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Thread: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    [QUOTE=Badmutha;1059311837]
    The host organism always precedes the parasite........Prosperity always precedes Organized Labor.....
    Unions helped create the middle class.........the same class that could afford to buy those cars. Prosperity for the automakers came after they were unionized in 1935.



    Well it sounds like you are against TARP........

    ................but only when Bush was spending it.
    I was totally against TARP. Just trying to educate you about who created it and why it was created.
    TE]
    Last edited by USA_1; 02-26-11 at 03:43 PM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by USA_1 View Post

    I was totally against TARP. Just trying to educate you about who created it and why it was created.
    TE]
    ....except when Obama is spending it.......
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    .
    ..

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by Badmutha View Post
    Remember......Obama told us that "we would make a profit" from bailing out the UAW Union of Slobs.........the same for TARP.

    .....if you havent received a GM profit sharing check or TARP dividend check yet.....your in for an eternal wait.
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    1. Sorry, but its very typical to have a downtick in price after an IPO. The IPO event is hyped by the I-bankers, so the stock is often recesses from its IPO level within months. The long-term price will be tried to the performance of the company.
    2. Anyone that has criticized the president for spending the bailout money and complained about that charge against the deficit as no right to complain about the "profit" or "lack of profit" on the bailout, as you have taken the posture that the money was expensed already.... thus we are already in a profit position since we had recovery on a sunk cost. Only if you have not criticized the bailout as an expense but rather viewed it as an investment (an asset) can you honestly keep score on the return on that investment.

    No matter how you slice it, it was a helluva deal for the US tax payer. The unemployment paid to auto workers (GM, Chrysler and their supply chains) would have been far more dollars
    than anything that might ultimately be "lost" on this deal. There are plenty of things to be critical of the Obama administration, but this one was a big win to any objective soul.
    Last edited by upsideguy; 02-26-11 at 05:57 PM.

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    It is all a scam the taxpayers lost and UAW won at our expense and through huge deceptions by Obama

    GM's Phony Bailout Payback - Reason Magazine

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by Badmutha View Post
    ....except when Obama is spending it.......
    .
    .
    ..
    No, I was more against Obamas spending it. Just pointing out he didn't create it or the need for it.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by ptif219 View Post
    It is all a scam the taxpayers lost and UAW won at our expense and through huge deceptions by Obama

    GM's Phony Bailout Payback - Reason Magazine
    We won't know that for years. If the economy actually does recover, GM becomes a great company again and pays back all that money, then the bailout was a success.
    What would you be saying now had there been no bailout and the country went into a depression? A depression worse than the Great One? Would you be crying that Obama didn't do enough to fix the economy?
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by USA_1 View Post
    We won't know that for years. If the economy actually does recover, GM becomes a great company again and pays back all that money, then the bailout was a success.
    What would you be saying now had there been no bailout and the country went into a depression? A depression worse than the Great One? Would you be crying that Obama didn't do enough to fix the economy?
    Read my link they have not paid it all back that is an Obama scam. There is no proof Obama has done anything to change the economy. GM could have went into bankruptcy and done the same thing except that Obama wanted to help the unions and screw the taxpayer

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by ptif219 View Post
    Read my link they have not paid it all back that is an Obama scam. There is no proof Obama has done anything to change the economy. GM could have went into bankruptcy and done the same thing except that Obama wanted to help the unions and screw the taxpayer
    GM would have folded without the bailout.. Like I said you won't know for years.if the bailout was a success or not. Did you actually think they would start pying it back already? I was against the bailouts and TARP and now I am just waiting to see if they were the right thing to do.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by USA_1 View Post
    GM would have folded without the bailout.. Like I said you won't know for years.if the bailout was a success or not. Did you actually think they would start pying it back already? I was against the bailouts and TARP and now I am just waiting to see if they were the right thing to do.
    They would not have failed they would have went to a real bankruptcy court not a give all to the unions Obama court.

    Read my link they claim they paid it back but Obama and GM are deceiving and scaming the taxpayers.

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by upsideguy View Post
    1. Sorry, but its very typical to have a downtick in price after an IPO. The IPO event is hyped by the I-bankers, so the stock is often recesses from its IPO level within months. The long-term price will be tried to the performance of the company.
    We The People accept your apology......

    G.M. Shares Must Hit New Heights to Pay Back U.S. - NYTimes.com

    Yes of course.....just the typical downtick......now we just have to wait till GM hits $133.78 a share/pigs fly.......and we can start reaping some profits.

    2. Anyone that has criticized the president for spending the bailout money and complained about that charge against the deficit as no right to complain about the "profit" or "lack of profit" on the bailout, as you have taken the posture that the money was expensed already.... thus we are already in a profit position since we had recovery on a sunk cost. Only if you have not criticized the bailout as an expense but rather viewed it as an investment (an asset) can you honestly keep score on the return on that investment.
    Call it an expense...call it an investment......its still a government "solution" to a government created disaster.....

    No matter how you slice it, it was a helluva deal for the US tax payer. The unemployment paid to auto workers (GM, Chrysler and their supply chains) would have been far more dollars
    than anything that might ultimately be "lost" on this deal. There are plenty of things to be critical of the Obama administration, but this one was a big win to any objective soul.
    I would say its a helluva of a deal for the UAW and its drones.........and few else.

    ....
    .
    .
    .
    .

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