Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
General Motors Co., preparing for an initial public offering, is showing a different spirit than the failed behemoth that preceded it: investing in small cars, planning to hire workers and paying obligations early.
***
GM will purchase the Treasury’s 83,898,305 Series A preferred shares at $25.50 apiece...With the repurchase, taxpayers will have received $9.5 billion in repayments, interest and dividends from GM since the automaker emerged from bankruptcy in July 2009, the Treasury said.
The Treasury said the repurchase of the preferred shares won’t change its stake in GM’s common stock. After the IPO, the Treasury may hold with less than a 50 percent stake in GM’s common equity.
GM IPO: GM to kick-start a road-show to encourage stock sale - Business News - Stock Market Digital (http://www.stockmarketdigital.com/sectors/nasdaq-usa/gm-ipo-gm-kick-start-road-show-encourage-stock-sale - broken link)
Not sure what's Socialist about this. Was it really a Socialist gesture to grab GM, force it to stop hemorrhaging money quarter after quarter and turn it around? Or were people just told to believe it was, by outfits with an agenda?
I think it took a lot of bravery and determination to make that decision. GM had been throwing away money for years and no other admin ever stepped in to stop them. This one did, and it's succeeding with the goal and in record time too.
Time to drop the "Soooocialist" chant. That fantasy has dissolved. (Though don't worry, the RW media have plenty more on tap!)
General Motors Co., preparing for an initial public offering, is showing a different spirit than the failed behemoth that preceded it: investing in small cars, planning to hire workers and paying obligations early.
***
GM will purchase the Treasury’s 83,898,305 Series A preferred shares at $25.50 apiece...With the repurchase, taxpayers will have received $9.5 billion in repayments, interest and dividends from GM since the automaker emerged from bankruptcy in July 2009, the Treasury said.
The Treasury said the repurchase of the preferred shares won’t change its stake in GM’s common stock. After the IPO, the Treasury may hold with less than a 50 percent stake in GM’s common equity.
GM IPO: GM to kick-start a road-show to encourage stock sale - Business News - Stock Market Digital (http://www.stockmarketdigital.com/sectors/nasdaq-usa/gm-ipo-gm-kick-start-road-show-encourage-stock-sale - broken link)
Not sure what's Socialist about this. Was it really a Socialist gesture to grab GM, force it to stop hemorrhaging money quarter after quarter and turn it around? Or were people just told to believe it was, by outfits with an agenda?
Of course it was.
We can use the term "liberal" instead if you find it less offensive, but the difference is really just semantics at this point.
I look forward to a reply from you mentioning Beck, Fox...or even baby talk.
That's good news. It's also good news that GM announced they are adding 600 jobs and a second shift to their Lansing plant. The restructuring through bankruptcy seems to be working and turning the company around.
"An economic theory of innovation and progress"? "The essential fact of capitalism"? Why would that scare you? And what's Socialist about it?
Ok so you don't understand it. I am not afraid of it. I welcome it. GM should have failed so others could use it's resources more efficiently. Goverment intervention in private industry is the definition of socialism.
Its amazing how delusianne can see into the future like all her liberal friends... GM will fail, its only a matter of time... they are a failed concept, a Chevy Volt for 40k? Okay... GM hasn't changed anything, it allowed it to get rid of its debt... but nothing's change, they will just reaccumulate debt and yet again be faced with bankruptcy... isn't socialism great? Let failed companies try the SAME failed tactics again and let taxpayers pay the bill AGAIN... so glad we have such smart liberals...
Thank you, but I'll reserve my cheers for GM and the bail out until we see how many of those workers hired are American's.
As a part of their government authorized and overseen rehabilitation, they've already closed American plants and shifted production off-shore, especially to Mexico.
Using our tax dollars to do that is unconscionable and irresponsible and I, for one, am not happy about it even to the point of refusing to buy GM products so long as they continue to screw their American workers in favor of foreign workers.
For instance, I was in the market for a new pick up truck just this month and bought a Nissan, rather than another Chevy. Know why? Because the Silverado's are built in Guadalajara, Mexico and the Nissan's in Smyrna, TN. And, I let GM know why I didn't buy their product.
Maybe if more of us would adopt the same tactic, this foolishness would end.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
