How did GM get away with filling bankruptcy when they received the BILLIONS from the tax payer bailout? What a sham! I thought the bailout was to prevent a bankruptcy I don't even think they needed the money to begin with! I feel GM's greed took the American people and our government for fools! And we won't ever get our tax dollars back. It makes me sick to hear how much there white collar employees are getting in bonuses when they still owe the tax payers billions!
Repaid in full.... Gawd. Lying live on national TV.
I looked up every single car GM offers for Europe and they are ALL rebadged Korean cars. Not american cars built in Korea, Korean built cars. The only thing american on them is the GM badge which is probably made in China. GM took their half of the 100 billion bailout money and effectivelly fled the country. Abandoning 90 enormous factories in Michigan, effectively bankrupting the state and shutting down half of USAs manufacturing.
government motors is still trying to get people to believe they're number one to get people to buy their vehicles. I see a few of those bailout autos on the road and they don't even know they're paying for their bailout vehicle and their taxes as well as all of our taxes are paying for government motors loan they haven't payed back.
Karl Marx predicted this nonsense whereby government becomes the corporation and the corporation becomes the government - a dangerous pair of bedfellows indeed. This was predicted eons ago and yet the trap so conveniently set has now become the one that ensnares us all.
Also, forty years ago the fall of America was predicted in Toronto Life magazine, the west becomes the prey of the Tiger and Dragon. The vultures are circling overhead, waiting to pick the bones clean.
its funny to see people have such a problem with gm admitting their faults and trying to fix things, its obvious they were not going to be able to pay 50billion off so quickly but they are trying, GM is not perfect i know that but look around you there aint much that is anymore
@fischsnopro You are treating GM as if it were a person, some American neighbor with a minor character flaw, like anyone you'd meet in the workplace or at church, etc.. And Whittiker WANT's us to identify GM with America, as if those 50 Stars on the flag were the 50 billion we shelled out for their shit. I could forgive a murdered more easily then I could GM. At least a murderer is a person, and we can lock his ass in jail for what he does.
When a Brand new manufactured car (from GM Factory) is built and sold to a person owning a Dealership (example Henderson Chevrolet), is it not then a used vehicle thus should be sold at used car value price? Because when we buy a brand new car from Henderson Chevrolet, had it delivered to our garage brand new, is that not still a Brand new car like GM delivered cars to Henderson Chevrolet?
I think that the fat cats should have a low salary (If the company is filing for bankruptcy) You should also keep in mind that once the foreign car companies started to stick their noses into the American market, everything got difficult. American companies (employing Americans) can not compete with asian automakers with employees that work for so much less. Asian automakers also copy off all other brands-(look at Kia, And hyundai) that is bad for the market if mindless copying is allowed.
Lying bastard! I'll never own another GM. I filed a formal complaint against these lying pricks over this commercial with the FCC and I urge all of you to do so. Tell them GM lied because they did. This is false advertisment. In truth it was all part of the grand scheme to get our retirement funds from the Federal Resurve. The biggest bank robbery in the world took place here. These bastards should be in prisoned for yrs then shot for fraud,bank robbery,treason,...What low life assholes!
Hello, try my flash game about CAR INDUSTRY. Adress is: (some youtube's filter is here, so it is with space's ): w w w . e v i l - e r r o r . n e t / s o c k a
Hello, try my flash game about CAR INDUSTRY. Adress is: (some youtube's filter is here, so it is with space's ): w w w . e v i l - e r r o r . n e t / s o c k a
The cost is that GM now has an office of "Diversity Hiring" which is the same as a Marxist/Reperations foothold in one of America's largest companies. It is a handout to minorities and unions that persists after the funding is done. GM may have returned capital to the state but it hasn't returned the state to the capital - know what I mean?
GM is now the front running oligarchal monster that every constitution revering person should abhor.
The cost is that GM now has an office of "Diversity Hiring" which is the same as a Marxist/Reperations foothold in one of America's largest companies. It is a handout to minorities and unions that persists after the funding is done. GM may have returned capital to the state but it hasn't returned the state to the capital - know what I mean?
GM is now the front running oligarchal monster that every constitution revering person should abhor.
we needed to bail them they created a lot of jobs and then we need to perserve american carss its one of the few things thats american made anymore its a part of our culture and we need to perserve that
@LuckyLuciano5101 How old are you? Don't you understand that failure and bankruptcy is one of the most important factors in capitalism? It drives companies in America to make good products and thereby create profitable long-term jobs for people. Should we have bailed out the ice companies back when electric refrgierators were invented? Afterall, those icebox ice delivery men were all put out of business? Should we prop up failed business to save a few jobs at the expense of everyone else?
@happinessisnowhere We are not talked "a few jobs" The failure of GM and Chrysler would have resulted in the immediate loss of literally hundreds of thousands of jobs across the country and unemployment of around 20 to 25 percent. Just imagine how many industries supply the auto industry. We would have to teach our children about the Great Depression, we'd be living in it. U.S. auto makers have had to face an unlevel playing field for years.
@Whipple236 It is better to be unemployed and to rebuild with a sound foundation than to bend over and work gratefully for a crime syndicate, or to be force fed shit. Do we even deserve freedom?
You can't see that this commercial was a marketing plan? By making all of the customers who took in all those old cars into cash for clunkers think that GM has paid back the loan so they're doing good now and those customers who got an Import out of the cash for clunkers deal would come back to GM, thus boosting sales. I mean it is as plain as that.
Incredible how they betray to everybody... And they are the first saying 'Don't buy Toyota, we are american' while Toyota is more American than GM... sad to see this... Dishonest companies.
@DtorBill yeah GM have been fooling American people for a long time with the battle cry BUY AMERICAN but they have been making cars from China Mexico Korea Canada and elsewhere. yeah that BUY AMERICAN.
@CHEVYHAEOVN You are right. The question is... have you seen how many ignorant guys still think their cars (GM) are 100% American... They even made a battle here against others... just because of 'ignorance'
I'm not buying American cars any more, this is such bullshit. We are owned by these fucking Corperations and Super wealthy Families. Fuck it, it benefits me more to buy a Japanese car instead and that's sad.
@MrROTD Buy Ford! I know we have been had. Hell Ive been had to the higest degree. I dontated to campaigns. Then I got blant liars on TV showing adds.
What do you expect from a car company that is run by a greedy, lazy, group of lying gangsters known as the UAW? THEY are the ones that, for all practical purposes, control the car company. (BTW, before you start hatin', know that I was a member of the UAW for almost 3 years.) Fuck GM. I will continue to invest my hard-earned money in my immeasurably superior Asian cars, thank you very much.
hope general public dont get sucked into beleiving this bullshit propaganda GM is advertising. AND I hope GM dont beleive they have repaid taxpayers ALL money that were given to them to stay in business.
The Fucking audacity of these arrogant motherfuckers!!!! Fuck their cheap ass cars, as soon as I'm done with my lease, I'm getting a Ford or even a Toyota!!!
This is rubbish. They have not paid back the entire bailout of $49.5 billion, rather they paid back the loan portion of $6.7 billion (including interest @ 7%). However this is only possible because GM has applied for a $10 billion dollar loan from the Department of Energy @ 5%. So, GM which is still owened by the US and Canadian Govt's paid back gov't money using gov't money to get more gov't money. This is all smoke and mirrors, folks!
@LiberalismDisorder Wait a minute. You won't buy GM cars because it owned by the government and it a shitty car to begin with? Hmmm, that tells a lot about you. Maybe you and GM do belong with each other.
