GM is reporting record breaking profits and Obama is taking credit?

Question

do those profits benefit the rich and wall street or the poor and main street?.    So a large corporation got a 50 billion bailout based on FIRING people, and wall street benefits...  Good job Obama.  Way to benefit wall street and demand that working class people lose their jobs.

Anonymous · Accepted Answer

The company is in business, making money and providing jobs.  What the heck are you complaining about now?

noetzel · Answer

you recognize and that i understand there has been a internet benefit of jobs decrease than Obama. GM and Chrysler are each and every reporting checklist vehicle sales,checklist salary and reliability has more desirable drastically. no longer too point out it wasn't basically jobs at Chrysler and GM that have been saved. Neither make their very own windshields, transmissions, automobiles or thousands of alternative areas that bypass into an vehicle. So all those subsidiary and ancillary jobs at different companies have been saved besides. Romney and especially plenty each and every of the Republicans suggested enable them to die. in the past Romney suddenly suggested it replaced into his thought to save them. of direction. Had they died you may guess they'd all scream approximately lost jobs decrease than Obama.. specific it replaced into your tax money and Canada's additionally. and you get carry of it back. meanwhile companies are reporting checklist salary. checklist salary decrease than a president that supposedly is basically so anti-organisation is a few trick does not you're saying? additionally taxes have not been this low in many years if it extremely is your next piece of b.s.. And there have been no new substantial regulations to talk of the two. That especially plenty undermines Romney's finished marketing campaign spiel. yet of direction you will have faith him besides. enable me ask you this: Why ask a query once you do no longer probable want an answer that disagrees with your physique of ideas? Edit: If unemployment replaced into 10% and is now 8% isn't that a help?

justgetitright · Answer

Obama has a habit of blaming Bush when things go wrong and taking credit for things that Bush put in place.

Obama takes credit for ending the Iraq war and counts it as a promise kept. 

FACT: Bush negotiated the troop withdrawal and it was agreed to by the Iraq government before Obama had entered office.

http://www.salon.com/2011/10/21/about_that_iraq_withdrawal/

http://www.huffingtonpost.com/2011/10/21/obama-iraq-troop-withdrawal_n_1024108.html


Bush initiated the bailouts of GM and Chrysler and targeted restructuring targets before any additional funding would be put in place.

http://www.nytimes.com/2008/12/20/business/20auto.html?pagewanted=all

Obama did not bailout GM, he handed out money to the Unions

http://www.forbes.com/sites/paulroderickgregory/2012/02/06/american-airlines-shows-the-corruption-of-obamas-gm-bailout/

darcy m · Answer

SO he should

and to others here it is being paid back

stop the american bashing...you are talking about fellow americans who are in fact working and because of that are taking care of their families 

wow

r-money yesterday said it was because of him....he LIES period

real facts are available but best for you to google them&#92;&#92;type in GM profits

Thanks for thinking for self

good day

mark · Answer

GM is in business and has paid back a huge portion of the debt already.    Furthermore, we have over 1 million auto workers that are WORKING and paying taxes that wouldn't be if it were up to people like Romney or the Republicans

Anonymous · Answer

Yeah! He's the greatest president ever!! A real American hero! Can't wait for four more years followed by 8 years for either Biden and/or Hillary Clinton as POTUS!
~

Anonymous · Answer

if GM was left to deal with its own problems another company would have just taken its place, stronger and better for its employees. Companies fail, thats life.

Bill · Answer

You would still be biotching,

If the president followed the romney method.

And let the auto makers go belly up.

The party of scared lying sadists.

Anonymous · Answer

Do you even understand what caused GM to fall apart?

Curtis 1911 · Answer

Smoke and mirrors,,,,,,,,,,,,GM got 56 Billion in bailout, they got 46 Billion in debt forgiven, they do not have to pay income taxes for 10 years, plus they got billions in government Volt contracts, and despite what they are saying, GM has not paid back any bailout bucks.

Yeah they better be showing a profit.

Now look at GM stock tanking.
http://finance.yahoo.com/echarts?s=GM+Interactive#symbol=gm;range=2y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

GM In Trouble Again
http://hotair.com/archives/2011/07/05/uh-oh-gm-backlog-looking-a-lot-like-2008/

GM Granted Corporate Welfare
http://online.wsj.com/article/SB10001424052748704462704575590642149103202.html

GM Did not Pay Back Bailout Money
http://www.foxnews.com/opinion/2010/04/23/did-general-motors-really-repay-taxpayer-bailout/

Now it won't be long before GM will need another bailout, but at least the UAW has been preserved so they can donate 90% to the democrat party.

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GM is reporting record breaking profits and Obama is taking credit?

19 Answers