allowed corporations to take these larger risks.
This whole thing was cooked up by the Fed and the Progressives in Congress who wanted "social justice" both NeoCons and Democrats.
The blame lies with cheap, easy, FIAT debt currency creating an environment where crony corporatism where success is kept and failure is transferred to the taxpayers can pretend to be capitalism which when FREE has REAL consequences.
The banks played in the pool that was filled with unintended consequences of Keynesian central planning.
@yakyakyak69 The banks went far beyond the original idea. They created these bundled up shit mortgages and trade them on a backroom market so they could shift that risk onto others. THAT had nothing to do with anything Keynesian.
This is one DIRECT "Unintended Consequence" aka "Blow Back" of Keynesian Central Planning.
As long as you Progressive National Socialists insist on sticking your head in the sand, these problems will get worse because YOU are NOT allowing them to be checked by market forces like BANKRUPTCY and LITIGATION.
The bad players SHOULD have been fined & imprisoned and NOT given a promise of a huge payday in the form of a taxpayer funded bailout.
@yakyakyak69 The "bad players" techinically did nothing illegal. The regulations that were in place to prevent them from doing what they did were stripped away by the Clinton administration and Republican Congress in the 90s, then stripped back even more by the Bush administration and Republican Congress because of this crazy belief that ANY regulation is bad.
and "Progressive National Socialists"? Now I KNOW you got that shit from Beck because I watched that episode too and it's bullshit.
"The "bad players" techinically did nothing illegal. The regulations that were in place to prevent them from doing what they did were stripped away by the Clinton administration and Republican Congress in the 90s, then stripped back even more by the Bush administration and Republican Congress ...".
Agreed! Progressive "social justice" because "home ownership is a right" LIE CAUSED this crony-political misfeasance. Promise of bailouts created malinvestment.
"The "bad players" techinically did nothing illegal. The regulations that were in place to prevent them from doing what they did were stripped away by the Clinton administration and Republican Congress in the 90s, then stripped back even more by the Bush administration and Republican Congress..."
YES, Progressives wanted "social justice" i.e. "home ownership is a RIGHT".
This LIE caused crony-political Malfeasance & the Malinvestment leading to bubble & collapse.
I hate limbaugh's fat drug addicted ass but he's right about the ridiculousness of the car. It's VERY impractical. The Nissan leaf is a car you can drive for 100 miles then you have to recharge it it's ridiculous
@XforeverlongingX The Leaf is a purely electric vehicle whereas the Volt is not. The Volt is a hybrid-electric so it still has a gas tank, but the gas won't come into play until you hit that 40 mile mark. Apparently GM is claiming it will have a 9 gallon tank and will get around 45-50 miles to the gallon. If that's true, the range on the Volt is significantly larger and makes it far more ideal if you plan to travel more than 100 miles at a time.
Rush's weirdness aside, the volt deserves serious scrutiny. It doesn't have a pure electric drivetrain as GM originally promised, it is in fact a hybrid much like the Prius, albeit with larger batteries. The price is astronomical, and GM honesty and quality is abysmal. They paid back their debt .... with more debt, and foisted the Chevy Colorado on unsuspecting consumers. These are all recent blunders in a long, failing record.
Ironically who are the people that actually by the real GM products (not including Volts)? It's conservatives that buy GM products. Although liberals claim to support the UAW they don't touch American cars, and they're not buying Volts en masse - nobody is.
The libz call for support of the Volt seem to be a tad insincere considering that they couldn't wait to put Hummer out of business. There were more Hummers sold than there will ever be of Volt based vehicles.
brandywells 2 months ago
Motor trend car of the year is not about the best car made it's about best car of the year meaning new arrival or significantly updated.
volt doesn't sell because it's a loony design
dave777blaster 9 months ago
Good heavens...who even listens to Rush any more? I didn't even know he still does a radio show.
mellotrongirl 1 year ago
I don't understand why rush is so against american cars he says he is a true Patriot but seems to me that he is anti american along with most republican voters and elected officals. the us needs the chevy volt ,tesla s sedan and roadster,Fisker Karma sedan to succed so people can stop buying ugly japanese hybrids such as the toyota prius and the nissan leaf.
pzivg43 1 year ago
LMAO! Motor Trend bitched slapped Limbaugh!
tigerzebra 1 year ago
The only thing that will pull this country out of its slump is innovation. Republicans, for whatever reason, will kick and scream and stomp their size seven feet any time a breath is spoken about doing anything slightly differently. Cheers to GM, cheers to the Volt, boo and boo and boo to fat, loathsome Limbaugh and his ilk.
disneylandman66 1 year ago 2
I never thought my political laugh of the day would come from a car magazine. Thank you Motor Trend.
rg0057 1 year ago
Just remember, driving and Oxycontin don't mix.