I heard about how they tried to pull this repayment lie, & 5 years early. Right! They want people to think the economy is recovering but when the stimulus stops lets see how many cars they sell. To lie to the American people when tax payer money has paid for their bailout was really a very, very stupid business move.
You will notice where this commercial runs on youtube by gmblog, the comments are turned off. Oh, well, that would ruin the play aka hoax.
This gov't crony like all of the arrogant gov't officials in DC think that the people are stupid. Thank God for the internet because the MSM won't cover this or any other low hanging fruit that centers around this administration.
Of course, Mark Lloyd and the FCC misfits are trying to tie off this loose thread.
Ford is GM little brother. anyway, thats another story.
This GM CEO dont care about the company future, he care about his own future.
Even if he get Fired next year, he would already make more than 100million of dollar out of his good hard work in GM.
Well. 100 million for 1 year work sound too cheap. how about 500million of dollar for 1 year work !!!. will that anger you ?? 500million for being a monkey for a year. not bad huh....
Im an American and im soo not proud of this sorry ass company, They dont even employ as many Americans as some of the foreign car companys. Ford is a much better company.
When I first heard about GM repaying their loans I wonder how the hell they get the Money from. i know is not from their earning.
I knew they were getting a 2nd loan to repay their 1st loan (I knew it).
Just like you get a 2nd credit card to repay your 1st credit card bills. (smart move GM) but it will hurt you in a long run.
But then again, in a run long the current GM CEO will be 100s Millions Richer and he will probably retire in 2 year from now. so now whos the dumbas$ !!
"I knew they were getting a 2nd loan to repay their 1st loan"
GM robbed Peter to pay Paul.
Technically, GM did pay off the debt, but only incurred another one in its place with taxpayer money so they're back to square one.
I believe they did this purely for PR. All this to create the illusion of dealing with the debt to look good because the bailout was so unpopular with Americans that it became another stigmatizing thing to GM.
Too bad they did a sloppy job concealing what really happened.
Lying liars who deceive and cheat. Write GM and tell Mr. Whitacre what you think about his dishonest shellgame distortion of truth. The Obama administration has taught him well.
I'll do better: I'll tell them how I feel with my dollars by NOT buying a GM product, EVER. GM will never get any of my business until GM is no longer beholden by the Government and the Unions through the company's stock.
@Watcher3223 I won't buy GM until that time, either. I think a flood of bad publicity through letters to GM, pressuring the media to tell the full story, and even picketing their facilities and corporate offices will be a sufficient spark to light the fire of truth and reality to expose this disgusting dishonest commercial.
As long as Barry Soetoro is in the White House, you won't have to buy a GM car for them to get more of your money - they'll just cry "bailout" again - and the same thing will start all over again.
If anybody believes this bs,should really get there head out of there ass. Either GM was never in financial trouble......or they had the funds the whole time. Now everyone knows that GMs' profits did drop dramatically since the bail out package. How the hell did they paid back this loan when there sales have dropped to a history low? Maybe it's a way of showing people that the government is good and that they are there to help there people......wake up people!!! Does NWO mean anything to you?
@IdiotsForObamaCom you got that right they payed back 6 million but still owe 65 million just like gm to lie threw thier teeth we will half to pay the 65 million back with are tax money so they can build more junk
Not only is the blogprof correct, one of the biggest frauds involved in this is that now the huge GM advertising budget is being hijacked to spread false government propaganda.
Why are they using their ad dollars to discuss this?
Why aren't they using their ad dollars to sell cars?
@MrFLICKYOLI Too smart to be conned for what? My wife and I both bought Buick's within the last year (Lacrosse and Regal). We formerly owned Lexus and BMW. We like the look, the feel, etc, better than our imports. We're very pleased. What does it matter how GM is paying back its loans? I'm the consumer, and I couldn't care less. lol. As long as they continue to make vehicles I like that look good and give me no trouble, I don't care how they shuffle money under the rug. It's business.
You just don't get it. It would be like mw borrowing $100 from you twice and paying the first $50 from the first $50 you gave me and saying I paid you back.
@MrFLICKYOLI Oh, I definitely get. but I don't think you do. I understand what they're doing, what I'm saying is that as the consumer, I don't 'care' what they're doing. They're not selling heroin, they're selling cars, I'm happy with my purchase, and as long as I continue to be happy with what GM is producing, it doesn't matter to me how they move around money, or whether or not they paid off a loan with other loan money. It's not illegal to do that. And last i check it was in fact business.
It is bas business and shows the company hasn't changed one bit. You might be happy with that plastic thing you bought (made in Canada) give it five years and it won't be running. That's what's so laughable.
@MrFLICKYOLI Bad business for whom? lol. GM's paying one loan off with another hasn't hurt me, you, or consumers. The idea that their making the commercial sound as though their debts are absolved is propaganda, but again, what's it matter to me? They make a product I like, as long as they do, I don't care where they're made, or if their debts are clear. I don't necessarily think it's true the cars won't run in 5 years lol. And for plastic, my BMW and my wife's Lexus were entirely plastic.
@MrFLICKYOLI Not only were they all plastic, the warranty's on both weren't as long-standing or comprehensive as GM's warranty. Five years ago we wouldn't have bought GM (and we didn't). But the 2010/2011 Buick models just looked and felt nicer than Lexus, BMW, and yes...Acura (we tested the equivalent Acura's and didn't like the interior feel or materials). Anyway, they can rob Peter to pay Paul all they like. I'm not on an ethics committee. I'm just a consumer who likes his new cars.
The fact they took your tax dollars does't bother you? Interesting. Your new Buick (laugh) may be somewhat decent for now but in two years - tops you'll regret the purchase.
A warranty doesn't do you much good when you're at the airport and your car won't start.
@MrFLICKYOLI My taxes haven't gone up due to GM, have yours? As far as Buick getting a "laugh" from you, they seem to be bitch slapping Acura, and the other imports in all of the auto reviews I've read. I'm an owner, so at the very least, I can compare what I have now to the imports I've traded.no comparison. We're happy with what we bought. Can you compare? What makes you such a GM expert to call their cars junk? Have you owned GM in the past? If not, then your comments have no credibility.
@MrFLICKYOLI "Your" and "You're" ? I don't see where I did that. I'm an English teacher, incidentally. I would only have made that mistake as a typo, and if I were you I'd be more concerned that you typed "Lexuses" instead of "Lexus". I saw the JD Power list for 2010, and saw Acura and Porsche there, but since 2010 isn't over yet (lol), I was going by the 2009 list. The list for 2010 isn't valid until 2010 is over because it's a preliminary findings list. Give me a break already lol.
Yes, 2010 is actually quite valid. Why? Because the 2010 data contains information from 2009.
As for pluralizing Lexus, Lexuses is valid as there is no official ruling. But if you want to feel like an English teacher you can use Lexi.
As for GM; the free money they received will only last so long. Then their prices will match that of the sacred Buicks (lol) and people will revert to their imports again.
@MrFLICKYOLI I'm a professor of linguistics at USC. You created LexusES out of embarrassment. You do much talking, but you answer no questions. Forget my previous questions. You made the point that you don't like GM. I get it. I don't like Acura. It's a puffed up Honda. I didn't like what I test drove, period. So what is your purpose? Trying to get me to go to the Acura Dealer ASAP and trade? Not happening. Trying to shut down GM? Go ahead and dream big...but still not happening.
USC, that figures - Hustler did a few porn shoots there. The "Real College Girls' series."
(did I pluralize that correctly?)
GM will shut itself down, I don't have to do anything. I have nothing to prove. My ten year old Acura still beats everything the domestics put out today. Its sad actually. I just red the Lacrosse is built in Shanghai! That's just funny.
