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Why are Republicans not happy with GM doing well?
GM is back!! People are working. Yet the Republicans are calling it a failure. Why do they hate American workers?
13 Answers
- smartoneLv 41 decade agoFavorite Answer
Simple answer here; "they want America to fail under Obama" They would rather cut their own nose off to spite Obama.It a shame that a million people kept their jobs and the taxpayers are getting their money back according to the Cons. Go figure.........
- Anonymous1 decade ago
They are only working because they were given $50 Billion dollars and just generated a few more billion in revenue. I give it 3-5 years before the UAW has brought them back to bankruptcy again.
The US government also owns about 36% of GM still. GM will be doing well when the US Government no longer owns any of it stock. GM will be doing well when they stop producing 25 different types of SUVs and 25 different types of trucks.
I'd love to buy a GM vehicle if 1 they didn't take short cuts producing it and 2 it didn't lose half it's value in the first 3 years of ownership.
Go take a look at GM vehicles change the color of the interior? Well most of it well remain black minus a few parts here and there.
The last time i bought a vehicle i looked at Cadillac and didn't buy it because when you change the interior color to tan 3 parts of the dash the glove box and 2 other small pieces were died tan the rest remained black it looked cheap and like crap.
I'm looking at getting a new car in the next 6 months to a year. I've looked at Vettes and wont buy one because they lose value terribly fast and you guessed it. Want a tan interior? 75% of it will remain black!
- Still QuazeeLv 61 decade ago
The sole reason 0bama 'saved' GM was the unions had paid him off with donations. The money it cost to keep the unions 'alive' was paid for
http://www.washingtontimes.com/news/2009/mar/05/bi... using billions of dollars of YOUR tax money.
I worked for an airline that had to do the tough things to stay alive, chapter 11 or whatever bankruptcy. Wasn't fun, but after going through the wringer, we came out stronger, leaner and lessons learned. GM won't have to bother with all that, so the unions can stay fat and happy and keep doing what they do best, supporting liberal democrat party agendas. So, while they're temporarily 'back', the problems were never really addressed, so in a few years we'll be doing this all over again.
- robbieLv 61 decade ago
Because the chance of GM failing again in five years is excellent to probably. The left will try to use this to express success in their failed bailout policies. The people who invested before the bailout lost everything and the new investors are very worried.
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- Anonymous1 decade ago
The people were working already. This created ZERO jobs.
When he uttered the statement " we estimate we saved X amount of jobs" what he means is I will claim this number but I have no way of proving it. If he could prove it he would have to estimate.
And when did losing 9 billion dollars of tax payer money on sales of stock start being considered a success?
- ♥Pardonne Moi♥Lv 51 decade ago
The Government should not have bailed them out to begin with. They should have filed for bankruptcy, and actually try to fix the problem. Now, the government will use this as an excuse to take over many companies that are "too big to fail".
- 1 decade ago
If you're definition of well is running the company to the ground for making inferior crap and letting unions run amok, taking corporate welfare and government contracts to artificially make themselves look better and still owing a lot of money I would rethink your definition.
Toyota is still better, much much better.
- 1 decade ago
They cost me a lot of money when they ran the company into the ground. They should have let it go extinct.