a whopping 41% but the American Liberal Lickspittle Media ignores it.
EXCERPT: “General Motors’ profits fell 41% in the second quarter as troubles in Europe undercut strong sales in North America. America’s largest automaker made $1.5bn in the second quarter of 2012, compared with $2.5bn for the same period last year. Revenue fell to $37.6bn from $39.4bn in the second quarter of 2011. The results exceeded analysts’ estimates, but further underlined Europe’s drag on the US economy.”
Evidently buying his own car company to play CEO with did not work out so well for Lord Barry but then again, it was OUR MONEY not his, so what the hell. Just another BAD investment, like Solyndra and a host of others.
Speaking of idiots, did anyone catch the interview of the liberal mayor of Stockton saying “we ran out of money!” Funny how Socialism ALWAYS seems to run out of other people’s money to spend.
http://www.guardian.co.uk/business/2012/aug/02/gm-profits-slip-european-struggles
You know I get sick of hearing how Obutthole saved the auto industry…Really?.. Chrysler is owned by Fiat or something like that, GM is owned by a bunch of commie mindless union thugs and a worthless Tyrannical government and the only reason it hasn’t went tits up again is because the gov. is buying fleets of crap from GM and their paying off the loan with borrowed money, they still owe the taxpayers something like 20+ billion, wtf was saved?? Ford seems to be pulling their self out of the hole without the help from the commies. Ford all the way for me. I never heard about that loan bullshit sounds typical for the ass hats.
My wife and I lost $50,000 in GM investments when they went tits up. We were using that investment as a monthly income source for our retirement. Granted it wasn’t a great fortune, but that loss of $300 a month sure made a huge impact in our lives. We have had to tighten things up and we are both looking at finding part-time jobs to make up for that loss plus the impending tax increase and higher cost of living thanks to Obama and his socialist policies. We are supposed to be the middle class but are rapidly approaching the poverty level thanks to our communist/socialist federal government. The golden years my ass.
Lost 90K thanks to Frank and Dodd. I would hang the MFers if I could.
I drive a F150, I love it, the government didn’t pay for most of it, taxpayers didn’t pay for it, it was built on the companies assets and paid for with mine.
I’m not going to buy a Chevy Dolt regardless of how much lord Barry wants me too.
Yep, I could not agree more. NO ONE did my homework for me and NO ONE took my finals and NO ONE else sweated blood on Parris Island but ME to earn my EGA!
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I always bought Chevy’s but when the commie got elected I switched to Toyota,that way I know Barry ain’t gonna get a penny of the sale price.
Yep, I’ll NEVER buy GM again. My Toyota RAV4 will outlive ANYTHING GM is putting out.
I always bought Chevrolet cars & trucks,but when the ash-hole got elected I switched to Toyota that way I know the thing in the white house ain’t gonna get a penny of the sale price.
It is my understanding talking with a couple folks (I have NOT researched it myself but then since Harry Rude doesn’t need to do research neither do I) that in fact one of the problems at GM is the fact that people who would not ordinarily be approved for loans were, in fact, approved. It’s my understanding that these folks are now beginning to default on those car loans. Sound familiar?
You heard right,Mrs.Al. Ally Financial,what was known as GMAC, has been advertising subprime loans since May.
Thanx for the confirmation, Clyde. Just how do we get the majority of our fellow Citizens to understand what the Resident, et al are really up to? I am beyond frustrated at this point.
I guess GM’s finding out the ol’, “You build it, they will come.” thingy doesn’t work with the Volt……….
Dumbasses!
Another example of ego driven insanity. No matter how many example one shows them throughout history and the world that their vision (fantasy) of socialism does not, can not and never will work, they continue with their quest for utopia (with them, the elite in charge). It is always the same: it will work this/next time if given the “right” program/plan, with the “right” people in charge, with it “fully funded” (aka an unlimited supply of other peoples money to spend), and enough time to make it work. Again, they being just so much more purer in motives, so much smarter and in every way just so superior to every one else (that would be us) , they just can not possibly be wrong. The only thing socialism has ever been able to produce is dead people, murdered in the attempt to create utopia on earth.
Not to mention the asshat’s standing 100 years of bankruptcy law on it’s head. Fookin’ libs can’t be trusted to run a goddamn lemonade stand.