Like I said time will tell; but I've seen the pattern before.
Maybe someday I'll get a certified Chevy just to beat on.
@MrFLICKYOLI You "RED" ..... Oh my GOD. You're talking about ME making typos hahaha. The Lacrosse is built in Kansas City. Look it up. And of COURSE they're built in Shanghai. Buick has a very strong following in Asia. i'ts called 'global marketing" I couldn't care less about your Acura. I don't drive 10 year old cars. I've never owned a used car or kept one long enough to worry if it's going to break down. GM is doing quite well right now, I don't see them shutting down in the next 50 years.
@MrFLICKYOLI No, lol. I never used an incorrect word. You're confusing me with the guy on the other forum with whom you're arguing. You can't keep your facts or arguments straight. First it's "your tax dollars," next it's "free money" GM got, then it's "GM will close down themselves," and finally "GM won't close down." WHICH IS IT BUDDY? You still haven't answered any questions. Taxes or free? How much did they cost you? Why should I care how they pay back loans if I like their products?
You're an adjunct english prof; walk over to the business department or ask a business major what happens when companies get free money. Yes, it will result in higher taxes and an inflated dollar. GM won't cease operation in a traditional sense but they will continue to get government subsidies until something drastic happens.
Stop trying to justify your bad purchase to me.
When you buy a product you are justifying a company's actions - including stealing from the American public.
@MrFLICKYOLI You're NOT answering me. I want to know at what point YOUR taxes went up because of GM. I want to know how their method of repayment has affected you. I want to know WHAT they stole from the American public.YOU in particular--in dollars and cents. I want to know HOW A GOVERNMENT LOAN turns into "free money" (loans are not free) are you 12 years old or something? I'm not justifying my purchase, but you're making one hell of a case for why I should buy a Honda, uh hum, Acura. blah.
I never said my taxes went up; it is called deficit spending - again ask a business freshman to explain it to you. This deficit spending inflates the dollar - making it less valuable - therefore it takes more dollars to buy stuff. This loan isn't a real loan because loans have an interest rate. GM's interest payments can be in the form of a gain in their stock price when the Government sells its share of GM.
@MrFLICKYOLI So what is your argument? And don't tell me a loan without interest is free money. That's free lending. A GRANT is free money. If it has to be paid back it's a loan...period. You know better than that. Ask your parents to explain this to you...I don't think you got it the first time around.
@MrFLICKYOLI If GM is getting free money then they had NOTHING to pay back with other loan money, which demolishes your entire argumentative premise. If it's "free money" then it was a GRANT not a LOAN. The only thing I'll justify for GM is that however they paid back their loan, playing the shell game, they didn't do anything illegal. As long as they don't conduct illegal business, and make products I like, I don't care if they blow their noses on govt. dollars. I'm happy. I'm the consumer.
@MrFLICKYOLI And you're happy driving around in a 10 year old rice rocket (which I would never in a million years be seen in)...was this Acura your first car? lol. I want to know how you're affected by GM...SPECIFICALLY. And how money that has to be paid back (with or without interest) is "free" money. hahahahaha. That's a new one. I'm gonna go ask my bank tomorrow for an interest free loan....uh, I mean, free money...the kind I don't have to pay back. hahahahahahahahaha.
@MrFLICKYOLI And you're happy driving around in a 10 year old rice rocket (which I would never in a million years be seen in)...was this Acura your first car? lol. I want to know how you're affected by GM...SPECIFICALLY. And how money that has to be paid back (with or without interest) is "free" money. hahahahaha. That's a new one. I'm gonna go ask my bank tomorrow for an interest free loan....uh, I mean, free money...the kind I don't have to pay back. hahahahahahahahaha.
@MrFLICKYOLI Ed Whitacre himself is acknowledging it was a loan. Everyone on this forum acknowledges it was a loan. You're saying "it wasn't a real loan." If it wasn't a real loan, then what in the world was it? If it wasn't a loan, then what exactly did they bother to pay back with other loan money? Can you answer ANY of these questions?
@MrFLICKYOLI If it had to be paid back, THEN IT WASN'T FREE. If it was free it would have been called a TARP "GIFT", not a TARP loan. You need a business freshman to explain it to you, not me. This whole entire forum has been about how GM poorly "repaid a loan" and you're saying they paid back "free money" that "wasn't really a loan." If what you say is the case, then you should be grateful to GM for giving back "free money" they didn't have to give back, rather than berating them..
@USAon3 You're comparing apples to oranges. You're talking about three brands, part of the company, but not representing the 'entire' company. And two of the three were duplicate brands...Pontiac/Chevy...Oldsmobile/Buick...don't you think it makes sense to cut the duplicates and keep the brands that were selling better...i.e. Chevy/Buick? But what does this have to do with the price of tea in China? How does this have anything to do with GM's repayment of their loan?
You're comparing apples to Montana. You missed the point entirely. Judging by your other responses, you can add this to the original point, which you also missed.
Off topic, here's a little trivia for you and your wife. Did you know that Buick is half-owned by the Chinese?
Enjoy your Obama Commiemobile. Most of the rest of us will buy American, thank you very much.
@USAon3 No no, I'm not missing the point at all. In fact, I've been trying to bring 'you' back to the point...GM paid one loan with another...that's the POINT of the video in this forum. My point is what's the difference how they are repaying a loan? LOL You're turning this into a purely political issue, and making it seem as though you actually spent money from your own pocket to bail out GM, which is absurd because you did no such thing.
Of course it came from my pocket. It came from all of our pockets.
Pick up a civics book. You won't find reference of taxes falling from a tree or delivered to the government by the Tax Fairy.
Since GM paid back a loan extended to them from OUR money with a loan created from MORE of OUR money, and it was all coordinated by Barry, the topic was "political" from the inception, my reference to same is completely relevant and on topic.
@USAon3 I'm a successful adult in his 30's, I'm also Ivy-league and Ph.D educated, and even if I wasn't, be assured, I understand how taxation works. lol. But now you're dodging my question rather than answering directly. HOW MUCH FROM YOU? How much money are you short on your monthly budget because of GM? Has it hurt you directly? Do you honestly think that the loan, which will be paid back, did NOT benefit humanity by sustaining 244,500 jobs for GM employees, thus preventing economic collapse?
@USAon3 And I don't care if Buick is half-owned by Chinese, Lebanese, Guatemalans or a Mayan tribe. Does it matter? Again, what's your point? If you want to make this political, do so by taking the discussion to a relevant forum. This forum is about loan repayment, not the president, the government, or patriotism. I made my point, and relevant at that. Do you plan on making one? Also, I'm waiting for you to tell me just how much money the government took from you, personally, to bail out GM???
Oh, that's right, you liberals think it's just one big happy shiny world, and you're just peachy with that.
Perhaps you don't care - but I do.
I'll bet your SinoBuick looks really cool in the parking lot of your liberal indoctrination center (aka, USC). But how is it received at the club, inserted among actual luxury vehicles? "Oh dear, prof bought a Buick - let's ostracize him."
And I'll take the political talk where I choose. Thank God Barry hasn't taken the 1st Amendment away yet.
@USAon3 uh hum...what makes you think I'm liberal? I didn't vote for Obama. And this isn't germane to the conversation; regardless, Buick markets itself as a luxury brand. MotorTrend ranked my car as "luxury car" of the year. Consumer Digest ranks it as a "best buy" among luxury sedans, and JD Power, for years, has had Buick at the top of the list in initial quality, hence the reason we chose to trade our Lexus. FORD is certainly not luxury (lol) it wasn't even in our realm of consideration.
