GM Bailout failure. Worst stocks, worst cars. Should have failed. (legal, Obama)

[Roadking2003]

Our tax dollars were totally wasted by Obama on this one. Not only did our money not help the economy, but GM now has the worst cars and had the worst performing stock of any car company last year.

This is Crony Capitalism at its worst. This is what OWS should have been protesting. GM should have been allowed to fail. Government should never be allowed to bail out our leaders cronies.

"Perhaps most surprising is that General Motors was the worst-performing auto stock of the year. "

2011's Worst Auto Stocks (CTB, F, GM, HMC, TEN, TM, TTM)

Cadillac Escalade, Chevrolet Aveo and Chevrolet Colorado are named some of the worst cars on the road today based on their safety and durability performance.

Three GM Cars Rated Among Worst In Safety, Durability | HULIQ



Thank goodness we put up $80 billion to bail out GM and Chrysler. They are now building such wonderful cars that they have achieved total dominance of the Forbes "Worst Cars on the Road" list, which we could also call the "Bottom Eleven."
GM and Chrysler account for nine of the cars among the bottom eleven. IN other news, the UAW is grateful for your generosity in keeping their union from disappearing. It appears you've achieved little else with your donation.

Read more at the Washington Examiner: GM, Chrysler dominate 'worst cars' list. Oh, and the UAW wants to thank you for bailing them out. | David Freddoso | Beltway Confidential | Washington Examiner (http://washingtonexaminer.com/blogs/beltway-confidential/2011/04/gm-chrysler-dominate-worst-cars-list-oh-and-uaw-wants-thank-you-b#ixzz1imII3g9M - broken link)

[Annie53]

I drive a 2003 Chevy Impala that I bought new......great car.....I love it!

Go GM!

[Frank DeForrest]

Americas Trabant.

[legalsea]

Well, if nothing else, we do need the car manufacturing companies since they make much of our military equipment (Humvees by GM, etc).

For WWII the car manufacturers were responsible for building the trucks, tanks, etc.

Not to mention all of the thousands of suppliers that rely on GM.

[Frank DeForrest]

Originally Posted by legalsea

Well, if nothing else, we do need the car manufacturing companies since they make much of our military equipment (Humvees by GM, etc).

For WWII the car manufacturers were responsible for building the trucks, tanks, etc.

Not to mention all of the thousands of suppliers that rely on GM.

A GM bankruptcy would not have eliminated those things

[Finn_Jarber]

Originally Posted by Roadking2003

Our tax dollars were totally wasted by Obama on this one. Not only did our money not help the economy, but GM now has the worst cars and had the worst performing stock of any car company
[/color]

I take it you are angry at bush for not letting them go under?

[legalsea]

Originally Posted by Frank DeForrest

A GM bankruptcy would not have eliminated those things

I interpreted 'should have failed' as meaning the liquidation of GM as a going concern.

[Frank DeForrest]

Originally Posted by legalsea

I interpreted 'should have failed' as meaning the liquidation of GM as a going concern.

And that's how I took it as well.
GM's void would have been filled by one or more profit going concerns.

Research the automotive industry in America and how many players have come and gone,and yet the industry survives.

[robbobobbo]

Thanks for posting an article from April 2011.

And what made you think that a government infusion of money would make GM and Chrysler make the best cars? They have rated poorly for decades before; saving a company doesn't make it a number 1 performer.

[Roadking2003]

Originally Posted by legalsea

Well, if nothing else, we do need the car manufacturing companies since they make much of our military equipment (Humvees by GM, etc).

For WWII the car manufacturers were responsible for building the trucks, tanks, etc.

Not to mention all of the thousands of suppliers that rely on GM.

Yes, but we don't need to bail out car companies to have car companies.

There are lots of alternatives to GM.