GM pushing the Treasury to sell stock in GM

[tmleadr03]

http://www.marketwatch.com/story/general-motors-pushing-us-to-sell-stake-report-2012-09-17

There goes my happy place. Fuck GM.

[brutal]

But, but, but

"Bin Laden is dead and GM is alive!"

[Ronin13]

You can't blame them for trying... Smart thinking for once on the .gov for not selling them 2/5ths of the stock they now own.

[Sharpienads]

Eff GM. That's what they get for getting in bed with the government. I heard Dear Leader say GM was #1 again. How come their stock is so low? I'm so confused. I wish somebody would just tell me what to think.

[merl]

thing is, does anyone really believe that GM would no longer exist if they hadn't gotten the bailout? come on, they would have gotten a nice restructuring like the airlines have gotten one by one. this was to save the unions

[brutal]

What I want to know is, did GM get shackled into not making Medium and HD duty trucks (over 1T) for 20 years by the remaining big 2 like they did to Chrysler during their bailout?

[brutal]

Eff GM. That's what they get for getting in bed with the government. I heard Dear Leader say GM was #1 again. How come their stock is so low? I'm so confused. I wish somebody would just tell me what to think.

GM is also currently selling every single one of their Volts at a huge loss. $80K to produce and selling for $32,500, even less if you consider some of the crazy leases offered to move them. They've also shut down production to clear excess inventory because, even at crazy lease rates, they're not selling well.

[Mtn.man]

#1 purchaser of Volt's,,, The FED.

[FastMan]

Likely want to get out from under the Government's thumb, and pressure to produce stupid money losing vehicles like the Volt.

[Ridge]

I drove a new Dart today. Was a really nice ride, powerful. And a pretty good price point, too!

[tmleadr03]

I drove a new Dart today. Was a really nice ride, powerful. And a pretty good price point, too!

Chrysler? I hate you.

[T-Jet]

a nice restructuring like the airlines have gotten one by one.

Not all of the airlines got a bailout and some are still around without having received it.

[sniper7]

looks like a good plan to me, I hope the .gov sells the stock off. the money lost is just another drip in the pond. GM is making money, they made plenty off me this year. I didn't want the .gov involved in GM, Chrysler or Ford in the first place.

[Sharpienads]

thing is, does anyone really believe that GM would no longer exist if they hadn't gotten the bailout? come on, they would have gotten a nice restructuring like the airlines have gotten one by one. this was to save the unions

No, they would have gone through bankruptcy. Oh wait, they did go bankrupt. I thought the bailout was to prevent that? And the bankruptcy was criminal. Glad I didn't have any GM bonds because the bondholders got fucked, even though, by law, they are supposed to be the first to get paid back. It was a union bailout, plain and simple. There is no arguing that. But Dear Leader said... dangit, now I'm all confused again![Bang]

[hghclsswhitetrsh]

Union bailout? Are you high?

[Irving]

This gives me a slightly better impression of GM.

[Sharpienads]

Union bailout? Are you high?

I don't think I am...

[hghclsswhitetrsh]

I don't think I am...

How about all of the employees. From top to bottom?

[Bailey Guns]

I figure since I'm partial owner of 25% or 27% (or whatever the number is) I might as well buy GM vehicles. Besides...I love their trucks.

The UAW bailout was criminal...no doubt about it. The UAW is pretty much an organized crime gang anyway...just like teacher unions (Chicago, anyone?). But the UAW builds most of the Big-3 cars/trucks in the country...including Ford.

So I don't really see how (in this instance) not supporting GM is fighting the unions. If a president chooses to exercise extraconstitutional power to step in and prop up a union to save it, it's not like the consumer has a lot of choice in the matter. Except at the ballot box...every 4 years or so.