OMG, thank you Motor Trend. Somebody had to hit him on that.... And Rush thinks that: "Motor Trend Magazine -- that's the end of them." Seriously? ROFLMAO
Gumboz1953 1 year ago 2
LOL! Epic burn. On a side note, that guy is hot!
awsmdawson 1 year ago
Republicans won't be happy until we're all driving Datsuns and whatever junker China is making.
dizzymasekela 1 year ago 2
@weslee02 not only is he married but he's married to a lawyer who can sue your ass
tishhead 1 year ago
@weslee02 Speaking of someone losing total credibility by speaking on something they know nothing about....
Arcangelo 1 year ago
@weslee02 Christopher Hayes, editor of 'The Nation' magazine. He is straight and married.
hyperballad22 1 year ago
I love how its America first. Is America really first Rush? He is angry by the success of an American company. Yeah and he wants Obama to fail. All this and wrapped in the American flag. Maybe we should see HIS birth certificate. lol
loveispeace12 1 year ago 5
@loveispeace12 that is a GREAT IDEA!!!! we should demand to see all of the birth certificates of all of the Republicans who are bashing America and bashing American success and cheering for American failures. They cheered when we didn'T get the Olympics... they boo this accomplishment... they hope that the President fails on domestic and foreign fronts and try whatever they can to make him fail. That is NOT American. Papers please!
naturalmystic33 1 year ago
The way Rush is slurring I think he is on Oxycontin as he's speaking.
MaryJesusJoseph 1 year ago
GM was given a $49.5 billion in bailout. Only $6.7B of this was a pure loan, the government (we the taxpayers) purchased 60.8% equity in GM, meanwhile Canada ALSO transferred an additional $9.5 billion to GM, $1.4B was a loan and $8.1B is an equity purchase.
The Obama administration put $13.4B MORE aid money as "working capital" to pay back the government loan.
The Treasury Department got $11.7B back from GM's IPO.
GM was NOT bailed out, the UAW Union was.
bend & spread-em
yakyakyak69 1 year ago
@yakyakyak69 We're in the process of getting our money back with interest and the treasury still has a lot of common stock in GM. The value of that stock is higher now than when we took ownership of it and I'm sure GM would like to get some real investors in there so they'll be buying that back soon as well.
Whether you were for or against the bailout in the beginning, there's no doubt now that an investment in America was a good one (hey, it worked during WW2).
DisturbedHavok 1 year ago
@DisturbedHavok
So we abandoned the free market system, contract law and fairness while stiffing past creditors and shareholders while ,ignoring all GM past bad decisions and debt so that we can give taxpayer money to replace win-lose market dynamics with socialist win-make others pay if you lose cronyism?
The ONLY thing this has to do with WWII is then we resisted Fascism (crony-corporatism) and NOW we embrace it to pander for "union support" using other people's money.
yakyakyak69 1 year ago
@yakyakyak69 Fascism? Fascism would mean this was a giveaway to GM and Chrysler and it wasn't. This was a loan and a purchase of stock in the companies. So what if it was to save union jobs? They weren't the ones who made the bad business decisions and to have that many lose their jobs would have made the recession far worse.
We've had a mixed market system, not a free market one, for almost the last century. I'm sure creditors and shareholders would have loved it had GM went bankrupt.
DisturbedHavok 1 year ago
@DisturbedHavok
ZERO interest "loans" are a give away and when you "loan" to one without "loaning" to another, then you are playing favorites with OTHER people's money while rewarding bad behavior and punishing those who play by the rules. What message does THAT give to those who DON'T screw-up.