@USAon3 Listen. We read all of the good press on the Buick. There are no negative reviews we could find on the model we purchased. Only praise. And for the $43,000 we paid (I don't even think Ford sells a model for that price) it ranks as luxury. Here's a fact--GM, having received a bailout, saved 244,500 jobs. As a patriotic republican, I would think YOU would be thrilled by that. Another fact--GM makes a brand I'll buy, and their business practices have not picked my pocket or yours.
@MrFLICKYOLI What about this "free money" you say GM received? A few posts ago it was "your tax dollars" they received. My opinion of GM right now is high, because I'm a satisfied customer. That's my opinion which of course doesn't have to be your opinion, but when you say "tax dollars" I'd love to know which tax dollars belonging to YOU are unaccounted for because of GM??? If GM wronged you because of their business practices, I wanna know when and for how much? Or was it free money (lol)?
@MrFLICKYOLI Conversely, I can tell you that I know equally as many people who have traded their imports for GM. I'm one of them. When these people you knew traded their GM vehicles for lexusES (lol) and Acuras, what year was this? If you tell me 5 years ago, I'd believe you. If you tell me, "within the year" I'd be suspicious. And still, I'm asking again, what makes you the expert on GM being junk and Acura reigning supreme? Furthermore, what does this have to do with the topic of this forum?
@MrFLICKYOLI Btw, where do you get the idea my car will last two years tops? for the last several years, Buick ranked as the #1 most reliable vehicle on JD Power's list. They were on that list for years, then made #1 tying Lexus. Then they beat Lexus. Then Buick tied Jag for #1. Acura was wasn't even in the top 5. You're grandstanding for imports, lol. You have no argument.
if you don't "care", then fine. Next time Government Motors asks for another handout, please pay my share. They're not fleecing heroin buyers ,they're fleecing car buyers. I'm pretty sure you don't "care" where your money goes, but you can be sure I care about mine.
How does it feel to pay for a car twice?
You enjoy your Obama Buick.
I enjoyed Fords even before they never took a dime of my money for a "bailout" - and gee, lookit that - they're showing a profit anyway.
@USAon3 I'm enjoying my car very much. As for "your" money, I'd like to know exactly how much of GM's loan, precisely down to the penny, was "your" money. How much actually came out of your pocket? Give me a number, and I'll write congress on your behalf and ask them to refund you the .38 cents that was yours (if that). I think paying for my car "twice" is a bit of a hyperbole. And you know what really costs American's money?Job loss and poverty, which would have been the result of losing GM.
@USAon3 Have you considered that over 240,000 people still have jobs because GM was bailed out? That type of loss has more potential to hit your pockets than the loans GM was given.
GM Sucks!
How did GM get away with filling bankruptcy when they received the BILLIONS from the tax payer bailout? What a sham! I thought the bailout was to prevent a bankruptcy I don't even think they needed the money to begin with! I feel GM's greed took the American people and our government for fools! And we won't ever get our tax dollars back. It makes me sick to hear how much there white collar employees are getting in bonuses when they still owe the tax payers billions!
tbzooski 3 days ago
Repaid in full.... Gawd. Lying live on national TV.
I looked up every single car GM offers for Europe and they are ALL rebadged Korean cars. Not american cars built in Korea, Korean built cars. The only thing american on them is the GM badge which is probably made in China. GM took their half of the 100 billion bailout money and effectivelly fled the country. Abandoning 90 enormous factories in Michigan, effectively bankrupting the state and shutting down half of USAs manufacturing.
Janusha 5 days ago
government motors is still trying to get people to believe they're number one to get people to buy their vehicles. I see a few of those bailout autos on the road and they don't even know they're paying for their bailout vehicle and their taxes as well as all of our taxes are paying for government motors loan they haven't payed back.
IEATZR1 2 weeks ago
fuck gm buy ford
getitson123 2 weeks ago
Karl Marx predicted this nonsense whereby government becomes the corporation and the corporation becomes the government - a dangerous pair of bedfellows indeed. This was predicted eons ago and yet the trap so conveniently set has now become the one that ensnares us all.
Also, forty years ago the fall of America was predicted in Toronto Life magazine, the west becomes the prey of the Tiger and Dragon. The vultures are circling overhead, waiting to pick the bones clean.
And Nostradamus ...
SecondtothePope 1 month ago
its funny to see people have such a problem with gm admitting their faults and trying to fix things, its obvious they were not going to be able to pay 50billion off so quickly but they are trying, GM is not perfect i know that but look around you there aint much that is anymore
fischsnopro 2 months ago
@fischsnopro You are treating GM as if it were a person, some American neighbor with a minor character flaw, like anyone you'd meet in the workplace or at church, etc.. And Whittiker WANT's us to identify GM with America, as if those 50 Stars on the flag were the 50 billion we shelled out for their shit. I could forgive a murdered more easily then I could GM. At least a murderer is a person, and we can lock his ass in jail for what he does.
nobodady1 2 months ago
shouldve taken that 1.9 million dollar cheques for the remaining EV-1's they trashed. GM is for retards
1greenMitsi 2 months ago
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When a Brand new manufactured car (from GM Factory) is built and sold to a person owning a Dealership (example Henderson Chevrolet), is it not then a used vehicle thus should be sold at used car value price? Because when we buy a brand new car from Henderson Chevrolet, had it delivered to our garage brand new, is that not still a Brand new car like GM delivered cars to Henderson Chevrolet?
tnguyen318 3 months ago
Post you source material so others can spread the word, they can't say , "he said so" .
riverstrat 6 months ago
LONG LIVE GM!!!!
ClevelandOrangeDawgs 9 months ago
LOL @ GM lying to everyone AGAIN
fdjizm 10 months ago
I think that the fat cats should have a low salary (If the company is filing for bankruptcy) You should also keep in mind that once the foreign car companies started to stick their noses into the American market, everything got difficult. American companies (employing Americans) can not compete with asian automakers with employees that work for so much less. Asian automakers also copy off all other brands-(look at Kia, And hyundai) that is bad for the market if mindless copying is allowed.
Staytheredoggy 1 year ago
Lying bastard! I'll never own another GM. I filed a formal complaint against these lying pricks over this commercial with the FCC and I urge all of you to do so. Tell them GM lied because they did. This is false advertisment. In truth it was all part of the grand scheme to get our retirement funds from the Federal Resurve. The biggest bank robbery in the world took place here. These bastards should be in prisoned for yrs then shot for fraud,bank robbery,treason,...What low life assholes!
SUPERBWON 1 year ago
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Hello, try my flash game about CAR INDUSTRY. Adress is: (some youtube's filter is here, so it is with space's ): w w w . e v i l - e r r o r . n e t / s o c k a
MrDynamicpulse 1 year ago
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Hello, try my flash game about CAR INDUSTRY. Adress is: (some youtube's filter is here, so it is with space's ): w w w . e v i l - e r r o r . n e t / s o c k a
MrDynamicpulse 1 year ago
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The cost is that GM now has an office of "Diversity Hiring" which is the same as a Marxist/Reperations foothold in one of America's largest companies. It is a handout to minorities and unions that persists after the funding is done. GM may have returned capital to the state but it hasn't returned the state to the capital - know what I mean?
GM is now the front running oligarchal monster that every constitution revering person should abhor.
GatheringStorm999 1 year ago
The cost is that GM now has an office of "Diversity Hiring" which is the same as a Marxist/Reperations foothold in one of America's largest companies. It is a handout to minorities and unions that persists after the funding is done. GM may have returned capital to the state but it hasn't returned the state to the capital - know what I mean?
