GM hourly workers get $4,000 bonuses! (economic, administration, jobs, news)

[shorebaby]

Originally Posted by HistorianDude

Okay.... let's just cut through the equivocation.

General Motors: Government Motors no more | The Economist

There is no equivocation. We haven't made a profit. Why don't you admit you misspoke and move along.

[HistorianDude]

Originally Posted by shorebaby

[/b]
To refresh your memory. Wrong again ranger...............

What about the phrase "realize the profit" do you not understand? Exactly?

[KoobleKar]

GM still hasn't paid back ALL the money they were given.

Funny when Wall Street guys get bonuses, Liberals camp out in front of their homes.

When GM (Obama's UAW cronies) get bonuses, profit sharing is a good thing even though they still owe the taxpayers money!

[HistorianDude]

Originally Posted by shorebaby

There is no equivocation. We haven't made a profit. Why don't you admit you misspoke and move along.

Paper profits are real profits.

They're just not "realized" yet.

This stuff is basic accounting. You don't need an MBA to get it.

[shorebaby]

Originally Posted by HistorianDude

What about the phrase "realize the profit" do you not understand? Exactly?

What about the taxpayer has't made profit, even your own link says it. You can never admit you are wrong can you?

[summers73]

Originally Posted by HistorianDude

GM does.

Get bailout.

Abscond with money.

Claim you're a private entity.

Profit.

[HistorianDude]

Originally Posted by KoobleKar

GM still hasn't paid back ALL the money they were given.

They have paid back all the money they were loaned, though. They owe nothing more.

Originally Posted by KoobleKar

Funny when Wall Street guys get bonuses, Liberals camp out in front of their homes.

And when it's the middle class that gets bonuses, it's the right wingers who show up with torches aflame.

A fascinating difference, don't you think?

Originally Posted by KoobleKar

When GM (Obama's UAW cronies) get bonuses, profit sharing is a good thing even though they still owe the taxpayers money!

I am a capitalist. I believe profit sharing is always a good thing.

[shorebaby]

Originally Posted by HistorianDude

Paper profits are real profits.

They're just not "realized" yet.

This stuff is basic accounting. You don't need an MBA to get it.

Let me help you out. If you own $300 hares of a stock today and it tanks next week and goes to $150 is it still worth $300? No stock is worth anything until you sell it. No go outside and play.

[KoobleKar]

GM Still Owes Us - Forbes.com

The company got $50 billion from our government, and $10 billion more from Canada. They have paid the U.S. back $7 billion plus interest, as I understand it, including the latest payment of nearly $5 billion. So they say they paid us back.

Not quite: That still leaves $43 billion.

[HistorianDude]

Originally Posted by shorebaby

What about the taxpayer has't made profit, even your own link says it. You can never admit you are wrong can you?

Sure I can... I'm just not wrong this time.