General Motors Reports Record Profits

[goDAWGSsicem]

Originally Posted by raptorlife4

Oh but the Cons wont accept that. they will just blame Obama

I'm a "con".

[olympicoscar]

Originally Posted by JuiceTheGator

This was an unConstitutional theft of taxpayer dollars to float a shitty company because of its union political contributions and votes. It lies where chrony capitalism and socialism meet in an underground cesspool.

This fiasco was the exact opposite of money well spent...money we don't have.

This is not unconstitutional. The government loans money all the time. It outright gives money to certain countries with no hope of financial repayment.

Everything with you is socialism. If the company is so bad, how do you explain the over 11 billion in profits the last 2 years?

[JuiceTheGator]

Originally Posted by olympicoscar

This is not unconstitutional. The government loans money all the time. It outright gives money to certain countries with no hope of financial repayment.

Everything with you is socialism. If the company is so bad, how do you explain the over 11 billion in profits the last 2 years?

Sweetheart, they only "loaned" a little to GM. The rest of the funds you hear about actually purchased company stock. They control the BOD and everything. It's totally unConstitutional. That's what we've been talking about...dividends n' such.

[ForkEmBucky]

Originally Posted by JuiceTheGator

Sweetheart, they only "loaned" a little to GM. The rest of the funds you hear about actually purchased company stock. They control the BOD and everything. It's totally unConstitutional. That's what we've been talking about...dividends n' such.

Yea. GM's success is a result of shit they've been planning for probably over half a decade. But it scares me that the Obama admin may think it's actually an example of how a government takeover of industry could actually work....which is a historically stupid thing to allow.

[olympicoscar]

Originally Posted by JuiceTheGator

Sweetheart, they only "loaned" a little to GM. The rest of the funds you hear about actually purchased company stock. They control the BOD and everything. It's totally unConstitutional. That's what we've been talking about...dividends n' such.

No fagela, that's not what we're talking about. Making a profit has nothing to do with the loans. See we have this thing called revenues and expenditures. Revenues are what you take in, and expenditures are what you pay out. When revenues exceed expenditures it's called a PROFIT. Apparently revenues exceeded expenditures by 7.6 billion.

BTW, what part of the constitution says this loan is unconstitutional?

[Leader O'Cola]

Originally Posted by PIBuckeye

Well, now we all know how those original GM shareholders and bondholders felt........when they got the shaft.....

what part of investments bearing risk is too much for you to grasp?

[JuiceTheGator]

Originally Posted by JuiceTheGator

Sweetheart, they only "loaned" a little to GM. The rest of the funds you hear about actually purchased company stock. They control the BOD and everything. It's totally unConstitutional. That's what we've been talking about...dividends n' such.

Originally Posted by olympicoscar

No fagela, that's not what we're talking about. Making a profit has nothing to do with the loans. See we have this thing called revenues and expenditures. Revenues are what you take in, and expenditures are what you pay out. When revenues exceed expenditures it's called a PROFIT. Apparently revenues exceeded expenditures by 7.6 billion.

BTW, what part of the constitution says this loan is unconstitutional?

You gotta' be just fuckin' with me. You troll bastard...knock it off!!

[huskers1217]

[johnshadows64]

Originally Posted by JuiceTheGator

You gotta' be just fuckin' with me. You troll bastard...knock it off!!

Well, I mean - that's a direct question, right? You seem to have all the answers (for example, we ignorants have learned from you that Obama used to be a summer intern for the Weather Underground). Let's hear it on this one.

[JuiceTheGator]

Originally Posted by johnshadows64

Well, I mean - that's a direct question, right? You seem to have all the answers (for example, we ignorants have learned from you that Obama used to be a summer intern for the Weather Underground). Let's hear it on this one.

That lil' theory is as plausible as any of 'em.

[JuiceTheGator]

Originally Posted by ForkEmBucky

Yea. GM's success is a result of shit they've been planning for probably over half a decade. But it scares me that the Obama admin may think it's actually an example of how a government takeover of industry could actually work....which is a historically stupid thing to allow.

