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You have to be not a very bright boy because 1) GMAC hasn't been part of GM since the bankruptcy reorganization and 2) this has been brought to your attention multiple times. Rather just continuing to make the same claim which has been proven wrong why not actually respond, Ray?
Exactly. Forbes literally is just yellow journalism or to be more colorful a nasty brown stain on a yellow piece of paper.
It's literally just political BS through and through.
I'm not a fan of Forbes because they seem to love to take pot shots at Cleveland, and NE Ohio any chance they get. Nevermind that there is actually job growth in Ohio as of late, and quite the boom going on in downtown Cleveland with a ton of projects in the works. But they always paint a picture of doom and gloom for this region, and that we're all miserable, and ready to end it! Screw them!
Actually in many of speaking it is. People buy or sell a stock based on THEIR OPINION of the future earnings capability versus other companies in the stock market and other financial instruments. Given that GM is heavily exposed to Europe, and has increasing exposure to China, as a investor at this point in time there are better places to put your money in terms of possible risk versus reward.
Now if you were REALLY interested in objective information about GM you'd look at their financial statements. In terms of revenue, gross profit and net profit the trend over the past three years is improvement. Again those are the things that determine a corporations ability to stay in business.
You are completely an utterly wrong. GM is one of the most widely held stocks. Held by the US treasury, pension funds, insurance companies etc. You think they just buy the stock on an opinion without any due dilligence? Since the market is highly efficient (or in Fama-French speak strong efficient) the performance of any given stock implicitly incorporates all public information which includes financial statement. If a stock is deteroriating it's future prospects are deemed to be negative. Are you suggesting millions of investors are politically motivated to screw it to Obama and push down GM's stock just because they hate Obama?
You have to be not a very bright boy because 1) GMAC hasn't been part of GM since the bankruptcy reorganization and 2) this has been brought to your attention multiple times. Rather just continuing to make the same claim which has been proven wrong why not actually respond, Ray?
What does GMAC have to do with this? Where were they mentioned?
Obama's crowning achievement which he wants to repeat in other industries is hurtling to bankruptcy, again.
Guess everyone is forgetting it was Bush that initiated the auto bailouts.
Quote:
On December 19, 2008, a week after Republicans in the Senate had killed a bailout bill proposed by Democrats, saying it didn’t impose big enough wage cuts on the U.A.W., Bush unilaterally agreed to lend $17.4 billion of taxpayers’ money to General Motors and Chrysler, of which $13.4 billion was to be extended immediately. He had to twist the law to get the money. Deprived of congressional funding, he diverted cash from the loathed TARP program, which Congress had already passed, but which was supposed to be restricted to rescuing the banks.
Obama did continue it though.
GM is a failure and cannot be stopped as long as they have all the problems intact that initially drove them into the ground.
Odd article. It read more like a VW fanboi article than anything.
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