It tells people that THERE ARE NO RULES and the ONLY thing that matters is political connections. THAT is crony-corporatism which is a form of Socialism and it is CORRUPT!
yakyakyak69 1 year ago
@yakyakyak69 The actual loan had a 7% interest rate (you can find that out from Forbes website), but you know, keep talking as if it was just a gift and it didn't work out well in the end.
DisturbedHavok 1 year ago
@DisturbedHavok
The Obama administration put $13.4B MORE aid money as "working capital" to pay back the government loan. This was a GIFT to the UAW that competitors did NOT receive thus REWARDING bad behavior.
Other GIFTS:
1) Giving a "loan" to non credit-worthy borrowers
2) No amortization schedule
3) Risk born by taxpayers NOT borrower
4) Promise of MORE if "required"
5) Tax incentives for Volt purchase
6) Tax waivers for plant placement
There are MANY more!
yakyakyak69 1 year ago
@DisturbedHavok
Typical Central Planning Failure 101:
1) Progressives passed the Community Reinvestment Act to force lenders to lower lending standards for “social justice”. Fed lowed interest rates & increased fiat currency.
2) Gov't backed Fanny & Freddy bundled sub prime to comply with CRA & to sell on Wall Street.
3) Wall Street bought sub prime BECAUSE of Gov't backing & too big to fail promises FROM Congress.
4) Meltdown when gov’t backed sub prime mortgages adjusted.
yakyakyak69 1 year ago
@yakyakyak69 Nice deflection, but that wasn't why Wall Street bought it. It was a get rich quick scheme by the banks with the help of a rating agency giving these horrible loans a "Triple A" rating (the highest possible) so people would buy these bundles of shit and the banks make some quick cash. The house of cards came tumbling down and Fanny & Freddy were minor parts compared to the whole of the problem - which involved some of the largest banks in the world.
DisturbedHavok 1 year ago
@DisturbedHavok
Wall Street & the Banks know Crap Paper when they see it.
They ONLY purchased these CRAP mortgages because the Progressive-Socialists passed LAWS to back these CRAP mortgages with TAXPAYER money because "everyone deserves to own their own home for social justice".
Keynesian Central Planning using other people's debt and counterfeit debt-currency ALWAYS creates "Unintended Consequences" called a "bubbles".
What goes up...
Fwank, Fanny, Freddy & the Fed are GUILTY!
yakyakyak69 1 year ago
@yakyakyak69 Wow, you have no clue. Do you even read the Wall Street Journal or other respectable business newspapers or do you just look for opinion pieces? I mean to not blame AIG, CityBank, etc. for any of this mess with the derivatives market, etc. is total bullshit. Fanny and Freddy were encouraged to make high risk loans, correct, but the others were not.
You just went from an opinion, and grabbed your own facts to support that opinion because Wall Street freemarketeers can do no wrong.
DisturbedHavok 1 year ago
@DisturbedHavok
If you REALLY want to STOP bad behavior, then you MUST ASK WHY and seek the very ROOT of the problem.
Did AIG, CityBank and others help crony-politicians set up the bubble environment with easy, cheap mortgages? Yes, but NOT without guarantees of gov't backed (Fanny-Freddy) mortgages.
Politicians were played, but NOT without political gain on their part. The FACT is that NONE of this could happen WITHOUT central planning cronyism shorting out free market consequences
yakyakyak69 1 year ago
@yakyakyak69 Yeah, you have no clue what happened. Fanny and Freddy had nothing to do with the loans made by CityBank and others. AIG insured their bad security bundles to make more money. It was a pyramid scheme hatched by financial capitalists, not the government.
DisturbedHavok 1 year ago
@DisturbedHavok
NONE of these "sub-prime" loans... NOT ONE could have been or would have been issued WITHOUT the backing of Fanny & Freddy which are backed by the US Taxpayer.
Without the Central Plannign by the Progressive-Socialists and their Community Reinvestment Act (LAW) there would have been NO bubble and thus NO bubble collapse.