The how Obie is selling it already for his campaign - a great victory for working people in MI.

Look at today's Obama fundraising email:


Friend --

Welcome to the Truth Team tipsheet. You signed up to be part of the team that fights back, and there's no time to waste.

This is the first of regular updates we'll be sending with actions you can take immediately to help support the President -- to debunk false attacks and make sure folks hear about what we've accomplished.

Here's how it works: We'll round up the best of our posts and turn them into short items, with Facebook and Twitter buttons after each so you can instantly share them with friends and family as you go down the list.

Read through this week's news, then do something about it:

#1 ROMNEY FLIPS ON EARMARKS
This morning, Mitt's up with a new ad in Michigan slamming Rick Santorum for supporting earmarks. The thing is, before he ran for president, Mitt Romney was a pretty big fan of earmarks himself. In 2002, he requested "hundreds of millions of dollars in federal aid" for the Salt Lake City Olympics. He did it as governor of Massachusetts for the Big Dig project too, saying "I'd be embarrassed if I didn't always ask for federal money whenever I got the chance." Call him on his hypocrisy while the story's still breaking:



#2 SANTORUM'S BIG BUDGET PLANS
This week, after President Obama released his 2013 budget plan, Rick Santorum called it "preposterous, not only in overall funding but in priorities." But a closer look at Santorum's plan shows he'd cut taxes for the wealthy, raise taxes for some families with children, and slash Social Security and Medicare under the "Cut, Cap, and Balance" plan. Here's the best part: Santorum's plan won't balance anything -- it actually adds to the deficit. Preposterous, indeed. Fight back:



#3 RUBIO'S CONTRACEPTION PLAN
In response to President Obama's decision that all women should have access to contraception, free of cost, Senator Rubio introduced a bill that would let any organization, religious or not, sidestep this rule, putting a woman's access to contraception at the whim of her employer. His solution for women who still would like it? Pay for it themselves, or find somewhere else to work. Folks need to hear what the GOP's trying to do. Pass it on:



#4 "LET DETROIT GO BANKRUPT"
When it comes to the auto recovery, Romney and Santorum continue to argue that a "managed" bankruptcy would've been better. Romney's famously said "Let Detroit go bankrupt," and Santorum would've preferred an industry "meltdown." This week, GM posted its largest profit in its history, and last month, it reclaimed its title as the "World's Largest Automaker." 1.4 million jobs were saved under the auto recovery. They're refusing to admit that the recovery's working, and it's time to call them on it. Show that we will:



And now for Good News...

#5 KEEPING HIS WORD ON HATE CRIMES
As a senator, Barack Obama co-sponsored hate crime legislation because he believes that "...nobody in this country who should suffer violence because of who they are, what they look like, what they believe in, what faith they worship." As President, he kept his word, signing the Matthew Shepard & James Byrd Jr. Hate Crimes Prevention Act to strengthen protection against crimes based on race, color, religion, nationality, sexual orientation, or gender. This is a promise kept. Spread the good news:



#6 RECOVERY ACT ANNIVERSARY
Three years ago today, President Obama signed the Recovery Act into law. Since then, more than 70,000 small businesses were able to receive loans to get started or stay on their feet. We put together a short video on the story of Bill, one business owner who has benefitted from the Recovery Act. Pass it on:



Every day from now until November, there will be misleading news stories, attacks, and flat-out lies about the President's record. It's our job set to them straight -- and nothing works better than the truth, backed by sound sources.

Fight back by spreading the word today.

Until next time,

Stephanie

P.S. -- Here's a fun fact: Did you know President Obama is Irish? Last year, he visited his ancestors' town in Ireland and joked, "My name is Barack Obama, of the Moneygall Obamas, and I've come home to find the apostrophe we lost somewhere along the way." So we created new "O'bama" shirts, just in time for St. Patrick's Day. Check them out.