GM is now the front running oligarchal monster that every constitution revering person should abhor.
GatheringStorm999 1 year ago
So I have to ask how do people feel about Chrysler? Chrysler may be foreign owned now but they appear to be going in the right direction.
F1NN69 1 year ago
how dumb do they think we are how can a failing car company pay back over 30 billion dollars in a little under what 8 months
7475flyersfan 1 year ago
we needed to bail them they created a lot of jobs and then we need to perserve american carss its one of the few things thats american made anymore its a part of our culture and we need to perserve that
LuckyLuciano5101 1 year ago
@LuckyLuciano5101 How old are you? Don't you understand that failure and bankruptcy is one of the most important factors in capitalism? It drives companies in America to make good products and thereby create profitable long-term jobs for people. Should we have bailed out the ice companies back when electric refrgierators were invented? Afterall, those icebox ice delivery men were all put out of business? Should we prop up failed business to save a few jobs at the expense of everyone else?
happinessisnowhere 1 year ago 2
@happinessisnowhere We are not talked "a few jobs" The failure of GM and Chrysler would have resulted in the immediate loss of literally hundreds of thousands of jobs across the country and unemployment of around 20 to 25 percent. Just imagine how many industries supply the auto industry. We would have to teach our children about the Great Depression, we'd be living in it. U.S. auto makers have had to face an unlevel playing field for years.
Whipple236 1 year ago
@Whipple236 It is better to be unemployed and to rebuild with a sound foundation than to bend over and work gratefully for a crime syndicate, or to be force fed shit. Do we even deserve freedom?
nobodady1 2 months ago
No one believed this other than braindead Obama lefty koolaid drinking fools.
How many are going to buy the Volt.? 41,000 for a car that drives 40 miles. Wow!!!
bpentium 1 year ago
LOL There's still more to do: like going bankrupt again in a few years and needing to be bailed out with more taxpayer money!
electroplate 1 year ago
Ford is made in america. Ford has an eco friendly assembley plant. Ford is making 400 hp 401 lb torque 3l v6 engines!
MicroOrginisum 1 year ago
LOL I wish Youtube allowed more than 500 words per response.
socalguy97 1 year ago
we better get some free cars for saving their ass
7475flyersfan 1 year ago
gm is such shit
J0HN91 1 year ago
You can't see that this commercial was a marketing plan? By making all of the customers who took in all those old cars into cash for clunkers think that GM has paid back the loan so they're doing good now and those customers who got an Import out of the cash for clunkers deal would come back to GM, thus boosting sales. I mean it is as plain as that.
WillInThe04Ranger 1 year ago
I am trading in my Acura.
For another Acura!
MrFLICKYOLI 1 year ago
Thank god we have ford around. Gm couldve used that commercial money to help payback the loan but they were too stupid to do so.
MicroOrginisum 1 year ago
Many pices and eletric motors in gm produtcs are made in mexico.
MicroOrginisum 1 year ago
@MicroOrginisum
And the "new" Camaro (based on a 41-year old design) is made in Canada.
USAon3 1 year ago
@USAon3 Yeah and all their v6 and under engines come from china.
MicroOrginisum 1 year ago
GARBAGE. What a deceitful, misleading commercial.
smit1807 1 year ago
notice thos coemrcial aint on tv no more cause gm is full of bs.
FordmanHaulit3002010 1 year ago
Incredible how they betray to everybody... And they are the first saying 'Don't buy Toyota, we are american' while Toyota is more American than GM... sad to see this... Dishonest companies.
DtorBill 1 year ago
@DtorBill yeah GM have been fooling American people for a long time with the battle cry BUY AMERICAN but they have been making cars from China Mexico Korea Canada and elsewhere. yeah that BUY AMERICAN.
CHEVYHAEOVN 1 year ago
@CHEVYHAEOVN You are right. The question is... have you seen how many ignorant guys still think their cars (GM) are 100% American... They even made a battle here against others... just because of 'ignorance'
DtorBill 1 year ago
Despite the fact he may be lying to us, I still think it's a d*mn good ad!
WFR22productions 1 year ago
I'm not buying American cars any more, this is such bullshit. We are owned by these fucking Corperations and Super wealthy Families. Fuck it, it benefits me more to buy a Japanese car instead and that's sad.
MrROTD 1 year ago
@MrROTD Buy Ford! I know we have been had. Hell Ive been had to the higest degree. I dontated to campaigns. Then I got blant liars on TV showing adds.
Seattle206723 1 year ago
What do you expect from a car company that is run by a greedy, lazy, group of lying gangsters known as the UAW? THEY are the ones that, for all practical purposes, control the car company. (BTW, before you start hatin', know that I was a member of the UAW for almost 3 years.) Fuck GM. I will continue to invest my hard-earned money in my immeasurably superior Asian cars, thank you very much.
Gamezalot 1 year ago
hope general public dont get sucked into beleiving this bullshit propaganda GM is advertising. AND I hope GM dont beleive they have repaid taxpayers ALL money that were given to them to stay in business.
haloaum 1 year ago
The Fucking audacity of these arrogant motherfuckers!!!! Fuck their cheap ass cars, as soon as I'm done with my lease, I'm getting a Ford or even a Toyota!!!
trevinboy 1 year ago 2
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GM released a commercial that touted its paying back the taxpayers in full, with interest, 5 years ahead of schedule, except:
1) GM was loaned an other $49.5 billion in a TARP escrow account
2) GM used money from the TARP escrow account to pay back the TARP loan (aka - pay off one credit card with another)
3) They did it to get a $10 billion loan from DOE and not make it look bad
It is an utter fraud and lie. GM can't even cover its own expenses yet!
1969goatman 1 year ago
This is rubbish. They have not paid back the entire bailout of $49.5 billion, rather they paid back the loan portion of $6.7 billion (including interest @ 7%). However this is only possible because GM has applied for a $10 billion dollar loan from the Department of Energy @ 5%. So, GM which is still owened by the US and Canadian Govt's paid back gov't money using gov't money to get more gov't money. This is all smoke and mirrors, folks!
tripthelitefantastic 1 year ago 15
@tripthelitefantastic not to mention Cash for Clunkers was an indirect handout
timmyp34 1 year ago
I've owned GM cars most of my life.
It's likely I will never buy one again, unless they force me to. Screw Government Motors.
LiberalismDisorder 1 year ago 7
@LiberalismDisorder Wait a minute. You won't buy GM cars because it owned by the government and it a shitty car to begin with? Hmmm, that tells a lot about you. Maybe you and GM do belong with each other.
Quy4life 1 year ago
The lie is being exposed on Forbes. Let's see if the mainstream media run the story. I won't hold my breath.
toliverfive 1 year ago
Fuck you, lying sacks of shit. You didn't pay off anything you malicious bastards. you still owe the TARP loans. FUCK GM
hollayo666 1 year ago
Repay tax payer's money with tax payer's money is still a fraud. GM needs to go bankrupt now !!!!
777NVN 1 year ago
I heard about how they tried to pull this repayment lie, & 5 years early. Right! They want people to think the economy is recovering but when the stimulus stops lets see how many cars they sell. To lie to the American people when tax payer money has paid for their bailout was really a very, very stupid business move.
CentrlFlagrl 1 year ago
You will notice where this commercial runs on youtube by gmblog, the comments are turned off. Oh, well, that would ruin the play aka hoax.
This gov't crony like all of the arrogant gov't officials in DC think that the people are stupid. Thank God for the internet because the MSM won't cover this or any other low hanging fruit that centers around this administration.
