GM records profit, pays no taxes (employment, dollar, election, New York)
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Why do you think of it as obscene profits? I'm actually celebrating that it was worth saving jobs for over a million Americans and that the profitability now actually helps payback, while there are more people working.
Why are YOU sad?
I would never expect you to be honest about your feelings. So, I dig through the emotions embedded in your posts. There, I came out of the closet... really! Not that I ever wanted to keep this a secret but hey, if that acceptance makes you feel better, it is the least I could do.
I'm not sad. But then again, I dont live in a world of hypocrisy whereas corporate profits are evil. That's entirely within the purview of liberalism. I'm asking you why all of a sudden corporate profits are not objectionable to you. Do you harbor the same opinions when Exxon announces its profits? How many jobs does Exxon support? How many tax dollars do they get?
You don't want to answer the question, I know. Hypocrisy is a terrible thing to have to justify isn't it?
FAIL... Bush was willing to bail them out, he just set conditions
But I love how you want to give Obama credit for doing something Bush did before he was president, but then blame Bush for the debt, after Obama was elected.
Once again ... there is no reason for someone to URGE someone to do something, if that person already intends to do it on their own.
Bush obviously needed advice on the bailout from intelligent men like Obama ... since it is well known that Bush was a complete dunce.
Overall, GM reported full-year net income attributed to common shareholders of $7.6 billion, which comes to $4.58 a share. That's up from the $4.6 billion it earned in 2010.
Also, they are freezing pension plans and switching employees to 401K plans. That is a good move as well.
NEW YORK (CNNMoney) -- General Motors has shifted its senior salaried workers away from a traditional pension plan to a 401(k) plan, said a company spokeswoman on Wednesday.
GM (GM, Fortune 500) froze its defined benefit pension plans for 19,000 U.S. salaried workers and shifted them to a 401(k) plan, said GM spokeswoman Lynda Messina.
You think anyone will find this to be bad news? Whoops! Too late I see.
NEW YORK (CNNMoney) -- U.S. stocks moved solidly higher Thursday as positive domestic economic data comforted investors nervous about Greece's ability to secure a second bailout.
Unemployment figures and housing numbers released ahead of the market's open continued to paint a picture of the U.S. economy on the verge of a comeback.
One minute please. I am laughing so hard my side hurts. When GM hits $50 a share. Would that be in our lifetime?
1.5M jobs saved. That is one 1/2 of the 3.0M private sector jobs under current leadership. And how was that accomplished? In $16 Trillion of the country's debt for starters.
Now that Toyota and Honda and Nissan are back to doing what they do best make quality cars that compete with GM cars than GM stock will not hit $50 anytime soon. GM sales are already falling and dealers inventory of their cars is on rise which means discounts, discounts, discounts...which does not drive stock price up but down. And this has nothing to do with GM losses in Europe..
Great news. Now lets see Obama put some pressure on GM to buy back some of our shares at $50 a share. Afterall, he keeps blaming companies for hoarding cash that be better used to help the country by hiring workers. Well, we need GM to do the right thing and help out our country now by paying back its debt.
The country cannot wait until (or if) the shares hit 50. We need the cash now.
I'm so happy that we saved GM that i could just kiss my Chevy right on it's grill!!
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