[potzer25]

Did you order your O'bama tshirt as well? Lol at signing up for Obama campaign spam.

[Leader O'Cola]

how funny, JtG is this megarich business owner, hates Obama, but gets his email (that you need to ask for??) , and can't hire someone to write a mail rule to filter this for him

[olympicoscar]

Originally Posted by JuiceTheGator

You gotta' be just fuckin' with me. You troll bastard...knock it off!!

No, apparently you don't understand. The loans from the government kept the company going. They would not have made a profit unless people bought their cars.

Therefore you add up GM's share of the sale price of the cars, that would be called revenue, and then you subtract the cost of production of the cars, which includes labor, add in overhead and other costs and that would be called expenditures. Revenue minus expenditures = PROFIT.

To save you some time, other costs would include a variety of expenditures too numerous to list. This is a very simplistic model of course and a variety of things go into revenue and expenditures, but if you look at any government balance sheet it works the same way.

Dividends was not the subject of this thread. Thats another matter altogether.

Still waiting to hear from you what was unconstitutional.

[JuiceTheGator]

Originally Posted by potzer25

Did you order your O'bama tshirt as well? Lol at signing up for Obama campaign spam.

Originally Posted by Leader O'Cola

how funny, JtG is this megarich business owner, hates Obama, but gets his email (that you need to ask for??) , and can't hire someone to write a mail rule to filter this for him

Originally Posted by olympicoscar

No, apparently you don't understand. The loans from the government kept the company going. They would not have made a profit unless people bought their cars.

Therefore you add up GM's share of the sale price of the cars, that would be called revenue, and then you subtract the cost of production of the cars, which includes labor, add in overhead and other costs and that would be called expenditures. Revenue minus expenditures = PROFIT. <OMFG!>

To save you some time, other costs would include a variety of expenditures too numerous to list. This is a very simplistic model of course and a variety of things go into revenue and expenditures, but if you look at any government balance sheet it works the same way.

Dividends was not the subject of this thread. Thats another matter altogether.

Still waiting to hear from you what was unconstitutional.

All three of you are retarded.

[olympicoscar]

Originally Posted by JuiceTheGator

All three of you are retarded.

Have you ever taken a basic business course? Revenues minus expenditures equal profits is pretty basic. I've looked at enough balance sheets over the years to paper a house and I'm sure you have also.

What is the problem you are having with that statement?

Still waiting for an answer on what was unconstitutional about the loan.

[potzer25]

Originally Posted by JuiceTheGator

All three of you are retarded.

You are a habitual liar. I get the same emails but did NOT get the one you pasted. Know why? I didn't sign up for when announced:

If you're ready to fight lies with the truth, sign up now:

It's also confirmed in first sentence you pasted that you signed up for it.

Stop being a troll, lying and calling people names.

[JuiceTheGator]

Originally Posted by potzer25

You are a habitual liar. I get the same emails but did NOT get the one you pasted. Know why? I didn't sign up for when announced:

It's also confirmed in first sentence you pasted that you signed up for it.

Stop being a troll, lying and calling people names.

Stooge. I am disappointed with Barack Obama’s spam

I figured one of you Marxists gave them my email just to be a douche. They never drop you.

Katie Pavlich News Editor, Townhall.com

Barack Obama wants to have some "fun" at the expense of republicans by asking lefties to give their email addresses to his re-election campaign. Why? So Obama campaign workers can spam your inbox with lefty propaganda.

The Obama presidential campaign is launching an effort to collect Republican email addresses by inviting its supporters to submit information about their Republican associates to the Obama 2012 website.

The effort could help the Obama campaign build a database that would enable it to target Republican voters during the general election campaign. But, more perniciously, it could also become part of an Democratic effort to influence Republican primary voters to select a candidate Democrats think Obama could most easily defeat.

The Obama information collection effort is cast under the mischievous guise of asking Obama supporters to “have a little fun at the expense of a Republican in your life” by signing them up to get an email from the Obama campaign ribbing them for having “inspired” the Obama supporter to donate.