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Thread: GM ready to repay govt loan, sees chance of profit

  1. #11
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    Re: GM ready to repay govt loan, sees chance of profit

    Quote Originally Posted by disneydude View Post
    This: GM ready to repay govt loan, sees chance of profit - Yahoo! News
    is further proof that the economy under Obama is on its way to recovery.

    General Motors Co., steadily returning to health after its near-collapse in 2009, said Wednesday it plans to pay off its government loans by June five years ahead of schedule and could report a profit as early as this year.

    GM said it lost $3.4 billion in the fourth quarter of 2009 on revenues of $32.3 billion. But things are on the upswing. Sales and production have increased and GM has gained U.S. market share since the start of the year. The automaker will try to maintain that momentum while facing a stiff challenge from a revitalized Ford Motor Co.
    I told fat boy slim that my 2012 vote depends on whether or not he gives up the Government holding on GM.
    "I do not underestimate the ability of fanatical groups of terrorists to kill and destroy, but they do not threaten the life of the nation. Whether we would survive Hitler hung in the balance, but there is no doubt that we shall survive al-Qa'ida." -- Lord Hoffmann

  2. #12
    I'm not-low all the time
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    Re: GM ready to repay govt loan, sees chance of profit

    Quote Originally Posted by Arch Enemy View Post
    I told fat boy slim that my 2012 vote depends on whether or not he gives up the Government holding on GM.
    You know he doesn't care..... He is ****ing in heaven

    GM potential profitability equates to a potential IPO.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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