Corporatism is NOT Capitalism. Corporatism is a form of Socialism because Corporatism is "Public-Private Partnerships" shorting out the market.
yakyakyak69 1 year ago
@yakyakyak69 You misunderstood my use of capitalist. I was talking about the geniuses who clearly knew these loans that they were making were risky, but they continued to make them because they developed a scheme to get them off their corporate books. Both President Clinton and Republicans who supported the repeal of Glass-Steagal are to blame for this as far as the gov't is concerned, but the removal of regulation allowed for this collapse as it allowed corporations to take these larger risks.
DisturbedHavok 1 year ago
@DisturbedHavok
This whole thing was cooked up by the Fed and the Progressives in Congress who wanted "social justice" both NeoCons and Democrats.
The blame lies with cheap, easy, FIAT debt currency creating an environment where crony corporatism where success is kept and failure is transferred to the taxpayers can pretend to be capitalism which when FREE has REAL consequences.
The banks played in the pool that was filled with unintended consequences of Keynesian central planning.
yakyakyak69 1 year ago
@yakyakyak69 The banks went far beyond the original idea. They created these bundled up shit mortgages and trade them on a backroom market so they could shift that risk onto others. THAT had nothing to do with anything Keynesian.
DisturbedHavok 1 year ago
@DisturbedHavok
This is one DIRECT "Unintended Consequence" aka "Blow Back" of Keynesian Central Planning.
As long as you Progressive National Socialists insist on sticking your head in the sand, these problems will get worse because YOU are NOT allowing them to be checked by market forces like BANKRUPTCY and LITIGATION.
The bad players SHOULD have been fined & imprisoned and NOT given a promise of a huge payday in the form of a taxpayer funded bailout.
Message: Win by cheating!
yakyakyak69 1 year ago
@yakyakyak69 The "bad players" techinically did nothing illegal. The regulations that were in place to prevent them from doing what they did were stripped away by the Clinton administration and Republican Congress in the 90s, then stripped back even more by the Bush administration and Republican Congress because of this crazy belief that ANY regulation is bad.
and "Progressive National Socialists"? Now I KNOW you got that shit from Beck because I watched that episode too and it's bullshit.
DisturbedHavok 1 year ago
This has been flagged as spam show
@DisturbedHavok said:
"The "bad players" techinically did nothing illegal. The regulations that were in place to prevent them from doing what they did were stripped away by the Clinton administration and Republican Congress in the 90s, then stripped back even more by the Bush administration and Republican Congress ...".
Agreed! Progressive "social justice" because "home ownership is a right" LIE CAUSED this crony-political misfeasance. Promise of bailouts created malinvestment.
yakyakyak69 1 year ago
@DisturbedHavok said:
"The "bad players" techinically did nothing illegal. The regulations that were in place to prevent them from doing what they did were stripped away by the Clinton administration and Republican Congress in the 90s, then stripped back even more by the Bush administration and Republican Congress..."
YES, Progressives wanted "social justice" i.e. "home ownership is a RIGHT".
This LIE caused crony-political Malfeasance & the Malinvestment leading to bubble & collapse.
yakyakyak69 1 year ago
I may not have liked the bailout but damn... That burn was well deserved and kudos to those a chevy who had that written!
spartacandream 1 year ago
I hate limbaugh's fat drug addicted ass but he's right about the ridiculousness of the car. It's VERY impractical. The Nissan leaf is a car you can drive for 100 miles then you have to recharge it it's ridiculous
XforeverlongingX 1 year ago
@XforeverlongingX The Leaf is a purely electric vehicle whereas the Volt is not. The Volt is a hybrid-electric so it still has a gas tank, but the gas won't come into play until you hit that 40 mile mark. Apparently GM is claiming it will have a 9 gallon tank and will get around 45-50 miles to the gallon. If that's true, the range on the Volt is significantly larger and makes it far more ideal if you plan to travel more than 100 miles at a time.
DisturbedHavok 1 year ago
Rush's weirdness aside, the volt deserves serious scrutiny. It doesn't have a pure electric drivetrain as GM originally promised, it is in fact a hybrid much like the Prius, albeit with larger batteries. The price is astronomical, and GM honesty and quality is abysmal. They paid back their debt .... with more debt, and foisted the Chevy Colorado on unsuspecting consumers. These are all recent blunders in a long, failing record.
Oh, and Motortrend - you are a tool.
NaughtyPagan 1 year ago
motortrend FTW
downwindspiral 1 year ago