Does Everybody Hate Pres. Obama?

[beachFool]

Buz, as you know, I have the highest respect for you but I think you are letting your Democrat principles override your financial acumen and your utmost unbiased professionalism in your field. To say the unions have not gained anything in the GM take over is to belie basic facts. You can forget me purchasing GM products as well.

Thanks but you misinterpret my comments.

Unions did give up wages/benefits, that's a fact. Their health care plan owns GM stock, boy ain't that great! Gimme some of that!

GM is in bankruptcy and bondholders -who took risk- have lost income.

My point is the bondholders took risk because they were being rewarded quite handsomely if GM still made the payments. For the record they are better shape than Lehman Bros bondholders.

GM bondholders had plenty of time to sell and should have (in retrospect).

In some cases, GMAC bondholders actually made out quite well.

BTW, I haven't bought a GM product in decades. But it is foolish to think anyone is giving the finger to the UAW, my Subaru was 40% manufactured in Indiana by UAW labor,l assume.

Regards to Betty

 

[Andy A]

Apology accepted

 

[beachFool]

Democrat principles .

Democratic - adjective

Democrat - noun

Why do folks use Democrat instead of Democratic?

Wondering....

My mama was a Republican not a Republic..true story.

 

[Andy A]

Democratic - adjective

Democrat - noun

Why do folks use Democrat instead of Democratic?

Wondering....

My mama was a Republican not a Republic..true story.

I use to say "Democratic Party". Then, the party started calling itself the "Democrat Party. So, noun or adjective, blame your party leaders. They are the ones calling it the Democrat Party. You know, Pelosi, Reid, Frank...all those intellectual giants who are really great at correct English and punctuation.

 

[ugabuga]

you're right: recouping all gov't $ is dependent on gov't selling its (our) GM stock at the "right price."

General Motors Co posted its biggest quarterly profit in six years on Thursday, a day ahead of an expected IPO filing that would open the gates for the U.S. government to slash its stake in the automaker.

Good thing for us taxpayers/stockholders that not everyone (unlike futurebeachbum & Andy A) has sworn off ever buying anything from GM.

http://www.nytimes.com/reuters/2010/08/12/news/news-us-gm.html?_r=1&hp

 

[AlphaCrab]

Democratic - adjective

Democrat - noun

Why do folks use Democrat instead of Democratic?

Wondering....

My mama was a Republican not a Republic..true story.

Republicans have used, and insert the term "Democrat Party," whenever they can. It serves two purposes for them: it is their special way of dumbing themselves down for the sake of their very maleable base, AND it fosters the idea in their base's paranoid heads that there may be actually nothing democratic about the party--which of course is not true.

 

[Lynnie]

General Motors Co posted its biggest quarterly profit in six years on Thursday, a day ahead of an expected IPO filing that would open the gates for the U.S. government to slash its stake in the automaker.

Good thing for us taxpayers/stockholders that not everyone (unlike futurebeachbum & Andy A) has sworn off ever buying anything from GM.

http://www.nytimes.com/reuters/2010/08/12/news/news-us-gm.html?_r=1&hp

This is the rub because many Americans are taking stories/reports like this to heart. They are able to report such profits because there was so much debt forgiven....and, that is ultimately tax payer dollars that were forgiven. I didn't even have a choice in this. I am on the fence as to buy GM again (but, lean toward not); my family is historically brand loyal to GM - not so much any longer. ;-) Abolish the unions and I'll bet you'll see more consumers falling in love with GM again.

 

[futurebeachbum]

General Motors Co posted its biggest quarterly profit in six years on Thursday, a day ahead of an expected IPO filing that would open the gates for the U.S. government to slash its stake in the automaker.

Good thing for us taxpayers/stockholders that not everyone (unlike futurebeachbum & Andy A) has sworn off ever buying anything from GM.

http://www.nytimes.com/reuters/2010/08/12/news/news-us-gm.html?_r=1&hp

Well, voting with our wallets is about the only right we have left these days and when a company reaches the point that they are too evil, too corrupt or too inept, I stop buying their products. I think GM qualifies for at least 2 out of 3 on that list.

I've had Microsoft and Sony on my don't buy list for a long time and GM is on it now too. Its difficult to totally avoid companies like Sony who make computer components and own multiple movie and music labels, but I at least am able to avoid any products directly carrying their brand.

 

[ugabuga]

Abolish the unions and I'll bet you'll see more consumers falling in love with GM again.

When there were no unions, corporations exploited workers in many ways (long working hours, poor pay, dangerous working conditions...).

When workers came together in unions & forced corporations to work with labor collectively, many corporate abuses of workers were mitigated.

When unions became powerful, they sometimes abused their power & became corrupt.

Corporations have abused their power & unions have abused their power.

Ideally, corporations & unions should depend on one another & work toward common goals.

I don't think we want to abolish the unions & leave corporate power completely unchecked vis-a-vis the individual worker(s).

 

[Will B]

Republicans have used, and insert the term "Democrat Party," whenever they can. It serves two purposes for them: it is their special way of dumbing themselves down for the sake of their very maleable base, AND it fosters the idea in their base's paranoid heads that there may be actually nothing democratic about the party--which of course is not true.

They are actually two different words with different meanings. All Republicans are democratic, but they are not Democrats (except the RINO's). Democratic can be used in place of Democrat, but the latter fits the bill better...