Penny MG Loc: Fresno, Texas

You definitely see things crystal clear. :thumbup:

FRENCHY Loc: Stone Mountain , Ga

Toyota parts are made by.....Delphi , and it is GM owned !!!

nimbushopper Loc: Tampa, FL

More than four years after U.S. taxpayers bailed out a flailing General Motors, the government sold its remaining shares in the company this week, leading Barack Obama to announce, "GM has now repaid every taxpayer dollar my administration committed to its rescue, plus billions invested by the previous administration." There's just one problem: it isn't true. Shocking, we know.

When the Obama administration put taxpayers on the hook for $49.5 billion to prop up the auto giant, the government received in return a 60.8% stake, or 912 million shares, in GM. With the sale of the remaining shares, the government recovered $39 billion of the bailout. For those in the administration who can't apply basic math, that's a $10.5 billion difference -- a far cry from Obama's "every taxpayer dollar" repaid claim.

Naturally, the president omitted this small fact in his announcement, instead touting his refusal to let GM fail and bragging that his administration "bet on what was true" and "that bet has paid off." In no other arena -- indeed, in no sane reasoning anywhere -- would a 21%, $10.5 billion loss be called a payoff. Indeed, it certainly didn't pay off for the American taxpayer. But then again, none of Obama's policies have, so why would we expect this one to be any different?

RMM Loc: Suburban New York

Gravity is certain. In economics, nothing is "certain." However, there seems to be general agreement that in 2008, we were on the verge of total collapse. We had allowed too many "Too big to fail" institutions to come into existence, and couldn't allow all of them to fail at once. Personally, I think the bank bailout was upside down, in that we bailed out the institutions, and not their victims. I understand all about moral hazard, but the credit institutions went out of their way to mislead people with assurances that the housing bubble (unlike every other bubble past, present or future) wouldn't burst. Also, to me, "Too big to fail" equates to "Too big in the first place." Teddy Roosevelt had it right.

Ka2azman Loc: Tucson, Az

It's not the stockholders who elect the CEO. Its the Board of Directors. Stockholders only real power is to divest from a company to show disillusion with the way a corp is run.

Ka2azman Loc: Tucson, Az

It's not the stockholders who elect the CEO. Its the Board of Directors. Stockholders only real power is to divest from a company to show disillusion with the way a corp is run.

Screamin Scott Loc: Marshfield Wi, Baltimore Md, now Dallas Ga

Plenty enough blame to go around on the housing bubble with both banks & consumers. The practice of allowing people to take out a mortgage without being financially able to handle it was the start of that slide...

hondo812 Loc: Massachusetts

Dodd and Frank....String em up!

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imntrt1 Loc: St. Louis

My New 68 Chevell was a lemon...I can excuse that in most cases because any auto can potentially become a lemon...Mine had three new water pumps, three new alternators, paint runs, and chrome trim falling off. It was frustrating, but what turned me completely off on GM was the service I received to correct the problems. The paint run was returned to me with new paint...which was also a run. The chrome piece on the top on the windscreen came loose while driving and to repair it they just put some black goop under it and used a hammer to get the strip to snap onto the clips....leaving dents in the chrome. They also made no attempt to find out why it kept having failures in the Alternator and water pumps. I have a Mustang GT Convertible right now and it is running like a new car even though it has over 100K on it and two Thunderbird s I owned both ran forever. Any Warranty work was also first rate.

cherylpeters Loc: Kentucky

I am in that GM Family. I am GLAD they bailed us out. We are at the Corvette plant and they are doing very well. Like the song goes: Baseball, hot dogs, apple pie and Chevrolet.. ;)

pounder35 Loc: "Southeast of Disorder"

Assembled in West Point, GA. Assemblies were either supplied by 2nd and 3 tier suppliers and may have been located in the region. Or they could be shipped in from Brazil, Mexico, or where ever. There are a lot of assembly suppliers that do locate in the region and plenty of high paying jobs and they contribute to the tax base.
But "Made in the USA" for one means very little. If you should by chance find a TV for instance that says "Made in the USA" (not likely) you'll find all of the components are probably from China. The majority of the production of the assemblies and the labor are from foreign sources that can hire "slave" labor. :thumbup:

orindaman

I had a few shares of GM and loss their full value. Now each of us in the USA lost $33 for the bail out. Not others in the world, just us. Thanks Obama.

Ka2azman Loc: Tucson, Az

I was not for the bailout. These companies do their strategies, and pay outlandish salaries to the top executives, then claim we have a boo-boo, you have to help us. And now, in this case it seems GM is moving to China once they overcame the hump. Great benefit for the USA. NOT!

But my post was to a gentleman who claimed he had a problem with Chevy's and hasn't bought one in a decade plus, then tries to tie it in with this recent bankruptcy? To me, the dots to connect, are not there!

Your decision to buy stock in GM was yours and yours alone. Sorry for the loss but that is the chance one takes when dealing with risk adventures, and greedy top executives. It is really about them and their wages and golden parachutes. Not the low on the totem pole common stockholder.

imntrt1 Loc: St. Louis

I'm presuming you are talking about me.....First of all, I was not "trying" to tie anything into the Bankruptcy, other than perhaps some of the problem had to do with quality and service from GM.....Those dots DO Connect. Poor quality or poor service make people go elsewhere...just like I did. GM and their decision to move much of their stuff to China was indeed bad for America, on that we agree. They cost plenty to the economy in the St Louis area over the years by moving their manufacturing facilities from here.....The large truck plant and the corvette plant are still sitting idle in North St Louis, and one of the many reasons St Louis is in Dire Economic Straits, much like Detroit. I also don't like the way Retirees and their survivors have been left out in the cold by their decisions....They have left many a widow or widower without any health care and little pension money from their husbands or wives pensions. And BTW, 45 years since I've purchased a GM Product is certainly "A Decade Plus."

Bunko.T Loc: Western Australia.

Here in Australia, they are pulling the plug too. Taking their marbles & going home in 2017.
General Motors Holden, is going the way of what seems to be the parent company. Down the gurgler.
Sad, because Holden has been an Aussie icon for 65 years to now.
It seems our problem is like yours, they're too costly to produce as compared with overseas competitors. Europe & Asia.
Stronger economies are going broke demanding too much profit.