Of course, Mark Lloyd and the FCC misfits are trying to tie off this loose thread.
barnold1000 1 year ago
Did the Obama crew write that commercial for GM?
What a JOKE.
eventual11 1 year ago
Ford is GM little brother. anyway, thats another story.
This GM CEO dont care about the company future, he care about his own future.
Even if he get Fired next year, he would already make more than 100million of dollar out of his good hard work in GM.
Well. 100 million for 1 year work sound too cheap. how about 500million of dollar for 1 year work !!!. will that anger you ?? 500million for being a monkey for a year. not bad huh....
usery1z 1 year ago
Im an American and im soo not proud of this sorry ass company, They dont even employ as many Americans as some of the foreign car companys. Ford is a much better company.
StunnerRunner79 1 year ago
hes walking through like he owns the place.
numbtard 1 year ago
When I first heard about GM repaying their loans I wonder how the hell they get the Money from. i know is not from their earning.
I knew they were getting a 2nd loan to repay their 1st loan (I knew it).
Just like you get a 2nd credit card to repay your 1st credit card bills. (smart move GM) but it will hurt you in a long run.
But then again, in a run long the current GM CEO will be 100s Millions Richer and he will probably retire in 2 year from now. so now whos the dumbas$ !!
usery1z 1 year ago
"I knew they were getting a 2nd loan to repay their 1st loan"
GM robbed Peter to pay Paul.
Technically, GM did pay off the debt, but only incurred another one in its place with taxpayer money so they're back to square one.
I believe they did this purely for PR. All this to create the illusion of dealing with the debt to look good because the bailout was so unpopular with Americans that it became another stigmatizing thing to GM.
Too bad they did a sloppy job concealing what really happened.
Watcher3223 1 year ago
Lying liars who deceive and cheat. Write GM and tell Mr. Whitacre what you think about his dishonest shellgame distortion of truth. The Obama administration has taught him well.
brothermoon 1 year ago
@brothermoon
I'll do better: I'll tell them how I feel with my dollars by NOT buying a GM product, EVER. GM will never get any of my business until GM is no longer beholden by the Government and the Unions through the company's stock.
Watcher3223 1 year ago 3
@Watcher3223 I won't buy GM until that time, either. I think a flood of bad publicity through letters to GM, pressuring the media to tell the full story, and even picketing their facilities and corporate offices will be a sufficient spark to light the fire of truth and reality to expose this disgusting dishonest commercial.
brothermoon 1 year ago
@Watcher3223
As long as Barry Soetoro is in the White House, you won't have to buy a GM car for them to get more of your money - they'll just cry "bailout" again - and the same thing will start all over again.
USAon3 1 year ago
Hello A lot of Americans.... this guy lies, he has a different commercial for Canada
new start more snake in the grass attitude ...It was loans America he got us too
helpAmerica1 1 year ago
If anybody believes this bs,should really get there head out of there ass. Either GM was never in financial trouble......or they had the funds the whole time. Now everyone knows that GMs' profits did drop dramatically since the bail out package. How the hell did they paid back this loan when there sales have dropped to a history low? Maybe it's a way of showing people that the government is good and that they are there to help there people......wake up people!!! Does NWO mean anything to you?
1djvibez 1 year ago
@1djvibez you got that right goverment moters is a perfect name for gm cause there just as crooked
theleahrox101 1 year ago
Liars
wolviex2008 1 year ago
Hey Shitacre, your car's are junk and you are spouting a lie.
Where's the part in the ad where they show union loafers putting ball bearins in door panels to create rattles
OBAMASTINKSLIKEANAPE 1 year ago 2
Boy, this fellow lies damn near as well when obamao does it!!!
Government Motors Crap produce just that, crap. Definitely should have been allowed to fail, and would have been in a decent capitalist country!
Damn, if this isn't the perfect reason to buy FORD!!!!! (Besides their building a better vehicle in the first place.)
MrGuntoter 1 year ago 2
@MrGuntoter like they say ford not built with your tax money dont pay for your car twice buy a ford best never rest
theleahrox101 1 year ago
BOYCOTT GM!!!!
IdiotsForObamaCom 1 year ago
@IdiotsForObamaCom you got that right they payed back 6 million but still owe 65 million just like gm to lie threw thier teeth we will half to pay the 65 million back with are tax money so they can build more junk
theleahrox101 1 year ago
are you really surprised? another Obama con job. liberals are some dumb asses.lol
we have more evidence at Idiots4Obama com of just how dumb liberals are..
IdiotsForObamaCom 1 year ago
Not only is the blogprof correct, one of the biggest frauds involved in this is that now the huge GM advertising budget is being hijacked to spread false government propaganda.
Why are they using their ad dollars to discuss this?
Why aren't they using their ad dollars to sell cars?
joezepy 1 year ago 6
G.M. spends close to 3 billion dollars per year on advertising according to AdAge.
joezepy 1 year ago
@joezepy
Because people like me are too smart to be conned into buying American.
I'm keeping my Acura. When it finally dies - I'm getting another Acura.
Fuck GM and the UAW.
MrFLICKYOLI 1 year ago
@MrFLICKYOLI Too smart to be conned for what? My wife and I both bought Buick's within the last year (Lacrosse and Regal). We formerly owned Lexus and BMW. We like the look, the feel, etc, better than our imports. We're very pleased. What does it matter how GM is paying back its loans? I'm the consumer, and I couldn't care less. lol. As long as they continue to make vehicles I like that look good and give me no trouble, I don't care how they shuffle money under the rug. It's business.
socalguy97 1 year ago
@socalguy97
You just don't get it. It would be like mw borrowing $100 from you twice and paying the first $50 from the first $50 you gave me and saying I paid you back.
That's not business it's stupidity.
MrFLICKYOLI 1 year ago
@MrFLICKYOLI Oh, I definitely get. but I don't think you do. I understand what they're doing, what I'm saying is that as the consumer, I don't 'care' what they're doing. They're not selling heroin, they're selling cars, I'm happy with my purchase, and as long as I continue to be happy with what GM is producing, it doesn't matter to me how they move around money, or whether or not they paid off a loan with other loan money. It's not illegal to do that. And last i check it was in fact business.
socalguy97 1 year ago
@socalguy97
It is bas business and shows the company hasn't changed one bit. You might be happy with that plastic thing you bought (made in Canada) give it five years and it won't be running. That's what's so laughable.
MrFLICKYOLI 1 year ago
@MrFLICKYOLI Bad business for whom? lol. GM's paying one loan off with another hasn't hurt me, you, or consumers. The idea that their making the commercial sound as though their debts are absolved is propaganda, but again, what's it matter to me? They make a product I like, as long as they do, I don't care where they're made, or if their debts are clear. I don't necessarily think it's true the cars won't run in 5 years lol. And for plastic, my BMW and my wife's Lexus were entirely plastic.
socalguy97 1 year ago
@MrFLICKYOLI Not only were they all plastic, the warranty's on both weren't as long-standing or comprehensive as GM's warranty. Five years ago we wouldn't have bought GM (and we didn't). But the 2010/2011 Buick models just looked and felt nicer than Lexus, BMW, and yes...Acura (we tested the equivalent Acura's and didn't like the interior feel or materials). Anyway, they can rob Peter to pay Paul all they like. I'm not on an ethics committee. I'm just a consumer who likes his new cars.
socalguy97 1 year ago
@socalguy97
The fact they took your tax dollars does't bother you? Interesting. Your new Buick (laugh) may be somewhat decent for now but in two years - tops you'll regret the purchase.
