GM Tops World Car Sales Again: Bailout Worked! (unemployment, Obama, good news)

[stillkit]

GM's sales outpaced even the expert's predictions. It has re-passed Toyota to once again become the world's largest automaker in terms of sales.

Ford (which did not take a bailout) and Chrysler (which did) also beat expectations.



GM Leads U.S. Automakers to Secure Best Sales Year Since 2008 - Businessweek

So....what do the naysayer's have to say now? Was the Obama administration right or wrong?

[Finn_Jarber]

Originally Posted by stillkit

GM's sales outpaced even the expert's predictions. It has re-passed Toyota to once again become the world's largest automaker in terms of sales.

Ford (which did not take a bailout) and Chrysler (which did) also beat expectations.



GM Leads U.S. Automakers to Secure Best Sales Year Since 2008 - Businessweek

So....what do the naysayer's have to say now? Was the Obama administration right or wrong?

Must say that although I opposed the GM bailout with Bush and with Obama, they did prevent an even larger problem.

[Frank DeForrest]

Bailout didn't work for Ford did it?

Same old Government picking winners and losers with everyones money.

[stillkit]

Originally Posted by Frank DeForrest

Bailout didn't work for Ford did it?

Same old Government picking winners and losers with everyones money.

Ford didn't take a bailout.

[NSHL10]

Good news. Now when are we going to be paid back?

[sailordave]

Hollywood's Obama and union supporters should have been running out buying GM or Chrysler products to show support for their president's actions and the UAW. Instead, they drive Japanese, German, or Italian cars. I won't jump for joy until GM pays back the full value of the loan as well as buy back all of the federal government's shares in the company.

[Bulldawg82]

Originally Posted by stillkit

GM's sales outpaced even the expert's predictions. It has re-passed Toyota to once again become the world's largest automaker in terms of sales.

Ford (which did not take a bailout) and Chrysler (which did) also beat expectations.



GM Leads U.S. Automakers to Secure Best Sales Year Since 2008 - Businessweek

So....what do the naysayer's have to say now? Was the Obama administration right or wrong?

So let me get this straight. You are saying that auto sales are up even though more people have lost the jobs (unemployment at a high since Great Depression) and lost their homes during that same span of time? Even those of us who didn't lose our jobs, didn't get a raise in our standard of living - YET, more cars were sold? I raise the BS flag on this one. Someone is spinning numbers to make this look better than what it is.

[Frank DeForrest]

Originally Posted by stillkit

Ford didn't take a bailout.

That was my point.
Fords penalty for running a better business was the government stepping in and aiding its competitors.

[sailordave]

Originally Posted by Bulldawg82

So let me get this straight. You are saying that auto sales are up even though more people have lost the jobs (unemployment at a high since Great Depression) and lost their homes during that same span of time? Even those of us who didn't lose our jobs, didn't get a raise in our standard of living - YET, more cars were sold? I raise the BS flag on this one. Someone is spinning numbers to make this look better than what it is.

They were probably sold to fleet sales or from one dealership to another.

[Back to NE]

Originally Posted by NSHL10

Good news. Now when are we going to be paid back?

Paid back with a government loan?