A warranty doesn't do you much good when you're at the airport and your car won't start.
MrFLICKYOLI 1 year ago
@MrFLICKYOLI My taxes haven't gone up due to GM, have yours? As far as Buick getting a "laugh" from you, they seem to be bitch slapping Acura, and the other imports in all of the auto reviews I've read. I'm an owner, so at the very least, I can compare what I have now to the imports I've traded.no comparison. We're happy with what we bought. Can you compare? What makes you such a GM expert to call their cars junk? Have you owned GM in the past? If not, then your comments have no credibility.
socalguy97 1 year ago
@socalguy97
Actually according to the 2010 initial quality survey Acura and Porsche were numbers 1 and 2.
Didn't get that far in your reading?
As for credibility - you don't know the difference between "your" and "you're" so your credibility just went out the window.
I've known people who bought GM under the same guise as you and ended up trading them in for Lexuses and Acuras.
MrFLICKYOLI 1 year ago
@MrFLICKYOLI "Your" and "You're" ? I don't see where I did that. I'm an English teacher, incidentally. I would only have made that mistake as a typo, and if I were you I'd be more concerned that you typed "Lexuses" instead of "Lexus". I saw the JD Power list for 2010, and saw Acura and Porsche there, but since 2010 isn't over yet (lol), I was going by the 2009 list. The list for 2010 isn't valid until 2010 is over because it's a preliminary findings list. Give me a break already lol.
socalguy97 1 year ago
@socalguy97
Public school? I rest me case.
Yes, 2010 is actually quite valid. Why? Because the 2010 data contains information from 2009.
As for pluralizing Lexus, Lexuses is valid as there is no official ruling. But if you want to feel like an English teacher you can use Lexi.
As for GM; the free money they received will only last so long. Then their prices will match that of the sacred Buicks (lol) and people will revert to their imports again.
Time will tell.
MrFLICKYOLI 1 year ago
@MrFLICKYOLI I'm a professor of linguistics at USC. You created LexusES out of embarrassment. You do much talking, but you answer no questions. Forget my previous questions. You made the point that you don't like GM. I get it. I don't like Acura. It's a puffed up Honda. I didn't like what I test drove, period. So what is your purpose? Trying to get me to go to the Acura Dealer ASAP and trade? Not happening. Trying to shut down GM? Go ahead and dream big...but still not happening.
socalguy97 1 year ago
@socalguy97
USC, that figures - Hustler did a few porn shoots there. The "Real College Girls' series."
(did I pluralize that correctly?)
GM will shut itself down, I don't have to do anything. I have nothing to prove. My ten year old Acura still beats everything the domestics put out today. Its sad actually. I just red the Lacrosse is built in Shanghai! That's just funny.
Like I said time will tell; but I've seen the pattern before.
Maybe someday I'll get a certified Chevy just to beat on.
MrFLICKYOLI 1 year ago
@MrFLICKYOLI You "RED" ..... Oh my GOD. You're talking about ME making typos hahaha. The Lacrosse is built in Kansas City. Look it up. And of COURSE they're built in Shanghai. Buick has a very strong following in Asia. i'ts called 'global marketing" I couldn't care less about your Acura. I don't drive 10 year old cars. I've never owned a used car or kept one long enough to worry if it's going to break down. GM is doing quite well right now, I don't see them shutting down in the next 50 years.
socalguy97 1 year ago
@socalguy97
you didn't make a typo - you used the incorrect word. Big difference.
No, they won't shut down, there's a GM customer born every minute.
MrFLICKYOLI 1 year ago
Comment removed
socalguy97 1 year ago
@MrFLICKYOLI No, lol. I never used an incorrect word. You're confusing me with the guy on the other forum with whom you're arguing. You can't keep your facts or arguments straight. First it's "your tax dollars," next it's "free money" GM got, then it's "GM will close down themselves," and finally "GM won't close down." WHICH IS IT BUDDY? You still haven't answered any questions. Taxes or free? How much did they cost you? Why should I care how they pay back loans if I like their products?
socalguy97 1 year ago
@MrFLICKYOLI I was reading your other posts on other forums, and they're about as well educated and articulate as your arguments on this forum.
socalguy97 1 year ago
@socalguy97
You're an adjunct english prof; walk over to the business department or ask a business major what happens when companies get free money. Yes, it will result in higher taxes and an inflated dollar. GM won't cease operation in a traditional sense but they will continue to get government subsidies until something drastic happens.
Stop trying to justify your bad purchase to me.
When you buy a product you are justifying a company's actions - including stealing from the American public.
MrFLICKYOLI 1 year ago
@MrFLICKYOLI You're NOT answering me. I want to know at what point YOUR taxes went up because of GM. I want to know how their method of repayment has affected you. I want to know WHAT they stole from the American public.YOU in particular--in dollars and cents. I want to know HOW A GOVERNMENT LOAN turns into "free money" (loans are not free) are you 12 years old or something? I'm not justifying my purchase, but you're making one hell of a case for why I should buy a Honda, uh hum, Acura. blah.
socalguy97 1 year ago
@socalguy97
I never said my taxes went up; it is called deficit spending - again ask a business freshman to explain it to you. This deficit spending inflates the dollar - making it less valuable - therefore it takes more dollars to buy stuff. This loan isn't a real loan because loans have an interest rate. GM's interest payments can be in the form of a gain in their stock price when the Government sells its share of GM.
Have fun in your Chevy, er Buick. Er, Opal?
MrFLICKYOLI 1 year ago
@MrFLICKYOLI So what is your argument? And don't tell me a loan without interest is free money. That's free lending. A GRANT is free money. If it has to be paid back it's a loan...period. You know better than that. Ask your parents to explain this to you...I don't think you got it the first time around.
socalguy97 1 year ago
@MrFLICKYOLI If GM is getting free money then they had NOTHING to pay back with other loan money, which demolishes your entire argumentative premise. If it's "free money" then it was a GRANT not a LOAN. The only thing I'll justify for GM is that however they paid back their loan, playing the shell game, they didn't do anything illegal. As long as they don't conduct illegal business, and make products I like, I don't care if they blow their noses on govt. dollars. I'm happy. I'm the consumer.
socalguy97 1 year ago
@socalguy97
Yes, you're happy. Ignorance is bliss.
I'm hitting the sack.
MrFLICKYOLI 1 year ago
Comment removed
socalguy97 1 year ago
This has been flagged as spam show
@MrFLICKYOLI And you're happy driving around in a 10 year old rice rocket (which I would never in a million years be seen in)...was this Acura your first car? lol. I want to know how you're affected by GM...SPECIFICALLY. And how money that has to be paid back (with or without interest) is "free" money. hahahahaha. That's a new one. I'm gonna go ask my bank tomorrow for an interest free loan....uh, I mean, free money...the kind I don't have to pay back. hahahahahahahahaha.
socalguy97 1 year ago
@MrFLICKYOLI And you're happy driving around in a 10 year old rice rocket (which I would never in a million years be seen in)...was this Acura your first car? lol. I want to know how you're affected by GM...SPECIFICALLY. And how money that has to be paid back (with or without interest) is "free" money. hahahahaha. That's a new one. I'm gonna go ask my bank tomorrow for an interest free loan....uh, I mean, free money...the kind I don't have to pay back. hahahahahahahahaha.
socalguy97 1 year ago
@socalguy97
I already explained it. This was my second car - the previous car was also an Acura.
Have fun at your bank, I'm sure they'll think you're funny. Like I said get a business freshman to explain how loans are supposed to work.
MrFLICKYOLI 1 year ago
Comment removed
socalguy97 1 year ago
@socalguy97
you're talking in circles. When you stop I'll reply.
MrFLICKYOLI 1 year ago
@MrFLICKYOLI Ed Whitacre himself is acknowledging it was a loan. Everyone on this forum acknowledges it was a loan. You're saying "it wasn't a real loan." If it wasn't a real loan, then what in the world was it? If it wasn't a loan, then what exactly did they bother to pay back with other loan money? Can you answer ANY of these questions?
socalguy97 1 year ago
@MrFLICKYOLI If it had to be paid back, THEN IT WASN'T FREE. If it was free it would have been called a TARP "GIFT", not a TARP loan. You need a business freshman to explain it to you, not me. This whole entire forum has been about how GM poorly "repaid a loan" and you're saying they paid back "free money" that "wasn't really a loan." If what you say is the case, then you should be grateful to GM for giving back "free money" they didn't have to give back, rather than berating them..
socalguy97 1 year ago
@MrFLICKYOLI And you're talking nonsense. Was it free money or loan money? Tax dollars or grant dollars? Which is it?
socalguy97 1 year ago
"I don't see them shutting down in the next 50 years."
...wonder how many Oldsmobile, Pontiac and Saturn owners said the same thing.
USAon3 1 year ago
@USAon3 You're comparing apples to oranges. You're talking about three brands, part of the company, but not representing the 'entire' company. And two of the three were duplicate brands...Pontiac/Chevy...Oldsmobile/Buick...don't you think it makes sense to cut the duplicates and keep the brands that were selling better...i.e. Chevy/Buick? But what does this have to do with the price of tea in China? How does this have anything to do with GM's repayment of their loan?
socalguy97 1 year ago
@socalguy97
You're comparing apples to Montana. You missed the point entirely. Judging by your other responses, you can add this to the original point, which you also missed.
Off topic, here's a little trivia for you and your wife. Did you know that Buick is half-owned by the Chinese?
Enjoy your Obama Commiemobile. Most of the rest of us will buy American, thank you very much.
USAon3 1 year ago
@USAon3 No no, I'm not missing the point at all. In fact, I've been trying to bring 'you' back to the point...GM paid one loan with another...that's the POINT of the video in this forum. My point is what's the difference how they are repaying a loan? LOL You're turning this into a purely political issue, and making it seem as though you actually spent money from your own pocket to bail out GM, which is absurd because you did no such thing.
socalguy97 1 year ago
@socalguy97
Of course it came from my pocket. It came from all of our pockets.
Pick up a civics book. You won't find reference of taxes falling from a tree or delivered to the government by the Tax Fairy.
Since GM paid back a loan extended to them from OUR money with a loan created from MORE of OUR money, and it was all coordinated by Barry, the topic was "political" from the inception, my reference to same is completely relevant and on topic.
USAon3 1 year ago
@USAon3 I'm a successful adult in his 30's, I'm also Ivy-league and Ph.D educated, and even if I wasn't, be assured, I understand how taxation works. lol. But now you're dodging my question rather than answering directly. HOW MUCH FROM YOU? How much money are you short on your monthly budget because of GM? Has it hurt you directly? Do you honestly think that the loan, which will be paid back, did NOT benefit humanity by sustaining 244,500 jobs for GM employees, thus preventing economic collapse?
socalguy97 1 year ago
@USAon3 And I don't care if Buick is half-owned by Chinese, Lebanese, Guatemalans or a Mayan tribe. Does it matter? Again, what's your point? If you want to make this political, do so by taking the discussion to a relevant forum. This forum is about loan repayment, not the president, the government, or patriotism. I made my point, and relevant at that. Do you plan on making one? Also, I'm waiting for you to tell me just how much money the government took from you, personally, to bail out GM???
socalguy97 1 year ago
@socalguy97
Oh, that's right, you liberals think it's just one big happy shiny world, and you're just peachy with that.
Perhaps you don't care - but I do.
I'll bet your SinoBuick looks really cool in the parking lot of your liberal indoctrination center (aka, USC). But how is it received at the club, inserted among actual luxury vehicles? "Oh dear, prof bought a Buick - let's ostracize him."
And I'll take the political talk where I choose. Thank God Barry hasn't taken the 1st Amendment away yet.
USAon3 1 year ago
@USAon3 uh hum...what makes you think I'm liberal? I didn't vote for Obama. And this isn't germane to the conversation; regardless, Buick markets itself as a luxury brand. MotorTrend ranked my car as "luxury car" of the year. Consumer Digest ranks it as a "best buy" among luxury sedans, and JD Power, for years, has had Buick at the top of the list in initial quality, hence the reason we chose to trade our Lexus. FORD is certainly not luxury (lol) it wasn't even in our realm of consideration.
socalguy97 1 year ago
@USAon3 Listen. We read all of the good press on the Buick. There are no negative reviews we could find on the model we purchased. Only praise. And for the $43,000 we paid (I don't even think Ford sells a model for that price) it ranks as luxury. Here's a fact--GM, having received a bailout, saved 244,500 jobs. As a patriotic republican, I would think YOU would be thrilled by that. Another fact--GM makes a brand I'll buy, and their business practices have not picked my pocket or yours.
socalguy97 1 year ago
@MrFLICKYOLI What about this "free money" you say GM received? A few posts ago it was "your tax dollars" they received. My opinion of GM right now is high, because I'm a satisfied customer. That's my opinion which of course doesn't have to be your opinion, but when you say "tax dollars" I'd love to know which tax dollars belonging to YOU are unaccounted for because of GM??? If GM wronged you because of their business practices, I wanna know when and for how much? Or was it free money (lol)?
socalguy97 1 year ago
@MrFLICKYOLI Conversely, I can tell you that I know equally as many people who have traded their imports for GM. I'm one of them. When these people you knew traded their GM vehicles for lexusES (lol) and Acuras, what year was this? If you tell me 5 years ago, I'd believe you. If you tell me, "within the year" I'd be suspicious. And still, I'm asking again, what makes you the expert on GM being junk and Acura reigning supreme? Furthermore, what does this have to do with the topic of this forum?
socalguy97 1 year ago
@MrFLICKYOLI Btw, where do you get the idea my car will last two years tops? for the last several years, Buick ranked as the #1 most reliable vehicle on JD Power's list. They were on that list for years, then made #1 tying Lexus. Then they beat Lexus. Then Buick tied Jag for #1. Acura was wasn't even in the top 5. You're grandstanding for imports, lol. You have no argument.
socalguy97 1 year ago
@socalguy97
if you don't "care", then fine. Next time Government Motors asks for another handout, please pay my share. They're not fleecing heroin buyers ,they're fleecing car buyers. I'm pretty sure you don't "care" where your money goes, but you can be sure I care about mine.
How does it feel to pay for a car twice?
You enjoy your Obama Buick.
I enjoyed Fords even before they never took a dime of my money for a "bailout" - and gee, lookit that - they're showing a profit anyway.
USAon3 1 year ago
@USAon3 I'm enjoying my car very much. As for "your" money, I'd like to know exactly how much of GM's loan, precisely down to the penny, was "your" money. How much actually came out of your pocket? Give me a number, and I'll write congress on your behalf and ask them to refund you the .38 cents that was yours (if that). I think paying for my car "twice" is a bit of a hyperbole. And you know what really costs American's money?Job loss and poverty, which would have been the result of losing GM.
socalguy97 1 year ago
@USAon3 Have you considered that over 240,000 people still have jobs because GM was bailed out? That type of loss has more potential to hit your pockets than the loans GM was given.
socalguy97 1 year ago